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Varengold Bank FX

Varengold Bank FX
SKU:
Brand: FX Brokers
Category: Forex Broker

  • Platform

  • Min deposit

  • Min lot

  • Spreads

  • Broker Type

  • Regulated

Our Rating

The overall rating is based on review by our experts

5
  • Broker Customer Service 5 / 10
  • Broker Features 5 / 10
  • Forex Pricing 5 / 10
  • Trading Platform Connectivity 5 / 10
  • Trading Platform Usability 5 / 10

Varengold Bank FX is a Forex Broker . It started opening it’s doors to clients in 1995 , establishing it’s offices in Germany , United Arab Emirates, United Kingdom. Varengold Bank FX (Forex Broker) offers various trading accounts: Mini Account, Standard Account and the minimum deposit for Trading in Forex (FX) is $1.

broker1} offers accounts in: USD Account, EUR Account with variable spreads. The lowest spread offered in EuroDollar is 2.5 pips.
It’s platform (MT4 Desktop/Mobile/iOS/Android, ZuluTrade, FXSTAT ) can be traded on Desktop|Mobile|iOS|Android| , it offeres a Institutional account feed. The platform is set on EST (GMT-5) and it offers a 5 digits decimal spacing on it’s forex pairs. It’s Forex (FX) accounts offer a leverage of 200 : 1 Standard Account

On it’s platforms: MT4 , ZuluTrade, FXSTAT, you can set Trailing Stoploss, OCO orders, One click trading, furthermore it offers Mobile trading, No Webtrading and 42 fx pairs (17 exotic) 37 fx pairs Institutional. Among the foreign exchange products you can also trade, Gold, Silver, Commodities, Energies.

broker1} (Forex Broker) is regulated by BaFin, is a licensed bank, and is a Bank, independent dealer.

For all those wondering on the payment and withdrawal method, here is a list of funding methods:

Payments:Bank Wire, Credit Card, Debit Card, PayPal, Skrill

Withdrawals from your FX account:Bank Wire

Varengold Bank FX - Specs

Broker

Broker Type STP | Market maker
Broker Country Germany
Regulation BaFin, is a licensed bank
Indipendant Broker Bank, independent dealer
Year in Industry 1995
International Offices United Arab Emirates, United Kingdom

Account

Accept US Clients No US clients
Mini account deposit $1
Standard account deposit $1
Trading account currency USD Account, EUR Account
Leverage Account 200 : 1 Standard Account
Minimal size lot 0.01 lot
Leverage Mini account Mini Account, Standard Account

Payments

Funding method Bank Wire, Credit Card, Debit Card, PayPal, Skrill
Withdrawal method Bank Wire

Costs

Commissions no
Costs & Spreads variable
Costs/Lowest spreads on EURUSD 2.5 pips

Trading

Premium trading Institutional account
Scalping yes
Hedging
EAs allowed yes

Platform

Trading platform type MT4 Desktop/Mobile/iOS/Android, ZuluTrade, FXSTAT
Platform time zone EST (GMT-5)
Decimal pricing 5 digits
Trailing stops Trailing Stoploss
OCO orders OCO orders
One click One click trading
Mobile trading
Webtrading

Products

Currency pairs 42 fx pairs (17 exotic) 37 fx pairs Institutional
Exotic Pairs Exotic Forex Pairs
Gold Silver Gold, Silver
CFD Trading CFD trading
Other instruments Commodities, Energies

Other

MAM PAMM LAMM no
Managed Accounts No
Swap free accounts Yes
Segregated client accounts

Promotions and Offers

Bonuses (T&Cs apply) Yes
Contests Yes

Varengold Bank FX - Reviews

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  • Rate this Product

  • Funds deposit/withdrawal process, Support, Integrity.
    5
  • Currencies variety, API, News service, etc.
    5
  • Spreads, Spreads during news, Fees, Execution.
    5
  • Bluetooth, Wi-fi connectivity, data trnasfer speed, internet browsing and interfaces.
    5
  • What do you feel about usability and speed of UI (user interface), messaging, calling, contacts management, call history, notifications and internet browsing?
    5
  • 6 / 10 based on your selection