How do deposits and withdrawals work at this broker?

Varchev accepts a wide range of payment methods, including credit/debit cards, wire transfer, Skrill, Neteller, PayPal, and Bitcoin. Withdrawals require a signed form sent via email or fax.

Are there any commissions at Varchev?

Most instruments at Varchev are commission-free , except Stock CFDs, which vary by platform. For example, MT5 charges $0.05 per U.S. stock (minimum $5) and 0.10% for EU stocks (minimum €5).

What trading instruments are available at Varchev?

Varchev provides access to 50,000+ financial instruments, including Forex, stocks, indices, commodities, ETFs, cryptocurrencies, IPOs, and metals. This broad range supports diverse trading strategies.

What is the maximum leverage offered by this brokerage?

Varchev offers leverage up to 1:500 for professional clients and 1:30 for retail clients, in compliance with ESMA and MiFID standards.

Can I trade cryptocurrencies on Varchev?

Yes, Varchev supports commission-free crypto trading on BTC, ETH, LTC, and XRP, available from Sunday 24:00 to Friday 23:00. This provides flexible access to digital assets alongside traditional markets.

Does this broker offer Islamic (swap-free) accounts?

No, Varchev does not currently offer Islamic or swap-free accounts. This may be a limitation for traders adhering to Sharia law.

What trading platforms does the broker offer?

Varchev supports MetaTrader 4, MetaTrader 5, and its proprietary VAT (Varchev Absolute Trader) platform. All platforms are available on desktop and mobile (iOS and Android), giving flexibility across devices.

Is Varchev a regulated forex broker?

Yes, Varchev is regulated by the Bulgarian Financial Supervision Commission (FSC) under license number RG-03-02-05. Although it is no longer FCA-regulated post-Brexit, it adheres to MiFID regulations and implements KYC and negative balance protection for client safety.

What is the minimum deposit required to open a real account with Varchev?

Varchev requires a minimum deposit of $200 (or equivalent in EUR/GBP) or 400 BGN for Bulgarian clients. This applies to its single Real account type and provides access to all supported platforms including MT4, MT5, and VAT.

Does Varchev provide demo accounts?

Yes, traders can use a Varchev demo account with $100,000 virtual funds, giving full access to trading platforms for testing strategies risk-free.

TradingFinder
Forex Brokers
Varchev Broker Review 2025

Writer:

Nino Gogochashvili

Reviewer:

Davit Kvaratskhelia

Fact checker:

Rajesh Sharma

Modified:Jul 21, 2025

Varchev Broker Review 2025

Item: Varchev
Rating: 1.4

Company:Varchev

Founded:1992

Min Deposit:$200

Max Leverage:500

Headquarter:

Sofia, Bulgaria

US Accepted:

Social Trading Economic Calendar Market Analysis

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About

Varchev is a brokerage company based in Bulgaria providing direct market access (DMA) to 6 asset classes, from FX to Crypto with a minimum deposit of $200. The broker supports MT4/5 and offers social trading via the Varchev Absolute Trader Android/iOS app. It’s regulated by the Bulgarian FSC and doesn’t accept US clients.

Contact

+359 700 17 600 info@varchev.com

25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ

Rank and Score

Pros and Cons

Account Types

Platforms

Pros

Multiple trading platforms (MT4, MT5, VAT)

Wide range of trading instruments

High leverage options for professional clients

No commissions on trades

Cons

Limited account types

Limited support channels

Complex conditions and interface

NO US clients accepted

5 From 5.0

(3)

Rate this post

447

Varchev offers 24/5 commission-free trading on Forex and ETFs and up to 1:100 leverage on Gold and Silver. It reimburses traders up to $500 on their first day losses. The minimum deposit is 400 BGN, and non-professional clients get a maximum leverage of 1:30.

Varchev; Introduction and Regulatory Status

Varchev, based in Bulgaria, was founded in 1992 by Biser Varchev. The company was previously regulated by the UK FCA until 2021, and by Brexit. Currently, it holds a license from the Financial Supervision Commission (FSC) - Sofia, Bulgaria (License number RG-03-02-05 / 15.03.2006). Key features of Varchev:

Regulated by the Bulgarian Financial Supervisory Commission (FSC)
Compliant with MiFID regulations
Leverage up to 1:500
$200 minimum deposit
Extensive news feed and educational resources

Although it does not hold Tier-1 regulation, Varchev implements key safety protocols such as KYC verification and negative balance protection.

