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Varengold Bank FX

Average Customer Rating: (based on 9 reviews)

(3.7 stars vs. 3.3 category average)

Your Rating: (write review)

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Recommendations by Profile:

Casual Trader
1 of 1
100%
Intermediate Trader
4 of 5
80%
Expert Trader
2 of 3
67%
All Traders 7 of 9 78%

Recommendations by Usage Length:

A month or less
0 of 2
0%
1 - 3 months
2 of 2
100%
3 - 6 months
2 of 2
100%
6+ months
3 of 3
100%
All Traders 7 of 9 78%

Characteristics:

Pros:
Low spreads, Easy-to-use platform, Good customer support, Fixed spreads, Solid trading platform, Good transaction reporting
Cons:
Slow cash withdrawal process

Description:

"Varengold Bank FX" is an online Foreign Exchange Trading Service provided by Varengold Investment Bank AG (Varengold Wertpapierhandelsbank AG).

Single Review: (view all 9 reviews)

kevdragons
kevdragons

Intermediate Trader

contented with this broker

5/22/2009

3 of 3 customers found this helpful (100%)

Pros:
None
Cons:
None
Bottom Line:
Yes, I would recommend this to a friend
Quote:
I’ve had a live account with this bank since 2008. Strange how I keep reading a lot of negative feedback complaining about slippage and spreads but in my experience I have never received any requotes or any type of problems at all. I’ve asked them about the spreads too but now I know it’s because of the current economic crisis and that it will go down again when things go back to normal.

Anyway, I’m contented with this broker and would recommend them.
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