Vestle
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This broker is no longer active.

Vs.

IG
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79% of retail CFD accounts lose money.

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

Updated Oct 20 2022

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This broker is no longer active.

Visit

79% 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.

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
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

8

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • ASIC (Australia)
  • FMA (New Zealand)
  • NFA (United States)
  • DFSA (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
  • BMA (Bermuda)
The Good
  • Extremely simple platform designed for beginners with little needs
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
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
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
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 1974
💳 Minimum Deposit Range
$200 From $10 to $450.
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
1 - EUR 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

US, CA, SY, IR, JP.

SY, IR.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
584 35,227
Exchange Access
0 8
📙 Real Stocks
0 15,000
📙 Stock CFDs
400 15,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
50 80
📗 Commodities
0 0
📗 Commodities CFDs
19 37
📕 Indices
0 0
📕 Indices CFDs
32 76
📔 ETFs
0 2,000
📔 ETFs CFDs
42 2,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
41 15
📒 Bonds
0 0
📒 Bonds CFDs
0 19
📓 Options
0 0
📓 Options CFDs
0 1,000
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
$2,500 trade value 1/10 of Contract (5,000 Notional)
📉 Minimum ETFs Trade Size
$2,500 trade value 1/10 of Contract (5,000 Notional)
📈 Minimum Crypto Trade Size
$2,500 trade value 0.01 Contracts
📉 Minimum FX Trade Size
$2,500 trade value 1 Contract
📈 Minimum Commodities Trade Size
$2,500 trade value 1 Contract
📉 Minimum Bonds Trade Size
Unavailable 1 Contract
📈 Minimum Futures Trade Size
Unavailable 1 Contract
📉 Minimum Options Trade Size
Unavailable 1 Contract
💪 Retail Leverage
30 30
💪 Professional Leverage
500 250
✍ 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 No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee

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

After 24 months of inactivity, IG charges an $18 monthly fee.

💰 Deposit Fees
None None
💰 Withdrawal Fees

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

None
💰 Commissions
None

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 30 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 $90
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes
📡 Educational Content
Yes Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
Yes No
📡 Account Management
Yes No
📡 Webinars
No Yes