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VARIANSE

United Kingdom|5-10 years|
High potential risk|

https://varianse.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

VARIANSE-Demo3

Cyprus
MT4
8

Influence

C

Influence index NO.1

Malaysia 4.43

MT4/5 Identification

MT4/5 Identification

Full License

8
Server Name
VARIANSE-Demo3 MT4
Server Location Cyprus

Influence

Influence

C

Influence index NO.1

Malaysia 4.43

Surpassed 23.80% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (0) 203 475 2285
support@varianse.co.uk
https://varianse.com/
24 St. Georges Street, Port Louis, Mauritius

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02

Contact number

English

+44 (0) 203 475 2285

Other ways of contact

Broker Information

More

Company Name

VDX Ltd

Abbreviation

VARIANSE

Platform registered country and region

United Kingdom

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 802012) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

VARIANSE · WikiFX Survey

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VARIANSE · Company Summary

Aspect Details
Company Name VDX Ltd
Registered Country/Area United Kingdom
Founded Year 2015
Regulation No Regulation, Suspicious Clone (FCA)
Tradable Assets Crypto, Forex, Metals, Energy, Indices, Equities
Account Types Classic, ECNpro, Prime
Minimum Deposit Classic: $500, ECNpro: $5000, Prime: $50000
Maximum Leverage Up to 1:500 (Classic and ECNpro), Negotiable (Prime)
Spreads From 0 pips
Trading Platforms cTrader, MT4
Demo Account Available
Customer Support Phone: +44 (0) 203 475 2285, Email: support@varianse.co.uk, Online live chat
Deposit & Withdrawal Bank Wire Transfer, Credit/Debit Cards (VISA&Mastercard), Crypto, E-wallets (NETELLER& Skrill)
Educational Resources FOREX EDUCATION section

Overview of VARIANSE

Founded in 2015 in the UK, VARIANSE operates without formal regulation by the FCA. It offers assets from crypto to equities and access to cTrader and MT4 platforms. VARIANSE provides multiple account options, including Classic, ECNpro and Prime. The broker also offers strategy articles, risk management book reviews, and more, alongside robust customer support through multiple channels.

Overview of VARIANSE

Pros and Cons

VARIANSE stands out with its extensive array of market instruments across various asset classes, highlighting its $0 spread on BTCUSD trades—a key benefit for cryptocurrency market participants. Additionally, the brokers policy of not charging deposit fees for bank wire transfers aligns with cost-effective trading practices.

Contrarily, the absence of official regulation casts a shadow over the brokerages credibility, presenting a significant drawback for traders who prioritize regulatory security. Deposit fees on selected methods will discourage cost-conscious traders, while the minimum withdrawal limit of $100 could be inconvenient for those managing smaller account balances. Currency conversion fees add to the trading costs, particularly for those dealing in multiple currencies.

Pros Cons
  • Various market instruments across asset classes
  • Lacks official regulation
  • $0 spread on BTCUSD
  • Deposit fees charged for certain methods
  • No deposit fees for bank wire transfers
  • Minimum withdrawal limits of $100
  • No inactivity fees charged
  • Conversion fees charged
  • Offers articles as educational resources
  • No customer support on weekends

Is VARIANSE legit or a scam?

VARIANSE is unregulated and unapproved by the FCA, marked as a “Suspicious Clone.” This classification indicates that it may be impersonating a legitimate firm to deceive traders, therefore raises significant red flags regarding its operations.

Is VARIANSE legit or a scam?
Is VARIANSE legit or a scam?

Market Instruments

VARIANSE provides its traders with a diversified portfolio of market instruments across several asset classes. The offerings include:

  • Cryptocurrencies: Trading options for major cryptocurrencies like Bitcoin, Ethereum, USD Coin, and 20 others including Avalanche, EOS, and Litecoin. The platform boasts competitive spreads and low commissions, even offering $0 spreads for BTCUSD trades.

  • Forex: A selection of 44 currency pairs, encompassing popular majors such as EURGBP, EURUSD, USDJPY, other majors like CADJPY, EURCAD, AUDUSD, and exotic pairs like NZDCHF and GBPSGD. VARIANSE promises direct interbank pricing through its low-latency networks.

