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VARCHEV

United Kingdom|5-10 years|
Regulated in United Kingdom|Suspicious Regulatory License|MT4 Full License|United Kingdom European Authorized Representative (EEA) Revoked|High potential risk|

https://www.varchev.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Varchev-Demo

MT4
7

Influence

B

Influence index NO.1

Bulgaria 7.06

MT4/5 Identification

MT4/5 Identification

Full License

7
Server Name
Varchev-Demo MT4
Server Location

Influence

Influence

B

Influence index NO.1

Bulgaria 7.06

Surpassed 80.13% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+359 700 17 600
https://www.varchev.com/en/
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ
https://www.facebook.com/varchevlondon

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+359 700 17 600

English

+359 700 115 44

English

+44 20 8144 1497

Broker Information

More

Company Name

Varchev Finance Ltd

Company Abbreviation

VARCHEV

Platform registered country and region

United Kingdom

Company website
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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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VARCHEV · Company Summary

Aspect Information
Company Name VARCHEV
Registered Country/Area United Kingdom
Years 5-10 years
Regulation Unregulated
Market Instruments Cryptocurrencies, Forex, CFDs, Indices, Gold, Silver, Oil, Gas, and ETF
Trading Platforms MT 4 and MT5
Demo Account Yes
Customer Support Phone: Contact with dealer: +359 700 17 600, Varchev Exchange: +359 700 115 44, London Main Office: +44 20 8144 1497, World Financial Markets +359 700 17 600, and Livechat
Deposit & Withdrawal Wire Transfer, Credit or Debt Cards, PayPal, ePay.bg, Skrill, NETELLER, giropay, ukash, Itau, and Bitcoin
Educational Resources Stock Analysis, Forecases, Releases, Economic Calender, FX Daily Forecasts, Stocks Daily Forecasts, Commodities Daily Forecasts, Cryptocurrencies, Varchev Trading Club, Trading Ideas, Daily Accents, Varchev's Blog, Trading University, Market Rumours, FUndamental Analysis, and Great Traders

Overview of VARCHEV

VARCHEV, a company based in the United Kingdom, has been in operation for 5-10 years, operating in the financial market. Notably, the company operates in an unregulated environment.

It offers a lot of market instruments, including cryptocurrencies, Forex, CFDs, indices, gold, silver, oil, gas, and ETFs. Traders can engage with the market using the popular trading platforms MT4 and MT5, and a demo account is available for users to practice and familiarize themselves with the platform.

VARCHEV provides comprehensive customer support through various channels, including phone contact with dealers, Varchev Exchange, a London Mail Office, and World Financial Markets, along with live chat options.

The company facilitates deposit and withdrawal transactions through a variety of methods, including wire transfers, credit or debit cards, PayPal, ePay.bg, Skrill, NETELLER, giropay, ukash, Itau, and even Bitcoin. VARCHEV also places a strong emphasis on education, offering a plethora of resources such as stock analysis, forecasts, economic calendars, and daily forecasts for FX, stocks, commodities, and cryptocurrencies. Additional educational features include Varchev Trading Club, trading ideas, daily accents, Varchev's Blog, Trading University, market rumours, fundamental analysis, and insights from great traders.

Overview of VARCHEV

Regulatory Status

VARCHEV operates as an unregulated trading platform.

Regulation adds credibility to a financial institution, signaling to customers and stakeholders that the business adheres to industry standards and ethical practices. Without regulation, the institution may face challenges in building trust and credibility in the market.

Pros and Cons

Pros Cons
Multiple Market Instruments Unregulated Environment
Longer Established Presence Reduced Protection for Traders
Popular Trading Platforms Limited Transparency in Operations
Comprehensive Customer Support /
Extensive Educational Resources /

Pros:

Multiple Market Instruments: VARCHEV offers a wide range of market instruments, including cryptocurrencies, Forex, CFDs, indices, gold, silver, oil, gas, and ETFs, providing traders with options for investment.

  1. Longer Established Presence: The company has been in operation for 5-10 years, indicating an established presence in the market and potentially building trust among clients over time.

Popular Trading Platforms: VARCHEV offers the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their user-friendly interfaces and extensive features.

Comprehensive Customer Support: VARCHEV provides various customer support channels, including phone contact with dealers, Varchev Exchange, a London Mail Office, World Financial Markets, and live chat, offering multiple options for assistance.

Extensive Educational Resources: The platform offers a rich array of educational resources, covering stock analysis, forecasts, economic calendars, daily forecasts, trading clubs, blogs, and more, providing valuable insights for traders.

Cons:

Unregulated Environment: One of the significant drawbacks is that VARCHEV operates in an unregulated environment, which can potentially expose traders to higher risks due to the lack of regulatory oversight.

Reduced Protection for Traders: The lack of stringent regulation may result in reduced protection for traders, as regulatory bodies play a crucial role in ensuring fair practices and financial stability.

