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Option Range is a binary options platform that allows traders to trade currencies, commodities, stocks and indices, all with the touch of a button. During the course of this Option Range review, we set out to determine not only how the service works, but what truly sets Option Range apart from other binary options platforms. Check out our findings in the Option Range review below, and determine if this is the right platform for you.
Founded in: 2011
Headquarters: Limassol, Cyprus
Minimum Deposit: $50
Minimum Trade Amount: $10
Maximum Per Option: $750
Languages available: English, French, Russian
We thoroughly enjoyed using the Option Range trading platform because it allowed only 4 tradable items to be displayed in one screen, eliminating the busy feel of many other binary options trading platforms. Stocks, indices, currencies and commodities are each self-contained in their own tabs, and traders can toggle easily between all of their trading options. The one touch and range trading options, available in most binary options trading platforms, are also found in their own tabs, which we found additionally useful.
Digital trading view
Touch trading view
Throughout our Option Range review we had no trouble finding exactly what actions we wanted to take, nor did we have trouble placing any trades. The entire platform should be entirely understandable for anyone who has even minimal experience with binary options trading.
Option Range offers standard features including a brief description about how their platform works and a live news feed that updates regularly, and can be found directly in the platform, for easy access. The platform also includes a stream of recent prices for traders who place trades based on market analysis or trends. Like most binary options platforms, Option Range does not yet provide its own analysis.
One feature that was not especially clear on the website but is entirely useful is the ability to trade with $500 of play money which is deposited into your account immediately upon opening. This money can be used to place practice trades, and will be available for 3 days after opening the account, or until real money is deposited.
Traders can take advantage of the ‘close now’ option which can ensure profitability before the expiry time, and the ‘extend trading’ option which allows a trade to remain open past the expiry time so that hopefully it will finish in the money at a later time. These options are available only in the digital binary options trading platform.
The company’s binary options tutorial and explanatory information was not quite as thorough as that provided by competing services, but it definitely provided a solid explanation of the system and how to trade binary options.
Although we were disappointed that Option Range does not offer chat or phone support, we were blown away by the speed of their response via email. We emailed the company on a Tuesday in the mid-morning, and received a response within 1 hour, which is a laudable response time. The response answered our questions precisely and provided all necessary details.
Email from Option Range
Ease of Use
By its very nature, binary options trading is rather straightforward, but Option Range clearly makes an effort to keep it this way, by creating a clutter-free, intuitive user interface, which we described earlier in our Option Range review. It is also worth noting that registering for Option Range takes under 1 minute, and that depositing money is equally quick, so that you can begin to trade almost immediately. Upon registration you will receive a confirmation with your username, though the password is hidden for your protection, so you should make sure to write it down during the registration process. Withdrawing funds can take up to four days, which is not abnormal.
Most importantly, Option Range protects traders by offering low minimum deposits and low minimum trade requirements, so that traders aren’t obligated to invest a lot of money, especially during the practice period. A relatively low maximum trade allotment may be misconstrued as a negative by some traders, but we find it refreshing, since it ensures that traders won’t lose too much money on a single losing trade.
Option Range offers an impressive binary options trading platform that makes it easy for traders to profit and protects them against substantial losses. Although we would have liked to see a more thorough educational center, we were largely satisfied with our experiences during our Option Range review period, and we expect that the company will continue to emerge as a strong binary options platform.
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Review info: Option Range
Review Date: 2012-10-25
Rating : 1.5
Reviewed By : Sara Patterson (Google+)