IQ Option is an award-winning online trading platform for financial instruments like forex pairs, stocks, different types of options, cryptocurrencies, commodities, ETFs, and indices.
Are you curious about the availability of IQ Option in Thailand? Look no further. This guide is specifically crafted to provide you with a deeper understanding of IQ Option in the Thai market.
IQ Option’s Presence in Thailand
IQ Option works in many countries worldwide, including Thailand. There is a large number of Thai traders on the platform, and the broker’s interface is well-adjusted to accommodate Thai customers. Let’s explore the key aspects of IQ Option’s operations in Thailand together.
To trade on IQ Option, Thai traders can register a free account with their email address, select Thailand as their country of residence, and accept the Company’s Terms and Conditions. If you wish to view the trade room in Thai language, you can change it in the settings. Once your account is registered, no additional steps are required to begin trading — you are ready to go.
How to Start Trading
The platform provides a free and refillable demo account with a virtual balance of $10,000 to all registered account holders. The practice account works just like the real balance, helping novice traders understand the nuances before trading with real-world money. The demo account can be refilled to $10,000 as many times as you need, simply select it in top right corner of the trade room and click “Top up”.
You can also explore the educational resources on IQ Option, such as video tutorials for a deep dive into Options and Margin Trading, Technical and Fundamental Analyses, and more.
What Markets Can You Trade On IQ Option Thailand?
Traders from Thailand can access Options (Binary & Digital), CFDs on Stocks (of 185 Companies), Forex, Crypto (Bitcoin and altcoins), Commodities (crops, metals, energies, etc.), Indices, and ETFs.
To choose the asset you wish to trade, simply click on the plus sign in the trade room and view the impressive collection, or click Trending to view the most popular assets.
Deposit Methods and Fees for Thai Traders
Traders from Thailand can select their preferred methods from the list of deposit methods for their Real Accounts. Popular deposit methods include bank card deposits via Visa and Mastercard, E-wallets such as Skrill, Perfect Money, Prompt Pay, and Neteller, and wire transfers.
Additionally, Thai traders can deposit with their local banks in their local currency.
Simply select your preferred deposit method, fill in the corresponding fields for the card number, e-Wallet number, amount, and any additional bank information, and start trading!
Note that IQ Option doesn’t charge any fees when you make a deposit. However, your chosen deposit method (e-wallet or bank) might have a fee, so make sure to check it before conducting a transaction.
Most deposits, including e-wallet transactions, will take around 1-3 days to be processed, while bank card deposits are instant. However, in some cases, bank transfers may take slightly longer to be credited to your account.
You can find answers to common questions in the Frequently Asked Questions section. For additional questions, feel free to contact the IQ Option support team via live chat or email.
What’s the IQ Option Minimum Deposit in Thailand?
IQ Option supports the local currency, the Thai baht (THB). The minimum deposit amount is ฿ 350.00 – equal to around $10. Thai traders can deposit in THB, EUR, GBP, and USD.
How to Withdraw in Thailand
When it comes to withdrawing funds from IQ Option in Thailand, the process and options available may vary depending on the deposit method used.
All IQ Option traders have one free withdrawal per calendar month, irrespective of the payment method they use. This means that each month you can make one free withdrawal, while all following withdrawals within the same month will be charged a commission of 2% (but no more than 30USD).
However, it’s worth considering that certain payment systems may charge fees for the transaction as well.
Withdrawals at IQ Option Thailand can be made through both international and local payment systems.
- If you initially deposited funds using a bank card, your options are limited to withdrawing the initial deposit amount made within the last 90 days to the same bank card. Typically, it takes around 9 business days for the funds to be credited back to the bank card. The rest of funds (earnings) can be withdrawn using other methods, like e-wallets or bank transfers.
- If funds were initially deposited using an E-wallet, the withdrawal process becomes almost instantaneous. Users can withdraw the funds back to the same e-wallet account they used for depositing.
- Users who made a deposit via wire transfer can easily withdraw funds using the same method. Typically, this process takes approximately 3 business days for the funds to reach the user’s bank account, though some banks may take longer to process the transaction.
The minimum withdrawal amount is $2,00, and the maximum withdrawal amount depends on the payment method traders use.
Do You Need Verification for Withdrawing Funds in Thailand?
While verification is no necessary to make deposits or trade, you must verify your IQ Option account to withdraw your earned funds. Please make sure to verify your email, and then follow the steps below:
- Upload a clear photo of your identification document (such as a passport, driver’s license, national ID card, residence permit, refugee identity certificate, refugee travel passport, or voter ID).
- If you used a bank card for depositing funds, you must upload copies of both sides of the card used by hiding the CVV number and keeping only the first 6 and the last 4 digits of your card number.
If you made deposits using an e-wallet, you only need to provide a scan of your ID document for verification.
Once you’ve submitted the necessary documents, the IQ Option team will review and verify them within 3 business days from the time you make a withdrawal request.
To find more information about verification, read this thorough guide: How to Verify an IQ Option Account.
Final Words
With IQ Option, traders in Thailand can access a rich suite of financial instruments and enjoy a seamless trading experience. The platform’s commitment to security, regulatory compliance, and user-friendly features has made it a preferred choice for both experienced and novice traders in Thailand.
