Stockpair (Inactive) Review
Stockpair is no longer operating as a binary options broker. The review presented below is no longer applicable and is presented for archive purpose only.
Stockpair is a unique binary options website owned by NXB Financial Services Ltd., a Belize company regulated by the country’s IFSC. Previously the broker was operated by Nextrade Worldwide Ltd., a Cyprus-based company. What makes Stockpair so distinctive is that along with offering standard High/Low binary options, they also allow traders to trade stock pair options. With stock pair options, you are ale to profit from the relative performance of one stock to another. This concept may be familiar to traders who have traded Forex before, where one currency is traded relative to another. Stock pair trading is the same thing with stocks. We’ll discuss the process in more detail below.
Stockpair Account Tiers
One great thing about Stockpair is that they accept customers from the US and around the world. Within minutes, you can open account and start out with as little as $200 or equivalent in Pounds Sterling or Euros. There are numerous deposit methods available including credit card, wire transfer, Skrill, iDEAL, and CashU. There are no fees for deposits, withdrawals, or trading. There is a minimum withdrawal amount set at $20, but this is nothing compared to many other binary options brokers, who set the limit at $100 or more.
Another exciting feature of Stockpair is their different account tiers. While you can start out with $200, you can upgrade your account by deposing more money and confirming your identity through the advanced registration process. Above the basic level, there are four more tiers: Silver, Gold, Platinum, and VIP, each with a different deposit amount. $1,000 is the starting deposit for a Silver account. The top account, VIP, is only open to investors who are able to deposit $50,000. It’s reassuring to see a broker which is aiming its services at professional traders, while still making the markets accessible for traders with smaller accounts.
Along with the basic educational materials at the bottom of the site (FAQ, how-to pages, video tutorials—the “demo” is not a demo account at all, but another video tutorial), there are additional educational resources and trading tools open to traders at the different account tiers. Some of these include indicators, trade control and risk management features, strategy training, daily market review, and assistance from a personal trade expert.
How Pair Option Trading Works
The trading platform Stockpair uses is proprietary, and it has some unique features and capabilities which are very exciting. You can trade on your home computer or on your Android or iPhone. Trades start out at $20 and run as high as $600-$6,000 (it depends on the account tier you are in). There are 109 different stocks, currencies, indices, and commodities you can trade.
There are two ways to trade on Stockpair. You can either do standard High/Low binary options trades, or you can do stock pair trades. Here is an example of a stock pair option which you could trade. You might navigate to the trading platform and then click on the Facebook/Google pair option. You are asked a very basic question by the platform: “Which will perform better? Facebook or Google?”
Then all you have to do is decide, based on your knowledge, which stock will outperform the other within a given time period. If you choose the higher-performing stock, then you win your trade. If you don’t, you lose the trade. You can win returns up to 83%, though there is no out-of-money reward. What is interesting about the stock pair options is that you can profit from a stock even if it is falling, assuming it still outperforms the other stock in question. Traditionally speaking, stock traders profit off of gains and not losses. So it is very interesting to be able to profit from a falling stock in this manner.
Customer Service and Reputation
Stockpair is loosely regulated, but has been around since 2009, and has had plenty of time to build up a great reputation. They have won a couple of awards, and were listed as being among the top brokers by several websites in 2012. There are a variety of ways you can reach customer service, including via web form, email (there are different addresses for different departments and inquiries), telephone, or live chat. There was no one staffing the live chat desk during a weekday during standard trading hours when we checked, but this may have been an anomaly given the company’s strong reputation for good service.
Stockpair is probably one of the most unique binary options websites you are going to find. Whereas most binary options sites specialize in offering High/Low, One Touch, and Boundary options, Stockpair offers a genuinely exclusive service by allowing traders to trade stock pair options. If stocks are something which you excel at trading, having a new means of profiting from stocks even in falling markets can be very enticing.
The other impressive feature of Stockpair is their selection of account tiers. Binary options websites typically aim to bring customers on board who have limited funds and are looking for low entry barriers. Stockpair offers accounts designed for these customers, but also offers access to companies and individuals with a lot more funds to trade.
The implication here is that Stockpair is in search of long-term and professional customers—not just customers who are casually trying their luck in the stock market and who aren’t going to last long in binary options. It is also interesting that Stockpair allows account holders with larger accounts to invest more money than smaller account holders, almost as if they are trying to help enforce proper money management principles.
To all indications, Stockpair is a good broker with exciting trade types and services backed up by a strong reputation. Whether you are in the US or another country around the world, and regardless of whether you have a large or small bankroll, Stockpair is a broker that should interest you. Have a look at their site and features, and check out their account tiers to figure out whether an account at Stockpair may be right for you.Stockpair (Inactive),