Varianse is a UK based company, which enables their clients to trade with a wealth of experience in institutional dealing environments and specialists expertise with a pure STP model and access to a deep pool of Institutional Liquidity. To form the high-frequency trading via proposed over 100 tradable instruments over 5 asset classes including FX, Indices, Futures, Energies and Metals, as well Spread Betting for UK clients, the traders’ partners between traditional FX and CFD broking and FinTech innovation. The advanced technology brings a connectivity to the liquidity providers and interbank quotes through the maintained trading servers located in the London Equinix IBX Datacenter and cross-connected to multiple Tier 1 Institutional providers.
Along with the provided range of markets to trade, the developed technology and overall trading solutions, the brokers have partnered with MetaStock to offer industry-leading best-in-class software for real-time market news and analytics. Powered by Thomson Reuters real-time market news, MetaStock XENTIH gives the information trader need in an organized and intuitive way, along with the empowering tools that are typically used by professionals globally in Tier 1 Banks, Hedge Funds & Brokerage houses from London, New York, Hong Kong, Tokyo and Singapore. Thus, the traders can enjoy the advanced trading with the up-to-date information and necessary tools.
The broker strives and as a premier global multi-asset broker, the global respected independent organizations and the financial community recognized the Varianse timely.
Best Broker for Algo Traders 2017 | Global Brands Magazine
Most Innovative Forex Brand 2015 | Global Banking and Finance Review
Best New STP/ ECN Broker 2014 | Global Banking and Finance Review
Licenses, Regulations & Security of funds:
Varianse is a trading name of VIbhs Financial Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. In accordance with the strictest FCA rules, the company performs an operation with the required level of the security and the operational standards. The client money management must meet the necessary conditions while all client funds are held in segregated accounts with reputable banks alike Barclays Bank in London. Furthermore, Varianse is required to submit financial reports to regulators and to participate in the compensation scheme that will cover clients funds in case of the company insolvency.
Trading Platforms & Tools:
Advanced trading platforms to suit the need of various traders levels allows to trade under any market conditions, custom build and to create own automated strategies. The Varianse proposal covers a choice between three platforms, a popular MetaTrader4, Flextrade and mobile trading applications. While the platforms allowing access to trade via desktop or web versions, the mobile applications deliver connectivity on the go whenever the trader is and brings a great flexibility. The trading at Varianse enables a perfect framework for EA and Algo trading along with the prime conditions for scalping and hedging strategies to perform.
Flextrade is exclusively available to Prime account clients the platform features a professional choice that enables advanced point and clicks GUI execution. The platform supports advanced STP execution with full market depth and volume, support of different order types including OCO and Stops, as well as multiple execution modes GTC VWAP, IOC VWAP, GTC Limit.
Varianse’s Baskets and Indices tool allows the trader to analyze, chart and monitor multiple currency pairs as a single instrument that is usually used by central banks to track the performance of one currency against a trade-weighted index of its trading partners. The client can use the tool to unearth countless new strategies and tactical opportunities, from intraday scalping on correlation decoupling, market trending, news flow and data releases to an expression of long-term, correlation supported macroeconomic views.
Moreover, to increase execution speed and improve trading itself with the fastest and robust trading infrastructure designed for the good of automated and algorithmic trading the traders of Varianse can use direct cross connects from a range of high performing VPS. Varianse clients are offered to get a Cross Connected VPS from one of the partners Free of charge when the client trade over 99 lots/month.
Account Types and Trading Costs:
The account types availability covers the need of various traders while there are multiple base currency accounts suited to the clients need alike USD, EUR, GBP, PLN, AUD and JPY. All accounts are supported by the personal trading support, dedicated account managers and Free demo account to practice on MT4.
No matter which accounts the trader choose the will benefit from the LatentX technology includes Razor Sharp Pricing, Ultrafast Execution, and excellent Customer Care. Overall, there are three main account types LatentX Classic, ECNpro and Prime.
– Standard Account requires 500$ to start while all costs are included into the spreads started from 1 pips. The ECNpro account allows trading with the raw spread and ECN connectivity, while the broker will charge 3.50$ per lot, all ranges of trading instruments are accessible and requires 5,000$ of start capital. The LatentX Prime account is account for the traders of bigger size and expertise in trading since delivers an utmost level trading conditions with a full capacity of the provided services yet with access to trade only Forex and Metals. The commission charge at Prime account is 2$ per lot with balance maintenance of 50,000$.
In order to fund a Live account the trader can choose between the deposit and withdrawal options to choose from, the Varianse does not charge fees for depositing funds, however, the fees the payment processor may charge are under the full responsibility of the client which are typically 2.9%. The options include Wire Bank transfers, Card payments, e-wallets Skrill, SoFort, Uphold and China Union Pay.
The withdrawals are usually processed via bank wire transfer, thus the clients should ensure the correct details are sent, yet in some cases, the other payment options might be applicable.
The Varianse review presents a company with a strong technology base and the supportive attitude to their clients. A pure STP model delivers vast of investment opportunities to the clients, while many traders of different size, expertise and trading style can engage into the trading with the Varianse.