Stockpair Review – is it scam or safe?explained by professional Forex trading experts the “ForexSQ” FX trading team.
Stockpair Review – is it scam or safe?
Stockpair is a binary options broker offering trading in binary options, pair options (floating and fixed) – a simple and direct way to trade in relative performance of stocks and profit by predicting which stock within a given stock pair will perform better and kiko options – a trading instrument in which the trader predicts which of the upper or lower price targets (barriers) the asset price will hit first.
Trading accounts
There is one basic type of live trading account. But there are premium accounts with growing size of deposits. They bring various extras, such as cash back, trading indicators, higher limit for open positions and personal trade experts.
Stockpair is a brand of the Cypriot investment company Nextrade Worldwide Ltd., which is regulated by the Cyprus Securities and Exchange Commission. Under the CySEC rules, the brokerages cannot offer bonuses in order to attract clients, hence Stockpair does not offer any bonuses.
There are plenty of binary options brokers regulated by CySEC, as a matter of fact, most of the regulated ones are indeed licensed by CySEC and for the most part are abiding by some rules. Nevertheless, we are of the opinion that trading in binary options is rather risky and is more like gambling, rather than trading. And, as we all know, the casino always wins in the end.
Trading conditions
Trading Options: Binary options on currencies, commodities, indices and European stocks, pair options (floating and fixed) on European stocks, commodities and indices and kiko options on currencies, European stocks and commodities.
Minimum initial deposit
The minimum initial deposit for a standard trading account is $, €, £500, which is double than the more or less standard 250 currency units, let alone compared to Grand Capital, which requires just $10 for a binary options account.
Minimum bet size
The minimum bet size is $20, which is relatively high. BDSwiss, for example, has a minimum bet size of $5, while Grand Capital has set it at $1.
Payout amount
The information about the payout amount is not readily available. According to the promotional video on Stockpair’s site, it can be up to 80%, which is around the average. According to the customer support, the payout % is dynamic and we observed that it is around 70-74% max for binary options on the popular EURUSD pair.
Trading mplatfor
Stockpair offers its proprietary trading platform. The broker claims it is easy to use, reliable and secure and offers accurate quotes and fast execution. It is available on computers and mobile devices.
Methods of payment
Stockpair provides numerous payment options such as credit/debit cards and the payment platforms Skrill, Neteller, Qiwi, Sofort Banking, Giro Pay, Astro Pay and Ideal.
Stockpair Review – is it scam or safe? Conclusion
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