  • Metals: Direct trading on interbank pricing for metals, specifically gold and silver.

  • Energy: Includes options to trade UK Oil and US Oil directly on interbank pricing.

  • Indices: Provides access to 10 major stock market indices from various countries and regions, leveraging direct interbank pricing.

  • Equities: Offers trading on 121 equities, including US equities, through direct interbank pricing.

Is VARIANSE legit or a scam?

Account Types

VARIANSE offers three primary types of accounts, each created to appeal to the different needs and strategies of traders: Classic, ECNpro, and Prime. In addition to these accounts, a Free Demo account is available for those looking to practice their trading strategies without financial risk.

Classic Account:

  • Minimum Deposit: $500

  • Spreads: From 1 pip for Forex/Metals

  • Commission: $0 for Forex/Metals; CFD trading includes Oil at $0 commission, Indices at $0.5 per lot per side, Equities at 0.1%, and Crypto at 0.07%.

  • Leverage: Up to 1:500

Features: Suitable for retail traders, offering straightforward market access without commissions on trades.

ECNpro Account:

  • Minimum Deposit: $5,000

  • Spreads: From 0 pips for Forex/Metals

  • Commission: $3.50 per lot per side for Forex/Metals; CFD trading includes Oil at $0 commission, Indices at $0.5 per lot per side, Equities at 0.1%, and Crypto at 0.07%.

  • Leverage: Up to 1:500

Features: Created for experienced traders, this account provides a commission-based structure, appealing to those seeking tighter spreads and more competitive trading conditions.

Prime Account:

  • Minimum Deposit: $50,000

  • Spreads: From 0 pips for Forex/Metals

  • Commission: Negotiable for Forex/Metals; CFD trading includes Oil at $0 commission, Indices at $0.5 per lot per side, Equities at 0.1%, and Crypto at 0.07%.

  • Leverage: Negotiable

Features: Tailored for institutional clients, offering negotiable terms to accommodate specific trading strategies and volumes.

Classic ECNpro Prime
Forex spreads from (Forex/Metals) 1 pip 0 pips 0 pips
Commission in ECN account currency (FX/Metals) 0 3.50/lot per side Negotiable
Commission in ECN account currency (CFD) Oil: 0 Indices: 0.5/lot per side Equities: 0.1% Crypto: 0.07% Oil: 0 Indices: 0.5/lot per side Equities: 0.1% Crypto: 0.07% Oil: 0 Indices: 0.5/lot per side Equities: 0.1% Crypto: 0.07%
Maximum leverage 1:500 1:500 Negotiable
Minimum deposit $500 $5,000 $50,000
Is VARIANSE legit or a scam?

How to Open an Account with VARIANSE

At VARIANSE, the account opening process is streamlined for efficiency. Begin by clicking the registration link or the REGISTRATION button on the website. Enter your contact details in the signup form and click SIGN UP. Check your inbox for an email with registration details and a “Client portal” link. Complete your application by providing necessary details and documentation. The account opening aims to be completed within 24 hours, with your account status updated in the client portal. Once done, you'll receive login details for your live account via email.

Leverage

VARIANSE offers leverage up to 1:500 for Classic and ECNpro accounts, providing an opportunity for enhanced market exposure with a limited initial investment. For Prime accounts, leverage terms are customizable, appealing to the demands of high-volume traders.

Leverage

Spreads & Commissions

Crypto trading highlights include spreads from $0, showcasing their market competitiveness, especially for leading cryptocurrencies. In forex, they offer interbank pricing with spreads from 1 pip in Classic accounts and 0 pips in ECNpro and Prime accounts, appealing to various trader needs.

The commission structure varies by account, with forex and metals trading being commission-free for Classic accounts, whereas ECNpro accounts incur a $3.50 per lot per side commission, and Prime accounts have negotiable rates. For CFDs across oil, indices, equities, and cryptocurrencies, commissions are tailored to maintain affordability and transparency in trading costs.

Other Fees

VARIANSE showcases its commitment to customer flexibility and fairness by not charging inactivity fees, allowing traders to operate without the pressure of additional costs during inactive periods.

