Considered one of the biggest CFD brokers in New York, Varalen Capital Markets offers its clients a good choice of financial elements.
CFD is an agreement between a buyer and a seller according to which, the seller pays to the buyer the difference between the current price of an underlying asset and its price at contract time. By saying “CFD broker” we mean an intermediary between a trader and the financial market. A CFD (contract-for-difference) broker provides its clients access to international financial markets through a trading platform(s). Trading platforms are fully packed with trading instruments and technical analysis tools that are essential in decision-making.
As for Varalen Capital Markets, it supports the top-tier trading software, namely MetaTrader 5. An average spread on EUR/USD is as low as 2.8 pips. The broker treats its clients with unprecedentedly generous leverage equal to 1:500. Despite the spread is not the lowest one in the field, Varalen Capital Markets does offer really fair trading conditions to empower clients to trade at a profit.
The official website of Varalen Capital Markets is sleek and easy-to-navigate. There are no irritating banners or confusing menus popping all-of-a-sudden. All the necessary information is smartly categorized and is pretty comprehensive.
On site on page https://capital-markets.com/trading/tools/ minimum Deposit specified: $ 300. It is still not a reason to call Varalen Capital Markets a scam.
Varalen Capital Markets Regulation & Funds Protection
Varalen CM trademark belongs to the number of companies: Varalen Capital Markets LLC, registered in New York; Varalen CM LTD, registered in the Marshall Islands; Varalen CM Limited, registered in the United Kingdom. This fact may raise doubts about the legitimacy of the brokerage because the Marshall Islands is a favorite place for scam players to register and do their shady dealings.
However, considering that Varalen Capital Markets LLC, has the New York State (USA) registration under ID number 5263705 at the address of 30 Wall Street, 8th floor, New York, NY 10005-2205, it is fair to assume that the enterprise is compliant with the USA strict regulation, and potential clients are not liable to any significant risks (except that trading in financial markets is a highly risky business by itself, and along with significant earnings, it is also fraught with heavy financial losses owing to a highly volatile nature of global financial markets).
The USA registration indicates that the broker is compliant with authoritative regulatory bodies like NFA and gives assurance for the proper protection and safety of traders’ finances. This also indicates that the broker keeps its clients’ funds in segregated accounts as prescribed by the regulators and handles people’s investments separately from the company’s capital to exclude the possibility of commingling.
Varalen Capital Markets Payment Methods And Fees
The broker does not pamper its clients with a wide selection of payment methods. The choice is limited only to Visa, MasterCard, and Maestro debit/credit cards. The dealer also supports Tether e-payment system.
Varalen Capital Markets website provides clear information about funding/withdrawal conditions. Such as, a 3% commission will be deducted from the sum which you withdraw on your Visa or MasterCard plastic. However, only 0.8% will be deducted from your balance if you withdraw on your Tether e-wallet.
The broker does not charge a penny when you refuel your account through a debit/credit card. But if you pour money into your account via Tether, you will again be subjected to a 0.8% commission. A minimum amount for withdrawal is 50 UDS, and the maximum is 5000 USD.
How do scammers work?
The Forex market is a great and terrible landscape. It can make you rich in mere seconds and drive you to bankruptcy in an instant. You may lose money not only because of a wrong investing decision but because nearly every Forex trade is overshadowed by the possibility of a scam. Conducting your own research and checking the regulatory status of a broker you are interested in is a good enough practice to avoid fraud, but it will not hurt for a potential trader to be aware of multiple ways of how scammers operate and deceive naive Forex enthusiasts. We determined a standard scheme which bad actor generally stick to. Here it is:
As a rule, you are tempted by a colorful ad banner floating around the Internet with promises for good and quick earnings. When you click it, you get redirected to a beautiful website with a convincing welcome trailer. The video will try to make you think that the broker is the best option among the competition to register and start trading. Convinced by these honey words, you, without a second thought, fill in the registration form and provide your personal data.
In some minutes, your personal information will be transferred to the broker’s customer service, and they will melt your phone begging you to begin trading. These babblers know how to make you believe! After a short conversation with such a specialist on the phone, you will most likely decide to make your first deposit of $300-500. And a broker will get a commission of $50 from your first balance replenishment.
But this is only the beginning. If you run into large-scale scammers, they will continue to persuade you to invest further, and you will. Perhaps, you will even win some money while trading with this broker and this will only ignite your passion. Once you have gained enough, you are most likely to want to close your account and receive your earnings. And this is where senior scammers manifest their professionalism!
They will feed you with promises and demonstrate avid activity as if they REALLY are going to close your account and withdraw your funds. In fact, they just mislead you into waiting as long as possible so that you will not be able to file a chargeback from your bank and recover your money. The trick is that such an option is valid only within 6 months of your first deposit.
What To Do If Scammed?
No one is safe against all sorts of frauds at the Forex market, and you are not an exception. But even if you are scammed, there are always options to regain money.
To begin with, you may apply to your card provider or bank with a request for a chargeback. This measure is available only within 6 months after your initial deposit.
Then, you need to cancel your credit card if you have provided its credentials to the broker. The same goes about your online banking password, too, if you have provided it to the broker – change it immediately!
Do not trust so-called “recovery agencies”. Such organizations hunt for scammed and desperate traders and swindle them into pouring their money again. They will persuade you to pay in advance promising to return your money, but in reality, they will disappear without fulfilling their obligations.
To avoid this, you need to opt only for reliable brokers like Capital Markets.
Considered it in all its bearings
Frankly speaking, I don’t bother with comparing different offers, as for this purpose I need to test each of them for at least three months. Why take this trouble? I’d say I’m lucky to have come almost from the beginning of my trading experience to Capital Markets. I still have no intention to change it. And why should I, if everything is fine? Narrow spread and high liquidity – these are the major broker’s performance measures for me. There is МТ5, but it is offered by all today’s platforms, as a non-competitive terminal with all its capacity and functionality. It’s another matter that the broker provides a persistently high speed of transaction opening and closing; it’s rather a technical achievement. There is a commission fee, but quite reasonable; and when the conditions are favorable, it becomes just imperceptible against the background of profit. I’d also add that there are many types of assets. It’s convenient to have everything in the same place.
Experienced traders will appraise
Beginners can gain experience in different services, but the dealers with serious funds, for whom the tiniest technical failure may turn into heavy material losses, must be very elective and demanding to the broker’s quality. Believe me, Capital Markets will satisfy all your expectations. Naturally, no one is going to think and analyze markets instead of you (though, there is the service of analyst’s consultation), and the only condition for profitable transactions is the experience and keenness of the trader + just a bit of good luck, but the trading convenience is also a very important factor. And it’s the broker who assumes responsibility for it.
I trust this broker
Within the period of three years, there have been no misunderstandings. Only quiet trading on beneficial terms and with good parameters. Transactions are opened quickly; money withdrawals are performed steadily and with no delays.
Smooth and steady withdrawal of funds to the bank card within three days (rarely earlier). The commission fees are 3 per cent; they are the same for both MasterCard and Visa. Deposits are free of charge.
The website is intuitive and effectively organized. Today, everyone knows English, that’s why it’s not a problem for users to deal with the platform. It’s very interesting to read the articles and reviews offered here. Even more, it’s great to obtain trustworthy information on the market before opening transactions.
Everyone can trade here
Here, one will find a wide choice of trading instruments and tools. One can combine them, make experiments, and move from one category to another. As for me, I personally prefer to invest into currency pairs. I like to double down on exotic currencies, which are offered here in the diversity. When there are advantageous fundamentals, I open a contract for difference in price of an asset. Here, however, I’m not interested in indices. When the market is high risk, I convert money into gold. Besides, there is palladium, silver, platinum, oil, and gas. As you see, the trade space is more than sufficient.
Money matters are all right
They’re highly accurate in terms of funds withdrawal. Deposit replenishment is also hazard-free (though, it’d be strange if they militated against the entrance of money into their platform). There are few options, but the conditions are quite understandable and they comply with their obligations without disruptions and delays. If you want to ask a question simply use an online request-form on the website; I, however, prefer emails. In any case, the client support service works quickly and in a quality manner. What about trading conditions? Well, they’re advantageous, like with any other serious broker. My friend invited me to join this platform, and I’m still here.
Interested in my profit
They don’t obtain money from clients’ losing trades here, as they do in Forex kitchens. The company of *** is interested in traders’ profitable commercial activity, as it earns income from sales. Thus, the platform, in its part, provides excellent trading conditions. There is no slippage. The company is ever-improving; it adds new services and trading instruments regularly. If required, any user can reach out to managers and analysts, as well as read helpful decision-making information on the website. The terminal used here is МТ5. It offers better conditions for technical analysis. All that you need for quality trading is internet connection with consistent, stable traffic. When I started my commercial activity I opened a demo-account and practiced without any real money movement. It’s very convenient.
