Promptpay is one of the most convenient payment methods for traders in Thailand. It offers instant deposits, low fees, and is widely accepted by major international brokers.
Quick Overview
Instant
Instant to 24 hours
Low (0-2%)
Why Use Promptpay for Trading?
- Speed: Deposits are usually instant, allowing you to start trading immediately.
- Accessibility: Widely used for daily transactions across Thailand, so you're already familiar with it.
- Low Fees: Often cheaper than international bank wires or credit card deposits.
- Security: Your trading funds are linked to your verified Promptpay account, reducing fraud risk.
How to Deposit with Promptpay
Select Promptpay in Broker's Deposit Page
Log in to your trading account, go to "Funds" → "Deposit", and choose "Promptpay" or "E-Wallet" option.
Enter Amount in THB
Specify how much you want to deposit (minimum: ฿300 - ฿500).
Scan QR Code or Log In
You'll be redirected to Promptpay app. Scan the QR code or log in to authorize the payment.
Confirmation & Trading
Funds appear in your trading account within seconds. You can start trading immediately.
Withdrawal Process
Withdrawing back to Promptpay is straightforward if you follow the Closed Loop rule:
Rule: If you deposited via Promptpay, you must withdraw at least that amount back to Promptpay. Only after can you use alternative methods.
Typical withdrawal timeline: Instant to 24 hours. Make sure your Promptpay account name matches your broker account name exactly.
Account Limits & Verification
Basic Account
Minimal verification (phone number + basic info)
Daily transaction limit
Fully Verified
Upload Thai National ID or Passport
Higher daily/monthly limits
Why Promptpay is Popular with Thailand Traders
- No International Bank Account Needed: Fund directly from your local Promptpay balance.
- Real-Time Balance Updates: See your trading account funded instantly.
- Mobile-First: Manage everything from your phone, perfect for active traders.
- Widely Supported: Most major brokers serving Thailand accept Promptpay.
Common Issues & Solutions
Deposit not showing up?
Wait 5-10 minutes. If still missing, check your Promptpay transaction history for confirmation, then contact broker support with the transaction ID.
Withdrawal rejected?
Most common reason: Name mismatch. Your Promptpay account name must match your broker account name exactly (including middle names/initials).
"Transaction limit exceeded"?
Upgrade your Promptpay account to fully verified status by uploading your Thai National ID or Passport.