3.301 • 8 REVIEWS
Updated: Feb 14, 2024
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Varianse is a forex broker. Varianse offers the MetaTrader 4, cTrader, and FIX API trading top platforms. offers over 55 currency pairs, Indices, gold, silver, cryptocurrencies, energy and futures for your personal investment and trading options.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $500
Established: 2015
Address: 20 North Audley Street, W1K 6LX, United Kingdom
Contact:, +44 (0) 203 475 2285
Regional offices:
Regulators: Labuan FSA #MB/20/0051, FSC Mauritius #C118023323, FCA #802012
Prohibited countries: Unknown
Trading platforms: MT4, cTrader, FIX API
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (55+)
Cryptocurrencies: (20+) Bitcoin, Litecoin, Ethereum
CFD: (15+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

Hedge: ✅ Yes
EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Skrill, UnionPay, Wise (TransferWise)
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Skrill
* Please check broker website for more information
3.301 • 8 REVIEWS

Recent User Reviews of

Nicosia, Cyprus,
Jan 11, 2024,
Registered user


Service use: Live Length of use: 3-6 Months
They take your money with every little opportunity. You can't make money trading with Varianse.
They have the highest commission and swap fee among all the brokers in the world.
They even take 1% charges for every deposit
They will also take 1% charges for withdrawal plus extra $5.
I withdraw $20 from Varianse and I was paid $14. You can't make a penny trading with Varianse.
They are the worst. Beware.
Reply by Varianse submitted Feb 8, 2024:
Dear PRIVATE CLIENT INFORMATION REMOVED, thanks for sharing your feedback. We’re sorry your experience didn’t match your expectations.

Funding rates are transparent and clearly shown in the client portal prior to making a deposit or withdrawal, and they are normal on online platforms and websites taking payments.

We try our best to keep them to a minimum, however they are in place to cover the payment processing fees.

Whist we do not agree with your defamatory comments which we find inappropriate given the circumstance, we will do our best to improve in the future.

Serbia, Serbia,
Oct 24, 2023,
Registered user


Service use: Live Length of use: 0-3 Months
Deposit is vary expensive and you will get insane slippage in all trades.
Execution time is ok.
Reply by Varianse submitted Feb 8, 2024:

Thank you for your feedback,

We did try and help by upgrading you to an ECN account. Slippage is an inherent factor of the markets, however as we are an STP broker you did also benefit from positive slippage.

Germany, Germany,
Nov 28, 2021,
Registered user

a little too dangerous

Service use: Live Length of use: 0-3 Months
Varianse has the potential to be a good broker. They are well regulated. Spreads and commissions are average. Customer service is ok.
It's a little expensive to withdraw money, so pretty much made for larger accounts.

There is, however, one deadly issue that is a deal breaker. They have HUGE price spikes on some assets (I have a number of screenshots, but not sure how to upload them here).
As an example, the bid/ask spread on XAUUSD on Nov. 26 (the time I'm writing this) is 1685 / 1823 !!!! That's more than an 8% price gap. Definitely doesn't work with leveraged trading (not to mention stop triggers).. and the price did flash drop from 1800 to 1680's towards the end of the day (but not with any other broker I know of).
They say they are not market makers and pass on the orders to liquidity providers, but if a liquidity provider can't provide liquidity, they should find someone who can!

Just too dangerous to trade with any sort of leverage here.
1 trader has found this review helpful
Italy, Italy,
Feb 22, 2021,
Registered user

Good one

Service use: Live Length of use: 0-3 Months
True ECN, not like many others brokers. The liquidity is good and also the service. One of best here
1 trader has found this review helpful
East, United Kingdom,
Mar 30, 2019,

Great well regulated broker. Give them a try.

Great broker for UK clients as they have a great tax free spread betting setup, trades are made with lot sizes rather than £ per pip. Great execution with plenty of positive slippage in my case. No issues using EAs and can get <2ms with € 6 per mo. Aruba VPS. Funds are protected up to £ 50,000 by UK Government. They have a client portal where fee-less withdrawals are processed in hours and funds can be transferred between accounts and demo accounts can be created in seconds. They let me split my £ 50k deposit between 5 accounts and keep Prime benefits, while also allowing me to use 0.01 lot increment trades rather than the minimum 0.1 lot trades, just had to ask. My only quibble is the 1:30 leverage but that has nothing to do with Varinase, maybe that will change if the UK ever manage to free themselves from the EU.
1 trader has found this review helpful
Oct 16, 2018,
Registered user

The most expensive and all the worst brokers bypass the law through their company in Australia.
Have no complaints handling and get their customers through third call centers.
In the end, almost everyone loses their money in the foreign exchange market.
Think carefully about where you start
1 trader has found this review helpful
BA, Slovakia,
Jun 13, 2018,
Registered user

Very good broker with many additional tools for traders. I trade in this broker also news trading and sllipage is not to big.
1 trader has found this review helpful
Gian Forex
Mar 5, 2018,
Registered user

Fast solved the issue

Varianse solved promplty the issue, this first period of trading run away smootly - the customer care looks one level upper to many other brokers: more prepared technically, more one-to-one oriented.

