Varengold Bank Guide – Read our In-Depth Varengold Bank Review
Varengold Bank Rating: 2.78 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You will acquire adept at all of the concepts of broker as you keep trading. For starters, you need to select the right broker who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan will generate hefty returns. Varengold Bank is just one such stage that will take you along with your investment into great heights. It is crucial to understand about Varengold Bank until you trust them with your cash.
Varengold Bank Review – Brief Overview
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Number Of Clients:
10,000+ Varengold Bank users and traders
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Your capital is at risk
Our full Varengold Bank Review covers all you will need to know about trading using Varengold Bank. A good broker can multiply your first investments and provide you favourable profits. If you want to make profits, you must trade with a broker service that aligns with your investment goals.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you select them. It is a common misconception that all agents are the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
Varengold Bank is a broker that has paved its way successfully into the brokerage world. In this review, we've tried to collate some of the important aspects of Varengold Bank. This review will help you to understand whether Varengold Bank is a good fit for your investments or not. We have tried to breakdown all of the features 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?
- Varengold Bank Risk Disclaimer
- 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 foreign exchange broker headquartered in Germany and provides a variety of instruments for online trading. Since its start in 2008, Varengold Bank has emerged as a top player in the industry of online brokerage. Varengold Bank includes an extremely competitive and full-featured trading site that is focused on currency, indices, metals, shares, commodities.
Over the past 13 years, Varengold Bank has grown into one of the leading online brokers.
After launching in 2008, their consumer base is becoming as large as 10,000+ clients.
Varengold Bank is the favourite for many traders.. Our Varengold Bank review found that they are an excellent choice for automated trading options. It's best suited for investors that are looking for a variety of assets. Social and automated trading solutions are the heart at Varengold Bank.
Technology plays a significant role in Varengold Bank. Varengold Bank offers trading on Desktop,Android,iPhone,Mac. Varengold Bank is fair, transparent, and a well-regulated broker by the Unregulated. Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The educational department at Varengold Bank is quite enlightening for new dealers as it allows them to get a closer look at the financial markets. Varengold Bank caters to all sorts of traders and are a must-have broker for almost any well-diversified method of trading.
Varengold Bank Videos
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 should know about trading with Varengold Bank
Varengold Bank is a lively platform that provides various methods of online trading. These tools cover the financial markets substantially. Most of the broker platforms offer fewer procedures than Varengold Bank
If you would like to trade with Varengold Bank, you will need a minimum deposit of $250. This deposit is mandatory if you want to start trading with Varengold Bank. This 2021 Varengold Bank review will direct you safely about trading with them.
Varengold Bank is as flexible as any other broker platform. Varengold Bank is excellent for traders who want a manageable assortment of cheap services. The platforms supplied by Varengold Bank are third-party, white-label offerings. All traders may pick from Desktop,Android,iPhone,Mac.
Along with everything, Varengold Bank has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept available. The agents offer premium customer service which rewards customers with advantages.
Many unethical brokers try to pressurise users into bigger financing for superior services. Varengold Bank, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the further benefits will become available.
Varengold Bank accounts are available all over the world and provides quality service wherever they have customers. There are a few countries where Varengold Bank accounts are not available. Traders in the following countries cannot open or use a Varengold Bank account:
BR, KR, IR, IQ, SY, JP, US
Is Varengold Bank Safe To Trade With?
Launched in 2008, Varengold Bank has been in operation for 13 years, they are headquarted in Germany.
Varengold Bank is regulated by Unregulated. These bodies have rules that mandate that trading platforms have ploicies in place to keep investor's assets secured. This means that Varengold Bank users don't need to worry about their money as it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information as well.
You can make use of a choice for Two Factor Authentications (2FA) with Varengold Bank for heightened security. An SMS for the verification code will be sent to your mobile phone. You'll be asked to enter this code to log into your accounts.
Another concern with financial brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is more prevalent in the example of Market Maker brokers who compete with users on the stage.
