ifc markets
Varengold Bank
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Overview
ifc markets was founded in 2016 and is headquartered in Cyprus, while Varengold Bank was established in 2008 and is based in Germany. ifc markets holds licences including Financial Conduct Authority (FCA), while Varengold Bank is regulated by Unregulated among others. ifc markets serves 60,000+ clients worldwide; Varengold Bank has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | ifc markets | Varengold Bank |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F259 | Unregulated |
| Founded | 2016 | 2008 |
| Country | Cyprus | Germany |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ifc markets and Varengold Bank, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Varengold Bank charges withdrawal fees while ifc markets does not, giving ifc markets an edge for frequent withdrawers. ifc markets applies inactivity fees on dormant accounts; Varengold Bank does not. The two brokers are broadly comparable on fee structure.
| Feature | ifc markets | Varengold Bank |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
ifc markets 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 ifc markets does not offer. Varengold Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | ifc markets | 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 ifc markets and Varengold Bank compare. Varengold Bank runs regular live webinars; ifc markets does not. Both provide video tutorials. Varengold Bank publishes daily market commentary; ifc markets 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 | ifc markets | 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. ifc markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Varengold Bank supports 2 (bank transfer, credit/debit card). ifc markets uniquely supports PayPal and Skrill and Neteller among the two brokers. ifc markets scores higher on deposit and withdrawal flexibility.
| Feature | ifc markets | Varengold Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 ifc markets and Varengold Bank offer live chat support. Both provide phone support. Email support is available at both brokers. ifc markets supports 8 languages and Varengold Bank supports 2, giving ifc markets broader global reach. Both brokers are comparable on support quality.
| Feature | ifc markets | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |