IC Markets
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73.59% of retail CFD accounts lose money

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Vestle
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76.68% of retail CFD accounts lose money

IC Markets Vs. Vestle - Compare and Choose the Right One

Updated Dec 30 2021

Visit

73.59% of retail CFD accounts lose money

Visit

76.68% of retail CFD accounts lose money

Overview

ICMarkets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.

Vestle is a new brokerage brand part of the iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies.

Best For
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
  • Beginner traders with little to no experience looking to test a simple platform
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The Good
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
  • Extremely simple platform designed for beginners with little needs
The Bad
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • 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 Operational
Recent News
N/A N/A
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.

🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • Cyprus Securities and Exchange Commission
📍 Year Founded
2007 2018
💳 Minimum Deposit
$200

200 € (But it can change at their discretion)

💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Bitcoin
  • Sofort
  • Paypal
  • Neteller
  • Skrill
  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 1 - EUR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, IL. US, CA, SY, IR, JP.
📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
Yes No
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

CFDs on currencies, commodities, indices, shares, ETFs and cryptocurrencies

📙 Stocks
1,600 + 400+
📘 Currency Pairs
61 50+
📗 Commodities
22 19
📕 Indices
25 32
📔 ETFs
N/A 42
💸 Cryptocurrencies
18 41
📒 Bonds
11 N/A
📓 Options
N/A N/A
📗 Futures
4 N/A
📝 Notes:
All ICMarkets assets are CFDs.

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
Varies by Stock $2,500 in trade value
📉 Minimum ETFs Trade Size
N/A $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 by Commodity (Eg: 0.01 Troy ounces of Gold) $2,500 in trade value
📉 Minimum Bonds Trade Size
Varies by Bond N/A
📈 Minimum Futures Trade Size
Varies by Future 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
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
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No 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

No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.

No
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 20 to 45 Pips Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 30 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $3
📈 XLK (ETF - CFD)
N/A Dynamic - From 30 Pips
📉 BTC
Dynamic - From $8.7 to $42 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

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