BOT

Sanford

1-2 años

Which types of payment options does BOT offer for making deposits and withdrawals, such as credit cards, PayPal, Skrill, or cryptocurrencies?

WikiFX Respuesta

From my review of BOT, I must emphasize that transparency and regulatory compliance are absolutely essential when selecting a broker, particularly when it comes to deposit and withdrawal methods. In my research and experience, the most reliable brokers make their payment systems clear, frequently listing available methods such as credit cards, PayPal, Skrill, or cryptocurrencies with well-defined procedures and timelines. With BOT, I found a concerning absence of detailed information regarding their accepted payment methods for both deposits and withdrawals. The information available mainly highlights BOT’s role as the central bank in Thailand, rather than as a retail forex broker. There's no explicit mention of any commonly used deposit or withdrawal options like those you would expect from legitimate brokers. Additionally, user reports strongly indicate issues with both deposits and withdrawals, including serious allegations that funds were not accessible after transfer. Several individuals described being unable to recover their funds, which for me, is a major red flag. Without clear information on payment methods, and in light of negative user experiences, I cannot verify that BOT offers any secure or standard deposit and withdrawal channels such as credit cards, PayPal, Skrill, or crypto. Personally, I would exercise the utmost caution and, in the absence of transparent and verifiable payment options, I would not proceed with any funds transfer to or from a broker like this. In my judgement, always confirming these details directly with the broker before engaging with them is non-negotiable for your own financial safety.

Broker Issues

BOT

Withdrawal

Deposit

09-01

Estados Unidos

MarceloD

1-2 años

Does BOT offer a swap-free Islamic account option for its traders?

WikiFX Respuesta

As an experienced trader who has thoroughly researched BOT, I would approach this question with considerable caution. Based on the information I found, BOT is not a regulated broker and actually functions as Thailand’s central bank, responsible for monetary policy and financial stability rather than providing individual trading accounts. More importantly, there’s no mention of any swap-free Islamic account options in their service descriptions. From my perspective, the lack of standard brokerage features—including swap-free accounts tailored for Islamic traders—raises immediate concern. What stands out most to me is the lack of regulatory oversight and a number of user reports describing severe issues, such as being unable to withdraw funds and outright allegations of scams around trading bots associated with the BOT name. These factors make it clear that BOT does not operate like a conventional forex broker, and any platform using the BOT name for direct investment should be treated with heightened skepticism. For traders specifically seeking Islamic, swap-free accounts, I would strongly advise only considering well-regulated brokers with clearly verified Islamic account options. My experience tells me that prioritizing regulatory status and community reputation is essential, and in the case of BOT, neither the infrastructure nor the trust signals for safe, compliant trading appear to be present.

Broker Issues

BOT

Leverage

Account

Instruments

Platform

08-25

Estados Unidos

Phoebe Yao

1-2 años

Is it possible to deposit funds into my BOT account with cryptocurrencies such as Bitcoin or USDT?

WikiFX Respuesta

As an experienced trader, when asked if it’s possible to deposit cryptocurrencies like Bitcoin or USDT into a BOT account, I proceed with the utmost caution. Based on my own review of the available information, it is unclear whether BOT—referred to here as the Bank of Thailand or entities using the "BOT" name—actually offers any legitimate trading accounts or supports crypto deposits at all. In my years of trading, clarity and transparency from a brokerage on deposit methods is a non-negotiable baseline and, for me, the absence of this information is a significant warning sign. From the context and user reports I’ve examined, there are multiple complaints about lost funds, inability to withdraw money, and outright accusations of scams related to BOT accounts and related trading bots. There is no statement confirming official support for cryptocurrency deposits or withdrawals. In my personal evaluation, a broker operating without clear regulatory oversight and facing such a volume of negative user experiences represents a high-risk environment—especially for cryptocurrency transactions, which are often irreversible and favored by bad actors in the industry. Consequently, I would not attempt to deposit Bitcoin, USDT, or any assets into a BOT account unless I could independently verify, through official channels, both the legitimacy of the broker and the specifics of their funding procedures. For me, protecting capital always comes first, and I would advise any trader to exercise extreme caution before sending any form of deposit—especially crypto—to a platform with these unresolved issues.

Broker Issues

BOT

Withdrawal

Deposit

08-22

Estados Unidos

zack18

1-2 años

Does BOT charge a commission per lot on their ECN or raw spread accounts?

WikiFX Respuesta

Based on my thorough review and careful consideration as an experienced forex trader, I must clarify that BOT does not provide the typical ECN or raw spread account options that one might expect from standard forex brokers. Instead, BOT refers to the Bank of Thailand, which is the central bank of Thailand. Its principal functions center around setting monetary policy, currency management, and providing government banking services rather than offering trading accounts or brokerage services to individual traders. Moreover, according to all available information, BOT operates without specific regulatory oversight regarding retail trading products. There is no evidence to support the existence of any direct trading infrastructure or fee structure related to ECN or raw spread accounts. User reports highlight issues with scams and withdrawal problems, but these seem to be connected to third-party entities misusing the BOT name or branding, particularly in relation to trading bots found on social media or messaging platforms. As always, I urge extreme caution—especially when there is no regulated framework or transparent trading account structure. For my own trading activity, I would never assume any commission scheme or fee applies at BOT, since the institution simply doesn't provide genuine ECN or raw spread brokerage services. Any claims to the contrary should be met with significant skepticism and verified independently before considering any engagement.

Broker Issues

BOT

Fees and Spreads

08-20

Estados Unidos