Stockpair is not a new binary options broker but it is one with a growing reputation. A reputation for fair dealing and serious trading. It is a CySEC regulated broker operating in the EU under the MiFID, owned and operated by Nextrade LTD with CySEC license number 229/14. At first glance you may think that Stockpair is like any other broker on the market but it is not, it is built on proprietary software and focuses on one thing, digital options. While free of exotic options such as range, boundary or one touch the platform hosts an extensive array of expiry choices fit for any style of trading.
The Geek’s Review Of StockPair Binary Options Broker
Stockpair is one of my favorite platforms and brokers. These guys have been around since the beginning of online binary options trading and have avoided much of the stigma associated with other brokers. Why? Because they have taken trading, and operating a brokerage, seriously, unlike others who have merely tried to capitalize on us trader. Stockpair is void of many of the frills and fru fru (AKA BS) used by less respectable brokers such as “free signals”, managed accounts and high yielding options such as one touch, range and boundary that are nearly impossible to win. In terms of reputation this broker is well known, with a long history, as one that pays out in a timely manner.
So, what do you get? You get high/low style trading, calls and puts, with one of the best listings of expiry on the market, with an asset list that is actually available to trade, when you want to trade. The platform is laid out really well, everything you need is right in front of you. Assets are chosen from drop-down to the left of the trade-screen, chosen assets are shown in the center with choices for expiry and direction. Each asset is listed with a trader sentiment indicator, as well as a history showing which days over the past month were up or down days. To the right of the trade screen is a box showing the details of your options; strike, expiry, trade size, pay out, time left and current status.
Expiry may be the number one feature of this broker. For one thing, these expiry are always available, not when the broker wants you to trade a certain time frame. After that it’s the range. Shortest is 60 seconds, longest is 150 days (5 months). In between are 90 seconds, 5, 10, 15, 30 and 60 minutes. End of day and end of week. Two weeks from purchase, one month, two month and three months too. Plenty for any type of trader, any type of conditions and any type of trading. They are really good for using signals or copy trading because you know that whatever you need is available, you won’t be stuck using whatever broker or platform the provider is using.
Alongside the Forex, commodity, index and stock binary options there is also pairs trading, and Stockpairs latest innovation, KIKO options. The pairs are not new but are one of the features that Stockpair has built its reputation on. These are literally pairs of assets, such as gold and silver, or Microsoft and Apple, that trade like a currency pair. Traders profit on choosing which will perform better than the other.
The KIKO options, or Knock-In/Knock-out, are awesome. These are similar to a range option, but with significant differences so don’t go thinking they are the same. These options have NO EXPIRATION. They will remain open until one of two conditions is met; the asset price will hit either the upper, or the lower, target first. Traders chose positions called high-span and low-span. Once opened the option remains active until it hits one or the other first. If you are bullish and choose high and the lower boundary is hit first you loose, if the upper boundary is hit first you profit. If the asset trades sideways within that range for the next three weeks it doesn’t matter, it will stay open as long as it takes for price to move as expected. Payouts for all options run in the range of 75%-85%.
Banking With Stockpair
Believe it or not Stockpair has been a leader in banking. This broker was touting segregated accounts and account safety long before CySEC and has only improved its operations since gaining regulation. Now, there is third part oversight as well as capital requirements which guarantee account safety. Deposits can be made using credit cards, wire transfers and eWallet (Skrill, MoneyBookers, CashU, etc), withdrawals can be made back to the originating account. Proper ID is of course required, including proof of address and cc/bank account ownership. There is no deposit required to open an account but you will have to provide your proofs in order to trade and withdraw.
Minimum deposit is only $200 with $2,000 max for you FIRST deposit. Once your account is approved/verified larger deposits will be possible. Witdrawal minimum is only $20 and comes without fee’s, unless you use wires and then there may be a bank fee. It will take 2-3 days to process the request and then another 3-7 business days for the money to show in your account. Withdrawing to eWallet is by far the fastest method, wire transfers are the slowest. Gold, Platinum and VIP account holders have access to a trade manager. This is not, I repeat not, someone to trade your account or give signals. They are there to analyze your trading, and help you manage it to maximize profits and reduce risks.
Bonuses are available, up to 100%, and come in a variety of forms. Deposit bonuses are standard and added to your account upon receipt of your deposit. These come with a 40 times trade volume minimum and restrict withdrawal to your deposit amount only, minus any losses, if you withdraw before meeting the terms. At that time the bonus money will also be cancelled. Other bonuses include “pending bonuses”, bonus money added to your account after you meet the requirements, which include a time limit. Also available are insurance periods, risk free and cash back.
Copy Trading Binary Options On Stockpair
Stockpair is an innovator in more ways than one. This broker, rather than creating its own copy trading platform, has made it easy for signal providers, copy trading dash boards and others to connect through API. This is great new as it means not only will providers take advantage of the access, the ones that do will be third party platforms and come with an added layer of safety for traders. The number one platform currently linked to Stockpair is Communitraders. Communitraders is a full service social trading platform complete with a forum, profiles, leader boards, signals and full blown copy trading. Joining Communitraders is free, all you have to do is sign up and the link your Stockpair account from your profile (takes one click of the mouse) to start copying signals.