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Stockpair Review - is it scam or safe?

StockPair Review - is stockpair.com scam or good binary options broker?

RATING: 2.3 / 2 REVIEWS ForexBrokerz Stockpair
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General Information

 

Minimum deposit Min. bet size Payout % Bonus Trading platform
$, €, £500 $20 80%* None Proprietary web

*The payout is dynamic and most of the time is around 70%

 

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

 

 

Account type Min. initial deposit Welcome bonus Risk-free trades
Stockpair $, €, £500 None None
Premium silver $1000 None None
Premium gold $5000 None None
Premium platinum $20 000 None None
Premium VIP $50 000 None None

 

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.

 

There, however, is no free demo account.

 

The company. Security of funds

 

Company Country Regulation
Nextrade Worldwide Ltd. Cyprus CySEC

 

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.

 

Assets: Currencies, Stocks, Indices, Commodities

 

Expiry times: 1 minute – 14 days

 

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 platform

 

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.

 

Conclusion

 

Stockpair is a regulated binary options broker. Its Cyprus license means it can operate throughout the EU, but not elsewhere. This is why there have been warnings against it from the Ontario Securities Commission and the Australian Securities and Investments Commission – the broker cannot operate in Ontario or Australia.

 

Stockpair has a rather extensive portfolio and has been around for quite a while. There haven’t been many complaints against it and it seems it has a relatively decent reputation, as far as binary options brokers reputation goes.

 

Pros Cons
CySEC regulation High deposit requirement
Extensive portfolio High minimum bet
  No demo account

 

 

Latest news about Stockpair
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Traders` reviews for Stockpair

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Slippage

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Price feed

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Platform

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Stockpair scam

Stockpair is a scam! They closed their site in Nov 2017 & it took me until now to get my money back!

Rose 01/02/2019
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