Forex EE
Varengold Bank
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Varengold Bank was established in 2008 and is based in Germany. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while Varengold Bank is regulated by Unregulated among others. Forex EE serves 10,000+ clients worldwide; Varengold Bank has 10,000+. The minimum deposit is $100 at Forex EE and $250 at Varengold Bank.
| Feature | Forex EE | Varengold Bank |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Ministry of Economic Affairs in Estonia | Unregulated |
| Founded | 2008 | 2008 |
| Country | Grenadines | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and Varengold Bank, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Varengold Bank). Both brokers charge withdrawal fees. Overall, Forex EE scores higher on fees in our assessment.
| Feature | Forex EE | Varengold Bank |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Forex EE offers MT5, cTrader, while Varengold Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Varengold Bank supports social and copy trading features, which Forex EE does not offer. Varengold Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | Varengold Bank |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | Desktop,Android,iPhone,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and Varengold Bank compare. Varengold Bank runs regular live webinars; Forex EE does not. Both provide video tutorials. Varengold Bank publishes daily market commentary; Forex EE 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 | Forex EE | 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. Forex EE 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 | Forex EE | 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 Forex EE 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 | Forex EE | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |