As an established trading brand of multiple regulated entities, the VARIANSE broker caters to traders worldwide. The company has won many awards for their professionalism and service over the years, as well. However, doubts remain.
In this VARIANSE review, we discuss the specifics of their offer, costs and conditions, but the opinion of the public, as well. So read on and gather all the relevant information before making important investment decisions.
| Regulated by: | FCA, LFSA, FSC |
| Is This Company Safe? | According to regulatory status they should be safe, but caution is advised. |
| Known Websites: | varianse.com |
| Have Warnings from: | BABBEPTI |
| Registered in: | UK / Mauritius / Labuan |
| Operating since: | 2015 |
| Trading Platforms: | cTrader, MetaTrader 4 |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | $500 |
| Deposit Bonus: | Not available |
| Trading Assets: | Forex, Metals, Energies, Indices, Crypto, Equities |
| Free Demo Account: | Available |
| How to Withdraw from This Company? | While treated as a regulated firm, there’s still possible issues according to the user reviews, so contact us promptly if you experience withdrawal troubles. |
Company Legal Information
The company is regulated by two different offshore entities, FSA from Labuan and Mauritius FSC. The problems with VARIANSE regulation start to appear once you try to verify their registration domain.
As an impartial VARIANSE broker review if we have to hairs on the matter, especially since there are troublemakers like Vkkcoin. Doubts pertain to the UK license being held by the company under the name VDX LTD. Their working domain, however, is listed as vdx.io and not varianse.com in the FCA register.
The company was previously owned by another entity entirely, that one being VIBHS FINANCIAL LTD. Their FCA license is still valid, listing another website altogether, now vibhsfinancial.co.uk. The register entry does not contain any history of dealing through varianse.com .
Lastly, it’s important to note that the company and their current website were also blacklisted by the Indonesian regulator BAPPEBTI in 2022.
Who Uses the Service?
The main website of this brokerage was created in October 2015. Majority of the company clients reside in these nations:
- United Kingdom
- Poland
- Norway
- France
- United States
The company operates the usual social network profiles you find with other firms. Facebook, X and Pinterest are included, as well as corporate info pages on LinkedIn, CrunchBase and TradingView.
This lack of customer interest might lead to an unstable financial environment. If you encounter issues with a VARIANSE withdrawal, contact our legal experts.
Not Known In The Community
Not much customer feedback exists about this firm, which is troubling since they’ve been in business for nearly a decade. There are a total of 9 separate VARIANSE reviews on TrustPilot, with no content on other sites like SiteJabber.
Their average rating is 3.4 stars, with 22% negative opinions. Looking at the dedicated Reddit page, we can see that the majority of traders never even heard of the firm. This is not uncommon for illicit entities like TenkoFX, so take caution.
Regulation Defines Leverage
While the FCA regulation doesn’t allow the firm to offer leverage higher than 1:30, the situation is different with the two other regulatory entities. Both FSC and LFSA do not limit the leverage ratio as Tier 1 financial authorities do. Therefore, the international clientele is able to trade under the increased exposure of 1:500.
Trading commissions depend on the concrete instrument traded. For example FX pairs include commission of $3.5 per turn for ECN Pro account type. Commission on crypto currencies however, applies to all accounts and it’s about 0.07%.
Spreads could be found listed on the web presentation discussing the available assets for trading. Starting spreads on a RAW ECN account for FX pairs like EUR/USD are 0.0 pips, with 0.1 pips on others.
Solid Choice of Features
Transparent and fair, the brokerage presents their complete offer on the site. There’s a variety of trading instruments, two prestigious platforms provided and trading accounts that meet every trader’s needs. Let’s revise the details.
Premium Platforms Included
The VARIANSE MT4 app is recommended for all beginners and professional traders alike, due to its reliability, and flexible usage and customization.
Another renowned software used by millions worldwide is cTrader. This trading terminal is also available on every device and it mainly features ultra-low latency execution and built-in copy trading options.
Available on Mobile
Both of the discussed terminals are available across all devices with mobile included. Download links for each of the apps could be found on the site. Bear in mind that you need a VARIANSE trading account to access the links.
What Markets Can You Access?
Providing just about 200 assets makes the entire offer seem inferior compared to industry leaders. Anyhow, here’s the list of provided tradable products with most commonly traded ones as examples:
- Forex – EUR/USD, EUR/GBP, CAD/JPY
- Metals – Gold, Silver
- Crypto – Bitcoin, Ethereum, Solana
- Energies – Brent Crude Oil, West Texas Oil
- Indices – S&P 500, France 40, China 50
- Equities – AEP.OQ, CPRT.OQ, SPLK.OQ
Three Account Types
According to what the website advertises, there are several packages of features to choose between. Here are the VARIANSE minimum deposit requirements:
- Classic – $500
- ECN Pro – $5.000
- Prime – $50.000
While the Classic package lacks features like FIX API, market depth, tailored liquidity and execution, the two other bundles cover that, but for a price.
Trial Testing Opened
To design your demo account, you first have to sign up. After completing the basic registration, you can set up your trial package. That includes deciding which platform you wish to test, what amount of virtual funds you want and under what leverage ratio you wish to trade.
Limited Educational Resources
A total of 22 articles are available at any time for the website visitors to make use of. Although these cover some of the burning trading topics, they’re far from what regulated platforms usually offer. Without access to webinars, live lessons, ebooks, and video tutorials, these learning materials are not overly helpful.
It Costs to Deposit and Withdraw Profit
The site does provide insight into available transfer channels, but there’s an obvious lack of details pertaining to withdrawals. Methods available for monetary transactions are the following, with deposit fees included:
- Bank Wire – free deposits
- Credit Cards – 1.5%
- Crypto – 1%
- E-wallets – 3.9%
Apparently there are payout fees as well, but the website doesn’t disclose these charges. Minimum withdrawal amount is 100 currency units, with 1 to 3 working days needed for the funds to arrive.
Help Options
The broker’s help desk provides several channels through which you may contact support. These include the usual FAQs, phone lines and emails, and a live chat. The customer support is only available 24/5, which diminishes the reliability of the service.
Troubles Withdrawing? Contact Our Team!
It’s no secret that this firm is not exactly a mainstream forex trading service. The features provided by the firm fall well within the industry average.
If the company gives you trouble with payouts, book a consultation with our legal team. We are available 24/7 in the live chat for your convenience.
FAQ Section
What is VARIANSE?
It is an online forex brokerage service provider. The company is regulated in a number of jurisdictions.
Is VARIANSE Legit?
Yes, the firm is legally registered and fully regulated. It has been issued a regulatory warning in one nation, however, so caution is advised.
How to Withdraw Profits From My VARIANSE Account?
Use the client dashboard, or contact customer support. If the firm becomes uncooperative, contact our legal team for help.
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