ForexVox
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61% of retail CFD accounts lose money.

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Vestle
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This broker is no longer active.

ForexVox Vs. Vestle - Compare and Choose the Right One

Updated Nov 21 2022

Visit

61% of retail CFD accounts lose money.

Visit

This broker is no longer active.

Overview

ForexVox is a new trading name from Valutrades, a broker operating since 2012 that offers currencies, indices and commodities under FCA and FSAS regulation.

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
  • Experienced traders that look for an ECN account offering with commissions
  • Currency traders
  • Beginner traders with little to no experience looking to test a simple platform
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

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 (United Kingdom)
  • FSAS (Seychelles)
  • CySec (Cyprus)
The Good
  • FCA Regulation and being a trading name of ValuTrades (founded in 2012)
  • Scalping is allowed
  • Ecn account offered
  • Extremely simple platform designed for beginners with little needs
The Bad
  • Poor asset offering (less than 100 instruments)
  • Low platform offering (only MT4 and MT5 available)
  • Client area lacks usability
  • Average spreads are high
  • 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 hour 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
2020 2018
💳 Minimum Deposit Range
0 $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • UnionPay
  • USDT (Tether)
  • Bank Transfer
  • WebMoney
  • Yandex Money
  • 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, CA, SY, 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
104 584
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
0 400
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
74 50
📗 Commodities
0 0
📗 Commodities CFDs
3 19
📕 Indices
0 0
📕 Indices CFDs
15 32
📔 ETFs
0 0
📔 ETFs CFDs
0 42
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
5 41
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
7 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
Unavailable $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
$1,000 (0.01 Lots) Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
No 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
  • No commissions on their standard account
  • A $7 per lot round turn commission on their ECN account
None
Spreads
📈 EUR/USD
Dynamic - From 1 Pip Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 135 Pips Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 16 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - From $3
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 30 Pips
📉 BTC
Unavailable Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes No
📡 Video Tutorials
Yes Yes
📡 Account Management
No Yes
📡 Webinars
No No