Varianse is an FCA-regulated company, which ensures customers of high standards with strict regulations regarding safe trading practices through the segregation of customer funds. Varianses spread is also very low with an overall rating of 8/10.
Varianse at a Glance
| Broker's Name | VARIANSE |
| 📍 Headquartered | London, the United Kingdom |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | The Financial Conduct Authority (FCA) |
| 🌐 Countries not accepted for trade | The United States |
| ☪️ Islamic account (swap-free) | No information available |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No information available |
| 📈 Maximum Leverage | Retail – 1:30 Professional – 1:400 |
| 💰 Minimum Deposit | $500/R8 000 ZAR |
| 💳 Deposit Options | · Bank wire transfer · Debit cards · Credit cards |
| 💳 Withdrawal Options | Bank wire transfer |
| 💻 Platform Types | · MetaTrader 4 · MaxxTrader |
| 📱 OS Compatibility | Desktop, iOS and Android |
| 📈 Tradable assets offered | Forex, CFDs, Metals |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | Hours: 9.00 to 18:00 (GMT) Monday to Friday |
Min Deposit
USD 500
Regulators
FCA
Trading Platform
MT4, MaxxTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Varianse Review – 17 Key Point Overview
Varianse Overview
Varianse Overview
According to research in South Africa, Varianse Electronic Trading is a UK-based broker which largely operates on the basis of its extensive experience in institutional trading. The company functions as a leading global multi-asset broker which is authorised and Regulated in the UK by the FCA.
The company differentiates itself by offering industry-leading best-in-class software for real-time market news and analytics.
As such, the company’s advanced technology connects liquidity providers and interbank quotes through maintained trading servers located in the London Equinix IBX Datacenter, which is cross-connected to multiple Tier 1 Institutional providers.
The company uses a Pure Agency broker model and does not act as a counterpart to its trades, so that there is no conflict with interests of the traders who choose to use this broker.
Traders are given access to high-frequency trading with over 100 tradable instruments over 5 asset classes including FX, Indices, Futures, Energies and Metals, as well Spread Betting for UK clients, providing a broad range of markets on which to trade.
Varianse works to maintain its position as a leading broker in the Forex market which is well-recognised by its institutional peers and by the many clients who have repeatedly reported their customer satisfaction.
Varianse Safe or Scam
Being an FCA-regulated broker, Varianse provides traders with a safe and secure trading environment. Added to this, the company has maintained a steady position as a leading provider with positive reviews and multiple awards.
The FCA is regarded as a particularly strict regulatory body, so that Varianse operates in accordance with the required level of security and operational standards.
As evidence of this, the company’s client money management system is conducted in accordance with FCA regulations, and all client funds are kept in segregated accounts with reputable and traceable institutions such as Barclays Bank in London.
Added to this, Varianse is required to submit financial reports to regulators and to participate in the compensation scheme that will cover clients’ funds in case of company insolvency.
As such, this highly regulated broker does not act in conflict with clients’ interests nor as a counterpart to clients’ trades, providing a safe and secure trading environment that provides confidence on the Forex market.
Varianse Pros and Cons
| ✔️ Pros | 🔴 Cons |
| Fast-executing technology | Deposit fees on credit/cards |
| Highly regulated by the FCA | Lack of educational material |
| Powerful trading platforms | Less suited for newbie traders |
Varianse Leverage
Varianse Electronic Trading minimum margin required to open a position depends on the chosen leverage, currency pair, prevailing market prices and account type. The company also provides a useful formula on the page for traders who want to work out the values for themselves.
Trading on Margin (or with Leverage) allows clients to execute trades far greater in size than their initial deposit, allowing them to magnify the price movement effect. However, it should be noted that this can work both for and against the client, depending on the amount of leverage selected and employed on a selected trading account.
Clients who set their account to an initial leverage of 1:200 will have the equivalent of trading on a 0.5% margin.
In other words, clients would be able to speculate and buy 20 000 USD notional in their
trading terminal with only 100 USD deposited in your account. Leverage may be increased to a maximum of 1:400 on special request for Professional Clients.
