ETX Capital
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73.85% of retail CFD accounts lose money.

Vs.

Vestle
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89.13% of retail CFD accounts lose money.

ETX Capital Vs. Vestle - Compare and Choose the Right One

Updated Jul 28 2022

Visit

73.85% of retail CFD accounts lose money.

Visit

89.13% of retail CFD accounts lose money.

Overview

Founded in 1965, ETX Capital dedicated the last decades to both spread betting and CFD trading until their recent rebranding into OvalX.

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
  • Forex traders for variety of currencies and high net worth equities
  • Traders seeking commission free equities inside their 250 commission-less selection
  • Traders who want to trade commodity futures and bonds 
  • Beginner traders with little to no experience looking to test a simple platform
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

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
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • CySec (Cyprus)
The Good
  • Commission-free trades for 250 equities
  • Low minimum deposit to open standard account (100£)
  • Wide selection of commodity futures and bonds
  • Decent educational material for market research, including seminars on indices, commodities and currencies
  • Extremely simple platform designed for beginners with little needs
The Bad
  • Doesn’t provide live news feed on standard account
  • No ability to purchase real stocks or ETFs (All assets are CFDs)
  • Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)
  • 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
Inactive 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 documents (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
1965 2018
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium)

200 € (But it can change at their discretion)

💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies
3 - EUR, USD, GBP 1 - EUR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, CN, SG, CH US, CA, SY, IR, JP.
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
  • CFDs on currencies, commodities, indices, shares, ETFs and cryptocurrencies

    📙 Stocks
    5,000 CFDs (250 are commission free) 400+
    📘 Currency Pairs
    60 50+
    📗 Commodities
    17 19
    📕 Indices
    20 32
    📔 ETFs
    19 42
    💸 Cryptocurrencies
    5 41
    📒 Bonds
    8 N/A
    📓 Options
    N/A N/A
    📗 Futures
    45 N/A
    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

    All of Vestle’s assets are CFDs yet they do provide a “No Leverage” tab with a few assets under 1:1 conditions for traders that do not wish to expose themselves to the risk.

    Trading Experience
    📈 Minimum Stock Trade Size
    1 Share $2,500 in trade value
    📉 Minimum ETFs Trade Size
    1 ETF $2,500 in trade value
    📈 Minimum Crypto Trade Size
    Varies by Cryptocurrency (Eg: 0.01 BTC) $2,500 in trade value
    📉 Minimum FX Trade Size
    $1,000 (0.01 lots) $2,500 in trade value
    📈 Minimum Commodities Trade Size
    Varies per commodity (Eg 0.1 for WTI, 1 for Cotton) $2,500 in trade value
    📉 Minimum Bonds Trade Size
    1 unit N/A
    📈 Minimum Futures Trade Size
    Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) N/A
    📉 Minimum Options Trade Size
    N/A N/A
    💪 Retail Leverage
    Up to 1:30 Up to 1:30
    💪 Professional Leverage
    Up to 1:500 Up to 1:500
    ✍ Customisable Leverage
    No No
    🎲 Deleveraged Trading
    No Yes
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    Yes Yes
    📱 Android App
    Yes Yes
    📺 MetaTrader 4
    Yes No
    📺 MetaTrader 5
    No No
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    Yes Yes
    📊 Multi-chart Tools
    Yes No
    👬 Copy Trading
    Yes No
    👫 Social Trading
    Yes No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes No
    Fees
    💰 Inactivity Fee
    No

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

    💰 Deposit Fees
    No No
    💰 Withdrawal Fees
    No

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

    💰 Commissions

    Yes, depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)

    No
    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips Dynamic - From 0.7 Pips
    📉 SP500
    Dynamic - From 60 Pips Dynamic - From 90 Pips
    📈 GOLD
    Dynamic - From 60 Pips Dynamic - From 35 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - From $3
    📈 XLK (ETF - CFD)
    N/A Dynamic - From 30 Pips
    📉 BTC
    Dynamic - Eg. $226.4 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

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