The binary options market is crowded. It can be difficult for one site to stand out. Some brokers hope to attract investors by offering unique trading options. StockPair has an option you won’t find anywhere else: Pair Options. What do we think of this unique option, as well as the site as a whole? Our full review is below:
Intro to StockPair.com
StockPair is licensed in the European Union and fully regulated by the Cyprus Securities and Exchange Commission. They’re a brand of Nextrade Worldwide Ltd. The StockPair team combines a group of financial and technical experts. StockPair was founded in 2010, which makes them one of the first binary traders on the market.
Overview of Trading Platform
StockPair has one of the best designs we’ve ever seen. The trading platform presents a lot of information clearly, and overall the site is very easy to navigate. Prices were always very easy to find, and there’s a large section devoted to education.
Also, everything is explained in plain English. There’s a notable lack of confusing financial terms and jargon. The site is perfect for traders who don’t have a lot of experience.
Pair options allow the investor to pick which one of two stocks will perform better in a set amount of time. The actual payment is determined by the stock pair, option type and general market conditions. Unlike the more traditional binary option, which is based on the performance of one asset, a pair option is based on the relative performance of two assets.
Profit and Return Rates
Returns rates average about 82% for most assets. This was definitely on the high end. However, there is a downside. Unlike many other brokers, StockPair doesn’t offer any type of refund for Out of Money results. Basically, you can lose a bit more than you would with many other brokers – but you can also gain more, too. Many investors find the high return rates worth the lack of Out of Money refunds, but that’s a decision best left to each individual.
Overview of Assets and Expiry Times
There are over 100 assets available. Arranged in three categories (commodities, currencies and indices), we found markets open throughout the weekday. There were always trading opportunities. Also, if you’re interested in specific markets, StockPair does a great job of providing information as to when each market is due to open.
There are many expiry times to choose from. Short term options include intervals of 60 seconds to 60 minutes. Longer options range from 24 hours all the way up to 150 days. One hundred and fifty days is actually one of the longest expiry times we’ve ever seen.
Deposit and Withdrawal Info
No money is required to create an account. If you want to sign up, explore the site and even make some sample trades on the demo system you can do so with no financial risk. If you decide you’d like to trade for real, the minimum deposit is $200.
Unlike many other brokers, StockPair has no limits on withdrawals. Our sample withdrawal took two days to process, and then another three to become available in our bank account. There’s a $20 minimum, but no maximum.
Additional Features of StockPair.com
If you deposit at least $200, you’ll be eligible for a bonus. Other than that, however, StockPair doesn’t feature many other trading bonuses aside from some Cashbacks. While bonuses can be great, they are also not a factor we give a lot of importance to when selecting a broker. While the initial deposit bonus nice, we were mainly interested in the general performance of the site itself.
The binary trading market is crowded, and brokers are always on the lookout for a way to attract new investors. Normally, we stay away from anything which seems gimmicky or too far away from the norm. At first, StockPair’s unique Pair Options seemed like nothing more than a grab for attention. But the more we looked into Pair Options, the more we liked what we saw.
StockPair is more than just one type of trade, however. They’re a reputable broker, with a simple (but powerful) trading platform, a wealth of helpful assistance and a high average rate of return. We give StockPair.com our highest recommendation.