Traded as FWB: VG8 Founded 1995 Key person Yasin Qureshi | Headquarters Hamburg, Germany Number of employees 60 (July 2013) | |
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Type Public company (Aktiengesellschaft) Industry Finance
Investment banks
Brokerage Key people Yasin Sebastian Qureshi
(Chief Executive Officer) Stock price VG8 (ETR) € 6.30 +0.50 (+8.62%)31 Mar, 5:30 PM GMT+2 - Disclaimer | ||
Varengold bank fx forex
Varengold Bank AG is a German investment bank headquartered in Hamburg. The company provides online trading, brokerage, asset management and commercial banking services.
Contents
Varengold bank is a member of the Bundesverband, a lobby association for alternative investments in Germany
History
Varengold was founded in 1995 by Yasin Sebastian Qureshi and Steffen Fix amongst others. Since foundation of the company main business operations is derivative brokerage as well as Alternative Investments products and services.
In 1998, Varengold obtained the licence for financial institutions by the Bundesaufsichtsamt für das Kreditwesen (BAKred), the German financial regulator at that time. In 2003, Varengold became registered as an investment bank by the Federal Financial Supervisory Authority (BaFin) and in 2013 it obtained a commercial banking license.
Varengold bank is a member of the Entschädigungseinrichtung deutscher Banken (EdB), a private institution legally responsible for guaranteeing the deposits of account holders of German banks.
Products
Products of Varengold investment bank address institutional investors, asset managers as well as financially independent private individuals.
VarengoldbankFX brokerage closed on October 31, 2016.