Varchev Review 2026

Item: Varchev
Rating: 4.97
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 05, 2026

Top Brokers Overview — United States

Min. deposit $200
Fees 8 /10
Account types 5.7 /10
Regulation 6.8 /10

5 /10

High risk

Varchev User Reviews 6.4
Commissions and Fees 8.0
Regulation and Safety 6.8
Account Types 5.7
Deposit and Withdrawal 7.0
Markets and Tradable Assets 7.8
Trading Account Opening 9.0
Customer Support 4.6

Varchev Pros & Cons

The commissions charged by Varchev are lower than the average commissions in the market.
The broker offers a wide choice of trading instruments.
There is a section with free educational materials on the company’s website.
varchev.com offers negative balance protection.
Clients can visit the broker’s offline office in London.
Varchev offers different deposit and withdrawal methods, including wire transfers and electronic payment systems.
Trading from mobile devices is available.

Bonus programs are available only to professional clients of varchev.com.
Limited number of methods for contacting customer support.
The broker does not offer investment programs for earning passive income.

TU Expert Verdict

Varchev carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

Top-5 Brokers Traders Prefer

zForex

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Plus500

7.6 /10

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OANDA

6.9 /10

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EUR/USD 0.1 pips

Trading.com USA

6.2 /10

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EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

Varchev User Reviews

Score:

6.4 /10

20 total

5-star

15%
4-star

40%
3-star

15%
2-star

10%
1-star

20%

Withdrawing money is a huge problem. I'm waiting for a week. They don't want to give. There is all evidence. Do not even replenish - you will get only problems. Trading conditions have become disgusting.

It looks like the broker has serious problems, since both clients and their own license are at risk. Not returning funds for more than a week is a violation of all the rules! I close the account and advise everyone the same. And don't lie about the influx of customers! It is not true.

I work in Varchev. It may have some drawbacks, but apart from high spreads for illiquid instruments, I haven't noticed any others yet. I like the opportunity to increase the trading leverage up to 1:500. For brokers with reliable regulation, this is a rarity. But there are situations when you are one hundred percent sure of yourself and you want to take profit to the fullest! This is where Varchev comes to the rescue. Combining the technical capabilities of MT4 with the study of up-to-date analytics on the site allows you to make a forecast for a deal a couple of hours before the session. I am completely satisfied with the conditions and service at Varchev.

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Commissions and Fees

Score:

8 /10

The trading and non-trading commissions of Varchev have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Varchev with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Varchev’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Varchev Standard spreads
	Varchev	ZForex	OANDA
EUR/USD min, pips	0.4	0.1	0.1
EUR/USD max, pips	0.6	0.4	0.5
GPB/USD min, pips	0.5	0.2	0.1
GPB/USD max, pips	1.1	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Varchev RAW/ECN spreads
	Varchev	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	3	7	3.5
EUR/USD avg spread	0.1	0.1	0.15
GBP/USD avg spread	0.15	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Varchev. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Varchev Non-Trading Fees
	Varchev	ZForex	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0	0-15
Inactivity fee ($, per month)	0	0	0

Is Varchev Safe?

Score:

6.8 /10

Varchev has a safety score of 6.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated
Negative balance protection
Track record over 19 years

Not tier-1 regulated

Varchev Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
Abbreviation FSC (Bulgaria)	Full Name Financial Supervision Commission	Country of regulation Bulgaria	Investor Protection Fund Up to €20,000	Regulation Level Tier-2

Varchev Security Factors
Foundation date	2007
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

5.7 /10

Varchev offers the following account options: Demo, Standard, ECN/Raw spread, Cent.

Varchev covers the core account types, making it convenient for traders with different preferences and strategies.

Tight spread ECN account
Low minimum deposit
Standard account with balanced trading conditions

No Swap Free account
No VIP account option

Varchev account types vs top competitors
	Varchev	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	Yes	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

Varchev accounts trading conditions

Varchev is an international broker, therefore traders from different countries can open an account with the company. During opening of a trading account, the broker asks whether you are a resident of Belgium or the USA. There are only two account types.

Account types:

Account Type

Description

Real Account

This is an account for trading in real market conditions. When you are opening an account, you need to specify whether you’d like to be a professional client, as the trading conditions for the professionals are different. Specifically, the leverage on a professional account is up to 1:500, while for non-professional accounts the maximum leverage is up to 1:30. Also, there is no minimum deposit requirement for professionals, while non-professional traders will need to deposit a minimum of USD/EUR/GBP 200 or BGN 400.

Cent Account

You can also open a cent account at Varchev and trade minimum amounts. On a regular account, the deposit amount is shown in dollars or another chosen currency, and on a cent account – in cents. Therefore, a $200 deposit turns into 20,000 cents.

Also, the broker’s clients can exercise trading and test broker’s conditions using a virtual account. The demo account is opened for free in just 2 minutes with virtual 100,000 dollars deposited for the trader.

Varchev is a broker for experienced traders and those who value quality service, quick execution and minimum distraction.

Deposit and Withdrawal

Score:

7 /10

Varchev received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Varchev provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

PayPal supported
Bank wire transfers available
Minimum deposit below industry average
Bank card deposits and withdrawals

USDT payments not accepted
Limited deposit and withdrawal flexibility, leading to higher costs
Only major base currencies available

What are Varchev deposit and withdrawal options?

Varchev provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller, BTC.

