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Score

1.52 /10
Danger

SiamOption

Seychelles

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://siamoption.com

Influence

C

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Comparison

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Score

Regulatory Index0.00

Business Index7.08

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

SiamOption · Company summary

Basic Information & Regulation of SiamOption

SiamOption is a binary options broker, mainly targeting a client base in Thailand and across South East Asian. SiamOption claims to have started offering financial services in 2013, but SiamOption is currently not subject to any effective regulation.

Safety Analysis

SiamOption is an unregulated broker, which means that the safety of investors' funds and trading activities are not protected in any way. Therefore, it is best for investors to stay away from this SiamOption binary options broker.

Market Instruments

Investors can trade a wide range of financial assets on the SiamOption platform, mainly Forex pairs, cryptocurrencies, indices, commodities, and stocks.

Accounts of SiamOption

There seems to be only one account offered on the SiamOption platform, and the minimum deposit for this account is 400 baht.SiamOption promises very high payouts, up to 90%, for popular currency pairs like the EURUSD. Most binary options brokerage, on the other hand, offers payouts in the range of 81%-86%.

Trading Platforms Available of SiamOption

SiamOption offers traders an in-house online trading platform with good charting tools, offering a variety of charts as well as a large number of technical analysis indicators, which is quite rare among binary options providers, as most of them offer a very basic trading interface without any analytical tools.

Deposit and Withdrawal of SiamOption

SiamOption only supports traders to deposit or withdraw funds to their investment accounts via VISA, MasterCard. SiamOption offers extremely limited access to funds compared to brokers that allow traders to deposit and withdraw funds via wire transfer and some popular electronic payment methods. Besides, SiamOption also sets some limits on daily, weekly, and monthly withdrawals.

Pros & Cons of SiamOption

The main advantages of SiamOption are:

1. Low minimum deposit

2. Free demo account

3. Higher payouts

The main disadvantages of SiamOption are:

1. No regulation

2. Non-MT4/MT5 trading platform

3. Limited withdrawal method

4. Only one account option available


User Reviews

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Andy29127
more than one year
I traded with SiamOption last year, and I would say that the trading environment and platform are both very user-friendly. The customer service was also quite enthusiastic and responsive. However, there were some hiccups during the withdrawal process that caused some inconvenience, but the issues were resolved quickly. I would still give this broker five stars based on its over performance.
I traded with SiamOption last year, and I would say that the trading environment and platform are both very user-friendly. The customer service was also quite enthusiastic and responsive. However, there were some hiccups during the withdrawal process that caused some inconvenience, but the issues were resolved quickly. I would still give this broker five stars based on its over performance.
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2023-03-22 12:10
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Laarbi Imghrane
more than one year
Terrible trading experience with this broker. I can no longer place any trades with my live account or withdraw funds without getting an error message. I called live customer service which was useless anyways only to hear that my account was blocked.
Terrible trading experience with this broker. I can no longer place any trades with my live account or withdraw funds without getting an error message. I called live customer service which was useless anyways only to hear that my account was blocked.
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2023-03-13 10:16
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