StockPair is a leading binary options broker based in Cyprus and is regulated by CySEC and the MiFID. StockPair is considered an innovative broker due to the fact they introduced the concept of “pair trading” to the binary options industry.
StockPair is well known for pair trading, and it’s one of the many reasons why traders from over 80 countries flock to this broker. They also carry a positive reputation in the banking department, and have received numerous awards and accolades for their transparency and consistent reliability regarding client funds.
Trading With StockPair
StockPair trades are made on their own proprietary trading platform, which has become very popular. Unlike other binary options platforms, StockPair’s platform allows traders to see everything, from their past and current positions to the asset and its chart all on a single interface – so no slow scrolling, it really is one of the most manageable interfaces out there.
They even have built-in technical analysis indicators that allow traders to draw trend lines, support and resistance levels, Bollinger bands and much more.
As stated above, StockPair has a vetted reputation because of their popular Pair options trading feature. So how do Pair options work? Through Pair option contracts, traders can choose from a list of stock, indices and commodities that are paired against one another.
The trader must speculate on which of the two assets will perform better upon the contract’s expiration. For example, if you think Facebook will have a better performance over Yahoo! at the end of the trading day, you would enter the wager amount and select Facebook.
It really is that simple, but with payout returns ranging from 80% to 300%, it’s easy to see why Pair options is so popular. Unfortunately, StockPair does not offer currencies under Pair options trading.
The minimum deposit amount required for opening a StockPair account is $200. But luckily, the minimum amount allowed for withdrawal starts at just $20, and the minimum amount required for each trade is also just $20, which is absolutely perfect for new traders.
StockPair has a few different deposit and withdrawal methods, including Moneybookers, direct bank deposit, credit card and much more. They also have very low banking fees, which is one of the reasons why they’ve been given annual awards by DailyForex and FXEmpire.
Overall, StockPair is a simple broker. It’s simple to trade, simple to make transactions, and, more importantly, it’s simple to make money. StockPair is a highly recommended binary options broker for European traders.