StockPair | Expert Binary Options Review by TradersAsset
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August 9, 2022 at 6:44 am #19730johnbutters643Participant
StockPair Review.
StockPair was founded in 2010 by Nextrade Worldwide Ltd, who presently operate out of No 3. Pythagoras Street, Pythagoras Court, 4th Floor, 3027 Limassol, in Cyprus. Nextrade swiftly sought local authorisation for the brand, gaining an official license (no. 229/14) through the Cyprus Securities and Exchange Commission. This CySec regulation alone is a badge of honour in the current binary options industry, yet StockPair pushed one step further, adding their names to the official registers of 22 authoritative regions in Europe, including the FCA in the UK. As it stands, StockPair are welcoming to traders of many regions, but cannot accept US residents as clients.
Beyond their regulatory status, StockPair break the mould with their proprietary platform and unique contract options. They have developed their own set of binary options called Kiko – contracts which favour directional boundaries, without the need for a set expiry. With plenty to offer semi-experienced traders, the broker has done away with staggered account types, offering live trade entry from $250. Upgrades into premium account packages then occur organically as you trade and improve your balance over time. Furthermore, StockPair doesn’t offer 60 second expiries, but instead caters for those who desire higher risk options through their trade entry allowance, which spans up to $20,000 on a single trade – depending on your premium eligibility.
Read on for a balanced overview of StockPairs services and products.
Trading Platform & Features.
The platform provided for by StockPair, is their own patent pending proprietary software. Despite setting their own standards for trade, the developers have clearly taken note of what works best from other leading providers and in their favour, the layout is clutter free and simple. A single chart takes center stage in the terminal, with its accompanying asset and binary options strategy mt4 programming details listed to the left. Along the top, clients can choose from 4 binary options contract settings: Binary, Kiko, Pair Fixed and Pair Floating, and there is little else vying for your attention.
Each of the feature settings will narrow your available asset list for trade accordingly but offers trading opportunities. Kiko is a unique feature to StockPairs. Through this, they have eliminated expiry constraints. Instead, you place a prediction upon an instrument, deciding whether or not it will hit a predetermined high or low boundary first, and then patiently wait on an outcome.
Pair Fixed and Pair Floating allow you to set assets against one another in a bid to predict which will perform better over as a specific amount of time. With Pair Floating, the potential payout percentage for each instrument is determined by their current strength in the market and therefore the lower your odds are, the higher a successful return would be. Pair Fixed allows for an equal payout ratio between the pair, but offers shorter contracts.
Depending on your appetite for risk, you can choose to invest anywhere from $20 – $600 (up to $20,000 depending on your account eligibility) when entering into any of these trades. However, pay attention as the default price is set at $50.
Should you be interested in diversifying your portfolio, trading CFD contracts is the 5th option available on this platform. CFDs are a leveraged product and must therefore be approached with caution and substantial knowledge of the trading process. In an attempt to dissuade novice traders from entering into high risk scenarios, StockPair limits initial leverage to 50:1 for all new clients. At least 10 successful CFD trades must be completed before you are granted the opportunity to increase this ratio. There are plenty of instruments for trade under these circumstances, including commodities, indices and leading forex pairs, but no stock CFDs.
This interface is remarkably well organised and devoid of unnecessary distractions. Useful trading tools such as an overall sentiment bar, economic calendar, technical analysis, a direct link to Investing.com and trading signals provided for by Trading Central, can all be accessed by clicking the links below the main chart. In addition to online login access from any browser, StockPair’s platform has been made into iOS and Android apps for use on the go.
Note: Daily renewal fees apply for CFD contracts held open overnight and automatically occur at 22:00 GMT. This will be charged at a rate of 0.03% of the total value of your position.
Account Options & Payout.
To open an account with StockPair, you will need to make an initial deposit of at least $250, in USD, EUR or GBP. From here on in, you will have access to the platform, most services and be able to conduct live trades if you wish. However, ahead of this you may want to consider requesting a demo experience in order to familiarise yourself with the terminal and binary trading as a concept, binary options education particularly if you’re new to the idea. Demo accounts are assigned at the discretion of your account manager, who will also dictate the account terms (duration and limitations) according to personal assessment.
Following this practical learning experience and some time spent on the live trading platform, you may want to consider the perks of upgrading to a premium package. Each of these accounts come with improved benefits within the package deal, subject to a minimum stable monthly volume and account balance. Each deposit you make will count toward a total deposit amount, naturally pushing you toward a premium account upgrade.
Premium Live Account Packages.
SILVER: Upon hitting the $1,000 – $4,999 mark, you will be eligible for upgrade to StockPair’s introductory level premium account. With the Silver package, users can experience trade control (automated trading feature), a maximum position of $1,000 and maximum total positions of $6,000. Plus a monthly cashback of 0.5% so long as you maintain an account balance of $800 and achieve a $10,000 monthly volume. GOLD: Gold premium accounts are awarded once you’ve deposited between $5,000 – $19,999. Account holders will see an elevated maximum position of $6,000 and maximum positions of $18,000. Monthly cashback is increased to 1% so long as you maintain an overall balance of $2,000 and achieve monthly volumes of $25,000. Trading indicators and a trade expert are also included within this package. PLATINUM: Deposits totaling $20,000 to $50,000 will make you a Platinum Account holder. This title will bring you all of the aforementioned additional perks, with an increase in maximum position to $10,000 and overall positions to $60,000. Cashback will also increase to 2% providing you maintain a balance of $8,000 and trade a monthly volume of $50,000. VIP: VIP Account packages are for the most ambitious traders. As well as a deposits of $50,000+, a trader would have to ensure a monthly trading volume of $100,000 and an overall steady balance of $20,000. However, 3% cash back would be rewarded for these achievements.
