Forex Varsity

General Information & Regulation

Founded in 2018, Forex Varsity is a US-registered trading broker that provides online trading via MetaTrader 4 (MT4) on a variety of different asset classes including forex, indices, precious metals, energies and CFDs. However, Forex Varsity is not subject to any regulation.

Risk Warning

Please note that there are some complaints about Forex Varsity, and said that Forex Varsity is nothing but a sleazy slimy scam.

Markets Instruments

Forex Varsity offers FX currency pairs including major, minor and exotic crosses. The broker also has a modest selection of CFDs on precious metals and energies.

Minimum Deposit

The minimum deposit required by Forex Varsity is $200. Although the minimum initial deposit here is acceptable, traders are still not advised to register real trading accounts here, given the fact Forex Varsity is an unregulated broker.

Leverage

Clients of Forex Varsity can open a Standard account offering the high leverage levels, reaching 1:1000. Standard account holders are even extended higher leverage ratios. Keep in mind that using leverage ratios that high is very dangerous, especially for inexperienced traders. Trading on margin is risky, so make sure you understand how leverage works before you lose everything.

Spreads & Commissions

Unlike most decent brokers who present clearly their pricing and trading conditions, Forex Varsity has not disclosed its spreads on the website. So, we had to register a demo account to see the trading costs with this broker. The benchmark EUR/USD spread of GMI Edge is well above 2 pips, which is not a competitive pricing.

Trading Platform Available

Forex Varsity provide traders with the user friendly yet powerful MetaTrader 4 (MT4) trading platform. MT4 is one of the most popular trading platforms and is used by millions of traders all over the world. It is well known for being fully customisable with an intuitive user interface and vast array of built-in trading tools enabling traders to deeply analyse the financial markets. You can download the MT4 platform for free on desktop and mobile devices running on iOS and Android. T

Deposit& Withdrawal

Forex Varsity has a choice of convenient methods for depositing and withdrawing funds from your trading account. This includes bank transfer and online payment systems such as Neteller, Skrill and Perfect Money. The broker can also accept cryptocurrency payments through Bitcoin. Please be aware that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

Customer Support

Forex Varsity customer support is available via email, telephone (27 21 556 0997, Mon - Fri, 8:00-17:00). There is an online contact form if you wish to send them a message directly. Address: Head Office – Cape Town Seaboard House, Cnr of Blaauwberg Road & Millin Rd, Table View 7441. Besides, Forex Varsity is also on some social media platform including Facebook, Twitter, Youtube, and Instagram.