StockPair is a suitable binary options broker for those who wish to invest in both binary options and FX/CFD trading. The broker does not offer any bonuses or demo accounts, and the customer service department also lacks the professional approach. On the whole, StockPair is a genuine company that may need some improvements over time.
StockPair Trading Outline
It is common for companies to evolve and change their strategies to meet the demands of the markets. In their attempts to capture a significant share of the retail investors, companies are known to indulge in different tactics to penetrate the global financial industry. It is also common for brokers to indulge in unfair business practices to improve their revenue, which always ends up in a disaster.
StockPair is an active binary options broker that has many years of experience to its name. The broker not only concentrates on the binary options market but also offers FX and CFD trading as a part of its online services portfolio. Nowadays, traders have numerous choices in the market to choose a binary options broker that suits their preferences. Therefore, StockPair has developed an intuitive binary options product that attempts to impress traders to force them into choosing StockPair for their trading needs. In this StockPair broker review, you will be able to discover all the financial products and the trading performance aspects that traders can experience through the StockPair trading platform.
StockPair Company Information & Safety Of Funds
StockPair has been through some ups and downs throughout its time in the financial markets, and there was a time when the company was regulated by the CySEC (Cyprus). However, that is no longer the case, as StockPair is now regulated by the International Financial Services Commission (IFSC) of Belize. StockPair has obtained its regulatory status under the NXB Financial Services Ltd. brand name, which is a company registered in Belize and responsible for adhering to all company rules and financial regulations imposed by the IFSC.
StockPair has been around since the early 2010s and has been consistent in its service offerings, despite the change in ownerships and regulatory licenses. The company did enjoy some amazing perks when it was a part of the EU regulation, but under its current regulatory licenses, StockPair not be as credible as it may have seemed in the recent past. Belize is a Caribbean tax haven that is known to provide an easy regulatory environment for member companies. Financial institutions also move to Belize to take advantage of the low-cost environment. For that reason, IFSC continues to be one of the more popular financial destinations for FX and binary options brokers, and not so much in the case of retail traders and other global investors.
Despite the IFSC’s seemingly lower regulatory prowess than its EU or US counterparts, StockPair has understood the importance of offering a highly secure trading environment to its traders. In this regard, StockPair uses segregation of funds to keep clients funds in segregated accounts and holds them in client-specific bank accounts at top-tier international banking institutions that have an enormous amount of reputation. StockPair also meets several capital adequacy requirements that enable it to meet clients’ debts without falling into bankruptcy or other financial troubles. Hence, StockPair offers one of the safest environments that protect traders’ investments against financial malpractices.
Choosing StockPair Assets For Binary Options Trading
There are numerous Stockpair underlying assets that give traders a chance to invest in their most preferred products from an exhaustive list of financial instruments. The ability to choose any popular asset from around 100 different types of Forex, commodities, stocks, and indices options does allow all types of investors to enjoy the best trading experience at StockPair. Of course, the financial instruments may not be as great as the ones offered by the top brokers in the industry, but they do provide a fairly respectable choice for traders without making any compromises. We have provided the entire list of financial instruments available at StockPair for your consideration:
Forex: AUD/JPY, AUD/USD, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB
Indices: AEX Index, ASX 200 Future, CAC40 Index, CAC 40 Future, DAX Index, DAX 30 Future, DOW JONES Future, DOWJS, FTSE Index, FTSE 100 Future, IBEX 35 Future, NASDAQ Index, NIKKEI 225 Future, S&P Index, S&P 500 Future, MIB 40 Future, TSX 60 Future
