Varchev financial services is a Bulgarian company that offers Forex, Cryptocurrency, CFD, Indices, Gold, Silver, Oil and Gas, ETF and Binary Options trading.
Company. Fund security
The firm is regulated by the Bulgarian Financial Supervision Commission (FSC). The company can provide its services in the European Union thanks to the MiFID Directive. In addition, Varchev financial is registered with the FCA (number 494 045), which allows it to offer services in the United Kingdom of Great Britain.
Varchev Finance is a member of the Bulgarian Investor Compensation Fund, which covers up to 90% of the total amount in case of bankruptcy of a company, but not more than 40,000 leva (about 20,000 euros). The FCA notes that the financial services compensation service can also refund customers if the firm fails.
Trading conditions
A single account type is available in Varchev financial, trading conditions differ depending on which instrument the trader will trade.
The broker also offers a free demo account with virtual $ 10,000 so that clients can test trading with the company.
The company follows the NDD (No Dealing Desk) technology in its work, which reduces the risk of conflicts between the broker and traders.
Minimum initial deposit
Varchev financial does not set minimum deposit requirements. Therefore, clients have the right to choose how much they would like to start work with. At the same time, one should not forget that some online payment systems set minimum amounts for a transfer.
Spreads and commissions
For Forex trading, fixed spreads of 2 to 4 pips are offered, which is slightly above the industry average. The company does not charge any commissions or fees when trading Forex.
Leverage
Varchev financial provides a fairly high leverage, up to 1: 500. This is a great deal for many traders. The amount of leverage directly depends on the size of the down payment. The higher the deposit, the higher the leverage.
Trading platforms
Varchev financial has three trading platforms for traders to choose from: MetaTrader 4, MetaTrader 5 and XStation XTB. The latter is named Varchev Absolute Trader (VAT). For all terminals, you can download apps for Android and Apple devices.
The xStation platform was named "Best Trading Platform 2016" by the Online Personal Wealth Awards. The terminal offers fast order execution, technical, analytical and charting tools, social trading and many other options.
MetaTrader 4 is the most popular platform used by over 90% of traders. MetaTrader5 is its successor.
Training
Varchev Finance provides free training for traders: educational articles and free webinars. However, most of the information is only available in English. Clients can view the archive of past webinars on the website.
Bonuses
There are several bonus offers at once:
"Account" is charged when you open a new account. If a trader deposits more than $ 3,000, he receives a $ 250 bonus; if the trader deposits more than $ 10,000, he receives $ 1,000.
"CashBack" - the broker returns up to $ 500 from the loss of each client in the first day of trading.
"Friend" - a trader receives $ 100 for each new client brought to the company.
Support service
Varchev Finance has offices in London, Varna, Burgas and Sofia. Support can be contacted by phone, live chat and using the feedback form. The company has accounts on social networks: Facebook, Twitter, Google+, Youtube - where you can also follow the news.
The site has been translated into Russian, Bulgarian, English and Turkish.
Ways of payment
Varchev Brokers accepts customer deposits through bank transfers, credit and debit cards, as well as online payment systems Neteller, Skrill, uKash, giropay, itau, the Bulgarian online payment system ePay and PayPal. The company also accepts Bitcoin deposits.
Withdrawal of funds is carried out in the same way as the deposit was made.
Pros:
regulated broker; MT4; bonuses; high shoulder.
Minuses:
there are no teaching materials in Russian.
FAQ - BROKER QUESTIONS VARCHEVFINANCIAL
- Do trader reviews affect the rating of VARCHEVFINANCIAL?
- How to leave a review about VARCHEVFINANCIAL on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
- Can the broker VARCHEVFINANCIAL be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. VARCHEVFINANCIAL received a rating of 1 out of 5 on our resource.
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