English

Krungsri foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.krungsri.com/en/personal, about the company's legal and temporary regulatory information, the company's address 1222 Rama III Road, Bang Phongphang, Yan Nawa, Bangkok 10120 Thailand.

Krungsri Forex Broker

Basic Information

Registered Region

Thailand

Operating Period

Company Name

Bank of Ayudhya Public Company Limited

Abbreviation

Krungsri

Company employee

Contact Number

66-2296-2000 # 1

Company Website

https://www.krungsri.com/en/personal

Company address

1222 Rama III Road, Bang Phongphang, Yan Nawa, Bangkok 10120 Thailand

Facebook

https://www.facebook.com/KrungsriSimple

https://twitter.com/krungsrisimple

Keywords

5-10 years

Suspicious Regulatory License

Global Business

High potential risk

Company profile

Company Name Krungsri Securities Public Company Limited Regulation Unregulated Services - Securities Trading via Online System - Securities Trading - Derivatives Services - Mutual Fund Trading Service - Debentures with Embedded Derivatives - Private Fund Services - Corporate Banking Services - Foreign Securities Trading Service Customer Support - Head Office Address: 898 Ploenchit Tower Building, 3rd Floor, Ploenchit Road, Lumpini Subdistrict, Pathumwan District, Bangkok 10330 - Telephone: +66(0) 2659 7000, +66(0) 2099 7000 - Fax: +66(0) 2658 5699 - Email: itrade@krungsrisecurities.com Overview of Krungsri Securities Krungsri Securities Public Company Limited is an unregulated financial institution that provides a diverse range of services, including securities trading through an online system, traditional securities trading, derivatives services, mutual fund trading, debentures with embedded derivatives, private fund services, corporate banking services, and foreign securities trading. The company offers customer support through various communication channels, including a physical address, telephone, fax, and email. However, the lack of regulation raises concerns about investor protection, making it essential for investors to exercise caution and perform due diligence when considering engagement with the company. Regulation Unregulated. Krungsri Securities is not regulated as a broker, which raises concerns about its adherence to industry standards and investor protection. Investors should exercise caution when dealing with unregulated entities, as they may lack the necessary oversight and safeguards that regulated brokers provide. It is crucial to research and verify the credentials and regulatory status of any financial institution before engaging in any investment activities to ensure the safety and security of your investments. Pros and Cons Krungsri Securities offers various financial products and services, including securities trading, derivatives, mutual funds, and more. However, the company is unregulated, which raises concerns about investor protection and industry standards. Investors should exercise caution and perform due diligence before engaging with unregulated entities. Pros Cons Various Financial Services Unregulated Broker Advanced Online Platform for Trading Lack of Regulatory Oversight Real-time Market Data and Tools Potential Risk to Investor Protection Access to Professional Guidance May Lack Industry Standards Comprehensive Mutual Fund Trading Services Limited Oversight for Investor Safety Access to Foreign Securities Trading Tailored Corporate Banking Services Multiple Communication Channels for Support Services and Products Securities Trading Service via Online System: Krungsri Securities offers an advanced online platform for trading securities and derivatives. The system provides real-time market data, analytical tools, and technical indicators. Customers can experience convenience, speed, and safety in their investment activities. Qualified personnel are available to offer advice on both investment strategies and system usage. Securities Trading Service: Krungsri Securities serves as a securities broker with various account options: Cash Account: Customers deposit at least 20% of the desired investment value and can trade within a specified limit. Advance Deposit Account (Cash Balance): Requires 100% collateral, which also earns interest from the company. Credit Balance Account: Allows customers to borrow money for trading by placing collateral. Investment advisors with professional knowledge are available to offer guidance. Internet-based trading is supported, enabling customers to place orders themselves with access to analytical data. Derivatives Services: Krungsri Securities offers a range of derivatives services, including: Futures and Options Contracts Margin rates and fees Single Stock Futures and Block Trade options Settrade Open API for Derivatives Mutual Fund Trading Service: Krungsri Securities provides comprehensive mutual fund trading services, including: Trading mutual funds, with options for SSF and RMF tax deductions. Liquidity Management Tools (LMTs) for managing mutual fund liquidity risks. Debentures with Embedded Derivatives: The company offers services related to debentures that incorporate embedded derivatives, providing investment options with unique risk profiles. Private Fund Services: Krungsri Securities offers private funds for investments in a variety of asset classes. Fee structures and benefits associated with private funds are detailed for interested investors. Corporate Banking Services: Customized banking services are available to corporate clients to meet their specific financial needs and requirements. Foreign Securities Trading Service: Krungsri Securities extends its services to trading foreign securities, allowing customers to diversify their investment portfolios by accessing global markets and assets. Customer Support The company's head office is located at 898 Ploenchit Tower Building, 3rd Floor, Ploenchit Road, Lumpini Subdistrict, Pathumwan District, Bangkok 10330. This physical address provides customers with the option to engage in face-to-face interactions, consultations, or address any matters that may require a more personal touch. It's a convenient resource for clients who prefer in-person discussions or need assistance that goes beyond digital communication. For customers who prefer remote communication, Krungsri Securities provides both telephone and fax numbers, including +66(0) 2659 7000 and +66(0) 2099 7000. These numbers allow customers to make direct inquiries, seek support, or send important documents via more traditional methods. This approach ensures accessibility for clients who may not have easy access to email or prefer verbal communication. Additionally, Krungsri Securities offers an email channel for customer inquiries and support at itrade@krungsrisecurities.com. This email address serves as a convenient and efficient way for clients to reach out for assistance with various matters, including account-related queries, trading inquiries, and any concerns or requests they may have. The inclusion of an email contact underscores the company's commitment to providing accessible and responsive customer support services. Conclusion Krungsri Securities offers various financial products and services, including securities trading via an advanced online platform, securities brokerage services with various account options, derivatives trading, mutual fund trading, and more. However, it's important to note that Krungsri Securities is unregulated as a broker, which may raise concerns about investor protection and adherence to industry standards. Customers are advised to exercise caution and conduct thorough research before engaging in investment activities with unregulated entities. FAQs Is Krungsri Securities a regulated broker？ No, Krungsri Securities is unregulated. What account options are available for securities trading with Krungsri Securities？ Krungsri Securities offers various account types, including Cash Account, Advance Deposit Account (Cash Balance), and Credit Balance Account, each with different features and requirements. What are the advantages of using Krungsri Securities for mutual fund trading？ Krungsri Securities provides comprehensive mutual fund trading services, including options for SSF and RMF tax deductions, along with Liquidity Management Tools (LMTs) to manage mutual fund liquidity risks. Can I trade foreign securities with Krungsri Securities？ Yes, Krungsri Securities extends its services to trading foreign securities, allowing you to diversify your investment portfolio by accessing global markets and assets. How can I contact Krungsri Securities for customer support？ You can contact Krungsri Securities through their head office's physical address, telephone numbers, and email at itrade@krungsrisecurities.com. They provide multiple channels to ensure accessibility and responsiveness to customer inquiries and support requests.

