StockPair is a Cyprus based binary options broker which was established in 2010 and is operated by Nextrade Worldwide Ltd. StockPair is regulated by NXB Financial Services Ltd and holds the license nr. IFSC/60/346/TS/14. They adhere to the strict guideline in the Cyprus Securities and Exchange Commission so it is safe to trade with them. Just like most of the online brokers, StockPair accepts traders of all nations except the United States.
StockPair offers a proprietary trading platform that has simple layout to enable newbies traders to easily become familiar with its features. You can use the drop down menu to select the asset you want to trade. It is up to you to trade on forex currency pair, stocks, indices, or commodities, There are more than 150 assets so you should have plenty of options. There are 14 different currency pairs you can choose from.
The minimum investment amount is $20 while the maximum investment amount is $6,000. Some of the special features in the trading platform are early exit, early sales, trade control, trading sentiment. The technical analysis charts offer Bolliger bands and RSI technical indicators to help traders to perform analysis on the market efficiently.
StockPair offers two types of options including standard up/down options and Kiko option. For the standard up/down options, you simply click on the up arrow if you predict the currency pair will be higher than the starting rate. You would click the down arrow if you predict the currency pair is is lower than the starting rate. The short term options features various expiry time frames including 60 seconds, 90 seconds. 5,10, 15, 30, 1 hour and end of day.
The long term options offer expiry time frames that range from 1 week to 150 days. When you have selected the direction of the price movement, it will display the return percentage you will earn for in-the-money trade.
The average payout rate for the standard up/down and Kiko options is 77% for in-the-money trades. Kiko option is different from the up/down options in that you predict whether the exchange rate of the currency pair will reach beyond or lower than the set boundary.
The boundary keeps on changing based on the most current exchange rate of the currency pair in the market. The sentiment tab at the bottom predicts whether the price of the currency pair is likely to increase or go down. The other tab, History, keeps a record on the movement of the currency pair throughout the day. However, it is recommended that you don’t follow the prediction in the sentiment tab but do your own analysis before place a trade. StockPair also support a mobile platform
Types of Trading Accounts
StockPair offers 4 types of accounts including Silver, Gold, Platinum, and VIP accounts. The Silver account is for newbies traders and requires a minimum deposit of $1000. The Gold account is for traders with intermediate trading skills and has a minimum deposit of $5000.
Platinum account require you to deposit a minimum of $20,000 and comes with a 2% cash back rate. VIP account has a minimum deposit requirement of $50,000 and offers cashback rewards of up to $500,000.
StockPair offers customer support via email web contact form, telephone number, and live chat. StockPair offers telephone numbers for countries worldwide including Canada, Russia, Australia, Hong Kong and Bahrain. The website supports 11 languages including English, French, Spanish, Dutch, Nederlands, and Italians.
Deposits and Withdrawals
Stockpair accepts several payment methods for deposits and withdrawal including credit/debit card, Skrill, SoFort, Neteller, giropay, Qiwi, AstroPay and iDeal. It takes at least 2 business days for them to process your withdrawal request if you withdraw by credit card or bank wire.
If you withdraw by Skrill, they usually only process the withdrawal within a few hours. You must submit your photo ID along with the utility bill to prove your identity when you want to withdraw the funds.
Is Stockpair a good broker?
In conclusion, StockPair is well received because it offers a safe and secure platform where traders can execute their trades at the peace of their mind. It is a good broker that offers a user friendly platform that supports a long list of assets and many advanced trading tools.