Varianse Review – Online Platforms, Commission, Leverage, Account Types, Features & more

Find out all details about the Varianse here.

There are multiple reasons why people prefer to trade in forex and thus, the forex trade ultimately is one of the most favorite ones in the market.

The accessibility, time flexibility along profitability together makes forex the one famous trade that it is.

Now when we talk of the subject of accessibility, it’s almost important to know which broker to trust and from which to stay away.

Thus owing to this very topic at hand, today we are going to be talking about the Varianse.

The Varianse is quite known and valued in the forex trade.

Thus, in the given article we will be discussing why Varianse is the best choice for you if your trade’s focus lies on forex or if Varianse is a good option for you at all.

About Varianse & Accepted Countries

Varianse broker houses pay a huge deal of attention to various country laws and local laws.

The company has its own way of performing business with integrity and better solutions.

However, Varianse does not serve clients who emerge from the United States or other such countries whose country laws are not very flexible, as required by Varianse to provide what they provide in other countries.

The company is originally based in the UK and specializes in standing up to client expectations.

The company uses a pure STP model to access a deep pool of institutional liquidity.

As for the fact, the broker thus uses various market instruments to also benefit the non-forex traders.

Nevertheless, it should be taken into note that when we speak of the name Varianse we are basically speaking of a forex affiliated broker.

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Varianse Trading Platforms

Varianse takes into use various trading platforms.

As the company has a very different set of customers under them, it’s almost practical to wish for everyone to be compatible with the same trading platform.

Thus, the company provides an array of trading platforms, which can be seamlessly used by any broker, regardless of the experience they carry.

The company takes in MetaTrader4.

The platform is mainly used by traders who trade in forex or CFD.

The platform comes with numerous tools and features along with its very chief user-friendly approach to new users.

The MetaTrader 4 comes with embedded tools for managing a set of analyses as well as swift trade executions.

Talking furthermore about the platforms, the user will be provided with 30 in-built technical indicators which can be further customized and extended to thousands.

Along with the famous MetaTrader4, Varianse also comes with very famous trading software that is – Maxx Trader.

The tool is the definition of perfection and deals with any advanced risk management, STP execution, and order routing as well as incorporating real-time reporting.

Varianse Mobile App

Varianse mobile app offers its highly powerful yet simple MT4 mobile platform.

The app is developed for all android and ios devices it also can be easily downloaded through the app store.

The Varianse mobile app assists users in multiple ways.

As a trader it’s very important to be well versed with the market, thus Varianse presets live prices on all trading instruments.

The app also comes with customizable alert notifications and technical analysis which cover over 30 indicators and 24 analytic tools.

Check out Mobile Apps of more Forex Brokers

Varianse Commission or Brokerage or Fees

Varianse commission is different for different accounts.

Clients can choose the account with which they want to begin their journey with, and the commission will depend entirely on that.

Starting from the Variance’s classic account, the account is hand-tailored for young traders who wish to learn and try their skills in forex.

The minimum deposit for Varianse is around $500 and the spread starts at 1 pip.

There are no commission charges with this account.

But these are not the best parts about this account; the classic account comes with over 100 instruments on MT4 platforms.

The ECNpro account is for little mature traders, as the deposit amount is around $5,000 with the spreads starting from 0 pips.

This account comes with a commission and that is around $3.5 per lot. The account owners with this account can trade over 100 assets on the MT4 platform.

Varianse also has another account type which is their chief account, the – prime account.

This account is for highly active traders, as the deposit amount is quite high.

The prime account can be opened with a deposit of around $50,000; the minimum commission that will be charged is going to be around $2.

Varianse Exposure or Leverage

The leverage at Varianse is quite customer-friendly.

Varianse wishes to propose different leverage to their customers depending on how frequently they trade.

However, the leverage figures come with the account which one has chosen.

The leverage on retail accounts is around 1:30, whereas the leverage on professional accounts is around 1:400. This is also very understandable, as the leverage is not for everybody.

Trading with leverage can no doubt amplify your gains but it can also amplify your losses at the same rate.

Thus, Varianse prefers to give greater leverage to only processionals.

Payment Methods provided by Varianse

At Varianse you can withdraw and deposit with these four methods – bank wire transfer, online payments, credit/debit cards, and china union pay.

The bank wire transfer can be used when the client wishes to transfer between client bank accounts to Varianse bank accounts.

This is a very safe way to transfer client funds.

The following is also charge-free and takes up to 3-5 business days. The client, however, can be charged with a certain withdrawal fee.

Online payments basically involve e-wallets, however, Varianse accepts only a few e-wallets. Skrill, uphold and SOFORT are those few e-wallets the company accepts payments in.

The withdrawals take up to 1-3 working days and a withdrawal fee of 1% is charged.

The payment method with credit/debit is also the same, the only difference is a fee of 2.9% is charged with this mode of payment.

Find out Payment Methods provided by other Forex Brokers

Investment in Asset Classes or Markets by Varianse

One of the key things which makes Varianse so customer friendly is they provide a lot of market coverage for a forex-affiliated broker.

That means, even though you are a trader who trades in forex you can explore other market instruments as well with Varianse.

The broker house introduces a variety of trading platforms, which are –

1. Around 50 plus forex currency pairs
2. A good 11 indices groups
3. Metals

Varianse however does not provide market coverage in crypto and EFTs.

Varianse Virtual Trading or Demo Account

Many young traders look for a broker house that provides them with the opportunity to experience a virtual trade experience, incorporated with zero risks.

However, that’s not the scenario with every company.

There are few companies in the market only hand-made for professional traders.

Thus, it gets very difficult to look for a broker house that provides quality services along with good education opportunities to young traders.

Varianse happens to provide traders with a free demo account.

The new traders can easily access it, with multiple added tools and trading platforms.

