Stockpair engages in trading that is regulated by the IFSC. While the prominence and capabilities of a broker are important, these alone are not enough for traders to base their decisions on.
What traders also frequently look at is the minimum amount of money that they are expected to deposit into their trading account. You can read the stockpair review here.
To assess this situation, let’s dissect the regulations that Stockpair has in place for this transaction:
There are different accounts available with Stockapair. To be able to utilize the various services that Stockpair offers, you have to sign up with one of these accounts.
There are several levels to these accounts, and the more you deposit, the higher the account that you can access. The most basic account, however, is known as the Live Trading Account. In order to register with this account, you will be expected to deposit at least $250, £250, or €250. Once the money has been deposited, you will be able to begin trading.
There are several premium accounts that you can access as well. These are the Silver, Gold, Platinum, and VIP accounts. The Silver account requires a $1000 deposit, while the VIP one can only be accessed after a sum of $50,000 has been placed in the account. There are more advantages and services offered by these accounts, nonetheless.
With Stockpair, you are able to deposit money into your account through many different methods. This includes being able to use credit cards, wire transfers, and online payment methods. The options offered to traders include Visa, MasterCard, Skrill, Neteller, and Qiwi Wallet. This broker tends to continuously update the ways that traders are able to deposit money into their accounts.
You can choose to send the money via credit card or wire transfer from any region. However, there are certain restrictions placed with Qiwi Wallet. This method is only available to traders in Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Tajikistan, Ukraine, Uzbekistan, Russia, and Moldova.
You should also be aware that while some methods may result in an instantaneous deposit, others may take time. In most cases, credit cards and online payments often offer instant transactions.
Wire transfers are more likely to take several days before the money is placed in your account. In some instances, there may also be certain fees levied against the trader. This charge must be accepted by the trader.
When you first sign up for your account, you will be given the option of choosing among several currencies. It is this currency that you will conduct all of your trading in. In addition, it is in this specific currency that your deposits as well as your withdrawals will be calculated in.
You can choose from US Dollars, Euros, and British Pounds. You should note, however, that the choice you make will be permanent. Once you have decided to trade (and deposit) in a certain currency, you will be unable to change it.
Minimum Trade Amount
As with the minimum deposit, Stockapair requires its traders to make a minimum investment. This is the least amount of money that traders are allowed to invest in any one trade. This amount tends to change from one broker to another. With Stockpair, the smallest sum you can invest with is $20.
Compared to other brokers, this amount is considered to be in the midrange. It also allows traders the option of being able to receive higher payouts from the trades.
This is what you are required to know about the deposit policies of Stockpair. You should be willing to place at least $250 dollars if you wish to set up an account and begin trading. It is important to understand this information before you make a decision regarding any one broker.