Stockpair Review: Is Stockpair still a good binary options broker in 2013?
2013 has seen a huge rise in binary options brokers. There have been many brokers opening shop, and just as many closing down. There have also been quite a few scam sites who ran away with investors' money.
This competition is making it increasingly harder for binary options brokers to maintain their status as good and reputable brokers.
One thing that is becoming clear is that brokers that do not acquire CySEC regulation will start finding it difficult to convince traders to use their firm.
Stockpair is once of the few brokers around that not only has their own proprietary trading software, which gives them the ability to listen to what their traders want, but has also opted in for complete CySEC regulation. This means that they have opened their doors to the Capriotic regulation system, and clearly have nothing to hide in terms of their practices and how they do business.
This is a clear sign of a broker that cares about its customers and offers complete transparency in how they run their business. CySEC is known for giving hefty fines to businesses that stray from their strict guidelines. This means that any company regulated by them will not only risk fines up to $100,000, but will suffer the negative publicity that surrounds it. No one will want to trade with a company that is fined for violation of misappropriating trader funds for example.
OK, so not that we've gotten that out of the way and we know that Stockpair can be trusted, how are they as an actual broker?
Well, unlike 95% of the binary options brokers out there who utilize white label licenses from other companies who make binary trading software, like Spotoption, Tradeologic and Tech Financials, Stockpair has taken the time, money and effort to create their own trading platform. They initially started out as only a pair trading group, but in early 2012 recognized the market demand of binary options, and added their own flavor of the trading method to their platform.
Stockpair has created a great platform that just feels much better than any other platform out there. Not only does it look and behave much better than any of the other generic trading platforms, but they also have other great features that are not available anywhere else.
For example, expiry times with Stockpair are completely customizable by the users. There are no fixed expiration dates. Rather the expiration is determined as an amount of time from the time that the trader enters the trade, be it 15 minutes, 30 minutes or even a few hours or days. This level of flexibility is unheard of in the binary options world.
Another important feature of their platform is that they have the ability to offer certain customers technical analysis tools, which, when used properly, can greatly increase the trader's chances of success.
All in all Stockpair offer one of the best binary options trading platforms currently available. They should be your broker of choice if you are looking to enter this market.
The minimum deposit required to start trading with them is only $200, with the minimum trading amount at $20 per trade. This is more than adequate for any trader, be it a professional or a new trader.
This competition is making it increasingly harder for binary options brokers to maintain their status as good and reputable brokers.
One thing that is becoming clear is that brokers that do not acquire CySEC regulation will start finding it difficult to convince traders to use their firm.
Stockpair is once of the few brokers around that not only has their own proprietary trading software, which gives them the ability to listen to what their traders want, but has also opted in for complete CySEC regulation. This means that they have opened their doors to the Capriotic regulation system, and clearly have nothing to hide in terms of their practices and how they do business.
This is a clear sign of a broker that cares about its customers and offers complete transparency in how they run their business. CySEC is known for giving hefty fines to businesses that stray from their strict guidelines. This means that any company regulated by them will not only risk fines up to $100,000, but will suffer the negative publicity that surrounds it. No one will want to trade with a company that is fined for violation of misappropriating trader funds for example.
OK, so not that we've gotten that out of the way and we know that Stockpair can be trusted, how are they as an actual broker?
Well, unlike 95% of the binary options brokers out there who utilize white label licenses from other companies who make binary trading software, like Spotoption, Tradeologic and Tech Financials, Stockpair has taken the time, money and effort to create their own trading platform. They initially started out as only a pair trading group, but in early 2012 recognized the market demand of binary options, and added their own flavor of the trading method to their platform.
Stockpair has created a great platform that just feels much better than any other platform out there. Not only does it look and behave much better than any of the other generic trading platforms, but they also have other great features that are not available anywhere else.
For example, expiry times with Stockpair are completely customizable by the users. There are no fixed expiration dates. Rather the expiration is determined as an amount of time from the time that the trader enters the trade, be it 15 minutes, 30 minutes or even a few hours or days. This level of flexibility is unheard of in the binary options world.
Another important feature of their platform is that they have the ability to offer certain customers technical analysis tools, which, when used properly, can greatly increase the trader's chances of success.
All in all Stockpair offer one of the best binary options trading platforms currently available. They should be your broker of choice if you are looking to enter this market.
The minimum deposit required to start trading with them is only $200, with the minimum trading amount at $20 per trade. This is more than adequate for any trader, be it a professional or a new trader.