VARIANSE

VARIANSE Information

VARIANSE is a brokerage firm established 5-10 years ago and registered in the United Kingdom. It offers six trading products, three account types, and three trading platforms.

However, it has a suspicious clone regulatory status, provides leverage of up to 1:500, and requires a minimum deposit of $500.

Pros and Cons

Is VARIANSE Legit ?

VARIANSE, operating under the name VDX Limited, is regulated by the Financial Conduct Authority (FCA) of the United Kingdom with license number 802012. However, its regulatory status is suspicious clone.

What Can I Trade on VARIANSE?

VARIANSE offers six types of trading products, including Crypto, forex, energy, indices, metals, and equities.

Account Type

VARIANSE offers three types of accounts: Classic Account, ECNpro Account and Prime Account.

Leverage

VARIANSE offers a maximum leverage of 1:500 for both the Classic and ECNpro accounts. For the Prime account, leverage is negotiable.

VARIANSE Fees

VARIANSE offers different fee structures across its account types. The Classic Account has no commission for FX/Metals, with spreads starting from 1 pip. The ECNpro Account charges a commission of $3.50 per lot per side for FX/Metals, with spreads starting from 0 pips. The Prime Account also offers zero spreads but has negotiable commission rates.

For CFDs, all account types have the same fees: Oil is free, Indices incur a charge of 0.5 per lot per side, Equities are charged 0.1% (minimum $10), and Crypto is charged at 0.07%.

Trading Platform

VARIANSE offers three trading platforms: cTrader, MT4, and FIX API.

Deposit and Withdrawal

VARIANSE requires a minimum deposit of $500 to open a trading account. Available deposit methods include bank wire transfer, credit/debit cards, cryptocurrencies (BTC, ETH, USDT, etc.), and e-wallets, with deposit processing typically completed on the same day. The maximum daily deposit is unlimited, and transaction fees vary: 1.5% for credit/debit cards, 1% for cryptocurrency deposits, and 3.9% for e-wallet deposits.

The minimum withdrawal amount is $100, and withdrawals usually take 1 to 3 working days to process. Currency conversion fees of 2% apply to deposits, withdrawals, and internal transfers involving different currencies.