The Broker Where Legends are Made – Read our Stockpair Review
The first thing we look at when writing our binary options broker reviews is whether the broker is regulated by a recognized broker. There are plenty of regulatory bodies based all over the world, but a number of them have a far better reputation than others. The respected regulatory bodies include the FCA and CySEC. We’re pleased to report that Stockpair is licensed and regulated by both these organizations. Stockpair.com is actually a brand name used by Nextrade Worldwide Ltd. It also operates in accordance with MiFID, allowing it to offer online trading services to residents in other EEA member states.
What Are the Benefits of Choosing Stockpair for Your Binary Options Trading?
- Stockpair provides secure binary and pair trading
- Stockpair offers simple and clear trading
- No commissions or hidden costs
- Uses superior trading technology
- Provides excellent educational resources
Stockpair Provides New Customers with Four Different Accounts to Choose From
Stockpair appreciates that its customers’ needs and trading style are going to be different and as such has created four different accounts for you to choose from. The options are as follows:
Silver Account
- Minimum deposit $1,000
- Maximum position $1,000
- Maximum total positions $6,000
- Monthly cashback 0.5%
- Minimum monthly volume for cashback $10,000
- Cashback volume limit $75,000
- Minimum balance for benefits $800
- Includes trade control
Gold Account
- Minimum deposit $5,000
- Maximum position $6,000
- Maximum total positions $18,000
- Monthly cashback 1.0%
- Minimum monthly volume for cashback $25,000
- Cashback volume limit $75,000
- Minimum balance for benefits $2,000
- Includes trade expert, trade control and trading indicators
Platinum Account
- Minimum deposit $20,000
- Maximum position $10,000
- Maximum total positions $60,000
- Monthly cashback 2.0%
- Minimum monthly volume for cashback $50,000
- Cashback volume limit $150,000
- Minimum balance for benefits $8,000
- Includes trade expert, trade control and trading indicators
VIP Account
- Minimum deposit $50,000
- Maximum position $20,000
- Maximum total positions $60,000
- Monthly cashback 3.0%
- Minimum monthly volume for cashback $100,000
- Cashback volume limit $500,000
- Minimum balance for benefits $20,000
- Includes trade expert, trade control and trading indicators
A number of different payment methods are accepted, depending on where you are trading from. But for all countries, Visa and Mastercard, Skrill and wire transfers are accepted. The minimum amount for a single deposit using a credit card is 250 currency units and the currencies accepted are USD, GBP or EUR. The minimum amount for a withdrawal request is 20 currency units and there is no upper limit.
Stockpair Offers Traders Something Unique
A number of you reading this review may never have heard of Stockpair’s unique feature as well as offering binary options it also offers pair options trading. Pair trading is very similar to both Forex and binary options trading and is a kind of combination between the two. As a pair trader you get to choose between two assets with the goal to pick whichever one will perform better, after a certain amount of time. There are two types of trades to choose from: floating pairs or fixed pairs.
- Floating Pairs – The outcome of this type of trade is based on the assets’ performance in relation to one another within a certain timeframe. This timeframe could be as short as 24 hours or as long as a month. And it is counted down from the beginning of the predetermined period as opposed to the start of the trade entry.
- Fixed Pairs – The outcome of a fixed pair trade is determined according to how the pair of assets chosen perform in relation to each other from the moment the option is purchased to the expiry of the option.
Stockpair Has Developed Its Own Trading Platform
Stockpair has created its own special trading platform. However, you don’t need to worry about being unable to find your way around as it is very easy to use and perfect for pair binary options trading. The platform is available in a number of different languages, including English, German, Spanish, Italian and Arabic. It’s a simple process to select the assets you want to trade from a drop down menu and then risk as much as you dare on your trades. There are a wide range of features and tools that come with the trading platform. All of which are designed to enhance your trading activities, whatever your skill level.
There are an increasing number of traders who like to trade using their mobile devices and Stockpair has catered to this section of its customer base by making its trading platform very mobile friendly. The site can be accessed via a mobile browser or there are apps to download for both Android and iOS devices.
Customer Support and Education with Stockpair
There is an excellent education section that forms part of the Stockpair website. It includes a basic introduction to binary options and pair options. As well as information relating to Kiko options, another type of options that offered by Stockpair. The section includes an explanation of how to trade. As well as help with strategies, the markets and rules, and trading indicators. It also assists traders with some helpful advice on managing risks.
The Stockpair customer support service is excellent. As we found out when contacting the support team via instant chat to ask about account options. We received an answer immediately and were pointed in the right direction to find the information on the website. There are a selection of worldwide telephone support numbers, an online contact form and email.
So what did we think of Stockpair? It is obviously a very forward thinking binary options brokers as the features it currently offers have been added over time. The company has shown it is not afraid to introduce new things and take on board the latest innovations. It offers a range of different trading accounts that allows almost anybody to sign up and start trading. And help is offered every step of the way.