VARIANSE Review (2023)

What is Varianse?

Varianse is a UK based brokerage company, which enables clients to trade with a wealth of experience in institutional dealing environments and specialists expertise with a pure STP model to access a deep pool of Institutional Liquidity.

Trading technology

Along with the range of markets, Varianse developed technology and partnered with MetaStock to offer industry-leading best-in-class software for real-time market news and analytics.

Along with that, powered by Thomson Reuters real-time market news, MetaStock XENTIH 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 & Brokerage houses.

Thus, you can enjoy the advanced trading with the up-to-date information and necessary tools which all are available and at your disposal at Varianse.

Varianse Pros and Cons

Varianse proved powerful trading technology, range of software and platforms, various instruments plus Spread Betting, the costs are good based on commission or can be on spread basis.

For Cons, Varianse more suitable for traders with experience and bigger size traders, there us no education.

Awards

Actually, the broker strives as a premier global multi-asset broker was recognized timely by the global respected independent organizations and the financial communities.

Is Varianse safe or a scam

No, Varianse is not a scam, is a trading name of VIbhs Financial Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Eventually, the serious regulation and authorization by the reputable jurisdiction is a first thing to check knowing you will trade with a safe broker.

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 insolvency.

Instruments

To form the high-frequency trading via over 100 tradable instruments through 5 asset classes including FX, Indices, Futures, Energies and Metals, as well Spread Betting for UK clients, Varianse partners between traditional FX and CFD broking and FinTech innovation.

Therefore, it means you may use advanced technology that brings 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 provider.

Leverage

While trading Forex you also having a great opportunity to use powerful tool leverage, with its capability to increase your potential gains through a multiplication of the initial balance. However, leverage level depending according to the regulatory restrictions and then to your personal level of proficiency.

• Therefore, being a retail trader the maximum level you may use defined by European ESMA to 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities. So, the professional traders may apply for higher levels up to 1:400 for currencies.

Account types

The account types available at Varianse covers various need on trading, with a multiple base currency accounts suited to USD, EUR, GBP, PLN, AUD and JPY. Of course, all accounts are supported by the personal trading support, dedicated account managers and Free demo account to practice on MT4.

Also no matter the account type you may benefit from the LatentX technology includes Razor Sharp Pricing, Ultrafast Execution. Overall, there are three main account types Classic, ECNpro and Prime.

Fees

Varianse offers complete price transparency since uses direct ECN connectivity with low transaction costs built into a floating tight spread or a commission charge.

Spreads

Varianse spread depends on the account type respectively since the Standard account is free of commission and feature brokers markup as a service cost, thus spreads are starting from 1 pip.

Further, ECNPro and Prime account will delight you with 0 pip spread, but with additional commission per lot applied, see commissions above and some of the spreads below.

Also, you may compare Variense fees to another broker FP Markets.

Payment Methods

In order to fund a Live account you may choose between the offered deposit and withdrawal options, as the options include Wire Bank transfers, Card payments, e-wallets Skrill, SoFort, Uphold and China Union Pay.

Minimum deposit

Standard 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.

Varianse minimum deposit vs other brokers

	Varianse	Most Other Brokers
Minimum Deposit	$100	$500

Withdrawal

Varianse does not charge fees for depositing funds and offers good variety of withdrawal options, however, the fees the payment processor may charge, which are Skrill, SoFOrt etc, are under the full responsibility of the client which are typically 2.9%. Also, withdrawals adding above some fee, e.g. 5$ for Credit Cards and 1% for Skrill transfer, which are charged for the same reason, due to the process of the transaction itself.

Trading Platforms

Advanced trading platforms to suit the need of various traders levels offered by Varianse allows to trade under any market conditions, custom build indicators and even to create own automated strategies. The Varianse proposal covers a choice between three platforms, a popular MetaTrader4, Flextrade and mobile trading applications.

Web platform

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 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.

Desktop trading

Another great feature is a Flextrade exclusively available to Prime account clients as software delivers 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.

Moreover, developed 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.

Conclusion

In conclusion, Varianse review found strong technology base and a supportive attitude to their clients. Also, the company is sharply regulated and overseen by the industry leader FCA, that brings a clear state of mind you are trading with a reliable broker. Apart, pure STP model delivers vast investment opportunities to your capabilities, while many traders of different size, expertise and trading style can engage into the trading with the Varianse.