# Thailand renews forex warning over unlicensed platforms Author: KriptoMeta Editorial Team Language: English Published: 2026-10-05T19:25:05+03:00 Updated: 2026-10-08T22:39:39+03:00 ![A phone, banknotes and a raised hand symbolising forex risk](https://kriptometa.com/uploads/tayland-dan-forex-uyarisi-lisans-iddialarina-dikkat-555592d2f2d4_article.webp) ## Key takeaways - The Bank of Thailand issued a fresh public warning about online forex schemes on October 5. - An October 3 official video warns that investors may not recover funds if a platform closes. - The central bank provides a separate tool for checking regulated businesses’ licence records. Thailand’s central bank has reiterated its position on online currency speculation. Its latest warning concerns licensing and fraud risks, rather than a newly announced ban. The Bank of Thailand (BOT) renewed its warning about online forex schemes on October 5, saying it has not licensed businesses offering this form of currency speculation. The central bank said such high-risk transactions can be used to draw people into investment fraud and Ponzi schemes. The warning focuses on online platforms promising returns from exchange-rate movements and the risks faced by people depositing money with them. The post did not name a company, announce a new investigation or quantify losses. It also did not announce a new rule taking effect. [View the Bank of Thailand’s October 5 forex warning on X](https://x.com/bankofthailand/status/2107069108202410152) ## What the warning covers The central bank’s licensing position predates the latest post. Its [official statement of September 19, 2022](https://www.bot.or.th/th/news-and-media/news/news-20220919.html) addressed forex investment and speculation offered through websites and platforms. That statement also described schemes in which money was collected with promises of high returns, but no actual foreign-exchange transactions took place. The use of money collected with promises of high returns is also at the centre of the [Cash FX case in the United States](https://kriptometa.com/en/cash-fx-950-million-forex-cftc-lawsuit). That case concerns allegations by the CFTC and is a separate event; the Bank of Thailand did not name a company in its latest post. **No new blanket currency-trading ban was announced.** The warning about online forex speculation does not mean all foreign-exchange transactions through authorised institutions are prohibited. The 2022 statement itself distinguishes authorised providers. A platform’s claim to be licensed therefore needs to be separated from the activity a regulator has actually authorised. The warning concerns Thailand; it does not establish a change in forex rules in other jurisdictions. ## A platform closure can leave funds out of reach In an official video published on October 3, lasting about a minute, the BOT warns that investors may be unable to recover their money if a platform closes. It also cautions that receiving returns now does not remove the concern over future access to funds. The Thai-language video below was published two days before the October 5 post. [Open the Bank of Thailand’s October 3 video on YouTube](https://www.youtube.com/watch?v=66EBXq6GjTI) The central bank’s [BOT License Check service](https://app.bot.or.th/BotLicenseCheck) provides a separate way to look up permission, registration or notification records for businesses under its supervision. The interface accepts a person’s or company’s name, or the reference number of a results document. Its description lists several different activities, including personal lending, microfinance and electronic money. A registration for one service does not establish permission for every product a business offers. A forex licence check therefore needs to cover both the company name and the activities explicitly authorised.