Min Deposit
USD 500
Regulators
FCA
Trading Platform
MT4, MaxxTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Varianse Account Types
Varianse offers three types of accounts which meet a variety of traders’ needs. These also include multiple base currency accounts offering USD, EUR, GBP, PLN, AUD and JPY. All of the company’s accounts come with personal trading support, dedicated account managers and free demo account to practice on MT4.
LatentX Accounts
Varianse offers a variety of accounts which utilize its LatentX infrastructure, including:
Classic account
Prime Account
ECN Pro Account
The company’s LatentX is an advanced trading infrastructure, providing Institutional grade trading execution, fast performance and a true ECN/DMA trading environment.
Through the execution venue’s core pricing engine, the best bid and offers are streamed from multiple liquidity sources (Tier 1 banks, non-banks and HFT LP’s) and delivered to client terminals at lightning speed.
Varianse utilises execution venues with direct copper and fibre optic connections to multiple Tier-One banks trading servers, allowing connectivity to Liquidity Providers at sub-millisecond speeds, providing real low latency trading.
Added to this, a SMART order routing and pricing engine supports complex order routing and aggregation, as well as multi band liquidity streams for superior execution during high volume trading. All with the added advantage of no requotes.
Prime Account
The company’s Prime Account provides best in class deep FX liquidity backed by a robust electronic trading infrastructure. This account is tailored towards high net worth, institutional and execution conscious clients who demand an elevated trading service.
To this end, the Prime account offers tailored liquidity streams customised to each clients’ requirements, full post trade transparency displaying which underlying Liquidity Provider has filled a trade, and post trade metrics on trade executions.
The account’s tailored customisable liquidity stream is able to meet clients’ trading objectives, ensuring orders are routed to the optimum Liquidity Provider(s) creating the advantage of optimum fill rates and best trade execution.
Therefore, this account can be used for executing High Frequency strategies or ensuring clients receive deep, top of book for big ticket fills, making this account a perfect fit for asset managers and professional traders.
The account also provides full post trade transparency displaying which underlying Liquidity Provider has filled a trade, to further solidify no conflict of interest and evidence of effective STP trade execution.
As such, no matter which account a trader ultimately selects, there is much to benefit from Varianse’s LatentX technology, which includes Razor Sharp Pricing, Ultrafast Execution, and excellent Customer Care.
Varianse Market Instruments
Varianse Electronic Trading makes use of Spot FX, Indices, Energy, and Metals. For Spot FX instruments, clients can trade FX direct on interbank pricing via the company’s low latency networks. Spot FX also includes:
Complete price transparency
Direct ECN connectivity
Low transaction costs
No re-quotes
STP execution
The company’s indices range allows clients to trade the global benchmarks, and include:
12 global cash indices
Dividends paid on long positions and charged on short positions
Rolling spot contract
In terms of energy, clients can trade oil on Brent or West Texas contracts, and include:
Futures CFD contract
Chicago Mercantile Exchange (CME) base contract
Monthly and quarterly expiries
Low commissions/no exchange fees
Finally, clients can trade the world’s precious metal contracts, which come with:
Rolling spot contracts
USD dollar based metal contracts
Varianse Fees
Varianse Electronic Trading’s Standard Account requires $ 500 to start and all costs are included into the spreads started from 1 pips.
The company’s ECN pro account allows trading with the raw spread and ECN connectivity, while the broker will charge $ 3.50 per lot. All ranges of trading instruments are accessible and requires $ 5 000 of start capital.
The LatentX Prime account is account is designed for more expert and seasoned traders, and charges $ 2 per lot with a balance maintenance of $ 50 000. Being designated for expert traders, the Prime account offers a competitive multi-tier commission structure.
The overnight financing amount is either added to or subtracted from the client’s account whenever a position is left open after a certain cut-off time (the “Overnight Financing Time”, 22:00 GMT + 1). The overnight financing time and the daily overnight financing percentage can be found in the “contract specifications” table for each instrument available on the trading platform.
