StockPair is a binary option broker that was established in 2010 by the company Nextrade Worldwide Ltd.. Unlike most brokers, StockPair has made the choice to develop its own trading platform. Therefore, it offers its customers a totally different platform from what is usually found, thus distancing itself from its competitors.
Stockpair offers you to open a live trading account from a deposit of 200 dollars. The minimum to open a position is 20 dollars. If you make the minimum deposit, you will therefore not be able to trade with a money management of less than 10% of your capital per position. This is relatively dangerous or suicidal for a novice trader. Therefore, it is recommended to make a larger deposit or enjoy an exclusive bonus of 50% instead of 20% if you open an account on the StockPair broker through this link.
As mentioned previously, Stockpair has made the choice to develop its own trading platform and this may be the reason why it has chosen to offer only two types of trading: Binary trading and Pairs trading.
We find the classical binary options trading with the High / Low on a selection of 171 assets. These 171 assets include 150 shares (The Boeing Company, Abercrombie & Fitch, Goldman Sachs, Air France-KLM, BMW …). Stockpair is the broker that offers the largest selection of shares. The remaining proposed assets consist of major currencies (EURUSD, USDCAD, GBPUSD …), indices (CAC, DAX, DOW …) and commodities (gas, gold, silver and oil). We would have liked a larger selection concerning raw materials.
The images of this article are in foreign language because the test has been originally realized for the French version of the website. However, note that the StockPair platform is also available in English.
We find a truly ergonomic platform that has absolutely everything handy to open a position. I appreciate the fact that there is no need to have additional window that opens when clicking on our choice (High / Low). The only downside that I can note is that it is not possible to display several active charts simultaneously.
Possible maturities are from 5 min to 150 days, which provides a wide choice. Meanwhile, the yield amounts up to 85% of the profit for a return on loss of 0%.
This type of trading is a mode where we will create competition between 2 actions. It will no longer be necessary to determine whether the course will be below or above a certain level, but to define which asset will have a better yield than the other. Consider the example here-below:
In this example, I am asked which share (Facebook or Yahoo) has progressed over the other and 15 minutes after having taken a position. That is to say, if 15 minutes later the Facebook share has increased at 1% and the Yahoo share at only 0.5%, it is necessary to bet on the Facebook share to gain 82% of the bet.
This type of trading also exists in “Floating”. The difference is that it is no longer possible to choose the maturity. Maturities operate on a daily, weekly and monthly basis. The position here is irrelevant since the reference is taken early during the day, week or month.
For example, if you choose a maturity for the day while the reference point starts with the opening of the day and the end of the maturity at the closure of the day, it is therefore necessary to define which share will have progressed the most by the end of the day. Following the period during which you will be taking the position, yields evolve and can amount up to 350%. Moreover, you can close your position at any moment before the end of the maturity.
For this trading of Pairs options, the Stockpair broker offers you on its website a strategy that it refers to as the co-integration strategy. This strategy allows to detect a share when it takes over another. Generally, a good time to take a position on this type of trading is when a stock is down while the second one that completes the pair progresses.
Stockpair offers different types of accounts; from the Silver account to the VIP account that will provide benefits depending on your situation such as a better yield from 1 to 3% in the form of reimbursement. This is based on your transaction volume.
You can complete your deposits and withdrawals with different means such as credit card, bank transfer or Skrill (MoneyBookers). Withdrawals take place between 2 to 3 days at no cost. Stockpair is part of brokers that we trust because it is possible to make a withdrawal without problem.
Stockpair is an excellent broker and this is also the reason why we place it among the top 5 in our comparative chart. Despite its discretion, it has been able to retain the loyalty of both novice and experienced traders. It gives us a really nice platform and very interesting and unique trading mode with binary option Pairs.