Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
VARIANSE Pros & Cons
- This broker has offices in the UK, Malaysia, and Mauritius, where it is officially registered and regulated;
- Choice of several live account types provides for individualizing offers;
- Traders work on modern trading platforms;
- Large choice of assets in combination with leverage up to 1:500 significantly expands the profit potential;
- Spreads are market average or even more profitable (from 0,0 pips), and trading fees are lower than those of most brokers;
- Traders can receive passive income using MAM accounts and the copy trading service;
- This broker partners with tier 1 liquidity providers, which gives raw spreads from 0 pips on the ECN Pro account;
- Technical support is provided by many major channels, such as email, live chat, and phone, and is highly evaluated by users.
- Minimum deposits are $500, $5,000, and $50,000 for Classic, ECN Pro, and Prime accounts, respectively, which are substantial numbers;
- Call center specialists work Monday through Friday, from 9:00 to 18:00 GMT, that is, managers are not available at night and on weekends.
TU Expert Verdict
VARIANSE demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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VARIANSE User Reviews
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5-star
0%
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4-star
33%
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3-star
33%
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2-star
17%
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1-star
17%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of VARIANSE have been analyzed and rated as having Medium fees, with a fees score of 7/10. 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 withdrawal fee
- Deposit fee applies
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Is VARIANSE Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.5 /10VARIANSE has a safety score of 9.5/10, which corresponds to a High 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.
- Tier-1 regulated
- Regulated in the UK
- Track record over 12 years
- No negative balance protection
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10VARIANSE offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Low minimum deposit
- Tight spread ECN account
- Micro lots are not available
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7.2 /10VARIANSE received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.3 /10VARIANSE offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 60 Forex pairs.
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Trading Account Opening
We successfully registered an account with VARIANSE in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at VARIANSE is $500.Score:We evaluated Trading Account Opening at VARIANSE by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.6 /10The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
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Customer Support
Score:We evaluated Customer Support at VARIANSE by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.5 /10
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FAQs
How is VARIANSE regulated and what safety mechanisms are described in reviews of its security setup?
VARIANSE is regulated by the FCA in the United Kingdom (Tier-1, with an investor protection fund up to £85,000), the LFSA in Malaysia (Tier-2, no specific fund), and the FSC in Mauritius (Tier-3, no specific fund). The broker has a high safety score of 9.5/10 and a track record since 2014, but the review notes that negative balance protection is not provided.
What commissions, spreads, and non-trading fees are outlined for VARIANSE accounts?
The review states that VARIANSE has medium overall fees (7/10), with low forex trading fees, tight EUR/USD spreads on Standard accounts (typically 0.2–1.1 pips), and ECN/RAW accounts charging a $3.5 commission per lot with average EUR/USD and GBP/USD spreads of 0.1 pips. Non-trading fees include a deposit fee ranging from 0% to 3.9%, while withdrawal and inactivity fees are reported as 0.
What account types does VARIANSE offer and how do trading conditions differ between them?
VARIANSE provides Classic, ECN Pro, Prime, and demo accounts, but does not offer Cent, Micro, Swap Free, VIP, or managed accounts, and micro lots are not available. Classic requires a $500 minimum deposit with spreads from 1 pip and no trading fee on currencies and metals, ECN Pro requires $5,000 with spreads from 0 pips and a $3.5 per-lot fee plus access to the full asset pool and FIX API, while Prime starts from $50,000 with 0-pip spreads, variable fees, and access to all broker features.
What do reviews say about the process of opening a trading account with VARIANSE?
According to the review, account registration with VARIANSE took about 20 minutes, and KYC verification was completed within 2 business days, with a minimum deposit of $500. The process is fully online and includes steps such as email confirmation, completing a live application, submitting personal and tax information, uploading identity documents, funding the account, and downloading MT4 or cTrader, although comments note that approval and registration may sometimes take longer than expected.
What feedback is available about VARIANSE customer support channels and availability?
The review notes that VARIANSE offers support via email, telephone, and live chat on the website and in the user account, with standard hours from Monday to Friday, 09:00–18:00 GMT, and live chat available around the clock. According to user comments in the review, response times are moderate and efficiency is generally high during working hours, but at night and on weekends support is accessible only through live chat.
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