RANGE MARKETS

Range Markets, operating as rangeforex.com, is a forex and CFD broker founded on 26 March 2019 and registered in Saint Vincent and the Grenadines. The company is domiciled at Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines. It presents itself as a global online trading provider offering direct access to thousands of financial markets through its proprietary trading environment.

The broker targets both retail and institutional clients, with a stated mission to empower traders of all levels. Its official website emphasises transparency, competitive pricing, and secure trading conditions. However, as of the time of this review, Range Markets holds no known regulatory licences from any major financial authority, which is a significant consideration for prospective traders.

Range Markets is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines, a jurisdiction known for its relaxed regulatory framework. The broker does not list any financial regulator on its website or in public records. The absence of oversight from bodies such as the FCA, CySEC, or ASIC means that clients have limited recourse in the event of disputes or broker insolvency.

FXCanary's Scam Risk Score for Range Markets is 75 out of 100, indicating a severe risk level. This high score reflects the combination of an unregulated status, a high-leverage offering (up to 1:1000), and the typical risks associated with offshore brokers. Traders should exercise extreme caution and consider the lack of regulatory protection before depositing funds.

Range Markets provides seven distinct account types: Exclusive, Elegant, Elite, PRO, Premium, Classic, and VIP. All accounts share a minimum deposit of $100, but differ in leverage and maximum deposit limits. The Classic account offers the highest leverage at 1:1000 with a maximum deposit of $1,000 and a commission of $20 per lot.

The Premium account allows deposits up to $50,000 with 1:500 leverage and a $15 commission. The VIP account cap is $100,000 with 1:200 leverage and likely no commission (implied by the website listing spreads as 0). The PRO account is limited to 1:100 leverage.

All accounts are marketed as having zero spreads (though commissions are charged on some tiers). They support market execution and offer MetaTrader 4 as the sole trading platform. The margin call level is set at 50% with a stop-out at 30%. Minimum trade sizes vary from 0.01 to 0.1 lots depending on the account, and maximum trade sizes range from 1 lot (Classic) to 25 lots (VIP).

The broker exclusively offers the MetaTrader 4 (MT4) platform, available for desktop, web, and mobile devices. MT4 includes 9 time frames, advanced charting tools, automated trading via Expert Advisors, and 128-bit encryption for security. The broker highlights one-click trading and free indicators as key features.

Tradable instruments cover forex (major and exotic pairs), metals (gold and silver), oil, indices, and CFDs. The broker claims deep liquidity and fast execution without dealing desk intervention. A free demo account is available for practice.

Range Markets supports multiple funding methods, including Visa, Mastercard, local bank transfers, and cryptocurrencies (Bitcoin, Ethereum, Tether). The broker states that all transactions are processed via encrypted channels and that client funds are held in segregated accounts. It also claims multi-currency support and no hidden fees.

Withdrawals are processed to the registered account holder via wire transfer. The broker advertises 'instant withdrawals' but does not specify processing times for each method.

The broker provides customer support via email for different departments: general enquiries (support@rangeforex.com), partnerships (partners@rangeforex.com), technical issues (execution@rangeforex.com), client services (info@rangeforex.com), finance (finance@rangeforex.com), and back-office (backoffice@rangeforex.com). Working hours are Monday to Friday.

The website claims over 5,000 active traders and partners. However, no physical office addresses other than the registered SVG address are listed, and the broker does not appear on major industry comparison sites.