Not explicitly illegal for an individual, but a provider serving Thai residents without a Thai SEC licence is operating outside the framework.
Sourcing note: we could not confirm the legal position in Thailand against a named primary instrument published by the SEC Thailand. Verify with the regulator before acting on it.
Archive notice: this page was written in 2012, before binary options were banned for retail clients across the EEA, the UK and Australia. It is kept for reference. For the current position, see Legal status by country.
Paypal is definitely the most popular eWallet in the world. More and more people are getting used to eWallets and thus make payments with Paypal. Whenever you buy something at Ebay, you recognize that they push Paypal very hard. The reason is that Ebay owns Paypal. It’s also a good solution to make secure payments while Paypal is acting as a trustee. This makes shopping at Ebay safer. But this is not the case for Binary Options Trading because it’s hard to find a broker where you can deposit with Paypal. Many traders are asking how to make a deposit using Paypal but it’s tough to find a reliable broker where you can deposit and withdraw with this eWallet.
The truth is that there is not one single Binary Options Broker where you can deposit using Paypal right now. This is hard for Paypal fans but there’s nothing you can do at the moment other than wait for the right broker that is powerful enough to get Paypal support.
Why is Paypal that popular?
When you take a look at Paypal and other eWallets such as Skrill or Neteller you will realize that there’s no big difference. At least you can’t see the difference! It’s a fact that a product like an eWallet is dependent on network externalities. That means that the more people a product use, the better it gets. In the case of Paypal, they managed to become popular and the more popular they became, the more attractive they became for new customers and operators. For an eWallet, it’s important that many people are using a product. Imagine that you implement a payment method in your online store that just a few people are using. You could save your time. On the other hand, you don’t want to sign-up for an eWallet and fund it when you can’t pay with it anywhere. Paypal did a great job and became the market leader pretty fast. This is not because it’s safer, better or cheaper than other eWallets. They were able to become popular very fast and increased their attractiveness for both customers and operators.Funding and withdrawals in Thailand
Local rails here are PromptPay, local bank transfer and card. Deposit method decides whether money can come back out: card payments carry a chargeback route with a time limit, transfers to an offshore entity generally do not. Confirm the withdrawal method, minimum, fee and stated processing time in writing before funding an account. Profits are generally taxable, with the Revenue Department the relevant authority.
Brokers accepting Thai clients
Ranked by our published methodology, which weights licensing at 35% — on an unsupervised counterparty every other quality is contingent. Ratings are derived from the sub-scores, not assigned.
| # | Broker | Rating | Entity holding your funds | Min. deposit | Payout | |
|---|---|---|---|---|---|---|
| 1 | Deriv | 7.9 | Deriv (BVI) Ltd / Deriv (V) Ltd | $5 | up to ~95% on synthetics | Visit |
| 2 | IQ Option | 5.1 | IQ Option Ltd (international) — unregulated | $10 | up to ~95% | Visit |
| 3 | Pocket Option | 4.7 | Gembell Limited (Comoros) | $5 | up to ~92% | Visit |
| 4 | Quotex | 4.6 | Awesomo Ltd — unregulated | $10 | up to ~98% | Visit |
| Regulated alternative — does not offer binary options | ||||||
| — | Exness | 8.8 | FSCA (South Africa) — ODP · FSP 51024 | $10 | n/a — CFDs and FX only | Visit |
Advertiser disclosure: buttons marked ad are affiliate links and earn us a commission if you open an account. The others do not. The ranking is derived from the published sub-scores either way, which is why the highest-rated provider here is not the one that pays us.
Risk warning: binary options are high-risk speculative instruments and most retail accounts lose money. Nothing on this page is investment advice or a recommendation to trade.