VARIANSE

Aspect	Details
Company Name	VDX Ltd
Registered Country/Area	United Kingdom
Founded Year	2015
Regulation	No Regulation, Suspicious Clone (FCA)
Tradable Assets	Crypto, Forex, Metals, Energy, Indices, Equities
Account Types	Classic, ECNpro, Prime
Minimum Deposit	Classic: $500, ECNpro: $5000, Prime: $50000
Maximum Leverage	Up to 1:500 (Classic and ECNpro), Negotiable (Prime)
Spreads	From 0 pips
Trading Platforms	cTrader, MT4
Demo Account	Available
Customer Support	Phone: +44 (0) 203 475 2285, Email: support@varianse.co.uk, Online live chat
Deposit & Withdrawal	Bank Wire Transfer, Credit/Debit Cards (VISA&Mastercard), Crypto, E-wallets (NETELLER& Skrill)
Educational Resources	FOREX EDUCATION section

Overview of VARIANSE

Founded in 2015 in the UK, VARIANSE operates without formal regulation by the FCA. It offers assets from crypto to equities and access to cTrader and MT4 platforms. VARIANSE provides multiple account options, including Classic, ECNpro and Prime. The broker also offers strategy articles, risk management book reviews, and more, alongside robust customer support through multiple channels.

Pros and Cons

VARIANSE stands out with its extensive array of market instruments across various asset classes, highlighting its $0 spread on BTCUSD trades—a key benefit for cryptocurrency market participants. Additionally, the brokers policy of not charging deposit fees for bank wire transfers aligns with cost-effective trading practices.

Contrarily, the absence of official regulation casts a shadow over the brokerages credibility, presenting a significant drawback for traders who prioritize regulatory security. Deposit fees on selected methods will discourage cost-conscious traders, while the minimum withdrawal limit of $100 could be inconvenient for those managing smaller account balances. Currency conversion fees add to the trading costs, particularly for those dealing in multiple currencies.

Pros	Cons
Various market instruments across asset classes	Lacks official regulation
$0 spread on BTCUSD	Deposit fees charged for certain methods
No deposit fees for bank wire transfers	Minimum withdrawal limits of $100
No inactivity fees charged	Conversion fees charged
Offers articles as educational resources	No customer support on weekends

Is VARIANSE legit or a scam？

VARIANSE is unregulated and unapproved by the FCA, marked as a “Suspicious Clone.” This classification indicates that it may be impersonating a legitimate firm to deceive traders, therefore raises significant red flags regarding its operations.

Market Instruments

VARIANSE provides its traders with a diversified portfolio of market instruments across several asset classes. The offerings include:

• Cryptocurrencies: Trading options for major cryptocurrencies like Bitcoin, Ethereum, USD Coin, and 20 others including Avalanche, EOS, and Litecoin. The platform boasts competitive spreads and low commissions, even offering $0 spreads for BTCUSD trades.

• Forex: A selection of 44 currency pairs, encompassing popular majors such as EURGBP, EURUSD, USDJPY, other majors like CADJPY, EURCAD, AUDUSD, and exotic pairs like NZDCHF and GBPSGD. VARIANSE promises direct interbank pricing through its low-latency networks.

• Metals: Direct trading on interbank pricing for metals, specifically gold and silver.

• Energy: Includes options to trade UK Oil and US Oil directly on interbank pricing.

• Indices: Provides access to 10 major stock market indices from various countries and regions, leveraging direct interbank pricing.

• Equities: Offers trading on 121 equities, including US equities, through direct interbank pricing.

Account Types

VARIANSE offers three primary types of accounts, each created to appeal to the different needs and strategies of traders: Classic, ECNpro, and Prime. In addition to these accounts, a Free Demo account is available for those looking to practice their trading strategies without financial risk.

Classic Account:

• Minimum Deposit: $500

• Spreads: From 1 pip for Forex/Metals

• Commission: $0 for Forex/Metals; CFD trading includes Oil at $0 commission, Indices at $0.5 per lot per side, Equities at 0.1%, and Crypto at 0.07%.

• Leverage: Up to 1:500

Features: Suitable for retail traders, offering straightforward market access without commissions on trades.

ECNpro Account:

• Minimum Deposit: $5,000

• Spreads: From 0 pips for Forex/Metals

• Commission: $3.50 per lot per side for Forex/Metals; CFD trading includes Oil at $0 commission, Indices at $0.5 per lot per side, Equities at 0.1%, and Crypto at 0.07%.

• Leverage: Up to 1:500

Features: Created for experienced traders, this account provides a commission-based structure, appealing to those seeking tighter spreads and more competitive trading conditions.

Prime Account:

• Minimum Deposit: $50,000

• Spreads: From 0 pips for Forex/Metals

• Commission: Negotiable for Forex/Metals; CFD trading includes Oil at $0 commission, Indices at $0.5 per lot per side, Equities at 0.1%, and Crypto at 0.07%.

• Leverage: Negotiable

Features: Tailored for institutional clients, offering negotiable terms to accommodate specific trading strategies and volumes.

	Classic	ECNpro	Prime
Forex spreads from (Forex/Metals)	1 pip	0 pips	0 pips
Commission in ECN account currency (FX/Metals)	0	3.50/lot per side	Negotiable
Commission in ECN account currency (CFD)	Oil: 0 Indices: 0.5/lot per side Equities: 0.1% Crypto: 0.07%	Oil: 0 Indices: 0.5/lot per side Equities: 0.1% Crypto: 0.07%	Oil: 0 Indices: 0.5/lot per side Equities: 0.1% Crypto: 0.07%
Maximum leverage	1:500	1:500	Negotiable
Minimum deposit	$500	$5,000	$50,000

How to Open an Account with VARIANSE

At VARIANSE, the account opening process is streamlined for efficiency. Begin by clicking the registration link or the REGISTRATION button on the website. Enter your contact details in the signup form and click SIGN UP. Check your inbox for an email with registration details and a “Client portal” link. Complete your application by providing necessary details and documentation. The account opening aims to be completed within 24 hours, with your account status updated in the client portal. Once done, you'll receive login details for your live account via email.

