Binary and digital options are prohibited in EEA.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

IQ Option compared to StockPair 2019

  • Broker Name: IQ Option
  • Min. Deposit: $10
  • Min. Investment: $1
  • Max Returns: 91%
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • StockPair
  • $250
  • $20
  • 85%
  • Yes
  • Yes
  • No
  • Yes
  • Yes
  • Yes

Most South African Traders nowadays do research about digital options. There are trusted sources on the internet who have contributed toward the growth in traders’ awareness in South Africa. The main reason for this is that there is an undeniable proof that traders can make a lot of money faster through digital options than most other online trading. There are many emerging reputable brokers in the industry in South Africa, yet it is important to know the nitty-gritty of each digital option that you are able to choose from since money does not grow on trees. Comparison of digital option features is a must in trading. South African traders must weigh all possible options before placing money to trade on any platform.

digital options brokers let you invest your money more wisely compared to other online companies. They also give you good value for your money. Both, IQ Option and Stockpair, are two of the few digital options brokers who have established their own trading platform rather than using a third-party platform provider.

However, there are several features that make IQ Option better than Stockpair. Here are some factors that you should consider:

Trade Speed & Reaction
Trade speed and reaction are one of the most essential factors that you should consider when choosing a digital options trading platform. Regardless of whether you follow a signal or enter a trade as soon as you are able to get the signal, speed can be a make or break factor in trading. That is why you need to choose a platform that has a good speed and reaction feature.

Both, IQ Option and Stockpair, are fast. This means that you can consistently optimise the platform for performance. In IQ Option, your quotes and graphs are consistently updated and no time is wasted. Only they offer the feature called off “buy in one click”, which automatically trades without the need to wait. This is a unique feature of IQ Option and you are allowed to turn on and off easily whenever you want to.

Visuals
The interfaces of both (IQ Option and Stockpair) trading options interfaces are very clean and good looking, but IQ Option is very focused and detail-oriented on trading. The moment you enter its platform, you can see relevant information on the screen without marketing and other distractive elements. The animations and adjustment of the screen are all flawless and look very good.

On the other hand, Stockpair’s graph is very basic. There is a “zoom” option that allows South African traders to change the zoom level of the graph. IQ Option offers candlestick graphs in its images. A South African trader can change the resolution of its graph in accordance with their interest.

Navigation
Navigation on IQ Option platform is easy and intuitive. There are several “favourite’ assets placed on the menu at the top of the screen and are readily available after pointing to the “all assets” menu dropdown. This platform clearly displays how many of the assets are open for trade. Moreover, you can also remove those, which are closed from being visible. The updated payout is also visible on the list. You do not need to click through all of the assets to find out the highest payout. There is also a handy search option when you know what assets you are looking for. This saves you a lot of time browsing the platform.

In Stockpair, you can also browse very quickly. The Stockpair platform offers a “choose expiry” option that filters expiry rates between sixty seconds to five months.

Account Monitoring
Stockpair’s monitoring is good. After you input a trade, it automatically displays your position. It states whether you are in or out of money. It also tells you how much you have invested and how much you can expect in payout.

But IQ Option’s accounting monitoring is one of the best features it has. As soon as you input the trade, it also automatically appears on your screen. You can see when the option is due to expire, your current estimated payout and how much time you have before it expires. You can also access its reading history, which will give you a list of all your closed trades and other relevant details that you can sort as you like.

Minimum Deposit
The minimum deposit for Stockpair is $250. This means that you cannot open an account with less than the stated amount. This is somewhat mid-range as most brokers have lower minimum deposits. It also has different account levels, which depend upon the amount you deposit. Also, Stockpair has a minimum trade amount of $20. Any amount lower than $20 will not be accepted.

IQ Option compared to Stockpair, gives South African traders the chance to start trading with a very low minimum amount. The traders can start trading with IQ Option by depositing only $10. This is the lowest minimum deposit among all the digital options so far.

Features
IQ Option is offering free periodic trade tournaments. South African traders with active trading accounts can participate in these tournaments. This gives the traders a good way to practice trading methods without putting their money and capital at stake. They also have the “recent trade” feature, which offers an interface that shows all the recent trading activities that involved the assets you are currently looking at.

Stockpair also has some features including “pairs” where they allow the pairing of twin assets that are predicted to perform well together. These are the Fixed and Floating features.

Withdrawal process
Many of the brokers today take their own time for paying out the profits to the South African traders. Stockpair is straight forward with their withdrawal policies and has a good reputation regarding the promptness of payment. It usually takes two days when working with their withdrawal system.

However, IQ Option has a much better reputation. The withdrawal process of IQ Option compared to Stockpair is very quick and easy. They offer the traders several options to withdraw their money. These include bank cards, web wallets, Neteller and Skrill. Depending on the option you choose, the process usually takes between 1 and 3 working days.

Conclusion

Stockpair is an excellent digital options platform for trading. It is definitely a good choice. But IQ Option compared to Stockpair stands out among the South African brokers because of having a unique trading system. IQ Option has a smoothly running operation and a good track record with a strong customer base. It is a solid and trustworthy broker. Finally, it has more exotic tools and up to date features compared to Stockpair, which make digital options trading many times more convenient for you.