AvaTrade
Varengold Bank
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Varengold Bank was established in 2008 and is based in Germany. AvaTrade holds licences including Central Bank of Ireland, while Varengold Bank is regulated by Unregulated among others. AvaTrade serves 200,000+ clients worldwide; Varengold Bank has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | AvaTrade | Varengold Bank |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Unregulated |
| Founded | 2006 | 2008 |
| Country | The British Virgin Islands | Germany |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Varengold Bank, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Varengold Bank charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | AvaTrade | Varengold Bank |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
AvaTrade 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 | AvaTrade | 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, Mac, Mirror Trader, ZuluTrade, 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 AvaTrade and Varengold Bank compare. Varengold Bank runs regular live webinars; AvaTrade does not. Both provide video tutorials. Varengold Bank publishes daily market commentary; AvaTrade 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 | AvaTrade | 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. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Varengold Bank supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Varengold Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | 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 AvaTrade and Varengold Bank offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Varengold Bank supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |