VARIANSE Review 2024
Website: www.varianse.com
Min. Deposit: US$ 500
Leverage: 1:30 | 1:500
Trading Platforms: cTrader, MT4, FIX API
Regulation: FCA, FSC, LFSA
Headquarters: UK
Founded: 2015
Regulatory Licenses:
- VDX Ltd - authorized by FCA (UK) registration no. 802012
- VDX Derivatives - authorized by FSC (Mauritius) registration no. C118023323
- VDX Capital Ltd. - authorized by LFSA (Malaysia) registration no. MB/20/0051
Updated on January 3, 2024
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Varianse, headquartered in the UK, is a Forex trading entity that offers its clients the opportunity to engage in trading across a broad spectrum of instruments in both retail and institutional environments. The company prides itself on a pure Straight Through Processing (STP) model that ensures access to a vast liquidity pool. Varianse is not just any broker; it is meticulously authorized and regulated by the prestigious Financial Conduct Authority (FCA) in the UK. Moreover, it extends its regulatory compliance through licenses from the Financial Services Authority (FSA) in Mauritius and the Labuan Financial Services Authority (LFSA) in Malaysia, underscoring its global reach and commitment to trading security.
Our extensive research and testing have revealed that Varianse stands out for its sophisticated trading technology and the provision of seamless, transparent trade executions across renowned trading platforms like cTrader and MT4. The broker also offers an impressive array of trading instruments, including Spread Betting, at competitive rates determined by either commission or spread.
Pros
Advanced trading platforms (cTrader, MT4)
Wide range of trading instruments
Cons
More suited for experienced or largescale traders
Limited educational resources
Customer support not available 24/7
Our investigation confirms that Varianse is not a scam. The broker's operations are legitimized by the top-tier FCA regulation, ensuring it delivers strictly legal financial services. Additionally, Varianse holds relevant licenses and offers a secure trading environment, making it a trustworthy choice for traders globally, including those in Malaysia looking for a regulated trading partner.
Varianse Review Summary in 12 Points ▲
Headquarters: UK
Regulation: FCA, FSA, LFSA
Instruments: CFDs on Crypto, Forex, Metals, Energy, Indices, Equities
Platforms: cTrader, MT4, FIX API
EUR/USD Spread: 1 pip
Demo Account: Available
Base currencies: EUR, USD, GBP
Minimum deposit: $500
Education: Limited
Customer Support: Available 24/5
Based on our comprehensive assessment, Varianse receives a commendable ranking for its regulatory compliance, secure and efficient trading platforms, along with competitive spreads and fees for its trading services. Our overall score for Varianse is 4.3 out of 5, a testament to its quality services when juxtaposed with over 1000 brokers.
Awards ▲
Varianse has garnered recognition within the financial sector for its dependable trading services. Notable awards have been conferred upon the company, indicating its commitment to excellence in the provision of trading services.
Leverage is a powerful tool for traders, allowing them to increase their market exposure beyond the initial investment. However, it's crucial to understand that while leverage can amplify profits, it also increases the risk of losses. Therefore, choosing a forex broker that offers appropriate leverage levels tailored to your trading strategy and risk tolerance is essential.
Fees play a significant role in determining the overall cost of trading with a forex broker. It's important to consider not only the spreads and commissions but also any additional charges that might apply, such as inactivity fees, withdrawal fees, and overnight fees. A transparent fee structure is preferable, as it allows traders to accurately calculate their trading costs.
The pricing structure at Varianse incorporates either a floating tight spread or a commission charge, facilitating complete price transparency through direct ECN connectivity. However, traders should be aware of the overnight policy. Positions held for more than a day incur a rollover, swap, or overnight fee. Also, depending on the funding method and the country of registration, certain charges may apply to deposits and withdrawals.
Pros
Complete price transparency with direct ECN connectivity
Competitive spreads and commissions
Cons
Overnight fees for positions held longer than a day
Possible charges on deposits and withdrawals based on funding method and country
Varianse's fee structure is considered low to average, achieving a rating of 4.0 out of 5. This rating is derived from our comprehensive analysis, comparing Varianse's fees against those of over 1000 other brokers.
