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Varianse Fees and Spreads

Varianse Fees and Spreads

 

 

Overall Rating

4.7/5

Rated #268 of 
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

FCA

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

45

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Varianse has commission fees start $2 with spreads from 0.1 pips.

Variance does not charge deposit fees but has withdrawal fees charged at $5. Varianse does not charge an inactivity fee.

Finding a reputable list about Varianse Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

Varianse spreads start from 0.1 pips with their Classic Account.

The spread list and fee schedule which is offered by Varianse is transparent as well as competitive. Fees, spreads, and commissions that traders can expect when trading with Varianse is as follows:

  • Traders can trade both mini and micro-lots and there are no overnight fees charged.

The Classic account provides:

  • Spreads start from 1 pip
  • No Commission
  • The minimum deposit is $500

The ENC Pro Account provides:

  • Spreads start from 0 pips
  • Commission $3.50/ lot
  • The minimum deposit is $5000

The Prime Account offers:

  • Spreads start from 0 pips
  • Commission $2/lot
  • The minimum deposit is $50 000

 

Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.

According to Varianse, short positions which are held overnight will be credited with swaps. These are calculated based on the one-month interbank rate minus 2%.

Should long positions be held overnight, traders will be debited with swaps. This is calculated according to the one-month interbank rate plus 2%.

For more information on the swaps that traders can expect, traders can consult the Varianse website. The broker makes adequate provision, where forex is concerned, to supply a breakdown of each forex pair and the swap long and swap short rates in pips.

Varianse makes provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus prohibited from earning or paying interest where the holding of open positions is concerned.

Varianse does offer spread betting and thus spread betting fees do apply.

 

Overall Rating

4.7/5

Rated #268 of 
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

FCA

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

45

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Variance does not charge deposit fees but has withdrawal fees for their clients.

Deposits

No charge on deposits

Withdrawals

A $5 fee is charged on withdrawals. Not specific if there are any inactivity costs.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

 

Pros and Cons

✔️ PROS  ❌CONS
Low spreads High minimum deposit
Well regulated Withdrawal fees
Award-winning broker
Competitive trading conditions
Islamic Account/Swap-free provided for Muslim traders

 

You might also like: Varianse Minimum Deposit

You might also like: Varianse Demo Account

You might also like: Varianse Sign up Bonus

You might also like: Varianse Account types

You might also like: Varianse Islamic Account

 

 

FAQ’s

 

How many instruments can I trade with Varianse?

You can trade the following financial instruments:

Over 100 tradable instruments through five asset classes including FX, Indices, Futures, Energies, and Metals, as well Spread Betting for UK clients, Varianse partners between traditional FX and CFD broking, and FinTech innovation.

 

Which platforms are supported by Varianse?

Metatrader 4 and Maxxtrader

 

Does Varianse offer leverage?

Yes maximum leverage of 1:200

 

What spreads can I expect with Varianse?

Spreads start from 1 pip.

 

Does Varianse charge commission?

Yes, commission starts at $2/lot

 

Is Varianse regulated?

Yes, Varianse is regulated by the FCA

 

Is Varianse a recommended forex trading broker for experts and beginners?

Yes. Varianse caters to both beginners and experts.

 

What is the overall rating out of 10 for Varianse?

7/10

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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