One of the leaders in stock pair and binary trading options is a company called StockPair. StockPair has become very popular among traders in recent years because it deals in regular assets like commodities, indeces and Forex currency, but it also allows for the trading of two stocks of relative strength.
StockPair is similar to that way to Forex, where you can look at the relative strength of two different assets and determine which one is going to be outperforming the others. Now, with the latest online technology available, Forex is becoming well-known all over the internet and a favorite way to invest, but if you do well with Forex, then you will also be able to use StockPair easily and benefit from it.
We have been trading with StockPair for about six months, and this review will list both the advantages and the disadvantages to this trading platform. When you are done reading this review, you should have all of the information that you need in order to make a decision as to whether or not to use StockPair. Let's start with the basics, so you have a platform on which to understand the rest of this review.
StockPair: The Basics
Obviously, StockPair specializes in stock option pair trading, as you might have gleamed already from the name. What this means is that you evaluate the strength of certain stocks against other stocks and decide which one is the stronger stock. From that point, you make the decision as to whether or not to go with that stock pairing. The minimum deposit is pretty standard - $200 – and the minimum trade value is $12 with the maximum set to $500. So, pretty much every range from the beginning trader to the moderate trader is covered.
However, if you are a major trader and are looking to invest a substancial amount of capital, Stockpair counts with the exclusive VIP accounts. There are other options out there for larger trades if you want to invest more than the maximum allowed by StockPair. But if you are looking at small or moderate trades, then StockPair is your platform. Also, it doesn't hurt that they offer a deposit bonus which we'll get to in a moment and a demo account.
StockPair has over 90 assets available for trading, so you have a wide variety of choices already. However, they are also adding more in the near future. They have just about every type of asset that other binary brokers offer – from the big Forex pairs, stocks and commodities and major stocks in the US, Europe, Asia and the Middle East.
StockPair has created their own trading platform, and it is pretty reliable based upon our own use. There hasn't been any downtime, and there is no delay in execution and the chart shifts and price feeds match the Reuters feed, which is actually somewhat rare in the binary trading industry.
Bonuses & Withdrawal
After you do your research, you'll want to make your first deposit, with a minimum of $200, but you'll want to invest as much as you can because they have all type of offers like bonus of Up to 100% on your first deposit. As far as withdrawal, it works just like it is supposed to. We have withdrawn just over $8000 and it only took less than 3 business days and is some cases in 24 hrs. They also offer a lot of withdrawal options like direct deposit, Paypal and wire transfer, money bookers, CashU and all major deposit methods from accross the globe.
Customer Complains & Support
The only down size that we have encoutered with Stockpair, is that they dont have a demo account. Besides that no major complain was filed due to their impeccable reputation in the financial industry.
As far as support, they are head-and-shoulders above some of the other brokers out there. They offer email, live chat and telephone support. The live chat is only available during certain hours, but the others are available if the live chat is offline. They also have an online guide to teach new traders about binary option investing. The email support is really fast. They've responded to our emails within 24 hours every time we've used the email support, no matter what the question is.
Final Thoughts: Is StockPair For You?
Whether or not StockPair is for you is a question that you will have to answer yourself, but we can definitely recommend them as a solid, reliable broker with an innovate platform and an operation that moves smoothly. They have good charting, good payouts and the support is terrific. If you are a fan of financial trading, then we think that StockPair is a great choice for you. Good luck with and Happy trade!