✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the broker Varsity (also called varsitylatino.com), is a Forex, Futures and CFDs broker. Is Varsity Really Recommended For An Investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we reviewed Varsity. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: RC Ltd and WonderServices Ltd.
As to its location, the broker mentions being based on: Belize (RC Ltd) and Cyprus (WonderServices Ltd).
If we analyze broker regulation: Varsity is regulated by the Belize International Financial Services Commission.
If now we go on to analyze account types offered by Varsity, we note that it offers 3 different types of account / plans: the Guided Investment Account, the Premium Guided Investment Account and the Invest Quick Account. We leave an image with a little information about each type of account.
Guided Investment Account: Minimum initial deposit of $ 5.000, 2% annual program fee.
Premium Guided Investment Account: Minimum initial deposit of $ 20.000, 5% annual program fee.
Quick Invest Account: minimum deposit $ 150.000.
In the following image you can have more information about the types of account. Click here to see image 1 in full size, Click here to see image 2 in full size y Click here to see image 3 in full size
Las platforms to operate What Varsity offers are: They don't mention it, but we think they use Varsity's own platform.
We will now analyze the different resources and aids for the trader that Varsity provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Varsity provides the following aids or resources to traders or stakeholders: Just a little bit of information, really not much more than this.
| Other information about Varsity |
Some more information in case you want to contact the company, or see its website for yourself.
Website: varsitylatino.com
Telephone: does not have.
Email: be contacted directly from the website.
>>> Assessment on Varsity <<
Ending with this section, in our opinion Do we think the Varsity company is trustworthy? Should you invest your money with the company?
The truth is that we recommend caution, because: it is a broker regulated by an entity that is not very serious and unsafe, it is based in countries that have a bad reputation (Belize and Cyprus), when looking for reviews about Varsity We did not find any other review, we believe that it is a new broker, without a track record. We suggest using caution.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”568 ″]
This company is a scam. I don't get paid yet, don't do it, you'll thank me later. Greetings.
Hi Anthony, thanks for writing about Varsity. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.