When used smartly, bonuses can be a real asset to a trader’s portfolio. The trick lies in knowing which bonus is right for you and if you think you will be able to meet the withdrawal conditions in order to fully benefit from it.
At Stockpair, this unique company also puts an interesting twist on the typical bonus offer found at most other brokerage firms. In many ways, Stockpair has found a way to circumvent the complex withdrawal rules generally associated with bonuses. Keep reading to find out about the original Stockpair bonus offers.
First Deposit Bonus
Once you open an account and make your first deposit, you will be entitled to a welcome bonus of up to 100%. However, note that the bonus is only offered to clients who deposit a minimum of $500 into their account.
Unlike other brokers in the industry, Stockpair’s bonus is called a Pending Bonus. This is because you will receive this bonus as ‘pending’ in your account. It will only be released to you once you have executed a certain trade volume. Once you hit your target, you will be able to withdraw your bonus from your account with no other restrictions attached.
Stockpair often runs various promotions with different bonus offers. As such, should you choose to accept any other type of bonus (aside from the Pending Bonus), the amount you receive will be subject to a trading volume of 40 times the amount of the bonus before you can withdraw it.
If you get an upgrade to one of Stockpair’s four premium accounts, you will be subject to the company’s cashback policy. Depending on when you reach your target deposit, you may have to wait up to 30 days to request a withdrawal in order to retain the cashback. This policy will be explained to you in detail once you get your account upgrade.