Varengold Bank Guide – Read our In-Depth Varengold Bank Review
This Varengold Bank review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Varengold Bank review does not apply to US users.
If you're a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll get adept at all of the concepts of brokerage since you keep trading. For starters, you have to select the ideal agent who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program will generate hefty returns. Varengold Bank is one such platform which will take you and your investment into great heights. It's important to know all about Varengold Bank until you trust them with your cash.
Our entire Varengold Bank Review covers all you need to know about trading using Varengold Bank. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully assess your agent before you choose them. It is a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
Varengold Bank is a broker which has found its way successfully to the broker world. In this review, we've attempted to collate a number of the vital facets of Varengold Bank. This review can help you to know whether Varengold Bank is a good fit for your own investments or not. We have attempted to breakdown all the qualities and charges for your advantage.
Varengold Bank Review, Table Of Contents
- Who are Varengold Bank?
- Benefits Of Trading With Varengold Bank
- Everything you should know about trading with Varengold Bank
- Is Varengold Bank Safe To Trade With?
- Pro's & Con's Of Trading With Varengold Bank?
- Compare Brokers Similar To Varengold Bank
- Regulation And Licencing In More Detail
- Varengold Bank Awards
- Minimum Deposit Required For A Live Account With Varengold Bank
- Varengold Bank Commission And Fees Explained
- Compare broker fees against Varengold Bank
- Varengold Bank Withdrawal Fees Explained
- Varengold Bank Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Varengold Bank?
- Alternatives To Varengold Bank
- Frequently Asked Questions About Varengold Bank
Who are Varengold Bank?
Varengold Bank is a forex broker headquartered in Germany and provides a range of instruments for trading. Since its start in 2008, Varengold Bank has emerged as a top player in the field of online brokerage. Varengold Bank has an extremely aggressive and full-featured trading website that's focused on forex, indices, metals, stocks , commodities.
Over the past 13 years, Varengold Bank has grown into one of the leading online brokers.
After launching in 2008, their consumer base has become as large as 10,000+ clients.
Varengold Bank is the favorite for many traders.. Our Varengold Bank review found that they are an superb choice for automated trading solutions. It's most appropriate for investors that are searching for a variety of assets. Social and automated trading options are the heart at Varengold Bank.
Technology plays a substantial role at Varengold Bank. Varengold Bank features trading on Desktop,Android,iPhone,Mac. Varengold Bank is fair, transparent, and a well-regulated agent by the Unregulated. Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource department at Varengold Bank is very insightful for new traders since it permits them to have a closer look in the financial markets. Varengold Bank caters to all types of traders and are a must-have broker for any well-diversified method of trading.
If you feel that Varengold Bank is not right for you then at the bottom of this Varengold Bank review you wil find a lot of alternatives to Varengold Bank.
Everything you ought to know about trading with Varengold Bank
Varengold Bank is a dynamic platform that offers various techniques of trading. These instruments cover the financial markets considerably. The Majority of the broker platforms provide less approaches than Varengold Bank
If you would like to exchange with Varengold Bank, you will need a minimum deposit of $250. This deposit is required if you would like to begin trading with Varengold Bank. This 2021 Varengold Bank review will direct you clearly about trading with them.
Varengold Bank is as flexible as any other broker platform. Varengold Bank is great for traders that want a manageable variety of low-cost services. The platforms supplied by Varengold Bank are third party, white-label offerings. All traders may select out of Desktop,Android,iPhone,Mac.
Along with everything, Varengold Bank has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade has to be kept available. The agents offer premium client service that rewards customers with benefits.
Many unethical brokers attempt to pressurise users into bigger funding for premium services. Varengold Bank, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more advantages will become available.
Varengold Bank accounts are available all over the world and provides quality service everywhere they have customers. There are some select few countries where Varengold Bank accounts are not available. Traders in the following countries cannot open or use a Varengold Bank account:
Is Varengold Bank Safe To Trade With?
