The most difficult thing to do when trading binary options is to find the right site. You will be surprised to know that there are probably 100s of options that are popular in your area. Hence, to make it a lot easier for people searching for the option, we present the following review. IQ option in Thailand is the platform we review below and offer you deeper insights with the demo account. It is an innovative as well as progressive binary option that was launched in the year 2013. Since then, it has gained popularity and today has a significant number of investors.
Important Information about IQ Option
The platform is governed by the CySEC regulations and its jurisdiction is Cyprus. The platform offers maximum returns of up to 91% with a minimum deposit of $10. You can start investing with merely $1 and can go up to $1000. Different currencies that can be used to start trading includes USD, RUB, CAD, EUR, GBP, NZD, and Yuan. Besides having its own online platform, IQ option in Thailand can be accessed from Android and iOS platforms too.
Not available for customers from USA, Canada, Syria, Sudan, Iran, Israel, etc.
Supports Trading from Your Mobile
IQ Option features an advanced technology that is highly innovative considering the current state of other binary options. The technical innovation team at IQ Option offers a dedicated mobile app that is available for both Android and iOS devices. It is a pretty easy to use this app and it is extremely user-friendly. It is probably the most important selling point of this platform. In comparison to the other apps, this is pretty easy to understand and does not require in-depth knowledge about the intricacies and technical jargons of the market. Overall, the app simplifies the process of trading binary options and might well be used instead of a desktop to trade conveniently from any place where there is internet.
Different Kinds of Accounts
IQ Option in Thailand is available with option to select from two different types of accounts. They are:
IQ Option Real Account: This account offers full access to different trading opportunities in over 70 different assets. The account can also be used for participating in different trading competitions. It facilitates real money trading with as low as $10 deposit and can support fast withdrawals in merely 3 days.
IQ Option VIP account: This particular account also offers access to 70 different assets coupled with full access to all trading opportunities. Besides having the same features for facilitating participation in different trading competitions, the thing that differentiates this account from the other is the option of quick withdrawals in merely 24 hours. Another added advantage is having a personal manager with access to monthly reports about the trading. It also comes with a VIP access to with deposits from $3000.
Withdrawal Options From IQ Option
The overall purpose of trading on any binary platform is to earn profits and withdraw them eventually. When it comes to IQ Option in Thailand, you are presented with the option to withdraw funds from different methods that includes:
The only thing that one needs to do before withdrawing money for the 1st time is to confirm their identity.
Foreigners who are planning to relocate to Thailand do not always find jobs easily. That is why they have to think about making money online or living off the proceeds of their savings.
The first two questions such people ask are whether it is possible to earn money online and what the ways of doing it are. It is possible for expats to use all the basic trading instruments which can be found in countries like the UK and the USA. Both Forex and binary options trading brokers can provide a sustainable source of income for them.
There are five main Forex brokers operating in Thailand:
Windsor Broker (minimal deposit – 500$). One of the longest serving brokers in Europe, it has an operational history of more than 25 years.
FxPro (minimal deposit – 100$). A leading online forex broker was founded in 2006, and today it allows millions of people to trade the financial markets.
Libertex (minimal deposit – 100$). A relatively new company which is owned by Indication Investment Ltd. One of its main features is cross-platform compatibility.
3TG Brokers (minimal deposit – 300$) which provides 4 main types of trading platforms including 3TG MT4 platform, 3TG Mobile Trader, 3TG Station and 3TG MAM.
Agea (minimal deposit – 1$). One of the most suitable financial companies for beginners, which provides a friendly and reliable environment.
The one thing that you should bear in mind is that trading US markets in BKK is only possibly at night. It can cause inconvenience for most people. That is why many of them prefer binary options to Forex.
Binary options trading : an opportunity for Thai citizens ?
Although many people believe binary options to be prone to fraud, there are lots of traders making thousands of dollars by buying and selling them. This activity is legal in Thailand, as there are no apparent regulations or legislations concerning binary options. For this reason, you will have difficulties with finding a local Thai broker. This will not be a problem as the majority of world companies operate in the country. However, you may be restricted to the payment methods used for international transactions.
When it comes to binary options it is especially difficult to pick a trading website. Hundreds of choices are available for expats in Thailand, and you never know which of them are reliable. Our goal is to help you choose the most suitable broker for you.
IQ Option. The company launched their service in 2012 and immediately gained popularity all over the world. An online check will show you hundreds positive reviews and high regard to this site. It is known to be one of the most innovative sites, as you can learn to trade on a demo account before spending (actually, earning) real money. Another company’s distinct feature is its design which appeals to most traders, as their trading platform is simple to use and understand. Their customer support is always there to help traders. Do not hesitate to give this company a try.
Olymp Trade. An excellent broker offering bonuses up to 100% and return rate of 92.76%. It also has a demo version and is compatible with all mobile devices. You can start trading with just 1 dollar in your account!
It is really easy to say why brokers in Thailand has become so popular. However, you should not forget that your capital is at risk when you are trading. Do not deposit all you have even when you are 100% sure to increase your profits.