Vestle
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Vs.

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

Updated Oct 20 2022

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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.

Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Traders familiar with MT4 and MT5 platforms
  • High volume traders looking for their specific asset offering combined with their Raw account’s low spreads
  • Cryptocurrency speculators looking for CFDs on major pairs with low spreads
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

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • ASIC (Australia)
  • SCB (Bahamas)
The Good
  • Extremely simple platform designed for beginners with little needs
  • Low spreads offered in their raw account
  • Wide variety of cryptocurrency pairs with low spreads
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
  • Asset offering is low when compared to similar brokers
  • Standard account spreads are relatively high (from 1 pip)
  • All assets are CFDs, there is no ability to buy real shares
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 2009
💳 Minimum Deposit Range
$200 $100
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Bank Transfer
  • Fasapay
  • POLi Payment
  • CUP (China Union Pay)
  • BPAY
💵 Account Base Currencies
1 - EUR 7 - AUD, CAD, EUR, GBP, NZD, SGD, USD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR, JP.

US, CA, SY, IR, CY.

📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
584 913
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
400 600
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
50 45
📗 Commodities
0 0
📗 Commodities CFDs
19 5
📕 Indices
0 0
📕 Indices CFDs
32 13
📔 ETFs
0 0
📔 ETFs CFDs
42 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
41 250
📒 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
$2,500 trade value $1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
$2,500 trade value Unavailable
📈 Minimum Crypto Trade Size
$2,500 trade value $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$2,500 trade value $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$2,500 trade value $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 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 Yes
💻 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 Yes
Fees
💰 Inactivity Fee

Vestle 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

Depending on account type:

  • Standard account has no commissions but spreads start from 1 Pip
  • Raw account has a $3.5 commission per lot round turn but spreads start from 0 Pips
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0 to 1 Pip
📉 SP500
Dynamic - From 90 Pips Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 21 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3 Unavailable
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips Unavailable
📉 BTC
Dynamic - From $120 Dynamic - From $16
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
No Yes
📡 Video Tutorials
Yes No
📡 Account Management
Yes No
📡 Webinars
No No