VARCHEV is a forex broker established in 2000, headquartered in Bulgaria, offering a broad range of financial services aimed at providing comprehensive financial solutions to its clients. Since its inception, VARCHEV has accumulated a wealth of experience in the financial industry, dedicated to meeting the diversified needs of investors and traders.
Corporate Background
As a forex brokerage, VARCHEV was registered on January 24, 2000, with the entity details of VARCHEV FINANCE EOOD, headquartered at BULGARIA, 9000 Varna, 186 Vladislav Varnenchik Blvd., fl. 3. The company offers a wide range of financial services, including forex trading, investment banking, financial instrument trading, and real estate transactions. Furthermore, the company adheres to a focus on work, career, clients, and prosperity, ensuring all actions are loyal to this philosophy.
Regulatory Information
VARCHEV is regulated by the Financial Supervision Commission (FSC) of Bulgaria. Compared to some other regulatory bodies such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, the FSC of Bulgaria may have a lesser degree of regulation. This might mean that the regulatory rules and regimes of this regulatory body may not be as strict as those of other well-known regulatory authorities, implying potentially lower regulatory oversight on the brokerage.
Trading Products
VARCHEV offers trading products including cryptocurrencies, forex, Contracts for Difference (CFDs), indices, gold, silver, oil, natural gas, and ETFs.
- Cryptocurrencies: Digital currencies that utilize encryption technology for secure transactions and operate independently of central banks. Bitcoin, Ethereum, and Litecoin are among the most well-known cryptocurrencies.
- Forex: The forex market is one of the largest financial markets globally, involving the trading of various currencies. Forex trading typically involves buying one currency while selling another.
- Contracts for Difference (CFDs): A financial derivative that allows investors to trade on the price movement of assets without actually owning the asset.
- Indices: Represent a standard measure of a group of stocks, bonds, or other assets. Trading indices allows investors to gain exposure to the entire market or specific sectors.
- Gold and Silver: Precious metals widely used for investment and hedging. Investors can trade gold and silver through the spot market, futures market, or Exchange Traded Funds (ETFs).
- Oil and Natural Gas: Key energy commodities with significant importance in the global economy. Investors can trade oil and natural gas through futures markets or CFDs.
- ETFs: Exchange Traded Funds represent an index, commodity, bonds, or a basket of assets. ETFs trade similarly to stocks, allowing investors to buy and sell ETF shares on stock exchanges.
Trading Software
VARCHEV chiefly provides users with Meta Trader4, Meta Trader5, and Varchev Absolute Trader as its trading software.
- MetaTrader 4 (MT4) is a popular trading platform, extensively used for forex and CFD trading. It offers powerful charting analysis tools, technical indicators, automated trading features, and a wide array of market indicators. MT4 also supports Expert Advisors (EAs) and custom scripts, enabling traders to automate trades according to their strategies.
- MetaTrader 5 (MT5) is an upgraded version of MT4, offering a broader array of trading tools and features. Beyond forex and CFD trading, MT5 also supports stocks, futures, options, and cryptocurrency trading. It features more charting and analysis tools, additional timeframes, depth of market analysis, and comes with an integrated economic calendar and news sources.
- Varchev Absolute Trader is a proprietary trading platform offered by Varchev Finance Ltd, designed to meet investors' needs for innovative and personalized trading tools. It provides a user-friendly interface, powerful charting tools, real-time market quotes, custom indicators, and technical analysis tools. Varchev Absolute Trader also supports smart trading and automated strategies, providing extensive market coverage including forex, stocks, futures, and indices.
Account Registration
VARCHEV's official website provides links for live account registration with the following method:
Firstly, open the VARCHEV official website, then click "OPEN DEMO ACCOUNT" or "OPEN REAL ACCOUNT".
Then simply follow the steps to complete the account registration.
Account Types
VARCHEV mainly offers REAL ACCOUNT-type accounts. When opening a new account, the minimum deposit requirement is 200 dollars/euros/pounds, or 400 Bulgarian lev. Orders start from 0.01 lots, and the minimum to maximum leverage is up to 1:500.
Deposit and Withdrawal Methods
VARCHEV provides a variety of deposit and withdrawal methods, including but not limited to Visa, MasterCard, Maestro, PayPal, NETELLER, etc. Each payment method has its features and choosing which one to use often depends on user preference, security, convenience, and payment scenario.
Customer Support
VARCHEV supports multiple contact methods, including phone support, email support, and online chat. Users can contact the customer support team directly and immediately via phone number +359 700 17 600 or send questions or requests to
info@varchev.com.
Summary
VARCHEV is a forex broker based in Bulgaria that has been providing a wide range of financial services including forex, investment banking, and real estate trading since its establishment in 2000. However, its regulatory authority, the Financial Supervision Commission (FSC) of Bulgaria, has relatively weak regulatory oversight. TraderKnows reminds investors that before engaging in high leverage trading, it is necessary to receive sufficient education, understand market mechanisms, and carefully consider one's investment objectives and risk tolerance.
Currently, VARCHEV is marked as 'In-Operation' on TraderKnows.
