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Read our In-Depth orbex vs Varengold Bank Review - Updated for 2022

This orbex vs Varengold Bank review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this orbex vs Varengold Bank review does not apply to US users.

So you are looking for a reputable broker and are choosing between orbex or Varengold Bank. Which one is best in 2022?

Our orbex vs Varengold Bank review contains the latest information so you can easily compare orbex and Varengold Bank

If you are a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll get proficient at all the concepts of brokerage since you keep trading. For starters, you have to select the right agent who will be transparent with you always.

In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan will generate hefty returns. orbex and Varengold Bank are two such companies which will take you and your investment into great heights. It's important to compare orbex vs Varengold Bank until you trust them with your cash.

Our orbex vs Varengold Bank comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust orbex and Varengold Bank side by side.

Our entire orbex vs Varengold Bank Review covers everything you need to know about trading with either orbex or Varengold Bank. A good broker can multiply your first investments and provide you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investment objectives.

There\'s absolutely no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It is a common misconception that all agents will be the same, but that\'s not true. Wrong judgment, initially, can put your investments in danger.

orbex and Varengold Bank are both brokers which have forged their way successfully into the broker world. In this review, we\'ve attempted to collate a number of the important facets of both orbex and Varengold Bank. This review can help you to understand whether either orbex or Varengold Bank is a fantastic fit for your own investments or not. We have tried to breakdown all the features and charges for your advantage.

Compare orbex vs Varengold Bank

Every online trading platform will have some pros and cons, and no orbex and Varengold Bank review would be complete without showing both sides. Compare orbex and Varengold Bank to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.


learn more about orbex

orbex

Benefits of orbex

Established in 2012

Headquartered in Cyprus

Minimum Deposit of $250

(Your capital is at risk)

orbex Regulations

Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F291 Regulations

orbex Languages

English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic

orbex Fees

Deposit FeesNo
Inactivity FeesNo
Withdrawal FeesYes
Min Deposit$250

(Your capital is at risk)


learn more about Varengold Bank

Varengold Bank

Benefits of Varengold Bank

Established in 2008

Headquartered in Germany

Minimum Deposit of $250

(Your capital is at risk)

Varengold Bank Regulations

Unregulated Regulations

Varengold Bank Languages

English, and Chinese

Varengold Bank Fees

Deposit FeesNo
Inactivity FeesNo
Withdrawal FeesYes
Min Deposit$250

(Your capital is at risk)


learn more about eToro

eToro (Our Preferred Broker)

Benefits of eToro

Established in 2007

Headquartered in Cyprus, UK

Minimum Deposit of $50


(67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies)

eToro Regulations

Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

eToro Languages

English, German, Spanish, French, and Italian

eToro Fees

Deposit FeesNo
Inactivity FeesYes
Withdrawal FeesYes
Min Deposit$50

(67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies)

Benefits of orbex and Varengold Bank Compared

orbex offers a minimum deposit of $250 while Varengold Bank offers a $250 minimum deposit.

Why smaller minimum deposits are good and how orbex and Varengold Bank compare

The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

orbex has around 174 financial instruments whilst Varengold Bank allows you to trade around 248 financial instruments on their platform.

The more financial instruments you can trade on the orbex and Varengold Bank trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of orbex or Varengold Bank.

orbex and Varengold Bank Contact Details

Being able to contact an online trading platform through many ways is vital. orbex and Varengold Bank have the following contact details and social medias that you can use.

orbex
learn more about orbex
Varengold Bank
learn more about Varengold Bank
Telephone Number
Email
Address
Twitter @ @
Facebook
Instagram
LinkedIn
YouTube

Your capital is at risk

Your capital is at risk

Varengold Bank and orbex Mobile App Comparison

It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms. In this part of our comparison of orbex and Varengold Bank we'll check whether either of their mobile apps tick all the boxes. We rate overall the user-friendliness of the apps as Better than the average. It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

search functions

While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?

