Varianse is a company from the UK, all their services are offered online, trading is done through the world’s most popular platform – MT4, which has a large set of tools timeframe indicators and other options necessary for trading.
Registered this company in 2015, the central office is located in London. The company, which belongs to the brand- VDX Ltd. Licensed and regulated by the British Financial Conduct Authority FCA.
You will not see a large abundance of trading platforms, the company using the number one platform for trading-MT4 download offered on a free basis, this terminal is ideal for trading in the Forex market and carrying out market analysis.
Assets to trade
The company specializes in the market of currency pairs, there are about 45 of them. However, there is an opportunity to earn income from trading contracts for the difference in the price of the following instruments: metals, indices, energy.
Interesting solutions presented by the company, offers a basket of currency pairs. This is several currencies traded with only one lot. It reduces the risk in case of significant fluctuations of one of the currencies.
This is an index that tracks the value of the American currency against the New Zealand, Canadian and Australian currencies. This group of currencies is suitable for building profitable strategies.
TWI – Index
This is a fairly complex index that compares the volatility of a currency against the volatility of other assets, such indices are created only for major currencies.
This is nothing more than a prediction of the future volatility of a currency. Statistics are created based on the analysis of the most popular currency pairs, and the trading turnover for each currency pair is also calculated.
Methods of depositing to the trading account
There are the main ways of depositing to the trading account, such as international cards, bank transfer, and you can also use some electronic purses. There is no commission for transactions, but you should consider other charges from your banks. the company allows the creation of trading accounts in different currencies: euros, dollars, Japanese yen, zloty, pounds, Australian dollar. The company credits the funds on the day of payment.
Same methods are suitable for the withdrawal of funds from the account, when withdrawing be prepared to pay a commission if the withdrawal to the card is 5 pounds, if the payment comes directly to the bank account, you have to pay 30 pounds.
Varianse understands perfectly well that clients need to get familiar with the functionality of the trading platform first, only after that they can test and work on real accounts. Therefore, the company provides demo account options with virtual money. it’s trading without risk, but the profits here will also be virtual.
Promotions and bonuses
Since the company is registered in the UK, the regulator does not allow promotions to attract clients, but the company finds ways to stimulate traders for example, this is a trial version of the analytical tool with all kinds of calculators, tools and calendar of events. It costs $150 in the basic version, and the company is ready to provide 1 month as a gift.
Regulation of Varianse.
The company is managed by VDX Ltd, which has a financial supervision license in the UK, all clients, or rather their funds are protected in case of force majeure, such as liquidation of companies, bankruptcy. Any deposits up to 50,000 pounds will be reimbursed in the event of such situations, and client funds are kept in separate accounts at the reputable Barclays Bank.
Types of trading accounts offered
As it was mentioned above, to begin with, clients are recommended to use demo board, then proceeding from financial possibilities, strategies, types of trading, then you can decide and choose one of the accounts. The company does not prohibit the use of scalping techniques, hedging, at the same time, it is possible to use the possibilities of automatic trading.
In total, three accounts are provided, each of which will have the most favorable conditions, minimum delays and access to all instruments. The company is distinguished by its approach to trading, offering forex baskets, which is a novelty for the market. The minuses of the company is the absence of cryptocurrencies, which is a trend of the last years and the absence of any educational materials. Therefore, this broker will be suitable only for clients who already have experience.