Ascot Securities
Varengold Bank
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Overview
Ascot Securities was founded in 1996 and is headquartered in Estonia, while Varengold Bank was established in 2008 and is based in Germany. Ascot Securities holds licences including Cyprus Securities and Exchange Commission (CySEC), while Varengold Bank is regulated by Unregulated among others. Ascot Securities serves 10,000+ clients worldwide; Varengold Bank has 10,000+. The minimum deposit is $25 at Ascot Securities and $250 at Varengold Bank.
| Feature | Ascot Securities | Varengold Bank |
|---|---|---|
| Min. Deposit | $25 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Unregulated |
| Founded | 1996 | 2008 |
| Country | Estonia | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ascot Securities and Varengold Bank, directly affecting your bottom line as a trader. Ascot Securities has a lower barrier to entry with a minimum deposit of $25 (vs $250 at Varengold Bank). Both brokers charge withdrawal fees. Ascot Securities applies inactivity fees on dormant accounts; Varengold Bank does not. Ascot Securities charges deposit fees; Varengold Bank does not. Overall, Ascot Securities scores higher on fees in our assessment.
| Feature | Ascot Securities | Varengold Bank |
|---|---|---|
| Min. Deposit | $25 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
Ascot Securities 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 | Ascot Securities | 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 | Desktop,Android,iPhone/iPad,Mac | Desktop,Android,iPhone,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ascot Securities and Varengold Bank compare. Varengold Bank runs regular live webinars; Ascot Securities does not. Both provide video tutorials. Varengold Bank publishes daily market commentary; Ascot Securities does not. Both integrate third-party research tools. Varengold Bank maintains an archive of past webinars for on-demand viewing. Varengold Bank scores higher overall in education and research.
| Feature | Ascot Securities | Varengold Bank |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ascot Securities accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Varengold Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ascot Securities | Varengold Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Ascot Securities and Varengold Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Ascot Securities | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |