Updated Oct 20 2022
Visit 89.13% of retail CFD accounts lose money. |
Visit 69.9% 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. |
SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms. |
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 0 Other Licenses 2 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 | 1 day |
📋 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 | 2005 |
💳 Minimum Deposit Range | |
$200 | 250 € (SquaredPro Account), 5,000 € SquaredElite Account |
💰 Payment Methods | |
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💵 Account Base Currencies | |
1 - EUR | 5 - EUR, USD, GBP, CHF, ZAR. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, SY, IR, JP. |
US, CA, IR, SY. |
📊 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 | 17,101 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 8,000 |
📙 Stock CFDs | |
400 | 8,000 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
50 | 40 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
19 | 5 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
32 | 15 |
📔 ETFs | |
0 | 0 |
📔 ETFs CFDs | |
42 | 1,000 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
41 | 25 |
📒 Bonds | |
0 | 0 |
📒 Bonds CFDs | |
0 | 0 |
📓 Options | |
0 | 0 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
0 | 0 |
📗 Futures CFDs | |
0 | 16 | Trading Experience |
📈 Minimum Stock Trade Size | |
$2,500 in trade value | 1 Share |
📉 Minimum ETFs Trade Size | |
$2,500 in trade value | 1 ETF |
📈 Minimum Crypto Trade Size | |
$2,500 in trade value | Varies per Cryptocurrency (Eg: 0.01 BTC) |
📉 Minimum FX Trade Size | |
$2,500 in trade value | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
$2,500 in trade value | Varies per Commodity (Eg: 1 Gold Contract) |
📉 Minimum Bonds Trade Size | |
Unavailable | Unavailable |
📈 Minimum Futures Trade Size | |
Unavailable | Varies per future (Eg: 1 Contract) |
📉 Minimum Options Trade Size | |
Unavailable | Unavailable |
💪 Retail Leverage | |
30 | 30 |
💪 Professional Leverage | |
500 | 500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
Yes | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | No |
📱 Android App | |
Yes | No |
📺 MetaTrader 4 | |
No | Yes |
📺 MetaTrader 5 | |
No | Yes |
📺 cTrader | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | No |
💻 Proprietary Platform | |
Yes | No |
📊 Multi-chart Tools | |
No | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
No | No | Fees |
💰 Inactivity Fee | |
iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity. |
None |
💰 Deposit Fees | |
None | None |
💰 Withdrawal Fees | |
No for credit cards but yes for bank wires (up to $20). |
None |
💰 Commissions | |
None | Yes, depending on account type or assets. For account types:
For particular assets there are commissions on all accounts, specifically in shares as follows:
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Spreads |
📈 EUR/USD | |
Dynamic - From 0.7 Pips | Dynamic - From 0 to 1.2 Pips |
📉 SP500 | |
Dynamic - From 90 Pips | Dynamic - From 150 Pips |
📈 GOLD | |
Dynamic - From 35 Pips | Dynamic - From 110 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $3 | Dynamic - Market Spread |
📈 XLK (ETF - CFD) | |
Dynamic - From 30 Pips | Dynamic - Market Spread |
📉 BTC | |
Dynamic - From $120 | Dynamic - From $250 | 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 | No |
📡 Account Management | |
Yes | Yes |
📡 Webinars | |
Yes | No |