Quotex in Thailand: The Best Ways to Deposit Money with Bank Cards and More

OVERVIEW OF QUOTEX

Trading with Quotex in Thailand has numerous benefits. If you’re in Thailand and looking to fund your Quotex account, we’ll walk you through what to expect from the platform, step by step. 

Benefits of Trading with Quotex in Thailand

Quotex has numerous benefits for Thai traders who use it. First, Quotex has a low minimum deposit — it takes just 345 Thai Baht, or 10 USD, to open a real account and start trading. Moreover, no charges exist for depositing and withdrawing cash from the account. These transactions are free.

Another benefit of Quotex is that the platform is user-friendly, with active multilingual customer service available 24/7. You’ll have access to tools and signals claimed to be 87% accurate. All these qualities are aimed at improving the experience of Thai traders.

Quotex offers multiple payment methods that enhance the convenience of depositing cash into accounts. Furthermore, the broker offers its clients the ability to trade with 23 currency pairs, 14 indices, and various cryptocurrencies.

BANK CARD DEPOSIT OPTIONS

Quotex offers bank card deposits with Visa and Mastercard. Learn the requirements, fees, limits, and security measures for these hassle-free transactions.

Quotex offers several bank card deposit options. Let’s discuss how each of them works.

Credit and Debit Cards 

When depositing to Quotex in Thailand, click on the “Deposit” button, which prompts you to select a deposit method. On the top left side of the open window are the two options for bank cards, Visa and Mastercard. These are the only credit and debit cards that Thai traders can use to deposit funds into their accounts.

Requirements for Bank Card Deposits

Before any Thai trader can use bank cards to deposit into their accounts, they must meet the following requirements:

• Valid Visa or Mastercard: You must have an active and valid Visa or Mastercard credit issued by a financial institution.
• Sufficient funds: Ensure that your Visa or Mastercard has sufficient funds or available credit to cover the deposit amount you wish to make. Since the minimum for Quotex is 345 Thai Baht (10 USD), that should be the minimum amount available.
• Cardholder information: Provide accurate cardholder information, including the names on the card, the card number, the expiration date, and the three-digit CVV/CVC security code on the back of the card.
• Billing address: You must also provide the billing address associated with the card, typically where you get your card statements.
• Verification: Quotex requires additional verification steps, including providing a copy of your identification document (e.g., passport or driver’s license) and proof of address.

Fees and Limits on Card Deposits

No fees are charged for the deposit through bank cards. However, there is a limit on the deposit amount. The minimum amount to be deposited through Mastercard is $50, while the maximum is $1,080.

The minimum amount a Thai trader can deposit through a Visa MasterCard is $50, while the maximum is $10,000.

Security Measures for Bank Card Deposits

To ensure the platform stays secure, traders from Thailand must add verification documents to their profiles before depositing to Quotex. This measure was put in place to reduce fraud and identity theft when using bank cards for depositing to the Quotex account.

OTHER DEPOSIT METHODS

Quotex in Thailand offers a range of deposit methods for easy and secure transactions, including the following:

1. Bank cards: Visa Mastercard and Mastercard.
2. Local bank transfer: Banks for Asia, Africa, and South America (Banco Nacional, Banco Antigua, Banco Pichincha, and many more) and international bank transfers (sometimes available).
3. E-payments: Balato, Western Union, Advcash, Perfect Money, Pago Fàcil, Piastrix, Puntoxpress, Rapipago, Caja Desarroll, Red Activa, UPI.
4. Cryptocurrency: Coinbase, Bitcoin Cash, Bitcoin (BTC), Ethereum, USD Tether, Ripple, Zcash, Dai, Paxos-Standart.

Below, we’ve highlighted a few of Quotex’s possible deposit options.

Perfect Money 

This e-payment method is available to all Thai traders wanting to deposit on Quotex. This method is quite simple: start by clicking the “Deposit” button, then choose the “Perfect Money” option under the e-payments section on the tab. Enter the amount you want to deposit, then hit “Finish deposit.”

Real Money Option

There are numerous real money options available for Thai traders on the platform, which include bank cards, cryptocurrency, and e-payments. They enable Thai traders to deposit money into real accounts in Quotex.

Transferring Funds Directly from a Bank Account

To deposit funds through bank transfer, click the green “Deposit” button on the top right of the trade execution window. The company provides multiple deposit methods for you to choose from. Select your preferred payment option and click the make payment button. Fill out the payment form with your details and click the preview payment button. Once your deposit is successful, check your Live Account for the updated balance.

WITHDRAWAL POLICIES AND PROCEDURES

Quotex has a robust withdrawal policy: minimum amounts, fees, timeframes, and more. 

Quotex’s withdrawal policies are located on the website in PDF format.

Minimum Withdrawal Amounts

In Thailand, Quotex has the authority to regulate the amount of money withdrawn by the clients and determine the limits (maximum and minimum) based on the withdrawal currency, account currency, and the client’s chosen method of operation. 

The smallest amount you can withdraw is $10 for most payment systems, but for cryptocurrencies like Bitcoin, it begins at $50. The amount may vary for other currencies. These restrictions may be displayed in the client’s personal account when placing a withdrawal request. 

Thai traders can only use the funds in their account balance when requesting a withdrawal. If the requested amount exceeds the account balance (considering all fees, deductions, and required payments set by the company), the request may be declined.

Withdrawal Fees and Timeframes

Quotex establishes and can unilaterally change the mandatory payments, commissions, and other costs of withdrawing funds for Thai traders. The company also sets the conversion rate, which may differ from the rates set by central banks or the market rates of currencies.

Quotex decides on fund withdrawal requests from the client within 7 days of receiving them. In certain situations, the decision-making process may take up to 14 days.

Suppose the money is not deposited into the client’s external account within the above-mentioned time. In that case, the client can contact the company’s representatives to inquire about the reasons for this delay.

If the client provided incorrect details while placing a withdrawal order, the funds may not be transferred to their external account. In that case, the client takes responsibility for any additional payments (such as costs, commissions, deductions, etc.) and must cover them.

BOTTOM LINE

Quotex supports the deposit of cash through bank cards and other methods in Thailand. The procedure for achieving this is simple. Withdrawal of cash has also been governed by policies ensuring Thai traders have their funds well taken care of as they make transactions within the platform.