Varianse Broker Reviewed and Explained

Varianse Broker review — Safety, assets, support, and many more!

Varianse is the name of the brand and website, which is owned by VDX Ltd, VDX Derivatives, and VDX Capital Ltd. This is a regulated broker that offers access to a wide range of assets such as Forex currencies, commodities, indices, equities, and even cryptos.

The broker is experienced, has been around since 2015, giving it years of experience in its sector. Varianse seems more focused on experienced investors rather than beginner traders as it has high minimum deposit requirements, charges fees on both deposits and withdrawals, and offers VPS and deep liquidity FIX API for algorithmic trading.

Let’s review the Varianse broker to define whether this company can be trusted.

The Safety and Security of Varianse

The broker is overseen in three different jurisdictions by three different entities, which makes it a legitimate broker and not a scam for sure.

The list of regulators and broker entities includes:

• VDX Ltd – The Financial Conduct Authority (FCA) in the United Kingdom
• VDX Derivatives – The Financial Services Commission (FSC) Mauritius
• VDX Capital Ltd – The Labuan Financial Services Authority (LFSA) Malaysia

With these many licenses, the possibility of Varianse being a scam is near 0. The broker, however, does not provide negative balance protection, which is a serious downside when maximum leverage is 1:500. If volatility is high and the trader loses more than their initial investment, they might become eligible for losses beyond their account balance. Varianse is part of the Investor Compensation Fund, and all user funds are in segregated bank accounts with top-tier banks, ensuring safety and protection for investor funds.

Overall, the broker seems safe and legitimate, but the lack of negative balance protection makes it unattractive.

Varianse Fees and Spreads

Spreads at Varianse start from 1 pip on Classic accounts, which is standard for standard accounts. Spreads start from 0 pips on the ECNPro accounts, and the same for the Prime account types.

There are commissions charged for 0 pips spread accounts, and there are also commissions charged on all other assets except FX. Here are the commissions for all accounts:

• Oil – 0 USD
• Indices – 0.5 lot per side
• Equities – 0.1%(minimum 10 USD)
• Cryptos – 0.07%

As we can see, trading at Varianse is pretty expensive as the broker charges both spreads and commissions on many assets. From non-trading fees, both deposits and withdrawals are charged from 1% to 3.5%, which is also unattractive.

Varianse Accounts, Deposits, and Withdrawals 

When it comes to accounts, Varianse really offers a diverse choice with its three account types, covering all trading styles and budgets. The minimum deposit starting at 500 USD is still very high and not attractive for beginners. The accounts are classic, ECNPro, and Prime. The classic account has a 500 USD minimum deposit, spreads from 1 pip, leverage 1:500, and traders can access all markets. There are no trading commissions charged for the classic account except for the commissions listed above.

The ECNPro account offers spreads from 0 pips and charges commissions of 3.5 USD per lot per side. This account requires a minimum of 5,000 USD, which is also very high. Many popular brokers offer 0 pips accounts, and they have much lower minimum deposit requirements, making Varianse’s offerings unattractive.

The Prime account is like a VIP account that also offers spreads from 0 pips but requires at least 50,000 USD to start trading. Commissions and leverage are both negotiable, which is flexible. The account also offers many benefits, such as FIX API and VPS services for algorithmic traders.

Varianse Deposits and Withdrawals

Both deposits and withdrawals are charged at Varianse, which is very unattractive. The broker accepts several payment options for deposits, like bank cards (Visa, MasterCard), wire transfers, Skrill, and Neteller. Deposits incur fees from 1% to 3.5% on all payment methods except wire transfers. The withdrawals start from 100 USD minimum, and the broker typically pays out using wire transfers only, which is a serious downside as this method is slow and costly.

Varianse Trading Platforms, Assets, and Features

The broker allows access to the advanced platforms MT4 and cTrader. Both of these platforms support custom indicators and Expert Advisors, and the brokers allow EAs, hedging, and scalping. Mobile trading is also welcomed using mobile app versions of MT4 and cTrader, although cTrader is more comfortable for mobile trading, as MT4 has a slightly outdated design.

Varianse Assets

Varianse allows access to a wide range of trading assets such as FX pairs, indices, commodities, cryptos, and shares. The broker offers deep liquidity for automated trading and HFT strategies, which is very advantageous for experienced traders who want to deploy algorithms. These markets allow multi-asset traders to access several markets and diversify their portfolios.

Varianse Extra Features

There are no extra features offered except for FIX API and VPS services, which are useful for algorithmic trading. No bonuses are provided on deposits or welcome bonuses, which is a downside for the broker.

Varianse Customer Support Review

When it comes to customer support at Varianse, the broker offers live chat, email, and phone support options. The phone support is divided into three regions where the broker is regulated, and depending on their jurisdiction, traders can select a suitable phone number, which is very convenient. However, the live chat still remains the most effective support option. The live chat is built inside the website of the broker and offers immediate assistance to solve issues while trading. The broker does not offer many languages, as only English is available, which is a minor drawback.

Varianse Education

Varianse offers one e-book and articles for educational purposes, where traders can learn about trading and use tutorials for trading platforms offered by the broker. There are no webinars at the moment, which is a downside.

Should you consider Varianse? 

Varianse is a legit and regulated broker that has many pros and cons. The broker offers access to advanced platforms (cTrader, MT4), a multitude of account types, and flexible leverage. However, the minimum deposit starting at 500 USD is very high for traders who have a low budget. A minimum withdrawal starts at 100 dollars which makes the broker not very beginner-friendly.

Overall, Varianse is a more pro trader oriented broker that falls short in features that are attractive for beginner traders.

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