On-line since: About company: Varengold BankFX was founded in 1995. With the headquarters in Germany, the company has offices in the UAE and the UK. This company is owned by Varengold Bank AG, which belongs to the Compensatory Fund of German Banks (EdB). Varengold Bank FX offers retail and institutional clients excellent order execution and the best services in the forex industry. The company is considered to be a reliable broker and strives to provide traders with transparent and high-performing financial instruments with high liquidity. You can select one of the trading accounts:
In 2007, Varengold was the first German investment bank to introduce the world’s top trading platform, MetaTrader 4 (MT4). Today traders have access to several downloadable versions of MT4. Trading Platforms:
Varengold Bank FX offers over 30 currency pairs and CFDs for its traders. In addition to demo accounts, the company provides traders with educational materials on forex trading. In particular, Varengold Bank XF recommends to pay special attention to video tutorials and articles on the first steps to take as a trader as well as the seven common mistakes that forex traders make. Multilingual telephone and chat support is available 24/5. You can find Varengold Bank FX reviews here. If you are familiar with the services of this company, please give your assessment in the comments. Your review will help other traders choose the right broker.
3/10
(votes 1915)
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Varengold Bank FX has the worst execution on their platform. I can't deal with high spread with an EA. Besides I got huge slippage and they charge a huge spread. So I think here is not safe my investment and I've lost $540. Now I have closed my account and withdrawn the rest investment from Varengold Bank FX.
Trading at Varengold is amazing. I have been with them since the start of this year and right now, I already have around 10% profit rate. This is great considering that I am a beginner. I guess the whole trading environment of the broker is so conducive that their investors are able to make profitable trades.
I have just opened an account at Varengold a few weeks ago. So far, the trading platform runs smoothly and I haven't seen any issue yet. Also, the customer support team is highly responsive.
Varengold is a recommended broker. I have been trading with them for 6 months, and I'm satisfied with the result I got after I trade with them. They provide nice services and fast withdrawal process. I like their platform because it's working great with fast executions. So far, all my trading has always been successful and profitable. And the most important is after I joined them, I can recover my losses before.
I traded with VarenGold for about 3 months after that I closed the account. I opened a Classic account with a first deposit of 2500$. For deposit I used the system Skrill and my funds were credited within 2 days after they checked all my papers. I trade with them mainly currency pairs such as EUR/USD, USD/JPY, USD/CHF, GBP/USD, EUR/DKK, Gold and shares from Apple/ Amazon. I made my first month a profit of 500$ but is very difficult to trade, I had negative slippage, also some positions closed during the night time when their server crashed, and the support team wasn't available to help me with this fact. Also the MT 4 platform has delays in execution, which makes the price at the closing time different then the real price, usually in my disadvantage. I called about this issues but the answer is always the bad of the client not from their side. After my 3rd month I requested to withdraw 2000$ which I had left in my trading account ,and my request was approved after 2 weeks. I don;t recommend at all this broker.
varengold is one of my favorite broker that I use for trading. So far I have 3 broker and those 3 have different type of strategy. For varengold, my strategy more to investment with low risk setting and usually timeframe that I use is daily or weekly because my entry usually for swing more than a weeks. So far my trading activity is going smooth with them and they provide me good trading condition, so far I have made 2-3 withdrawal using wire transfer and the transaction is fast enough to see money credited into bank account within 2-3 days only. Trading platform is easy to use with good interface and there’s no error occurred during trading activity. Starting with 2 points spread for major currency it is good for me that only trade major currency such as USDJPY and GBPUSD. Their support doing a good job by providing me schedule for news event and also company news through email. Thanks varengold!!
I have traded with Varengold Bank FX in deep pain. although I have pay high spread in all pairs, but they didn't give me the service. I can't open my trade on time. As Today I have open a trade on ERU/USD at 1.1326, which opened 15 pips lower from my direction and the trade could be closed anytime, because the platform has no guarantee. In the previous time, it happened with me while I was set TP and SL. Actually now I don't trust them in any services of them due to canceled my withdrawal of profit in five times. Overall their customer service also too bad and didn't answering on live chat or mail. So I am trying to return back my investment of $2500 dollars right now from Varengold BankFX.
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