Uphold
Varengold Bank
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Overview
Uphold was founded in 2013 and is headquartered in United States, while Varengold Bank was established in 2008 and is based in Germany. Uphold holds licences including FCA and FINCEN: Uphold Europe Limited, while Varengold Bank is regulated by Unregulated among others. Uphold serves 4,000,000+ clients worldwide; Varengold Bank has 10,000+. The minimum deposit is $1 at Uphold and $250 at Varengold Bank.
| Feature | Uphold | Varengold Bank |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 | Unregulated |
| Founded | 2013 | 2008 |
| Country | United States | Germany |
| Clients | 4,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Uphold and Varengold Bank, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $250 at Varengold Bank). Varengold Bank charges withdrawal fees while Uphold does not, giving Uphold an edge for frequent withdrawers. Overall, Uphold scores higher on fees in our assessment.
| Feature | Uphold | Varengold Bank |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Uphold offers a proprietary platform, 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 Uphold does not offer. Varengold Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | Uphold | Varengold Bank |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web, Desktop & 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 Uphold and Varengold Bank compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Varengold Bank publishes daily market commentary; Uphold does not. Varengold Bank integrates third-party research tools (Trading Central); Uphold does not. Archived webinars are available at both brokers for self-paced learning. Varengold Bank scores higher overall in education and research.
| Feature | Uphold | Varengold Bank |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Uphold 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 | Uphold | 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 Uphold and Varengold Bank offer live chat support. Varengold Bank offers phone support; Uphold does not. Email support is available at both brokers. Uphold supports 1 language and Varengold Bank supports 2, giving Varengold Bank broader global reach. Varengold Bank scores higher overall on customer support in our assessment.
| Feature | Uphold | Varengold Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | No | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |