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4.66/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $100
Trading platform:
  • MetaTrader4
Foundation date:
  • 2022
15
users picked this broker in 3 months
Check out the Best Forex brokers of United States
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Our Evaluation of Range Markets

4.66/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

Range Markets is a broker with higher-than-average risk and the TU Overall Score of 4.66 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Range Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

The Range Markets broker is focused on currency traders who prefer trading with high leverage or copying trades in the MT4 platform.

Brief Look at Range Markets

Range Markets 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 Markets 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.

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Advantages of trading with Range Markets:
  • 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.
Disadvantages of Range Markets:
  • 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

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

Range Markets offers Forex and CFD trading through the MetaTrader 4 platform, with a focus on high-leverage trading and a variety of account types, including Cent and Classic. The company provides traders with market analytics and supports scalping, hedging, and automated trading. Its clients benefit from spreads starting from 0.5 pips, dynamic leverage up to 1:500, and the absence of restrictions on using advisors and bots.

However, Range Markets faces significant drawbacks, such as operating without a license for its brokerage activities and a limited choice of payment systems. Additionally, the range of CFDs is narrower compared to competitors, and client support lacks live chat. Consequently, Range Markets may not be suitable for traders who prioritize regulatory oversight and extensive asset diversity.

Range Markets Trading Conditions

💻 Trading platform: MetaTrader 4 (desktop, mobile)
📊 Accounts: Demo, Silver, Palladium, Gold, Platinum
💰 Account currency: USD
💵 Deposit / 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
💱 EUR/USD spread: 0,1 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
📋 Order execution: Market execution
⭐ Trading features: Dynamic leverage 
🎁 Contests and bonuses: No

Range Markets 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 Markets Key Parameters Evaluation

User Satisfaction i

Score:
4/10

Share your experience

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Ledoy
1 year ago

Range Market is an adequate broker. The main thing is that there are no problems with withdrawals. However, I cannot say that I am completely satisfied with the work of the broker, but it is at its best as compared to other companies)

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dodik
1 year ago

Friends, before you scold range market, look at the terms of the user agreement. I will give advice to everyone: read the terms of user agreements, contracts, regulations, and other documents before you plan to start working with a particular company. Believe me, this will help you in the future!

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Alenagob
2 years ago

When trading on the Range Market, orders are executed not as they should, but as the broker needs. It seems that the server is set up to bring profit to the Range Market, and not to its clients. Be careful with them!

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AchmedSt
2 years ago

I am currently choosing a broker for Forex trading. I don’t consider Range Market for sure, there are a lot of negative reviews about them on the Internet. I'll look for more, I don't want to risk my money, because I'm still a beginner ...

Score:
4.02/10

Trading Account Opening

A user account on the Range Markets website is needed for opening a trading account, making a deposit, and managing funds. To create it, follow these steps:

1

Visit the official Range Markets website, find the “Open Live Account” button, and click on it.

Review of Range Market’s User Account — Creating a trading account
Review of Range Market’s User Account — Creating a trading account
Review of Range Market’s User Account — Creating a trading account
Review of Range Market’s User Account — Creating a trading account
2

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.

3

In your Range Markets user account, the following actions are available:

1. Loading documents for verification:
Review of Range Market’s User Account — Verification
Review of Range Market’s User Account — Verification
2. Linking a bank account to make a deposit:
Review of Range Market’s User Account — Entering bank information
Review of Range Market’s User Account — Entering bank information
1. Loading documents for verification:
Review of Range Market’s User Account — Verification
Review of Range Market’s User Account — Verification
2. Linking a bank account to make a deposit:
Review of Range Market’s User Account — Entering bank information
Review of Range Market’s User Account — Entering bank information

Your Range Markets user account also provides access to:

  • Account overview and recent activity data.

  • Email notification settings — marketing emails, system notifications about account security violations, and e-statements.

  • Financial operations including account balance replenishment, transfer of funds between own accounts, withdrawal of profit, and history of transactions.

  • Editing previously entered personal information.

  • Generating quick reports on deposits or withdrawals, and account statements for a certain period.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
3.7/10

Regulation and safety

Range Markets has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Is regulated
Disadvantages
  • Not tier-1 regulated

Range Markets Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
SVG FSA SVG FSA Financial Services Authority of St. Vincent and the Grenadines St. Vincent and the Grenadines No specific fund Tier-3

Range Markets Security Factors

Foundation date 2022
Negative balance protection No
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
8/10

Commissions and fees

The trading and non-trading commissions of broker Range Markets have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Low Forex trading fees
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Range Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Range Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Range Markets Standard spreads

Range Markets Pepperstone OANDA
EUR/USD min, pips 0,3 0,5 0,1
EUR/USD max, pips 0,6 1,5 0,5
GPB/USD min, pips 0,3 0,4 0,1
GPB/USD max, pips 0,9 1,4 0,5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Range Markets RAW/ECN spreads

