Range Markets ReviewCategory: Reviews | Author: Trading Brokers | Date: January 29, 2024
Are you considering trading with Range Markets? Before you make a decision, it’s important to do your research and understand the risks involved. In this review, we’ll take a closer look at Range Markets, including its regulation, platforms, educational resources, markets, accounts, and funding options. We’ll also provide our overall assessment of the broker and whether or not we recommend it. So, is Range Markets a reliable broker? Let’s dive in and find out.
Pros & Cons
- The broker provides a range of markets including forex, metals, oil, and CFDs, allowing traders to diversify their portfolios.
- Range Markets offers multiple funding options, including bank wire transfers, debit/credit cards, and e-wallets
- Range Markets offers the popular MetaTrader 4
- The broker provides a range of educational resources, catering to both new and experienced traders
- Range Markets offers a variety of account types to suit different trading styles and experience levels
- Range Markets is registered but not regulated by a recognized financial authority, which could pose a risk to traders
- Limited trading platform options, only offering MT4
- The broker's educational resources, while comprehensive, may not be sufficient for advanced traders seeking in-depth knowledge and strategies
- Execution speed may not be satisfactory for all traders
Range Markets is a broker that’s been catching the eyes of traders looking for a platform that offers a mix of versatility and accessibility. With a base in Saint Vincent and the Grenadines, Range Markets has positioned itself as a broker that aims to address certain gaps in the trading market. They offer the widely-used MetaTrader 4 platform, which is a favorite among traders for its robust features and user-friendly interface. This platform, combined with a selection of educational resources, provides a solid foundation for both new and experienced traders.
The broker offers a variety of account types, from Classic to VIP, each with its own set of features to cater to different trading styles and experience levels. The minimum deposit across all account types is set at an accessible $100, making it easier for traders to start without a hefty initial investment. Moreover, Range Markets provides a range of markets including forex, metals, oil, and CFDs, giving traders plenty of options to diversify their portfolios.
When it comes to funding, Range Markets keeps it straightforward with options like bank wire transfers, debit/credit cards, and e-wallets, ensuring that traders can deposit and withdraw funds with ease. All these features come together to create a trading environment that’s designed to be as accommodating and functional as possible for traders around the globe. While there are always considerations to make when choosing a broker, Range Markets seems to offer a compelling package for those looking to enter the trading arena
Range Markets is incorporated under registered number 22768 IBC 2015 by the Registrar of International Business Companies. It’s registered by the Financial Services Authority of Saint Vincent and the Grenadines and is based out of Saint Vincent and the Grenadines, a small island nation in the Caribbean.
Now, you might be wondering, “What does that mean for me?” Well, it’s important to note that being registered is not the same as being regulated. Regulation involves oversight by a financial authority to ensure that a company is operating within the laws and regulations of the financial industry. Registration, on the other hand, is simply a matter of being on a list of companies that are legally recognized.
So, while Range Markets is registered, it’s not regulated by a recognized financial authority. This means that if you choose to trade with them, you’re doing so at your own risk. There’s no financial authority overseeing their operations to ensure they’re following best practices.
If you’re looking for a regulated broker, there are plenty of other options out there. Please see a list of regulated brokers for some alternative options. It’s always a good idea to do your research and choose a broker that’s regulated by a reputable financial authority.
Platforms & Tools
Let’s talk about the trading platforms and tools offered by Range Markets. Range Markets uses the popular MetaTrader 4 (MT4) platform. MT4 is one of the most widely used trading platforms in the industry. It’s packed with tools and features for analyzing the markets and executing trades. Some key things you get with MT4 are advanced charting capabilities, a variety of order types, expert advisors for automated trading, and the ability to customize just about everything.
As far as tools go, Range Markets offer both market analysis and an economic calendar.
- Market Analysis: The market analysis features allow you to break down the latest news, trends, and events that may impact your trades. This can help you identify potential trading opportunities.
- Economic Calendar: The economic calendar shows upcoming economic events and data releases. These events can directly impact currency values, so knowing what’s coming down the pipeline is crucial for forex traders.
So in summary – Range Markets leverages the popular MT4 platform and provides traders with market analysis tools as well as an economic calendar. These resources can certainly help traders make more informed decisions.
Range Markets offers a variety of educational resources to help traders get up to speed on the ins and outs of forex trading. Let’s take a look at some of the topics they cover.
- Forex Market Player: This resource provides an overview of the key players in the forex market, from individual traders to large financial institutions. Understanding who you’re trading against can help you make more informed decisions.