Leverage

VARIANSE offers leverage up to 1:500 for Classic and ECNpro accounts, providing an opportunity for enhanced market exposure with a limited initial investment. For Prime accounts, leverage terms are customizable, appealing to the demands of high-volume traders.

Spreads & Commissions

Crypto trading highlights include spreads from $0, showcasing their market competitiveness, especially for leading cryptocurrencies. In forex, they offer interbank pricing with spreads from 1 pip in Classic accounts and 0 pips in ECNpro and Prime accounts, appealing to various trader needs.

The commission structure varies by account, with forex and metals trading being commission-free for Classic accounts, whereas ECNpro accounts incur a $3.50 per lot per side commission, and Prime accounts have negotiable rates. For CFDs across oil, indices, equities, and cryptocurrencies, commissions are tailored to maintain affordability and transparency in trading costs.

Other Fees

VARIANSE showcases its commitment to customer flexibility and fairness by not charging inactivity fees, allowing traders to operate without the pressure of additional costs during inactive periods.

Trading Platform

VARIANSE offers a dual-platform strategy, featuring cTrader and MetaTrader 4 (MT4), to serve its broad user base. cTrader is lauded for its transparency, speedy STP execution, and comprehensive features like Level 2 pricing, extensive copy trading options, and advanced charting tools, available across all major devices. It underlines VARIANSE's ambition to be the preferred cTrader broker by providing an advanced trading environment.

MT4 complements this by appealing to the well-established needs of the forex trading community with its powerful analytical tools, customization capabilities, and automation support through Expert Advisors (EAs). VARIANSE enhances the MT4 offering with features like one-click trading and custom indicator development, alongside full functionality across devices, illustrating its dedication to facilitating a high-caliber, adaptable trading experience for every trader profile.

Deposit & Withdrawal

VARIANSE provides a straightforward and varied array of deposit and withdrawal mechanisms.

• Deposit Facilities and Charges: The brokerage supports deposits through Bank Wire, Credit/Debit Cards, Cryptocurrencies, and E-wallets. Bank transfers incur no fees, whereas credit/debit cards have a 1.5% fee, cryptocurrencies a 1% fee, and e-wallets a 3.9% charge. Notably, there is no cap on daily deposits, offering significant flexibility.

• Withdrawal Procedures and Fees: A minimum of 100 in currency units is stipulated for withdrawals. Primarily, withdrawals are executed via bank wire, with the potential for credit card or e-wallet returns based on the initial deposit method. Withdrawals aim for same-day processing, with funds typically received within 1 to 3 days. Currency conversions incur a fee of mid FX spot rate ±2%, applicable to all transfers.

Customer Support

Customer support is accessible between 9:00 AM and 6:00 PM (GMT), from Monday through Friday.

Phone: +44 (0) 203 475 2285

Email: support@varianse.co.uk

Address: 20 North Audley Street, Mayfair, London, W1K 6LX, United Kingdom

Online live chat available

Educational Resources

VARIANSE provides a rich FOREX EDUCATION section, elevating traders' proficiency and strategic acumen.

It includes Strategy Articles with actionable insights on utilizing advanced tools like the Commitments of Traders Report and Renko Charts.

Product Reviews spotlight platforms such as cTrader, underscoring their transformative features for traders.

The Broker Knowledge area explores key trading concepts, offering a comparative lens on crypto CFDs and spread betting, alongside elucidating Forex's Straight-Through Processing.

Further enriching this educational offering are Economics & Markets analyses, focusing on investment opportunities in markets like China through the FTSE China A50.

The segment dedicated to Risk Management, along with Book Reviews and Interviews, addresses the criticality of risk mitigation, provides reviews on seminal trading literature, and features interviews that delve into sophisticated trading strategies and market insights.

Conclusion

Since its inception in 2015, VARIANSE, trading in the UK, offers a broad spectrum of trading assets, including an extensive range from cryptocurrencies to equities, coupled with competitive trading conditions like leverage up to 1:500 and minimal spreads. Despite its engaging offerings and educational support, VARIANSE's unregulated status, underscored by an FCA warning as a “Suspicious Clone,” significantly undermines its credibility. While the broker seeks to accommodate traders with its customer support and varied banking options, the stark lack of regulatory oversight poses a major risk.

FAQs

Q: Is VARIANSE regulated？

A: No, VARIANSE lacks regulatory accreditation and is noted as a “Suspicious Clone” by the FCA.

Q: What trading options are available at VARIANSE？

A: VARIANSE offers a various array of trading options including cryptocurrencies, forex, and more.

Q: What leverage can traders expect at VARIANSE？

A: Traders at VARIANSE can access leverage up to 1:500.

Q: Are educational materials provided by VARIANSE？

A: Yes, VARIANSE provides extensive educational resources for traders.

Q: What's the initial deposit for VARIANSE？

A: The initial deposit required by VARIANSE is not detailed in the document.

Q: Are there inactivity fees at VARIANSE？

A: VARIANSE assures clients that it does not impose inactivity fees, offering a more flexible approach for traders not actively engaging in trading activities.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.