MisterX Reviews

Review for Varianse.com

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.

Review for Pepperstone.com

Germany, Germany,
Nov 23, 2021,
Registered user

Good Broker

Service use: Live

Length of use: over 1 Year

Overall a good broker.
Good execution.
Good customer service.
A little high on the overnight swap rates.

Wish they had more flexible withdrawal options.
  1 trader has found this review helpful
Reply by Martin submitted Nov 24, 2021:
Thank you for your review MisterX, your feedback has been passed on to our team.