Pros & cons of Varianse broker

Varianse Fact sheet

Varianse is a regulated broker that is part of a bigger group of companies regulated in different jurisdictions. The Varianse broker itself is a brand name regulated by Mauritius’ Financial Services Commission (FSC) while other companies under the mother company are regulated in various countries. For security measures, there are segregated accounts to make client funds untouchable by the broker, and it is also a part of the compensation fund in case of broker insolvency. 

Since Varianse is a true STP broker, they do not provide negative balance protection. Straight-through processing means the broker directly connects traders with liquidity providers, and traders will have to exercise extra caution not to go into a negative balance.

The three main account types called Classic, ECNpro, and Prime are all offering decent terms for speculating on financial markets. The difference between each account lies in spreads and commissions. While the Classic account is good for beginner traders who want to start with a relatively small budget, it offers zero commissions and tight spreads on major currencies starting from 1 pip. The minimum deposit for Varianse is relatively high, starting from 500 USD on the Classic account. Other accounts offer lower spreads but require a higher initial deposit and have a commission for trading Forex. The ECNpro account has a minimum required deposit of 5,000 USD, with spreads starting from 0.0 pips for major pairs, but requires a commission of 3.5 USD per side per lot. Prime account commissions are negotiable and spreads are also starting from 0.0 pips but require a minimum deposit of 50,000 USD. As we can see Varianse is for traders who have got a minimum of 500 USD to trade and if a trader wants to use a scalping strategy, they will have to open an ECNpro account with a 5,000 USD minimum. Since scalping strategies are sensitive towards a higher spread, it will require substantial capital to start trading on Varianse. Despite the minimum deposit, commissions, and spreads, there are other differences between the three account types, as the Classic account will not provide traders with full market depth and FIX API. The ECNpro account also offers these capabilities but is limited as it won't provide traders with free VPS. While the Prime account offers all these benefits for free to traders with a budget of over 50,000 USD. 

Comparing Varianse fees with other brokers

Let’s see how well Varianse fees are provided when compared to other well-established brokers out there. 

Varianse fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Varianse fees compared to CM Trading fees

Varianse fees compared to plus500 fees

Varianse fees compared to XM fees

Varianse fees compared to AvaTrade fees

Varianse fees compared to Capital.com fees

There are two major trading platforms offered by Varianse, namely cTrader and MetaTrader 4 (MT4), both of which are very popular and well-known in the trading community. The two platforms are similar, and Varianse also offers a free VPS service for Prime account holders. CTrader and MT4 both offer advanced charting and technical analysis capabilities with numerous inbuilt indicators. Both of these platforms support using algorithmic robots when trading and custom indicators that can be either programmed or downloaded from online marketplaces. Since cTrader and MT4 are among the most robust platforms on the market, the trading environment at Varianse seems very professional and reliable. 

The education materials offered on the Varianse website are sorted into different categories to make it easy for beginners to grab the relevant information and develop financial trading skills. The categories are:

• Book review
• Broker knowledge
• Economics and markets
• Interview and Product review
• Risk management
• Strategies

These education topics, especially risk management and strategies, are among the most crucial things traders have to master before they can achieve success in financial markets. Apart from educational materials, Varianse also offers an analysis section on its website dedicated to market research tools that are provided by the broker for free. These tools are very useful as they can increase the accuracy of traders’ decisions. The analysis section provides fundamental and technical analysis on a daily basis. While the VPS will enable traders to trade 24/5 without interruptions and latency, the copy trading features will allow beginners to copy the trades of more experienced traders. This feature is also very useful for investors who do not have the time to trade but have substantial accumulated capital that they can use to make more money. 

Live-chat is a very crucial support tool for traders that Varianse offers for free 24/5. The experts from the broker will assist traders in case of need. Except for the live chat, there are other forms of communication available on their website, including phone calls, emails, and leaving a message that they will respond to at a later stage. 

Varianse is a regulated broker in Mauritius and offers Forex and CFDs with around 200 trading instruments including Forex, commodities, indices, cryptos, and share CFDs. The broker targets retail clients and aims at offering institutional-grade trading services to traders. Varianse has average spreads and commissions and a bit high initial deposit requirements of $500 to get started. Since the broker is a true STP broker, Varianse does not provide negative balance protection and traders will have to be extra cautious not to expose themselves to too many market risks as they can lose more than they have on their balance. It is possible to trade with any trading approach as there are three account types to appeal to all kinds of traders from day traders to scalpers.