Varianse Review |
|
| 📅 Year founded |
2015 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
London, United Kingdom |
| 🌍 Country of regulation |
United Kingdom / Mauritius / Malaysia |
| ✅ Regulators |
FCA / FSC / LFSA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$500 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / cTrader |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Equities / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Skrill / Neteller / Bitcoin |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
None |
| 💰 Account Currencies |
USD / EUR / GBP / PLN |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
STP / ECN |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
None |
| 💰 Withdrawal fee |
Currency conversion fees |
| ☎ Customer Support |
24/7 |
| 💰 Max. Leverage |
500:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Account type dependant |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
44 + |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
200 + |
| 📙 Education |
Articles |
WHAT IS VARIANSE?
Varianse is a forex and CFD broker known for its robust approach to online trading, offering an array of financial instruments and advanced technological solutions. Established with the vision to merge cutting-edge technology with direct market access, Varianse caters to a diverse clientele ranging from individual retail traders to professional clients and institutions.
Financial Conduct Authority (FCA) in the UK
Varianse is regulated by one of the most respected financial regulatory bodies in the world, ensuring high standards of financial practices and client protection. This regulation reinforces the broker’s commitment to transparency and ethical trading practices.
Financial Services Commission (FSC) in Mauritius
By being regulated under the FSC, Varianse can offer additional flexibility and competitive trading conditions, which are particularly appealing to international traders.
Labuan Financial Services Authority (LFSA) in Malaysia
This regulation allows Varianse to extend its reach in the Asian markets, providing a strategic advantage in one of the fastest-growing regions in the forex industry.
Through its adherence to rigorous regulatory standards and its deployment of advanced trading technologies, Varianse strives to offer secure, efficient and competitive trading conditions. This multi-regulatory framework not only enhances the trustworthiness of Varianse but also provides a solid foundation for traders seeking a reliable and compliant broker.
INTRODUCTION
Varianse emerged in the financial markets with a clear objective: to bridge the gap between retail and institutional traders by offering sophisticated trading solutions accessible to all. Founded by a team of financial experts and technology professionals, Varianse has consistently prioritised innovation in its service offerings.
The broker’s approach combines the latest trading technology with comprehensive market access. By focusing on providing advanced trading platforms and tools, Varianse aims to empower traders to execute their strategies with precision and efficiency.
This focus is complemented by a commitment to delivering transparent pricing models and ensuring client funds’ safety.
Varianse’s dedication to excellence is reflected in its customer-centric services, where it offers tailored trading conditions suited to the needs of diverse traders. As a result, Varianse has cultivated a growing base of clients who value both the technological edge and the reliable support the broker provides.
As Varianse continues to evolve, it remains committed to enhancing its offerings while adhering to the highest standards of regulatory compliance and operational integrity. This makes Varianse not just a broker but a comprehensive trading partner dedicated to facilitating its clients’ success in the volatile world of forex trading.
PROS & CONS
PROS
- Advanced trading platforms and tools.
- Wide range of financial instruments with over 200 available.
- Competitive spreads and low transaction costs.
CONS
- Limited promotional offers.
- High minimum deposit of $500 USD is required.
TRADING INSTRUMENTS
Varianse offers a comprehensive selection of trading instruments, catering to the diverse needs of its clientele. The variety ensures that traders can find opportunities across different market conditions and asset classes.
Forex
Varianse provides access to a wide range of currency pairs including major, minor and exotic pairs. This enables traders to benefit from the liquidity and 24-hour trading cycle of the forex market.
The broker offers competitive spreads and leverage options on over 44 currency pairs, allowing traders to maximise their potential returns while controlling risk.
Indices
Traders at Varianse can engage with some of the world’s leading indices, such as the S&P 500, FTSE 100 and Nikkei 225. Trading indices allows investors to speculate on the performance of entire sectors or economies without having to select individual stocks, providing a broader market exposure.
Commodities
This category includes both hard and soft commodities, ranging from precious metals like gold and silver to energy commodities like oil and natural gas. Commodities trading is particularly popular for those looking to hedge against inflation or diversify their portfolios away from more traditional equity and forex investments.
Equities
Varianse offers the ability to trade shares from leading global companies. This gives traders direct exposure to individual corporate performance and sector trends.
The availability of equity trading complements the other instruments by providing opportunities in both bullish and bearish markets.
Cryptocurrencies
Recognising the growing demand for digital asset trading, Varianse provides options to trade popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Cryptocurrency trading at Varianse is facilitated through CFDs, allowing traders to speculate on price movements without owning the underlying assets, thereby enabling easier execution and the ability to profit from both rising and falling markets.
By offering such a broad spectrum of trading instruments, Varianse enables its clients to diversify their investment strategies effectively. Each category is backed by Varianse’s advanced trading technology and tools, providing traders with the necessary resources to analyse markets, develop strategies and execute trades efficiently.
TRADING PLATFORMS
Varianse provides its clients with access to two of the industry’s leading trading platforms, MetaTrader4 (MT4) and cTrader, each known for its unique features and capabilities that cater to different trading styles and preferences.
