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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.

This Varengold Bank review contains the most recent information about Varengold Bank.

If you're a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will get adept at all of the concepts of broker since you continue trading. For starters, you need to select the right broker who will be transparent with you constantly.

In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program will create hefty returns. Varengold Bank is one such stage that will take you and your investment into great heights. It's important to know about Varengold Bank before you trust them with your cash.

Varengold Bank review

Our full Varengold Bank Review covers everything you need to know about trading using Varengold Bank. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to make profits, you must trade with a brokerage service that aligns with your investing objectives.

There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully assess your agent before you select them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.

Varengold Bank is a broker that has forged its way successfully to the brokerage world. In this review, we've attempted to collate a number of the important aspects of Varengold Bank. This review will help you to understand whether Varengold Bank is a good fit for your own investments or not. We've attempted to breakdown all the features and fees for your convenience.

Varengold Bank Review, Table Of Contents

Who are Varengold Bank?

Varengold Bank is a foreign exchange broker headquartered in Germany and provides a range of instruments for online trading. Since its beginning in 2008, Varengold Bank has emerged as a leading player in the industry of online broker. Varengold Bank has a highly 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 client base is becoming as big as 10,000+ clients.

Varengold Bank is a favorite for many traders.. Our Varengold Bank review found that they're an superb choice for automated trading solutions. It is most appropriate for investors who are searching for an assortment of assets. Social and automated trading options 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 honest, transparent, and also 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 research.

The trader resource department at Varengold Bank is very enlightening for new traders since it allows them to get a closer look at the financial markets. Varengold Bank caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.

Benefits of trading with Varengold Bank?

Trading with Varengold Bank includes many advantages. These benefits are what sets Varengold Bank apart from the rest of the online agents. You should check all of the advantages listed so you have a better understanding of Varengold Bank.

The agent goes to great lengths to understand what dealers need. Consequently, the service cost is low, quick, and convenient. The agent also gives a number of programs for all types of traders. Varengold Bank ensures that the individual needs of all online traders are duly met.

Varengold Bank also includes excellent trading conditions which are readily available to just an elite group of institutional customers. The tight spreads and fast executions are a fantastic advantage for the traders. The technology adopted by Varengold Bank is among the maximum caliber, making sure that it's fast, reliable, and efficient.

Varengold Bank admits the importance of owning a fast order execution. A fast implementation will allow users to trade without fretting about slippage safely. It is going to also help the dealers to catch the maximum profitable opportunities.

Automated trading is another important aspect of Varengold Bank. A new trader can learn from business experts utilizing the automatic trading alternative. The tight spread begins from as low as 0.0 pips, even though they are available for only razor accounts.

Varengold Bank has over 248 trading tools to support all types of traders. These tools are dynamic and suitable for both new and seasoned traders. The dealers can put aside all their worries when trading with Varengold Bank.

Varengold Bank overview

Year Founded: 2008

Regulated By: Unregulated

Hedquarters: Germany

Minimum Deposit: $250

Number Of Clients: 10,000+

Your capital is at risk

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.

What you should know about trading using Varengold Bank

Varengold Bank is a dynamic platform that provides various procedures of online trading. These tools cover the monetary markets substantially. Most of the broker platforms offer fewer approaches than Varengold Bank

If you would like to exchange with Varengold Bank, you'll require a minimum deposit of $250. This deposit is compulsory if you want to begin trading with Varengold Bank. This 2021 Varengold Bank review will direct you easily about trading with them.

Varengold Bank is as versatile as any other broker platform. Varengold Bank is ideal for traders who want a manageable array of low-cost services. The programs provided by Varengold Bank are third party, white-label offerings. All traders can choose from 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 transaction must be kept open. The agents provide premium customer service that rewards customers with benefits.

Many unethical brokers attempt to pressurise customers into bigger funding for superior services. Varengold Bank, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the more benefits will come along.

Varengold Bank accounts are available around the world and provides quality service wherever they have clients. 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:

Is Varengold Bank Safe To Trade With?

Established in 2006, 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 make sure that trading platforms have measures in place to keep investor's assets secured. This means that Varengold Bank users don't need to worry about their money as it is segregated and safely stored in established banks. SSL encryption simplifies each user's private information also.

You are able to make use of an option for 2 Factor Authentications (2FA) with Varengold Bank for heightened safety. An SMS for the confirmation code will be sent to a mobile phone. You'll be required to input this code to log in to your accounts.

Another concern with financial brokers with respect to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more prevalent in the example of Market Maker brokers who compete with users on the stage.

Pro's & Con's Of Trading With Varengold Bank

Every online trading platform will have a few pros and cons Varengold Bank review would be complete without showing both sides. 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 Traders Trust Twine eOption
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $250 $100 $100 $500
Year Founded 2008 1998 2008 2008
Headquarters Germany Cyprus USA USA
Regulated By Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ? e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) Unregulated Unregulated
Clients 10,000+ 10,000+ 10,000+ 10,000+
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 strong collection of rules for ensuring honest trading on its platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.

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 need to get started on Varengold Bank is $250. This is a decent amount for people just starting out. You can make more advanced residue as you go along. But, ensure you know how to make the most of your money before investing larger sums.

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 better. In other words, an online broker isn't necessarily affected by the amount of customers they have.

However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of fees for this purpose.

The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you are paying a spread, funding rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those that are billed when you hold a leveraged position for longer than daily.

Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.

In general, Varengold Bank does not charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who often exchange, for example weekly or daily trading.