Stocks: Apple Inc., Aegon NV, Koninklijke Ahold NV, AIR France-KLM, Amcor Ltd, Amazon.com Inc., Aviva Plc, AXA Group, The Boeing Company, Alibaba Group Holding Ltd, Bank of America, Barclays, BHP Billiton Ltd, Baidu, Bayerische Motoren Werke AG, BNP Paribas SA, BP Plc, BP Plc, British Telecom Group Plc, Credit Agricole, Caterpillar Inc., Commonwealth Bank Of Australia, Costco Wholesale Corporation, Cisco Systems Inc., Daimler AG, Deutsche Bank AG, Deere & Company, eBay Inc., Facebook Inc., FedEx Corporation, General Dynamics Corporation, General Motors Corporation, Google Inc., Goldman Sachs Group, Inc., GlaxoSmithKline Plc, The Home Depot Inc., Heineken N.V., Hewlett-Packard Company, HSBC Holding Plc, International Business Machines Corp., ING Groep NV, Juniper Networks Inc., JP Morgan Chase & Co., Kimberly-Clark Corporation, The Coca-Cola Company, Deutsche Lufthansa AG, McDonald’s Corporation, Merck & Co. Inc., Microsoft Corporation, Netflix, Inc., Origin Energy Ltd, Orica Ltd, Pepsico Inc., Pfizer Inc., The Procter & Gamble Company, Prudential Financial Inc., Royal Bank of Scotland Group Plc, Royal Dutch Shell Plc, Renault SA, Rio Tinto Ltd, NK Rosneft’ OAO, Sanofi Aventis SA, Sberbank Rossii OAO, J Sainsbury Plc, Starbucks Corporation, AT&T Inc, Tesco Plc, Tesla Motors, Inc., Twitter Inc., PSA Peugeot Citroen SA, Unilever NV, United Parcel Service Inc, Vodafone Group Plc, Vodafone Group Plc, Westpac Banking Corp, Wesfarmers Ltd, Wal-Mart Stores Inc., Woolworths Ltd, Woodside Petroleum Ltd, Exxon Mobil Corporation, YAHOO
Commodities: COFFEE, COPPER, CORN, GAS, GOLD, OIL, SILVER, WHEAT
StockPair also offers the opportunity to trade pair options, which are available as both fixed and flexible pairs. Pair options enable traders to bet on the fluctuation of the price between two comparable products. Pair options are an excellent binary options products, and StockPair is one of the fewer companies that provide pair options along with the standard binary options products.
StockPair Fees, Payouts, & Binary Options Products
StockPair is transparent about its pricing and does not charge any fees for binary options trading. All products and services follow a standard set of terms and policies, which are guaranteed by the broker’s IFSC regulatory compliance. Traders will not have to account for any additional commissions or hidden costs of trading, aside from the costs specifically mentioned for other aspects of maintaining an account at StockPair.
StockPair has a slightly different approach to binary options trading. Although traders have the conventional high/low, other binary options products include the KOKI and Stock Pairs. The KOKI binary option is simply an alternate version of the touch/no-touch and boundary options, which provides slightly higher payouts than the regular options. In terms of ROI, the maximum payout offered for regular binary options is 83%, while the average payout is in the 65% region. The highest payout comes close to the industry standards, but the average payout is nowhere near as expected from an established brokerage.
The touch and stock pair options may provide a higher payout of up to 320%, but that figure is still less than the ROI offered by other leading brokerages. There are also issues with the minimum and maximum investment amounts. Traders will be required to invest a minimum of $20 per trade, and the maximum amount per position is $600. The minimum and maximum investments are ludicrously beyond the industry expectations, as traders can start investing with $1 and a maximum of $10,000 at other competing brokers.
StockPair Trading Platforms
Instead of offering a tried and tested third-party platform, the broker has developed a proprietary trading interface that is more suited to the company’s products and services. The StockPair platform does not deviate from the standard norms adopted by other platform developers and offers all the trading functionalities at a single place. The minimalist interface is divided into four sections, which contain access to underlying instruments, information about the binary options product, a chart, and a trader information section. The trader information section is where users can access their account information and other trading details such as open positions, profit/loss information, and other key trading data that may be relevant to the trader.
You don’t have to download or install any platforms on your device, as trading is accomplished through the web-based interface. Binary options brokers have been known to promote web-trading platforms, mainly due to the limited resources required to run such platforms. Binary options traders may also not require the traditionally popular tools that are popular among Forex and stock traders. Therefore, the StockPair platform indeed performs its duties as expected.
Trading On StockPair Mobile Apps
The StockPair ONTHEGO trading is possible by way of dedicated mobile trading apps for iOS and Android devices. Traders either have the option of accessing their accounts via the StockPair web trader, or they can visit the Apple App Store or the Google Play store to install the binary options trading platforms on their devices. The StockPair apps for mobile follow the same theme as the desktop trading platform, and the same minimalist lines and easy-to-use interface. We never really encountered any difficulties with the mobile trading interface, and it works really well on both smartphones and tablets.
