VARIANSE Review: Traders Raise Deposit & Withdrawal Issues and High Commission & Swap Charges

Are you losing both while depositing and withdrawing your capital at VARIANSE? Does the broker give the currency conversion rate excuse for this? Have you been trapped with spreads charged higher than promised? Do you bear steep commission and swap charges at this broker? Traders frequently report these trading issues online. In today‘s VARIANSE broker review, we have shared some trading complaints that have grabbed everyone’s attention. Take a look.

Top Trading Complaints Against VARIANSE

Deposit & Withdrawal Discrepancies

A trader has pointed out a massive flaw in how VARIANSE goes about crediting the deposit amount into the forex trading account and the withdrawal amount it allows for its clients. The deposit amount that reflects in the account remains less than the actual sum deposited. Whereas the withdrawal amount allowed is less than the amount applied by the trader. The broker attributes this as the currency conversion rates. Besides, the trader has also complained about the slow trade execution speed and higher spreads than promised. Check out this complaint to know more about the matter.

No Profit-making Scope, Allege Traders

The hidden charges on both deposits and withdrawals, combined with steep commission and swap charges, make most trades unprofitable for traders. As per the trader, VARIANSE ranks among the brokers with the highest commission and swap charges. The trader even recounted his own story and how it resulted in a loss through this VARIANSE review snapshot.

Regulatory Concerns Also Raised by the Trader

While one trader recounted a good trading environment offered by VARIANSE with its MT4 platform, he found that the broker‘s FCA regulatory license is a clone. The trader rightfully confirmed this from the FCA’s official website. This made the trader share this VARIANSE broker review.

A Comprehensive VARIANSE Broker Review by WikiFX - Score & Regulatory License Update

The trading irregularities exposed by traders were strong enough for us at WikiFX to introspect the broker and its modus operandi. The team found that VARIANSE was not a verified forex broker, leading to its paltry score of 2.43 out of 10. The UK-based forex broker, whose operations span over five years, may have victimized many traders with its alleged trading activities. As a precautionary advisory, we at WikiFX urge traders to stay away from trading with unregulated entities such as VARIANSE.

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