But, non-trading fees charged by Varengold Bank are comparatively higher. As a result, you're billed more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't about the sale and purchase of resources.

This Varengold Bank review breaks down each of the relevant non-trading charges for you in detail.

Compare broker fees against Varengold Bank

Varengold Bank Traders Trust Twine eOption
Minimum Deposit $250 $100 $100 $500
Withdrawal Fees variable 0.5%- 2.5% variable variable
Inactivity Fees YEs
Deposit Fees variable
CFD Fees $50/ lot

Varengold Bank Review - Withdrawal Fees Explained

Varengold Bank charges a withdrawal fee when you make a bank transfer. Every time you move money back into your bank account, these withdrawal charges become important.

Withdrawal of cash is possible at any time from your Varengold Bank account. It's possible to draw up sums to the amount of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't necessarily need to have any cash in your accounts.

Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn cash is going to be sent into the card. Varengold Bank will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you're opting 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 dealers that have not engaged in purchasing or selling for some time. The period regarded as inactive is determined by the broker.

The inactivity fee also differs from one broker to another and is not generalized. If a dealers account doesn't have a purchasing or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this fee under terms and conditions they had consented 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 better for you to close the account if you're inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.

For other trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is subjected to many 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 charged by the broker. Most agents don't 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 money on the Varengold Bank trading platform is easy. You just need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity proof and proof of residency to deposit substantial sums.

Varengold Bank Review - Compare Broker Deposit Methods

Varengold Bank Traders Trust Twine eOption
Minimum Deposit $250 $100 $100 $500
Credit Card

What Can You trade With Varengold Bank?

Note: Varengold Bank provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will 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 forex pairs is of interest to you then Varengold Bank offer over forex pairs.

Compare Varengold Bank, Traders Trust, Twine & eOption below.

Varengold Bank Traders Trust Twine eOption
Platforms Desktop, Android, iPhone, Mac MT4, Web Trader, Tablet & Mobile apps iPhone, iPad, Android, Tablet DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web)
Instruments Available 248 100 268 274
Forex & Crypto
Forex Pairs Available 15
Offers Major Forex Pairs? No Yes No Yes
Offers Minor Forex Pairs? No No No
Offers Exotic Forex Pairs? No No No
Offers Cryptocurrencies? No No No No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? No Yes No No
Trade Energies? No Yes No No
Trade Agricultural? No No No No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes No No Yes
Trade US Shares? No No No No
Trade German Shares? No Yes No No
Trade Japanese Shares? No No No No

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Your capital is at risk

Alternatives To Varengold Bank

If, after reading this Varengold Bank review, Varengold Bank does not meet your requirements check out these Varengold Bank alternatives.

We have scoured the internet to find the best alternatives to Varengold Bank. Click on the hyperlinks below to learn 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 provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you sign up 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 safety and confidence in you until you choose to spend your own money.

With this virtual Varengold Bankdemo account, you are able to experiment in any way, to whatever length you wish. You might also start positions, examine different trading approaches, and more.

Varengold Bank specifies on its official site which you are able to trade real time stocks with your demo account.

Is Varengold Bank safe?

It is possible to drop all of your worries since we believe that Varengold Bank is totally safe to use. It's in compliance with the rules of Unregulated.

Nevertheless, Varengold Bank doesn't 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 methods to fund your account with Varengold Bank. The process is effortless and quick, with various payment methods at your fingertips.

You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal is not 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 good conformation to. It has established plenty of steps to guard all its own investors.

Varengold Bank protects its customers' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you wish to further protect your account, you can enable Two-Step Verification as well. It takes 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 is a great and intuitive platform with useful features for your ease. Moreover, you could even obtain access to a vast selection of educational tools and assistive substance to kickstart your trading experience.

If you remain skeptical, you can open a eToro demo account and assess the trustworthiness of the platform for yourself.

Which Countries does Varengold Bank support?

Varengold Bank operates across the world. However, due to regulations there are some countries that Varengold Bank cannot accept clients from

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 this platform is its fast order execution on trades.

You'll discover the clean design of this platform along with the commendable features 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 has over 10,000+ registered customers and over 13 years of experience on its own record. They are one of the world's top trading platforms and also a dominant figure in the Fintech revolution.

It simplifies this status to its incredible platform and wide selection of resources plus tools so you may 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?

Using Varengold Bank, several traders earn a lot of cash. However, typically, through continual trading, you also can make between 2% - 10% profit a month.

This may seem to be a little number, but within the entire year, this adds to a substantial amount of gains. While Varengold Bank provide you all of the tools to earn money, they can't guarantee that you will profit.

Does Varengold Bank have fees?

Yes. To begin trading with Varengold Bank, you have to deposit $250. Certain commissions while trading additionally applies. Any processing fees from your bank will have 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 worldwide recognised broker 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 doesn't provide negative balance protection. If your balance is unfavorable, Varengold Bank suggests that you contact customer services. With this, you can correct any imbalances in your account.

Does Varengold Bank offer guaranteed stop loss?

Varengold Bank unfortunately, does not offer guaranteed stop loss. Varengold Bank gives a chance to its traders to close their trade in their specified price. Aside from that, Varengold Bank doesn't offer guaranteed stop loss.

Does Varengold Bank allow scalping?

Yes, Varengold Bank do allow scalping. Several traders across the world select Varengold Bank due to their services that are trading. They offer trading on Desktop,Android,iPhone,Mac which let 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.