StockPair Minimum Deposit, Withdrawal, & VIP Access
The regular StockPair account for retail traders requires an initial deposit of $250, or 250 units in other local currencies. We are not surprised that StockPair offers its accounts for a minimum investment for$250, as most of the mainstream brokers in the industry stipulate a similar minimum deposit requirement for their accounts. If you are really concerned about depositing $250 with a broker, we can provide other binary options brokers that can offer you a trading account for as little as $1. The broker has also supported a diverse range of payment methods, including Visa, MasterCard, Skrill, SoFort, Neteller, Qiwi, and AstroPay.
Withdrawing funds are also done through the same method that was used to make a deposit. The broker has expressly mentioned a delay of up to 5 days for processing all withdrawals, which is a bit high in our opinion. Regulated binary options brokers make it a priority to initiate same day withdrawals for all clients, and StockPair should perhaps consider lowering its withdrawal processing time to enhance customer satisfaction.
StockPair has also created four different premium accounts for its traders, and are available according to the initial deposit. Traders who are willing to deposit $1000 gets access to the Silver account, while higher accounts such as the Gold and Platinum accounts require deposits of $5000 and $20000 respectively. The VIP account is the ultimate account option at the broker and requires a hefty $50000 as the initial deposit. These VIP accounts contain several advantages such as access to trade experts, an increase in the maximum investment, increased exposure, and monthly cash back option. Therefore, VIP account holders can expect to increase their market exposure to up to $20,000 per position, and a maximum of $100,000 across multiple positions. Traders will get upgraded to the next premium account category after reaching the desired trading volume.
StockPair Bonus Programs
StockPair does not appear to provide any bonuses at the outset, but the broker indeed approaches every bonus on a case-by-case basis. Traders should contact their personal account managers or the customer support department to avail a bonus, and the bonus should realistically vary from 20% to 60% of the deposit. The bonus is of course provided on certain conditions, which necessarily requires traders to transact a minimum volume of trades. Therefore, availing a bonus means that traders cannot withdraw their funds without performing the prerequisite number of trades. Nevertheless, all brokers have some form of bonus terms and conditions associated with their promotional campaigns, and it is up to the trader to decide whether they would like to receive the bonus or not.
StockPair Demo Accounts
Once again, StockPair is among the increasingly larger numbers of binary options brokers that do not provide a demo account on demand. The company only offers a practice account for clients after making a deposit. The broker has also made its platform available as a walkthrough demo, which seems to be the norm for most binary options brokers. Comparatively speaking, there are high-quality binary options brokers out there that provide an unlimited demo account option, but unfortunately, it is almost a paid option at StockPair.
StockPair Customer Support
The customer service department is another weak aspect of trading with StockPair, even though the company has provided a web contact form, a couple of phone numbers, and a live chat feature. The live chat feature takes ages to connect to a customer service representative, and responses to emails or web contact forms can take days. We expect all mainstream binary options trading companies to offer the best customer service to all clients, but StockPair clearly seems to be lacking in this department.
StockPair Training & Trading Features
Learning and trading resources are virtually non-existent at StockPair. The company offers some useful resources that provide in-depth information about the trading policies and other attributes of trading, but when it comes to learning the tools of the trade, StockPair clients cannot depend on a dedicated resources platform. The lack of any training materials shouldn’t put you off, as you can access a large variety of online training resources from several web properties.
- A regulated binary options broker that is registered with the IFSC of Belize.
- More than 100 financial instruments to choose from.
- Offers a reliable trading platform that has a user-oriented trading interface.
- Limited demo option for traders.
- No concrete bonus program.
- Customer service department is not as professional as desired.
How Can I Get In Touch With The Broker?
The broker provides all the usual customer service channels such as phone numbers, email, web contact form, and a live chat feature.
What Are My Account Options?
Regular traders can opt for the $250 standard account, while the broker also offers four premium account options, namely Silver, Gold, Platinum, and VIP accounts.
Is StockPair A Scam?
StockPair has changed its regulatory licenses more than once in the past, but the company is currently regulated by the IFSC of Belize and is not a scam broker.