About TISCO
Overview
TISCO Securities Company Limited, commonly referred to as TISCO, is a Thai securities brokerage that traces its roots to 1975. The current entity was incorporated on August 14, 2019, and operates as a wholly owned subsidiary of TISCO Financial Group Public Company Limited. The firm is headquartered at TISCO Tower in Bangkok's Silom district, a major financial hub.
The broker provides a range of securities services, including domestic and international stock trading. It primarily targets Thai retail and institutional investors, offering online platforms for equity trading. Despite its long-standing brand presence in Thailand, TISCO is not regulated by any financial authority according to our records; it holds no known licences from the SEC or other regulators.
Platforms and Technology
TISCO offers two main trading platforms: TISCO eTrade for web-based trading and InvestiFi+ for mobile devices. The eTrade platform provides features such as real-time quotes, portfolio management, and market analysis tools. The InvestiFi+ app allows account opening and trading on the go. For clients interested in foreign equities, the Global Trade platform enables trading in international markets.
The broker also supports an Automated Transfer Service (ATS) for efficient fund transfers between client bank accounts and trading accounts. Clients can link accounts with major Thai banks including BBL, KBANK, SCB, and TISCO itself.
Instruments and Products
TISCO primarily offers securities trading, including Thai stocks, exchange-traded funds (ETFs), and possibly other local instruments. Through its Global Trade service, clients can access foreign stocks listed on international exchanges. The broker does not appear to offer leveraged forex trading, CFDs, or other derivatives. Its focus remains on traditional equity brokerage.
The minimum deposit for trading is set at 10,000 Thai Baht (approximately USD 280). Withdrawals and deposits are processed via bank transfers, with no mention of credit/debit cards or e-wallets.
Company Background and Ownership
TISCO Securities is part of the larger TISCO Financial Group, which includes TISCO Bank and TISCO Asset Management. The group is a well-known financial conglomerate in Thailand. The securities arm was originally incorporated as SCB Securities in 1975 and rebranded to TISCO Securities in 1998. Despite this history, the current legal entity was registered in 2019, which may reflect a corporate restructuring.
As a subsidiary of a public company, TISCO Securities is subject to corporate governance standards, but it operates without direct regulatory oversight for its brokerage activities. This lack of regulation is a significant consideration for potential clients.
Account Opening and KYC
To open an account, clients must complete an application form and provide identification documents. The process is supported digitally via the InvestiFi+ app. For foreign stock trading, additional steps are required, including linking a bank account for ATS. The broker's website provides forms and instructions in Thai, indicating its primary market is local Thai investors.
Client funds are held in segregated accounts at various Thai banks, as specified in the deposit instructions. However, without a regulatory framework, the level of investor protection may be limited compared to regulated brokers.
Target Audience
TISCO Securities is best suited for Thai residents seeking a local stockbroker for domestic equity trading. The broker's platforms and documentation are primarily in Thai, and customer support is available in Thai. It may not be suitable for international clients or those looking for forex/CFD trading, as such products are not offered.
The broker's long history in Thailand and affiliation with TISCO Financial Group may provide some level of trust for local investors, but the absence of regulatory oversight is a notable drawback for risk-averse traders.
Overview compiled by FXCanary from regulatory records and public data. full TISCO review