Varianse Deposit and Withdrawal
In order to trade on an Varianse Electronic Trading account clients will have to deposit and fund the minimum required opening balance directly with the execution venue who will hold their funds. Once the account is first funded and active the client may freely deposit any amount.
Varianse does not charge fees for depositing funds, although the clients’ bank or payment processor may charge for processing the payment, for which the client will be responsible. All clients’ funds are held in Barclays Bank in London in ring-fenced segregated client trust accounts with the execution venue. Deposits can be made via bank wire transfer or debit/credit card.
Bank wire transfer methods include:
Swift
Unlimited daily deposit
Zero deposit fees
Currency: GBP, EUR, USD, PLN, JPY, AUD
Credit/debit card deposits include:
Visa
Mastercard
Unlimited daily deposit
9% deposit fee
Currency: GBP, EUR, USD
All withdrawals are usually processed by via bank wire transfer, so clients are best advised to send the company an up to date bank statement dated within three months.
In some cases the company may be able to send funds back to either a Credit Card, Skrill, or Uphold account if the funds were originally deposited via the methods. Withdrawals are processed the same day once instructions have been received.
Min Deposit
USD 500
Regulators
FCA
Trading Platform
MT4, MaxxTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Varianse Trading Platforms
Varianse offers a suite of advanced trading technologies which allow clients to trade under any market condition, as well as custom build and create their own automated strategies. These platforms are specifically adapted to handle high volume concurrent execution.
The trading platforms from which traders can select include the ever popular MetaTrader4, MaxxTrader, and MobileTrader.
MetaTrader4
MetaTrader 4 is the world’s most popular trading terminal as it is perfectly equipped to allow traders to harness the power and dynamism of the FX markets. This platform provides the tools and resources required to analyse price dynamics of a range of financial instruments.
It also includes facilities for fast and efficient trade execution and the ability to create and employ custom made automated algorithmic trading strategies through the highly customisable built in MQL editor.
MaxxTrader
The MaxxTrader platform is exclusively available to Varianse’s Prime account holders, and is noted as the professional FX traders’ choice of trading platform enabling advanced point and click GUI execution. The platform supports advanced STP execution and electronic order routing, and is found on the FX trading desks of the world’s leading Institutions.
MobileTrader
The MobileTrader platform allows clients to trade everywhere and via MetaTrader4 on their Smart Phone or Tablet device. Traders can access their account from iPhone, iPad, Android, Pocket PC’s, Windows Smartphones and tablet devices, with seamless integration across desktop accounts.
Varianse Customer Support
Despite its comprehensive offering, Varianse is somewhat lacking in terms of their customer support. Clients are redirected to their dedicated phone or email line, to which the support team responds fairly quickly.
Customers are also given a live chat option for more pressing questions, with a support team member waiting online. The company does offer a comprehensive FAQ section to cover questions which clients might have in order to mitigate the need for unnecessary time spent with the support team.
Varianse Education
Varianse Electronic Trading also offers limited education tools, some of which can be covered by the FAQs found under the customer support section of their website. That said, the company does offer a useful and user-friendly demo account, which allows newbie traders to learn the tricks of the trade in a highly simulated market landscape.
Varianse Research
What the company lacks in educational tools it makes up for in research tools, which is understandable as this broker is geared more towards seasoned traders. To this end, Varianse Electronic Trading has partnered with MetaStock to provide clients with industry leading best-in-class software for real-time market news and analytics.
Powered by Thomson Reuters real-time market news, MetaStock XENTIH gives clients the information they need in an organized and intuitive way.
As such, Varianse Electronic Trading offers its clients the same tools used by professionals globally in Tier 1 Banks, Hedge Funds and Brokerage houses from London, New York, Hong Kong, Tokyo and Singapore.
