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, OANDA and FOREX.com, 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.
- Low minimum deposit
- Tight spread ECN account
- Standard account with balanced trading conditions
- No Cent account
- No VIP account option
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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 measures are mentioned in reviews of its security?
VARIANSE has a safety score of 9.5/10 and is regulated by the FCA in the UK (Tier-1), the LFSA in Malaysia (Tier-2), and the FSC in Mauritius (Tier-3), with FCA regulation including an investor protection fund of up to £85,000. The broker was founded in 2014 and requires KYC verification, but the review notes that negative balance protection is not provided, which may affect risk management for some clients.
What trading and non-trading fees are highlighted for VARIANSE and what comments are made about its cost structure?
The review notes that VARIANSE has a medium overall fee level with a score of 7/10, featuring low Forex trading fees, tight EUR/USD spreads, no inactivity fee, and no withdrawal fee, while deposit fees range from 0% to 3.9%. For Standard accounts, EUR/USD spreads typically range from 0.2 to 1.1 pips, and on RAW/ECN accounts the average EUR/USD spread is 0.1 pips with a $3.5 commission per lot, though spreads may widen during high volatility.
What do user reviews and feedback indicate about overall satisfaction with VARIANSE?
VARIANSE has a user satisfaction score of 5.7/10 based on 6 reviews, with 33% of ratings at 4 stars, 33% at 3 stars, and the remaining split between 2-star and 1-star reviews. According to user reviews, overall sentiment is mixed rather than strongly positive or negative.
Which markets and tradable assets are available on VARIANSE according to platform data and user comments?
The review states that VARIANSE offers 200 tradable assets, including 60 currency pairs, as well as stocks, commodity futures, cryptocurrencies, and stock indices, but no options. It also notes that bonds, ETFs, copy trading, PAMM investing, and managed accounts are not available, and that the overall selection is described as limited compared with the market average.
What are the main steps and user feedback points about opening a trading account with VARIANSE?
Account opening at VARIANSE is fully online, took 20 minutes to register in the test, and KYC verification was completed within 2 business days, with a minimum deposit of $500. The review describes a multi-step process involving registration, verification document upload, funding, and platform download, and comments that while the procedure works as expected, account approval and registration may take longer than some users might prefer.
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