Varengold Bank Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Varengold Bank
Every online trading platform will have some 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 offers Guaranteed Stop Loss
- Varengold Bank has low minimum deposit requirements
- Varengold Bank doesn't charge inactivity fees
- Varengold Bank doesn't charge deposit fees
- Varengold Bank offers social trading
- Varengold Bank offers copy trading
- Varengold Bank offer trading on Desktop,Android,iPhone,Mac
- Varengold Bank offer 248 trading instruments
- Varengold Bank can communicate in English, and Chinese
Varengold Bank Con's
- Varengold Bank does not offer Negative Balance Protection
- 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 charge CFD fees
- Varengold Bank doesn't offer trailing stop
Varengold Bank Review - Compare Brokers Similar To Varengold Bank
|Varengold Bank||XM.com||Argonaut Securities||BNP Paribas|
|Rating||2.78 / 10||7.18 / 10||5.73 / 10||5.78 / 10|
|Regulated By||Unregulated||International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Australian Securities Exchange (ASX), Australian Securities and Investment Commission (ASIC), Securities and Futures Ordinance (SFO), Securities and Futures Commission (SFC)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||77.29% of retail investor accounts lose money when trading CFDs with this provider.||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 strong set of rules for ensuring fair trading onto its platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer data is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
Varengold Bank Review - AwardsAt the time of writing this Varengold Bank review, and despite Varengold Bank’s impressive offering, the company has surprisingly not garnered any other awards to date.
Varengold Bank Trading Platforms
Varengold Bank are a trustworthy brokerage that has been trading for over 13 years. They offer a large range of options in their customer accounts.
In the following table we take the main parts of any great online broker and compare Varengold Bank against XM.com, Argonaut Securities, and BNP Paribas
Varengold Bank Review - Minimum Deposit Required
The minimum deposit that you need to begin on Varengold Bank is $250. This is a decent amount for people just starting out. You can make more advanced residue as you cooperate. But, ensure that you understand how to make the most of your cash before investing 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. In other words, an online broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of fees for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these instances, you are paying a spread, financing rate, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Funding or overnight rates are people who are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They're charged for operations like depositing cash, not investing for long periods, or withdrawals.
In general, Varengold Bank doesn't charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly trade, for example daily or weekly trading.
However, non-trading fees billed by Varengold Bank are relatively lower. As a result, you are billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This Varengold Bank review breaks down each of the relevant non-trading fees for you in detail.
Compare broker fees against Varengold Bank
Varengold Bank Review - Withdrawal Fees Explained
Varengold Bank charges a withdrawal fee if you create a bank transfer. Every time you transfer money into your bank account, these withdrawal fees become important.
Withdrawal of money is possible at any time from the Varengold Bank account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't necessarily have to have any cash in your account.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash is going to be sent to the card. Varengold Bank will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you're opting to draw in.
Varengold Bank Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your head while open an account with Varengold Bank. An inactivity fee is an amount charged to registered traders who haven't engaged in buying or selling for some time. The period considered inactive is determined by the broker.
The inactivity fee differs from one agent to another and is not generalized. If a dealers account doesn't have a buying or selling trade, it is claimed by the broker as an inactivity charge. The traders need to pay this fee under conditions and terms 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 charges have been implied by Varengold Bank, it's best for you to close the account if you're inactive. Inactivity fees aren't just charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is subjected to a lot of conditions and should be disclosed clearly by the broker beforehand.
Varengold Bank Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this particular 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 need to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity proof and evidence of residency to deposit large sums.
Varengold Bank Review - Compare Broker Deposit Methods
What Can You Trade With Varengold Bank?
Note: Varengold Bank offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may differ based 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 forex pairs is of interest to you then Varengold Bank offer over forex pairs.
Compare Varengold Bank, XM.com, Argonaut Securities & BNP Paribas below.
Reviewing The Varengold Bank Mobile App
Note: Varengold Bank's mobile app has many functions and is being constantly improved. The below information was correct at the time of writing this Varengold Bank review.
Understand the capabilities of the mobile apps of Varengold Bank, XM.com, Argonaut Securities & BNP Paribas below.