- Currency Pairs: Here, Range Markets breaks down the basics of currency pairs, which are the foundation of forex trading. You’ll learn about major, minor, and exotic pairs and how they’re traded.
- Benefits of Forex: This section highlights the advantages of trading forex, such as the market’s 24-hour nature, its liquidity, and the potential for profit.
- Forex Introduction: If you’re new to forex, this is a great place to start. This resource provides a comprehensive introduction to the forex market, including how it works, what influences currency values, and how to get started with trading.
- One Click Trading: One Click Trading is a feature that allows you to execute trades with a single click, which can be a major advantage in a fast-moving market like forex. This resource explains how to use this feature and the benefits it offers.
These educational resources can be a great starting point for new traders or a way for more experienced traders to brush up on their knowledge. Remember, knowledge is power in the world of forex trading!
Range Markets offers a variety of markets for traders to explore. Let’s take a look at what they’ve got on offer.
- Forex: Forex, or foreign exchange, is the mainstay of Range Markets. This is where you can trade currency pairs from around the world. Forex trading is all about predicting how one currency will perform against another. It’s a 24-hour market, so you can trade almost any time you like.
- Metals: If you’re interested in trading precious metals, Range Markets has got you covered. You can trade metals like gold and silver, which can be a good way to diversify your portfolio or hedge against risk.
- Oil: Oil is another commodity you can trade on Range Markets. The price of oil can be influenced by a variety of factors, including geopolitical events and changes in supply and demand. Trading oil can be a way to take advantage of these price movements.
- CFDs: CFDs, or Contracts for Difference, are a type of derivative trading. When you trade CFDs, you’re speculating on the rising or falling prices of fast-moving global financial markets. This can include commodities, indices, and more.
So, whether you’re interested in forex, commodities, or CFDs, Range Markets offers a range of markets for you to trade in. Remember, each market comes with its own risks and rewards, so it’s important to do your research and understand what you’re trading.
Range Markets offers four different types of accounts to cater to the varying needs of traders. Let’s break them down.
- Classic Account: The Classic account is a great starting point for new traders. With a minimum deposit of $100 and a maximum deposit of $1000, it’s a low-risk way to get started. The leverage is set at 1:1000, and the spread is 0. The minimum trade size is 0.01 LOT, and the maximum trade size is 1 LOT. The commission is 20, and the platform used is MetaTrader 4.
- Premium Account: The Premium account steps things up a notch. The minimum deposit is still $100, but the maximum deposit increases to $50000. The leverage is 1:500, and the spread is 0. The minimum and maximum trade sizes are 0.01 LOT and 10 LOT, respectively. The commission is 15, and the platform used is MetaTrader 4.
- VIP Account: The VIP account is for more serious traders. The minimum deposit is $100, and the maximum deposit is $100000. The leverage is 1:200, and the spread is 0. The minimum and maximum trade sizes are 0.01 LOT and 25 LOT, respectively. The commission is 10, and the platform used is MetaTrader 4.
- PRO Account: The PRO account is for professional traders. The minimum deposit is $100, and there’s no limit on the maximum deposit. The leverage is 1:100, and the spread is as low as 1 pip. The minimum and maximum trade sizes are 0.01 LOT and 25 LOT, respectively. There’s no commission, and the platform used is MetaTrader 4.
Each account type comes with its own set of features and benefits, so you can choose the one that best fits your trading style and goals. Remember, trading involves risk, so it’s important to understand the terms and conditions of each account type before you start trading.
When it comes to funding your account, Range Markets offers a few different options. Let’s take a closer look at each one.
- Bank Wire Transfers: Bank wire transfers are a reliable way to deposit funds into your trading account. It might take a bit longer compared to other methods – usually around 2-5 business days – but it’s a solid option if you’re not in a rush.
- Debit/Credit Cards: Using a debit or credit card is another option for funding your account. It’s a quick and convenient method, and most traders are already familiar with making online payments using their cards.
- E-Wallets: E-wallets offer a fast and secure way to transfer funds. They’re becoming increasingly popular among online traders due to their convenience and speed.
Remember, each funding method may come with its own fees and processing times, so it’s a good idea to check the details before you make a deposit. And as always, make sure to only trade with money you can afford to lose.
In conclusion, Range Markets offers a variety of features that can appeal to different types of traders. From a range of trading platforms and educational resources to various account types and funding methods, there’s a lot to like about this broker. However, it’s worth noting that while Range Markets offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews. Remember, trading involves risk, so it’s important to do your research and understand what you’re getting into before you start trading.