Krungsri broker review

Is Krungsri safe or scam

Rating Index

Krungsri Forex Broker - Complete Information Guide

1. Broker Overview

　　Krungsri Broker, officially known as Krungsri Securities Public Company Limited, was established in 1945. The company is headquartered at 1222 Rama III Road, Bang Phong Phang, Yan Nawa, Bangkok 10120, Thailand. It operates as a publicly listed company under the Bank of Ayudhya Public Company Limited, which is a significant player in the Thai financial sector.

　　Krungsri Broker primarily serves the Thai market, catering to a diverse clientele that includes both retail and institutional investors. Over the years, Krungsri has evolved to offer a wide range of financial services, including securities trading, derivatives, and asset management. The company has established itself as a reputable name in the financial services industry, marked by significant milestones such as its expansion into online trading platforms and the diversification of its financial products.

　　As a subsidiary of the Bank of Ayudhya, Krungsri Broker benefits from the bank's extensive network and resources, allowing it to provide comprehensive financial solutions. The company operates on a retail forex and securities trading model, focusing on delivering innovative financial products and services to meet the growing demands of its clients.

2. Regulatory and Compliance Information

　　Krungsri Broker operates in an unregulated environment, which raises concerns regarding its adherence to industry standards and investor protection. The primary regulatory body overseeing financial institutions in Thailand is the Bank of Thailand (BOT). However, Krungsri Broker does not hold a valid regulatory license, which is a notable risk for potential investors.

