Trade Forex Trading

Forex Broker Ranking Germany Based Forex Trading Broker Review

Below is a Forex review of online forex broker  broker is based in Germany. Below is a list of the most common review questions that traders ask about this online forex broker.


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Where is currency broker based

VarenGoldBankFX is based in Germany, its address is:


Grosse Elbstrasse 27 
22767 Hamburg 


Is a licensed and regulated Forex broker

Review details of the license, registration and regulation of this FX broker can be found on website and also on the brokers’ website.


Regulated in Germany by the Federal Financial Supervisory Authority License number (109 520) 100


What is the execution method of

STP, Straight Through Processing Instant Execution of orders.



What are the spreads of

The Forex broker spreads are:






2 pips


3 pips


2 pips


3 pips


Spreads may vary depending on account type and volatility.


Financial Instruments provided for trading by








What are the account types of online broker

  • Varengold Classic Account
  • Varengold Premium Account


Does have Islamic Forex Trading Accounts

No, VarenGoldBankFX does not provide a swap free Islamic trading Account.


What are the terms for demo trading accounts for

Unlimited time demo account is provided for practice currency trading


How is the withdraw and deposit process of

Deposit and withdraw methods are available upon login onto the trader’s account area where a trader can specify the deposit method and withdraw method for transferring funds.


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What is the minimum account opening capital for

$2,500 dollars is the minimum account opening deposit balance.


  • Varengold Classic Account - $2,500
  • Varengold Premium Account - $25,000


Does give an account opening deposit bonus

No, VarenGoldBankFX does not give an account opening deposit bonus.


What is the security and reliability of

What is the Forex broker ratings for security and reliability

VarenGoldBankFX is regulated in Germany by the Federal Financial Supervisory Authority and has a very high rating for security and reliability of deposited funds.

VarenGoldBankFX keeps client money in segregated bank accounts.

VarenGoldBankFX is also a member of Compensatory Fund of Securities Trading Companies in Berlin that guarantees trader deposits up to a maximum of EURO 20,000.


Does accept scalping

VarenGoldBankFX allows forex scalping trading.


Does give free trader education to currency traders

This broker provides learn currency trading education for learn trading online.


VarenGoldBankFX provides a learn forex trading academy where traders can learn how to start trading, what is day trading, CFD trading tutorials, Video tutorials and expert analyst training.


What are the trading platforms of currency broker


Mobile Trader




Is a MetaTrader 4 Forex broker provides metatrader4 software which is the best tradin platform according to traders reviews.

This trading platform MetaTrader 4 can be downloaded from the broker’s website.



Does allow automated forex trading

The broker automated trading policy on automated forex trading is:


VarenGoldBankFX allows Expert Advisors automated forex trading on their metatrader4 platform.

Traders can also automate their trading using ZuluTrade and FXSTAT trading platforms provided by this broker


What are broker website sections

The website sections of this trade broker are:


Forex Trading Accounts Section: where currency traders will find information about forex accounts such as demo practice account and live accounts provided by this currency broker. Traders wanting to start trading can open an account from this section.


Contact Section: there is a section of contacts for this fx trading broker, where an fx trader can contact this  online broker.


Forex Trading Platforms Section: this section provides currency platforms where a trader can choose one for trading online.


CFD trading section: for information about CFD trading, Shares, Indices, commodities including information about what is CFDs and information of how to trade CFDs.


Regulated Broker

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