MultiBank Vs. Vestle - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74-89% of retail CFD accounts lose money.	Visit This broker is no longer active.
Overview
MultiBank (MultiBank FX, MultiBank Group) is a global broker founded in 2005 that specialises in CFDs trading via MetaTrader 4 and 5 platforms.	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
Traders looking for an off-shore broker connected to a well regulated parent group that provides high leverage Stock CFDs traders looking for wide share variety FX Traders that don’t scalp and are looking for competitive ECN accounts	Beginner traders with little to no experience looking to test a simple platform
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 4 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) BaFin (Germany) CIMA (Cayman Islands) FSC (British Virgin Islands) FMA (Austria) MAS (Singapore) TFG (Tianjin) VFSC (Vanuatu)	CySec (Cyprus)
The Good
Great asset variety (over 13,000+) Competitive commissions on Pro and ECN accounts ($3 per lot side) High leverage offering (Up to 1:500)	Extremely simple platform designed for beginners with little needs
The Bad
Complicated legal regulatory framework due to being a group as it’s hard to understand which of their companies do what and on which entity does a customer trade or is being protected by regulation Scalping not allowed (120 seconds time limit for FX and commodities and 300 second limit for other CFDs) Expensive inactivity fee, $60 monthly after 90 days of inactivity.	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
2005	2018
💳 Minimum Deposit Range
From $50 to $5,000	$200
💰 Payment Methods
Visa Mastercard Bank Transfer PayTrust Praxis Pagsmile Skrill Neteller Plus Wallets Payment Asia GlobePay POLi Bitcoin	Bank Wire Credit Card Debit Card
💵 Account Base Currencies
17 - USD, EUR, AUD, AED, GBP, CHF, CAD, MYR, THB,VND, IDR, BRL, MXN, CLP, PEN, GTQ, NIO.	1 - EUR
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA, SY, IR, JP.
📊 STP Account
No	Yes
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
13,925	584
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
12,825	400
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
41	50
📗 Commodities
0	0
📗 Commodities CFDs
21	19
📕 Indices
0	0
📕 Indices CFDs
27	32
📔 ETFs
0	0
📔 ETFs CFDs
1,000	42
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
11	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
1 ETF	$2,500 trade value
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	$2,500 trade value
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$2,500 trade value
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	$2,500 trade value
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
500	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
No	No
📺 MetaTrader 5
Yes	No
📺 cTrader
No	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
After 90 days of inactivity, $60 every month.	Vestle charges an inactivity fee of $15 for every quarter of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	No for credit cards but yes for bank wires (up to $20).
💰 Commissions
None on Standard accounts. Yes in Pro and ECN accounts of $3 per lot side.	None
Spreads
📈 EUR/USD
Dynamic - From 0.1 to 1.2 Pips	Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 2 to 50 Pips	Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 2 to 50 Pips	Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $3
📈 XLK (ETF - CFD)
Unavailable	Dynamic - From 30 Pips
📉 BTC
Unavailable	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
📡 Educational Content
No	Yes
📡 Live Chat Support
No	No
📡 Video Tutorials
No	Yes
📡 Account Management
Yes	Yes
📡 Webinars
No	No