Varna Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://varnatradefx.com/en/index, about the company's legal and temporary regulatory information, the company's address 96 WADSWORTH BLVD NUM 127-3255 LAKEWOOD, CO 80226 U.S.A.
Varna Trade Forex Broker
Basic information
United States
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Currently, the official website of Varna Trade(https://varnaspanadefx.com/en/index) is inaccessible.
Varna Trade Review SummaryFounded2011Registered Country/RegionUnited StatesRegulationUnregulatedMarket InstrumentsForex, Precious Metals, Crude Oil, Indices, Cryptocurrencies, CFD ContractsDemo Account×Leverage1:100 - 1:500SpreadFrom 0 pipsTrading PlatformST5Min DepositNot mentionedCustomer SupportPhone: Not providedEmail: support@varnatradefx.com24/7 Online Chat: NoPhysical Address: Empire State Building, New YorkVarna Trade Information
Varna Trade is a 2011-founded trade platform. Forex, precious metals, crude oil, indices, cryptocurrencies, and CFD contracts are among the extensive range of assets the platform provides for trading. Still, it's unregulated. Varna Trade uses the ST5 trading software and provides several account kinds but no demo account.
Pros and Cons
| Pros | Cons |
| Offers many asset (Forex, Precious Metals, Crude Oil, Indices, Cryptos) | Unregulated |
| High leverage options (up to 1:500) | No demo account available |
| Limited customer support (No phone or live chat) |
Is Varna Trade Legit?
Varna Trade is unregulated now.
What Can I Trade on Varna Trade?
Varna Trade offers forex, precious metals, crude oil, indices, cryptocurrencies, and CFD contracts.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious Metals | ✔ |
| Crude Oil | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| CFD Contracts | ✔ |
Account Types
3 account forms are offered by Varna Trade: Financial STP, Finance, and Comprehensive. There is no available demo account.
| Account Name | Details |
| Comprehensive Account | CFD-focused trading experience |
| Finance Account | Forex, commodities, and cryptocurrencies |
| Financial STP Account | Optimized for trade volume and efficiency |
Leverage
Varna Trade offers leverage from 1:100 to 1:500.
Varna Trade Fees
Varna Trade offers spreads starting from 0 pips. However, the exact commission is not mentioned.
| Account Type | Spread | Commission |
| Comprehensive Account | From 0 pips | Not specified |
| Finance Account | From 0 pips | Not specified |
| Financial STP Account | From 0 pips | Not specified |
Trading Platform
Varna Trade uses the ST5 trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| ST5 Platform | ✔ | Desktop (Windows, macOS), | Experienced traders seeking advanced tools |
| ST5 Platform | ✔ | Mobile (iOS, Android) | Traders on-the-go, not recommended for beginners |
| MT4 | × | ||
| MT5 | × |
Deposit and Withdrawal
Varna Trade does not mention specific information about deposit and withdrawal.
Rating Index
Varna Trade Similarly Rated Brokers
Latest Reviews
tanbao
South Africa
Good broker, low spreads (consistently) compared to other brokers, helpful assistance when required 24/7. Client platform good and easy to use. Would recommend highly to other traders thank u :)
Positive
2024-06-14
JackieSmith
Nigeria
I've been using Varna Trade for a few months now and I must say, it's been a really solid experience for the most part. Firstly, the trading platform is pretty impressive. It’s intuitive, feature-rich, and I’ve had almost zero downtime during my trading hours. If stability and usability are important to you, Varna definitely delivers in this area. One thing that I particularly appreciate about Varna Trade is their withdrawal process, it’s quick and straightforward. No unnecessary waiting time or hidden extra fees.
Positive
2023-12-01
Wenner
Kazakhstan
Varna Trade is fantastic for traders who want to learn and grow! They have an extensive range of education resources that are easy to understand and engaging. Plus, their account types are tailored to suit different traders' needs and preferences.
Positive
2024-07-11