VARIANSE Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-12 12:17Abstract：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.
| VARIANSEReview Summary | |
| Founded | 5-10 years |
| Registered Country/Region | United Kingdom |
| Regulation | Regulated by FCA (suspicious clone) |
| Market Instruments | Crypto, forex, energy, indices, metals, and equities |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0 pip |
| Trading Platform | CTrader, MT4, and FIX API |
| Min Deposit | $500 |
| Customer Support | 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 | |
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
| Pros | Cons |
| Offers six trading products | Suspicious clone regulatory status |
| Provides three account types | Leverage of 1:500 |
| Offers three trading platforms | Minimum deposit of $500 |
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.
| Tradable Instruments | Supported |
| Crypto | ✔ |
| Forex | ✔ |
| Energy | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Equities | ✔ |
Account Type
VARIANSE offers three types of accounts: Classic Account, ECNpro Account and Prime Account.
| Features | Classic Account | ECNpro Account | Prime Account |
| Spreads | From 1 pip | From 0 pips | From 0 pips |
| Commission (FX/Metals) | No commission | $3.50 per lot per side | Negotiable |
| Commission (CFD) | Oil: 0, Indices: 0.5/lot per side, Equities: 0.1% ($10 min), Crypto: 0.07% | Oil: 0, Indices: 0.5/lot per side, Equities: 0.1% ($10 min), Crypto: 0.07% | Oil: 0, Indices: 0.5/lot per side, Equities: 0.1% ($10 min), Crypto: 0.07% |
| Maximum Leverage | 1:500 | 1:500 | Negotiable |
| Minimum Deposit | $500 | $5,000 | $50,000 |
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Web and Mobile | Experienced Trader |
| MT4 | ✔ | Mobile and Desktop（Windows & macOS） | Beginner |
| FIX API | ✔ | / | Experienced Trader |
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.
Rate Calc
