VarengoldBankFX – Forex Broker review

VarengoldBankFX – Forex Broker review
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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, Web form
Trading server time zone GMT

VarengoldBankFX logo

  • Free education
  • Trading by telephone
  • Segregated accounts
  • Islamic accounts available
  • US traders are welcome
  • Requires sending documents via postal mail


Account Types

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

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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