Varengold Bank FX review and Rating
Name: Varengold Bank FX review
Description: Varengold Bank FX started operations in 1995. Varengold Bank FX is a forex brokerage brand that operates out of Hamburg, Germany. The company is owned by Varengold Bank AG, and this company belongs to the Compensatory Fund of German banks (EdB).
- Support - 80% 80%
- Platform - 70% 70%
- Insights - 80% 80%
- Leverage - 80% 80%
- Commission - 70% 70%
Summary
The German investment bank was founded by the current management board Steffen Fix and Yasin Sebastian Qureshi over ten years ago. It is the only German financial institution with an exclusive focus on brokerage and managed futures. VarengoldBank FX offers the MetaTrader 4, MT Mobile, and ZuluTrade forex trading top platforms. VarengoldBankFX.com offers over 30 currency pairs and CFDs for investment and trading options. Read Varengold Bank FX, forex broker review, rating, regulation, and detailed information for their services below.
User Review
( votes)Pros
- Used by over 10,000 traders
- Established in 2008
- Regulated by Unregulated
- Min. deposit from $250
Cons
- Doesn’t allow scalping
- Not FCA Regulated
- No bonuses or contests
Varengold Bank FX provides a superior level of service to retail and institutional customers to sustain long-term relationships that will enable us to respond more efficiently and proactively to their changing needs. VarenGold Bank AG allows you to execute a maximum trade of varies. As VarenGold Bank AG offers ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
| Company | Varengold Wertpapierhandelsbank AG | |||||||||||||||||||||||||||||||||||||||
| Founded in | 1995 | |||||||||||||||||||||||||||||||||||||||
| Online since | 2008 | |||||||||||||||||||||||||||||||||||||||
| Offices in | China, Germany, United Arab Emirates | |||||||||||||||||||||||||||||||||||||||
| Payment options | Credit/debit cards, PayPal, Wire transfer | |||||||||||||||||||||||||||||||||||||||
| Demo platforms | MetaTrader 4 | |||||||||||||||||||||||||||||||||||||||
| Account currencies | Euro, United States dollar | |||||||||||||||||||||||||||||||||||||||
| Currency pairs |
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| Regulated by | BaFin, 109 520 | |||||||||||||||||||||||||||||||||||||||
| Website available in | Arabic, Chinese, Dutch, English, French, German, Italian, Polish, Russian, Spanish, Turkish | |||||||||||||||||||||||||||||||||||||||
| Support available in | Arabic, Chinese, English, German, Russian, Spanish, Turkish | |||||||||||||||||||||||||||||||||||||||
| Support methods | Callback, Email, Live chat, Office, Phone, Webform | |||||||||||||||||||||||||||||||||||||||
| Trading server time zone | GMT |
- Free education
- Trading by telephone
- Segregated accounts
- Islamic accounts available
- US traders are welcome
- Requires sending documents via postal mail
Account Types
Varengold Classic Account
| Minimum account size | $2,500 | ||||||||||||
| Maximum account size | $25,000 | ||||||||||||
| Minimum position size | 0.1 lot | ||||||||||||
| Spread type | Variable | ||||||||||||
| Typical spread on EUR/USD, pips | 4 | ||||||||||||
| Minimum spread on EUR/USD, pips | 2 | ||||||||||||
| Expert advisors | Allowed | ||||||||||||
| Trading instruments |
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| Trading platforms | MetaTrader 4 ZuluTrade FXSTAT |
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| Digits after the dot in quotes | 5 | ||||||||||||
| Number of currency pairs (of which exotic) | 37 (11) |
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Browser-based platform
- Automated trading
Varengold Premium Account
| Minimum account size | $25,000 | ||||||||||||
| Minimum position size | 0.1 lot | ||||||||||||
| Spread type | Variable | ||||||||||||
| Typical spread on EUR/USD, pips | 2 | ||||||||||||
| Minimum spread on EUR/USD, pips | 1 | ||||||||||||
| Expert advisors | Allowed | ||||||||||||
| Trading instruments |
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| Trading platforms | MetaTrader 4 ZuluTrade FXSTAT |
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| Digits after the dot in quotes | 5 | ||||||||||||
| Number of currency pairs (of which exotic) | 37 (11) |
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Browser-based platform
- Automated trading