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 Markets
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 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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- 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
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
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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:
Visit the official Range Markets 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 Markets user account, the following actions are available:
Your Range Markets 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
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.
- Is regulated
- Not tier-1 regulated
Range Markets Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 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 |
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.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- 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 |
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:
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.
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.
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Bank wire transfers available
- No withdrawal fee
- USDT payments not accepted
- 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.
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.
- Indices trading
- 50 supported currency pairs
- No ETFs
- Limited asset selection
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 |
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 Markets 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 Markets with other Brokers
| Range Markets | Bybit | Eightcap | XM Group | Octa | LiteFinance | |
| Trading platform |
MetaTrader4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader4, MetaTrader5, OctaTrader | MT4, MT5, MultiTerminal, Sirix Webtrader |
| Min deposit | $100 | No | $100 | $5 | $25 | $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 1:40 to 1:1000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | 7.00% |
| Spread | From 0.5 points | From 0 points | From 0 points | From 0.8 points | From 0.6 points | From 0.5 points |
| Level of margin call / stop out |
50% / 30% | No / 50% | 80% / 50% | 100% / 50% | 25% / 15% | 50% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | Yes |
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:
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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 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:
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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 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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