Feb 28, 2018 - 1 Star Never again with Varianse,
They received this morning from me 5000,00 € to start to work with them, after they promised me in live chat to have leverage 400:1 till 50.000€ deposit and reduced commission to 5,5 € round lot, and at the afternoon they claim that i made wire transfer to wrong bank (they have only one bank by the way for EUR and GBP accounts, there is only different IBAN but same SWIFT), for this "mistake" by my side, they took 200,00 € comission.
i also noticed that my account is in EUR from the beginning, but when i click on theyr website to fund money by wire-transfer the "GBP" tab is highlighted and selected by default! like it means let's "help" new customers to make mistakes, they will pay comissions and We (varianse) can tell it is theyr fault!
Aug 4, 2017,
Registered user

problem solved quickly and smoothly

As promised, here is my update on the situation: Varianse has kept a constant and honest communication during the whole resolution of the issue. They agreed on compensating me the full amount for the LP wrong fill, and they also proposed changing my account type in order to avoid the same mistake again. As far as I can tell, they are a genuine broker intermediating their LP and they do their best to provide a fair service to their customer. I personally recommend them now.

Jul 28, 2017 - 1 Star Hello I am reviewing VARIANSE as we are currently trying to resolve an issue, my final rating will depend on the outcome. The situation is as follows: I requested to close 2 lots of EURCZK trades in a quiet environment (no news/no move) at level @26.0070 and my close orders have been accepted @25.9481 which is a slippage of almost 600 pips...I asked them to check and they came back with answer from their LP:

"We have spoken the LP who filled your order, and the underlying factor which caused the slippage was the lack of liquidity in the market at the time. Typical spreads on this pair vary around ~ 130 points and due to it being a thinly traded FX pair, price gaps can and do occur.
On both of the orders, they were rejected multiple times due to there being no buyer available wanting to fill the order at the requested price. The orders were eventually filled at a price where there was available liquidity at the time, hence the reason for the slippage. "

I will keep you updated on the decision they make to compensate me for this obvious mistake as can be seen on the screenshots (EURCZK never went below 26. for the whole trading day) and we can decide if they are honest or SCAM...
1 trader has found this review helpful
Madrid, Spain,
Feb 26, 2017,
Registered user

One of the best forex brokers

Varianse is an STP DMA broker, they take your order and pass it on to their liquidity pools with no markup.

There is no conflict of interest, if you win, your account will increase in size and you will place with them bigger trades with them,

Slippage is very very low or nill except during news but and increase is to be expected.

Opening an account is simple an fast, you can have your account ready in 24 hours or less. They do not cold call you when you open a demo account, they will let you test it for as long as you like untill you alone make the decision to open an account (Many brokers do not know how annoying it is to be called weekly trying to convince you to open an account).

You can deposit by bank transfer or Skrill and withdrawals are also fast, you can have your money back in 48 hours or less.

And last but not least, their personnel are really efficient and corteous.

1 trader has found this review helpful

Frequently Asked Questions

What is Varianse?

Varianse is an online forex broker. Varianse offers following assets to be traded on MetaTrader 4, cTrader, and FIX API.
  • Forex
  • Indices
  • Energy
  • Metals
  • Cryptocurrencies

Is Varianse regulated?

VARIANSE is a trading name of VDX Ltd, authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under FCA Register No. 802012.

VARIANSE is also regulated by the Lauban FSA of Malaysia (#MB/20/0051) and the FSC of Mauritius (#C118023323).

What is Varianse's maximum leverage?

The maximum offered by Varianse varies depending the category of traders and regulatory jurisdiction.  This ranges fro 30:1 up to 500:1.

What is the minimum deposit for Varianse?

The minimum deposit to open an account in Varianse depends on the account type.
  • Classic account is $500
  • ECNPro account is $5,000
  • Prime account is $50,000