Launched in 2008, Varengold Bank has been in operation for 13 years, they have a head office in Germany.
Varengold Bank is regulated by Unregulated. These figures have rules that make sure that trading platforms have ploicies in place to maintain investor's assets secured. This usually means that Varengold Bank users do not need to worry about their money since it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You are able to make use of an option for Two Factor Authentications (2FA) with Varengold Bank for increased security. An SMS for the confirmation code will be sent to your phone. You'll be asked to input this code to log into your accounts.
Another concern with financial brokers is in regards to security may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is much more widespread in the example of Market Maker agents who compete with customers on the stage.
Pro's & Con's Of Trading With Varengold Bank
Every online trading platform has a few ups and downs, and no Varengold Bank review would be complete without having a balanced approach. This Varengold Bank review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Varengold Bank Pro's
- Varengold Bank is trusted by 10,000+ clients
- Varengold Bank doesn't charge inactivity fees
- Varengold Bank doesn't charge deposit fees
- Varengold Bank doesn't charge CFD fees
- Varengold Bank offer trading on Desktop,Android,iPhone,Mac
- Varengold Bank offer 248 trading instruments
- Varengold Bank can communicate in
Varengold Bank Con's
- Varengold Bank does not offer Negative Balance Protection
- Varengold Bank does not offer Guaranteed Stop Loss
- Varengold Bank charge withdrawal fees
- Varengold Bank doesn't trade major forex pairs
- Varengold Bank doesn't trade minor forex pairs
- Varengold Bank doesn't trade exotic forex pairs
- Varengold Bank doesn't offer trading on cryptocurrencies
Varengold Bank Review - Compare Brokers Similar To Varengold Bank
|Varengold Bank||OptionWeb||Evans and Partners||PaxForex|
|Headquarters||Germany||Cyprus||USA||Saint Vincent and the Grenadines|
|Regulated By||Unregulated||Cyprus Securities and Exchange Commission (CySEC)||Unregulated||Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk|
Varengold Bank Review - Regulation And Licencing In More Detail
Varengold Bank is regulated by Unregulated.
Varengold Bank, as a company, has a powerful set of rules for ensuring fair trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
Varengold Bank Review - Awards
- At the time of writing this Varengold Bank review, they had not received any awards.
Varengold Bank Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Varengold Bank is $250. This is an adequate amount for those just beginning. You can create more complex deposits as you go along. However, ensure that you understand how to make the most of your cash before investing in larger amounts.
Varengold Bank Review - Commission And Fees Explained
Varengold Bank is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the number of clients they have.
But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 types of fees for this objective.
The first sort of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you are paying a spread, financing speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those that are charged when you maintain a leveraged position for more than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, Varengold Bank doesn't charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly trade, for example weekly or daily trading.
But, non-trading fees charged by Varengold Bank are comparatively competitive. Consequently, you are billed more for non-trading actions on your trading account, such as withdrawal and deposits. These are not related to the sale and purchase of assets.
This Varengold Bank review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against Varengold Bank
|Varengold Bank||OptionWeb||Evans and Partners||PaxForex|
|Deposit Fees||No||No for deposits over $300|
Varengold Bank Review - Withdrawal Fees Explained
Varengold Bank charges a withdrawal fee if you make a bank transfer. Each time you move money into your bank account, these withdrawal charges become applicable.
Withdrawal of cash is possible at any time from your Varengold Bank account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin utilized. One thing to remember is that you don't necessarily have to have any cash on your account.
Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. Varengold Bank will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you are choosing to withdraw in.
Varengold Bank Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with Varengold Bank. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee also differs from 1 agent to another and isn't standardized. If a dealers account does not have a buying or selling transaction, it's maintained by the broker as an inactivity charge. The traders have to pay this fee under terms and conditions that they had agreed while enrolling.