　　The lack of regulation means that there are no specific regulatory numbers or licenses associated with Krungsri Broker. Additionally, the company does not participate in any investor compensation schemes, which could provide some level of protection for clients.

　　In terms of compliance, Krungsri Broker implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure that it adheres to basic financial regulations. These measures include customer verification processes and monitoring transactions for suspicious activities. However, the absence of a regulatory framework means that the effectiveness and enforcement of these measures may not be as robust as with regulated entities.

3. Trading Products and Services

　　Krungsri Broker offers an extensive range of trading products, primarily focusing on forex and Contract for Difference (CFD) trading. The broker provides access to various currency pairs, including major, minor, and exotic pairs, allowing traders to engage in diverse trading strategies.

　　In addition to forex, Krungsri Broker also offers CFDs on a variety of asset classes, including:

Indices: Access to major global indices.
Commodities: Trading options for precious metals and energy products.
Stocks: A selection of equities from various markets.
Cryptocurrencies: Limited options for trading popular cryptocurrencies.

　　The company frequently updates its product offerings, aiming to introduce new instruments based on market demand and trends. Retail trading services are complemented by institutional client offerings, catering to larger entities seeking comprehensive trading solutions.

4. Trading Platforms and Technology

　　Krungsri Broker does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are popular among forex traders. Instead, the broker offers its own proprietary trading platform, designed to facilitate easy access to various financial instruments.

　　The trading environment includes:

Web-based trading platform: Accessible from any device with internet connectivity.
Mobile application: Available for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.
Execution model: The broker employs a Market Making execution model, which may influence the spreads and trading conditions offered to clients.

　　Krungsri Broker's servers are located in Thailand, ensuring that local traders experience minimal latency. The broker also supports API access for automated trading, catering to tech-savvy traders looking for advanced trading solutions.

5. Account Types and Trading Conditions

　　Krungsri Broker provides several account types to suit different trading preferences and requirements. The main account options include:

Standard Account: This account typically requires a minimum deposit, with spreads varying based on market conditions.
Advanced Accounts: Designed for professional traders, these accounts may offer lower spreads and additional features.
Islamic Accounts: Available upon request, these accounts comply with Sharia law, avoiding interest-based transactions.
Demo Account: A simulated trading environment is offered for new traders to practice without financial risk.

　　Leverage options are available, with varying ratios depending on the asset class. The minimum trading lot sizes and overnight fees are specified in the trading conditions, ensuring transparency for all clients.

6. Fund Management

　　Krungsri Broker supports a variety of deposit methods, including:

Bank transfers
Credit cards
E-wallets

　　The minimum deposit requirements depend on the account type selected, with specific amounts outlined for each category. Deposits are generally processed within a short timeframe, allowing traders to fund their accounts quickly.

　　Withdrawal methods are also diverse, with processing times varying based on the method chosen. Krungsri Broker outlines its fees for both deposits and withdrawals, ensuring that clients are aware of any associated costs.

7. Customer Support and Educational Resources

　　Krungsri Broker offers multiple channels for customer support, including:

Telephone support
Email assistance
Online chat
Social media engagement

　　The support team operates during standard business hours, accommodating clients across different time zones. The broker provides services in both Thai and English, ensuring accessibility for a wider audience.

　　Educational resources available to clients include:

Webinars
Tutorials
E-books
Market analysis services, including daily updates and research reports.

　　Additionally, trading tools such as calculators and economic calendars are provided to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　Krungsri Broker primarily serves the Thai market, with its operations focused within Thailand. The company has a network of regional offices to facilitate local client interactions and support.

　　However, Krungsri Broker does not accept clients from certain countries, which may include regions with stringent regulatory requirements or those where the broker lacks the necessary licenses to operate. Specific restrictions are outlined on the broker's website, ensuring transparency for potential clients.

　　In conclusion, while Krungsri Broker offers a range of financial products and services tailored to the Thai market, its unregulated status raises concerns about investor protection and adherence to industry standards. Potential clients are encouraged to conduct thorough research and consider the risks before engaging with the broker.

Krungsri Similar Brokers

Gms

Best brokers