Varianse Forex broker review: Low spreads and commissions, but high initial deposits
Written by:
Written on:
27 March 2023
Last edit:
21 February 2024
Our rating:


Varianse Forex broker review: Low spreads and commissions, but high initial deposits
Written by:
Written on:
27 March 2023
Last edit:
21 February 2024
Our rating


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
See how Varianse compares to it's closest alternatives.

Main summary

Varianse is a globally regulated Forex and CFDs broker that was established in 2015 by various Forex traders and engineers from tier-1 banks. Varianse strives to offer institutional-grade trading services to retail clients worldwide and offers cutting-edge market analysis, trading tools, and modern trading platforms with more than 199 tradable instruments. You are able to trade various asset classes including Forex, commodities, indices, cryptos, and share CFDs. Their 1:500 leverage is good enough to trade with a minimum deposit of $500 and minimum lots from 0.01 in all preferred markets. While the minimum deposit is high, the spreads and commissions offered are industry average and the broker seems very competitive when stacked up against other well-established brokers out there. Let’s dive in and review Varianse in more detail.

Pros & cons of Varianse broker

  • No inactivity fees are charged for dormant accounts
  • Offers access to MetaTrader 4, cTrader
  • Fast and digital account opening/verification
  • Offers access to 23 cryptocurrencies
  • Leverage is 1:500 and offers flexibility to control big positions with low deposit
  • There are no accounts without spread markups
  • Does not offer negative balance protection

Varianse Fact sheet

Main features
Regulations Mauritius
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 0 USD
Minimum deposit 500 USD
Minimum account activation 500 USD
Number of available assets 199
Leverage up to 1:500
Available trading markets CFDs on Stocks, Commodities, Cryptocurrencies, Forex, Indices
Account currencies USD, GBP, EUR, PLN
Demo account Yes
Live account types Classic, ECNpro, Prime
Islamic account Yes
Negative balance protection -
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Forex 44
Shares N/A
Cryptocurrencies 23
Indices 10
Commodities 4
Total 199
Fees & spread
Forex From 1 pip
Shares N/A
Cryptocurrencies From 0.07%
Indices From 0.5 pips
Commodities From 0
Platforms cTrader, MetaTrader 4
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, Neteller, Skrill
Minimum deposit Bank Transfer, Credit/Debit Card, Neteller, Skrill
Minimum withdrawal Bank Transfer, Credit/Debit Card, Neteller, Skrill
Withdrawal processing time Instant
Time to open an account -
Show all

Safety & Security of Varianse

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.

Account types available for traders on Varianse

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. 

Fees & commissions review of Varianse

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

Type of FeeVarianseInteractive Brokers
EUR/USD SpreadFrom 1 pipFrom 0.6 pips
Fees on DepositsNo1%
Inactivity feeNoNo*

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

Varianse fees compared to CM Trading fees

Type of FeeVarianseCM Trading
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 15 EUR/USD per month after 60 days of inactivity

Varianse fees compared to plus500 fees

Type of FeeVarianseplus500
EUR/USD SpreadFrom 1 pipVariable
Fees on DepositsNoNo
Inactivity feeNoYes, 10 USD per month after 3 months of inactivity

Varianse fees compared to XM fees

Type of FeeVarianseXM
EUR/USD SpreadFrom 1 pipFrom 0.6 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 15 USD after 12 months, +5 USD/m

Varianse fees compared to AvaTrade fees

Type of FeeVarianseAvaTrade
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 50 USD after 3 months, 100 USD administration fee after a year

Varianse fees compared to fees

Type of
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on DepositsNoNo
Inactivity feeNoYes, 50 USD after 3 months, 100 USD administration fee after a year

Trading platforms and mobile trading reviewed at Varianse

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. 

Education and research tools offered by Varianse

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. 

Customer support of Varianse

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. 

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FAQs about Varianse

Is Varianse a reliable broker?

Varianse is a regulated broker and adheres to regulators’ rules to treat their clients fair. The one con is that Varianse does not offer negative balance protection to its clients. This is because the broker is a true STP broker. Other than that the broker seems reliable and trustworthy.

Does Varianse offer micro accounts?

While the initial deposit requirements are relatively high, Varianse still offers the minimum lot size at 0.01 and leverage is also decent. This means it is possible to trade like a micro account on Varianse.