StockPair Reviews- Scam? Bonus details
Stockpair Overview StockPair,owned by Nextrade Worldwide Ltd, was Established in Ireland in 2010 (License No. IFSC/60/346/TS/14) and boasts of its own proprietary trading platform. One of the unique feature of the trading platform is… more
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|Support Number||35 725025062 | email@example.com|
|Support Types||email, chat|
|Languages||English, French, Spanish, Arabic, Dutch|
|Minimum 1st Deposit||200|
|Minimum Account Size||200|
|Payout||84% to 400%|
|Free Demo Account|
|Number of Assets||180|
|US Traders Allowed|
Stockpair is one of the popular broker(Alexa wise) in binary options market(outside USA). It is one of the top 3 broker for non-US traders in my list as of now. Stockpair does not accept traders from USA. Best Trading platform, Full EU and CySEC regulation, highly transparent dealings, timely support,min negative reviews and good trading tools. So, if you are not from USA or Cyprus, Stockpair is one of the best binary options broker you can get. It provides decent coverage of the market with 150+ financial instruments(Forex,share,Indices and Commodities) and options to trade all types (High/Low,One Touch,Zone and Speed trading) of binary options. There’s no refund for out-of-money options on Stockpair but it has one of the highest payout for in-the-money options. Stockpair withdrawal takes almost 5-6 business days it which can be improved upon. But,they did honor withdrawals without making any fuss for my account.There are very few negative reviews compared to other brokers and most of those are based on misunderstanding of bonus withdrawal conditions.
StockPair,owned by Nextrade Worldwide Ltd, was Established in Ireland in 2010 (License No. IFSC/60/346/TS/14) and boasts of its own proprietary trading platform. One of the unique feature of the trading platform is its simplicity and it avoids all the complicated financial jargon in its web based trading platform. It is highly suitable for new traders who need simple interface without any compromise on advanced features of binary options trading.
StockPair Min deposit and Withdrawal
Minimum deposit requirement is 200$. Though,I would recommend with starting with at least $500 as it will give enough room to test different strategy without blowing up the account.There is no limitation for withdrawal, which is very important for serious traders. StockPair processes the request within 48 hours, then another 1-3 working days for the receiving bank to process it at their end.
Bonus given by every broker come with a caveat to avoid customers exploiting brokers. Do remember that,you can withdraw the bonus only when you have traded the 40X amount of bonus. So,if you get $2k bonus,you need to trade $80k in volume before you can withdraw the full bonus amount. This restriction on bonus withdrawal is imposed to avoid misuse of the bonus. Check the table to know the all the deposit and withdrawal method.
Special Feature: Pair Trading
Stockpair brand was one of the first broker to make pair trading popular among retail traders(they made pair trading their USP in their initial marketing campaigns). Let me first explain pair trading in case you have not heard about it before. In Pair Trading, a trader has to choose between two assets and predict which one of these two assets will perform better after a specific expiry time. There are 2 kinds of trade possible:
- Floating Pair
- Fixed Pair
In both of these instruments you just need to predict the relative performance of one asset over the other. In floating pair,relative performance is counted from beginning of the day and in fixed pair it is from the time you entered into the trade. You may check our tutorial section to learn more details and how to make profit from this strategy. It is just enough to say that stockpair is the best broker for pair trading.
Is StockPair a Scam?
I came across StockPair around 3 years ago,when StockPair were relatively unknown, but brand is showing great traction among traders now. It caught my attention due to the variety of features it provides for pair trading apart from regular binary options. I have been monitoring this company’s track record for almost 3 years now.
StockPair is regulated by CySEC and is undergoing processes for British FCA. We have looked into user reviews in popular binary options forums and it seems its operation has been running smooth,most traders have no issue with withdrawals and overall happy with StockPair’s customer service.
There were some Stockpair complaints about withdrawals but on close inspection most of these are false alerts where trader tries to withdraw bonus amount before meeting the withdrawal condition or not waiting for 7 working days to get withdrawal credited (which is normal for all brokers). Beware of fake reviews put by competitors or people who lost money due to poor trading decision.Yes,I would like to remind you need skill to make money in binary options like everything else in world.
Our verdict: Stockpair is NOT scam. (Updated on 24th April)
Many bloggers have written about stockpair free demo account,which has created a lot of confusion among new traders. Stockpair does not offer free demo account anymore. So,most of those bloggers have outdated information. To start with stockpair, you have to start with min deposit of $200 . So,do not keep looking for free demo account after reading outdated blogs.
At BOTRS.com, we always look for something unique with brokers. Here is what we thought is different (and awesome!) about StockPair:
- Exceptional Trading platform
- Up to 400% Return for special instruments
- Reuters Live Quotes
- Pair Trading
No. of Assets ,Deposit,Payout
Stockpair offers 170+ assets(120+ Stocks,,12 Currencies, 8 Indices, 4 Commodities) to trade and expiry times vary from 60 seconds to 5 minutes, Intra Day and a few months, for most fixed pair assets. Floating pairs are available from day to month.
Payout is among the average to high in the industry : 85% for In-The-Money options. Floating pairs could reach up to 400% or more return. There is no Out-of-Money refund.
StockPair Minimum deposit is 200$ or 200€, that’s great for beginners. Deposits can be made via CreditCard, Wire transfer, Cash-U, MoneyBookers and many more. You can withdraw the money using same method as deposit and profits may be withdrawn with any of the method you choose. StockPair offers a welcome bonus of up to 60% for a minimum deposit of $200 to $500.
Stockpair: Final Verdict
Overall,keeping in mind of broker track record, features,regulatory approvals,reputation and reviews across internet,I would say StockPair comes definitely one of the most recommended broker in binary options industry.