Why OptionRange is not in the Range of Options for Binary Options Broker

What sets a certain binary options broker from the rest? This is the question often answered by reviews of different binary options broker. If you have a range of options for a broker, you would want to go with a company that can offer you more than what others can. It’s hard enough for new traders to trust a broker, and even harder for newbies to choose the best company to trust. Let’s find out if OptionRange can be your only option among the range of brokers.

OptionRange is a new player in the binary options broker market. It is registered in Cyprus, to be more specific it’s registered in Limassol. Like any other binary options broker, they allow traders to invest on currencies, indices, commodities and stock options. Since the company just started in 2011, there are not many reviews from authority Forex and trading sites yet. Some parts of the www.OptionRange.com website also need some updates for useful information.

Features List

·       Regulated – No current information about it

·       Founded date - 2011

·       Demo account – Yes they provide a demo version that traders can use to evaluate their platform but is only valid for 3 days. The demo accounts are pre-loaded with 500 credits.

·       Starter Bonus –Yes and is based on the initial deposit of traders

·       US Traders Accepted – Yes but traders from Israel, Bulgaria, Nigeria and Cyprus are restricted

·       Easy Deposit Options - Yes through Master Card, Visa, Wire Transfer, WebMoney, Paypal, Western Union, Moneygram

·       Live Chat or Phone Support –No for both phone and live chat support

·       Out of Money refund – No

·       Easy Withdrawals – Withdrawals can be made through a Cheque, wire transfer or credit cards. When the credit card option is chosen, the amount to be withdrawn should not exceed the initial deposit that was made using the same credit card. The minimum withdrawal amount is 250 EUR and should not exceed 2000 EUR per withdrawal.

·       Withdrawal fees – No information stated on the website even on the banking page

·       Asset Classes – Commodities (4), Indices (11), Stocks (22) and Forex (13)

·       Multi-Language – English, Russian and French

·       Minimum Deposit Amount – $50

·       Reputation – Not a lot of reviews are written about OptionRange perhaps because it’s not included in the range of options for many traders. The lack of useful information on their site such as withdrawal fees and an FAQ page contributes to the factor on why traders stay away from their website. The platform however is easy to use and have charts to help you in trading.

Rundown on OptionRange Features

In terms of accounts, OptionRange chose to be simple and less complicated that they only offer one type of trading account for all interested clients. So even if you chose to deposit a small amount of money or it could be the other way around, you will still have the same type of trading account from other members. Other binary options brokers have VIP membership plans and several choices for accounts but OptionRange chose not to discriminate traders with small deposits. Additionally, the opening of account on their website is absolutely free.

Traders can choose rom three trading instruments, which are Digital Option, Range Option and Touch Option. They also provide their traders with tools such as the Extend and Close Now tools. These tools offer flexibility for traders when it comes to making decisions. And since it is a new company, their aim is to get as much traders as members thus they offer affiliate earning opportunities for members who wish to promote them.

Trading Platform of OptionRange

OptionRange thrives on simplicity that’s why their platform is also simple. There’s beauty in simplicity when it comes to binary options platforms, an example of this is the platform of OptionRange. It gives a simple and laidback feel as it eliminates the busy feel of the trading platforms of most binary options broker. In fact, in one screen, there are only 4 tradable items displayed. There are also separate tabs for the different asset classes that they offer. Definitely, their platform will be much appreciated by new traders who don’t need the complexities of other trading platforms.

OptionRange Customer Support

This is an area where OptionRange needs much improvement. As of the moment, there are only two ways to get in touch with them and that is through their email and their contact form. While other binary options broker pride themselves with excellent customer support, simplicity does not seem to be a good characteristic for customer support of OptionRange. Most traders want instant support and this is something that this broker has to offer to prosper and become one of the best.

All in all OptionRange is a simple binary options broker that is great for beginners. However even newbies does not consider them on their range of options for binary options broker because they are lacking in the customer support arena. Since the company just started in 2011, they are already behind their competition when it comes to reputation and popularity. And the lack of great customer support is not helping them advance in the range of options for binary options broker.

AnyOptionReview – Would You Consider Any Other Option for Trading?

