Varengold Bank FX – Forex Broker review

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).

76%
76 of 100 1 review
  • 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.

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User Review
4.67 (3 votes)
Comments Rating 0 (0 reviews)

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
AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF
CAD/JPY CHF/JPY EUR/AUD
EUR/CAD EUR/CHF EUR/CZK
EUR/GBP EUR/HUF EUR/JPY
EUR/NOK EUR/NZD EUR/PLN
EUR/SEK EUR/USD GBP/AUD
GBP/CAD GBP/CHF GBP/JPY
GBP/NZD GBP/USD NOK/SEK
NZD/JPY NZD/USD USD/CAD
USD/CHF USD/CZK USD/HUF
USD/JPY USD/NOK USD/SEK
USD/ZAR
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
Forex 1:200
Gold & silver 1:100
CFD 1:100
Stocks 1:20
Futures 1:100
Indexes 1:100
Trading platforms MetaTrader 4
ZuluTrade
FXSTAT
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
Forex 1:200
Gold & silver 1:100
CFD 1:100
Stocks 1:20
Futures 1:100
Indexes 1:100
Trading platforms MetaTrader 4
ZuluTrade
FXSTAT
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
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