FBS
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76.5% of retail CFD accounts lose money.

Vs.

Vestle
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This broker is no longer active.

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

Updated Oct 20 2022

Visit

76.5% of retail CFD accounts lose money.

Visit

This broker is no longer active.

Overview

FBS is a global broker established in 2009 that specialises in currencies trading via MetaTrader 4 & 5 platforms along with their own proprietary mobile app.

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
  • New traders looking to trade via MT4 with really low starting amounts using their Cent or Micro accounts
  • Experienced high volume traders looking for a fixed zero spread account
  • Beginner traders with little to no experience looking to test a simple platform
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

3

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
  • IFSC (Belize)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FSCA (South Africa)
  • CySec (Cyprus)
The Good
  • Clear account offering that covers all levels of traders according to their net worth
  • Proprietary copy trading service
  • Access to high leverage (Up to 1:3000)
  • Extremely simple platform designed for beginners with little needs
The Bad
  • Asset offering is extremely limited with over 100+ instruments
  • Minimum deposit for ECN account is high $1,000
  • 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
2009 2018
💳 Minimum Deposit Range
From $1 to $1,000 $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Neteller
  • Sticpay
  • Skrill
  • Perfect Money
  • Bank Transfer (depending on location and entity)
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies
3 - EUR, USD, AUD. 1 - EUR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

JP, US, CA, MY, IL, IR.

US, CA, SY, IR, JP.

📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
254 584
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
104 400
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
102 50
📗 Commodities
0 0
📗 Commodities CFDs
8 19
📕 Indices
0 0
📕 Indices CFDs
12 32
📔 ETFs
0 0
📔 ETFs CFDs
0 42
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
28 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
$1,000 - 0.01 Lots $2,500 trade value
📉 Minimum ETFs Trade Size
Unavailable $2,500 trade value
📈 Minimum Crypto Trade Size
$1,000 - 0.01 Lots $2,500 trade value
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots $2,500 trade value
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots $2,500 trade value
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
3000 30
💪 Professional Leverage
Unavailable 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
📺 cTrader
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
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

FBS commissions vary per account type as follows:

  • Cent account: none
  • Micro account: none
  • Standard account: none
  • Zero spread account: From $20 per lot
  • ECN account: From $6 per lot
  • Crypto account: 0.05% for opening or closing positions
None
Spreads
📈 EUR/USD
Dynamic - From 0 to 3 Pips Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 170 Pips Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 32 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.08 Dynamic - From $3
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 30 Pips
📉 BTC
Dynamic - From $104 Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
No Yes
📡 Live Chat Support
No No
📡 Video Tutorials
No Yes
📡 Account Management
No Yes
📡 Webinars
No No