In binary options trading, research can be your shortcut to success. Being knowledgeable will take you a long way as far as investment and trading is concerned. If you know a lot about the market, then you would most likely get your investment back in a short amount of time. Your option for brokers will also play an important role in your success. Now you have to ask yourself, is AnyOption any better than any other brokers?

AnyOption is one of the real pioneers when it comes to the industry of Binary Options. Unlike most companies right now who try to sway traders by giving them too much tools to use, this company remained focus on the conservative approach of healthy trading. They don’t overpromise what they offer to traders and don’t blind them with too much bonuses. So pretty much, it’s trading at its best practice and no hocus-pocus. Another great feature to keep in mind is that www.AnyOption.com have minimal deposit requirement at $100.

Features list

·         Regulated – Yes

·         Founded date - 2008

·         Demo account – Yes they provide simple, easy to use, interactive trading environment simulating a real trading account.

·         Starter Bonus – Yes but there is no indication on the website as to how much this will be. When we contacted support via chat, they said that an account representative for members would be discussing about bonuses.

·         US Traders Accepted – Yes but they can only trade stocks as per US regulations.

·         Easy Deposit Options - Yes through credit cards, debit cards and bank transfers.

·         Live Chat or Phone Support - Yes with several international numbers to call.

·         Out of Money refund – Yes (15% for binary options trade)

·         Easy Withdrawals – You have to login to your account and click on the “Withdraw” tab. An instruction will pop out for additional requirements on the withdrawal process. There is also a need for identifying papers before a withdrawal will be successfully made.

·         Withdrawal fees –30 USD/ 20 GBP/ 25 EUR for every withdrawal done after the first free withdrawal per month.

·         Asset Classes –Indices (31), Stocks (54), Forex (9), Option+ (9) and Commodities (4)

·         Multi-Language – English, Danish, Finnish, Greek, Japanese, Indonesian, Malayan, Korean, Portuguese, Swedish, Norwegian

·         Minimum Deposit Amount –$100

·         Reputation – since they are one of the fist few companies that offers binary options trading, it is safe to say that they were able to get enviable reputation from traders around the world. They are considered as the first true binary broker – and that tells a lot about their reputation.

Rundown on AnyOption Features

At AnyOption, you have an access to a demo and profit line feature. This is helpful for traders so that they can follow the advancement of the binary options that they have purchased. They also have a brand-new feature that other companies do not offer which is the Option+. This will give traders the right to sell any of the binary option that they have purchased before it expires. This only means that traders will have another option especially when making decisions for losses or profits.

Another great feature that AnyOption offers is the Roll Forward. This feature allows traders to postpone the expiry cut-off time for their chosen binary option. They can postpone it until the next available expiry time for that option. They also have the One Touch feature that allows traders to make trades even during weekends. Under such feature, traders may get as much as 350% commissions when they are able to make the right forecast.

Another cutting edge feature that they have is the display wall and their SMS service. This will allow traders to check at the possibility of a profit or loss when they buy an option. They can even do this with just the demo account. Although it should be noted that they only offer a 71% profit from one trade as opposed to 81% of other binary options broker.

Trading Platform of AnyOptions

You don’t have to do a special download to trade in AnyOptions and all you need is an Internet connection to operate their trading platform. Just like trading in Binary options, their platform is straightforward and simple. They even provide helpful tools that help traders in making the right prediction. And just like their platforms, these tools are pretty much simple and straightforward - making it easy to use.

Many traders would be delighted to know that they don’t only offer a trading platform via a computer’s browser but they also have a platform for mobile devices. The AnyOption mobile app is available for Androids and iPhones that make binary options trading more accessible and handy. You can even request for the trading results to be sent to your cell phone via their SMS service.

AnyOptionCustomer Support

Although customer service for AnyOption is only available through Mondays to Fridays, there are still a lot of great things to be said about their customer service support. Their response time especially when it comes to chat support is fast and convenient with well-trained staff to help traders. So two-thumbs up for customer support of AnyOption!

When you choose AnyOption to be your broker for binary options, you can be really satisfied that you will not look for any other option anymore. Just try their demo account first and see if this broker is really for you. Keep in mind that in trading, it’s always better to be sure than sorry!