VARIANSE Review
What is Varianse?
Varianse, a UK-based brokerage company, allows clients to trade with experts with a pureSTP modelto gain access to a rich pool of Institutional Liquidity.
Broker: VARIANSE
Minimum deposit: 500 US$
Leverage: 1:30
Regulator: FSC and FCA, LFSA
Year: 2004
Platforms: MT4, Flextrade
HQ: UK
VARIANSE Licence:
VDX derivatives - Authorized by FSC (Mauritius), registration no. C118023323
VDX Ltd. - FCA (UK), registration number. 802012
VDX Capital Ltd. - Authorized by LFSA Malaysia (Malaysia), registration number. MB/20/0051
Technology for trading
Varianse also developed technologyand partnered MetaStock in order to provide industry-leading software for real-time market information and analysis.
Additionally, Thomson Reuters real time market news and MetaStock XENTIH provide the information you need in an organized, intuitive manner. This is in addition to the empowering tools that are used worldwide by professionals in Tier 1 Banks, Hedge Funds & brokerage houses.
You can now enjoy advanced trading with all the latest information and tools that are at your disposal at Varianse.
Overview
Varianse has proven to be a powerful trading platform, a range of platforms and software, as well as Spread Betting. The costs can be based on commissions or spreads.
Cons, Varianse is more appropriate for traders who have experience and larger traders. There are no formal education requirements.
Pros
MetaTrader XENITH free trial
Ultra-fast execution times
No maximum trade size
Automated trading
Cons
Limited customer support hours
No cryptocurrency trading
No educational resources
No social trading
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.7
Awards
The broker's goal to be a top global multi-asset broker has been recognized by financial institutions and independent organizations around the world.
Varianse: Safe or scam?
Varianse isn't a scam. It is a trading name for VIbhs Financial Ltd. This is licensed and regulated in the United Kingdom by the Financial Conduct Authority (FCA). The serious regulation and authorization of reputable jurisdictions is the first thing you should check to ensure that you are trading with a reliable broker.
The company complies with all FCA regulations and performs its operations in accordance with strict client treatment standards. All client funds are kept in separate accounts at reputable banks like Barclays Bank in London.
Varianse must also submit financial reports to regulators. Varianse must also participate in the Compensation Scheme FSCS that will provide funds for clients in the event of company insolvency.
Instruments
To create high-frequency trading via more than 100 tradable instrumentthrough 5 asset class including Forex, Indices Futures Energies and Metals as well Spread betting for UK clients. Varianse partners between traditional FX and CFD broking.
It means that you can use advanced technology to connect to liquidity providers and interbank quotations through the maintained trading servers located at the London Equinix IBX Datacenter. This is also cross-connected with multiple Tier 1 Institutional providers.
Leverage
Forex trading offers you the opportunity to leverage powerful tools, which can increase your potential gains by multiplying the initial balance. Leverage levels will vary depending on the regulatory restrictions and your level of proficiency.
Retail traders can use the maximum level of European ESMA to 1:30 in major currencies, 1:10 in minor currencies and 1:10 in commodities. Professional traders can apply for higher levels, up to 1:400 in currencies.
Types of accounts
Varianse offers a variety of account types to suit different trading needs. There are multiple base currency accounts that can be used for USD, EUR and GBP. All accounts have access to personal trading support and dedicated account managers. You can also use the Demo account to test MT4.
You may also benefit from the LatentX technology, regardless of account type.Overall There are three main account types: Prime , ECNpro, and Classic .
Fees
Varianse provides price transparency because it uses direct ECN connectivity. There are low transaction costs, built into floating tight spreads or a commission fee.
Spreads
Varianse spread varies depending on account type. Standard accounts are free from commission and feature brokers markup, so spreads start at 1 pip.
ECNPro account and Prime account are also available. You will be delighted with the 0 pip spread. However, additional commission per lot is applied. See commissions above and some spreads below.
You can also compare Variense fees with another broker FP Markets.
Payment Methods
You can choose from the available deposit and withdrawal options to fund your Live account. These include Wire Bank transfers and Card payments.
Minimum deposit
Standard Varianse Account requires $500 for the first deposit. Minimum deposits are usually determined by the type of account you choose. Higher grade accounts require more funds because they offer a professional trading environment and a tailored trading solution.
Withdrawal
Varianse charges no fees to deposit funds and offers a wide range of withdrawal options. However, fees that payment processors may charge (Skrill, SoFOrt, etc.) are usually 2.9%. The client is responsible for these fees. withdrawals may incur an additional fee. 5$ for Credit Cards, 1% Skrill Transfer, both of which are charged due to the actual transaction.
Trade Platforms
Varianse offers advanced trading platforms that can be used to meet the needs of different traders levels. These platforms allow you to trade in any market conditions and to build custom indicators. You can even create your own automated strategies. Varianse offers three options: a popular MetaTrader4, Flextradeand mobile-based trading platforms.
Web platform
The platforms allow traders to trade from either a desktop or web version. However, mobile apps provide connectivity wherever the trader is and offer great flexibility. Varianse trading platform provides a great framework for EA/Algo trading and the best conditions to execute scalping or hedging strategies.
Desktop trading
A Flextrade is an exclusive feature that Prime account clientsonly has. This software offers a professional choice and allows for advanced point-and-clicks GUI execution.
The platform supports advanced STP execution, full market depth, volume, and support for different order types, including OCO Stops and multiple execution modes GTC VWAP IOC VWAP, GTC Limit.
Additionally, Varianse's Baskets and Indices Tool allows traders to monitor, analyze and chart multiple currency pairs. This tool is often used by central banks to compare one currency to a trade-weighted indicator of its trading partners.
Clients can use the tool for a variety of tactical and strategic opportunities. These include intraday scalping and correlation decoupling market trending, data releases, and news flow.
Conclusion
Varianse's review concluded that the company has a strong technology foundation and is supportive of their clients. The company is well-regulated and monitored by the FCA, which gives traders peace of mind knowing that they are trading with a trusted broker. Pure STP offers vast investment opportunities, and Varianse allows traders of all sizes, trading styles, and expertise to participate in the trading.