Varchev Deposit and Withdrawal Methods vs Competitors
	Varchev	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	Yes	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are Varchev base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Varchev supports the following base account currencies: USD, EUR, GBP.

What are Varchev's minimum deposit and withdrawal amounts?

The minimum deposit on Varchev is $200, while the minimum withdrawal amount is $200. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Varchev’s support team.

Markets and Tradable Assets

Score:

7.8 /10

Varchev offers a wider selection of trading assets than the market average, with over 50000 tradable assets available, including 40 currency pairs.

Passive income with bonds
Indices trading
50000 assets for trading

Futures not available
Copy trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Varchev with its competitors, making it easier for you to find the perfect fit.

	Varchev	ZForex	Plus500
Currency pairs	40	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	50000	80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products Varchev offers for beginner traders and investors who prefer not to engage in active trading.

	Varchev	ZForex	Plus500
Bonds	Yes	No	No
ETFs	Yes	No	Yes
Copy trading	No	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

9 /10

We successfully registered an account with Varchev in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Varchev is $200.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Fully online account opening process
Low minimum deposit requirement
Fast registration time (up to 15 minutes)

Account approval may require extra time depending on the documentation.

Varchev account opening
	Varchev	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$200	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	10	8	5
KYC time (days)	2	1	3

Is Varchev available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

You can start trading with Varchev only after you open a trading account with the broker. In order to become a broker’s client, follow the step-by-step guide below:

Access the official website of Varchev. On the Home page, on the right side of the screen, you will see two buttons – Open Demo Account (the red one) and Open Real Account (the green one).
If you are opening a real account, you will need to provide your First Name, Last Name, full Address, Date and Place of Birth.
Next provide information on your citizenship, specify your Tax Identification Number and jurisdiction of your tax residence.
Next, choose which of the provided statements correspond to the description of your trading activity.
Specify whether you have experience in trading such instruments as Forex, futures, stocks, CFDs or other assets in the Forex and stock markets.
Then, specify whether you have experience of working at financial institutions, choose the level of financial education that is most suitable for you. Accept the risks that trading of different assets carries.
Fill out your contact information (email and phone number), so that the broker could contact you, if necessary. Select your trading platform, base currency, leverage. Specify whether you want to be in the “professional client” category.
Write where you learned about Varchev. Upload scanned copies of ID documents.
Review legal documents and then confirm your application for account opening.

After registration on the Varchev website, a client will receive access to the following in their Personal Account:

Financial information – deposit and withdrawal transactions.
Trading information – trading transaction history and software center.
Educational and analytical tab – market basics and analytical forecasts.
Customer support tab – contacts for contacting the broker’s representatives.

Customer Support

Score:

4.6 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

A trader can contact Varchev’s customer support to resolve technical issues, place orders via a deal and settle other issues.

Several methods of contacting the company’s employees
A possibility to visit a real office of the broker in order to resolve issues

The broker does not specify the operating hours of customer support
The website does not have FAQ

In order to contact Varchev, traders can use the following methods:

Phone call to one of the specified contact numbers;
A feedback form;
A visit to an offline office of the broker in London.

A live chat with a dealer is available after you open a real trading account.

Contacts
Foundation date	2007
Registration address	Level 33, office 50, 25 Canada Square, London E14 5LQ, UK
Regulation	FSC
Official site	varchev.com
Contacts	+44 20 8144 1497

Best Varchev Alternatives

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

Varchev Video Guides

FAQs

How is Varchev regulated and what does its safety score indicate for traders?

Varchev is regulated by the Financial Supervision Commission (FSC) in Bulgaria, classified as a Tier-2 regulator, and offers negative balance protection and mandatory KYC. Its safety score of 6.8/10 corresponds to a medium security level, and client funds may be covered by an investor protection fund up to €20,000, according to the section. The broker is not Tier-1 regulated, which is noted as a disadvantage in the review.

What trading account types does Varchev offer and who might they be suitable for?

Varchev provides real Standard-type accounts, ECN/raw spread options, a cent account, and a free demo account with virtual $100,000. The cent account displays balances in cents (for example, a $200 deposit appears as 20,000 cents), which can be useful for trading smaller amounts, while professional clients can access leverage up to 1:500 and no stated minimum deposit, compared with up to 1:30 leverage and a $200 minimum for non-professional clients. The review also notes that micro lots and VIP accounts are not available.

What do Varchev user reviews and feedback reveal about overall client experience?

Varchev has a user satisfaction score of 6.4/10 based on 20 reviews, with a mix of positive and negative ratings: 55% of reviews are 4 or 5 stars, while 30% are 1 or 2 stars. This distribution suggests a mixed overall experience, where some clients report satisfaction and others express concerns. According to user reviews, opinions about the broker are not uniform.

How does the Varchev account opening process work and how long does it take?

The account opening process at Varchev is fully online, with registration reportedly completed in about 10 minutes and KYC verification typically finalized within 2 business days. Applicants must provide personal details, tax information, trading experience, contact data, platform and leverage preferences, upload ID documents, and review legal documents before confirmation. The minimum deposit stated for starting to trade is $200, although approval time can vary depending on the documentation provided.

What do reviews and feedback say about Varchev customer support quality?

The customer support section describes noticeable weaknesses in responsiveness and communication quality, with delays in replies and limited depth of assistance reported during testing. Traders can contact Varchev via phone, feedback form, or by visiting an offline office in London, and a live chat with a dealer is available after opening a real account. However, the broker does not specify support operating hours and the website does not provide an FAQ, which may reduce convenience for some users.