Stockpair is a unique trading platform that combines both binary options and pair options. Created in 2010 in Ireland, it has since grown into one of the most innovate trading platforms in the world. Stockpair operates a proprietary platform that is managed by Nextrade Wordwide Ltd. The company is located in Cyprus and is a registered broker with CySEC.
Industry leader in pair options
Stockpair offers its customer base something that is not available on any other trading platform, and that is pair options. Guidelines for trading pairs are slightly different than those for binary options but I find that regardless of trading experience, Stockpair does an excellent job at explaining the process in easy and clear terms.
With pair trading, you trade on the relative performance of two given stocks instead of relying on general market movements. Some of the most popular pairs to trade include Gold vs. Silver, Microsoft vs. Apple, Google vs. Facebook, or even Ebay vs. Amazon. Upon choosing your pair of stocks, your goal is to predict which one of the two will perform better. Once you determine this information, Stockpair shows you the potential payout as well as the expiry times available. There is no surprise – just like binary options, you know exactly where you stand at the beginning of each trade. If you select the stock that ends up performing better, you get your payout, which could reach up to 350%.
You can choose between two types of pair options, either the fixed pairs or the floating pairs. Fixed pairs offer the most straightforward trades since all you have to do is decide which will perform better based on relative performance from the time of purchase to expiry. On the other hand, floating pairs have a different timeframe for determining payout; they are still based on relative performance but rely on a predefined period when the trade takes place. This period can be anywhere from a day up to a month.
Stockpair has combined all of the latest technologies to create a one of a kind platform. I believe this is the whole package: top security measures, streamline navigation, easy trade monitoring, and a fierce reliability. As someone who depends on technical analysis and chart reading to execute trades, I appreciate that Stockpair has made it very easy to find the proper information.
This brokerage firm has four types of accounts available to suit different trading styles and experience levels. The four accounts are the Silver, Gold, Platinum, and VIP. Each has its own minimum deposit requirements as well as unique benefits. If you reach certain milestones over the course of your trading with Stockpair, you could get a free account upgrade.
Likely the most unique feature on Stockpair’s platform is your ability to execute a trade with an expiry time in 150 days. Binary options tend to have much shorter expiration but for the more advanced traders who love to conduct long-term market analysis, entering a trade with a long expiry is an excellent way to diversify your portfolio and test your knowledge.
What you see is what you get; there are no commissions and no hidden fees.
Comprehensive educational packages
Stockpair’s educational material is comprehensive and well-rounded for the average trader. If you are eager to dive into complex strategies, you may have to do a bit more research elsewhere to get the information you need. Personally, I believe that Stockpair’s unique proprietary platform more than makes up for the few times I have to open a new tab in my browser to look for additional information.
Aside from the usual beginners tutorials, explanation of binary options, pair options, and how to trade information, users can use the trade simulator which shows how pairs trading works. In addition, Stockpair offers live webinars for all levels of experience. What I find very interesting is the ‘Manage your risk’ section. Some brokers are a bit more hush on the risks involved in trading binary options (although it is less than traditional investments). Instead, Stockpair embraces the notion and strives to help traders understand how to manage it as an inherent part of the trading experience.
Varied deposit and withdrawal options
Stockpair ensures that traders have as many options as possible for making deposits into their account and withdrawal funds. It accepts Visa, MasterCard, and Amex transfers, as well as many major debit cards and wire transfer. If you prefer, you can also use Moneybookers, Paypal, or UCash.
Stockpair has managed to bring together some of the best experts in the industry to offer advice on a continuous basis. Within seconds, you are able to speak with a qualified agent over the phone or via live chat. Local national numbers are available for many countries, which makes this department accessible to anyone around the world. Email is also available for less pressing matters.
Stockpair takes security issues very seriously and as such, as put in a place a system that aims to prevent money laundering and other fraudulent activities. This means that when you use the withdrawal system for the first time, you will need to send Stockpair a few supporting documents that proves your identity and location. Some traders may feel this is a hassle but personally, I would rather have to go through a few extra steps to ensure that my personal identity and financial information are secure.
Demo accounts are available via live funded accounts. If this option interests you, you must speak with your account manager to have it set up. Keep in mind that you will be asked to deposit a minimum of $500 to access it. Honestly though, this platform is so incredibly easy and fun to work with than I do not feel like signing up for a demo account is necessary.
Stockpair is all substance and no fluff; whether you want to try trading pairs or stick to binary options, this company will make sure that your experience is a positive and fulfilling one. Traders are a vocal bunch so the fact that there are literally no bad reviews of Stockpair online means a lot. Stockpair’s uniqueness is what draws traders to the firm, and once they are in, they are hooked. For a broker that is dedicated to providing the utmost customer experience, I strongly recommend Stockpair.