Rating Index
Pros
High reputation due to its affiliation with Krung Thai Bank and years of experience in the financial industry.
Multiple customer support channels available, including live chat, phone, and email, providing efficient assistance.
Access to a range of financial instruments, including forex, CFDs, commodities, and indices.
Cons
No regulatory oversight, raising concerns about adherence to industry standards and client protection measures.
User interface is poorly designed and not well-organized, which can negatively impact the trading experience.
Lack of detailed information regarding account conditions, fees, and educational resources, making it difficult for traders to make informed decisions.
Krungthai broker Accounts
Krungthai Broker Account Types
Krungthai Bank offers various types of broker accounts to cater to different investor needs. These include:
Securities Subscription Account: This account allows individuals with a Krungthai savings account and registered online banking account to subscribe to various securities such as debentures, bonds, infrastructure funds, and REITs. Eligible investors include general retail investors, high net-worth (HNW) investors, and those aged 20 to less than 60 years.
Fixed Deposit Account: Designed for individuals looking to build wealth through fixed savings plans. Minimum deposits start at 1,000 baht for 3, 6, and 12-month fixed deposits, and 10,000 baht for 24 and 36-month fixed deposits.
Current Account: Aimed at businesses, this account provides features like overdraft facilities, cheque usage, and easy cash withdrawals. It requires a minimum opening deposit of 10,000 baht.
Saving Account: This account is suitable for short-term deposits and offers daily interest calculations, with interest paid twice a year.
Eligibility Check: Ensure you meet the eligibility criteria for the specific account type you wish to open (e.g., age, residency, existing accounts).
Gather Required Documents: Prepare necessary documents such as:
- Valid national identification smart card or equivalent.
- For businesses, documents like a certificate of business registration and identification of authorized signatories.
- Online Application: For some accounts, you can open online via the Krungthai Next application:
- Select the “services” menu.
- Choose “open account” and follow on-screen instructions.
- Complete identity verification through a face scan.
In-Person Visit: For certain accounts, visit a Krungthai Bank branch with your documents to finalize the account opening.
Account Activation: Once your application is approved, your account will be activated, and you will receive your account details.
Krungthai Broker Account Opening Process
To open a broker account with Krungthai Bank, follow these steps:
For more detailed information, you can refer to the official Krungthai Bank website or contact their customer service at 02-111-1111.
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