StockPair’s Unique Features
StockPair is one of the many choices you have available when looking for a binary options trading broker. It is also one of the best. It offers a robust and effective platform, plus it is an open and honest operator in a market where it is not always easy to find trust. We were pleasantly surprised when conducting our review, and have no hestitation recommending StockPair.
Registering an Account
The steps to register an account are quick and easy to go through, but there are a few stages you will have to complete. If you have been a member of one of the less scrupulous binary options trading platforms in the past you might be surprised at what you have to do to get an account at StockPair. The reality, however, is StockPair operates its registration in a clear, transparent and honest way. It has to, after all, as it is a regulated company in the EU. Our hope is that all binary options trading platforms come up to the StockPair standard.
After entering your basic details you will have to provide proof of identity and proof of address. The proof of identity has to be government issued, so can be something like a passport or driver’s licence. Most people use a utility bill to prove their address. Going through this process also makes withdrawing your profits from StockPair smoother and quicker.
In addition, you will need a method of deposit. For many this is a credit card but, as already mentioned, many deposit options are available.
During the process you will also be asked to choose a currency to manage your account with. The options are Euros, British Pounds, and US Dollars. Make sure you select this option carefully as it cannot be changed once you have confirmed your details.
Understanding Pair Options
We have written several guides, articles, tip sheets, and tutorials on binary options on this website, plus you will find many more on the internet. Pair options are a unique feature on StockPair, so it is worth spending some time explaining them in more detail, as well as how they work on StockPair.
In your main StockPair account or demo account you will see two different types of pair options to choose from:
- Fixed pair options – these options have an expiry day/time. You have to pick the best performing of the two as analysed from the date/time of purchase to the date/time of expiry. That date/time of expiry could be five minutes after your purchase, up to 150 days after your purchase.
- Floating pair options – these are options which are analysed over a set period of time. This could be a day, week, or month. You have to pick the best performing option over that period.
- Fixed pair options – returns of between 75 percent and 85 percent, depending on the asset pair you select. That rate of return means you can build a profitable trading strategy in a relatively short space of time, providing you bet on the right option.
- Floating pair options – even more potentially lucrative, but it still depends on you making the right selection. Getting it right, however, means profits of up to 350 percent.
You then have to select the pair you wish to trade on. As mentioned earlier, there are many different options to choose from. The best advice is to choose stocks, currencies, indices, or commodities that you are familiar with.
Once you have selected a pair you will see the average gain and return percentage of each of the two options. You can then select the one to trade on.
When you do you will get a chance to finally review all the details of the trade. This includes the trade itself plus the potential reward and the time of expiry. If you are happy you can confirm the trade.
If you get stuck anywhere in the process you can consult the detailed FAQ section of the website. This has answers covering many of the main topics that a trader needs using StockPair including info on placing trades, managing your account, banking, and more.
Trading On StockPair
After you have become familiar with the StockPair platform and, if you are a beginner, trading binary options, you will want to start trading for real. This is where you can start making real money.
This review is not about helping you with a trading strategy – we have written a lot about that topic elsewhere. Instead it is about helping you understand what trading on StockPair is like, and how you can get the most out of the system that you can.
When trading, you must have a minimum open position of $20 on your trades. You have 171 assets to choose from including about 150 stocks. This includes major blue chip companies and many familiar names as well as some you may not know much about. You can also trade on currencies, indices, and commodities.
Assets you can place trades on in StockPair:
- Stocks – Apple, Amazon, Barclays, BT, Facebook, Google, Heineken, HSBC, McDonald’s, Vodafone, Exxon Mobil, and more from six stock exchanges in Europe, the USA, and Australia
- Currencies – USD, GBP, CAD, and more
- Indices – NASDAQ, NYSE, London Stock Exchange, Australia Securities Exchange, Forex, Moscow Exchange, and more.
- Commodities – oil, gold, gas, and silver
Actually placing a trade on StockPair is simple. Here are the steps you have to take, depending on the type of trade you choose:
How to place a trade on binary options – this is a four step process. First you select and asset and then choose a direction. This is where you indicate whether you think the price of the asset will go up or down. Then you choose a timeframe. This is the expiry time. Finally, you select the amount you want to trade.
- How to place a fixed pair options trade – this four step process will walk you through the steps required to place a fixed pair options trade on StockPair. You start by selecting the asset pair you want to trade on. You then have to select which of the two assests you think will perform better. After that you select an expiry time, or timeframe. Finally, you enter the value of the trade.
- How to place a floating pair options trade – this is a similar four step process to the previous option. Again, you start by selecting the asset pair you want to trade on, and you pick which on you think will perform better. Instead of selecting a specific expiry time, you select a timeframe such as “today”, “this week”, or “this month”. Finally, you enter the value of the trade.
- How to place a KIKO options trade – trading in KIKO options is also simple. In fact, it only takes three steps. The process starts by selecting an asset. You then select which target figure will be reached first. Finally, you enter the amount you want to trade.
We have already talked about the welcome bonus and signup bonus that is available when you first sign up for a StockPair account. Other bonuses are available for registered account holders too. These vary but are made regularly available. They typically include risk free trades and cash back bonuses.
Your account manager will usually contact you when a bonus is available, giving you all the details of how to get it and the conditions attached. For example, if you are offered a cash back bonus, you might have to maintain a minimum balance on your account for a period of seven days to qualify for the bonus.
You can also reach out to them directly if you have any questions or queries.
StockPair Reviews and Demo Account Availability
StockPair’s demo account is only available to registered users who have made a deposit of at least $500. It is therefore not an evaluation account. Instead it is an account that you can run alongside your main trading account so you can learn the platform, test trading strategies, and learn how binary options work, without risking your own money.
The only way to evaluate the StockPair platform, therefore, is to visit their website and read detailed reviews like this one.
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