Varengold Bank FX: reviews and profiles
Varengold Bank : Varengold Wertpapierhandelsbank AG German investment bank that offers competitive prices, advanced technology, a variety of investment opportunities. The Bank is working with both institutional and private clients. Varengold was founded in 1995 and was the first German investment bank, which has focused on the management of futures, alternative investments and hedge funds. The founders of the bank were Yasin Sebastian Cresci (Yasin Sebastian Qureshi) and Steffen Fix (Steffen Fix). In 2000, the Bank entered into the top ten in the ranking of the publication International Traders Research. In 2005, the Bank issued a product HI Varengold CTA Hedge - the first German fund of hedge funds, which focus only on the managed futures sector. In its early Varengold Bank focused on the development of internal policies of managed futures. Today the bank is using the experience and manages funds of investors. Focuses on the evaluation and selection of external consultants from the CTA on the web. Varengold provides its services to more than 10,000 customers around the world, which daily business transactions in options, futures, contracts for difference and the market Forex. Minimum deposit of $ 2,500. Varengold Bank has various awards: in 2007, 2008 and 2009, the company received the title «The best German Fund of Hedge Funds» according to IBC Consulting for Institutional Banks, as «The € uro-Fund Award» in 2007, 2008 and HFR (Hedge Funds Review) in 2009. «Best Forex Broker In The Middle East» according to the Forex Expo Awards 2010
Varengold Bank holds contests for its customers. Recently the competition "Talent Search" where the prize pool is $ 300 000 to the management!
Company Varengold Bank FX has offices throughout Europe:
- Uzbekistan;
- Germany;
- United Arab Emirates;
- China;
- Switzerland.
Licenses of Varengold Bank FX:
The company is headquartered in Germany. In 2003, Varengold licensed the German Federal Office for Financial Services (BAFIN), number (109 520) 100. Varengold Wertpapierhandelsbank AG consists of the Compensation Fund companies that trade securities, Postfach 040347, 10062 Berlin. The company is registered in Germany, not in the offshore area. The company complies with the standards EdW - circuit protection complaints of investors, which was created under the law Einlagensicherungs-und Anlegerentschädigungsgesetz on July 16, 1998 The law investors pay compensation of up to 90% of the value of securities, but not more than 20 000 euros for every investor.
| Position | Paragraphs | Points |
| League | League 3 | |
| Year of creation | 1995 | 145 |
| Regulators | BaFin - 10
| 10 |
| Broker Awards | Forex Expo Awards 2010 - 10
| 10 |
| Local Branches | 0 | 0 |
| Branches worldwide | 1 | 2 |
| PR in the media | 0 | 0 |
| Rating vote Rector Masterforex-V Academy | 0.00 | 0.00 |
| Rating vote Academy students Masterforex-V | 0.00 | 0.00 |
| Rating vote of Internet users | 0.00 | 0.00 |
| The number of positive reviews online traders | 0 | 0 |
| Number of non-payment of profit traders | 0 | 0 |
| Number of traders claims | 3 | -6 |
| Spread EUR / USD | 1.00 | 10 |
| Spread GBP / USD | 2.00 | 5 |
| Spread USD / CHF | 2.00 | 5 |
| Spread EUR / GBP | 2.00 | 2 |
| Spread GBP / JPY | 2.00 | 10 |
| Traders contests, monthly prize ($ 1,000 = 1 point) | 0.0 | 0.0 |
| General points: | | 193.00 |
method of calculating the rating forex brokers >>>
- MetaTrader
- MetaTrader Mobile
- ZuluTrade
Education forex and stock trading :
- Varengold Bank offers training opportunities internet trading. To do this, the company's website has training video, as well as webinars. Training is offered in English.
Trading instruments and brokerage Varengold Bank FX:
- 38 currency pairs Forex;
- Contracts For Differences (CFDs)
- Forex spot;
- Spot Metals;
- CFD-Indices;
- CFD-Commodities;
- CFD-Germany;
- CFD-German30;
- CFD-Spain;
- CFD-Austria;
- CFD-Switzerland;
- CFD-Netherlands;
- CFD-France;
- CFD-Italy;
- CFD-Finnland;
- CFD-UK;
- CFD-US;
- CFD-US30.
Trading conditions of Varengold Bank FX:
- Leverage - 1:200;
- Margin - 0.5%;
- Fulfillment of orders through STP without representatives;
- Ability to protect the profits and losses;
- Spread from one point;
- Absence of costs and fees;
- 500 different CFD;
- Free access to the market from a mobile phone or iPhone;
- Free transfer service orders by phone;
- Guaranteed protection of investments;
- Minimum lot size - 0.1 lot;
- Contests for traders;
- Account funding is possible through PayPal, MasterCard, Visa, bank transfer;
- Withdraw the same way.
The Bank offers its customers the following types of accounts:
- Account Varengold Classic;
- Account Varengold Premium;
- demo account.
Advantages of:
- protection of clients' investments;
- money competitions.
According to Internet users and students of the Masterforex-V Academy work Varengold Bank can be divided into two categories: positive factors of the organization and negative.
Disadvantages of:
Negative Internet users and students of the Masterforex-V Academy carried:
- disruptions of the terminal;
- received direct quotes from interbank the terminal MetaTrader, this, in turn, carries the risk of expansion of spreads with sharp movements in the market;
- little information in Russian.
The presence in the "black list brokers":
- Varengold Bank does not appear in the black list of Forex brokers, however, the assessment Academy students about the cooperation with the bank is negative. Facts unpaid profits were recorded.
Voting and feedback traders in the forex broker rating about Varengold Bank FX:
- students at Masterforex-V Academy
- Internet users
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