Startrader
Varengold Bank
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Overview
Startrader was founded in 2011 and is headquartered in Hong Kong, while Varengold Bank was established in 2008 and is based in Germany. Startrader holds licences including Financial Conduct Authority (FCA), while Varengold Bank is regulated by Unregulated among others. Startrader serves 500,000 + clients worldwide; Varengold Bank has 10,000+. The minimum deposit is $50 at Startrader and $250 at Varengold Bank.
| Feature | Startrader | Varengold Bank |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Regulation | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) | Unregulated |
| Founded | 2011 | 2008 |
| Country | Hong Kong | Germany |
| Clients | 500,000 + | 10,000+ |
Fees
Fees are a critical factor when choosing between Startrader and Varengold Bank, directly affecting your bottom line as a trader. Varengold Bank has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Startrader). Both brokers charge withdrawal fees. Overall, Startrader scores higher on fees in our assessment.
| Feature | Startrader | Varengold Bank |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Startrader offers MT4, MT5, cTrader, while Varengold Bank supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. Varengold Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | Startrader | Varengold Bank |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5 and Web Trader | Desktop,Android,iPhone,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Startrader 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. Startrader scores higher overall in education and research.
| Feature | Startrader | 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. Startrader accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Varengold Bank supports 2 (bank transfer, credit/debit card). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | Startrader | Varengold Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 Startrader 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 | Startrader | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese | English, and Chinese |