Updated Oct 20 2022
Visit 89.13% of retail CFD accounts lose money. |
Visit 69% of retail CFD accounts lose money. |
Overview | |
iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies. |
Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments. |
Best For | |
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Licenses | |
Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by |
Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by |
🏛 Financial Regulators | |
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The Good | |
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The Bad | |
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Status | |
Operational | Operational |
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 | 4 days |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2018 | 1992 |
💳 Minimum Deposit Range | |
$200 | From $500 up to $2,000 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
1 - EUR | 26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, SY, IR, JP. |
US, BR, ES, IN, KE, MX, NG, PK, ZA. |
📊 STP Account | |
Yes | Yes |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | Yes |
Banking License | |
No | No |
Debit Card | |
No | No | Assets |
📚 Assets Type | |
CFDs | Hybrid |
Total Asset Offering | |
584 | 49,339 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 30,000 |
📙 Stock CFDs | |
400 | 0 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
50 | 182 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
19 | 19 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
32 | 29 |
📔 ETFs | |
0 | 5,400 |
📔 ETFs CFDs | |
42 | 5,400 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
41 | 9 |
📒 Bonds | |
0 | 5,000 |
📒 Bonds CFDs | |
0 | 0 |
📓 Options | |
0 | 3,000 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
0 | 300 |
📗 Futures CFDs | |
0 | 0 | Trading Experience |
📈 Minimum Stock Trade Size | |
$2,500 in trade value | Unavailable |
📉 Minimum ETFs Trade Size | |
$2,500 in trade value | Unavailable |
📈 Minimum Crypto Trade Size | |
$2,500 in trade value | Varies by Cryptocurrency (eg: 0.01 units of BTC) |
📉 Minimum FX Trade Size | |
$2,500 in trade value | $1,000 (0.01 lots) |
📈 Minimum Commodities Trade Size | |
$2,500 in trade value | Unavailable |
📉 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 | 66 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
Yes | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
No | No |
📺 MetaTrader 5 | |
No | No |
📺 cTrader | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
No | Yes |
👬 Copy Trading | |
No | Yes |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
No | Yes | Fees |
💰 Inactivity Fee | |
iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity. |
Up to $150 after 6 months of inactivity, £25 after one quarter in the UK. |
💰 Deposit Fees | |
None | None |
💰 Withdrawal Fees | |
No for credit cards but yes for bank wires (up to $20). |
None |
💰 Commissions | |
None | $0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract. |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.7 Pips | Dynamic - From 0.4 to 0.8 Pips |
📉 SP500 | |
Dynamic - From 90 Pips | Unavailable |
📈 GOLD | |
Dynamic - From 35 Pips | Unavailable |
📉 TSLA (Stock CFD) | |
Dynamic - From $3 | Unavailable |
📈 XLK (ETF - CFD) | |
Dynamic - From 30 Pips | Unavailable |
📉 BTC | |
Dynamic - From $120 | Unavailable | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | Yes |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | No |
📡 Educational Content | |
No | No |
📡 Live Chat Support | |
No | Yes |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
Yes | Yes |
📡 Webinars | |
Yes | No |