FXCM
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77% of retail CFD accounts lose money.

Vs.

Vestle
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This broker is no longer active.

FXCM Vs. Vestle - Compare and Choose the Right One

Updated Oct 20 2022

Visit

77% of retail CFD accounts lose money.

Visit

This broker is no longer active.

Overview

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

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
  • Professional algorithmic traders looking to benefit from their comprehensive API offering.
  • Beginner traders with little to no experience looking to test a simple platform
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

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
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • CySec (Cyprus)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Extremely simple platform designed for beginners with little needs
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • 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
1999 2018
💳 Minimum Deposit Range
$50 $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 1 - EUR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

RU, US, CA, JP, SK.

US, CA, SY, IR, JP.

📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
285 584
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
200 400
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
41 50
📗 Commodities
0 0
📗 Commodities CFDs
11 19
📕 Indices
0 0
📕 Indices CFDs
16 32
📔 ETFs
0 0
📔 ETFs CFDs
0 42
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
17 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 Share $2,500 trade value
📉 Minimum ETFs Trade Size
Unavailable $2,500 trade value
📈 Minimum Crypto Trade Size
1 Unit $2,500 trade value
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $2,500 trade value
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) $2,500 trade value
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ 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
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes 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

50 units of the account's base currency yearly after 1 year of inactivity.

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

💰 Deposit Fees
None None
💰 Withdrawal Fees

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

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

💰 Commissions
None None
Spreads
📈 EUR/USD
Dynamic - From 1.2 Pips Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 58 Pips Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 41 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 Dynamic - From $3
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 30 Pips
📉 BTC
Dynamic - From $51 Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
No No
📡 Video Tutorials
No Yes
📡 Account Management
No Yes
📡 Webinars
No No