Vestle
Visit

This broker is no longer active.

Vs.

ETX Capital
Visit

73.85% of retail CFD accounts lose money.

Vestle Vs. ETX Capital - Compare and Choose the Right One

Updated Oct 20 2022

Visit

This broker is no longer active.

Visit

73.85% 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.

Founded in 1965, ETX Capital dedicated the last decades to both spread betting and CFD trading until their recent rebranding into OvalX.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Forex traders for variety of currencies and high net worth equities
  • Traders seeking commission free equities inside their 250 commission-less selection
  • Traders who want to trade commodity futures and bonds 
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

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
The Good
  • Extremely simple platform designed for beginners with little needs
  • Commission-free trades for 250 equities
  • Low minimum deposit to open standard account (100£)
  • Wide selection of commodity futures and bonds
  • Decent educational material for market research, including seminars on indices, commodities and currencies
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
  • Doesn’t provide live news feed on standard account
  • No ability to purchase real stocks or ETFs (All assets are CFDs)
  • Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)
Status
Inactive 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
2018 1965
💳 Minimum Deposit Range
$200 From $100 to $10,000
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
💵 Account Base Currencies
1 - EUR 3 - EUR, USD, GBP
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR, JP.

US, BE, CN, SG, CH.

📊 STP Account
Yes No
📊 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 5,174
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
400 5,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
50 60
📗 Commodities
0 0
📗 Commodities CFDs
19 17
📕 Indices
0 0
📕 Indices CFDs
32 20
📔 ETFs
0 0
📔 ETFs CFDs
42 19
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
41 5
📒 Bonds
0 0
📒 Bonds CFDs
0 8
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 45
Trading Experience
📈 Minimum Stock Trade Size
$2,500 trade value 1 Share
📉 Minimum ETFs Trade Size
$2,500 trade value 1 ETF
📈 Minimum Crypto Trade Size
$2,500 trade value Varies by Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$2,500 trade value $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
$2,500 trade value Varies per commodity (Eg 0.1 for WTI, 1 for Cotton)
📉 Minimum Bonds Trade Size
Unavailable 1 Bond
📈 Minimum Futures Trade Size
Unavailable Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds)
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ 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
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 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 asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)

Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 60 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3 Dynamic - From $13
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips Unavailable
📉 BTC
Dynamic - From $120 Dynamic - From $226.4
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 No
📡 Video Tutorials
Yes No
📡 Account Management
Yes No
📡 Webinars
No No