Limited Transparency in Operations: The platform may lack transparency in certain aspects of its operations, making it challenging for traders to fully assess the risks and benefits associated with the platform.

Market Instruments

VARCHEV offers a wide range of VARCHEV including Cryptocurrencies, Forex, CFDs, Indices, Gold, Silver, Oil, Gas, and ETF.

  1. Cryptocurrencies: Cryptocurrencies, like Bitcoin and Ethereum, are decentralized digital assets. Traders on VARCHEV can engage in cryptocurrency trading, taking advantage of price volatility in this emerging and dynamic market.

  2. Forex (Foreign Exchange): Forex involves the trading of currency pairs, such as EUR/USD or GBP/JPY. VARCHEV enables traders to participate in the largest and most liquid financial market globally, where currencies are bought and sold based on exchange rates.

  3. CFDs (Contracts for Difference): CFDs allow traders to speculate on the price movements of various assets without owning the underlying assets. VARCHEV offers CFD trading, providing flexibility and the potential for profit from both rising and falling markets.

  4. Indices: Indices represent a basket of stocks, reflecting the overall performance of a specific market. VARCHEV allows traders to engage in index trading, providing exposure to broader market trends rather than individual stocks.

  5. Gold and Silver: Precious metals like gold and silver are traded commodities known for their intrinsic value. VARCHEV facilitates trading in these metals, allowing investors to diversify their portfolios and hedge against economic uncertainties.

  6. Oil and Gas: VARCHEV provides trading opportunities in commodities like oil and gas. These markets are influenced by geopolitical events, economic indicators, and supply-demand dynamics, offering potential for profit through speculation on price movements.

  7. Exchange-Traded Funds (ETFs): ETFs are investment funds that hold a diversified portfolio of assets. VARCHEV allows traders to invest in ETFs, offering a convenient way to gain exposure to various markets, sectors, or asset classes in a single investment.

Market Instruments

How to Open an Account?

Opening an account with VARCHEV is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:

  1. Visit the VARCHEV website and click “Open Account.”

How to Open an Account?
  1. Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.

  2. Fund your account: VARCHEV offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.

  3. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.

  4. Start trading: Once your account is verified, you're ready to explore the VARCHEV trading platform and start making trades.

How to Open an Account?

Trading Platform

VARCHEV provides traders with access to two robust trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), each offering distinct functions tailored to meet the needs of users.

MetaTrader 4, known for its user-friendly interface, equips traders with advanced charting tools, automated trading capabilities through Expert Advisors (EAs), and essential risk management features. MT4 supports various order types, allowing for flexible execution strategies.

On the other hand, MetaTrader 5 enhances the trading experience with extended timeframes, an expanded set of technical indicators, and the inclusion of an integrated economic calendar for real-time event tracking. MT5 introduces hedging capabilities, enabling traders to hold both long and short positions concurrently, thereby providing greater flexibility in risk management. With a broader range of order types, including Buy Stop Limit and Sell Stop Limit orders, MT5 enhances precision in trade execution.

Trading Platform

Deposit & Withdrawal

VARCHEV offers a variety of deposit and withdrawal methods, each with its unique features to apply to the preferences of traders. Here's an introduction to the key characteristics of these methods:

  1. Wire Transfer: Wire transfer is a traditional method allowing direct bank-to-bank transactions. It is known for its reliability and global accessibility, making it suitable for larger transactions.

  2. Credit or Debit Cards: VARCHEV supports credit and debit card transactions, providing a convenient and widely accepted method for quick deposits and withdrawals. It offers ease of use and accessibility for traders.

  3. PayPal: PayPal is a widely used online payment platform known for its security and user-friendly interface. It allows traders to link their bank accounts or cards for transactions.

  4. ePay.bg: ePay.bg is an online payment system popular in Bulgaria. It enables secure and efficient transactions for VARCHEV users, particularly those based in the region.

  5. Skrill: Skrill is an e-wallet service offering quick and secure transactions. It allows users to fund their trading accounts without revealing sensitive financial information.

  6. NETELLER: NETELLER is an e-money transfer service providing a secure and straightforward way to deposit and withdraw funds. It is widely used in the online trading community.

  7. giropay: giropay is a popular online payment method in Germany. It facilitates fast and secure transactions, allowing VARCHEV users in Germany to easily fund their accounts.

  8. Ukash: Ukash, now part of Paysafecard, was known for prepaid vouchers. While its functionality may have evolved, the concept allows for secure and anonymous transactions.

  9. Itau: Itau is a bank in Brazil, and if supported by VARCHEV, it offers a direct and localized method for traders in Brazil to deposit and withdraw funds securely.

  10. Bitcoin: Bitcoin, a cryptocurrency, provides a decentralized and secure way to transfer funds. VARCHEV users can leverage the benefits of blockchain technology for cryptocurrency deposits and withdrawals.

Deposit & Withdrawal

Customer Support

VARCHEV places a strong emphasis on customer support, offering a wide range of communication channels to address traders' inquiries promptly and efficiently.

