Credibility in the binary options industry is crucial as it can determine which brokers will strive and which ones will go out of business. The most obvious factor most traders are considering when assessing a broker is whether proper licensing and registration is in effect. At Stockpair, this process took a few years but at the beginning of 2014, the company finally obtained registration by CySEC. While this is neither a guarantee nor protection against malpractice, you can rest assured that any firm registered by this organization takes its business very seriously.
Aside from registration, you may still be wondering about Stockpair’s status. Is Stockpair a scam? We firmly believe it most definitely is not. This firm is the first of its kind to put a unique spin on traditional binary options by offering the opportunity to trade pair options as well. It has worked hard for its stellar reputation among traders.
As with any type of trading activity, some will profit and some will lose. In the past, this broker was the subject of a few complaints pertaining to trades gone wrong and withdrawal issues. These are most likely coming from traders who were unaware of the implications of binary options trading and who did not read the terms and conditions of the broker prior to registration. Other than these, most traders report being satisfied with their experience with this broker who offers timely withdrawals and excellent customer support whenever an issue arises.
Stockpair is very forthcoming with its policies as well as the risks involved with trading binary options. As a trader, it is your duty to assess the broker and determine whether it meets your needs or not. For a one-of-a-kind trading experience, this is a broker worth considering. It is safe and offers fair trading opportunities to traders of all levels.