AB Forex
Varengold Bank
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while Varengold Bank was established in 2008 and is based in Germany. Both brokers are regulated by Unregulated, among other authorities. AB Forex serves 10,000+ clients worldwide; Varengold Bank has 10,000+. The minimum deposit is $100 at AB Forex and $250 at Varengold Bank.
| Feature | AB Forex | Varengold Bank |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Unregulated | Unregulated |
| Founded | 2003 | 2008 |
| Country | STOCKHOLM | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and Varengold Bank, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Varengold Bank). Both brokers charge withdrawal fees. AB Forex applies inactivity fees on dormant accounts; Varengold Bank does not. AB Forex charges deposit fees; Varengold Bank does not. Overall, AB Forex scores higher on fees in our assessment.
| Feature | AB Forex | Varengold Bank |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
Varengold Bank supports social and copy trading features, which AB Forex does not offer. Varengold Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | Varengold Bank |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | Desktop,Android,iPhone,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and Varengold Bank compare. Varengold Bank runs regular live webinars; AB Forex does not. Varengold Bank has a video library; AB Forex does not. Varengold Bank publishes daily market commentary; AB Forex does not. Varengold Bank integrates third-party research tools (Trading Central); AB Forex does not. Varengold Bank maintains an archive of past webinars for on-demand viewing. Varengold Bank scores higher overall in education and research.
| Feature | AB Forex | Varengold Bank |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Varengold Bank uniquely supports bank transfer and credit/debit card among the two brokers. Varengold Bank scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | Varengold Bank |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Varengold Bank offers live chat; AB Forex does not, making Varengold Bank easier to reach in real time. Varengold Bank offers phone support; AB Forex does not. Varengold Bank offers email support; no email support was found for AB Forex. Both brokers offer support in 2 languages. Varengold Bank scores higher overall on customer support in our assessment.
| Feature | AB Forex | Varengold Bank |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, and Chinese |