Despite the tiered system, all clients of StockPair are entitled to access the same assets and experience the same potential payout percentage upon successful return. Payouts will of course vary according to the asset and contract specification, however we can summarise that this will sit around 80% for standard binary trades and up to 350% for high yielding, volatile investments.
However, in all the excitement do not forget that minimum trade entry is quite high – $20 a pop – so careful risk management strategies should be considered. Particularly when considering the limitations of your investment allowance per trade, which can be anywhere up to $20,000 if you are a VIP account holder.
Banking Options.
StockPair promises a banking experience that is simple and secure. According to the currency you’ve selected for running your account in, these transactions will be actioned in EUR, GBP or USD. Due to the company’s regulatory status and overall concern for the financial welfare of their clients, you will be required to authenticate your account through the Validation page before proceeding. A copy of your passport or alternative government issued ID, a recent utility bill (last 6 months) and copy of your credit / debit card will need to be submitted in order to achieve verification.
Deposits.
There is a minimum opening deposit of $250, £250 or €250. You may choose to deposit through credit / debit card (Visa or MasterCard), Skrill or Skrill Direct. StockPair also offers you the opportunity to complete transactions directly through wire transfer. The minimum requirement for this is set at $500 and processing in this manner often takes slightly longer to complete, however this is an ideal option for those who want to move higher denominations of money in and out of their account. Stockpair doesn’t charge you for this service.
Withdrawals.
The minimum withdrawal amount is set at $20. If you choose to do this via bank wire / bank transfer, you will be charged a fee of $25 for amounts below $500 (no charge for amounts above). Those who choose to deposit with credit cards should also note that when processing withdrawals, refunds will be returned to the card up to the amount of deposit, and thereafter directly wired to your bank account (so take note of the fee mentioned above). Although StockPair strive to process all requests within 24 hours, it can take anywhere between 2 – 7 business days before you see the credit. Submitting the correct verification documents will help speed this along.
Education Resources & Support.
There is a dedicated area to Education on StockPair’s website. This page is divided into subcategories that assist with important factors such as managing risk, account types, trading strategies, market rules, how-to guides and basic introductory materials for online binary options trading. A library of the broker’s general FAQs can also be located here. The how-to guides are literal, short steps that describe how to actively place trades within the platform, using screenshots for reference, and do not explain much beyond this. Aspects of technical and Fundamental analysis are better explored under Strategies, giving some much needed context to StockPair’s resources, and the Trading Market / Rules page seeks to answer pressing questions to do with indicators.
Despite a lack of advanced binary options resources, StockPair has made a few one minute videos to explain the nature of their trading tools, adding at least some variety to the educational materials. Plus, it is of value to note that the trading alerts giving you support within the platform are formed from data provided by investment research provider, Trading Central.
General assistance is the job of the online live chat team, who service clients with most aspects of trading concerns, between the hours of 09:00 – 12:00 GMT on Fridays, and 07:00 – 01:00 GMT Monday – Thursday, in English, German, French, Italian or Spanish. When testing the facility we had our message picked up within seconds of connecting to a chat room. Our agent was prepared to guide us through introductory aspects of the signup process, and willing to answer questions regarding StockPair’s products, whilst abstaining from sales pressure. Alternatively, customer services can be reached by phone, using one of the many regional numbers listed under the Contact Us page. A callback request can be filed directly through the online chat agent, who can request your personal account manager contact you directly.
Why Trade at StockPair?
It isn’t difficult to see why StockPair has gained our approval. This is a broker that has been competing in the industry for seven years, successfully maintaining its audience and its licensed status. Its reputation for financial transparency and compliance is further demonstrated by their registration with multiple regional authorities.
StockPair is designed to cater for the intermediary to advanced traders. Offering them the opportunity to upgrade their accounts, growing their benefits alongside their balance and experience. The products and services on offer through their proprietary platform showcases their understanding of their demographics needs. StockPair provide the ideal environment through which traders can grow into their ambitions, such as high trade entry options and overall open position allowances. There is a diverse asset index packed full of internationally popular instruments and CFDs are a welcome addition to the already impressive selection of contract options.
Supporting these elements is a team that is prepared for the European client base. StockPair has ensured that its traders can contact agents and account managers through online chat, phone and callback facilities, throughout trading hours and in multiple languages.
It is for these reasons, and other factors explored within this review, that TradersAsset is happy to recommend StockPair, rating them 4 out of 5 for their services at this time.If you have any sort of questions regarding where and ways to utilize binary options magnet scams on facebook, you can contact us at our own website.
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