MetaTrader4 (MT4)
MT4 is renowned for its robust functionality, user-friendly interface and customisation capabilities. It is highly favoured by traders of all experience levels due to its advanced technical analysis tools, automated trading capabilities (Expert Advisors) and extensive back-testing environment.
MT4’s charting tools are particularly noteworthy, offering over 50 customisable indicators and tools to help traders make informed decisions. The platform also supports multiple order types and execution modes, providing flexibility in strategy implementation.
Additionally, MT4’s widespread popularity means there is a vast community of users and a plethora of custom indicators and scripts readily available.
cTrader
As a platform known for its cutting-edge, intuitive interfaces, cTrader is particularly appealing to traders looking for a more modern trading experience. It offers advanced order capabilities and superior charting tools.
One of cTrader’s standout features is its Level II pricing, which provides full market depth and more transparent pricing.
This is ideal for scalpers and high-frequency traders who require precise and swift execution. cTrader also supports automated trading through cAlgo, allowing traders to create and run algorithmic trading robots using the platform’s native C# language.
Additionally, the platform provides an integrated social trading service where traders can share and copy trading strategies, enhancing the collaborative aspect of trading.
Both platforms are accessible via desktop, web and mobile applications, ensuring that Varianse clients can trade from anywhere at any time with seamless functionality. Each platform also includes risk management tools, such as stop-loss and take-profit orders, helping traders manage their exposure according to their specific risk appetite.
By offering both MT4 and cTrader, Varianse caters to a wide range of trading preferences and strategies, from those who prefer the tried and tested environment of MT4 to those who seek the innovative, more versatile trading conditions offered by cTrader.
ACCOUNT TYPES
Varianse caters to a broad spectrum of traders by offering three distinct account types: Classic, ECNPro and Prime. Each account type is designed to meet different trading objectives and strategies, from casual trading to professional and institutional trading needs.
Classic Account
The Classic account is ideal for beginners and those who prefer trading with no commission. This account type offers higher spreads starting from 1.0 pips but no additional trading commission, making it simpler and more straightforward for those new to forex trading or those who prefer to calculate costs directly through spreads.
The leverage available can go up to 500:1, allowing significant exposure with a relatively low deposit, though this also increases risk. This account type requires a minimum deposit of $500 USD.
ECNPro Account
The ECNPro account is tailored for experienced traders who require tighter spreads and more transparency in pricing. This account operates with a commission per trade model starting from $3.50 USD per lot per side but offers access to raw spreads starting from 0.0 pips.
It is particularly suited for scalpers and day traders who benefit from low spreads and faster execution. The ECNPro account connects traders directly to the broker’s pool of liquidity providers, ensuring minimal slippage and re-quotes, from a minimum deposit of $5 000 USD.
Prime Account
Designed for professional and institutional traders, the Prime account offers the most competitive terms with the lowest spreads and commission rates, being negotiable. This account requires a higher minimum deposit but provides additional benefits such as a dedicated account manager, customisable trading conditions and access to more in-depth market analysis and data.
This account type requires a higher minimum deposit of $50 000 USD and also features negotiable leverage options.
All accounts offer access to the same trading platforms (MT4 and cTrader) and allow trading in forex, indices, commodities, equities and cryptocurrencies. They also include features such as automated trading, mobile trading capabilities and access to all of Varianse’s educational and research tools.
Each account type also supports micro-lot trading (starting from 0.01 lots), which is crucial for risk management, especially for new traders or those who are testing new strategies.
HOW TO OPEN AN ACCOUNT
Opening an account with Varianse is straightforward and can easily be done via the broker’s website. Firstly, traders are required to upload their personal information and the required documents for verification.
Once these documents have been verified, traders are able to select their account type, deposit funds and begin trading.
DEMO ACCOUNT
Varianse provides a demo account that mimics real-market conditions, allowing traders to practice strategies without any financial risk. This is a valuable tool for both beginners and experienced traders to refine their skills.
SOCIAL TRADING AND COPY TRADING
The broker integrates social and copy trading features, enabling traders to follow and replicate the strategies of seasoned professionals. This is especially useful for newcomers looking to gain insights and build confidence in their trading decisions.
This is done through various features such as EAs available on the MT4 trading platform.
COMMISSIONS AND FEES
Varianse offers competitive commissions and fee structures, with low spreads and affordable commission charges. Commissions are charged at no higher than $3.50 USD per lot per side, while spreads are available from 0.0 pips.
Additionally, the broker does not charge inactivity fees and an Islamic account is available upon request.
LEVERAGE
The leverage offered varies by account type and asset class, reaching up to 500:1 while leverage options can be negotiated for professional clients utilising the Prime account.
WITHDRAWALS AND DEPOSITS
Varianse supports various deposit and withdrawal methods including bank transfers, credit and cards, various eWallets including Skrill and Neteller, as well as Bitcoin. The process is designed to be quick and seamless, with the broker striving to process withdrawals within 24 hours.
Unfortunately, the broker does charge fees on deposits and withdrawals, although these are low, as well as currency conversion fees where applicable. These fees can easily be accessed on the broker’s website and range from 1% to 3.9%.
