VarenGold Bank AG Review 2021

VarenGold Bank AG Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
VarenGold Bank AG Review Screenshot

VarenGold Bank AG Guide - Read our In Depth VarenGold Bank AG Review

This VarenGold Bank AG review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

What is VarenGold Bank AG?

VarenGold Bank AG are a global online financial trading platform and multi asset broker founded in 2008

Over 13 years later VarenGold Bank AG has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

VarenGold Bank AG are a global broker. VarenGold Bank AG have a head office in Germany.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this VarenGold Bank AG review and assess how well the VarenGold Bank AG platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like VarenGold Bank AG can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of VarenGold Bank AG we breakdown the pros and cons. What VarenGold Bank AG are able to offer, what countries VarenGold Bank AG are available in. Who VarenGold Bank AG are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this VarenGold Bank AG review useful.

This review of the VarenGold Bank AG platform is very detailed. If you are interested in trading with VarenGold Bank AG in any capacity please take the time to read and research the whole VarenGold Bank AG review.

We have tried to explain the ins and outs of financial trading through the VarenGold Bank AG platform as plainly as possible so that you the trader are as informed as possible before you start to use the VarenGold Bank AG trading tools and depositing and withdrawing funds from VarenGold Bank AG.

Benefits of trading with VarenGold Bank AG

Open VarenGold Bank AG's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with VarenGold Bank AG like Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. you should have confidence in VarenGold Bank AG and know that the management of your financial investments on the VarenGold Bank AG platform is in good hands.

At the bottom of this VarenGold Bank AG review you can also learn about some pretty good alternatives to VarenGold Bank AG

With this VarenGold Bank AG review we hope to help you see if VarenGold Bank AG is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding VarenGold Bank AG that will help you get off to a good start in the world of online trading.

VarenGold Bank AG Review Table of Contents

VarenGold Bank AG review
VarenGold Bank AG is a Multi-Assets Trading Platform with over 248+ Assets

Learn more about VarenGold Bank AG. VarenGold Bank AG is a multi asset platform with 248+ tradable Assets. Assets available on VarenGold Bank AG include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

VarenGold Bank AG trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

VarenGold Bank AG review
Features of VarenGold Bank AG

VarenGold Bank AG review
What you should know

VarenGold Bank AG offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With VarenGold Bank AG you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with VarenGold Bank AG platform.

VarenGold Bank AG are able to accommodate various levels of traders whether you are experienced or a beginner.

VarenGold Bank AG review
Are VarenGold Bank AG safe?

When choosing a broker like VarenGold Bank AG the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 13 years VarenGold Bank AG have a head office in Germany.

VarenGold Bank AG is not regulated. This means VarenGold Bank AG are not supervised by any regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to VarenGold Bank AG, this will be honored.

Your capital is at risk

VarenGold Bank AG review
Is my money safe with VarenGold Bank AG?

Any payments funded to VarenGold Bank AG accounts by traders are held in a segregated bank account.

For added security VarenGold Bank AG use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should VarenGold Bank AG use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in VarenGold Bank AG deposited in a Tier 1 bank?

Having any money you deposit with VarenGold Bank AG means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if VarenGold Bank AG goes out of business for some reason.

Therefore, we can safely conclude that VarenGold Bank AG is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. VarenGold Bank AG also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding VarenGold Bank AG. let us look at the VarenGold Bank AG features in more detail.

Try creating two accounts when you are working with VarenGold Bank AG. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit VarenGold Bank AG

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How VarenGold Bank AG as a Company Compare Against Other Brokers

Broker varengoldbankag eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office Germany Cyprus, UK Australia Poland
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ VarenGold Bank AG users 17,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit VarenGold Bank AG Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

VarenGold Bank AG review
VarenGold Bank AG Pros and Cons

What we like about VarenGold Bank AG

  • Used by over 10,000 VarenGold Bank AG users and traders
  • Established in 2008
  • Min. deposit from $250

What we don't like about VarenGold Bank AG

VarenGold Bank AG review
VarenGold Bank AG Regulation and Licensing in more detail

VarenGold Bank AG are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like VarenGold Bank AG that are not regulated yet appear to be legitimate.

VarenGold Bank AG maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with VarenGold Bank AG you are not guarenteed help in a difficult situation.

  • Unregulated

VarenGold Bank AG review
Is VarenGold Bank AG Global?

