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Editor Rating
- 5/5 – Excellent
- StockPair.com review
- Website: http://www.stockpair.com/
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Review Summary:
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With the emergence of online binary option trading, it is becoming more and more critical for traders to understand which platform is best to fit your individual needs. Established in 2010, StockPair does more than just provide brokers with binary option trading but they give brokers the ability to pair-off assets against each other which helps predict which one will out perform the other. This unique selling point is what makes this binary options broker a real cut above the rest.
Table of contents
About StockPair
If you’re looking to trade something familiar and exciting from the comfort of your home, StockPair may be just what you’re looking for. StockPair is one of the most highly regarded Binary Options and Pair Options trading platforms available online and provides one with the option to choose from 100 different trading assets. The StockPair binary options online trading platform is:
• User-friendly
• Hassle Free
• Easily Accessible
From beginners to experts, the service allows for instant access and requires no download and setup whatsoever for the end-user’s convenience.
Top Features Of StockPair
StockPair’s trading platform is overall quite unique and intuitive to use. You can easily select between binary options or pairs and then select which underlying assets/options you would like to trade. Expiry times range from anywhere between 5 minutes to 150 days depending on your trade and you can choose between small trades of $20 (the minimum) to a maximum of $6,000.
The interface is also quite simple, chic and easy to use. Selections are clearly highlighted and once you have chosen the direction of the trade you will be shown exactly how much you stand to gain including the return percentage. The platform is also unique in how it chooses to present its options. One example of this is the ‘sentiment’ tab. No, this has nothing to do with your feelings, but whether the option you have chosen is likely to move up or down as well, as the daily history showing the assets rise and fall over each day. This is a fantastic basic daily overview of what might happen. However one should still also do his/her own analysis to back up what these indicators are suggesting. That said, it’s still nice to have the help and insight from an expert platform such as StockPair.
StockPair’s live trading platform is really the company’s key feature. It allows user to make instantaneous traders on all the major markets including Commodities, Stocks, Currencies, Indices and Pairs, totaling over 100 tradable assets from 8 different markets spread out around the world. The unique StockPair platform features flexibility and high profitability with the potential for huge returns of up to 350% per trade. StockPair offers something for all types of traders. The StockPair platform also features several popular instrument types, including options such as One Touch, High/Low, and thereby making it appealing and accessible to just about every type of trader.
Pair trading options are also truly unique features that you won’t find at your average broker, and StockPair also features this service. Pair Options also allows one to trade in relative performance of one stock vs another. This offers you the benefit of potentially profiting in either a bullish or bearish market and it works by trading with pairs of stocks instead of currencies. For this reason alone, StockPair is able to set itself apart from other binary trading services in the marketplace since this is unique only to this service.
StockPair is a trading platform well worth checking out because the service provides many tools and resources to traders, particularly those with premium accounts. Most binary options sites don’t cater to traders with large bankrolls, whereas this one does, which tells us that they are looking for serious customers. At the same time, they don’t make it difficult for small account holders to trade or withdraw their money.
StockPair offer traders a unique way of engaging the market and benefiting even in situations where the market is bearish, which is something traditionally associated with currency trading. Even when two stocks are both dropping, you can feasibly make money just by betting on the one that is falling more gradually. The ability to control what you trade enables the trader to set limits for your losses before you enter a trade so that you know exactly what your risk is. Remember to come up with a trading strategy which provides reliable results before you trade live, and since there is no demo account, it is especially important to back test your techniques on historical data beforehand.
StockPair Prices
Opening an account at StockPair is unsurprisingly easy and reasonably priced and only takes a few minutes. After you enter some details your account will be ready for trading, provided that make a deposit for trading funds. The minimum deposit is actually low compared to other brokers, at a meager $100. Although it’s not necessarily recommend depositing only $100, it is of course nice to have that as an option. StockPair’s platform also offers premium accounts with some impressive benefits to the more serious traders, and high depositors receive special features according to the deposit amount.
The company understands that each trader has his or her own style of trading and needs and therefore there are four plans to choose from. There is everything from the Silver plan which requires a minimum balance of $100 to the VIP plan which requires a minimum balance of $12,000. The nice thing about StockPair is that one’s account is automatically upgraded to the next highest account once you reach the required deposit level.
Criticism Of StockPair
Much of the StockPair system contains numerous benefits that any binary trader would be happy to have in an interface. There still are a few drawbacks to the product that could lead to a little frustration. The biggest con is that you can’t trade after the markets close. There are some binary trade products that allow for this, but StockPair is not one of them. There is also a no refund policy when trying to get out of a money trade. These are drawbacks that many of the binary options platforms simply don’t have. There is also a little bit of a learning curve when trying to operate the platform which can take some time to get used to and as such can really take time to learn. All in all, it will be a worthwhile investment though.
Customer Support
Customer service and support is probably the most important aspect of any broker since it basically shows how much they care about their customers. StockPair seems to have taken this to heart, since their customer support system seems to be working without a hitch. The company offers email support, along with local telephone support in 11 different countries, and of course has online chat. The general consensus on comment and blog sites seem to be that StockPair has been diligent in getting back to consumers in a timely manner. The average response time for e-mails and phone calls is 18hrs and immediately 24/7 for online chat.
Final Say
If you’re a trader looking for an exciting new way to diversify your portfolio or create real financial success, then the odds are fantastic that you will fall in love with what StockPair brings to the table. That said, you will want to pay more than a little bit of attention to the different nuances and details involved in this operation, as they will be a slightly different than other trading platforms in the industry.
