Stockpair was founded in 2010 and is a subsidiary of Nextrade Worldwide Ltd, located in Limassol Cyprus. As well as being licensed by the Cyprus Securities and Exchange Commission (CySEC) they also act in accordance with the MiFID. They are so heavily regulated that they also offer protection of up to $20,000 for their clients’ funds.
As a European broker, they don’t accept new clients from the US; however, before modern regulations, they used to, still having many US customers on their books. As the name would suggest Stockpair not only offer the more traditional call/put or high/low trading, they also provide pairs trading, a combination of Forex and binary options.
Choose between 2 assets and decide which will perform better. This opens up more choice to customers and gives them more chances to make a profit. Their pairs trading isn’t the only thing that sets them apart, and they have built an excellent reputation on several factors. Their trading platform is among the best in the industry, and their record for dealing with complaints is also excellent.
To begin our Stockpair review, we want to open a basic account and start trading. The minimum deposit is $250 with a minimum trade of $20 however for those more serious about trading there are premium accounts on offer.
There are 4 different premium account types offered with the entry account being the Silver Account. The account is immediately upgraded to the next level as soon as you reach the required criteria. All accounts include free use of an official Stockpair demo account to get you that valuable practice time if needed.
- Basic Account
The Basic Account requires an initial deposit of $250, and the minimum trade is $24. Successful trades attract profits of up to 82%, but benefits are limited to the standard 24-hour customer service access and a professional chart.
- Silver Account
The minimum deposit is $1,000, which comes with the added benefit of trade control. There is also 0.5% cash-back available, which is dependent on a trading volume of $10,000 is met.
- Gold Account
The minimum deposit is $5,000, and cashback of 1% is offered as long as a $25,000 trading volume is met.
- Platinum Account
$20,000 is the minimum deposit for a Platinum Account with 2% cash-back available upon a trading volume of $50,000 is met.
- VIP Account
Once $50,000 is deposited, the account becomes a VIP Account and 3% cash-back is available upon $100,000 trading volume being met. As you would expect this level of account also attracts other benefits.
Trade Types And Payouts
Payouts vary, but the maximum you can expect from a prosperous trade with Stockpair is 85%.
In terms of trading types, the options are simple. There are the traditional Call/Put options and one-touch trading with short expiry terms of 60 and 90 seconds available for those who like more fast-paced trading experience.
But there is more, Stockpair is different to other brokers in that they offer pair options trading in addition to the above. Pair options trading allows you to predict the outcome of 2 assets and which will perform better. There are 2 different types of pair options available.
- Floating Pair Trades
The trader can make adjustments to the trade at different predetermined time frames in the trends. As this is a more risky form of trading, the return is generally more significant.
- Fixed Pair Trades
With Fixed Pairs, you can only predict the outcome of the pairs at the time of expiry. It is less risky but carries a smaller payout.
Stockpair seems to stand in a league of its own as its unique trading platforms for binary options and pair options seem unrivaled in the industry. Within the trading platform, traders can choose stocks from a list of stock pairs and binary options and stock pairs from a convenient drop down menu. Once a pair or option is selected, the trader can choose a position and invest anywhere from $20 to $6000. If a trade is opened for more than an hour, the trader can opt to exit early, and uniquely to Stockpair, either if he is in profit or loss, so it is a great tool for any trader.
Traders using Stockpair can choose to trade Binary and Pair options from 7 stock exchanges in America, Europe and Australia, a wide range of popular currency pairs such as EUR/USD, EUR/JPY, USD/CHF and more which can be traded 24 hours a day, commodities like Gold and Oil or indices.
Once a position is open, traders can chart the changes on a live feed, or can pursue other activities while waiting for the expiry time.
To help make the trading experience as profitable and comfortable as possible, Stockpair ‘s platform is full of features that are designed to help the advanced as well as the beginner trader – from risk management tools like trade control , early sale options and expiry decided by the trader, through technical analysis charts and extensive trading guide, even the reports stand out with showing the trader the chart of his closed trades in order to improve his strategy and learning process.