Users can engage directly with dedicated dealers by calling +359 700 17 600, facilitating real-time communication for personalized assistance and swift resolution of trading-related queries. For specific inquiries related to Varchev Exchange, a dedicated support line is available at +359 700 115 44. Traders can also connect with the London Main Office by dialling +44 20 8144 1497 for inquiries related to operations, support, or general information.

Additionally, thesupport line at +359 700 17 600 allows users to contact World Financial Markets, addressing queries related to global financial markets.

To provide instant assistance, VARCHEV offers a Livechat option, enabling real-time communication for addressing concerns, troubleshooting, or seeking general support.

Customer Support

Educational Resources

VARCHEV provides an extensive array of educational resources to empower traders with knowledge and insights, enhancing their understanding of the financial markets:

  1. Stock Analysis: VARCHEV offers in-depth stock analysis, providing traders with comprehensive evaluations of individual stocks. This resource aids in making informed investment decisions based on the performance and potential of specific companies.

  2. Forecasts: Traders can access forecasts that offer predictions on market trends, helping them anticipate potential price movements and market dynamics.

  3. Economic Calendar: VARCHEV's economic calendar provides a schedule of important economic events, releases, and announcements. Traders can stay informed about key events that may impact financial markets.

  4. FX Daily Forecasts: Daily forecasts specifically tailored to the foreign exchange (FX) market offer insights into potential currency movements, helping traders navigate the dynamic world of forex trading.

  5. Stocks Daily Forecasts: VARCHEV provides daily forecasts for individual stocks, aiding traders in making timely and well-informed decisions about their stock investments.

  6. Commodities Daily Forecasts: Traders interested in commodities can benefit from daily forecasts, offering insights into the potential price movements of commodities such as gold, silver, oil, and gas.

  7. Cryptocurrencies: VARCHEV's coverage of cryptocurrencies includes educational content on the volatile and rapidly evolving crypto market, helping traders understand the unique dynamics of digital assets.

  8. Varchev Trading Club: The Varchev Trading Club provides a community platform where traders can engage with each other, share experiences, and exchange ideas. It fosters a collaborative environment for learning and networking.

  9. Trading Ideas: VARCHEV offers trading ideas and strategies, providing inspiration and guidance for traders looking to explore new approaches to the market.

  10. Daily Accents: Daily accents highlight key market events, offering a concise overview of the most impactful news and developments to keep traders well-informed.

  11. Varchev's Blog: The blog section provides additional insights, market analyses, and expert opinions, offering a deeper understanding of various market trends and events.

  12. Trading University: VARCHEV's Trading University serves as an educational hub, offering a structured curriculum covering various aspects of trading, from basics to advanced strategies.

  13. Market Rumours: While awareness is advised, VARCHEV provides information on market rumours, allowing traders to be aware of speculative discussions that may influence market sentiment.

  14. Fundamental Analysis: Traders can delve into fundamental analysis, gaining insights into the factors influencing asset values beyond technical indicators. This includes assessing financial statements, economic conditions, and company performance.

  15. Great Traders: VARCHEV showcases insights from great traders, providing lessons and perspectives from successful individuals in the trading community.

Educational Resources

Conclusion

In summary, VARCHEV offers a lot with different market options, a long-established presence, popular trading platforms, solid customer support, and educational resources. However, it operates in an unregulated environment, which may mean less protection for traders. There's also a concern about limited transparency in how the platform operates.

FAQs

Q: What market instruments does VARCHEV support?

A: VARCHEV offers a load of market instruments, including cryptocurrencies, Forex, CFDs, indices, gold, silver, oil, gas, and ETFs.

Q: How long has VARCHEV been in operation?

A: VARCHEV has been established for 5-10 years, providing traders with a longer-established presence in the financial market.

Q: What trading platforms does VARCHEV use?

A: VARCHEV utilizes popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their user-friendly interfaces and advanced features.

Q: How can I get customer support from VARCHEV?

A: VARCHEV provides comprehensive customer support through various channels, including phone contact with dealers, Varchev Exchange, a London Mail Office, World Financial Markets, and live chat options.

Q: What deposit and withdrawal options are available on VARCHEV?

A: VARCHEV supports multiple deposit and withdrawal methods, including wire transfer, credit or debit cards, PayPal, ePay.bg, Skrill, NETELLER, giropay, ukash, Itau, and Bitcoin.

Q: Does VARCHEV offer educational resources for traders?

A: Yes, VARCHEV provides extensive educational resources, covering stock analysis, forecasts, economic calendars, daily forecasts for various markets, a trading club, blogs, and more.

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ExcellentER
more than one year
Customer service response is quick and commendable. However, providing new deposit account credentials after every payment is unnecessary and time-consuming. I waited 24 hours to receive the new credentials, missing out on a crucial setup opportunity. This could have a negative impact, leading to forced trades and potential account loss.
2024-01-10 10:25
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