StockPair is a binary options broker that is widely known for having their own proprietary platform and the first brand to introduce pair options trading. Serving traders from across multiple countries, they are headquartered in Limassol, Cyprus and are currently authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).
The Good / – They were able to develop their own platform which they have fully enhanced for the benefit of their traders. This makes them one of the leading online platforms not just for binary options but also for pair options trading.
The Bad / – They lack a demo account but have a simulator which basically has the same features.
The Bottom Line / – StockPair has a highly sophisticated platform that is user-friendly, fast and precise for trading. They offer a great range of options which is sure to appeal to any type of trader while their reputation is unquestionable since they are monitored by a trusted financial regulator. Overall, they provide a great package deal for traders of all levels.
Demo Account: The lacking feature
StockPair doesn’t have a demo account but the good thing is that they have an Options Trading Demo and Simulator and a detailed education center which practically has the same benefits anyway.
Bonuses: Unique cash back program
Aside from the usual bonuses, this broker also offers a unique cash back program for Silver, Gold, Platinum and VIP accounts. This ranges from 0.5 to 3% and can be received on a monthly basis. This guarantees that I can get refunds each month.
Platform: Different but the same
Their platform is quite different from the ones that are used by most brokers but the advantage is that they were able to fully optimize its potential since they are the ones who created it. They have successfully launched a platform that has the same quality as that of the ones that are developed by third party providers.
Mobile Trading: For iOS platforms only
It’s good to know that StockPair has developed a dedicated app for traders like me who are always on-the-go. It has all the same features of the web-based platform but the only drawback is that it is currently available for iOS users only.
Tradable Assets: Various choices
I am the type of trader who wants to vary my trades so I can make more guaranteed profits and fortunately, StockPair has never failed me on this part. They have a total of 108 assets which are spread into the four categories. The vast range of currencies, commodities, indices and stocks will certainly give me more chances to increase my trade revenues.
Minimum Trade: A bit lower than the Industry standard
The accepted minimum investment for a single trade is $20. It’s a little lower than what most brokers require and gives me more control over my funds.
Payout Rate: Highly substantial
Most of the available assets on the binaries instrument have payouts of around 80% while the highest that they can offer is 84% which is significantly higher than the average rate.
Their Call/Put trading instrument is known as Binaries with expiries ranging from 30 minutes to 150 days.
Unfortunately, they don’t have 60 second options and other short term expiries for their trades.
They are the very first broker to introduce Pairs Trading which allows me to profit in both up and down markets.
Since they have focused in developing the Pair Options, they decided not to include any other trading instrument.
Minimum Deposit: Modest amount
The minimum initial deposit requirement is $200 which I find to be a modest amount since a lot of brokers today even require higher deposits.
Deposit Methods: Wide coverage
So how do I fund the account? This can be done using credit and debit cards like Visa and MasterCard, wire transfer and electronic payments like Skrill and Sofort.
Withdrawal Methods: No issues at all
And for the withdrawals the same methods apply which makes the cashing out process a non-issue.
Withdrawal Processing Time: Fast and secure
What I really like about StockPair is that it only takes 3 business days for me to get my funds back whenever I make a withdrawal. It’s an accomplishment that a lot of brokers will find hard to beat.
Channels: Across all channels
Getting in touch with the customer service department can be done in various ways. I can give them a phone call, send them an email or just go online for a live chat.
Availability: Assistance anytime
It’s also good to know that I can get assistance anytime since their support is available 24 hours day, 7 days a week.
Supported Languages: Truly global
They are indeed ready for global coverage because they support various languages and this includes English, French, German, Spanish, Russian, Swedish, Dutch, Italian, Korean and Greek.
Average User Rating: 9.8
Platform Design: A breath of fresh air
The interface is well -designed. It’s not overrated and has a very simple and clean layout which is perfect for trading. The deviation from the standard layout makes it more engaging and is a good break from the usual design that I’ve seen with most brokers.
Support: Happy to serve
I was really impressed on how their customer support team provides answers to any type of question with ease and accuracy. Best of all, their responses are delivered not just immediately but also with politeness and courtesy. And it’s not just over the phone. They also have this kind of positive attitude even with their replies via email or live chat.
Reputation: The pioneering brand
Aside from being lauded for developing their own trading platform, StockPair has been widely known for being the pioneer brand in introducing the Pair Options trading. They are also licensed by the Cyprus Securities and Exchange Commission or CySEC which guarantees that they are in compliance with the regulatory requirements.
Editor’s Rating: 82
StockPair has a highly sophisticated platform that is user-friendly, fast and precise for trading. They offer great range of options which is sure to appeal to any type of trader while their reputation is unquestionable since they are monitored by a trusted financial regulator. Overall, they provide a great package deal for traders of all levels.