CUSTOMER SERVICE
Customer service is available 24/7, providing support through live chat, email and telephone. The quality of service is generally high, with responsive and knowledgeable representatives.
SAFETY AND SECURITY
Safety and security are paramount in the realm of online trading and Varianse takes this aspect seriously by adhering to stringent regulatory standards set by several well-respected financial authorities. These regulations ensure that Varianse operates with transparency, integrity and a focus on client protection.
Financial Conduct Authority (FCA) in the UK
As one of the most stringent regulatory bodies globally, the FCA provides a robust framework under which Varianse operates in the UK. The FCA’s regulations ensure that Varianse maintains high standards of corporate governance, financial reporting and client asset protection.
This includes adherence to the Financial Services Compensation Scheme (FSCS), which protects investments up to 85 000 GBP, enhancing security for traders’ funds.
Financial Services Commission (FSC) in Mauritius
The FSC provides an international regulatory environment that facilitates a flexible yet secure framework for global financial operations. This oversight helps Varianse to offer competitive trading conditions while ensuring compliance with international financial standards and anti-money laundering (AML) policies.
Labuan Financial Services Authority (LFSA) in Malaysia
The LFSA regulation allows Varianse to extend its services to Asian markets, providing a secure and regulated gateway for traders in this region. The LFSA’s oversight ensures that Varianse adheres to financial best practices, including risk management protocols and operational transparency.
In addition to regulatory compliance, Varianse employs several advanced security measures to protect client data and funds such as segragtion of client funds, SSL encryption and two-factor authentication.
By combining regulatory oversight with proactive security measures, Varianse provides a trading environment that prioritises the safety and security of its clients’ investments and personal information. This comprehensive approach to security assures traders that they are partnering with a broker that truly values and protects their trading capital.
PROMOTIONS
Varianse does not currently offer any promotions or bonuses however, traders are encouraged to regularly visit the broker’s website in the event that this changes.
RESEARCH
The broker provides comprehensive research tools including advanced charting, economic calendars and market analysis. These resources are designed to help traders make informed decisions based on the latest market data.
The provision of the MT4 and cTrader platforms also comes with its own set of research tools including advanced charting tools, ensuring traders have access to all information before making trading decisions.
EDUCATION
Varianse offers a reasonable educational suite that includes various articles about trading under their Education tab on the broker’s website. These tools could be improved, however, traders are easily able to access various educational resources on the internet today.
GLOBAL AWARDS
Over the years, Varianse has received several awards recognising its technological innovations and excellent customer service, highlighting its commitment to providing a superior trading experience. Some of their most recent awards include the following:
- Best Broker for Financial Market Commentary (2022) – World Business Outlook.
- Best Forex Broker for Online Trading (2022) – International Business Outlook.
- Best Broker for Trade Execution (2021) – International Business Magazine.
- Best Trade Execution House (2021) – Global Excellence Awards.
- Best Broker for Professional Traders (2018) – International Business Magazine.
- Best Broker for Algorithmic Trading (2017) – Global Brands Magazine.
SAFE OR SCAM?
When evaluating the legitimacy and safety of a broker like Varianse, it’s crucial to consider its regulatory credentials, operational history and the security measures it employs. Varianse is regulated by several respected authorities, which is a strong indicator of its commitment to fair and secure operations.
Financial Conduct Authority (FCA) in the UK
The FCA is renowned for its strict guidelines and regular audits of financial services entities, ensuring that they adhere to the highest standards of safety and transparency. Varianse’s compliance with FCA regulations provides traders with a level of protection and reliability that is valued in the financial services industry.
Financial Services Commission (FSC) in Mauritius and Labuan Financial Services Authority (LFSA) in Malaysia
Both these regulatory bodies enhance Varianse’s credibility as they require the broker to follow international financial laws, including those pertaining to anti-money laundering (AML) and know your customer (KYC) procedures.
The broker has maintained a positive reputation in the industry, underscored by favorable reviews and testimonials from its clients.
Furthermore, there are no widespread complaints or major controversies associated with Varianse, which tends to be a common issue with less reputable firms.
Varianse’s transparency in its fee structure, trading conditions and the clear presentation of potential risks associated with trading different instruments are all practices that align with a trustworthy broker.
The protection of client funds through segregated accounts and adherence to compensation schemes like the FSCS further ensures that clients’ investments are secure, even in the unlikely event of the broker facing financial difficulties.
Varianse demonstrates all the hallmarks of a safe and reliable trading broker. Its regulatory compliance, positive client feedback and rigorous security measures all contribute to its status as a trustworthy platform for trading forex, commodities, indices and other financial instruments.
CONCLUSION
Varianse stands out as a broker that combines technological excellence with a comprehensive range of services. The choice of Varianse as a trading partner warrants consideration for those who value innovation, security and market diversity.
After conducting the above review into this broker, the team at Brokersuggest.com can highly recommend Varianse as a superb broker. The only drawback is the high minimum deposit requirements and lack of educational resources, meaning this broker is more suited to experienced traders.
