iFOREX Europe
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89.13% of retail CFD accounts lose money.

Vs.

Swissquote
Visit

74-89% of retail CFD accounts lose money.

iFOREX Europe Vs. Swissquote - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

89.13% of retail CFD accounts lose money.

Visit

74-89% 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.

Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Traditional equity investors looking for a broad range of markets
  • Experienced traders looking to benefit from their amazing research tools
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MFSA (Malta)
  • HKMA (Hong Kong)
The Good
  • Extremely simple platform designed for beginners with little needs
  • Outstanding asset offering with more than 60 exchanges across the world
  • Amazing research and analysis tools for all trader levels
  • Thematic investments with preconfigured product baskets
  • Offers banking services along with debit card
The Bad
  • 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
  • Their proprietary platform lacks many features and is not user friendly
  • Their commissions are extremely high
  • Overall everything feels complicated to use
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
  • 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
2018 1996
💳 Minimum Deposit Range
$200 0
💰 Payment Methods
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Bank Transfer
💵 Account Base Currencies
1 - EUR 21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR, JP.

US, JP, SY, IR.

📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Banking License
No Yes
Debit Card
No Yes
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
584 175,533
Exchange Access
0 60
📙 Real Stocks
0 100,000
📙 Stock CFDs
400 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
50 80
📗 Commodities
0 0
📗 Commodities CFDs
19 12
📕 Indices
0 0
📕 Indices CFDs
32 26
📔 ETFs
0 1,400
📔 ETFs CFDs
42 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
41 12
📒 Bonds
0 54,000
📒 Bonds CFDs
0 3
📓 Options
0 10,000
📓 Options CFDs
0 0
📗 Futures
0 10,000
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value From $50
📉 Minimum ETFs Trade Size
$2,500 in trade value From $50
📈 Minimum Crypto Trade Size
$2,500 in trade value $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$2,500 in trade value $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$2,500 in trade value From $50
📉 Minimum Bonds Trade Size
Unavailable From $50
📈 Minimum Futures Trade Size
Unavailable From $50
📉 Minimum Options Trade Size
Unavailable From $50
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No No
👫 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.

None
💰 Deposit Fees
None None
💰 Withdrawal Fees

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

$10 per withdrawal.

💰 Commissions
None

For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.

Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0 to 1.3 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 35 Pips Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $3 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips Dynamic - Market Spread
📉 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 Yes
📡 Educational Content
No Yes
📡 Live Chat Support
No No
📡 Video Tutorials
No Yes
📡 Account Management
Yes No
📡 Webinars
Yes No