VARCHEV Forex Broker

VARCHEV Review SummaryFounded2000-01-24Registered Country/RegionUnited KingdomRegulationRevokedMarket InstrumentsForex, CFDs, Indices, Cryptocurrencies, Gold, Silver, Petrol, Gas, ETFs, etc.Demo Account✅Leverage1:1-1:500 (Forex)SpreadFrom 0.1 pipsTrading PlatformMT4, MT5, and Varchev Absolute TraderMin DepositNo minimum initial depositCustomer Support+44 20 3769 1886+359 700 17 600 (World Financial Markets)Varchev Exchange (Varchev Exchange)Facebook, Twitter, YouTube25 Canada Square, Level 33, Office 50, Canary Wharf, London, E14 5LQVARCHEV Information As a trading platform with 30 years of experience in the financial market, Varchev provides investors with a rich variety of trading instruments, covering popular areas such as foreign exchange, cryptocurrencies, CDFs, and indices, meeting the diverse needs of different investors. It supports mainstream trading platforms like MT4 and MT5, with spreads starting as low as 0.1 pip, giving it competitive trading costs. At the same time, it has launched attractive bonus activities for professional clients, such as cash rewards for account opening, loss compensation, and referral rewards for friends.Pros and ConsPros Cons No minimum initial depositRevokedOver 50,000 financial instrumentsNo 24/7 customer supportMT4 and MT5 availableLimited account typesLeverage up to 1:500 (Forex)Demo accountIs VARCHEV Legit? Since the United Kingdom left the European Union on January 1, 2021, Varchev Finance EOOD has terminated its registration with the Financial Conduct Authority (FCA) in the UK, and its passport number is UK-Registration Number: 494 045. Varchev Finance Ltd claims to be authorized and regulated by the Financial Supervision Commission in Sofia, Bulgaria, with a license number of RG-03-02-05 / 15.03.2006. However, there is no clear proof of information found.What Can I Trade on VARCHEV? VARCHEV provides various trading instruments, including cryptocurrencies, foreign exchange, contracts for difference, indices, gold, silver, gasoline, natural gas, ETFs, and more.Tradable Instruments Supported Forex✔CFDs✔Indices✔Cryptocurrencies✔Gold, Silver✔Petrol, Gas✔ETFs✔Account Type Traders can open a demo account with a virtual amount of $100,000. For investors who want to open a real account online, they need to fill out an application form and submit a copy (either scanned or taken with a mobile phone) of both sides of their ID card, as well as copies of bills for water, electricity, heating, or bank account statements. The process of opening a trading account concludes with the customer depositing funds via bank transfer (there is no minimum deposit requirement). After the customer's identity is confirmed, Varchev Finance will send a confirmation email containing security information and a login password.VARCHEV Fees Varchev offers spreads starting from 0.1 pip, low-cost stock trading starting from $5 per trade and $0.03 per stock, and there is no commission for Contracts for Difference (CFDs) on MT4 and MT5.Leverage Forex traders can choose their preferred margin/leverage level, ranging from 1:1 to 1:500.Trading Platform VARCHEV supports a variety of trading tools, including the MT4 and MT5 platforms, which are popular among traders. Traders can choose to use them on operating systems such as MAC OS and LINUX, as well as on mobile devices. In addition, there is the Varchev Absolute Trader, a mobile trading application suitable for tablets and smartphones running iOS or Android.Trading PlatformSupported Available Devices Suitable for MT4✔MAC OS, LINUX, and MobileBeginnersMT5✔MAC OS, LINUX, and MobileExperienced tradersVarchev Absolute Trader✔Varchev Absolute TraderAll TradersDeposit and Withdrawal Both deposits and withdrawals support online transactions and bank transfers. Specific payment methods include Wire Transfer, credit cards, PayPal, Skrill, NETELLER, giro pay, ltaú, bitcoin, etc. Traders can apply for cash withdrawals by phone, email, fax, online chat, or by visiting the office of Varchev Finance in person. If carrying cash, you can go to any of the offices in Sofia and Varna between 9:00 a.m. and 6:00 p.m. on working days. The addresses are as follows: Sofia - “Tzar Samuil” street N1 at the corner of Patriarch Euthymius. Varna - “Vladislav Varnenchik” boulevard 186, Floor: 4, office: 4.035Bonus VARCHEV offers a variety of bonus activities, which are only applicable to professional clients. Reward for “Clients” bonus - There are cash rewards for opening an account, and the rewards are as shown in the following table. Bonus of “Cash Rebate” - The company will compensate new clients with $500 for the losses incurred on the first trading day; after the first trading period, if the negative result of the closed positions is less than $500, the balance will be refunded to the original amount. Additional “Friends” bonus - If you recommend a friend to open a new account, both parties can receive a reward of $100.Account Amount Cash RewardMore than $3,000$250 in free cashMore than $10,000$1,000 in free cashMore than $50,000Need to call for a face-to-face conversation to obtain a special VIP bonus