Based on our comprehensive testing, Varianse spreads vary according to the account type, with the Classic account offering an average spread of 1 pip on the widely-traded EUR/USD currency pair in the Forex market. The ECNpro and Prime accounts, on the other hand, boast a 0 pip spread, albeit with an additional commission per lot. It's important to note that trading conditions may vary across different entities, so conducting thorough research to understand specific spread conditions is highly recommended. Overall, Varianse Spreads are rated competitively with an overall score of 4.5 out of 5, based on our comparison with over 1000 brokers. We observed Forex spreads lower than the industry average, and spreads for other instruments are also competitive, catering well to various trading strategies including Trend Trading and Scalping.
To initiate funding for a Live account, Varianse offers a range of deposit and withdrawal options including bank wire transfers, credit/debit cards, cryptocurrency payments, and e-wallets such as Neteller and Skrill. Varianse's Funding Methods are assessed positively with an overall score of 4.3 out of 5. The broker is known for low fees and supports various account-based currencies, enhancing the accessibility for traders. Here are some key observations regarding Varianse's funding methods:
Pros
Competitive minimum deposit requirements
Diverse funding options including ewallets and cryptocurrency payments
Cons
Potential fees on withdrawals
Classic Varianse accounts require a minimum deposit of $500, which is relatively standard among Forex brokers. Higher-tier accounts demand more substantial funds, reflecting the professional environment and customized trading solutions provided. Notably, Varianse does not impose deposit fees and offers a variety of withdrawal options. However, it's crucial to be aware that banks or payment processors might apply fees for transactions. For instance, withdrawals may incur a $5 fee for credit cards and a 1% fee for Skrill transfers, attributed to the costs associated with processing these transactions.
How to Withdraw Money from Varianse Step by Step:
1. Log in to your account
2. Select 'Withdraw Funds' from the menu tab
3. Enter the withdrawal amount
4. Choose your preferred withdrawal method
5. Complete the electronic request with necessary details
6. Confirm the withdrawal information and submit
7. Monitor the current status of your withdrawal through your Dashboard
The broker offers a choice among three platforms: the popular MetaTrader4 (MT4), cTrader, and FIX API. These platforms are accessible via desktop, web, and mobile, enabling traders to stay connected to the markets and execute trades conveniently, regardless of their location. With comprehensive charting tools, real-time market data, and a wide array of technical indicators, these platforms support informed trading decisions. Varianse Platforms are rated favorably with an overall score of 4.3 out of 5, compared to over 1000 other brokers. The inclusion of the renowned MT4 and cTrader professional trading platforms is particularly commendable.
Our research indicates that traders utilizing MT4 have access to an extensive selection of technical indicators, customizable charting options, and automated capabilities through Expert Advisors (EAs). These tools facilitate market trend analysis, identification of trading opportunities, and efficient trade execution. Conversely, the cTrader platform features an intuitive interface with advanced order types, depth of market functionality, and algorithmic trading capabilities. Traders can leverage cTrader's advanced charting tools, trade management tools, and customizable layouts to tailor their trading experience. Both platforms offer real-time market data, price alerts, and detailed trade histories, empowering traders with essential tools for successful trading strategies.
Varianse's customer support is accessible 24/5 via Live Chat, Email, and Phone. Our evaluation revealed that Varianse employs a team of experienced trading experts ready to assist clients with technical issues, market analysis advice, general inquiries, and operational concerns. Customer Support at Varianse is rated with an overall score of 3.8 out of 5 based on our testing. We experienced fast and knowledgeable responses, and found the support team easy to reach during working days.
In summary, Varianse offers robust trading technology, competitive pricing, and a broad selection of trading instruments. The availability of popular trading platforms such as MT4 and cTrader enhances the trading experience with advanced features and real-time charting. Furthermore, the firm's strict regulation by the FCA ensures reliability and trustworthiness. The pure STP model presents vast investment opportunities, accommodating a wide range of traders with different expertise and trading styles. However, the absence of comprehensive educational materials on the website and the lack of 24/7 customer support are significant limitations.
Despite these drawbacks, Varianse provides secure and competitive trading conditions. We advise conducting thorough research to determine if the broker aligns with your individual trading needs, carefully reviewing the broker’s offerings, regulations, fees, spreads, and customer reviews. Based on our findings and financial expert opinions, Varianse is particularly well-suited for:
Traders from the UK
Forex Trading in Malaysia
International trading
CFD and currency trading
Traders who prefer the MT4 and cTrader platforms
Advanced traders
Institutional trading
STP/NDD execution
Copy Trading
Competitive spreads
EA/Auto trading
Good trading tools
