Range Market Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- 2022
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- 2022
Our Evaluation of Range Market
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Range Market is a high-risk broker with the TU Overall Score of 2.54 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Range Market clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Range Market ranks 356 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
The Range Market broker is focused on currency traders who prefer trading with high leverage or copying trades in the MT4 platform.
Brief Look at Range Market
Range Market is a broker that has been providing access to the Forex and CFD markets since 2002. Its services are used by active traders and investors who prefer copying the trades of the most successful MT4 signal providers. Range Market offers high leverage, a wide selection of accounts, and currency pairs. The company provides free market analytics and allows scalping, hedging, and algorithmic trading. The broker is registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) and operates in accordance with the laws of that state.
- Availability of cent and classic accounts.
- Industry-leading MetaTrader 4 trading platform.
- Spreads from 0.5 pips.
- Affiliate program for retail and institutional clients.
- Trading with leverage up to 1:500.
- No restrictions on using advisors and bots.
- Access to news trading, hedging, and automatic trading.
- Absence of a license for its brokerage activities.
- Limited choice of payment systems.
- The range of CFDs is much smaller compared to its competitors.
TU Expert Advice
Financial expert and analyst at Traders Union
Range Market doesn’t offer a wide range of assets like other CFD brokers. Thus, the only metals available are gold and silver, and the only commodity available is oil. However, Range Market lives up to its name as a Forex broker since its clients can trade not only major but also exotic currency pairs with high leverage.
A minimum deposit of $500 can be made via an international bank transfer, while other methods require a minimum of $10. Money from the bank account is credited to the trading account within 2-5 business days. One particular feature of Range Market is that new clients must first deposit funds into a special Landing Account, where the funds will be held until the trader opens a trading account.
However, there are a few features of Range Market that cannot be considered as positive. For example, there is no Live chat on the company’s website, so communicating with its representatives can only be done by email or phone, which is not always convenient for traders. Second, Range Market is an unregulated broker, which means that its clients cannot turn to a third party to resolve disputes. They also cannot receive compensation for losses in the Range Market’s bankruptcy or liquidation.
Range Market Summary
| 💻 Trading platform: | MetaTrader 4 (desktop, mobile) |
|---|---|
| 📊 Accounts: | Demo, Silver, Palladium, Gold, Platinum |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfer, Neteller, Visa, Visa Electron, Mastercard, Maestro cards |
| 🚀 Minimum deposit: | 100 USD |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.5 pips |
| 🔧 Instruments: | Currency pairs, metals CFD, indices, oil |
| 💹 Margin Call / Stop Out: | 50%/30% |
| 🏛 Liquidity provider: | Own quotation provider |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Dynamic leverage |
| 🎁 Contests and bonuses: | No |
Range Market offers standard and cent accounts with a minimum deposit of USD100, which is the only currency of payment. The broker does not set limits on the maximum account a client can trade, but the available lot sizes are restricted. For a Gold account, a client can trade up to 50 standard lots; for a Silver account, the maximum is 100 micro lots. All account holders can have up to 200 open positions simultaneously.
Range Market Key Parameters Evaluation
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Trading Account Opening
A user account on the Range Market website is needed for opening a trading account, making a deposit, and managing funds. To create it, follow these steps:
Visit the official Range Market website, find the “Open Live Account” button, and click on it.
Enter your personal information in the opened form, confirm your email, create a strong password, and answer basic Forex questions. Provide your bank account details if you plan to deposit via bank transfer. Create a “Landing Account” where funds will be held until your trading account is opened. To access your user account, use the password and email address you provided.
In your Range Market user account, the following actions are available:
Your Range Market user account also provides access to:
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Account overview and recent activity data.
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Email notification settings — marketing emails, system notifications about account security violations, and e-statements.
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Financial operations including account balance replenishment, transfer of funds between own accounts, withdrawal of profit, and history of transactions.
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Editing previously entered personal information.
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Generating quick reports on deposits or withdrawals, and account statements for a certain period.
Regulation and safety
The Range Market brand is owned by Range Market Ltd. It is registered in St. Vincent and the Grenadines under the supervision of SVGFSA (Financial Services Authority St. Vincent and the Grenadines).
It should be noted that this does not imply a licensed activity, as SVGFSA does not issue licenses to brokers and does not regulate their activities, but only assigns registration numbers to financial-oriented companies.
Advantages
- High-leverage trading is available
- The broker collaborates with traders worldwide
- Range Market does not differentiate clients into retail and professional categories
Disadvantages
- To undergo verification, you need to provide your passport, tax identification number, and bank account details
- Client funds with Range Market are not protected
- There is no protection against a negative balance
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Silver | From $0.16 | Yes (for bank transfer) |
| Palladium | From $16 | Yes (for bank transfer) |
| Gold | From $14 | Yes (for bank transfer) |
| Platinum | From $5 | Yes (for bank transfer) |
If the trader does not close a trade by the end of the day and swaps it to the next day, the broker calculates a swap commission.
A mandatory step in qualifying any broker is to compare its commissions with those of its competitors. Traders Union analysts have listed the average commissions of Range Market, RoboForex, and PocketOption in a table.
| Broker | Average commission | Level |
|---|---|---|
|
$8.8 | |
|
$1 | |
|
$8.5 |
Account types
To enter the real Forex market, a trader must open a trading account. Range Market offers classic and cent accounts with additional commissions. Islamic analogs of any of the proposed accounts can also be opened upon request. Each client can have no more than 8 active trading accounts. All accounts have floating spreads.
