Summary of Varengold FX Trading Company
Varengold FX was founded in 1995. The activities of Varengold is controlled by Federal Body of Control of Financial Services. Varengold does not charge fees or commission and offers low spreads at all times, e.g., EUR/USD from 1 Pip.
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Trading Conditions for Varengold FX Users
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5 |
|---|---|
| 📊 Accounts: | Classic |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | No |
| 🚀 Minimum deposit: | 2000 USD |
| ⚖️ Leverage: | 1:2000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.1 |
| 💱 Spread: | From 0.1 |
| 🔧 Instruments: | Forex |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
Contacts
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has Varengold FX been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Varengold FX by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Varengold FX is down, not updated or operates with clear errors and some features are not available;
• Varengold FX has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Varengold FX got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Varengold FX got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Varengold FX?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Varengold FX is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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