Stockpair Broker Review 2017
Due to numerous complaints regarding Stockpair we have decided to revoke our endorsement of this broker.
We recommend you check out our top rated broker list and avoid being their next scam victim.
- US Traders
- 140+ Assets
- 2-3 Day Payouts
- Mobile Friendly
- Low Min. Trade
Stockpair was founded in 2010 and is a subsidiary of Nextrade Worldwide Ltd, located in Limassol Cyprus. As well as being licensed by the Cyprus Securities and Exchange Commission (CySEC) they also act in accordance with the MiFID. In fact they are so heavily regulated that they also offer protection of up to $20,000 for their clients' funds.
As a European broker they don't accept new clients from the US however before new regulations they used to, still having many US customers on their books. As the name would suggest Stockpair not only offer the more traditional call/put or high/low trading, they also offer pairs trading, a combination of Forex and binary options.
Choose between 2 assets and decide which will perform better. This opens up more choice to customers and gives them more chances to make a profit. Their pairs trading isn't the only thing that sets them apart and they have built a good reputation on a number of factors. Their trading platform is among the best in the industry and their record for dealing with complaints is also very good.
We take a look further into Stockpair and with this review we wil will answer:
- What it is about Stockpair that sets them apart from other options brokers
- How easy is it to use their trading platform both on desktop and mobile
- What types of trading and payouts they offer and the bonuses they award
To begin our Stockpair review we want to open a basic account and start trading. The minimum deposit is $250 with a minimum trade of $20 however for those more serious about trading there are premium accounts on offer.
There are 4 different premium account types offered with the entry account being the Silver Account. The account is immediately upgraded to the next level as soon as you reach the required criteria. All accounts include free use of an official Stockpair demo account to get you that valuable practice time if needed.
The Basic Account requires an initial deposit of $250 and the minimum trade is $24. Successful trades attract profits of up to 82% but benefits are limited to the standard 24 hour customer service access and a professional chart.
Minimum deposit is $1,000 which comes with the added benefit of trade control. There is also 0.5% cash-back available which is dependent on a trading volume of $10,000 being met.
Minimum deposit is $5,000 and cashback of 1% is offered as long as a $25,000 trading volume is met.
$20,000 is the minimum deposit for a Platinum Account with 2% cash-back available upon a trading volume of $50,000 is met.
Once $50,000 is deposited the account becomes a VIP Account and 3% cash-back is available upon $100,000 trading volume being met. As you would expect this level of account also attracts other benefits.
Trade Types And Payouts
Payouts vary but the maximum you can expect from a successful trade with Stockpair is 85%.
In terms of trading types the options are simple. There is the traditional Call/Put options and one touch trading with short expiry terms of 60 and 90 seconds available for those who like a more fast paced trading experience.
But there is more, Stockpair is different to other brokers in that they offer pair options trading in addition to the above. Pair options trading allows you to predict the outcome of 2 assets and which will perform better. There are 2 different types of pair options available.
Floating Pair Options
The trader can make adjustments to the trade at different predetermined time frames in the trends. As this is a more risky form of trading the return is generally larger.
Fixed Pair Options
With Fixed Pairs you can only predict the outcome of the pairs at the time of expiry. It is less risky but carries a smaller payout.
Latest Winning Trades
Bonuses And Promotions
Stockpair like their traders to do well and believe that a good bonus will help them to trade off the bonus than risking their own money. This is why they offer bonuses of up to 100% of the initial deposit. A deposit of $500 or more is all it requires to receive up to 100% bonus. For those new to trading this is a great way to get used to the platform using the bonus money before trading your own cash.
As well as offering deposit bonuses they also offer a rather attractive cash back reward. Based on the trader reaching a certain level of trading depends on the size of the bonus. With a gold account as long as the trader has reached $25,000 in trading volume they can expect cash back of 1%. When you reach higher levels with the platinum and VIP account this increases to 2 and 3%.
Binary options trading has changed significantly in the last few years. As mobile consumption increases so does the way that we live our lives. Gone are the days where you had to be in front of a laptop or desktop computer to trade or invest. Now everything can be done with a device in your pocket. That is why it is so important for brokers to invest in their mobile offering. Being able to trade from a mobile device ensure consistency and being able to check progress of your trades on the move.
Not only have Stockpair made sure that they have a good mobile website for phones and tablets but they also have an fantastic mobile app. The mobile app is easy to use and offers variety to the trader meaning that they only need to be online to carry out trades easily and effectively. You can get this app for your iOS device (iPhone and iPad) and also Android from the relevant app store.
