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VARIANSE -

Score

2.39 /10
Danger

VARIANSE

United Kingdom

5-10 years

Suspicious Regulatory License

MT4 Full License

High potential risk

https://varianse.com

Influence

C

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Score

Regulatory Index0.00

Business Index7.23

Risk Management Index0.00

Software Index9.65

License Index0.00

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Licenses

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

Single Core

1G

40G

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Broker Information

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Company Name

VDX Ltd

Company Abbreviation

VARIANSE

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 802012) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

VARIANSE · Company summary
VARIANSEReview Summary
Founded5-10 years
Registered Country/RegionUnited Kingdom
RegulationRegulated by FCA (suspicious clone)
Market InstrumentsCrypto, forex, energy, indices, metals, and equities
Demo Account/
LeverageUp to 1:500
SpreadFrom 0 pip
Trading PlatformCTrader, MT4, and FIX API
Min Deposit$500
Customer SupportPhone: +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.

VARIANSE Information

Pros and Cons

ProsCons
Offers six trading productsSuspicious clone regulatory status
Provides three account typesLeverage of 1:500
Offers three trading platformsMinimum 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.

Is VARIANSE Legit ?

What Can I Trade on VARIANSE?

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

Tradable InstrumentsSupported
Crypto✔
Forex✔
Energy✔
Indices✔
Metals✔
Equities✔
What Can I Trade on VARIANSE?

Account Type

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

FeaturesClassic AccountECNpro AccountPrime Account
SpreadsFrom 1 pipFrom 0 pipsFrom 0 pips
Commission (FX/Metals)No commission$3.50 per lot per sideNegotiable
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 Leverage1:5001:500Negotiable
Minimum Deposit$500$5,000$50,000
Account Type

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 PlatformSupportedAvailable DevicesSuitable for
cTrader✔Web and MobileExperienced Trader
MT4✔Mobile and Desktop（Windows & macOS）Beginner
FIX API✔/Experienced Trader
Trading Platform

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.

Deposit and Withdrawal

User Reviews

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Taraquan
more than one year
Very impressed with the speed with which help was offered when I asked for it. The quality of the help was excellent and I was treated as a valued customer throughout despite being a complete novice.
Very impressed with the speed with which help was offered when I asked for it. The quality of the help was excellent and I was treated as a valued customer throughout despite being a complete novice.
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2024-06-21 11:37
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FX1499029483
more than one year
Trading with automated systems on Varianse for the past year has been an absolute breeze. The Prime account and FIX API to XM Prime have made my strategies profitable. Managed to keep costs low and efficiency high due to their exceptional conditions and fast service. Happy with the support, speed, and quality. Varianse has my highest recommendation.
Trading with automated systems on Varianse for the past year has been an absolute breeze. The Prime account and FIX API to XM Prime have made my strategies profitable. Managed to keep costs low and efficiency high due to their exceptional conditions and fast service. Happy with the support, speed, and quality. Varianse has my highest recommendation.
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2024-03-14 16:57
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