StockPair is a binary options brand operated by Nextrade Worldwide Ltd. StockPair operates with CySEC license 229/14 and has been in operation since 2010, making it one of the oldest binary options brokers around.
PLATFORM AND TRADE TYPES
StockPair operates with a proprietary trading platform which was developed in order to enable it offer the unique trade types that traders enjoy.
The trade types available for traders to trade on StockPair are:
⦁ Classical (Call/Put): The trade is based on direction and the trader chooses whether the asset will end the trade above or below the market price.
⦁ Pair options: Trade the performance of one asset against a similar asset’s performance.
⦁ KIKO: The Kick In, Kick Out option comes without an expiry. The trader simply chooses which of the two strike prices that sit on both sides of the market price will be touched first. If the choice is right, then the trader gets the payout.
STOCKPAIR DEPOSITS AND WITHDRAWALS
Transactions can be conducted in GBP, EUR and USD.
⦁ Deposits: The minimum deposit amount is 250 units of the currency in which the trading account is made. Deposit methods include bank wires, Skrill, CashU and credit/debit cards.
⦁ Withdrawals: The minimum withdrawal amount is 100 units of account currency. Withdrawals are made to the same channels as the deposits. Withdrawals to credit cards have limits and any excess must be sent back to the trader using bank wires.
Minimum investment amount for any trade on StockPair is 20 units of currency, while no more than 6,000 units of currency can be invested into a trade. Withdrawals are fastest using credit cards and e-wallets; these are usually concluded within 1 business day. Withdrawals using bank wires may take up to 5 business days.
BONUSES AND PROMOTIONS
StockPair offers a welcome bonus. This is based on the initial deposit amount.
⦁ Deposit <$500 = 20% bonus
⦁ Deposits above $500 = 40% bonus.
Traders can also get cashback bonuses. Cashbacks are ways in which traders can get their initial deposit back in cash after trading a certain volume within a specified time frame. The cashbacks are based on account type:
⦁ Silver: There is no cashback for this account type.
⦁ Gold: 1% cashback based on a minimum trading volume of $20,000.
⦁ Platinum account: 3% cashback based on a minimum trading volume of $50,000.
⦁ VIP: Custom. The exact cashback amount is negotiated between StockPair and the trader.
Customer support on StockPair can be reached using several channels:
⦁ Phone: Various numbers. Use the Contact Us page to get the number for your region.
⦁ Live chat
⦁ Email: email@example.com
PROS AND CONS
What are the merits and demerits of using the StockPair trading platform?
⦁ The first broker to give the world pair options.
⦁ Regulated broker.
⦁ Responsive customer service which is available in several languages.
⦁ Very few complaints about the broker as their transparency levels are very high.
⦁ Cashback bonuses available.
⦁ There is no demo account available.
⦁ The StockPair platform is not available worldwide due to IP restrictions.