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Varengold Bank Ag Review

Varengold Bank Ag is one of the few online brokerages that consistently charges high fees for its services - despite its reputation as a trusted and reliable provider. Could these fees be too steep for investors to bear?

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Overview of Varengold Bank AG

Varengold Bank AG is an online brokerage based in Germany and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the German financial regulator. Founded in 1995, Varengold has a long history of providing online trading services to customers in Europe.

Pros of Varengold Bank AG

Cons of Varengold Bank AG

Public Opinion and Newsworthy Events

People generally have a positive opinion of Varengold Bank AG due to its regulation by BaFin and its long history in the industry. However, some people have complained about the lack of customer service and the high fees charged by the broker. In October 2019, Varengold was acquired by the German private equity firm Triton Partners. This acquisition has allowed the company to expand its services and reach more customers in Europe. In January 2021, Varengold announced that it had partnered with the cryptocurrency exchange Coinbase to provide trading services for digital assets such as Bitcoin and Ethereum. This new partnership has allowed Varengold to expand its offering and provide more services to its customers. Overall, Varengold Bank AG is a reliable broker with a long history in the online trading industry. It offers a range of account types and instruments, but does come with some drawbacks such as high fees and limited customer service.