VARIANSE offers access to 6 asset classes, including Crypto and Equities. The broker provides commission-free Forex / Oil trading through its Classic account with a 1.0 pip spread markup. It accepts Neteller, Skrill, and Crypto payments.
VARIANSE; An Introduction to The Broker and Its Regulatory Status
VARIANSE is a Mauritius-based brokerage company established in 2015.
The broker operates through a group of companies in multiple jurisdictions with different licenses, including:
- VDX Derivatives: Regulated by the Financial Services Commission (FSC) Mauritius with license no. C118023323
- VDX Capital Ltd: Authorized by the Labuan Financial Services Authority (LFSA) Malaysia with license no. MB/20/0051
- VDX Ltd: Regulated by the Financial Conduct Authority (FCA) United Kingdom with register no. 802012
The broker's commitment to regulatory compliance is further evidenced by its participation in client fund protection schemes, such as the UK's Financial Services Compensation Scheme (FSCS), which offers up to £85,000 per client.
VARIANSE Specific Features
The Forex broker has partnered with 20+ tier-1 liquidity providers and 3 Banks, including Barclays, Maybank, and MauBank, to provide fast and secure execution and transactions. Let’s take a quick look at what VARIANSE offers.
Broker | VARIANSE |
Account Types | Classic, ECN Pro, Prime |
Regulating Authorities | FCA, FSC, LFSA |
Based Currencies | GBP, USD, EUR, PLN, AUD |
Minimum Deposit | $500 |
Deposit Methods | Bank Wire, Visa, MasterCard, Crypto, Neteller, Skrill |
Withdrawal Methods | Bank Wire, Visa, MasterCard, Crypto, Neteller, Skrill |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:500 |
Investment Options | Copy Trading |
Trading Platforms & Apps | MT4, cTrader |
Markets | Forex, Indices, Metals, Energy, Crypto, Equities |
Spread | Variable based on the account type |
Commission | Variable based on the account type |
Orders Execution | Market |
Margin Call / Stop Out | 100% / 50% |
Trading Features | cTrader Copy, EarlyBird Fintwit Twitter Feed, Forex VPS |
Affiliate Program | Yes |
Bonus & Promotions | Referral |
Islamic Account | No |
PAMM Account | Yes |
Customer Support Ways | Email, Tel, Live Chat |
Customer Support Hours | 24/7 |
VARIANSE Broker Account Types
The company offers three distinct account types with different entry barriers and fee structures.
Features | Classic | ECN Pro | Prime |
Min Deposit | $500 | $5,000 | $50,000 |
Max Leverage | 1:500 | 1:500 | Negotiable |
FIX API | No | Yes | Yes |
Margin Call | 100% | 100% | 100% |
Stop Out | 50% | 50% | 50% |
Spreads from (pips) | 1.0 | 0.0 | 0.0 |
Account Opening and KYC
Opening an account with VARIANSE involves a straightforward process designed to comply with international KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
- Navigate to the broker’s official website;
- Click “Register”;
- Fill out the registration form;
- Click the verification link sent to your email;
- Choose “Complete Live Application”;
- Fill in the “Personal Data” and “Questionnaire”;
- Provide proof of identity (passport) and proof of address (utility bill or bank statement).
VARIANSE Apps and Platforms
In this VARIANSE review, we must mention that the broker provides traders with access to the robust MetaTrader 4 and cTrader.
MetaTrader 4 (MT4)
cTrader
While MetaTrader 4 offers 30 built-in analytical tools, you can check TradingFinder’s MT4 indicators for additional tools.
VARIANSE Broker Fees and Commissions
The company offers competitive pricing across its account types, with a transparent fee structure:
Fee | Classic | ECN Pro | Prime |
FX/Metals Spreads from (pips) | 1.0 | 0.0 | 0.0 |
FX/Metals Commission | $0 | $3.50 per lot per side | Negotiable |
CFDs Commission | Oil: $0 Indices: $0.5 per lot per side Equities: 0.1% ($10 min) Crypto: 0.07% | ||
VARIANSE Withdrawals & Deposits
The broker holds clients’ funds in segregated accounts at Barclays Bank in London to ensure safety. VARIANSE supports a variety of funding options, including:
Method | Deposit Fee |
Bank Wire | 0% |
Visa | 1.5% |
MasterCard | 1.5% |
Crypto (BTC, ETH, USDT, and 10 more coins) | 1% |
Neteller | 3.9% |
Skrill | 3.9% |
Note that withdrawals are processed via bank transfers, with a minimum of 100 currency units.
Does VARIANSE Offer Copy Trading Services or Investment Plans?
The broker provides a comprehensive solution for investors and money managers called cTrader Copy, with the following features:
- Complete control over the copied strategies
- Comprehensive trading history of strategy providers
- Ability to chat with money managers before investing
- Daily payouts for managers
- Fully automated and flexible fee structures
VARIANSE Promotional Offerings
The company offers individual bonus programs based on the client’s region. Upon registering talk contact the support team about promotions. VARIANSE also has implemented various partnership programs, including:
- Money Managers: A comprehensive MAM solution supporting MT4 accounts
- Introducers: Competitive commissions for referring new clients
Customer Support
VARIANSE prides itself on providing 24/7 client service through various channels, from Live Chat to Call Center.
support@varianse.com | |
Tel (Mauritius) | +230 5297 0989 |
Tel (UK) | +44 (0) 203 475 2285 |
Live Chat | Available on the official website |
VARIANSE Trust Score
Exploring VARIANSE reviews on websites like Forex Peace Army helps us get a sense of what customers think of their broker.
TrustPilot | 3.4/5 based on 11 ratings |
Forex Peace Army | 3.748/5 based on 8 reviews |
VARIANSE TrustPilot profile has 11 comments, showcasing an average performance on the broker’s part.
Conclusion and Final Words
VARIANSE provides access to 200+ trading instruments with leverage options of up to 1:500 and a minimum deposit of $500. The broker has an average TrustPilot score of 3.4 and doesn’t accept US clients.