Convenient, profitable, stable
The trading conditions are great here. There are all the assets I’m concerned with. I’ve never had to contact the support service via phone or e-mail. In that case, however, I’d have to check my local time with the time in New-York or Hong-Kong (where their head offices are located). At this point, the system operates smoothly, without any technical glitches and issues. I trade smoothly. By the way, I wouldn’t have thought of it, but there is an expert consultation in the list of the broker’s services. Is it in a foreign language? If anyone here knows the answer to this question, please, leave a comment here. I’d really appreciate it. All in all, I read their publicly available analytics and find it very helpful and comprehensible. But I have issues communicating on their website, sorry to say. It’s also worth noting that there is a VIP program for those who have high deposits starting from $50,000.
Bit by bit about everything
Suppose, it’s a great idea to test different brokers in order to compare them with each other. I wouldn’t rely on reviews and ratings. I’d collect the data on certain platform and check it all by myself. So, I’ll tell you just the way it is, from the viewpoint of facts. There is a narrow spread and a high liquidity. The platform is flying. I pay a commission, so I see that the broker is interested in my activity; and I trade only if the number of lucrative transactions exceeds the number of loss-making ones. The arithmetic here is quite simple. The system offers 77 currency pairs, stock CFDs, indices, metals, oil, and gas. You can see it all on the website.
The liquidity of assets is right-on. The list of vendors includes large international banks and investment companies that affect the volatility of trading instruments. You always have a choice in this system. Here you go! Close deals with any trading instruments you prefer and make profit! I’ve been here for a year and a half already. And everything has been smooth.
I estimate the broker’s conscientiousness and responsibility by the way it organizes the process of cash withdrawal. In this very case, there are few options, but they’re user-friendly and they work without outages and delays. I usually withdraw money via bank card transfer. Recently, I decided to apply to Tether. It’s convenient, by the way, as in case of issues you can submit an online request – simply fill in the follow-up form and the manager will contact you shortly and effectively address the problem you have.
What a huge assortment of effective assets for profitable trading! It means that any trader can try their hand in playing at the Forex market. There are all currency pairs imaginable! I generally trade standard pairs, but fans of exotic assets will find many unusual trade instruments here, too. Gravitate towards trading raw materials? The broker has much to offer, from natural gas to both benchmark crudes. As for precious metals, the broker offers the most popular ones: gold, silver, platinum. There is also palladium – a very interesting trading instrument, to my mind: with its high demand in different sectors of industry, it is quite a volatile asset. What else? There are indices, as well. All in all, everything that it takes for successful trading can be found in one place – right here. It is utterly convenient and useful. The only asset missing is seeds – a commodity group which the majority of brokers do not offer.
Hope, my opinion will prove useful for someone. Here’s the deal: the spreads are minimal, the leverage level isn’t fixed, its maximum value is 1:1000. You have a choice, though I wouldn’t advise to apply to it – it’s too risky. You’ll surely enjoy small trading expenses, which are covered by comparatively low spreads and no less “ridiculous” commissions. And you should feel free to contact the support service – its specialists are really hardworking and responsive.
Instant transactions with the ECN-broker (this is what Capital Markets really are) are quite a common thing. Due to the thought-over system, there are no repeated requests. The platform offers excellent conditions for the scalping strategies. Though, the very algorithm of such trading is suitable for experienced users rather than beginners.
They give free access to the bank-to-bank exchange, so they never play against the trader. One day I used to trade with a dealer. This is what they call total chaos! I was just a beginner, and I thought I lacked experience, but later they explained to me exactly what the trouble was. With ***, there is no double dealing at all. Moreover, the company helps me to profit, as it receives commission from transactions. This is why everything here works under market rules: a new order is displayed in the Depth of Market and the Players respond to its conditions. Everything is absolutely transparent, position entry/exit is immediate. You manage to catch the posted price, which is really important. Anyhow, the platform seems to be targeted at worldly-wise traders rather than beginners, judging by its interface, the way it works with users, and the traders themselves. It’s important for the company that you succeed and feel satisfied.
Speed of the website is impressive. If you’ve got a smart and sophisticated device with stable online connection and nothing to hang up, all the transactions open and close almost instantly, in a flash. There is no slippage. It’s no wonder that the platform has such a pretty good reputation. It works honestly. I’ve read the reviews of other users, and they like this website, too.