Markets.com
Varengold Bank
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Overview
Markets.com was founded in 2008 and is headquartered in Cyprus, while Varengold Bank was established in 2008 and is based in Germany. Markets.com holds licences including Cyprus Securities and Exchange Commission (CySEC), while Varengold Bank is regulated by Unregulated among others. Markets.com serves 10,000+ clients worldwide; Varengold Bank has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | Markets.com | Varengold Bank |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2008 | 2008 |
| Country | Cyprus | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Markets.com and Varengold Bank, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Varengold Bank charges withdrawal fees while Markets.com does not, giving Markets.com an edge for frequent withdrawers. Overall, Markets.com scores higher on fees in our assessment.
| Feature | Markets.com | Varengold Bank |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Markets.com 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 | Markets.com | 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, MT5, 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 Markets.com and Varengold Bank compare. Varengold Bank runs regular live webinars; Markets.com does not. Both provide video tutorials. Varengold Bank publishes daily market commentary; Markets.com 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 | Markets.com | 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. Markets.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while Varengold Bank supports 2 (bank transfer, credit/debit card). Markets.com uniquely supports PayPal among the two brokers. Markets.com scores higher on deposit and withdrawal flexibility.
| Feature | Markets.com | Varengold Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 Markets.com and Varengold Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Markets.com supports 14 languages and Varengold Bank supports 2, giving Markets.com broader global reach. Both brokers are comparable on support quality.
| Feature | Markets.com | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish | English, and Chinese |