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Broker Reviews

Varchev Brokers

Tradomatix TrustScore™:

3.60

(5 Reviews)

5-star

40.00%

4-star

20.00%

3-star

20.00%

2-star

0.00%

1-star

20.00%

About Varchev Brokers

Varchev offers online trading in forex, CFDs on stocks, commodities, indices and cryptocurrencies through its platforms MetaTrader 4, MetaTrader 5 and its proprietary VAT (Varchev Absolute Trader). The broker notes more than 65 currency pairs and over 50,000 tradable instruments across major asset classes, and provides a demo account with virtual funds to support strategy testing.

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Regulation & Security

Varchev holds a regulatory licence from the Financial Supervision Commission (FSC) in Bulgaria (Licence RG-03-02-05/15.03.2006) and operates under European MiFID rules. The firm participates in the Investor Compensation Fund which covers up to Û20,000 per client in case of insolvency. However, it does not hold Tier-1 regulator status such as the FCA or ASIC.

Account and Setup

Account registration begins online with KYC verification and selection of a live trading account. For non-professional clients the minimum deposit is USD/EUR/GBP 200 (or BGN 400) while professional clients may open with no minimum deposit, subject to eligibility. A demo account is also available for testing.

Funding Options

Funding options include bank wire transfers, credit/debit cards and online payment systems such as PayPal, ePay.bg, Skrill, Neteller and Bitcoin. Withdrawal methods mirror deposit channels and negative-balance protection is disclosed for client accounts.

Bot & API Compatibility

Algorithmic trading is supported via MetaTrader 4 and MetaTrader 5; Expert Advisors, custom indicators and automated strategies may be deployed, and traders should verify server location and execution latency when using EAs.

Trading Conditions& Restrictions

Trading conditions vary by client type and instrument. For non-professional clients leverage caps at 1 : 30 for major forex pairs, while professional clients may benefit from up to 1 : 500. Minimum trade size begins at 0.01 lots, and fixed spreads on MT4 accounts historically ranged from 2-4 pips while VAT accounts reported spreads near 1 pip. Full details of stop-out levels, margin calls and swap fees are published in the brokerÕs instrument specifications.

Regulation & Security

Varchev holds a regulatory licence from the Financial Supervision Commission (FSC) in Bulgaria (Licence RG-03-02-05/15.03.2006) and operates under European MiFID rules. The firm participates in the Investor Compensation Fund which covers up to Û20,000 per client in case of insolvency. However, it does not hold Tier-1 regulator status such as the FCA or ASIC.

Account and Setup

Account registration begins online with KYC verification and selection of a live trading account. For non-professional clients the minimum deposit is USD/EUR/GBP 200 (or BGN 400) while professional clients may open with no minimum deposit, subject to eligibility. A demo account is also available for testing.

Funding Options

Funding options include bank wire transfers, credit/debit cards and online payment systems such as PayPal, ePay.bg, Skrill, Neteller and Bitcoin. Withdrawal methods mirror deposit channels and negative-balance protection is disclosed for client accounts.

Bot & API Compatibility

Algorithmic trading is supported via MetaTrader 4 and MetaTrader 5; Expert Advisors, custom indicators and automated strategies may be deployed, and traders should verify server location and execution latency when using EAs.

Trading Conditions& Restrictions

Trading conditions vary by client type and instrument. For non-professional clients leverage caps at 1 : 30 for major forex pairs, while professional clients may benefit from up to 1 : 500. Minimum trade size begins at 0.01 lots, and fixed spreads on MT4 accounts historically ranged from 2-4 pips while VAT accounts reported spreads near 1 pip. Full details of stop-out levels, margin calls and swap fees are published in the brokerÕs instrument specifications.

Varchev Brokers Reviews

( 5 )

Varchev Brokers Reviews

( 5 )
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