Varianse Awards
Varianse Electronic Trading has achieved consistent recognition from independent organisations and the financial community. The company’s awards to date include:
Best Broker for Professional Traders, International Business Magazine (2018)
Best Broker for Algo Traders, Global Brands Magazine (2017)
Best New Forex Broker, Global Banking and Finance Review (2015)
Most Innovative New Forex Brand, Global Brands Magazine (2015)
Varianse VS ThinkMarkets VS FBS
Varianse VS ThinkMarkets VS FBS
| 🥇 Varianse | 🥇 ThinkMarkets | 🥇 FBS | |
| 📃 Regulation | The Financial Conduct Authority (FCA) | FCA, the South Africa FSCA, UK FCA, ASIC | IFCS |
| 💰 Minimum Deposit | $500/ R8 000 ZAR | $ 500 / R 8000 ZAR | $1/ R 16 ZAR |
| 💰 Welcome Bonus | No | No | $140/R3 200 ZAR |
| ☪️️ Islamic Account | Yes | Yes | Yes |
| 📊 Leverage | Retail – 1:30 Professional – 1:400 | 1:1000 | 1:3000 |
| 💰 Withdrawal fee | No | No | No |
| 💰 Spreads | 1 pips | 0.1 pips | 3 pips |
| 💳 Demo trading | Yes | Yes | Yes |
| 📒 Account Types | Classic Account, ECNpro Account, PRIME Account | Demo account, Standard account, ThinkZero account | Cent, Micro, Standard, Zero, Spread, ECN, and Crypto Account |
Min Deposit
USD 500
Regulators
FCA
Trading Platform
MT4, MaxxTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Conclusion
All in all, Varianse Electronic Trading is a company with a strong technology base that is geared best towards seasoned traders. The company’s pure STP model provides a swathe of investment opportunities, with seamless technological integration using the latest and most popular platforms.
While the company does offer access to newbie traders through its demo account and comprehensive FAQ section, new traders might want to try their hand at more user-friendly platforms before taking hold of everything Varianse has to offer.
Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% of retail investor accounts lose money when trading CFDs. Traders should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing money, According to research in South Africa.
Frequently Asked Questions
Trading Environment
How many instruments can I trade with VARIANSE?
VARIANSE offer the following market instruments:
- Forex
- CFDs
- Metals
Which platforms are supported by VARIANSE?
VARIANSE provides the following platforms:
- MetaTrader 4
- MaxxTrader
Does VARIANSE offer leverage?
Yes, VARIANSE offers a maximum leverage of 1:30 for retail traders and 1:400 for professional traders.
What spreads can I expect with VARIANSE?
VARIANSE offers spreads from 0 pips, depending on the account type.
Does VARIANSE charge commission?
Yes, VARIANSE charges a commission starting at $3.50/lot, depending on the account type.
Is VARIANSE regulated?
Yes, VARIANSE is regulated by the Financial Conduct Authority (FCA).
Is VARIANSE a recommended forex trading broker for experts and beginners?
No, VARIANSE is better suited for institutional and experienced traders.
What is the overall rating out of 10 for VARIANSE?
8/10.
Accounts
What is the difference between a demo and a live trading account?
A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual money.
Does VARIANSE offer a demo account?
Yes.
Can I convert my demo account to a live trading account with VARIANSE?
Yes.
Which live trading accounts does VARIANSE offer?
VARIANSE offers the following trading accounts:
- Classic Account – Spreads from 1 pip, no commission
- ECNpro Account – Spreads from 0 pips, commission from $3.50 per lot
- PRIME Account – Spreads from 0 pips, commission from $2/lot
What are the available deposit currencies for a live trading account?
- USD
- EUR
- GBP
- PLN
- JPY
- AUD
Deposits and Withdrawals
What is the minimum deposit for VARIANSE?
500 USD / EUR / GBP
How do you make a deposit and withdrawal with VARIANSE?
Traders can make a deposit via bank wire transfer, debit cards and credit cards. Withdrawals are done via bank wire transfer.
Does VARIANSE charge withdrawal fees?
No, but fees from financial institutions may apply.
How long does it take to make a withdrawal?
Withdrawals are requested the same day as received.
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