Stockpair Broker Review
Stockpair is managed by Nextrade Worldwide Limited and authorized and regulated by the Cyprus Securities and Exchange Commission (License No. 229/14). Their main objective is to offer traders from around the world, a first class trading experience and excellent customer support as much as possible.
What makes Stockpair unique is the fact they major in pair options. As a matter of fact, they initiated the concept of pair trading into the binary trading industry. They have also recently introduced KIKO options, which is another way of trading binaries. This tells you that there is always something new to look forward to with Stockpair.
Stockpair has binary traders from over 100 different countries globally.
Stockpair Trading Platform
Patent pending proprietary trading platform is what Stockpair uses as its trading platform. This platform has been designed in a simple way to allow clients to trade financial markets without hustle. Traders can choose to invest between $20 and $6000 depending on how much they want to risk.
Apart from the fact that the platform is easy to use, it also comes with a variety of tools and features, which will enhance the trading experience of its clients irrespective of whether they are experienced traders or beginners.
The platform also features trading indicator and technical analysis charts. Both the trading indicator and technical analysis charts are Stockpair unique innovative feature that acts as the market forecast alert that is derived from technical analysis, which helps improve the trading odds of the traders by predicting the direction an asset is likely to move in different time frames.
Considering that there is increasing number of mobile users in the world, Stockpair.com also offers traders the convenience of trading from anywhere through downloadable mobile apps.
It is compatible with IOS and Android mobile devices. You only need to download the mobile app and you can trade even when you are on the move.
Stockpair Trade Types
As already mentioned, Stockpair offers pair options and Up/Down binaries. The Up/Down binaries can be divided into KIKO options and classic binaries. The classic binaries are the easiest type of binaries that anyone can trade with because you are only required to determine the prices that will end higher or lower than the entry price when the options are due.
KIKO works in a similar manner as one-touch options but allows players to determine whether the prices will hit the lower or the upper price barrier first. If a trader determines correctly the barrier prices, his/her trade will expire in the money (ITM).If the prices hit the opposite of what had been predicted by the trader, the trade will expire out of money (OTM). On the other hand, there is no expiration time for KIKO options. Therefore, the trade will continue until the prices hit the predetermined price barriers.
There are two categories of pair options. This includes the fixed pair and the floating pair. In fixed pairs, the outcome of the trade is decided depending on the performance of 2 chosen assets in relation to each other from the time of purchase to the expiry time. Floating pairs trade outcome is based on the performance of the assets in relation to each other during a predestined period, which could be a day or even a month.
Stockpair.com understands that each trader has different needs. As such, it offers one type of non-premium account and four types of premium accounts to its players. With the non-premium account, traders can deposit a minimum of $200. This is usually a great account for beginners and even low stakers. Premium account holders such as Gold account can deposit a minimum of $5000 and make a maximum investment of $6000 per trade.
Customer support at stockpair.com is available 24/7 in multiple languages. Stockpair is popular for offering excellent customer service through email, live chat and toll free telephone. For the benefit of its traders, it offers7localized telephone numbers,making it easy for players to call for support.
- Excellent customer support
- Quality and innovative products
- Reputable binary options broker
- Easy to use interface
- Wide array of advanced trading tools and features
- Safe and secure website
- High minimum initial deposit for premium accounts
- Limited options of trading contracts.
It is understood that Stockpair is a forward thinking broker of binary options. They have continued to demonstrate that they are leading in innovation in terms of binary options. They are also have flexible trading accounts, which can be used by anyone including beginners.