I do trading from here every day and have not had any problems, and most binary trading websites will usually not allow registrations from countries that have it banned, especially the USA. But all the brokering sites I have been on have accepted Thailand. You place your prediction on whether an option will go up or down during a preset time frame.
Surely it is seen as gambling? But then again all stock market trading is gambling and lets face it, Thailand has a stock exchange Are you talking about forex? Currency trading in Thailand is legal. Don't know about the work permit thing, though. Yes it does include forex trading, but also all the major markets like the Dow, FTSE and Nasdaq as well as the big corps like Apple, Microsoft etc etc Forex trading is legal in most countries, but binaries seem to be frowned on in a lot of countries who ban gambling.
Because it is closer to playing 'hi-low' which is illegal here. As a matter of fact, it is identical to playing hi-low.
I don't have a work permit for it, I can't see how I could even get a work permit for playing binary trading online to be honest. But I don't really think I could be caught anyway, if indeed it was subject to WP requirement. People have the right to oversee their personal investments, I can't see how that could be considered working, and it certainly does not fall into a category of safeguarding jobs for the Thais which the WP is in fact fundamentally designed for.
Where can I find relative advice on the subject? Tried google, but nothing really.. Was hoping if anyone already knew the answer, or of anyone arrested for it if in fact it was illegal. I don't see what the issue is. Presumably your broker is not based in Thailand and you are trading online. 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. I read that a bunch of folks in Patts were arrested for playing hi-low, and U thought to myself It is no different to what I do on my PC I know I wouldn't get caught But it invoked a thought of why people would risk playing a totally random game for money with a risk of prosecution when they can do it legally anyway?
Your question about what I think of these 'get rich quick; schemes They are usually peddled out by affiliates of binary option sites. I follow my own strategy which I actually developed as a hybrid of several of these systems and it seems to work well for me.
But even then, the market is totally unpredictable. Also the vast majority of these sites are scams, and the owners will likely never pay you if you were very successful.
A good source of info can be found on most binary option forums such as binaryoptionsthatsuck. They are full of real info from real traders and review most trading platforms, also full of strategies not silly schemes. I see it as gambling because when the clock is applied, that removes the speculative element, ot at least severely impacts it. I see what you're getting at, but since he's neither investing, buying shares, or benefiting anyone as a share seller or buyer, or a company issuing shares esp for a currency pair, which could notionally impact country fiat values of that 'country corporation' rather than what would be usually considered as a PLC If it's a 60 second bet then it'll be a tough sell trying to call it an investment rather than a gamble.
In all likelyhood it probably wouldn't be flagged up in Thailand if done in moderate amounts and there are tech solutions around that anyhow , but if you absolutely definitely want to be sure, then have someone make a bot for you that follows your rules and operates independently on a server outside of this country, preferably one that doesn't tax gambling on players winnings, and if you bring money 'into' this country, they'll be more than happy for you to spend it here.
To me it looks the same as someone betting on the underground lottery that Thailand has on the last few digits of the SET - no company on the SET index benefits 'directly'. Then again, if people 'bet' on the SET in Thailand, do any companies in that index benefit directly from that 'investment'.
For the record, a 'work' permit, if strictly enforced in its purest sense, would include breathing, since that takes work, so it's an ambiguous input looking for a boolean output. It probably falls under the category of "this is our legal system legal being different than lawful , the former of which would beg the question "in what capacity are you asking me to 'act' in order to answer you?
Just make sure that it's not the week that the painters are in. You need to be a member in order to leave a comment. Sign up for a new account in our community. Already have an account? By Jonathan Fairfield Started Yesterday at By Jonathan Fairfield Started Thursday at By webfact Started Thursday at Farang Pub - fun, entertainment and Expat life. Is It Legal In Thailand? Prev 1 2 Next Page 1 of 2. Posted April 16, Just wondering if binary trading in the markets is actually legal here.
It is no different to betting on a 2 horse race. Share this post Link to post Share on other sites. Posted April 16, edited.
You don't need a WP to buy and sell shares and currencies. Edited April 16, by trd. Thanks for the responses guys. Posted April 17, Posted April 17, edited. Posted April 19, Create an account or sign in to comment You need to be a member in order to leave a comment Create an account Sign up for a new account in our community.
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