In addition to offering an excellent platform design, Stockpair offers reliable customer service. It should be noted, however, that customer support is available during trading hours only. During the course of our Stockpair review we chatted with a representative several times, and always received top quality service. Not only did the representative answer our questions, but oftentimes she went beyond the scope of the query to offer practical advice for streamlining the trading process.
Phone inquiries are available in 10 countries. Assistance is also available via email. We emailed Stockpair and received a response in slightly over an hour.
Advantages and disadvantages
Regulated in the EU: This broker’s operations are regulated by the CySec, which implies that Stockpair follows the rules and regulations of the European financial markets.
Unique trading tool – pair options: Apart from the traditional “above/below” binary options, Stockpair offers its clients another type of contract: the so called pair options, the profitability of which does not depend on the general changes in the market and is defined by the relative movement of the prices between two particular assets.
Wide selection of reference materials: Stockpair are serious about increasing the level of professionalism among their clients, as more successful traders ensure the growth of the broker itself.
Safety of transactions and personal data: The company uses an electronic encryption system based on the SSL protocol in all its data transmissions, guaranteeing high security of transactions.
Efficient customer support: when testing this broker, we were impressed by how quickly the customer support services respond to client queries, by the friendliness of tone and quality of their answers to our questions.
No demo account: in spite of the fact that one does not need to add money to one’s account in order to get oneself acquainted with the platform, traders are required to make a deposit in order to start trading with a real account.
Deposits and withdrawals
This broker offers a standard set of methods for depositing and withdrawing funds: credit cards, direct bank transfers, and electronic payment systems such as Skrill (Moneybookers), Neteller and Sofort. One can register their trader’s room and fund the account directly on the homepage of the broker. When opening an account, you can choose one of the three currencies to carry out the transactions: US dollar, euro, or the British pound.
Withdrawal requests can be submitted at any time in the ‘My Account’ section of the trading platform by clicking on ‘Withdrawal’. Financial brokerage department processes applications within two working days (usually in one day), and then the approved application is sent to the chosen transaction service, which takes another three to seven business days, depending on the policy of each particular counterparty. To make the withdrawal of funds as quick as possible it is recommended to verify your account immediately after making the first deposit. This can be done by providing the broker with a copy of an identity document, the certificate of current residence, and a scan of both sides of the card which was used for funding the account.
Binary options trading has changed significantly in the last few years. As mobile consumption increases, so do the way that we live our lives. Gone are the days where you had to be in front of a laptop or desktop computer to trade or invest. Now everything can be done with a device in your pocket. That is why it is so vital for brokers to invest in their mobile offering. Being able to trade from a mobile device ensure consistency and being able to check the progress of your trades on the move.
Not only have Stockpair made sure that they have a good mobile website for phones and tablets, but they also have a fantastic mobile app. The mobile app is easy to use and offers variety to the trader, meaning that they only need to be online to carry out trades efficiently and effectively. You can get this app for your iOS device (iPhone and iPad) and also Android from the relevant app store.
Here we’re going to wrap up our Stockpair review. It is hard to find anything wrong with Stockpair is a binary option and pair options broker. They certainly seem to have thought of everything. Like any good business, their focus seems to be on attracting clients and keeping them happy. By making sure the trader has everything they need, it means they are less likely to go looking for another broker. They aren’t after making a quick buck. They want to win the trader’s business and keep them. They look after their clients from the bonuses they offer to how they deal with complaints.
Their regulation and licensing is vital to them and is proudly displayed on their website. Not only are they licensed by the most recognised licensing system in the industry, CySEC, they are also regulated in Europe by MiFID and client funds are protected by the ICF. They have also won many industry awards in the last few years.
During our Stockpair review, we carried out extensive research and found no warnings to imply this broker is a scam, and there were no significant complaints to note. If you are looking for a broker that offers excellent support, an easy to use and efficient platform and good payouts then Stockpair could be just what you are looking for.
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