Deposits And Withdrawals
Deposits can be made just as with any purchase you make. Simply use your credit or debit card, bank wire transfer or one of the many web wallet options available. Simply deposit your funds and start trading. To open a trading account a minimum deposit of $250 dollars is required.
When withdrawing money the first time it can take a little longer. This is because there is a verification process on the site that requires photo identification. Once you have completed the identification process and made a withdrawal once or twice it does get much easier though. They don't charge for bank wire transfer withdrawals and it only takes a couple of days for the money to reach you, this could be longer with credit cards. With Stockpair you can withdraw as little as $20. Make sure your account is fully verified to avoid any withdrawal problems. The most common cause for withdrawing refusal is a lack of proper identification.
There are many features of Stockpair that we could shout about. Firstly is the introduction of pair options trading which is a simple way for traders to enjoy their trading experience, especially if they are new to the world of binary options. In addition to their trading types are the extra incentives like cash back for reaching certain trading volumes. This is more applicable to the more committed trader that likes to trade in higher volumes.
Their generous bonuses and variety of assets also make them a good choice with traders and the fact that their website is so easy to use and offers such a good mobile trading experience. They don't make it complicated for users in fact just the opposite, the whole experience is designed to make life easier for the trader and to keep them coming back again and again.
Their level of regulation also should offer comfort and confidence to traders that are wary of where they invest their money and with protection of up to $20,000 on clients' funds and regulation and licensing in Europe they certainly seem to have it covered.
Expert Broker Reviews
When it comes to bad reviews you will struggle to find many for Stockpair . There will always be complaints when it comes to financial investments and a disgruntled trader who has lost their money but Stockpair have an excellent customer support team that really know how to look after their customers.
Right at the top of the website on the desktop is a contact us link that takes you through to a page offering a whole host of options to get in touch. There is live support, a list of phone numbers for various countries and an e-mail contact form. As well as this there is a link to FAQ's. Nothing is hidden. They have thought of everything down to the "best time to call" section on their "contact us" form.
Here we're going to wrap up our Stockpair review. It is hard to find anything wrong with Stockpair as a binary options and pair options broker. They certainly seem to have thought of everything. Like any good business their focus seems to be on attracting clients and keeping them happy. By making sure the trader has everything they need it means they are less likely to go looking for another broker. They aren't after making a quick buck. They want to win the trader's business and keep them. They look after their clients from the bonuses they offer to the way in which they deal with complaints.
Their regulation and licensing is clearly important to them and is proudly displayed on their website. Not only are they licensed by the most recognised licensing system in the industry, CySEC, they are also regulated in Europe by MiFID and client funds are protected by the ICF. They have also won many industry awards in the last few years.
During our Stockpair review we carried out extensive research and found no warnings to imply this broker is a scam and there were no significant complaints to note. If you are looking for a broker that offers great support, an easy to use and efficient platform and good payouts then Stockpair could be just what you are looking for.
Reviewed by: BinaryOptionsExpert.net
More Broker Reviews
Is Stockpair legit, will they scam me?
If ever there was a broker that had all the legal regulation boxes ticked it is Stockpair. With licensing from CySEC, regulation by the European Union Markets in Financial Instruments Directive MiFID and protection of up to $20,000 of each clients' funds by ICF they certainly are legit and have it covered. Of all the brokers they are keen to be highly regulated and ensure the protection of the reputation of binary options brokers.
Do they have a decent mobile or tablet app?
No broker can operate in the competitive world of binary options trading without having considered the advancements in technology. With mobiles being part of everyday lives people what to be able to trade on the move. They don't want to be restricted to office hours and have no access to the platform whilst away from their desk. For serious traders they need access 24/7. Stockpair ensure that they provide for this with their mobile offering.
What bonus do they offer for new traders?
Bonuses are generous and for those who deposit $500+ there is 100% match deposit when you open a Stockpair account. There are also very generous cashback rewards for reaching certain trading volumes. If you have a silver account and reach a certain level of trading you receive 0.5%. If on the other end of the scale you have a VIP account you will be rewarded with 3% cashback a long as the criteria are met.
Can I start trading on a free demo account?
Yes Stockpair offer a free demo account. You do have to open an account with the minimum deposit to be able to use the account. As with many demo accounts it is just like trading on the live platform although the money is not yours and you are not risking anything. This is an ideal way to get used to trading and to get used to trading on the Stockpair platform. There is a time limitation so the demo account is only available for a short time.
What's the minimum deposit and trade amount?
The minimum deposit required to open a Stockpair account is $250 which is not unlike many of their peers. In fact $250 tends to be the norm when it comes to minimum deposits. To trade on the Stockpair platform a minimum trade of $20 is in place. For those that are new to binary options trading it is wise to start trading on the free demo account to get used to the platform before risking your own money.