Account types:
Each trader has access to a free demo account with a $100,000 virtual deposit on MT4.
Range Market has considered various trading preferences and has developed account options with optimal conditions for both experienced and novice traders.
Deposit and Withdrawal
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Withdrawal requests are processed by the company’s finance department within 24 hours. Funds can be withdrawn to a bank account, card, or through the Neteller system.
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The transfer speed of money to a bank account depends on the country. The crediting period can take up to 5 business days.
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Range Market does not charge fees for withdrawals and covers payment system commissions. However, withdrawal conditions for the withdrawal of profits are constantly changing, so it is necessary to verify the up-to-date information on the website before opening an account.
Investment Options
Range Market serves not only active speculators but also traders who don’t trade independently. Additionally, to earn extra profits, you can use their partner program. However, the broker doesn’t offer its own investment solutions such as PAMM and MAM accounts or pre-made asset portfolios.
Passive income options available to Range Market clients
Range Market doesn’t specialize in investing, so its registered traders only have access to third-party platforms for additional earnings. The company does not prohibit automated trading. Each of its clients, after installing the MT4 platform to generate passive income, can use:
Trading signals from other traders. You can subscribe to them on the MQL4.community website. After paying a monthly fee for the selected provider's signal transmission, their trades are automatically copied to the investor's account. Subscribers without trading experience can profit from successful trades without actively trading themselves.
Trading bots/advisors. You can also find them on the MQL4.community website in a special store with ready-made applications. There are paid and free advisors available. Additionally, the website has all the necessary guides for setting up trading programs.
Range Market does not verify the effectiveness of trading signals, bots, and advisors. The broker only executes orders and does not charge any fees for copying trades or using applications for algorithmic trading. The investor gives a portion of their profits from successful trades to the signal provider.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Affiliate programs from Range Market:
Range Market invites retail traders and companies to become Introducing Brokers. This type of partnership allows you to earn additional income by attracting new clients.
Range Market’s commission plan is based on the trading activity of the referred clients. Rewards can be withdrawn monthly, on the first business day of the month.
Customer support
The company’s website lists the e-mail addresses of 6 departments. Support agents are active 24/5.
Advantages
- 24/5 customer support during trading sessions
- Option to request a callback
Disadvantages
- Live Chat is not yet available
- Broker’s Facebook and Twitter profiles are inactive
Support can be contacted in several ways:
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Via email;
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Via phone call after filling out a form for a callback request.
In the Contact Us section, it is indicated that support can be requested through online chat; however, there is no button for this action on the website or in the user account.
Contacts
| Foundation date | 2022 |
|---|---|
| Registration address | Range Markets Limited, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines. |
| Official site | https://rangeforex.com/ |
Education
All educational materials on the Range Market website are gathered in the Education section. They are intended for novice traders who want to learn Forex trading.
The company does not conduct trading seminars or webinars, nor does it offer advanced education. However, its clients can practice trading in a simulator, which is a demo account with a virtual deposit.
Comparison of Range Market with other Brokers
| Range Market | RoboForex | Pocket Option | Exness | Octa | AMarkets | |
| Trading platform |
MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, MT5, AMarkets App |
| Min deposit | $100 | $10 | $5 | $10 | $25 | $100 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.5 points | From 0 points | From 1.2 point | From 1 point | From 0.6 points | From 0 points |
| Level of margin call / stop out |
50% / 30% | 60% / 40% | 30% / 50% | No / 60% | 25% / 15% | 50% / 20% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of Range Market
Range Market is a global broker specializing in the Forex market, but it also provides access to trading CFDs on various assets. Its clients are offered a wide selection of trading accounts, including classic, cent, and Islamic accounts. The Range Market team consists of experienced Forex traders who are ready to answer many financial and market-related questions. The company offers educational materials, daily analytics, and favorable partnership conditions for partners.
Range Market by the numbers:
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58 trading instruments.
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Over 18,000 active clients.
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Over 5,000 registered IBs.
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Approximately 600,000 executed trades.
Range Market is a broker that adapts to margin conditions based on the size of the capital in the account
All Range Market clients, regardless of the type of account and the size of the deposited capital, can trade major and exotic currency pairs and CFDs on gold, silver, oil, and stock indices. The broker offers dynamic leverage, the size of which depends on the trading instrument, capital amount, and type of trading account. If the account balance does not exceed $49,999, the client receives leverage within the limits set for their account. For accounts with capital from $50,000 to $99,999, leverage cannot exceed 1:200, and for $100,000 or more, it is 1:100.
Range Market clients trade using the MetaTrader 4 platform. Two versions are available — desktop (desktop computers and laptops with Windows) and mobile apps for Android and iOS devices. The company does not offer the browser-based WebTrader.
Range Market’s analytical services:
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Market analysis. Forex news and reviews, compiled by using technical analysis, are regularly published on the company’s official website.
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Trading sessions schedule. The client’s user account provides the hours of operation for the London, New York, and Tokyo exchanges.
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Market news. The client’s user account includes a real-time panel for tracking events that may impact currency values. The most important news is marked in red, while the less important news is marked in yellow.
Advantages:
The company has been providing brokerage services for over 20 years.
Clients can use various trading strategies, including, scalping, trading on the news, and hedging.
Islamic account types are available upon request, allowing positions to be held for more than one day without swap charges.
Copying of trading signals from third-party providers is allowed.
The broker provides MT4 mobile applications for trading “on the go”.
Trading commissions for Range Market clients vary depending on the size of deposits made to the accounts balance; commissions decrease as the deposited amount increases.
User Satisfaction