Varianse Offers or Deals

Every broker wishes to attract some customer attention through their offers or bonuses, whilst promising a better trade experience.

The Varianse also follows the same pattern and offers customers 10% off on forex platforms.

The company also entertains referrals, thus new and existing brokers can both enjoy some offers, following the guidelines attached with each one of them.

Varianse Regulation or Licensing

The VDX Ltd, which is known among traders famously as Varianse is registered and authorized in the UK.

The company is rightfully authorized by the financial conduct authority.

Given that Varianse works in multiple countries, they are also registered in those countries as well.

As the regulation rules go, the client funds are separated from the broker funds. These investor funds are kept in reputed banks, thus giving value and priority to client safety first.

Find out Regulations & Licensing of more Forex Brokers

Varianse Features

Trading tools are necessary as it can get a lot tedious for any individual trader to manage the live market and also keep a note of various strategies.

At Varianse you can have various trading tools, which fit best to your requirements.

The FIX API solution is one of those tools.

The tools give a super-fast execution and very low latency. The tool comes with multiple order types along with various execution modes.

One another such tool is Virtual Private Server, this tool is in use at the London Equinix data center.

This very tool takes care of your connection security. The VPS is also connected to the respective trading server, using optical fibers.

One other famous trading tool at Varianse is the MetaStock XENITH, this tool is almost the backbone of any trader, as it helps in powerful research, news, and analytics. Thus taking care of almost everything.

Varianse Account Types

If you are looking to be a client at Varianse, there will be mainly three accounts offered to you.

The classic account is advised for young traders, as it helps to gain experience and comes with very little brokerage.

The ECNpro account, which is for more professional brokers, with over 100 market assets on the MT4 platform and with the deposit starting from $5,000.

Carrying spreads which begin from 0 pips. Then there comes the prime account.

The prime account at Varianse is mainly taken into use by active and highly professional brokers.

The deposit at Variance’s prime starts with $50,000 and the commission is around $2 per lot.

Varianse Trading Account Features

Check below all the trading account features under various account types:

Varianse – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

Varianse Benefits

We come across very few such broker houses which not only are a perfect fit for traders who are professionally oriented towards forex but are also friendly and welcoming to traders who are new.

The company first introduces their very lucrative plans which benefit every kind of trader.

After which the company has plenty of tools to help traders deal with multiple issues at hand.

The key point while trading with Varianse is however their support and assistance.

Varianse Cons or Drawbacks

For traders who wish to trade in crypto can be a little discouraged by Varianse as they don’t provide those instruments.

Also, many traders have expressed their views on the company’s standard leverage which they believe can be a little more flexible towards young traders.

But, there are more pros at Varianse than cons, with over 50 plus forex pairs, accessibility is now at your hand.

Varianse Trading Hours

When one dedicates themselves to trading, the very idea becomes very clear that it’s a 24/7 job. Going with the same Varianse also believes the same.

The company provides 24/7 trading hours on almost all instruments.

There is however a trading break that is around 22:00 to 22:05 GMT.

Varianse Customer Care or Contact Details

The support services at Varianse are available plenty of hours to provide their valuable assistance.

Any customer or individual with a query can contact Varianse customer support from morning 9:00 to 18:00 GMT Monday to Friday.

However, there are other options as well to contact the support team, such as email and live chat.

Varianse Safety & Security

Safety regulations at Varianse are the topmost priority of their firm.

Their trading platforms are well secured with end-to-end encryptions along with that company is also very obedient to various country laws and is licensed by the top tier authorities.

Varianse Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

Varianse Forex Trading – Conclusion or Verdict

If you are someone who is looking forward to joining a broker house where you can grow as a trader then Varianse is the one for you.

You can easily start with their young trader’s account and can slowly climb the steps to the professional account, along with expecting Varianse to assist you all the way.

The company is secure, safe, and provides valuable input to your passion for trading.

Varianse Review FAQs

Here is the list of FAQs related to the Varianse forex trader:

Is Varianse Safe for Trading?

Yes, you can totally rely on Varianse for the safety of your funds.

The company is well regulated by the Australian government and also by the governments of the countries they have offices in – Toronto, Sydney, and London plus five more.

What is the Commission for Varianse?

The commission at Varianse is different for every account that is presented to the clients.

There is no commission for their classic account, however, there is a commission of $3.5 for their ECN account and the account following that.

How to Open a Trading Account with Varianse?

In order to open a live account with Varianse, you will first need to visit their website.

Individuals can easily see the option to make a live account with Varianse on the left-hand side.

The only process left after that is to provide personal information and other information that might be required by the company.

Can I invest in Cryptocurrency with Varianse?

No, at Varianse you cannot trade in crypto.

The company only provides trading in forex, commodities, and few other market assets and crypto aren’t one of them.

What leverage does Varianse provide?

There are two leverage scenarios at Varianse.

The one that goes standard and the other one that is for professionals.

For standard accounts, the leverage is around 1:30 for more professional accounts the leverage is around 1:400.

Does Varianse have a trading app?

Yes, Varianse offers a trading app inbuilt with its high-power MT4 software.

The app can be downloaded on both iOS and Android, giving users the freedom to trade from anywhere.

How to contact Varianse customer care?

You can contact Varianse customers are from Monday to Friday at the stipulated time that can be seen on their website.

One can also get their customer executive contact details from there itself.

Is Varianse Regulated?

Yes, Varianse is situated in Australia and is regulated by one of the most prominent Australian financial authorities.

Is Varianse good for Beginners?

Varianse is excellent for beginners, the company provides free educational materials and also a demo account in order to provide a glimpse of how it’s going to be in the real market to the young traders.

Who Founded Varianse?

Noah Brier founded Varianse, the company is today spread in multiple countries but have their headquarters in Australia.

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