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Varengold Reviews and Comments written by real traders

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  26 Oct 2023
In the vast realm of forex trading, where numerous institutions and platforms compete for customer trust, my personal experience with Varengold Bank was disappointingly below par. I found their services to be lackluster and had concerns about the bank's overall transparency and integrity. To begin with, I felt the bank could do a lot better when it came to the assignment of managers and client representatives. The ones I dealt with seemed either ill-informed or were not attentive enough to cater to my specific needs as a client. Proper communication is the cornerstone of any banking relationship, and it was here that I felt Varengold faltered. Often, the information relayed to me was either inconsistent or, at times, misleading, which made me question their honesty. What raised even more red flags was when I began to hear murmurs within the trading community about certain fund managers affiliated with Varengold. One name, in particular, forexportfolios, was frequently mentioned in discussions related to questionable practices. While I cannot personally confirm the extent of any alleged misconduct, such associations did make me uneasy about where I was entrusting my funds. Considering the significance of financial services in our lives, it's imperative for institutions to uphold the highest standards of ethics and expertise. Unfortunately, based on my experiences, I'm skeptical about whether Varengold Bank meets these benchmarks. In conclusion, while I always encourage individuals to do their own research and make informed decisions, I would advise potential clients to approach Varengold with caution. It's crucial to safeguard one's hard-earned money and only invest it where there's utmost trust and clarity.
  9 Oct 2023
Having ventured into trading with Varengold FX, I felt compelled to share my experience to help other potential traders make informed decisions. One of the primary concerns I encountered during my stint with Varengold FX was the apparent manipulation of quotes. On more than one occasion, I noticed discrepancies that caused significant financial losses on my part, amounting to roughly $10,000. This was no minor discrepancy that could be attributed to market volatility or standard deviations, but a consistent pattern that raised alarms. To ensure that I wasn't jumping to conclusions, I took the initiative to compare quotes from Varengold FX with those from other well-known brokers. The inconsistencies were glaring. While occasional discrepancies can be expected due to different liquidity providers or slight lags in technology, the differences I observed went beyond the norm. This led me to believe that the quotes from Varengold were not just atypical but might be intentionally distorted. It's essential for traders to have accurate and fair market data. Manipulated quotes can distort a trader's perspective, leading to misguided decisions and potential losses. Given the significance of this, my trust in Varengold FX waned rapidly. In conclusion, based on my personal experience and observations, I harbor reservations about Varengold FX's quotation practices. I believe in transparency and accuracy, especially in a field as intricate as forex trading. I would urge potential traders to exercise caution, conduct independent research, and possibly consider other more consistent platforms for their trading endeavors.
  20 Sep 2023
As a diligent investor, I always prioritize thorough research and due diligence when choosing platforms for my trading activities. Upon choosing Varengold FX, I felt optimistic, given the buzz surrounding them in the trading community. However, after spending over a year with them, I find it essential to share my genuine experience with potential and current users to provide a balanced viewpoint. One of the foremost areas where Varengold FX falls short is its customer service. During my time with them, I often felt that their response time was subpar, and the overall quality of support left much to be desired. An efficient customer service system is the backbone of any successful financial platform, and it's disheartening to see Varengold FX not meeting the expectations in this domain. A consistent challenge I faced was the slow trade execution speed. Time is of the essence in forex trading, where even a few seconds can make a significant difference in potential gains or losses. Regrettably, the slow execution often left me frustrated, causing me to miss out on profitable trading opportunities. Adding to the execution woes were the persistent re-quote messages. Such messages, while not uncommon in the forex world, seemed to appear far too frequently on Varengold FX, further diminishing the platform's reliability in my eyes. While I didn't personally experience terminal manipulation, I came across several reviews from traders expressing concerns about potential manipulation by Varengold FX. Although I cannot substantiate these claims, the volume and consistency of these concerns should warrant a closer look for anyone considering this platform. While every trading platform has its strengths and weaknesses, my experience with Varengold FX leaned more towards the latter. The issues with customer service, trade execution, and persistent re-quote messages significantly hampered my trading experience. Coupled with murmurs about potential terminal manipulation, I felt that the platform did not provide the level of trust and reliability I seek as a trader. I believe it's vital for potential traders to be informed about such experiences to make well-informed decisions. After all, the world of forex trading requires not just market expertise but also a dependable platform to realize one's financial goals.