Varchev Broker Specification

The company offers a comprehensive suite of trading services, catering to novice and experienced traders, including:

Broker	Varchev
Account Types	Real
Regulating Authorities	FSC
Based Currencies	USD, EUR, GBP, BGN
Minimum Deposit	$200
Deposit Methods	Credit/Debit Card, Wire Transfer, PayPal, ePay.bg, Skrill, Neteller, Bitcoin, Giropay, uKash, Itau
Withdrawal Methods	Credit/Debit Card, Wire Transfer, PayPal, ePay.bg, Skrill, Neteller, Bitcoin, Giropay, uKash, Itau
Minimum Order	0.01 lots
Maximum Leverage	1:500
Investment Options	IPO, Investment Consulting, Social Trading
Trading Platforms & Apps	MT4, MT5, VAT
Markets	Forex, Crypto, Stocks, Indices, IPO, CFDs, ETFs, Metals, Commodities
Spread	Market spread
Commission	Variable based on the instrument and platform
Orders Execution	Market
Margin Call / Stop Out	N/A
Trading Features	Economic Calendar, Market Analysis
Affiliate Program	Yes
Bonus & Promotions	New Account, Cashback, IB
Islamic Account	N/A
PAMM Account	No
Customer Support Ways	Email, Phone
Customer Support Hours	N/A

Varchev Account Types

The broker provides a single primary account type for all traders with different styles. The lack of various account types can be a drawback for potential clients. The Real account also has a demo version that traders can use to test strategies and practice. Varchev account features:

Min Deposit	200 USD/EUR/GBP 400 BGN
Min Order Size	0.01 lots
Max Trading Leverage	Professionals 1:500 Non-Professionals 1:30
Spreads	Market
Commission	None except for Stock CFDs

The Demo Account gives users $100,000 in virtual funds and full access to Varchev’s platforms, allowing them to practice and explore trading conditions before committing real capital.

Varchev Upsides and Downsides

To provide a balanced view of Varchev's offerings, let's examine the broker's strengths and potential drawbacks.

Pros	Cons
Multiple trading platforms (MT4, MT5, VAT)	Limited account types
Wide range of trading instruments	Limited support channels
High leverage options for professional clients	Complex conditions and interface
No commissions on trades	NO US clients accepted

Varchev Account Opening and KYC Verification

Opening an account with Varchev is a straightforward process designed to comply with regulatory requirements while ensuring a smooth onboarding experience for new clients.

#1 Start the Application

Head to the Varchev official site, select “Open Account”, and proceed with the “Real Account” option. This step initiates access to real-market conditions.

#2 Complete Registration Details

Enter your personal and contact information in the form provided. Accuracy here is essential for verification and regulatory compliance.

#3 Configure Trading Parameters

Select your desired platform (e.g., MetaTrader 5), preferred leverage, and the account base currency, all of which influence your trading setup.

#4 Upload Verification Documents

Submit a valid ID (passport or driver’s license) along with proof of address (like a utility bill or bank statement) to activate your account in line with anti-money laundering laws.

Varchev Broker Trading Platform Offerings

The broker provides traders with access to three powerful trading platforms [MetaTrader 4, MetaTrader 5, VAT], each catering to different trading styles and preferences.

Varchev Fees Explained

All of Varchev's reviews must discuss the trading costs associated with the broker. The company provides direct access to the markets. Thus, it offers market spreads. It also doesn’t charge commissions except for Stock CFDs. Note that commission charges differ based on your trading platform.

Platform

Stock CFDs Commission

MT4

$0.05 for stock

MT5

American $0.05 per stock, minimum $5

European 0.10% minimum €5

Varchev Broker Payment Methods

The company offers a wide array of deposit/withdrawal methods to cater to the diverse needs of its global clientele, including:

Wire Transfer: Raiffeisen, UniCredit, UBB, Fibank
Credit/Debit Cards: Visa, MasterCard, Maestro
E-Payments: PayPal, ePay.bg, Skrill, Neteller, uKash, GiroPay, Itau, Bitcoin

Note that to request withdrawals, you must fill out a form and send it to the broker by fax or email.

Does Varchev Offer Copy Trading or Investment Plans?

The company offers Social Trading services through its proprietary platform “Varchev Absolute Trader”, which enables you to copy trades of successful traders and communicate with other clients.

The company also provides investment opportunities by offering access to global stock markets and IPOs. You can also contact Varchev’s experts for investment consultations.

Varchev Trading Instruments

Varchev Exchange Financial Markets — Trade BTC, ETH, LTC, and XRP commission-free from Sunday, 24:00 to Friday, 23:00

The broker provides access to a diverse range of trading instruments (50,000+), allowing traders to diversify their portfolios and capitalize on various market opportunities.

Forex Market: Major, minor, and exotic currency pairs
Stocks: CFDs on European and US stocks
Indices: CFDs on the most popular American and European indices
Metals: Gold and silver with leverage options of up to 1:100
Energy: CFDs on energy futures
ETFs: The most popular exchange-traded funds
Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Ripple

Varchev Broker Bonuses and Promotions

The company’s bonus offerings are among the most attractive topics in all of the Varchev reviews. It has several promotion plans exclusive to professional clients, including:

New Account: Up to $1,000 extra trading credits on first deposit
Cashback Program: Reimbursements on first-day losses up to $500
Friend: Refer a friend to the broker, and both of you will receive $100

Varchev Customer Support

The company doesn’t perform well in terms of client support. It doesn’t have a dedicated “Contact Us” page on its website, and there are no indications of service hours. Varchev support channels:

Email	info@varchev.com
Phone	+359 700 17 600
Live Chat	Not Working

Varchev Prohibited Countries

Varchev, as a regulated broker, must comply with various international regulations and restrictions.

