StockPair review. Is StockPair a Scam? Do they offer a demo and bonus?
StockPair is one of the highest rated binary options brokers so you don’t need to worry to be scammed here. It offers comprehensible and interesting services and is subject to CySec regulations since 2014. StockPair has built its position on an efficient platform and fast and seamless payments however without offering a demo account.
What truly sets this broker apart from its competitors is the addition of the so-called “pair options” to the standard binary options offer: choosing two active assets and determining which will go higher in a given time interval. We get to decide whether one asset will go higher than another or which asset will fare better. In the first case, the return is relative as it depends on the price difference between the assets (the higher it goes, the lower the return). In the second case, the return is fixed and common for both assets.
Pair options enable earning even if the price of both assets goes higher or lower. What matters is which asset’s price goes higher or lower. While the rate of return is quite high (up to 82% for the typical binary options), StockPair does not refund failed transactions.
The additional tools and privileges of an account depend on the deposited amount. The access to webinars and seminars online or help from a personal trade expert, and other bonuses and promotions, are available for as long as you have the necessary balance.
To upgrade your account you need to deposit at least $1000. Here are the available account options: Silver, Gold, Platinum or VIP.
One of StockPair’s biggest assets, the platform, is clear, fast and user-friendly. Thanks to a plethora of tools it’s easy to follow and read all the charts. StockPair leaves its competitors behind, because in so many cases following charts requires installing additional tools, e.g. Metatrader 4, which is completely unnecessary here. The platform can be accessed via the website.
Not all the options are available, though. There are no boundary options, range options, or one-touch options. What is available? The classic binary options, pair options, short-term options and KIKO-type options.
The last type is the newest addition (March 2015): KIKO stands for “knock-in-knock-out” and it means that you have no expiry time decision to make. It’s very similar to “boundary out”, but here we decide which boundary (upper or lower) the chart is supposed to cross. Also, we do not have any expiry time set. The option remains open as long as one of the boundaries (upper or lower) is not crossed. The boundaries are predetermined by the platform. All we can choose is whether the range is “low span” or “high span”, the latter meaning that the option will be open longer. This choice, however, does not influence the return, which can go as high as 82%. What else do we get to choose? A currency pair, the moment the option opens and which boundary (lower or upper) gets to cross the price chart. Still, their position to the current price is so narrow that options close rather quickly (after a couple or a dozen or so minutes in the “low span”).
A winning KIKO option screen:
StockPair has a different expiry time structure than most brokers: there is no predetermined opening and expiry time. It is up to the user to choose when an option opens or expires.
It’s similar to the short-term options but with even more choices when it comes to the expiry dates. This lets us choose the opening moment that we really want and need. It’s also easier to adjust the transactions to the strategy we’ve chosen, so we can open more of them.
Available expiry time: 60, 90 seconds; 5, 10, 15, 30, 60 minutes; end-of-day; end-of-week; or for 14, 30, 60, 90, 150 days. The longest one is about 6 months.
The minimum to invest is $20 and the maximum is $16,000 (VIP account).
StockPair offers a respectable number of about 170 assets.
The platform is also available for mobile devices.
StockPair deposits and withdrawals
Depositing and withdrawing money is not complicated, but there is a limited number of payment methods. We can do so using credit cards, bank wires or Skrill. Some countries (Eastern Europe mostly) can deposit/withdraw using iDEAL, GiroPay, Sofort, AstroPay, WebMoney, QIWI and Moneta.
The minimal deposit:$/EUR/GBP200.
Standardly, to withdraw the funds, you need to verify the account by sending documents that confirm your identity. This will happen only once and when it’s done, you can take advantage of the quick unlimited withdrawals (up to 2 business days or that plus how much time your bank needs to clear them).
The broker does not offer a demo account for a standard user. Only those participating in the affiliate program may access a demo account.
StockPair is definitely user-friendly and it’s not only as far as treating clients/users goes, but when it comes to the whole policy as well. User tools, the platform interface, educational materials, regular webinars or the bonus policy; it all makes StockPair a friendly place.
The website has been translated into 11 languages. You can contact the support (in English) via a contact form, e-mail, chat or phone.
StockPair’s “Education” section is well-developed although it mostly consists of market news and platform descriptions. There’s a separate service, stockpairinsight.com, dedicated to a more detailed daily/weekly market analysis. Advanced tools, such as expert support or indicators, however, are available only for those with upgraded accounts.
StockPair offers a bonus up to 60% of the deposit, but to be withdrawn you need to meet the minimum trading volume requirement (40 times the value of the bonus you received).
There are many different opinions of StockPair, but it’s not a scam. We have not received any complaints. Withdrawals – even the large ones – are straight-forward.
StockPair is an exceptional broker that has achieved its high ranking through careful quality assurance. It’s especially recommended for those who wish to invest more money, since – so far – the broker has proven to be serious about the responsibilities shared. The “pair options” – and the availability of a demo account – will be warmly welcomed by the beginners as they do not need any intimate knowledge to trade this way.
What should be pointed out is that a draw has been classified as a loss (it constituted a 100% refund before). Still, higher refunds are available, but – according to our calculations – such changes are unfavorable for the users.