Investors Intelligence
Varengold Bank
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Overview
Investors Intelligence was founded in 1947 and is headquartered in London, while Varengold Bank was established in 2008 and is based in Germany. Investors Intelligence holds licences including Financial Conduct Authority (FCA), while Varengold Bank is regulated by Unregulated among others. Investors Intelligence serves 10,000+ clients worldwide; Varengold Bank has 10,000+. The minimum deposit is $1 at Investors Intelligence and $250 at Varengold Bank.
| Feature | Investors Intelligence | Varengold Bank |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 1947 | 2008 |
| Country | London | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Investors Intelligence and Varengold Bank, directly affecting your bottom line as a trader. Investors Intelligence has a lower barrier to entry with a minimum deposit of $1 (vs $250 at Varengold Bank). Varengold Bank charges withdrawal fees while Investors Intelligence does not, giving Investors Intelligence an edge for frequent withdrawers. Investors Intelligence applies inactivity fees on dormant accounts; Varengold Bank does not. Overall, Investors Intelligence scores higher on fees in our assessment.
| Feature | Investors Intelligence | Varengold Bank |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Investors Intelligence 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 Investors Intelligence does not offer. Varengold Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | Investors Intelligence | 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 | 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 Investors Intelligence 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. Investors Intelligence scores higher overall in education and research.
| Feature | Investors Intelligence | 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. Investors Intelligence 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 | Investors Intelligence | 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 Investors Intelligence 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 | Investors Intelligence | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |