StockPair Broker Review
As a company StockPair offers something slightly different to many of the current crop of binary options brokers.
The main proposition provided is Pairs Trading. These offer a new dimension to trading and complement the standard Binary Options contracts also offered by the broker.
The company was established in 2010 and is operated by Nextrade Worldwide Ltd. It has built up a reputation for providing good customer support.
Telephone: +44 2030269430 (Worldwide), +INT
Email: [email protected]
Trading Platform: StockPair Platform
Demo Account: Yes
Minimum Opening Deposit: 200 units of account currency
Minimum Trade Amount: $25
Profitability / Rebate: 65- 81% / 0
Account Holding Currency: USD, EUR, GBP
Accept US Traders: No
One of the key selling points of StockPair is evident in the name of this binary options broker. As well as offering conventional higher/ lower trading contracts it specializes in providing Pairs Options. These work by paying out if you can predict how the price of two different assets will move against each other.
For example, you might want to trade the price of Google against Facebook. On the contract you would select whether you believe that the price of Google would gain more than Facebook by expiry. Or you could trade vice a versa. It is up to you.
Pairs option trading is attractive as it offers a different set of trading opportunities. These contracts are good when you don’t know which direction the market is biased to. On these occasions it is much easier to find a pair of stocks and profit from changes in their relative value. Pairs are particularly suitable for trading when you know that fundamental news is due on one of the assets in the pair.
StockPair does of course also offer conventional binary options contracts. These are available within the same trading platform and offer a wide selection of assets and expiry times to trade. expiry times from five minutes are available. You can earn up to 85% on many contracts.
A decent charting facility with the option to add some basic technical indicators completes the package, making the Stock Pair binary options trading platform a favorable alternative to many of the current crop of white-labelled platforms.
One thing to note however is that there are no rebates for out-of-the-money contracts. However you can chose to close out of some contacts early by using one of the many trading tools offered.
Options Types Offered
- Call/Put - The classic binary option contract. With this contract you can profit from the price of an asset moving either higher or lower. Get it right and you profit at the expiry time.
- Pairs Options - Pairs contracts allow you to wager and profit from how the price of two assets perform against each other.
To open an account with StockPair you will need to make an initial deposit of $200. Only one account type exists, so you won’t have to make any initial decisions on the account level to choose. The same great feature and levels of return are open to all traders. This is a nice feature.
You can hold an account in US dollars, (USD), Great British Pounds (GBP) or Euros (EUR). Just stipulate the currency that you want to trade your account in at the time of opening.
At present there is no dedicated mobile trading app. However the web based trading platforms can be accessed from a conventional a browser application on a mobile device.
There are several methods that you can use to deposit funds into your StockPair account. Debit and Credit cards are accepted as are Bank Wire transfers. Some third party payment processors are also now available. These include the popular Cash-U, GiroPay and Skrill.
As with most brokers withdrawals are made in the first instance to the original deposit source. Processing time is normally two working days from the receipt of the request. There no fees for withdrawals.
StockPair has built up something of an enviable reputation for client support within the industry. This is an important consideration when choosing your broker.
There are a number of ways in which you can contact the broker. These include email, online chat and via a dedicated support telephone number. A wide range of languages are supported. This is designed to help assist traders from all areas of the globe. Languages currently supported include English, French, Spanish, Dutch, German, Italian, Greek and Arabic.
StockPair Deposit Bonus
StockPair offers a range of changing promotions and deposit bonuses for both new and existing clients. The current offer provides a 100% deposit bonus for first time traders opening a new account. It is worth nothing however that to earn the full 100% deposit bonus you will need to deposit $500 into your account.
Initial account bonus are limited to one per customer. Existing clients can also earn bonuses from time to time. Conditions and associated terms on these vary and so should be checked for each promotion.
Forex - EUR/USD, GBP/USD, USD/JPY, USD/CAD, EUR/JPY, EUR/GBP, USD/TRY, USD/BRL, USD/RUB, USD/EGP, AUD/USD
Commodities - Gold, Silver, Gas, Oil
Stocks - Apple, AEGON, Ahold, AIR France, Amcor, Amazon, Aberrcombie & Fitch, AOL, Aviva, Boeing, Barclays, BHP Billiton, Baidu, BMW, BNP Paribas, BP, British Telecom, Credit Agricole, Caterpillar, Commonwealth Bank of Australia, Costco, Cisco, Daimler, Deutsche Bank AG, Deere & Company, Electronic Arts, eBay, Exxon Mobil Corp, Redd Elsevier, Ford Motor Company, Facebook, FedEx, General Dynamics Corporation, General Motors, Google, GAP, Goldman Sachs, GlaxoSmithKline PLC, Hasbro Inc, The Home Depot, Heineken, Hewlett-Packard Company, HSBC, IBM, Juniper Networks, JP Morgan Chase, Kimberly-Clark Corp, Coca Cola, Deutsche Lufthansa, Mattel Inc, McDonalds, Merck & Co, Microsoft Corporation, Origin Energy Ltd, Orica Ltd, Pepsico Ltd, Pfizer, Proctor and Gamble, Prudential, Royal Bank of Scotland, Royal Dutch Shell, Renault, Rio Tinto, Sanofi Aventis, J Sainsbury, Starbucks, AT&T, Tesco PLC, Peugeot Citroen, Unilver, United Parcel Services, Vodafone, Verizon Communications, Westpac Banking Corp, Wesfarmers Ltd, Wal-Mart Stores, Woolworths, Yahoo, Zynga
Indices - FTSE100, DAX, Dow Jones, NASDAQ, CAC40, S&P500
Stockpair Review Verdict
- The best range of Pairs options contracts make this broker unique
- Large range of assets to trade with a particular focus on Stocks
- An easy to use trading platform with good returns on offer
- Limited range of contract types compared to some brokers