Admiral Markets
Varengold Bank
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Overview
Admiral Markets was founded in 2001 and is headquartered in UK, while Varengold Bank was established in 2008 and is based in Germany. Admiral Markets holds licences including Financial Conduct Authority (FCA) – registration number 595450, while Varengold Bank is regulated by Unregulated among others. Admiral Markets serves 10,000+ clients worldwide; Varengold Bank has 10,000+. The minimum deposit is $200 at Admiral Markets and $250 at Varengold Bank.
| Feature | Admiral Markets | Varengold Bank |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Financial Conduct Authority (FCA) – registration number 595450, Cyprus Securities and Exchange Commission (CySEC) - license number 201/13, Australian Financial Services Licence (AFSL) no. 410681, Jordan Securities Commission (JSC) registration number 57026 | Unregulated |
| Founded | 2001 | 2008 |
| Country | UK | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Admiral Markets and Varengold Bank, directly affecting your bottom line as a trader. Admiral Markets has a lower barrier to entry with a minimum deposit of $200 (vs $250 at Varengold Bank). Varengold Bank charges withdrawal fees while Admiral Markets does not, giving Admiral Markets an edge for frequent withdrawers. Admiral Markets charges deposit fees; Varengold Bank does not. Overall, Admiral Markets scores higher on fees in our assessment.
| Feature | Admiral Markets | Varengold Bank |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
Admiral Markets offers MT4, MT5, cTrader, while Varengold Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Admiral Markets | Varengold Bank |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Desktop,Android,iPhone,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Admiral Markets and Varengold Bank compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Admiral Markets scores higher overall in education and research.
| Feature | Admiral Markets | Varengold Bank |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Admiral Markets accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Varengold Bank supports 2 (bank transfer, credit/debit card). Admiral Markets uniquely supports Skrill and Neteller among the two brokers. Admiral Markets scores higher on deposit and withdrawal flexibility.
| Feature | Admiral Markets | Varengold Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Admiral Markets and Varengold Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Admiral Markets supports 22 languages and Varengold Bank supports 2, giving Admiral Markets broader global reach. Both brokers are comparable on support quality.
| Feature | Admiral Markets | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Hungarian, Bulgarian, Cestina, German, Dutch, French, Eesti, Francais, Greek, Latviesu, Lietuviskas, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian | English, and Chinese |