BinaryOptionsNow – Stockpair, the most well-known online pair options trading platform, has recently started offering binary options trading as part of its financial instruments selection as well.
This article will briefly cover the binary options trading interface available at StockPair and how it rates as compared with the other “mainstream” binary brokers.
Stockpair Interface and Usability
The interface of the Stockpair binary options platform is very sleek and modern, it’s almost identical to the interface used for pair options for those who are familiar with it. The interface has also been optimized for mobile trading meaning traders will have an easy time using the platform on their mobile devices.
Everything on the interface is very straightforward and has been designed in the way to be intuitive and easy to use. On the left side of the screen, traders will be able to select the assets available. The middle contains historical data related to the option and the current position and also offers an indication of trader sentiment on the financial asset selected for trading. On the right side, traders will be able to select their option as well as execute trades.
Payouts and Expiry Times
Stockpair offers payouts as high as 350% for pair options however the payouts on binary trades are much more in sync with the industry norms of 65-85%. Most binary options available at Stockpair offer payouts averaging 82%.
Most of the expiry times available at Stockpair are in 1 hour increments as well as at the end of the trading day. This is standard in the binary options business but some traders prefer options with much shorter expiry times such as 30 minutes and even less for those who like the 60 second options offered at TradeRush and 24Option and others. This is one of the downsides of trading with Stockpair.
Stockpair offers a sizeable selection of assets beyond the average offered by other binary options brokers. The assets available are as follows:
Forex: AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY
Indices: CAC40 Index, DAX Index, FTSE Index, NASDAQ, S&P Index, TADAWUL Index
Stocks: Stocks of over 100 companies including Apple, Microsoft, Google, Facebook, AOL, eBay and more.
Commodities: Gas, Oil, Silver and Gold
Languages Available and Customer Support
One of the greatest aspect of the services offered by Stockpair is the fact that they are available in different languages besides English such as French, Spanish, Dutch and Arabic. This will allow traders speaking these languages to trade online in their native tongue.
The website’s support department can be contacted using live chat, telephone and email. Live chat is in our opinion the best form of support but contacting support though the phone is equally recommended.
Deposits, Withdrawals and Safety
Traders are able to make deposits at Stockpair using credit card, wire transfer and cashU. Some traders might say that these three options aren’t sufficient but the reality is they will do just fine for the large majority of traders. Everyone these days has a credit card and a bank account, especially traders.
Withdrawals will be taken care by credit card transfers and wire transfers. Traders will have to note that they can only use credit card withdrawals up to the sum they have deposited. To cash out any winnings wire transfer will have to be used.