  23 Aug 2023
I've been trading with Varengold for over a year now, and I've been quite impressed with the overall quality of service. Their platform is user-friendly, and the order execution is smooth. Though there have been a couple of minor hiccups, they've been quick to resolve them.
  8 Aug 2023
Withdrawing funds from Varengold is relatively straightforward. It typically takes about 2-3 business days for the funds to reflect in my account, which is on par with other brokers I've dealt with. I'd appreciate an even swifter process, but it's decent. Customer support is one of Varengold's strong suits. Their team is responsive, knowledgeable, and keen on addressing queries. I once had a technical issue, and they walked me through the resolution step by step. I like the range of trading tools Varengold offers. Especially the charting tools, they are comprehensive, allowing for in-depth analysis. As someone who relies heavily on technical analysis, these tools are invaluable.
  2 Aug 2023
The commission structure at Varengold is transparent, and their fees are competitive. I do wish they had a few more promotions or reduced fees for high-volume trades, but overall, it's reasonable. Having traded with multiple brokers over the years, Varengold ranks high in terms of reliability. Their platform rarely experiences downtime, and I've not faced any significant issues with trades not going through. The fact that Varengold is regulated and has a full-bank license adds a layer of trust. Knowing they adhere to German banking regulations provides peace of mind, especially in an industry where trust is paramount.
  20 Jul 2023
I've been generally satisfied with Varengold's order execution speed. Slippage is minimal, even during high volatility periods, which speaks volumes about their infrastructure. Varengold is transparent in its operations, with no hidden fees or charges. The analysis tools they offer are comprehensive and provide a deep dive into market trends and data. This has often given me an edge in my trades. I've found the Varengold trading platform stable, even during peak trading hours. Their partnership program is quite lucrative, and the range of tradeable assets ensures I can diversify my portfolio. If they could add a few more exotic pairs to their Forex offerings, it would be the cherry on top.
  14 Jun 2023
I started to get acquainted with forex with the help of this broker. Got trained by him. I've been trading with them for 3 years now. With varying success, of course, but in general in the black. I am quite satisfied with the quality of Varengold services. The fact that the money is being withdrawn slowly does not bother me at all. I know that they will be credited to my account in the end.
  14 Jun 2023
Good broker. I don’t even understand why there can be any claims against him. Slightly slows down with the withdrawal of funds - yes. But if you look at other brokers, then the withdrawal of funds is also far from fast. I really like the work of the trading platform in Varengold. I trade three strategies at once and there are no problems. Signals are also of good quality. But the conditions of the bonus promotion are of course very complicated. I doubt a newbie can handle them.
  13 Aug 2017
Very respectful company based in Germany. Regulated by BaFin and has no cases in violating regulatory rules. In addition, this is the bank that provides brokerage services so company has no reasons to risk its reputation by providing bad FX service. In my opinion, it’s one of the top reliable FX brokers in Europe.
  21 Jul 2016
Best thing that might happen when you get unfair price is you can fix it. It's not a big deal. Contact customer support and explain case in details your. No one will ignore you. When it happened to me and position was wiped out, i contacted support, provided them with screenshots and action was immediate. Sure, each case is different and it is annoying but fixable. Truthful and excellent.
Varengold Information and Review
Varengold

Founded in 1995, Varengold Bank AG is not just another bank; it stands as a paragon of German financial excellence. Nestled in the heart of Hamburg, it represents the epitome of sophistication and growth. As time elapsed, the bank's footprint broadened, extending its prowess by inaugurating a branch in Sofia. Pioneering the Future Our predominant concentration gravitates towards Marketplace Banking - a vibrant and promising dimension of the banking sphere. This dynamic domain primarily...

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