Varianse Forex Review

Read our full Varianse review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased Varianse opinion allows our readers to decide whether Varianse is a reliable broker.

Varianse Forex Broker History

Varianse is a regulated Forex and CFDs broker that has been in the business since 2015. Since its establishment, the company has been regulated by three different entities, which is always a good sign. Traders can use both desktop and mobile trading platforms to access financial markets and trade. However, the minimum deposit required is a bit high, starting from 500 USD for the Classic account, which has more expensive spreads than the other two accounts.

There are around 100 different instruments available, and the leverage is up to 1:500, which is more than enough to control considerable trading power. However, if traders use an FCA-regulated Varianse broker from the EU or the UK, they will only access up to 1:20 leverage as per the regulator’s rules.

Varianse broker safety

Safety is critical in FX trading. Varianse is a well-regulated broker as it is overseen in three different jurisdictions:

• VDX Ltd – the Financial Conduct Authority (FCA) in the United Kingdom
• VDX Derivatives – the Financial Services Commission (FSC), Mauritius
• VDX Capital Ltd – the Labuan Financial Services Authority (LFSA), Malaysia

While Mauritius and Labuan authorities are not very strict regulators, the FCA is a reputable entity ensuring that only legitimate brokers operate with its license. As a result, Varianse is a legit broker that offers derivatives trading services and has a license to do so.

Despite being regulated, the broker does not offer negative balance protection, meaning that if traders go into the red as a result of leveraged trading, they will become liable for losses beyond their account balance. This is a serious disadvantage for the broker, as almost all reputable brokers offer this policy, ensuring traders only lose their money.

Varianse is a member of the investor compensation fund and keeps trader funds in segregated bank accounts, which is required by regulators to ensure user funds are protected.

Varianse Broker Review of Accounts

When it comes to trading account types, Varianse offers three different accounts, including Classic, ECNPro, and Prime.

All three accounts allow traders to deposit GBP, USD, EUR, or PLN.

Varianse Classic account

The classic account is a standard trading account that has no commissions. It has a minimum deposit of 500 USD, which is high. The spreads start from 1 pip on major FX pairs. Maximum leverage is up to 1:500.

However, the broker charges commissions on indices (0.5 lot per side), equities (0.1%, 10 USD min.), and cryptos (0.07%). This account is only for general financial trading and is not suitable for scalpers who want lower spreads.

Varianse ECNPro account

The ECNPro account offers spreads from 0 pips on major pairs but charges commissions of 3.5 USD per side per lot. The commissions on other asset classes are the same as with a classic account.

However, the minimum deposit is 5,000 USD, and the maximum leverage is also 1:500. The 5,000 USD is a very high minimum deposit requirement for low spreads, as many other reputable brokers require a much smaller budget for 0 pips spreads. Full market depth and FIX Api are offered for this account, which is not the case for the classic account.

Varianse Prime account

The prime account is the VIP offering from Varianse, which requires at least 50 grand to start trading. The maximum leverage is negotiable and can be above 1:500, which is flexible. Spreads are 0 pips, and commissions are negotiable as well, which can be super useful for professional scalpers. Commissions on other asset classes apart from Forex are the same as with the other two accounts. This account offers many extra services, including all ECNPro benefits and HFT solutions, VPS services, and deep liquidity.

Varianse instruments

When it comes to markets, the broker allows access to several asset classes such as Forex pairs (majors, minors, and exotics), commodities (metals, energies, etc.), indices, equities, and cryptos. The leverage is up to 1:500, which is more than enough to control considerable trading power. While Forex pairs, cryptos, indices, and commodities are less than 100 in total, the equities are above 100 in number, which is flexible.

Varianse Reviews of Trading Platforms

Varianse provides access to two popular advanced trading platforms, cTrader and MetaTrader 4 (MT4). Both platforms are very capable and allow custom indicators and Expert Advisors or automated trading robots. These EAs do not require an API and are directly built inside platforms, which is super useful, unlike many other platforms.

Mobile trading is available via mobile app platforms of MT4 and cTrader, allowing traders to speculate on markets on the go.

Varianse Forex Review of Extra Features

The broker offers not many extra features. There are educational resources offered to help beginners learn about financial trading. The broker also offers FIX API, which is advertised as a fast execution solution with access to deep liquidity, which should be suitable for fast algorithmic trading systems. For its VIP or Prime accounts, the broker also allows deep liquidity and VPS services.

Varianse Reviews of Customer Support

Varianse Forex broker offers several options for customer support experience. Available options include email and live chat channels. The live chat is built inside the platform’s website and enables traders to instantly connect with the broker representatives to resolve any issues. There is also a help center available where the broker offers articles for guidance. The website and support are only available in the English language, which is a downside. There is phone support available, and depending on the jurisdiction, traders can choose the number to contact their broker.

Varianse Deposit and Withdrawal

The broker offers multiple payment options, including wire transfers, bank cards (Visa, MasterCard), Bitcoin, Neteller, and Skrill. The broker charges fees on deposits on all payment methods except for wire transfers, which are free of charge. Commissions vary from 1% to 3.5%, which is very disadvantageous, as almost no reputable broker charges deposit fees.

The minimum withdrawal amount is 100 USD, and only wire transfers can be used for profit withdrawals, and traders must send up to date bank statements to the broker. This is an incredibly complicated and time consuming process and a huge red flag as well.

Varianse Review Conclusion – Can you trust Varianse?

In the end, Varianse is a well-regulated Forex and CFDs broker with oversight from three different regulatory bodies, including the UK’s FCA. It offers access to MT4 and cTrade, the leverage is up to 1:500, and minimum deposit is 500 USD, which is very high. The broker does not offer negative balance protection, and charges fees on deposits except for wire transfers. Withdrawals are only available via wire transfers.

Overall, Varianse is more suitable for experienced traders or logarithmic traders and is not recommended for beginners.

FAQs on Varianse

Is Varianse a scam?

Varianse scam is highly unlikely as the broker is regulated by three regulators (FCA included), and has been around since 2015.

What is the Varianse minimum deposit?

The minimum deposit at Varianse is high from 500 USD on the Classic account trading account.

Is Varianse a cheap broker?

No, Varianse has a 500 USD minimum deposit, spreads from 1 pip, and charges commissions on deposits.