Leverage: 1:30 | 1:500
Regulation: FCA, FSC, LFSA
Min. Deposit: $500
HQ: UK
Platforms: cTrader, MT4, FIX API
Found in: 2015
VARIANSE Licenses:
Varianse is a UK-based Forex trading company, which enables clients to trade with a wealth of experience in institutional and retail environments with a pure STP model to access a deep pool of Liquidity. The broker holds several licenses and is authorized and regulated by the top-tier FCA in the UK. Additionally, it possesses licenses from the FSA in Mauritius and the LFSA in Malaysia.
Along with the range of financial markets, including CFDs on FX, crypto, metals, indices, and equities, Varianse developed technology powered by Equinix, a data center in London, which provides real-time market news and analytics.
Along with that, Equinix gives the information you may 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, and Brokerage houses.
Overall, per our research, you can enjoy advanced trading with up-to-date information and necessary tools which all are available and at your disposal at Varianse.
According to our findings, the broker offers robust trading technology and seamless, transparent trade execution through advanced trading platforms like cTrader and MT4. Moreover, the company provides a wide range of trading instruments, including Spread Betting, at competitive rates based on either commission or spread.
For the cons, Varianse is more suitable for traders with more experience or bigger-size traders. Additionally, its website lacks comprehensive educational resources, and customer support is not available 24/7.
| Advantages | Disadvantages |
|---|---|
| FCA regulation and oversee | No 24/7 customer support |
| cTrader and MetaTrader trading platforms | Limited educational materials |
| Funds protection | Noe negative balance protection |
| Low spreads | |
| Available for UK and international traders | |
| Institutional trading |
| 🏢 Headquarters | UK |
| 🗺️ Regulation | FCA, FSC, LFSA |
| 📉 Instruments | CFDs on Crypto, Forex, Metals, Energy, Indices, Equities |
| 🖥 Platforms | cTrader, MT4, FIX API |
| 💰 EUR/USD Spread | 1 pip |
| 🎮 Demo Account | Provided |
| 💰 Base currencies | EUR, USD, GBP |
| 💳 Minimum deposit | $500 |
| 📚 Education | Limited |
| ☎ Customer Support | 24/5 |
Per our analysis, we have a positive ranking for the broker due to its regulation, secure trading platforms, and competitive spreads and fees for trading services.
| Ranking | Varianse | Blackwell | Advanced Markets |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Advantages | Spreads | Financial Products | Trading Services |
Although the company offers competitive pricing and trading solutions, it faces competition from other brokers in the market that provide similar or even better services based on personal preference. Therefore, we have compiled a list of the broker’s main competitors that you may want to take into account:
We found that Varianse has received recognition for its reliable trading services in the financial sector. See some of the awards in the screenshot below.
No, Varianse is not a scam. The company is regulated by the top-tier authority FCA and delivers strictly legal financial services, also holds additional licenses.
Yes, Varianse is a legit and regulated broker.
Compliance with the regulatory requirements set by FCA enhances the safety and confidence of traders who choose to trade with Varianse. Also, Varianse has additional entities for international trading and Asia Trading via its entity in Malaysia, which is fully regulated too making Variance good choice for Malaysia Traders.
See our conclusion on Varianse Reliability:
| VARIANSE Strong Points | VARIANSE Weak Points |
|---|---|
| Segregated accounts | No negative balance protection |
| Funds protection | |
| Compensation scheme |
In accordance with the strictest FCA rules, the company performs operations with the required level of security and client treatment 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 FSCS that will cover clients’ funds in case of the company’s insolvency.
Leverage is a valuable tool that allows traders to enter the market with limited capital. However, you should understand that it can result in substantial gains or losses. Therefore, have a comprehensive understanding of how leverage operates and its potential consequences before engaging in any trading activities involving leverage.
Varianse leverage is offered according to FCA, FSC, and LFSA regulations:
The account types available at Varianse covers various need for trading, with multiple base currency accounts suited to USD, EUR, GBP, PLN, AUD, and JPY. Of course, all accounts are supported by personal trading support, dedicated account managers, and a Free demo account to practice on MT4.
Also no matter the account type you may benefit from the LatentX technology including Razor Sharp Pricing, and Ultrafast Execution. Overall, as we found, there are three main account types: Classic, ECNpro, and Prime.
| Pros | Cons |
|---|---|
| Fast account opening | Account conditions may vary according to regulation |
| Demo account | |
| Various account base currencies |
Opening an account with a broker is quite easy. For Varianse login you can open an account within minutes. Follow the opening account or sign-in page and proceed with the guided steps:
According to our research, the broker provides over 200 CFDs across 6 asset classes including Crypto, Forex, Metals, Energy, Indices, and Equities, as well Spread Betting for UK clients. The availability of trading instruments might vary depending on the entity, so it is recommended to thoroughly research the range of available options.
The fees and pricing as we found are built into a floating tight spread or a commission charge. The broker offers complete price transparency since uses direct ECN connectivity. However, you should consider an overnight policy that applies in case the trading order is held for longer than a day. In this case, a rollover fee, swap, or overnight fee will apply to the position.
