Stock Pair is a Forex broker. It is owned by Nextrade Worldwide LTD. – an investment firm based in Cyprus. Stock Pair is EU licensed and regulated by CySEC since 2014. It is one of the most reputable and reliable brokers in the trading industry. The following short review of Stock Pair aims to provide you with information on one of the brokers you can choose to connect with when using a Forex system. It is also one of my brokers of choice when I trade and I never miss the opportunity to create an account with them whenever I use or test a robot.
Broker Name: StockPair
Official Website: StockPair
Minimum Deposit: $250
StockPair – Trust and Reliability
Like I said, StockPair is a licensed broker. Connecting with a regulated broker means safety and guarantees for your funds. This is probably the most important thing when choosing a trading platform. It is very difficult to make out the legit brokers from the scammers when they are not regulated, but if they are licensed, this is most certainly a sign of their reliability.
StockPair was created by a team of professionals, each of them specializing in a certain area – investments, risk management, and technology. This combination has created a trading platform, that is not only reliable but user-friendly as well.
Not only that, but StockPair also provides traders with extensive educational materials. Their training section offers access to all the basic knowledge someone interested in Forex trading might need, and then some. This way, even newbies and inexperienced traders can get support in acquiring the right skills and tools in order to execute successful trades.
StockPair – Variety is Virtue
This broker offers more than 100 assets in the four main categories – currency, indices, stocks, and commodities. But brokers have to offer said assets if they want to be competitive compared to the huge number of others like them out there. StockPair adds some more to the deal by providing you with new ways to place your trades:
- Pair Trading
With this option, you predict which stock in a given pair will perform better (e.g. the pair Coca-Cola/Pepsico). You receive a payout if manage to select the better performer for a given moment in time. The main benefit to Pair Trading is the fact that your decision is not influenced by the general market’s movements. Even if the market goes down, you will still profit if you’ve selected the better performer. This is due to the fact that the Pair Options value is influenced only by the relative performance of the stocks – one is doing better than the other. Even if the stock you choose goes down, if the other one is doing worse, yours will be in the money.
Review Verdict: StockPair Is Not Scam
- KIKO Options
The name stands for Knock-In / Knock-Out. This instrument removes the necessity for traders to choose an expire time for their trades. It continues until the price of the assets his the upper or the lower boundary. If the price hits the target you have chosen, you have a Knock-In, the option expires “in the money” and thus you get a payout. If it hits the other target first – you get a Knock-Out and “out the money” situation. Like I said, there is no expire time, and the trade continues until the asset hits one of the two barriers. The advantages of trading KIKO options include high payouts of up to 80% and controlled risk because the said payout is shown at the moment of entering a trade. But not only that. The KIKO method is applicable to a wide range of assets so that your choice will not be limited.
Advantages to Using StockPair
There are a lot of benefits to signing up with this particular broker. I will point out a handful of them, just to make a point.
- Lots of deposit and withdrawal methods – you have a wide range of possibilities in which you can manage your funds. You can also set a currency type of your account, choosing between US Dollars, Euro or British Pounds. After that, all of your account transactions will be carried out in this particular currency.
- Premium accounts availability – when signing up with StockPair, you just have to deposit $250 in order to start trading. But the broker values customer satisfaction a lot. That is why they have created four types of premium accounts in order to answer to the different needs and preferences of different traders. Each account comes with its own special features.
- Trading indicators – this is StockPair’s unique innovation. The indicators are customized alerts, based on technical analysis. They are provided in collaboration with Faunus Analytics, a leading developer of data-mining solutions. The indicators aim to provide support to the traders in their trading decisions. They show predictions on the movements of a particular asset for the next 1h, 4h or 24h and the reliability of the given alert. The indicators are available through e-mail and a web application on the platform itself. The only thing is that you must upgrade to a Gold account or above to gain access to them.
This review on StockPair aims to provide you with some basic information on the Forex broker. I am extremely satisfied with the capabilities offered by this platform. If you are wondering which broker to choose when creating your account through an auto-trading CFD trading system, this is one of the best alternatives in the industry.
Review Verdict: StockPair Is Not Scam