orbex
learn more about orbex
Varengold Bank
learn more about Varengold Bank
App Basic Alerts Yes Yes
Watchlist Yes No
Watchlist Syncs Across Devices No Yes
Trading Indicators In App Yes No
Can Draw Trendlines In App No Yes
Can Move Drawn Trendlines In App Yes No
App Offers Multiple Timeframes No Yes
App Saves Charts Yes No
App Has Economic Calendars Yes No

Your capital is at risk

Your capital is at risk

Review - Awards

orbex
learn more about orbex
Varengold Bank
learn more about Varengold Bank
Awards At the time of writing this orbex review, and despite orbex’s impressive offering, the company has surprisingly not garnered any other awards to date. At 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.

orbex vs Varengold Bank - Frequently Asked Questions

orbex vs Varengold Bank - Headquarters and year of founding

orbex was founded in 2012 and has its head office in Cyprus.

Varengold Bank was founded in 2008 and has its head office in Germany.

What is the minimum deposit for orbex or Varengold Bank

The minimum deposit for orbex is $250.

The minimum deposit for Varengold Bank is $250.

Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both orbex and Varengold Bank are a good option.

orbex vs Varengold Bank - Regulation And Licencing In More Detail

orbex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F291.

Varengold Bank is regulated by Unregulated.

Varengold Bank is unregulated but orbex has a strong collection of rules for ensuring fair trading onto its own platforms. For information encryption functions, they supply industry-standard secure socket layer (SSL).

As per their privacy policy, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare orbex vs Varengold Bank Commission And Fees

orbex and Varengold Bank are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the amount of customers they have.

But this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 different types of penalties for this purpose.

The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, funding speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people that are charged when you hold a leveraged position for longer than daily.

Apart from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They are charged for operations like depositing money, not investing for long periods, or withdrawals.

In general, neither orbex or Varengold Bank charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who often exchange, such as daily or weekly trading.

But, non-trading fees billed by orbex and Varengold Bank are comparatively greater. Consequently, you are charged more for non-trading actions on your trading account, such as withdrawal and deposits. These are not about the purchase and sale of assets.

This orbex vs Varengold Bank review for 2022 breaks down every one of the relevant non-trading fees for you in detail.

Compare Broker Fees For orbex And Varengold Bank

orbex
learn more about orbex
Varengold Bank
learn more about Varengold Bank
Minimum Deposit $250 $250
Withdrawal Fees Yes Yes
Inactivity Fees No No
Deposit Fees No No
CFD Fees No Yes

What Languages Do orbex and Varengold Bank Support?

Being able to talk easily with your trading platform is a key element when comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key part of success when trading forex.

Below you will find the languages that both orbex and Varengold Bank support.

orbex
learn more about orbex
Varengold Bank
learn more about Varengold Bank
Languages English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, and Chinese

How Many Clients Do orbex and Varengold Bank Have?

Both orbex and Varengold Bank are well known and trusted. It is really important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers are using their services.

Below you will find details of how many clients orbex and Varengold Bank are active on their platform

orbex
learn more about orbex
Varengold Bank
learn more about Varengold Bank
Clients 10,000+ 10,000+

What Payment Methods Do orbex and Varengold Bank Accept?

orbex and Varengold Bank both offer a wide range of payment options which is vital when you have a global customer base.

Below you will find details of all the payment options available at orbex and Varengold Bank

orbex
learn more about orbex
Varengold Bank
learn more about Varengold Bank
Bank Transfers Yes Yes
Credit Cards Yes Yes
PayPal Yes No
Skrill Yes No
Payoneer Yes Yes
Neteller Yes No

What Can You Trade With orbex and Varengold Bank?

orbex offers 174 trading instruments and Varengold Bank offers Array.

Below you will find a full breakdown of what both orbex and Varengold Bank offer

orbex
learn more about orbex
Varengold Bank
learn more about Varengold Bank
Total Forex Pairs 144
Major Forex Pairs Yes No
Minor Forex Pairs Yes No
Exotic Forex Pairs Yes No
Commodities Yes No
Metals Yes No
Energies Yes No
Agricultural No No
Total Shares 134
UK Shares No Yes
US Shares No No
German Shares Yes No
Japanese Shares No No