StockPair is one of the trailblazers of the binary option trading industry, and one of its top innovators too. The operation is based in Cyprus and it is licensed by the Cyprus Securities and Exchange Commission (CySEC). Before, StockPair used to have a license from Belize’s International Financial Services Commission (IFSC), a regulatory framework to which they still adhere and which is likely designed to cover their non-EU traders. The company behind StockPair is Nextrade Worldwide Ltd.
StockPair’s claim to fame used to be pairs trading. In fact, the operator was the first one to introduce pairs trading in the binary options industry. All that was a long time ago though, and innovation never took a break at StockPair. Not long ago, the broker introduced its revolutionary KIKO trades, which yet again give binary option trading a new dimension, and an opportunity for traders to apply more creative strategies.
StockPair accept traders from most countries, with the obvious exception of the US. The reason why this exception is “obvious” is that the broker works the sole-market maker business model and not the exchange-based one used in the US.
StockPair are focused on the security of their clients’ funds and data. The monies of their traders are kept in segregated bank accounts, accounts which have no links whatsoever to the regular operating accounts of the company. The banks used for the storage/handling of trader funds are all reputable international institutions.
StockPair use a special, proprietary trading platform, which is designed to be simplistic, but in the same time very straightforward when it comes to the trading of the special option types offered by the broker. StockPair are apparently rightfully proud of the technological superiority they enjoy in this respect over most of their competitors.
Another major advantage to trading at Stockpair is the fact that the operation doesn’t feature any hidden costs or commissions on any of the financial operations done through it. The StockPair customer support is excellent and the returns offered are decent as well, especially in light of the fact that rebates are given above certain trading volumes.
The biggest shortcoming of this age-old binary option operator is that is does not offer a demo account, free or otherwise, therefore the only way to give its platform a try is to make an actual deposit.
As said above, the StockPair platform is a proprietary one. Obviously, for a broker who intends to be a step or two ahead of the pack at all times, this is the only option. The trading platform was created with simplicity and ease of use in mind. All its features can be accessed at a couple of mouse-clicks. The asset selection can be accessed through a roll-down menu. Everything is very clearly displayed. Everyone who’s ever traded binary options will instantly be able to use the software as it was meant to be used.
The simplicity of the StockPair platform is only apparent though. Under its hood, it has a number of unique features and trading tools purring away, designed to make the life of the trader easier in a variety of ways.
The Trading Sentiment Indicator is one of the most readily accessible such tools. It gives traders a hint in regards to how the market feels about a certain trade. The Early Close feature allows traders to bail out of their trades before expiry, locking in their profits, or putting a stop to their losses. All that is but the surface of what the StockPair platform is truly capable. The site offers a handy selection of charts for technical analysis, which come with indicators such as the Bollinger Band, the RSI and the Moving Average. Such a toolset makes technical analysis and the execution of technical analysis-based trading strategies, a cinch for traders. This way, one will not have to resort to third party services delivering the same perks.
The StockPair Trading Indicator is a sort of signal-service in its own right. Created by Faunus Analytics, the Trading Indicator is a sort of market forecast alert provider, which is based on a combination of technical indicators. More specifically, the Trading Indicator predicts in which direction the price of an underlying asset is likely to move. The time frames are 1hr, 4hrs and 24hrs. There are no predictions offered for short-term options, because it’s quite impossible to do thorough analysis for such short time-frames. The estimated reliability of the generated signals/predictions is color-coded, on a scale of 1-10, with dark green being the strongest. The only problem with this handy tool is that it’s only available to those whose account is at least Gold-level.
StockPair Trade Types
This is where the StockPair platform truly excels. While the trade-types they offer aren’t numerous, they are all off-the-beaten-path, and therefore quite interesting and enjoyable. They have two major option classes: Up/Down Binaries and Pair Options.
The Up/Down category features classic Put/Call options, which are the simplest to trade at StockPair. All they require from the trader is to correctly predict whether the price of the traded asset will be below or above its current level at expiry.
The innovative KIKO options belong in this category too. KIKO apparently stands for Knock In or Knock Out, and it’s a sort of option which features no expiry. When trading an option like this, the trader is provided with two price levels: an upper and a lower one, with the current price of the underlying asset in between. The trader than has to predict whether the price hits the lower or the higher of the two limits first. When the price actually hits one of the two limits, that’s when the option expires, outside the money or in it.