Alternatives To Varengold Bank
If, after studying this Varengold Bank review, they don't meet your needs check out these Varengold Bank alternatives.
We have scoured the web to find the best alternatives to Varengold Bank. Click on the hyperlinks below to find out more.
Frequently Asked Questions about Varengold Bank
Can I try Varengold Bank before I buy?
Yes, you can most definitely try Varengold Bank before you buy. Varengold Bank provides demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demonstration account on Varengold Bank, you may set out using a decent amount of virtual money. It's to establish a feeling of security and confidence in you before you decide to spend your own money.
With this digital Varengold Bankdemo account, you can experiment at all, to whatever length you desire. You might also open positions, test different trading strategies, and more.
Varengold Bank specifies on its official site which you can trade real time stocks with your demo account.
Is Varengold Bank safe?
You can drop all of your worries because we believe that Varengold Bank is completely safe to use. It's in compliance with all the rules of Unregulated.
Fortunately, Varengold Bank does 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 account with Varengold Bank is $250. You should have a good understanding of 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 methods to finance your account with Varengold Bank. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in all place. The currencies Varengold Bank
Is my money safe with Varengold Bank?
Yes, your cash is safe and protected with Varengold Bank. As you know, Varengold Bank operates with proper conformation to. It's established plenty of steps to guard all its investors.
Varengold Bank protects its clients' private and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your accounts, you can empower Two-Step Verification also. It takes an SMS confirmation for you to access your account.
Is Varengold Bank trading good?
Yes, trading through Varengold Bank is a nice and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. Moreover, you can also gain access to a huge collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does Varengold Bank support?
Varengold Bank operates around the world. However, due to regulations there are some countries that Varengold Bank cannot accept clients resident in BR, KR, IR, IQ, SY, JP, US
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 an excellent agent, and its own users may vouch for it. The highlight of the platform is its quick order execution on transactions.
You'll find the clean design of the platform along with 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 indisputably one of the industry leaders. It supports over 10,000+ registered users and over 13 years of expertise on its own record. They are one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide selection of tools plus resources so that you may put money into 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?
Using Varengold Bank, several traders earn a lot of cash. However, on average, through continual trading, you can create between 2% - 10% profit a month.
This may seem to be a little number, but within the entire year, this adds to a significant number of gains. Even though Varengold Bank supply you all of the tools to make money, they can't guarantee you will profit.
Does Varengold Bank have fees?
Yes. To begin trading with Varengold Bank, you need to deposit $250. Certain commissions while trading additionally apply. Any processing fees from your bank will 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+ clients.
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 doesn't offer negative balance protection. If your balance is negative, Varengold Bank indicates that you contact client services. With this, you are able to correct any imbalances in your account.
Does Varengold Bank offer guaranteed stop loss?
Yes, Varengold Bank offer a guaranteed Stop Loss order.
If there is no free margin left with the client, Varengold Bank will stop your positions. If the losses in the stopped out position exceeds your account balance, you may encounter a negative account balance.
Does Varengold Bank allow scalping?Yes, Varengold Bank do permit scalping. Several traders across the world choose Varengold Bank due to their scalping services. 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?
No, unfortunately you cannot trade German shares with Varengold Bank
Does Varengold Bank accept bank transfers?
Yes, Varengold Bank accepts bank transfers for depositing money.
Does Varengold Bank accept credit cards?
Yes, Varengold Bank accepts credit cards for depositing money.
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?
Yes, Varengold Bank accepts Payoneer for depositing money.
Does Varengold Bank accept Neteller?
No, Varengold Bank does not accept Neteller.
Does Varengold Bank offer Live Chat customer support?
Yes, Varengold Bank offers customer support through live chat.
Does Varengold Bank offer phone customer support?
Yes, Varengold Bank offers customer support over the telephone.
Does Varengold Bank offer email customer support?
Yes, Varengold Bank offers customer support through email.
What languages can Varengold Bank communicate in?
Varengold Bank has the ability to communicate and support customers who speak: English, and Chinese
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 capital. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of Varengold Bank's features before risking a live account.