Yes, VarenGold Bank AG is global as VarenGold Bank AG is available in over 194 countries.

VarenGold Bank AG is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries VarenGold Bank AG covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. VarenGold Bank AG has a total of more than 10,000 users.

VarenGold Bank AG review
VarenGold Bank AG Fees Explained

  • VarenGold Bank AG withdrawal fees varies on payment method
  • VarenGold Bank AG does charge a fee for inactive accounts.
  • VarenGold Bank AG does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How VarenGold Bank AG Fees Compare Against Other Brokers

Broker varengoldbankag eToro IC Markets XTB
Min Deposit 250 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

VarenGold Bank AG review
VarenGold Bank AG Minimum Deposit

VarenGold Bank AG require a minimum desposit of 250 GBP/USD when opening an VarenGold Bank AG trading account.

A minimum deposit is the minimum amount of money required by VarenGold Bank AG to open a new online brokerage account with them.

Dont be scared off by brokers like VarenGold Bank AG charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

VarenGold Bank AG review
VarenGold Bank AG Withdrawal Fees

VarenGold Bank AG withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

VarenGold Bank AG for example allow you to withdraw your funds to Credit cards, Neteller.

VarenGold Bank AG review
VarenGold Bank AG Inactivity Fees

VarenGold Bank AG does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

VarenGold Bank AG review
VarenGold Bank AG Desposit Fees

VarenGold Bank AG does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

VarenGold Bank AG review
VarenGold Bank AG Commission Fees

VarenGold Bank AG does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

VarenGold Bank AG review
What can you trade with VarenGold Bank AG?

Be aware that Different entities under VarenGold Bank AG Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with VarenGold Bank AG over 248 instruments infact.

If you are looking at trading currency pairs VarenGold Bank AG offer over currency pairs.

Compare VarenGold Bank AG with eToro and IC Markets below.

Your capital is at risk

How VarenGold Bank AG Trading Options Compare Against Other Brokers

Broker varengoldbankag eToro IC Markets XTB
Instruments Available 248 2000 232 4000
Platforms Desktop,Android,iPhone,Mac Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 57
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 2042 110 1696
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit VarenGold Bank AG
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

VarenGold Bank AG review
Trading on VarenGold Bank AG web platforms and other applications

VarenGold Bank AG offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

An VarenGold Bank AG IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

VarenGold Bank AG also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See VarenGold Bank AG's platforms

VarenGold Bank AG review
Is the VarenGold Bank AG Trading Platform Secure?

VarenGold Bank AG safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. VarenGold Bank AG also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating VarenGold Bank AG.

VarenGold Bank AG review
VarenGold Bank AG Trading Platform Options

VarenGold Bank AG does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

VarenGold Bank AG offer an their own custom trading platform developed and tested in house. The VarenGold Bank AG trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The VarenGold Bank AG platform allows traders to filter the financial marketplace for trade opportunities that match a criteria. With VarenGold Bank AG you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the VarenGold Bank AG platform including news and quotes. Discover possible trades with the strong charting tools found with VarenGold Bank AG. VarenGold Bank AG is available as downloadable applications or online through the cloud. Monitor your orders with VarenGold Bank AG and receive breaking news in your positions.

VarenGold Bank AG Trading benefits :

  • Offers STP
  • Low min deposit

VarenGold Bank AG Trading Accounts Offered :

  • Micro account
  • Zero spread account
  • ECN account
  • STP account

Can I try VarenGold Bank AG before I buy?

VarenGold Bank AG offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

VarenGold Bank AG withdrawal and funding methods.

Please note that the list of VarenGold Bank AG payment methods below depend on the VarenGold Bank AG Entity and the Clients Country of Residence.

All available VarenGold Bank AG payment methods available to you can be found in your VarenGold Bank AG members area checked on the VarenGold Bank AG website.

VarenGold Bank AG offer the below funding payment methods. learn more about VarenGold Bank AG

VarenGold Bank AG Payment Methods

  • VarenGold Bank AG accepts Credit cards
  • VarenGold Bank AG accepts Neteller
Broker varengoldbankag eToro IC Markets XTB
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

*please note available VarenGold Bank AG and other broker payment methods depend on the clients country of residence.

How can I start trading with VarenGold Bank AG?

When opening a trading account with VarenGold Bank AG, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on VarenGold Bank AG trading platforms here.