The Pair Options section is comprised of fixed and floating pairs. Fixed pairs trading is very simple. One is looking to predict which of the paired assets performs better from the time of purchase to the time of expiry.
Floating pairs are essentially the same, with a bit of twist. While the objective is to determine which of the two assets performs better within a set period of time here too, the start of this period doesn’t have to coincide with the purchase of the option. The beginning of this predetermined period can be set arbitrarily.
StockPair Trading Accounts
The absolute minimum on StockPair deposits is $200. For that sort of money, one will get a non-premium account, which allows access to all the traded assets, but not to some of the special trading tools covered above.
The Silver Account requires a minimum deposit of $1,000. This account-type raises the cap to $6,000 on the total investment amount and to $1,000 on a single investment. It also gives traders a 0.5% rebate deal, if they manage to generate trading volumes in excess of $10,000 per month.
The Gold Account features a minimum deposit of $5,000. The limit on total investment through this account is $18,000, while the limit on a single trade is $6,000. The cash-back rate is 1%, but the trading volume requirement has also been raised to $25,000.
The Platinum Account features a minimum deposit requirement of $20,000. The maximums on the trade and total investment amounts have been raised to $10,000 and $30,000 respectively. The cash-back percentage is 2% and the trade volume requirements associated with it have been set to $50,000.
The VIP account is the most lavish StockPair account from every angle. The minimum deposit is $50,000, and the maximums on the trade/total investment are $20,000 and $60,000 respectively. The cash-back is 3% and the trading volume requirement is $100,000.
Note: We recommend never to deposit more than the required minimum with any broker until you verify that you are comfortable with the platform and that you are able to withdraw your earnings.
The payout ratios on regular binary options at StockPair are in the 80-85% range. On top of this, the cash-back deals described above may offer an additional 3% edge. On pair options, the payouts can be as high as 350%.
StockPair Asset Selection
The StockPair asset selection is outstanding. It covers a mind-numbing number of stocks and currency pairs, as well as plenty of indices, and 4 commodities.
StockPair feature a surprisingly deep education section, which looks rather unimpressive at first glance, but turns into a massive and useful resource once one browses deeper into it. It covers everything from the basics on binary options, to explaining what Pair Options are and how one can trade them. The Trading Strategies section covers fundamental- as well as technical analysis, with special emphasis on the indicators featured in the trading tools section of the site.
Risk management techniques are covered too, and there’s an exhaustive FAQ section, where most questions that traders may have are already answered.
StockPair Security and Verification
All communication from the trader’s computer to the StockPair servers is protected by SSL encryption. In addition to all the software-based security measures, StockPair work with strict KYC procedures, to make sure their services aren’t abused by anyone. To work with StockPair, traders will have to submit copies of a government-issued ID, proof of residence and a credit card.
StockPair support – like the site itself – is available in several languages. We have English, French, Italian, German, Dutch, Spanish and Arabic. The simplest and quickest way to contact StockPair support is through the use of the Live Chat feature. There’s an email form available at the site, as well as a direct support email: firstname.lastname@example.org. The worldwide support number is +44 2030269430. There are such numbers available for the UK (which is the same as above), France (+33 973721005), Germany (+49 4087408121), Italy (+39 0699367406), Spain (+34 911230437) and the Netherlands (+31 208081728).
StockPair Review Conclusion
StockPair is a trusted operator, which has served its customer base well for years. The community vibe is very healthy about the operation. It is a great destination for those looking for uncommon trading opportunities and for various creatively unique strategies to put to work. Its KIKO options are great, as are some of its Floating Pair options. With minimums on single trades set to $20, money management isn’t likely to be a problem at the site.
|Regulated||Yes (in Cyprus and Belize)|
|Supportemail@example.com, email form, live chat|
|Trader Demographics||Everyone, everywhere, except US|
|App compatibility||Android, Windows, Mac, Linux|
|Minimum required deposit||$200|
|Minimum trade amount||$20|
|Customer service||Eager to assist, available 24/7, live chat, email, phone|
|Bonuses||No – due to regulatory requirements|