Varengold FX Review 2021

Varengold FX Review 2021

March 2021
Analysis of the Main Features of the Forex Broker

2.43

Overall rating

1

/10

Execution of orders

2

/10

Investment instruments

3

/10

Withdrawal speed

2.6

/10

Customer Support work

4

/10

Variety of instruments

2

/10

Trading platform

26

Position
in rating

26

Position in rating

2.43/10
Overall rating

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

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.

Attention!

The company is not a partner of Traders Union, therefore it has not been verified.

Varengold FX Latest Comments 2021

0
5
0

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Varengold FX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I recommended this broker to 3 clients with 2 managed accounts immediately closed their accounts claiming that it is substandard and very different from demo accounts. I also had a negative experience of trading with Varengold, they do not fulfill what they promise on the site.

Varengold bank is the biggest shame in the world of forex. They assign terrible managers and client representatives. They are full of lies and dishonesty and never ever believe what they tell you. They harbor unknown criminal fund manager such as forexportfolios to steal your hard earning money.
They should not be practicing finance or trading in the first place.
Avoid these scammers at any cost.

I read a very bad story about how Varengold is associated with some dodgy traders (scammers) who actually hedge clients' accounts against each other instead of being truthful and trading transparently. Be careful not to work with Varengold!

Varengold FX manipulates quotes. They took $ 20,000 from me by such manipulations. I have compared quotes from Varengold and other brokers. So, other brokers do not have Varengold quotes, this is a lie and deception. I think Varengold are scammers!

I have been with Varengold FX for over a year and their customer service is well below average, execution is very slow and there are always re-quote messages! Very disappointed and generally not satisfying. Moreover, there are reviews from some traders that Varengold FX can manipulate the terminal.

Analysis of the Main Features of the Forex Broker

2.43

Overall rating

1

/10

Execution of orders

2

/10

Investment instruments

3

/10

Withdrawal speed

2.6

/10

Customer Support work

4

/10

Variety of instruments

2

/10

Trading platform

Dynamics of the Popularity of Varengold FX
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

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

Comparison of Varengold FX with other Brokers

Varengold FX FxPro XM Group Admiral Markets UK AvaTrade
Trading
platform
No MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit No $100 $5 $200 $100
Leverage No From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread No From 1 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
No 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10%
Execution of orders No Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No $100 $30 No No
Cent accounts No No Yes No Yes

Broker comparison table of trading instruments

Varengold FX FxPro XM Group Admiral Markets UK AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes
Crypto No No No Yes Yes
CFD No Yes Yes Yes Yes
indexes No Yes Yes Yes Yes
Stock No No Yes Yes Yes
ETF No No No Yes No
Options No No No No No

Tags:

varengold varengold bank bafin bafin de www.bafin.de.

The Oldest Reviews of the Varengold FX

The reviews by customers of the Varengold FX indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Varengold FX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I have been with Varengold FX for over a year and their customer service is well below average, execution is very slow and there are always re-quote messages! Very disappointed and generally not satisfying. Moreover, there are reviews from some traders that Varengold FX can manipulate the terminal.

Varengold FX manipulates quotes. They took $ 20,000 from me by such manipulations. I have compared quotes from Varengold and other brokers. So, other brokers do not have Varengold quotes, this is a lie and deception. I think Varengold are scammers!

I read a very bad story about how Varengold is associated with some dodgy traders (scammers) who actually hedge clients' accounts against each other instead of being truthful and trading transparently. Be careful not to work with Varengold!

Varengold bank is the biggest shame in the world of forex. They assign terrible managers and client representatives. They are full of lies and dishonesty and never ever believe what they tell you. They harbor unknown criminal fund manager such as forexportfolios to steal your hard earning money.
They should not be practicing finance or trading in the first place.
Avoid these scammers at any cost.

I recommended this broker to 3 clients with 2 managed accounts immediately closed their accounts claiming that it is substandard and very different from demo accounts. I also had a negative experience of trading with Varengold, they do not fulfill what they promise on the site.

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FAQs

Do reviews by traders influence the Varengold FX rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Varengold FX you need to go to the broker's profile.

How to leave a review about Varengold FX on the Traders Union website?

To leave a review about Varengold FX, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Varengold FX on a non-Traders Union client?

Anyone can leave feedback about Varengold FX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Varengold FX through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.