Trading Platform

VARIANSE offers a dual-platform strategy, featuring cTrader and MetaTrader 4 (MT4), to serve its broad user base. cTrader is lauded for its transparency, speedy STP execution, and comprehensive features like Level 2 pricing, extensive copy trading options, and advanced charting tools, available across all major devices. It underlines VARIANSE's ambition to be the preferred cTrader broker by providing an advanced trading environment.

MT4 complements this by appealing to the well-established needs of the forex trading community with its powerful analytical tools, customization capabilities, and automation support through Expert Advisors (EAs). VARIANSE enhances the MT4 offering with features like one-click trading and custom indicator development, alongside full functionality across devices, illustrating its dedication to facilitating a high-caliber, adaptable trading experience for every trader profile.

cTrader

Deposit & Withdrawal

VARIANSE provides a straightforward and varied array of deposit and withdrawal mechanisms.

  • Deposit Facilities and Charges: The brokerage supports deposits through Bank Wire, Credit/Debit Cards, Cryptocurrencies, and E-wallets. Bank transfers incur no fees, whereas credit/debit cards have a 1.5% fee, cryptocurrencies a 1% fee, and e-wallets a 3.9% charge. Notably, there is no cap on daily deposits, offering significant flexibility.

  • Withdrawal Procedures and Fees: A minimum of 100 in currency units is stipulated for withdrawals. Primarily, withdrawals are executed via bank wire, with the potential for credit card or e-wallet returns based on the initial deposit method. Withdrawals aim for same-day processing, with funds typically received within 1 to 3 days. Currency conversions incur a fee of mid FX spot rate ±2%, applicable to all transfers.

Deposit & Withdrawal

Customer Support

Customer support is accessible between 9:00 AM and 6:00 PM (GMT), from Monday through Friday.

Phone: +44 (0) 203 475 2285

Email: support@varianse.co.uk

Address: 20 North Audley Street, Mayfair, London, W1K 6LX, United Kingdom

Online live chat available

Educational Resources

VARIANSE provides a rich FOREX EDUCATION section, elevating traders' proficiency and strategic acumen.

It includes Strategy Articles with actionable insights on utilizing advanced tools like the Commitments of Traders Report and Renko Charts.

Product Reviews spotlight platforms such as cTrader, underscoring their transformative features for traders.

The Broker Knowledge area explores key trading concepts, offering a comparative lens on crypto CFDs and spread betting, alongside elucidating Forex's Straight-Through Processing.

Further enriching this educational offering are Economics & Markets analyses, focusing on investment opportunities in markets like China through the FTSE China A50.

The segment dedicated to Risk Management, along with Book Reviews and Interviews, addresses the criticality of risk mitigation, provides reviews on seminal trading literature, and features interviews that delve into sophisticated trading strategies and market insights.

Educational Resources

Conclusion

Since its inception in 2015, VARIANSE, trading in the UK, offers a broad spectrum of trading assets, including an extensive range from cryptocurrencies to equities, coupled with competitive trading conditions like leverage up to 1:500 and minimal spreads. Despite its engaging offerings and educational support, VARIANSE's unregulated status, underscored by an FCA warning as a “Suspicious Clone,” significantly undermines its credibility. While the broker seeks to accommodate traders with its customer support and varied banking options, the stark lack of regulatory oversight poses a major risk.

FAQs

Q: Is VARIANSE regulated?

A: No, VARIANSE lacks regulatory accreditation and is noted as a “Suspicious Clone” by the FCA.

Q: What trading options are available at VARIANSE?

A: VARIANSE offers a various array of trading options including cryptocurrencies, forex, and more.

Q: What leverage can traders expect at VARIANSE?

A: Traders at VARIANSE can access leverage up to 1:500.

Q: Are educational materials provided by VARIANSE?

A: Yes, VARIANSE provides extensive educational resources for traders.

Q: What's the initial deposit for VARIANSE?

A: The initial deposit required by VARIANSE is not detailed in the document.

Q: Are there inactivity fees at VARIANSE?

A: VARIANSE assures clients that it does not impose inactivity fees, offering a more flexible approach for traders not actively engaging in trading activities.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.

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