While specific information about prohibited countries is not readily available, by exploring the list of countries on the registration form, we can figure out that the broker doesn’t provide services to certain countries, including:

United States of America
Belgium
North Korea
Gaza

Varchev User Satisfaction

Trust score is a crucial factor in all of the Varchev reviews. The company doesn’t have a rated profile on any reputable review websites, such as Trustpilot, Forex Peace Army, and Reviews.io.

Varchev Educational Materials

The broker recognizes the importance of trader education and provides a range of educational resources to support both novice and experienced traders, including:

Video Tutorials: Step-by-step guides on platform usage and trading strategies
Webinars: Live and recorded sessions on various trading topics
Market Analysis: Regular updates on market trends and potential trading opportunities
Economic Calendar: Real-time updates on important economic events
Glossary: An Extensive list of trading terms and definitions

Comparison with Other Brokers

The table below goes through a comparison between Varchev and some other brokerages in the industry:

Parameter	Varchev Broker	Fusion Markets Broker	TMGM Broker	AvaTrade Broker
Regulation	FSC	ASIC, VFSC	ASIC, VFSC, FSC, FMA	ASIC, CySEC, CBI, FSA, FSCA, MiFID, ADGM, PFSA, ISA
Minimum Spread	Market Spread	From 0.0 pips	From 0.0 Pips	From 0.0 Pips
Commission	Variable Based on the Instrument and Platform	From $0.0	From $0.0	$0
Minimum Deposit	$200	$0	$100	$100
Maximum Leverage	1:500	1:500	1:1000	1:400
Trading Platforms	MT4, MT5, VAT	MetaTrader 4, MetaTrader 5, TradingView, cTrader	MT4, MT5, IRESS, TMGM Mobile App	MetaTrader 4, MetaTrader 5, Mobile App, WebTrader
Account Types	Real	Zero, Classic, Swap-Free	EDGE, CLASSIC	Standard, Demo, Professional
Islamic Account	N/A	Yes	Yes	Yes
Number of Tradable Assets	50,000+	250+	12000+	1250+
Trade Execution	Market	Market, Instant	Market, Instant	Instant

Conclusion and Final Words

Varchev provides access to 50,000+ instruments across various markets with leverage options of up to 1:500. Crypto trading is commission-free; however, trading Stocks on MT4 and MT5 includes a $0.05 commission.

Varchev broker offers various incentives, from $1,000 deposit bonuses to $100 referral commissions. Wire Transfer (Raiffeisen and UniCredit) and E-Payments (PayPal, Skrill, and Neteller) are the main payment methods that we mentioned in this Varchev review.

FAQs

What is the minimum deposit required to open a real account with Varchev?: Varchev requires a minimum deposit of $200 (or equivalent in EUR/GBP) or 400 BGN for Bulgarian clients. This applies to its single Real account type and provides access to all supported platforms including MT4, MT5, and VAT.
Is Varchev a regulated forex broker?: Yes, Varchev is regulated by the Bulgarian Financial Supervision Commission (FSC) under license number RG-03-02-05. Although it is no longer FCA-regulated post-Brexit, it adheres to MiFID regulations and implements KYC and negative balance protection for client safety.
What trading platforms does the broker offer?: Varchev supports MetaTrader 4, MetaTrader 5, and its proprietary VAT (Varchev Absolute Trader) platform. All platforms are available on desktop and mobile (iOS and Android), giving flexibility across devices.
Does this broker offer Islamic (swap-free) accounts?: No, Varchev does not currently offer Islamic or swap-free accounts. This may be a limitation for traders adhering to Sharia law.
Can I trade cryptocurrencies on Varchev?: Yes, Varchev supports commission-free crypto trading on BTC, ETH, LTC, and XRP, available from Sunday 24:00 to Friday 23:00. This provides flexible access to digital assets alongside traditional markets.
What is the maximum leverage offered by this brokerage?: Varchev offers leverage up to 1:500 for professional clients and 1:30 for retail clients, in compliance with ESMA and MiFID standards.
What trading instruments are available at Varchev?: Varchev provides access to 50,000+ financial instruments, including Forex, stocks, indices, commodities, ETFs, cryptocurrencies, IPOs, and metals. This broad range supports diverse trading strategies.
Are there any commissions at Varchev?: Most instruments at Varchev are commission-free, except Stock CFDs, which vary by platform. For example, MT5 charges $0.05 per U.S. stock (minimum $5) and 0.10% for EU stocks (minimum €5).
How do deposits and withdrawals work at this broker?: Varchev accepts a wide range of payment methods, including credit/debit cards, wire transfer, Skrill, Neteller, PayPal, and Bitcoin. Withdrawals require a signed form sent via email or fax.
Does Varchev provide demo accounts?: Yes, traders can use a Varchev demo account with $100,000 virtual funds, giving full access to trading platforms for testing strategies risk-free.