VARIANSE

Overview of VARIANSE

VARIANSE is a financial brokerage firm established between 5 to 10 years ago and is registered in the United Kingdom under the legal entity VDX Limited. It claims to be regulated by the UK Financial Conduct Authority (FCA) under license number 802012, though concerns exist over the legitimacy of this regulatory status.

Pros

• Offers six asset classes: Cryptocurrency, forex, energy, indices, metals, and stocks.

• Provides three types of trading accounts: Classic, ECNpro, and Prime.

• Supports three platforms: MetaTrader 4 (MT4), cTrader, and FIX API.

Cons

• Questionable regulatory status.

• High leverage up to 1:500, increasing potential risk.

• High minimum deposit requirement: $500.

Account Types & Fees

• Classic: No trading fee on FX/metals, spreads from 1 pip.

• ECNpro: Spreads from 0 pips, $3.5 per lot per side for FX/metals.

• Prime: 0 pip spreads, negotiable commission fees.

CFD Trading Fees:

• Oil: Free

• Indices: $0.5 per lot per side

• Stocks: 0.1% (minimum $10)

• Crypto: 0.07%

Deposits & Withdrawals

• Minimum deposit: $500

• Payment methods: Bank transfer, credit/debit cards, e-wallets, cryptocurrencies (BTC, ETH, USDT, etc.)

• Deposit fees: 1.5% for cards, 1% for crypto, 3.9% for e-wallets.

• Minimum withdrawal: $100; processing time: 1–3 business days.

• Currency conversion fee: 2% for deposits/withdrawals in different currencies.