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Binary Trading... Is It Legal In Thailand?

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The 60 second mode of binary options is a "gamble" yes. But not in legal terms I´d say. Most "brokers" also offer 30/60 minutes and 1 day or 1 week/month as a timeframe. And then it´s not more or less of a gamble than any other investments available from "normal" banks. I also invest in stocks, FX and knock out certificates for the DAX or Dow Jones. Some products offered by banks may also lose all their value if a certain price or date is reached, could also be called "binary" All or nothing, so where´s the difference to "investing" then? I think investing used to mean you buy stocks from a company, but it has become a a much wider field with complicated and risky products.

Whenever my wife asks me why I bought this or that and I show her the chart full of drawings, lines and indicators, she always said: Ah, so you´re trying to figure out if it´s going up or down, you bet on high or low. biggrin.png It´s always a game somehow, you just call yourself investor or trader instead of gambling addict.

Legal status? Greyzone maybe, investing is ok in Thailand, so why to worry. Work permit? Why? You´re not taking away any Thai job, you don´t have a shop, you don´t do it in public, you don´t register a company, you don´t hire anyone, you´re not in competition to someone, you´re not selling anything, you´re not creating anything. Wouldn´t call this work.

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Edited by I knew this would happen

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Shiver    542

I don't know the legal definition of gambling vs investing (maybe a Latin entomology site could clear that one up - haven't looked), but I'd take a wild stab at it being both a time based thing, and also putting your resources into a company you believe could thrive, rather than a high/low outcome of a card game or dice roll. The pack of cards is not something that can be 'invested' in.

The 60 second mode of binary options is a "gamble" yes. But not in legal terms I´d say. Most "brokers" also offer 30/60 minutes and 1 day or 1 week/month as a timeframe. And then it´s not more or less of a gamble than any other investments available from "normal" banks. I also invest in stocks, FX and knock out certificates for the DAX or Dow Jones. Some products offered by banks may also lose all their value if a certain price or date is reached, could also be called "binary" All or nothing, so where´s the difference to "investing" then? I think investing used to mean you buy stocks from a company, but it has become a a much wider field with complicated and risky products.

Whenever my wife asks me why I bought this or that and I show her the chart full of drawings, lines and indicators, she always said: Ah, so you´re trying to figure out if it´s going up or down, you bet on high or low. biggrin.png It´s always a game somehow, you just call yourself investor or trader instead of gambling addict.

Legal status? Greyzone maybe, investing is ok in Thailand, so why to worry. Work permit? Why? You´re not taking away any Thai job, you don´t have a shop, you don´t do it in public, you don´t register a company, you don´t hire anyone, you´re not in competition to someone, you´re not selling anything, you´re not creating anything. Wouldn´t call this work.

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sanook2me    28

OP...

Are you making money at this?

I have been learning and trading forex for about 3 years....and I am a losing to break even person...no way to support myself yet...

How do you get on and are you making money???

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smotherb    3,939

Binary trading is not classified as gambling. Sitting around a table playing cards for money is. You are trading (investing) through a registered broker. If I walked into Kasikorn bank and purchased some kind of financial instrument for investment, would this be classified as work. Would I need a WP. Of course not.

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BANGKOK 23 September 2017 23:30
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