It is also important to note that certain charges may apply to deposits and withdrawals depending on the chosen funding method also the country you registered with.
| Fees | Varianse Fees | Blackwell Global Fees | Advanced Markets Fees |
|---|---|---|---|
| Deposit fee | No | No | No |
| Withdrawal fee | Yes | No | No |
| Inactivity fee | No | Yes | Yes |
| Fee ranking | Low/Average | Average | Average |
Based on our test trade, Varianse spreads depend on the account type with an average spread of 1 pip for the widely-traded EUR/USD currency pair in the Forex market of Classic account.
Further, ECNpro and Prime accounts will delight you with 0 pip spread, but with additional commission per lot applied. However, the trading conditions can differ depending on the entity, so do your research to understand the specific spread conditions that are in place.
| Asset/ Pair | Varianse Spread | Blackwell Global Spread | Advanced Markets Spread |
|---|---|---|---|
| EUR/USD Spread | 1 pips | 2 pips | 0.5 pips |
| Crude Oil WTI Spread | 0.05 | 5 | 3 |
| Gold Spread | 0.02 | 32 | 1 |
To fund a Live account you may choose between the offered deposit and withdrawal options, as the options include bank wire transfers, credit/debit cards, crypto payment, and e-wallets like Neteller, and Skrill.
Here are some good and negative points for Varianse funding methods found:
| Varianse Advantage | Varianse Disadvantage |
|---|---|
| Fast digital deposits | Fees and conditions may vary according to entity rules |
| Multiple account base currencies | |
| Popular funding methods |
Classic Varianse account requires $500 as a first deposit. Usually, minimum deposits are defined by the account type you choose. Higher grade account demands more funds since bringing a professional environment and tailored solution to trading.
As we found, the broker does not charge fees for depositing funds and offers a good variety of withdrawal options, however, it is important to note that your bank or payment processor may impose fees for processing the payment. Also, withdrawals add some fee, e.g. $5 for Credit Cards and 1% for Skrill transfers, which are charged for the same reason, due to the process of the transaction itself.
The broker’s proposal covers a choice among three platforms, a popular MetaTrader4, cTrader, and FIX API, accessible through various devices such as desktop, web, and mobile, allowing traders to stay connected to the markets and execute trades at their convenience, regardless of their location.
These platforms provide comprehensive charting tools, real-time market data, and a wide range of technical indicators to assist traders in making informed trading decisions.
| Platforms | Varianse Platforms | Blackwell Platforms | Advanced Markets Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | No | Yes | Yes |
| cTrader | Yes | No | No |
| Own Platform | No | No | Yes |
| Mobile Apps | Yes | Yes | Yes |
According to our findings, traders using MT4 can access a wide selection of technical indicators, customizable charting options, and automated capabilities through Expert Advisors (EAs). These tools enable traders to analyze market trends, identify trading opportunities, and execute trades efficiently.
The cTrader platform, on the other hand, offers an intuitive interface with advanced order types, depth of market functionality, and built-in algorithmic trading features. Traders can utilize the cTrader platform’s advanced charting tools, trade management tools, and customizable layouts to tailor their trading experience according to their specific preferences.
Both platforms provide real-time market data, price alerts, and comprehensive trade history to empower traders with the necessary tools for successful trading strategies.
Broker’s customer support is available 24/5 through Live chat, Email, and Phone. We found that Varianse has a team of experienced trading experts who are available to help clients with various issues. These include technical problems, market analysis advice, general inquiries, and operational concerns.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Live chat, phone lines, and email | No 24/7 customer support |
| Quick response and relevant answers |
We noticed that the broker lacks comprehensive learning materials, seminars, and webinars on its website. This absence can be considered a drawback since educational resources play a crucial role in the development and improvement of traders’ skills. Varianse only provides Forex trading news and articles, which may not be sufficient for those seeking comprehensive educational support.
In conclusion, the broker offers powerful trading technology, competitive pricing, and a wide range of trading instruments. The availability of popular trading platforms MT4 and cTrader enhances the trading experience by offering advanced features and real-time charting.
Also, the company is sharply regulated and overseen by the industry leader FCA, which brings a clear state of mind you are trading with a reliable broker. Additionally, the pure STP model delivers vast investment opportunities to your capabilities, while many traders of different expertise and trading style can engage in trading with the Variance.
However, the lack of comprehensive educational materials on the website and the absence of 24/7 customer support are notable drawbacks.
Even though we found that Varianse offers secure and competitive trading conditions, we recommend conducting thorough research to assess whether the broker meets your individual trading needs and check well on the broker’s offerings, regulations, fees, spreads, and customer reviews.
Based on Our findings and Financial Expert Opinions Varianse is Good for:
Good experience with Varianse. cTrader platform the offer is good. Even better than their good spread they are FCA regulated. It gave me piece of mind when I was looking to increase my deposit size to go full time.
No news available.
Overall Good broker. I have used Varianse for a couple months alongside my other broker account with icmarkets, VARIANSE has fast order execution, good customer service and good spreads on their ECN accounts.