Vestle
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76.68% of retail CFD accounts lose money.

Vs.

FBS
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76.5% of retail CFD accounts lose money.

Vestle Vs. FBS - Compare and Choose the Right One

Updated May 13 2022

Visit

76.68% of retail CFD accounts lose money.

Visit

76.5% of retail CFD accounts lose money.

Overview

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.

FBS is a global broker established in 2009 that specialises in currencies trading via MetaTrader 4 & 5 platforms along with their own proprietary mobile app.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • New traders looking to trade via MT4 with really low starting amounts using their Cent or Micro accounts
  • Experienced high volume traders looking for a fixed zero spread account
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

3

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • IFSC (Belize)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FSCA (South Africa)
The Good
  • Extremely simple platform designed for beginners with little needs
  • Clear account offering that covers all levels of traders according to their net worth
  • Proprietary copy trading service
  • Access to high leverage (Up to 1:3000)
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 extremely limited with over 100+ instruments
  • Minimum deposit for ECN account is high $1,000
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
2018 2009
💳 Minimum Deposit

200 € (But it can change at their discretion)

From $1 to $1,000
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Maestro
  • Neteller
  • Sticpay
  • Skrill
  • Perfect Money
  • Bank Transfer (depending on location and entity)
  • Bitcoin
  • Ethereum
  • USDT (Tether)
💵 Account Base Currencies
1 - EUR 3 - EUR, USD, AUD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, SY, IR, JP. JP, US, CA, MY, IL, IR.
📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
No Yes
Assets
📚 Available Assets

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

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

📙 Stocks
400+ 104
📘 Currency Pairs
50+ 102
📗 Commodities
19 8
📕 Indices
32 12
📔 ETFs
42 N/A
💸 Cryptocurrencies
41 28
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 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.

All of FBS assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value $1,000 - 0.01 Lots
📉 Minimum ETFs Trade Size
$2,500 in trade value N/A
📈 Minimum Crypto Trade Size
$2,500 in trade value $1,000 - 0.01 Lots
📉 Minimum FX Trade Size
$2,500 in trade value $1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
$2,500 in trade value $1,000 - 0.01 Lots
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:3000
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 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.

No
💰 Deposit Fees
No No
💰 Withdrawal Fees

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

No
💰 Commissions
No

FBS commissions vary per account type as follows:

  • Cent account: none
  • Micro account: none
  • Standard account: none
  • Zero spread account: From $20 per lot
  • ECN account: From $6 per lot
  • Crypto account: 0.05% for opening or closing positions
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips From 0 to 3 Pips based on account type
📉 SP500
Dynamic - From 90 Pips Dynamic - From $1.7
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 32 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3 Dynamic - From $0.08
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips N/A
📉 BTC
Dynamic - From $120 Dynamic - From $104
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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