Roboforex vs Varengold Bank, 2024 Update
Roboforex Rating
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Varengold Bank Rating
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58.42% of retail investor accounts lose money when trading CFDs with this provider. |
Your capital is at risk |
Roboforex vs Varengold Bank Guide |
Read our In-Depth Roboforex vs Varengold Bank Review - Updated for 2024
This comprehensive analysis of Roboforex and Varengold Bank has been refreshed to reflect any changes for 2024 by industry experts with years of financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Roboforex vs Varengold Bank does not apply to all countries as follows:
Roboforex Excluded Countries
United States of America, and Japan.
Varengold Bank Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Roboforex vs Varengold Bank
All platforms for online trading feature certain ups and downs, and any comprehensive review of Roboforex and Varengold Bank would not be regarded as thorough without adopting a balanced approach.
Compare Roboforex and Varengold Bank to get a better understanding of the way they line up to each before you decide to open an account. Conducting a comprehensive comparison can put things into perspective so that you're aware of the expectations.
So you are looking for an online trading platform and are choosing between Roboforex or Varengold Bank. Which one is best in 2024?
This Roboforex vs Varengold Bank comparison contains the most recent information so you can easily compare Varengold Bank against Roboforex.
If you're a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will acquire proficient at all of the concepts of broker since you keep trading. For starters, you have to choose the ideal agent who will be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. Roboforex and Varengold Bank are just two such stages that will take you along with your investment into great heights. It's important to compare Roboforex vs Varengold Bank before you trust them with your money.
Our Roboforex vs Varengold Bank comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Roboforex and Varengold Bank side by side.
Our entire Roboforex vs Varengold Bank Review covers everything you need to know about trading with either Roboforex or Varengold Bank. A good agent can multiply your initial investments and give you favorable profits. If you would like 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 assess your broker before you select them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
Roboforex and Varengold Bank are both brokers that have paved their way successfully into the broker world. In this review, we've tried to collate a number of the important aspects of both Roboforex and Varengold Bank. This review can allow you to know whether either Varengold Bank or Roboforex is a good fit for your investments or not. We've attempted to breakdown all of the qualities and charges for your convenience.
Benefits of Roboforex and Varengold Bank Compared
Roboforex has a minimum deposit of $1 while Varengold Bank offers a $250 minimum deposit.
Why smaller minimum deposits are good and how Roboforex 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.
Roboforex allows you to trade around 12000 financial instruments while Varengold Bank has around 12000 financial instruments available.
The more instruments you can trade on the Roboforex and Varengold Bank 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 seriously do not want to miss out on a trading opportunity due to the limitations of Roboforex or Varengold Bank.
Roboforex and Varengold Bank Contact Details
Being able to contact your broker simply is important. Roboforex and Varengold Bank have the following contact details and social medias that you can use.
Broker | Roboforex | Varengold Bank |
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Telephone Number | +65 3158 8389 | |
info@roboforex.com | ||
Address | 2118 Guava Street, Belama Phase 1, Belize City, Belize | |
Roboforex Twitter Account | Varengold Bank Twitter Account | |
Roboforex Facebook Page | Varengold Bank Facebook Page | |
Roboforex Instagram Account | Varengold Bank Instagram Account | |
Roboforex LinkedIn Page | Varengold Bank LinkedIn Page | |
YouTube | Roboforex YouTube Channel | Varengold Bank YouTube Channel |
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Varengold Bank and Roboforex Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Roboforex and Varengold Bank will examine whether their mobile app meets all our requirements.
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. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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?
Roboforex vs Varengold Bank - Awards
Broker | Roboforex | Varengold Bank |
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Awards |
Roboforex have won many industry awards over the time they have been operating as an online broker. We list the most notable awards for Roboforex here.
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At the time of writing this Varengold Bank review, and despite Varengold Bank’s impressive offering, the company has surprisingly not garnered any awards to date. |
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Roboforex vs Varengold Bank - Frequently Asked Questions
Roboforex vs Varengold Bank - Headquarters And Year Of Founding
Roboforex was founded in 2009 and has its head office in Belize.
Varengold Bank was founded in 2008 and has its head office in Germany.
What is the minimum deposit for Varengold Bank or Roboforex
The minimum deposit for Roboforex is $1.
The minimum deposit for Varengold Bank is $250.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Roboforex and Varengold Bank are a good option.
Roboforex vs Varengold Bank - Regulation And Licencing In More Detail
Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. .
Varengold Bank is regulated by Unregulated.
Varengold Bank is unregulated but Roboforex has a strong collection of rules for ensuring fair trading on its platforms. For data encryption functions, they provide industry-standard secure socket layer (SSL).
As per their own privacy regulation, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare Roboforex vs Varengold Bank Commission And Fees
Roboforex and Varengold Bank are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 different types of fees for this objective.
The first sort of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, financing rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are people who are billed when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.
In general, neither Roboforex or Varengold Bank charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by Roboforex and Varengold Bank are relatively competitive. Consequently, you're charged more for non-trading actions on your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This Roboforex vs Varengold Bank review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For Roboforex And Varengold Bank
What Languages Do Roboforex And Varengold Bank Support?
Being able to talk easily with your trading broker is a key way of comparing online brokers to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you will find all the languages that both Roboforex and Varengold Bank support.
How Many Clients Do Roboforex and Varengold Bank Have?
Both Roboforex and Varengold Bank are well established with their customer base. It is important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users Roboforex and Varengold Bank have
Broker | Roboforex | Varengold Bank |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Roboforex and Varengold Bank Accept?
Roboforex 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 Roboforex and Varengold Bank
What Can You Trade With Roboforex and Varengold Bank?
Roboforex offers 12000 trading instruments and Varengold Bank offers 248.
Below you will find a full breakdown of what both Roboforex and Varengold Bank offer.
Roboforex Review
Roboforex vs Varengold Bank:
Table Of Contents
- Compare Roboforex vs Varengold Bank
- Benefits of Roboforex and Varengold Bank Compared
- Varengold Bank and Roboforex Mobile App Comparison
- Roboforex vs Varengold Bank - Awards
- Roboforex vs Varengold Bank - Frequently Asked Questions
- What is the minimum deposit for Varengold Bank or Roboforex
- Roboforex vs Varengold Bank - Regulation And Licencing In More Detail
- Compare Broker Fees For Roboforex And Varengold Bank
- What Languages Do Roboforex And Varengold Bank Support?
- How Many Clients Do Roboforex and Varengold Bank Have?
- What Payment Methods Do Roboforex and Varengold Bank Accept?
- What Can You Trade With Roboforex and Varengold Bank?