Range Markets Review
Range Markets Review
Range Markets offers its clients several account types, depending on their initial deposit. There is also a Micro account type, available with an investment of just $10. All account types provide market execution, variable spreads and micro tradeable lots on the industry’s standard Metatrader 4.
Besides, swap-free accounts are also available to investors of Islamic belief upon request.
Generally speaking, the trading conditions of Range Markets are quite reasonable – low minimum initial deposit required, high leverage levels offered and average spreads.
The Company. Security of Funds
Range Markets is an offshore brokerage, offering online trading in 63 Currency Pairs, Gold, Silver, Oil, and Stock Indices on the popular MT4 platform.
Behind the brand is Range Markets Ltd., a company, registered in St. Vincent and the Grenadines with the local Financial Services Authority (FSA) as an International Business Company (IBC). Consequently, Range Markets `s activity is supposed to be supervised by the FSA, but in fact the SVG regime is one of the most liberal ones.
SVG-based brokers don’t face any of the strict requirements UK-based brokerages do: they are not required to report regularly to any authority, nor to conduct external audits; IBCs are not obliged to hold clients’ funds in segregated accounts, to possess certain minimum capital in order to prove their financial stability, nor to arrange a compensation scheme in the event of insolvency.
Simply put, if you choose to open an account with a SVG-based broker, your funds are far from safe. This is why we advise traders who intend to invest large amounts of money to select among well-regulated brokers with strict reporting and money rules, such as UK or Swiss brokers, where the respective financial watchdogs are always on alert.
Like most brokers, Range Markets supports the most popular trading platform, Metatradeer 4 (MT4). It is designed for all sorts of traders. Whether you prefer to trade using automated algorithms, technical indicators, or fundamental analysis, you’ll find it in MT4.
The platform has user-friendly interface and is equipped with advanced charting tools, large number of technical analysis indicators, wide range of Expert Advisors (EA), as well as extensive back-testing options for them.
Methods of Payment
Range Markets offers its clients a variety of payment modes: bank wire transfer, via credit/debit cards or e-wallet Neteller.
Range Markets offers online trading in a wide range of instruments under reasonable conditions on the MT4 platform. The only thing that bothers us with this broker is its light touch regulation.
Range Markets Review Conclusion
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