Your capital is at risk

Performing trades with VarenGold Bank AG

VarenGold Bank AG allow you to execute a minimum of trade of varies. This may vary depending on the account you open. VarenGold Bank AG allow you to execute a maxium trade of varies. As VarenGold Bank AG offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

VarenGold Bank AG Leverage and VarenGold Bank AG CFDs Explained

let's take a look at some of the basics of using VarenGold Bank AG leverage.

VarenGold Bank AG offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

VarenGold Bank AG leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the VarenGold Bank AG trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The VarenGold Bank AG leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

VarenGold Bank AG CFDs are typically used for short to medium term trades. For example VarenGold Bank AG intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education resources at VarenGold Bank AG

To trade effectively with VarenGold Bank AG, it's important to get a have a good understanding of the VarenGold Bank AG trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with VarenGold Bank AG and externally.

VarenGold Bank AG offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with VarenGold Bank AG.

Take time to look around the VarenGold Bank AG platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at VarenGold Bank AG

VarenGold Bank AG support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

VarenGold Bank AG have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. VarenGold Bank AG offer email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at VarenGold Bank AG

VarenGold Bank AG does not offer LiveChat Support.

Email Support at VarenGold Bank AG

We sent several emails to VarenGold Bank AG and answer times overall were excellent. The fastest response from VarenGold Bank AG was less than 40 minutes and the slowest response was 2 days. Support response times may vary for you with VarenGold Bank AG, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from VarenGold Bank AG.

Phone Support at VarenGold Bank AG

We called VarenGold Bank AG and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The VarenGold Bank AG phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual VarenGold Bank AG team by calling in varying languages. VarenGold Bank AG made an effort to make sure our queries were answered.

Overall the phone support from VarenGold Bank AG was average.

See how VarenGold Bank AG Support Compares Against Other Brokers

Broker varengoldbankag eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit VarenGold Bank AG Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with VarenGold Bank AG

As VarenGold Bank AG is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under VarenGold Bank AG Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore VarenGold Bank AG's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with VarenGold Bank AG you can visit the VarenGold Bank AG trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.varengold.de/ on January 20, 2021.

VarenGold Bank AG review
Is VarenGold Bank AG A Good Broker?

We spent over 3 months examining VarenGold Bank AG in depth. Although we found some very useful aspects of the VarenGold Bank AG platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative VarenGold Bank AG broker.

  • VarenGold Bank AG have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • VarenGold Bank AG has a history of over 13 years.
  • VarenGold Bank AG has a reasonable sized customer support of at least 10.
  • VarenGold Bank AG are regulated by Unregulated. This means VarenGold Bank AG fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • VarenGold Bank AG have regulation from a Tier 1 reputable country.
  • VarenGold Bank AG has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • VarenGold Bank AG have an international presence in multiple countries. This includes local VarenGold Bank AG seminars and training.
  • VarenGold Bank AG are able to hire people from various locations in the world who can better communicate in your local language.

VarenGold Bank AG Risk Disclaimer

Your capital is at risk

VarenGold Bank AG review
VarenGold Bank AG not quite right?

If after reading this VarenGold Bank AG review, VarenGold Bank AG does not fulfill your needs check out these VarenGold Bank AG Alternatives.

Click here to view the best VarenGold Bank AG Alternatives

We have spent years researching the best alternatives to VarenGold Bank AG. Click the links below to learn more.

If you feel some of the above VarenGold Bank AG are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of VarenGold Bank AG alternatives below.

VarenGold Bank AG review
Related VarenGold Bank AG Vs Comparisons

We have covered allot in this VarenGold Bank AG review, If you want to see how VarenGold Bank AG compares side by side with other brokers check out our VarenGold Bank AG Vs pages.

If you would like to see how VarenGold Bank AG stands up against other brokers you can read some of our VarenGold Bank AG comparisons below. We compare side by side some of our top rated VarenGold Bank AG versus comparisons. Read our indepth VarenGold Bank AG VS pages below.

VarenGold Bank AG review
VARENGOLD BANK AG Frequently Asked Questions

Read our detailed VarenGold Bank AG FAQ Section updated for 2021.

Can I try VarenGold Bank AG before I buy?

VarenGold Bank AG do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do VarenGold Bank AG accept?

