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Varengold Bank FX

Varengold Bank FX

Varengold Bank FX has CEASED TRADING

Company Details

Headquarters Hamburg, Germany
Type of Broker STP
Founded 1995
Regulated By BaFIN (Germany)
Offices In Germany, United Arab Emirates, China, Lebanon
Supported Languages English, German, Spanish, French, Chinese, Arabic, Farsi, Russian
ESMA Regulation ? This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article

Account Details

Account Currencies EUR, USD
Minimum Deposit $2500
Traders from USA No
Clients Funds Segregated Yes
Interest on Margin Yes
Islamic Accounts Yes
Islamic Account Restrictions No
ECN / STP Accounts Offered No
Commission on STP or ECN 0
VIP Accounts Offered Yes
VIP Account Requirements $25,000 Minimum Deposit
Mini Accounts Offered No
PAMM / MAM Solutions Yes
API Solutions Yes
Mobile Trading Yes
Web Based Trading No
Funding Methods Credit/Debit Cards ,Wire Transfer ,Skrill ,PayPal
Withdrawal Methods Credit/Debit Cards ,Wire Transfer ,Skrill ,PayPal

Platform Details

Platforms Offered MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader iOS
NO of Pairs 38
Cryptocurrency Trading No
Pricing Digits 5
Trade off Charts Yes
One-click Execution Yes
Email Alerts No
Mobile Alerts No
MetaTrader Server Time (Winter) GMT + 0
Demo Account Expiry 4 Weeks
VPS Offered No

Trading Details

Dealing Desk No
Maximum Leverage 200:1
Minimum Contract Size 0.1
Execution Market Execution
Hedging Yes
Scalping Yes
Scalping Restrictions No
Option of OCO No
Option of FIFO No
Negative Balance Protection No

Additonal Instruments

CFD's Yes
Metals Yes
Oil Yes
Stocks Yes
Futures Yes
Indices Yes

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Typical Spread on Majors

 
EUR/USD 2.5
GBP/USD 3
USD/JPY 2.7
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