Friday, July 27, 2012

OptionRange Review

From what I can tell, OptionRange is the most recent broker to have entered the Binary Option world and it clearly looks like they wanted to bring something different to the game and separate themselves from the pack. The big surprise here is the low minimum deposit of $50 and $10 per bid which is great for newcomers who do not want to shell $100 to $200 to start.

. User Friendly:8/10
OptionRange displays an easy to use interface which will keep newcomers and experienced trader happy.Its platform is powered by Tradologic and lets you see four different options at once.


Payout Rates: 9/10
With a payout rates of up to 81%, OptionRange is well above average in compare to other brokers who have a lower rate, so big thumbs up on this area.










Assets & Expiry Times: 7/10

OptionRange has a very wide arrays of assets to trade on so they seems to be above average on this area. From currencies to indexes to stocks, they compare very well to other competitors's assets offering.

They even have stocks that I haven't seen elsewhere..Stocks like ING Group, and BOVESPA.

Their expiry time is good which puts OptionRange up to par with the other brokers, but I personally would like to see all brokers implement expiry time that expires  in the :15 and :45 of an hour...Only a very few offers this type of expiry time on assets.

 Commodities: CRUDE, GOLD, SILVER, COPPER

Currencies: EUR/USD, EUR/JPY, USD/JPY, AUD/USD, GBP/USD, GBP/JPY, EUR/GBP, USD/CHF, USD/CAD, EUR/CHF, USD/RUB, USD/TRY, USD/BRL

Indices: DAX FUTURE, S&P FUTURE, NASDAQ, DOW JONES, BOVESPA, CAC FUTURE, FTSE, 100 FUTURE, SPI200 FUTURE, IBEX 35, NIKKEI 225, TOPIX 500

Stocks: APPLE, FACEBOOK, BOEING, COCA COLA, EXXON MOBIL, GOOGLE, MICROSOFT
 NIKE, MCDONALDS, VODAFONE, AMAZON, BAIDU, WALT DISNEY, HSBC, TOTAL, ALLIANZ, RENAULT, BMW, FRANCE TELECOM, GAZPROM, SONY, KONAMI, VIVENDI, SIEMENS, BP, HONDA, TOYOTA




Deposits & Withdrawals:8/10
This is the area where I believe OptionRange exels at and in my opinion rates above all others..With a minimum deposit of only $50, OptionRange opens itself to a wider range of customers, specially those who only wants to try binary option but do not want to risk a lot of money. $50 is perfect for these type of newcomers which allows them to get a feel of things.



You can deposit with:  credit/debit/prepaid card(visa, MasterCard) VisaMaster Card WebMoney Wire Transfer,Western Union, MoneyGram, PayPal



You can withdraw with: credit/debit/prepaid card(visa, MasterCard),  VisaMaster Card WebMoney Wire Transfer,Western Union, MoneyGram, PayPal



Customer Service: 6/10
OptionRange has a very limited customer service options if you'd like to contact them. While they do answer your emails within hours, they do not have Live-Chat nor a phone number which all major brokers has. They will have to eventually add one to better compete for customers who wants someone to hear their concerns.




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