Please note that the list of payment methods below depend on the VarenGold Bank AG Entity and the Clients Country of Residence.

VarenGold Bank AG offer the following funding payment methods Credit cards, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is VarenGold Bank AG safe?

While VarenGold Bank AG may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to VarenGold Bank AG accounts by traders are held in a segregated bank account. For added security VarenGold Bank AG use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Your capital is at risk

Is VarenGold Bank AG trading good?

VarenGold Bank AG is considered good and reputable to trade with VarenGold Bank AG. VarenGold Bank AG is used by over 10,000 active traders and VarenGold Bank AG users. VarenGold Bank AG offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with VarenGold Bank AG is 250.

Is VarenGold Bank AG trading Legit?

VarenGold Bank AG was founded in Germany in 2008. VarenGold Bank AG has been facilitating trade on the financial markets for over 13 years. VarenGold Bank AG offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to VarenGold Bank AG are held in segregated tier 1 bank accounts for security. VarenGold Bank AG is not regulated. Although this doesnt mean VarenGold Bank AG are awful, we recommend trading with regulated brokers.

Is VarenGold Bank AG a good broker?

VarenGold Bank AG is overseen by the top tier financial regulators Unregulated so can be considered a good broker. VarenGold Bank AG allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Is VarenGold Bank AG trustworthy broker?

While having many plus points because VarenGold Bank AG is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for VarenGold Bank AG?

The minimum deposit to trade with VarenGold Bank AG is 250.

How long do VarenGold Bank AG withdrawals take?

Withdrawing money from VarenGold Bank AG processing time varies but averages 2-5 days.

Is VarenGold Bank AG regulated?

VarenGold Bank AG is not regulated by a top tier financial regulator.

Is VarenGold Bank AG a market maker?

VarenGold Bank AG is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with VarenGold Bank AG?

When opening a trading account with VarenGold Bank AG, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on VarenGold Bank AG trading platforms here.

Is my money safe with VarenGold Bank AG?

VarenGold Bank AG is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like VarenGold Bank AG is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to VarenGold Bank AG, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is VarenGold Bank AG a con?

While we would noy say that VarenGold Bank AG is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with VarenGold Bank AG?

Although traders have had great success with VarenGold Bank AG. Trading on the financial markets with VarenGold Bank AG is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does VarenGold Bank AG have fees?

VarenGold Bank AG withdrawal fees varies on payment method. VarenGold Bank AG does charge a fee for inactive accounts. VarenGold Bank AG does charge deposit fees.

When was VarenGold Bank AG founded?

VarenGold Bank AG was founded in 2008.

How many people use VarenGold Bank AG?

VarenGold Bank AG is used by over 10,000 registered VarenGold Bank AG users.

What is VarenGold Bank AG Headquarters country?

VarenGold Bank AG has its head quarters office in Germany.

Does VarenGold Bank AG offer negative balance protection?

VarenGold Bank AG does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does VarenGold Bank AG offer guaranteed stop loss?

VarenGold Bank AG does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does VarenGold Bank AG allow scalping?

VarenGold Bank AG does not offer scalping.

Does VarenGold Bank AG allow hedging?

VarenGold Bank AG does not offer hedging.

Does VarenGold Bank AG offer CFD trading?

VarenGold Bank AG offers CFD trading.

Does VarenGold Bank AG offer STP?

VarenGold Bank AG offers STP trading.

How many people use VarenGold Bank AG?

VarenGold Bank AG is used by over 10000 VarenGold Bank AG users and traders.

Is VarenGold Bank AG an ECN broker?

VarenGold Bank AG offers ECN trading.

Does VarenGold Bank AG offer a demo account?

VarenGold Bank AG does not offer demo account.

Does VarenGold Bank AG offer an Islamic account?

VarenGold Bank AG does not offer Islamic accounts.

What are the funding methods for VarenGold Bank AG?

Please note that funding methods available with VarenGold Bank AG can be found in the VarenGold Bank AG Members area and depend on the VarenGold Bank AG client’s country of residence. Please check your specific available payment methods on the VarenGold Bank AG website. VarenGold Bank AG accept the following funding methods : Credit cards, Neteller.

VarenGold Bank AG review written by Andrew Blumer and Mark Hansen

We hope you found our review of the VarenGold Bank AG brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

VarenGold Bank AG review written by Mark Hansen of Comparebrokers.co