Logo
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Company Information
https://pforex.vip/r/Binary-Optionrange
Moving Account
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Rebate & Cashback
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Min Deposit
100
Foundation Date
–
Headquartered
–
Max Return Rate
75
No of Assets
100
Min Trade
25
Regulation & Company Information
Optionrange 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.
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.
Platforms
Features
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 ‘extends 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.
Ease 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 are not 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.
Final Thoughts
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.
Supported Language
- English
Withdrawal Method
- Credit/debit cards
- Wire transfer
Contact Information
You can contact OptionRange via [email protected]
Adavantages
Digital Option
Digital is a term used by Option Range to describe the most popular binary option trade available: the ‘above’ trade / ‘below’ trade. This can also be described as the ‘up’ trade / ‘down’ trade.
The objective of a trader in executing an up trade / down trade binary option, is to determine whether the price of a particular stock, indices, currency or commodity will move above or below a predetermined strike price by the time of the binary option’s expiration. An example is shown below:
Victor has been watching the equity markets and has been monitoring the progress of Apple Inc. on the NASDAQ. He has seen over the past few hours the trend is for rising prices. Victor has also read that Apple Inc. is due to announce the release of its next generation iPhone and as such he believes the price of Apple will continue to increase.
Victor decides to purchase a binary option. He thinks the price of Apple Inc. will be above its current price at the time of expiration in one hour. He subsequently purchases a one hour ‘Call Option’ for US $100 that has a fixed rate of return of 81%. This means if he has predicted correctly, Victor will earn $81 profit, as well as his original $100 investment. (Note: If Victor believed the price of Apple would be below the strike price at the time of expiration, he would have purchased a ‘Put’ option).
The core advantage of a digital option is that there is a fixed rate of return. This means the trader can measure their total exposure, and subsequently their potential profit, before investing a single cent. Digital option traders can therefore fully control their risk and their levels of exposure to ensure they do not trade beyond their level of reserve, significantly increasing their chances of earning great returns on investment.
Constant price updates on the Option Range platform gives traders real time market pricing that allows traders to keep tabs on the price movements of their chosen digital options. It also means they can confidently use the extra trading tools which Option Range provides to its traders.
Touch Option
In addition to Digital Trading, Option Range offers its traders the ability to trade ‘Touch’ binary options. The basic principle is based upon a binary option ‘touching’ a designated strike price within the time the binary option is open. This type of trade can also be referred to as one-touch uptrades, or one-touch downtrades.
Touch binary options trading is easy to understand and is an instrument used by both beginner and professional traders. Touch trades work as follows.
The binary option touch trader chooses which stock, indices, currency or commodity he would like to trade, and after some basic analysis he purchases either a Call, or a Put touch option (a one-touch uptrade or a one-touch downtrade). The trader is attempting to predict whether the price of his selected stock options, indices, currency or commodity will touch a predetermined value by the close of the option. As soon as the price touches his upper or lower strike line, the trader is in the money.
Range Option
Range trading allows the binary options trader to make a prediction as to whether a specific stock, indices, currency or commodity will finish between two prices within a set time period. The two prices are referred to as the upper strike price and the lower strike price.
If the trader decides his selected binary option will finish within a set range within a predetermined period of time, he will purchase an ‘In’ trade. If the trader believes the price of the option will finish outside this range, he will purchase an ‘out’ trade. If the trader selects an in trade and his option price does in fact finish within the range, he will be in the money.