VARIANSE at a glance
VARIANSE is a trading name of VDX Derivatives, an Investment Dealer authorised and regulated by the FSC of Mauritius. Established in 2015 and headquartered in London, it offers MT4 and cTrader for forex and CFDs.
VARIANSE reports a founding year of 2015 and a head office in London, UK (Mayfair); Port Louis, Mauritius entity. It lists 3 regulators and 5 trading platforms.
BrokerBazaar verdict
Our research team has not yet published a written verdict for VARIANSE. The BrokerBazaar Intelligence Score is 77/100 (moderate risk), computed from regulatory, operational, transparency, reputation and domain-history signals. Scores are editorial assessments, not user ratings, and are never influenced by payment.
Legal entities, regulation and licences
VARIANSE operates through 4 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by moderate-tier regulators only.
Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
VARIANSE states that it accepts clients from Mauritius, United Kingdom. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: 1:500 leverage is not available to UK retail clients because FCA restrictions apply.
Trading products, platforms and account types
Instruments: Forex, Metals, Energy, Indices, Equities, Cryptocurrencies, CFDs. Platforms: MetaTrader 4, cTrader, FIX API, Web Trading, Mobile Trading. Account types: Classic, ECNpro, Prime.
Best-for tags assigned by our team: Forex, Advanced, Multi-Asset.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $500. Spreads start from 0.0 pips (raw) and commission is From $5 per lot round turn. Maximum leverage is 1:500, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit Card. Withdrawal methods: Bank Transfer, Credit Card.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: FSC Mauritius: Segregation of client funds expected under licence terms. Compensation: No central compensation scheme.
Complaints and dispute process
Formal complaints: service@varianse.net. Phone: +230 5297 0989. Complaints must be made in writing using the relevant complaint form and submitted to service@varianse.net. The Support Department acknowledges receipt within five working days, registers qualifying complaints with a unique reference number, investigates the matter and communicates the outcome. Verbal complaints are not accepted as formal complaints.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: FCA-regulated UK entity
- Strength: Mauritius FSC Investment Dealer licence
- Strength: Established in 2015
- Strength: ECN/STP/DMA execution model
- Strength: Spreads from 0 pips on ECNpro
- Strength: Classic account from $100
- Strength: Leverage up to 1:500 where permitted
- Strength: MT4 and cTrader
- Strength: FIX API access
- Strength: Copy trading
- Strength: MAM/PAMM facilities
- Strength: Institutional and Prime solutions
- Strength: Segregated client funds stated by the company
- Strength: Barclays banking relationship stated by the company
- Limitation: 1:500 leverage is not available to UK retail clients because FCA restrictions apply
- Limitation: Regulatory protection varies by entity
- Limitation: SVG registration is not equivalent to a forex-broker licence
- Limitation: Former Labuan LFSA licence was surrendered in August 2025
- Limitation: External review sample is relatively small on Trustpilot
- Limitation: Forex Peace Army reviews include complaints about fees, slippage and withdrawals
- Limitation: TrustFinance contains stale regulatory-status information
- Limitation: Prime account requires $25,000 minimum deposit
- Limitation: ECNpro charges commission in addition to the spread
Who this broker suits, and who it does not
VARIANSE is most relevant to traders looking for: Forex, Advanced, Multi-Asset.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
VARIANSE change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for VARIANSE yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about VARIANSE
Data sources. Broker submission, the regulator registers linked above, VARIANSE / VDX Derivatives official regulation page (FSC Mauritius licence C118023323), web-archive and domain records, and third-party traffic data. Last register check 2026-07-26. External ratings: Trustpilot 4.3/5; WikiFX 6.96/10; Forex Peace Army 3.888/5; Google Play Store N/A/5; Apple App Store N/A/5; Verify.Trading Global Rating 91/100.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with VARIANSE. How we make money. Trading leveraged products carries a high risk of loss.