Whether you are new to trading or have been doing it for a while, choosing the right online broker is an important decision. It takes time and research to make sure that the broker you choose is reputable and has the best platform for your needs. There are many factors to consider, including the company’s policies and practices.
Founded in 1995, Varengold is a German Investment Bank that prides itself on excellence and sustainability. Their values and beliefs are reflected in their business operations and products, which are built on an infrastructure that supports a global approach to trading. Their in-house Managed Futures and Hedge Fund strategies provide investors with steady returns that are not correlated to stocks and bonds. They also have a Capital Markets Brokerage Segment that offers services in Foreign Exchange, Contracts for Difference (CFDs), and Options.
The bank has a presence in London and Sofia as well as its headquarters in Hamburg. In the marketplace banking division, Varengold supports online marketplaces that deal with the financing of companies and consumers through peer-to-peer platforms. It also finances the rapid growth of fintechs, providing them with products that require a banking license through fronting services.
The company’s current P/E ratio is 2.1x, which may be an indication that the stock is overvalued. However, this may be a result of the company’s ongoing investments in its core business. This could be a long-term strategy that pays off in the future.