Binary and pair options trading bosses, or just your average bums? That is the question which we set out to answer in our newest Stockpair review for 2014. Stockpair started its life as the first and only broker to solely specialize in pair options trading. And they did it very well. They are, in fact, confirmed pair options bosses. But they have now recently added binary options trading to their lineup as well. So although we have reviewed them before, we thought that a change this big warranted another look and a new review. So how do they stack up against the competition now? Read on to find out…
Stockpair Basic Information
Specializes in Pair Options Trading
Website Home: http://www.stockpair.net/
First Launched: 2010
Accepts US Traders: No – (Update 3-3-2014: US Clients Dropped)
Account Currencies: USD, EUR, GBP
Minimum Deposit: €/£/$200
Deposit Bonus: 30% Standard & Up To 50% on VIP Accounts
Stockpair Demo Account: Not Currently Available
Read On For Our Full Stockpair Review…
Trading Platform Information & Features
- Specializing in two unique pair options: “Fixed” and “Floating” contracts
- Unique and proprietary trading platform technology
- Newly added Stockpair binary options platform
- 150+ underlying assets to choose from (one of the highest in the industry)
- The largest selection of global stocks in the industry
- Over 200 unique tradeable assets (binaries + pairs)
- Small minimum trade size of only $10
- Platform Languages: English, French, Arabic, Italian, Dutch and Spanish
- Up to 86% on binary options and “fixed” pair options
- Up to 350% on “floating” pair options contracts (available all week)
- Extensive education section with strategy articles
- Accurate, real-time pricing model
- Risk-management and technical analysis tools
Stockpair is, of course, most famous for their highly popular pair options trading platform. It was and is the first of its kind and this completely different approach and proprietary trading platform has been very successful. For those not familiar with pair options at Stockpair they offer two distinct contract types: “fixed” and “floating”. Both varieties are based on relative performance and are therefore completely market-neutral. An advantage of pair options trading. There are some big differences between them though.
Stockpair Fixed Pair Options
Fixed pair options are the “standard” pair options contract, akin to the high/low binary option contract. With this variety of pair option the relative performance of the “paired” assets is determined from the time of purchase, to the contract expiry. In other words they are normalized at the time of purchase and set equal to each other. Only the period going forward is taken into account. These contracts can be purchased with expiry windows ranging from 5 minutes to 150 days! An impressive range. Fixed pair options offer payouts of up to 86%, and in our experience an average in the high 70’s.
Stockpair Floating Pair Options Contracts
Unlike the fixed variety, these contracts do not normalize at the time of purchase. The relative performance of the paired assets is therefore determined over the course of a predefined period of time. Stockpair offers three different expiry windows of a day, a week, and a month. So, for example, if you purchased the weekly contract on a Wednesday, the relative performance of the two assets would be measured from that Monday to that Friday. This means that the performance gaps can become rather large before the contract is ever purchased. Obviously the larger the gap the more risky or safe (depending on the asset chosen) the trade is. This means that the returns offered by Stockpair on these contracts can vary widely. From just a few percent for an asset which is greatly outperforming its paired partner, to up to 350% on an asset which is greatly underperforming its partner. If the gap becomes too great then the opening of new trades will be suspended for the pair to prevent unfair advantages for Stockpair (which would occur whenever a gap became larger than a 350% return could compensate for).
Stockpair Binary Options Trading Platform
The new addition to Stockpair’s already impressive lineup is high/low binary options contracts. And a lot of them. More than most dedicated binary options brokers, in fact. They already had the large underlying asset lineup so all they needed to do was adapt their unique trading platform to handle standard high/low binary options contracts and they were set. But how does their binary options platform stack up against the platforms of other top brokers? Pretty darn well, actually. It is reliable, clear and simple, has a great asset selection, offers high returns, and even comes with helpful technical analysis and risk-management tools. Really the only potential drawback is the unavailability of the popular 60-second and one-touch binary options contracts. But we think that is more than made up for by their pair options contracts.
Potential Stockpair Disadvantages
- No Refund Rates For OTM Trades
- No Weekend Trading Available
- No 60-Second or One-Touch Binary Options Contracts
Stockpair Customer Service & Reputation Review
For every review we do we try to make at least a couple of contacts with the broker’s customer service reps to see how they handle difficult requests or account problems (which we simply fabricate for the sake of the test). We like to do more than one so that we can test different channels available. In this case we contacted them through their live chat feature once, and email once (not including our withdrawal request at the end of the review period). We are happy to report that the Stockpair customer service folks passed with flying colors. Both were friendly and helpful throughout the process, despite my occasional rudeness (all part of the act…I’m not really a jerk). As for our withdrawal request at the end of our Stockpair review period, it was handled promptly and professionally, and with no badgering us to cancel the request and/or deposit more (a problem with some brokers).
Reputation is extremely important in this industry. There is currently no better indicator of a broker’s overall quality and reliability than their reputation in the binary options trading community. Stockpair enjoys a reputation going back four years of excellent service and complete reliability. You would have a difficult time finding anyone — aside from competitors — with a bad word to say about them. They get high marks from the Bosses for their customer service and reputation for reliability.
Stockpair Review Conclusion
Stockpair has been a great broker for years but because of that we had high expectations for their binary options platform going into this review. We were happy to discover that they were mostly able to live up to those expectations. We would, however, like to see them eventually add 60-second options to the lineup. One-touch we are less concerned with. With this addition of Stockpair binary options trading they can now compete directly with the other top binary options brokers in the industry. In fact we would probably put them in the top 3 overall right now.
Stockpair Review Rating = 4.75/5 Stars = Binary & Pair Options Bosses!
If you have your own experience with Stockpair please comment below or contact us!