Range Markets Pepperstone OANDA
Commission ($ per lot) 5 3 3,5
EUR/USD avg spread 0,1 0,1 0,15
GBP/USD avg spread 0,15 0,15 0,2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Range Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Range Markets Non-Trading Fees

Range Markets Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
3.97/10

Account types

To enter the real Forex market, a trader must open a trading account. Range Markets 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:

Account Type
Description
Silver
is a cent account that requires a minimum deposit of $100.The maximum leverage is 1:500.
Palladium
is a standard account designed for trading with leverage up to 1:100. The minimal deposit is $100.
Gold
is an account with high leverage, with a maximum value of 1:400. To trade under these conditions, the account balance must be deposited with at least $500.
Platinum
is an account with the narrowest spreads. Allows trading with leverage up to 1:300. The requirement for an initial deposit is $5,000.

Each trader has access to a free demo account with a $100,000 virtual deposit on MT4.

Range Markets has considered various trading preferences and has developed account options with optimal conditions for both experienced and novice traders.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
5.5/10

Deposit and withdrawal

Range Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Range Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Advantages
  • Low minimum withdrawal requirement
  • Minimum deposit below industry average
  • Bank card deposits and withdrawals
  • No withdrawal fee
Disadvantages
  • Only major base currencies available
  • Limited deposit and withdrawal flexibility, leading to higher costs
  • BTC payments not accepted

What are Range Markets deposit and withdrawal options?

Range Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.

Range Markets Deposit and Withdrawal Methods vs Competitors

Range Markets Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC No No No

What are Range Markets base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Range Markets supports the following base account currencies:

What are Range Markets's minimum deposit and withdrawal amounts?

The minimum deposit on Range Markets is $100, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Range Markets’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
3.5/10

Markets and tradable assets

Range Markets offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 50 Forex pairs.

Advantages
  • Indices trading
  • 50 supported currency pairs
Disadvantages
  • Bonds not available
  • Crypto trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Range Markets with its competitors, making it easier for you to find the perfect fit.

Range Market Plus500 Pepperstone
Currency pairs 50 60 90
Total tradable assets 2800 1200
Stocks Yes Yes Yes
Commodity futures No Yes Yes
Crypto No Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products Range Markets offers for beginner traders and investors who prefer not to engage in active trading.

Range Market Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading No No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
4.28/10

Customer support

Information

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:

  • Via email;

  • 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/
Score:
5.34/10

Education

Information

All educational materials on the Range Markets website are gathered in the Education section. They are intended for novice traders who want to learn Forex trading.

Information contained in the Education section
What you cannot find on the Range Markets website
Who are the participants of the Forex market?
Analysis of technical indicators 
Description of major currencies
Fundamental analysis 
Advantages of Forex
Instructions on how to work with MT4
Basics of trading currency pairs 
How to connect an expert advisor for automated trading
What are swaps and how are they calculated?
Algorithm for reducing risks in currency and CFD trading 
Explanation of the concept of “one-click trading” 
Forex glossary of terms 

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 Markets with other Brokers

Range Markets Bybit Eightcap XM Group Exness NPBFX
Trading
platform
MetaTrader4 MetaTrader5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4
Min deposit $100 No $100 $5 $10 $10
Leverage From 1:1
to 1:500
From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:200
to 1:1000
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 0 points From 0.8 points From 0 points From 0.4 points
Level of margin call
/ stop out
50%  /  30% No  /  50% 80%  /  50% 100%  /  50% 60%  /  No No  /  30%
Order Execution Market Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Instant Execution, Market Execution
No deposit bonus No No No No No No
Cent accounts No No No No Yes No

Detailed review of Range Markets

Range Markets 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 Markets 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 Markets by the numbers:

  • 58 trading instruments.

  • Over 18,000 active clients.

  • Over 5,000 registered IBs.

  • Approximately 600,000 executed trades.

Range Markets is a broker that adapts to margin conditions based on the size of the capital in the account

All Range Markets 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 Markets 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:

  • Market analysis. Forex news and reviews, compiled by using technical analysis, are regularly published on the company’s official website.

  • Trading sessions schedule. The client’s user account provides the hours of operation for the London, New York, and Tokyo exchanges.

  • 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:

1

The company has been providing brokerage services for over 20 years.

2

Clients can use various trading strategies, including, scalping, trading on the news, and hedging.

3

Islamic account types are available upon request, allowing positions to be held for more than one day without swap charges.

4

Copying of trading signals from third-party providers is allowed.

5

The broker provides MT4 mobile applications for trading “on the go”.

Trading commissions for Range Markets clients vary depending on the size of deposits made to the accounts balance; commissions decrease as the deposited amount increases.

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