Varengold Bank doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been implied by Varengold Bank, it's best that you close the account if you are inactive. Inactivity fees are not only charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is exposed to many conditions and needs to be revealed clearly by the broker beforehand.
Varengold Bank Review - Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge an excessive amount of money for this operation.
Varengold Bank doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Varengold Bank trading platform is easy. You just have to complete a single-user profile survey to begin depositing money into your trading account. You'll have to provide an identity proof and evidence of residency to deposit large amounts.
Varengold Bank Review - Compare Broker Deposit Methods
|Varengold Bank||OptionWeb||Evans and Partners||PaxForex|
What Can You trade With Varengold Bank?
Note: Varengold Bank offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ depending on the country of residence of the client.
Varengold Bank has a wide variety of over 248 instruments available for you to trade with.
If trading currency pairs is of interest to you then Varengold Bank offer over currency pairs.
Compare Varengold Bank, OptionWeb, Evans and Partners & PaxForex below.
Alternatives To Varengold Bank
If, after reading this Varengold Bank review, Varengold Bank does not meet your needs check out these Varengold Bank alternatives.
We've scoured the web to find the best alternatives to Varengold Bank. Click on the links below to find out more.
Frequently Asked Questions about Varengold Bank
Can I try Varengold Bank before I buy?
Yes, you can most certainly try Varengold Bank before you buy. Varengold Bank offers demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demo account on Varengold Bank, you will set out with a decent amount of virtual currency. It is to establish a feeling of security and confidence in you until you choose to invest your own money.
With this virtual Varengold Bankdemo account, you are able to experiment in any way, to whatever period you desire. You might even start positions, test different trading approaches, and much more.
Varengold Bank specifies on its official site that you are able to exchange real time stocks with your demo account.
Is Varengold Bank safe?
You can drop all of your worries since we believe that Varengold Bank is totally safe to use. It's in compliance with all the principles of Unregulated.
Nevertheless, Varengold Bank does not provide assured stop-loss protection.
Why does Varengold Bank ask for my passport?
The reason that Varengold Bank asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Varengold Bank has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Varengold Bank must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Varengold Bank?
The process to start trading withVarengold Bank is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Varengold Bank website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Varengold Bank is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Varengold Bank.
The best way to kickstart your trading career with Varengold Bank is to open a demo account facility before risking any real money
What funding methods do Varengold Bank accept?
There are a number of ways to fund your account with Varengold Bank. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal isn't available in all country. The currencies Varengold Bank
Is my money safe with Varengold Bank?
Yes, your money is safe and secure with Varengold Bank. As you already know, Varengold Bank works with good conformation to. It's established lots of steps to protect all of its own investors.
Varengold Bank safeguards its customers' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further protect your account, you can empower Two-Step Verification as well. It requires an SMS confirmation that you access your account.
Is Varengold Bank trading good?
Yes, trading via Varengold Bank is a pleasant and good experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you can even obtain access to a vast collection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does Varengold Bank support?
Varengold Bank operates around the globe. However, due to regulations there are some countries that Varengold Bank cannot accept clients resident in
Is Varengold Bank legit?
Varengold Bank is a legit company headquarted in Germany since 2008. They are regulated by Unregulated. Varengold Bank is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Varengold Bank a good broker?
Varengold Bank is a great broker, and its users can vouch for it. The highlight of the platform is its fast order execution on trades.
You will find the clean layout of this platform and the admirable features that a pleasure to work with.
Is Varengold Bank a trustworthy broker?
Yes, Varengold Bank is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Varengold Bank?
The minimum deposit to open a live account with Varengold Bank is $250
How long do Varengold Bank withdrawals take?
Normally, withdrawal of money from Varengold Bank is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Varengold Bank to show in your bank account.
Are Varengold Bank regulated?
Varengold Bank are regulated by Unregulated
Is Varengold Bank a market leading broker?
