Recently, I signed up for this broker through a referral from one person and opened a demo account with them. I am just thinking if you guys have any experience with the Varianse. They seems like FCA regulated and until now their customer support seems helpful but hadn’t deposited any money yet. Looking for the opinion here
There’s no “seems like” about that. Either your account is FCA regulated or it isn’t. You need to know that (not just that the broker is regulated) with certainty before sending money. 
If it is, well done and you can relax regarding about 95% of the serious “broker-problems” that people so often have. Good luck.
5 Likes
It’s been established for a decade and generally has a good reputation in the industry. But of course, as mentioned above, still check that your account is an FCA-regulated one before sending any funds!
4 Likes
Thanks for your opinion, Can you please tell me how to confirm if my account is FCA approved. I live in Dublin how can I get fca approved account.
1 Like
you can start off by asking them, are you sure they are still in business
1 Like
Definitely this, a broker with an FCA-regulated subsidiary can’t afford to lie to people about that.
(They’re still in business. I don’t use them but have heard in another forum that they’re perfectly ok.)
1 Like
I have an account with them, mainly using cTrader and the copy trade (although they do have MT4 also). Yes they are regulated and have been around for about 10 years which is always reassuring.
3 Likes
Their site was unavailable when I tried to access it earlier. I managed to set up an account with them, even though I’m located in the U. S. I’m aware my account is not FCA approved. It’s advisable for you to inquire with them and review your registration documents to find out which branch you’re opening an account with.
3 Likes
Thanks for sharing your feedback, I have just opened a live account with them and made a small deposit. I will be using c trader platform.
2 Likes
I think they are not available in US market
1 Like
Good luck there! (Very wise to use CTrader, IMO!).
2 Likes
I believe you misread my post, Their website was down for about ten minutes, and when I was able to access it, I successfully created an account with them. I am a citizen of the United States.
They don’t have many reviews for a business that has been around for that long. The reviews I could locate are mostly about the exorbitant costs associated with deposits and withdrawals.
4 Likes
Yeah, I think Varianse was more for pro traders before. Their minimum deposit used to be $500, but now it’s $100, which is better for beginners. They do have some fees. I did some comparsion on gpt and found this ChatGPT - Varianse vs FXCM Comparison
Broker fees for withdrawing your own money are a really big red flag, for me.
I understand that payment-processors can charge fees, and that your own bank might, etc. etc., but I think I’d be very uncomfortable being charged a fee by my own broker for withdrawing my own money. What kind of deal is that? 
1 Like
Online reviews can sometimes be paid or biased, so I don’t rely on them much. If I am looking for genuine feedback, I prefer to ask in specialist trading forums where real users share their honest experiences.
1 Like
How’s your experience so far with this broker? Are they good for beginners?
Until now my experience with them is pretty decent, I tried to trade few pairs with them. the execution is fast, slippage is good and also no withdrawals fees on wed day so everything look’s good.