Plus500
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72% of retail CFD accounts lose money.

Vs.

Vestle
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76.68% of retail CFD accounts lose money.

Plus500 Vs. Vestle - Compare and Choose the Right One

Updated May 13 2022

Visit

72% of retail CFD accounts lose money.

Visit

76.68% of retail CFD accounts lose money.

Overview

Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options

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
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
  • Beginner traders with little to no experience looking to test a simple platform
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

3

Other Licenses

1

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
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
  • CySec (Cyprus)
The Good
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
  • Extremely simple platform designed for beginners with little needs
The Bad
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • 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.

📍 Year Founded
2008 2018
💳 Minimum Deposit
$, €, £ - 100

200 € (But it can change at their discretion)

💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Skrill
  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies
16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD. 1 - EUR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, CU, SY, IR. US, CA, SY, IR, JP.
📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies, indices and options.

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

📙 Stocks
2,000+ 400+
📘 Currency Pairs
70 50+
📗 Commodities
25 19
📕 Indices
26 32
📔 ETFs
95 42
💸 Cryptocurrencies
14 41
📒 Bonds
N/A N/A
📓 Options

Option CFDs (Calls and Puts) on: Alphabet, Facebook, Apple, Deutsche Bank, Snap, Twitter, Amazon, Microsoft, Netflix, Tesla and NIO along with major indices and EUR/USD.

N/A
📗 Futures
N/A N/A
📝 Notes:

All of Plus500's 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 (Eg: 0.05 units of Tesla) $2,500 in trade value
📉 Minimum ETFs Trade Size
Varies by ETF (Eg: 0.5 units of XLK) $2,500 in trade value
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.001 BTC) $2,500 in trade value
📉 Minimum FX Trade Size
$1,000 $2,500 in trade value
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.2 Troy ounces of Gold) $2,500 in trade value
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
Varies by Option (Eg: 5 contracts of Tesla Calls) N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:300 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No No
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
Yes, $10 every 3 months

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 No
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 70 Pips Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 30 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $5.2 Dynamic - From $3
📈 XLK (ETF - CFD)
Dynamic - From 7 Pips Dynamic - From 30 Pips
📉 BTC
Dynamic - From $136 Dynamic - From $120
Research and Analysis
⭐ Watchlists
No, only allows setting an individual favourites list Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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