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Varna Trade -

Score

1.25 /10
Danger

Varna Trade

United States

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://varnatradefx.com/en/index

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Score

Regulatory Index0.00

Business Index4.98

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Varna Trade · Company summary

Currently, the official website of Varna Trade(https://varnatradefx.com/en/index) is inaccessible.

Varna Trade Review Summary
Founded2011
Registered Country/RegionUnited States
RegulationUnregulated
Market InstrumentsForex, Precious Metals, Crude Oil, Indices, Cryptocurrencies, CFD Contracts
Demo Account×
Leverage1:100 - 1:500
SpreadFrom 0 pips
Trading PlatformST5
Min DepositNot mentioned
Customer SupportPhone: Not provided
Email: support@varnatradefx.com
24/7 Online Chat: No
Physical Address: Empire State Building, New York

Varna Trade Information

Varna Trade is a 2011-founded trade platform. Forex, precious metals, crude oil, indices, cryptocurrencies, and CFD contracts are among the extensive range of assets the platform provides for trading. Still, it's unregulated. Varna Trade uses the ST5 trading software and provides several account kinds but no demo account.

Varna Trade Information

Pros and Cons

ProsCons
Offers many asset (Forex, Precious Metals, Crude Oil, Indices, Cryptos)Unregulated
High leverage options (up to 1:500)No demo account available
Limited customer support (No phone or live chat)

Is Varna Trade Legit?

Varna Trade is unregulated now.

Is Varna Trade Legit?

What Can I Trade on Varna Trade?

Varna Trade offers forex, precious metals, crude oil, indices, cryptocurrencies, and CFD contracts.

Tradable InstrumentsSupported
Forex✔
Precious Metals✔
Crude Oil✔
Indices✔
Cryptocurrencies✔
CFD Contracts✔

Account Types

3 account forms are offered by Varna Trade: Financial STP, Finance, and Comprehensive. There is no available demo account.

Account NameDetails
Comprehensive AccountCFD-focused trading experience
Finance AccountForex, commodities, and cryptocurrencies
Financial STP AccountOptimized for trade volume and efficiency

Leverage

Varna Trade offers leverage from 1:100 to 1:500.

Varna Trade Fees

Varna Trade offers spreads starting from 0 pips. However, the exact commission is not mentioned.

Account TypeSpreadCommission
Comprehensive AccountFrom 0 pipsNot specified
Finance AccountFrom 0 pipsNot specified
Financial STP AccountFrom 0 pipsNot specified

Trading Platform

Varna Trade uses the ST5 trading platform.

Trading PlatformSupportedAvailable DevicesSuitable for
ST5 Platform✔Desktop (Windows, macOS),Experienced traders seeking advanced tools
ST5 Platform✔Mobile (iOS, Android)Traders on-the-go, not recommended for beginners
MT4×
MT5×

Deposit and Withdrawal

Varna Trade does not mention specific information about deposit and withdrawal.

User Reviews

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User comment

8

Comments

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Wenner
more than one year
Varna Trade is fantastic for traders who want to learn and grow! They have an extensive range of education resources that are easy to understand and engaging. Plus, their account types are tailored to suit different traders' needs and preferences.
Varna Trade is fantastic for traders who want to learn and grow! They have an extensive range of education resources that are easy to understand and engaging. Plus, their account types are tailored to suit different traders' needs and preferences.
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2024-07-11 18:10
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tanbao
more than one year
Good broker, low spreads (consistently) compared to other brokers, helpful assistance when required 24/7. Client platform good and easy to use. Would recommend highly to other traders thank u :)
Good broker, low spreads (consistently) compared to other brokers, helpful assistance when required 24/7. Client platform good and easy to use. Would recommend highly to other traders thank u :)
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2024-06-14 11:19
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