Varengold Bank is currently one of the industry leaders. It has over 10,000+ registered customers and over 13 years of expertise on its own record. They're among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad selection of tools plus resources so you can invest in capital markets.
Is Varengold Bank a con?
No, Varengold Bank is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Varengold Bank is not a scam.
Can you make money with Varengold Bank?
Through Varengold Bank, many traders earn a lot of cash. However, typically, through consistent trading, you also can make between 2% - 10% profit a month.
This can look like a little number, but over the year, this adds to a significant amount of gains. While Varengold Bank provide you all of the tools to earn money, they can't guarantee that you will gain.
Does Varengold Bank have fees?
Yes. To start trading using Varengold Bank, you have to deposit $250. Certain commissions while trading also apply. Any processing fees from your bank might need to be incurred by you.
When was Varengold Bank founded?
Varengold Bank was founded in 2008 in Germany. Varengold Bank is regulated by Unregulated.
How many people use Varengold Bank?
Varengold Bank is a globally recognised agent with 10,000+ customers.
Where is the Varengold Bank head office?
Varengold Bank has its head office in Germany
Does Varengold Bank offer negative balance protection?
No. Varengold Bank does not offer negative balance protection. If your balance is negative, Varengold Bank indicates that you contact customer services. For this, you are able to fix any imbalances in your own account.
Does Varengold Bank offer guaranteed stop loss?Varengold Bank regrettably, does not offer guaranteed stop loss. Varengold Bank gives a chance for its traders to close their trade in their given price. Aside from that, Varengold Bank doesn't offer guaranteed stop loss.
Does Varengold Bank allow scalping?Yes, Varengold Bank do permit scalping. Several traders across the world choose Varengold Bank due to their services that are trading. They offer trading on Desktop,Android,iPhone,Mac which allow this.
Does Varengold Bank allow hedging?
Yes, Varengold Bank does allow hedging.
Can you trade energies with Varengold Bank?
No, unfortunately you cannot trade energy stock with Varengold Bank
Can you trade agricultural shares with Varengold Bank?
No, unfortunately you cannot trade agricultural stock with Varengold Bank
Can you trade cryptocurrency with Varengold Bank?
No, unfortunately you cannot trade cryptocurrency with Varengold Bank
Can you trade metals with Varengold Bank?
No, unfortunately you cannot trade metals with Varengold Bank
Can you trade UK Shares with Varengold Bank?
Yes, you can trade UK shares with Varengold Bank
Can you trade US Shares with Varengold Bank?
No, unfortunately you cannot trade US shares with Varengold Bank
Can you trade Japanese Shares with Varengold Bank?
No, unfortunately you cannot trade Japanese shares with Varengold Bank
Can you trade German Shares with Varengold Bank?
Yes, you can trade German shares with Varengold Bank
Does Varengold Bank accept bank transfers?
No, Varengold Bank does not accept bank transfers.
Does Varengold Bank accept credit cards?
No, Varengold Bank does not accept credit cards.
Does Varengold Bank accept PayPal?
No, Varengold Bank does not accept PayPal.
Does Varengold Bank accept Skrill?
No, Varengold Bank does not accept Skrill.
Does Varengold Bank accept Payoneer?
No, Varengold Bank does not accept Payoneer.
Does Varengold Bank accept Neteller?
No, Varengold Bank does not accept Neteller.
Does Varengold Bank offer Live Chat customer support?
No, Varengold Bank does not offer customer support through live chat.
Does Varengold Bank offer phone customer support?
No, Varengold Bank does not offer customer support over the telephone.
Does Varengold Bank offer email customer support?
No, Varengold Bank does not offer customer support through email.
What languages can Varengold Bank communicate in?
Varengold Bank has the ability to communicate and support customers who speak:
Does Varengold Bank have a wikipedia page?
No, Varengold Bank does not have an official wikipedia page.
Does Varengold Bank offer demo accounts?
Yes, Varengold Bank offers demo accounts so you can learn their systems before risking any real money.