Our Review of Stockpair
Stockpair has been providing binary options trading services since 2010 and has become a popular options house, particularly for beginners. It provides access to a wide range of assets including stock indexes and commodities as well as currencies and stocks, and also has an unusual StockPair trading facility which trades the relative strength of two stocks (similar to a currency pair). Another unique feature is the Knock In, Knock Out (KIKO) option which pays out on which of two prices the stock will hit first, and has no expiry time. That's good for traders who make accurate guesses on price moves but don't always get their timing right. StockPair has high payouts and good customer service, but doesn't offer out-of-the-money refunds.
The minimum deposit to open an account is $250 (or EUR 250, or £250), with a minimum trade of $12, lower than at many other brokers. Demo accounts are not available, though. Traders who make larger deposits and trade in larger volume are automatically upgraded to premium accounts, from Silver to VIP, with higher cashbacks and bonuses.
Rather than offering an initial bonus, StockPair offers monthly cashback to holders of premium accounts. These run from 0.5% on the silver account, up to 3% on VIP accounts. However, there is a high monthly minimum volume of trading required to claim the cashback.
Commissions and Fees
StockPair does not charge commissions on trading and there are no hidden costs. Payouts average above 80% and can be considerably higher on some trades.
Trading Platform Review
StockPair uses a web-based trading platform that does not require the user to download or install any software. Its design is modern and it is highly user-friendly, as you'd expect from a broker that wants to attract traders who are just starting out. iOS and Android apps are also available for mobile trading.
Features that more experienced traders will enjoy are advanced technical analysis charts and trading indicators that use Stockpair's own algorithms to try to predict breakouts at different time horizons. These are provided for gold and higher account holders.
StockPair provides customer support through email, phone, and online chat, and appears to be one of the better binary brokers in terms of its customer satisfaction ratings.
Deposits & Withdrawal
Making an initial deposit is easy, as StockPair uses Skrill cheques as well as wire services and credit or debit card. StockPair has a low minimum withdrawal level of £20, using either bank transfer or Skrill cheque; however there is a withdrawal handling fee which varies by type of withdrawal.
Regulators & Safety:
StockPair is an EU regulated broker under CySEC, the relevant authority in Cyprus. (It therefore can't deal with US residents.)