Vestle
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89.13% of retail CFD accounts lose money.

Vs.

City Index
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69% of retail CFD accounts lose money.

Vestle Vs. City Index - Compare and Choose the Right One

Updated Jul 28 2022

Visit

89.13% of retail CFD accounts lose money.

Visit

69% of retail CFD accounts lose money.

Overview

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.

City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Intermediate and experienced traders looking for a great asset variety on CFDs
  • Experienced traders looking to trade options over 17 asset classes
  • Share and ETF traders looking for a comprehensive offering
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

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
  • ADGM (United Arab Emirates)
The Good
  • Extremely simple platform designed for beginners with little needs
  • Very intuitive order placement panelEasy to execute a trade through various markets
  • Professional web platform with customisable workspaces
  • Integrated Reuters news feed directly in the platform
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
  • All assets are CFDs, there is no possibility to buy real stocks or ETFs
  • Cryptocurrency offering is below most of its competitors (only 5)
  • While easy to execute a trade, platform is difficult for a novice to navigate
Status
Inactive 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 1983
💳 Minimum Deposit

200 € (But it can change at their discretion)

$, €, £ - 100
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Maestro
  • Electron
  • PayPal
  • Bank Transfer
💵 Account Base Currencies
1 - EUR 8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, SY, IR, JP. US, CA, SY, IR.
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets

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

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

📙 Stocks
400+ 4,500+
📘 Currency Pairs
50+ 84
📗 Commodities
19 30
📕 Indices
32 25
📔 ETFs
42 740
💸 Cryptocurrencies
41 5
📒 Bonds
N/A 11
📓 Options
N/A Yes, option chains over 17 different products
📗 Futures
N/A N/A
📝 Notes:

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.

City index offers both CFDs and spread betting.<

Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value Varies per share starting from fractional share trading (eg: 0.1 shares)
📉 Minimum ETFs Trade Size
$2,500 in trade value Varies per ETFs starting from fractional ETFs trading (eg: 0.1 ETFs)
📈 Minimum Crypto Trade Size
$2,500 in trade value Varies per cryptocurrency - (eg: 0.01 BTC, 1 LTC)
📉 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
📉 Minimum Bonds Trade Size
N/A Varies per bond
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Varies per option
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
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

Vestle charges an inactivity fee of $15 for every quarter of inactivity.

Yes, 12£ monthly after 1 year of inactivity

💰 Deposit Fees
No No
💰 Withdrawal Fees

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

No
💰 Commissions
No
  • Spread betting markets have no commission
  • CFDs or FX trading has no commission as well (except equities: shares & ETFs)
  • Equity commissions depend on the market’s location (eg: UK and Europe have a 0.08% of transaction value fee, US equities and Asian ones have different percentages as well)
  • The minimum equity commission rates are $10, £10 or 10€.
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 35 Pips From 50 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 $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes