Binance
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Investing in cryptocurrencies involves risk.

Vs.

Vestle
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Binance Vs. Vestle - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

This broker is no longer active.

Overview

Binance is a global cryptocurrency exchange founded in 2017 in China with the aim of providing the ultimate trading solution. Currently, they offer more than 700+ cryptocurrencies, derivatives (such as Vanilla options, futures, staking), a Launchpad platform for ICOs and many more services such as several trading platforms with different complexity levels.

Vestle was a brand part of the iForex Group that specialised in CFD trading and offered over 600 different financial instruments. Currently they're no longer operative and have rebranded themselves to iFOREX Europe.

Best For
  • Avid cryptocurrency traders and investors from intermediate to expert levels
  • Day traders looking for a high liquidity exchange with competitive fees
  • Beginner traders with little to no experience looking to test a simple platform
Licenses

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators

None

  • CySec (Cyprus)
The Good
  • Largest cryptocurrency exchange in the world by liquidity
  • Massive cryptocurrencies selection available (700+)
  • Large amount of financial products in the form of derivatives (Vanilla options, futures, etc)
  • Advanced trading platforms with visual order books at no cost
  • Extremely simple platform designed for beginners with little needs
The Bad
  • Interface can be complex to use for beginners
  • The wide selection of products and derivatives can also be intimidating for beginners
  • High spreads on all of their instruments
  • Web and mobile platforms are slow and lack tools
  • Their FAQ database doesn’t effectively answer the most common questions any trader could have
Status
Operational Inactive
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2017 2018
💳 Minimum Deposit Range
0 $200
💰 Payment Methods
  • Cryptocurrency
  • Bank transfers
  • Visa
  • Mastercard
  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies
All supported cryptocurrencies. 1 - EUR
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
None

US, CA, SY, IR, JP.

📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
Yes No
Assets
📚 Assets Type
Hybrid CFDs
Total Asset Offering
750 584
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
0 400
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
0 50
📗 Commodities
0 0
📗 Commodities CFDs
0 19
📕 Indices
0 0
📕 Indices CFDs
0 32
📔 ETFs
0 0
📔 ETFs CFDs
0 42
💸 Cryptocurrencies
750 0
💸 Cryptocurrency CFDs
0 41
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable $2,500 trade value
📉 Minimum ETFs Trade Size
Unavailable $2,500 trade value
📈 Minimum Crypto Trade Size
$10 $2,500 trade value
📉 Minimum FX Trade Size
Unavailable $2,500 trade value
📈 Minimum Commodities Trade Size
Unavailable $2,500 trade value
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
100 30
💪 Professional Leverage
Unavailable 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
No Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No No
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee
None

Vestle charges an inactivity fee of $15 for every quarter of inactivity.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None

No for credit cards but yes for bank wires (up to $20).

💰 Commissions

Fixed 0.1% trade value fee for spot trades.

None
Spreads
📈 EUR/USD
Unavailable Dynamic - From 0.7 Pips
📉 SP500
Unavailable Dynamic - From 90 Pips
📈 GOLD
Unavailable Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - From $3
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 30 Pips
📉 BTC
Dynamic - From $1 Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
No No
📡 Video Tutorials
Yes Yes
📡 Account Management
No Yes
📡 Webinars
No No