Vestle
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76.68% of retail CFD accounts lose money.

Vs.

Forex.com
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Majority of retail CFD accounts lose money.

Vestle Vs. Forex.com - Compare and Choose the Right One

Updated May 13 2022

Visit

76.68% of retail CFD accounts lose money.

Visit

Majority 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.

Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Traders of all levels (beginner to advanced) looking for competitive pricing
  • Trades of all levels looking for a great platform variety
  • High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades
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

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FINRA (United States)
  • FCA (UK)
  • FFAJ (Japan)
  • IIROC (Canada)
  • CySec (Cyprus)
  • CIMA (Cayman Islands)
The Good
  • Extremely simple platform designed for beginners with little needs
  • Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
  • Excellent asset offering (more than 5,000+ instruments)
  • Competitive spreads in some of their assets
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
  • Despite presenting a great customisable platform, it still feels messy and not intuitive to use
  • Commissions are expensive when compared to similar competitors 
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 2001
💳 Minimum Deposit

200 € (But it can change at their discretion)

$100
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bank Transfer
💵 Account Base Currencies
1 - EUR 6 - GBP, USD, EUR, AUD, JPY, CHF.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries
US, CA, SY, IR, JP. None
📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets

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

CFDs on currencies, commodities, indices, bonds, shares and cryptocurrencies.

📙 Stocks
400+ 4,500+
📘 Currency Pairs
50+ 93
📗 Commodities
19 35
📕 Indices
32 24
📔 ETFs
42 700+
💸 Cryptocurrencies
41 5
📒 Bonds
N/A 14
📓 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 Forex.com’s assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value Varies per share (eg: 0.3 AMZN shares)
📉 Minimum ETFs Trade Size
$2,500 in trade value Varies per ETF (eg: 5 contracts of XLK)
📈 Minimum Crypto Trade Size
$2,500 in trade value Varies per Cryptocurrency (eg: 0.01 BTC)
📉 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 (eg: 1 contract of Gold)
📉 Minimum Bonds Trade Size
N/A Varies per Bond (eg: 1 contract of Euro Bobl)
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes Yes
🎓 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 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, $15 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

Yes depending on account type.

  • Standard account has no commissions
  • “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 90 Pips 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 From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes

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