StockPair is one of very few brokers that were bold enough to develop their own trading platform. They also the first broker to introduce the pair options trading which has been recently gaining popularity because of its new concept. Impressive but are they really that good?
The minimum deposit that is required to start trading with this broker is $250. This is the same with most of the brokers in the industry that are requiring a standard minimum deposit.
Design and Layout
StockPair reinvented the standard layout that is commonly used by most brokers in the today by making it more simplified but still recognizable. It’s a refreshing new design that certainly enhances the browsing experience since all there’s less clutter and majority of the space was occupied by the trading area. It might appear to be different at first but it’s very easy to get accustomed to.
Banking Methods (5/5)
In addition to the payment methods like credit cards which are commonly supported by majority of brokers in the market, StockPair also accepts Neteller, Skrill and QIWI (for selected countries). This is definitely an advantage since they cover a lot of ways to fund client accounts.
The $20 minimum trade size that is imposed by this broker is lower than the $25 minimum standard size that is set by 32% of brokers that are currently in the market. With such a lower investment requirement, the risks can be dramatically lowered.
With a total of 118 choices, StockPair has more to offer than the average number of total assets in the market which is currently 76. This covers all the 4 categories which is good news for those who want to make more diversified trades in exchange for better profits.
StockPair belongs to the 11% of brokers in the industry that are currently using their own proprietary platforms. It’s uncommon for most brands but the advantage is that they can make full customization of their software to make it more efficient for trading binary options.
Some traders neglect this factor but quote accuracy is very important as it should show the actual market figures. After making several tests, I only encountered minimal delays which are still far for the 20-minute acceptable delay window which means that there are still at par with other platforms that are capable of providing the most accurate quotes.
It’s basically about the money and this is the basis as to why traders have a strong preference for brokers that have better payout rates essentially because this will measure how much money can be earned from a winning trade. At StockPair, the highest payout rate is 85% and I was only able to confirm this after browsing through the different assets in their platform. This is currently the average rate for 33% of brokers in the market.
Withdrawal Processing Time
Traders don’t want to sign-up with a broker that always takes their time to process withdrawal requests. For some it may take days but for some it can even take a month!
Withdrawal requests at StockPair are processed in just 2 business days with an additional 3 to 7 days for the money to appear on the selected account. That’s a tad faster than 21% of the brands today that have a standard processing time of 10 days.
Withdrawal Processing Time
Traders are always on the lookout for brokers that are honest and trustworthy particularly when they ask questions about their bonuses and promotions. Some can be very transparent while some can be very evasive of this topic.
With the conversation that I had with StockPair’s live chat support, I was glad to get a fast and honest answer from them. Without going around the bush, they gave me a no-nonsense response with a link to a page that directly explains the bonus terms and conditions which I was particularly looking for. Some brokers may try to avoid giving this link but with StockPair it was very straightforward. This means they are capable of providing excellent and fast assistance which is always the standard in support quality.
StockPair is part of the select 41% of regulated brokers which means that they can definitely be trusted. They are licensed by the Belize International Financial Services Commission or IFSC under the name of their operator which is NXB Financial Services Ltd. This assures that they are always following the rules that were set by this regulatory body and in the event that they make any violations, their license may be revoked.
StockPair’s regulatory status is a definite plus to their reputation but other than this recognition, this broker has been very successful in developing their very own platform that is intuitive and unique among all the proprietary platforms in the industry. This broker is also known to be the pioneer of pair options trading investments can be diversified and risks can be lowered in exchange for sizable profits. This certainly surpasses the standard that was set for a credible binary options brand. It’s also worth mentioning that they are very popular across many countries.
StockPair is one of very few brokers that were successful in developing their very own platform that is suited for traders of all types and this gave them the ability to make innovations including the concept of pairs trading. By and large, they have shaken things up in the market and if they continue to bring more innovations, they can be a very hard brand to beat as they have already exceeded the industry canons.