SiamOption is a binary options broker that opened in 2016 that is popular in Thailand. SiamOption is owned by Iron Trade and Investment Limited, located at: PO Box 1276, Port Vila, Vanuatu.
Contact phone numbers are: Thailand: +66 02-150-0591, and the email address is email@example.com. You can see common broker complaints here.
Don’t use an automated trading robot software until you read this.
The trading system that SiamOption gives their investing clients is a unique trading platform, that has high low binary options. You can choose the expiry time from as fast as 30 seconds to 4 hours. The binary options are available in the following increments; 30 seconds, 1, 3, 5, 10, 15 and 30 minutes, 1, 3, and 4 hours.
The minimum deposit amount needed for a live trading accounts is 400 Thai Baht (which is about $12 USD), and the smallest trade size is 50 Baht.
SiamOption offers traders bonus money to trade with, and it is not mandatory for the investor to accept the money. Like all brokers, there are certain terms and conditions attached to the bonus money, and it is important for you to understand the rules. In order to withdraw your money after accepting a bonus, you will need to have trading volume of 35 times your bonus amount.
There are many complaints in the binary options forum from traders who took bonus money without understanding how it works.
Scam Broker Investigator has reviewed more than 200 binary options brokers since opening in 2012. One of the best ways you can determine if a broker is legitimate or a scam is by checking to see if they are regulated by your local financial regulator.
When reviewing SiamOption, we see that they have a license in Vanuatu. You can compare all licensed brokers by looking here.
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