StockPair Review
There are a number of similarities when conducting a Stockpair broker review with the options available trading on the currency markets. Stockpair offers a good range of assets which can be traded; these include currencies, indices, stocks and commodities. It is this ease of access and relatively cheap cost of investing that has made Stockpair a popular choice in recent years. The principle behind this type of trading is simply to compare two assets and then decide which one will perform better. If you are able to trade profitably on the currency market you are likely to be successful when trading with Stockpair.
As its name suggests this broker offers the opportunity to compare two stocks and decide which is the strongest. You then trade on this stock and, if your prediction is correct, you will be able to collect the agreed rate of return.
There are ninety assets which can be traded through this broker; this is more than sufficient for any trader; it is also likely that there will be more options added in the future which will expand the range available.
The Site
In contrast to many of the existing binary brokers, the Stockpair binary review shows that they have created their own site. The team behind this has worked hard to provide a reliable and user friendly product which stands up well in comparisons with other binary brokers. One particularly good feature is that the information shown on the site is exactly the same as that displayed by Reuters; this is something that is not often found when looking at binary broker sites.
The layout is extremely practical and will appeal to any new trader or those with limited experience. In fact, it is one of the best places to start trading and learn more regarding how to place successful trades and the various strategies available. Unfortunately there is no practice account available yet so you will need to practice while trading.
Trading Accounts
As with most brokers, there are a variety of account options, all of which are controlled by the amount of your initial deposit. You can open an account from as little as $200 and start trading for just $12 per trade. This makes it a very attractive option for those who are new to the binary markets and want to learn how to trade without risking vast amounts of funds. As mentioned, this site is not designed for experienced traders, the maximum permissible trade is just $500; satisfactory for those with limited experience.
Having said that, the Stockpair broker review did show that it is possible to create a VIP account; this would be in conjunction with Stockpair. This account will have personalized limits regarding minimum deposits and maximum possible trades.
Every trader is eligible for a welcome bonus; this will match your initial deposit; whether you deposit the minimum or maximum amount. This is a good incentive to put as much funds as you can into your trading account; this will result in more free funds to invest and potentially generate profits from.
You can credit funds to your account or remove them through almost any credit or debit card, wire transfer and even a selection of electronic payment methods such as PayPal and CashU. Requested funds should be back in your account within three business days, although it is possible to have them within twenty four hours.
Education
The best sites offer a range of educational materials which can be used by all traders to improve their knowledge of binary trading and their success rate. This is one of the features which Stockpair have designed specifically for new traders. There is a comprehensive online guide which is designed as an introduction to all the basic principles and strategies involved in binary trading. Reading this will improve your trading skills.
Customer Support
All traders come across issues or concerns which are helpful to discuss with someone who has experience and knowledge in the industry. This is particularly relevant for newcomers to the binary markets. You can contact Stockpair via Live chat, telephone or even via email. The customer support is excellent and will help guide you through a solution to your issue. It is worth noting that the live chat is only available for limited hours. However, if you need information when this is offline the phone and email are always available.
The Stockpair broker review actually shows that this brokerage is better than average at responding to customers, particularly via email. All responses are usually completed within twenty four hours although they can be much quicker.
Whilst this may not be the best broker for those who already have a large amount of experience in the binary options market, it is one which is brilliantly designed for those who are new or have minimal experience. It has an excellent reputation and is committed to offering the best possible service.
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