Vestle
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89.13% of retail CFD accounts lose money.

Vs.

Interactive Brokers
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Investing in financial products involves taking risk.

Vestle Vs. Interactive Brokers - Compare and Choose the Right One

Updated Jul 28 2022

Visit

89.13% of retail CFD accounts lose money.

Visit

Investing in financial products involves taking risk.

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.

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Seasoned investors looking for a one-stop shop to cover a variety of needs
  • Global investors who seek the most reliable discount service available
  • Traders from intermediate to advanced level
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

10

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • SEC (United States)
  • FINRA (United States)
  • FCA (United Kingdom)
  • ASIC (Australia)
  • IIROC (Canada)
  • MNB (Hungary)
  • BSE (India)
  • CBI (Ireland)
  • FSA (Japan)
  • CSSF (Luxembourg) CSSF
  • MAS (Singapore)
The Good
  • Extremely simple platform designed for beginners with little needs
  • High regulation
  • Exceptional number of investment instruments (Above 100,000+)
  • Competitive discount fees
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
  • Complicated account opening process
  • Platforms are not beginner friendly
  • Narrow choice of deposit options (Mostly bank transfer)
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 - 3 Days
📋 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 1978
💳 Minimum Deposit

200 € (But it can change at their discretion)

$ - 0
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Bank Transfer
  • ACH (US only)
  • Check (US only)
  • Debit Card (US only)
  • BPAY (Australia only)
💵 Account Base Currencies
1 - EUR 23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries
US, CA, SY, IR, JP. AF, SY, SO, SD, LY, NG, BI.
📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets

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

  • Real stocks, currencies, ETFs, options, futures, bonds, cryptocurrencies
  • CFDs on almost every possible asset class
  • Structured Products
📙 Stocks
400+ 78 markets
📘 Currency Pairs
50+ 105
📗 Commodities
19 35 markets
📕 Indices
32 13
📔 ETFs
42 13,000+
💸 Cryptocurrencies
41 4
📒 Bonds
N/A 60,000+
📓 Options
N/A 33 markets
📗 Futures
N/A 32 markets
📝 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.

Interactive brokers provides real assets (equities) from more than 100+ markets (exchanges) across the world and also provides CFDs (in allowed regions).

Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value

From 1 share - except for exchanges that allow fractional trading (US stock exchanges)

📉 Minimum ETFs Trade Size
$2,500 in trade value N/A for EU Citizens
📈 Minimum Crypto Trade Size
$2,500 in trade value

No minimum, but minimum fee is $1.75 per order

📉 Minimum FX Trade Size
$2,500 in trade value $25,000 (0.25 lots)
📈 Minimum Commodities Trade Size
$2,500 in trade value Varies per commodity (eg: 1 Ounce of Gold)
📉 Minimum Bonds Trade Size
N/A $1,000 for corporate/muni bonds, $1 million for treasury bonds
📈 Minimum Futures Trade Size
N/A 1 contract
📉 Minimum Options Trade Size
N/A 1 contract
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No No
📺 MetaTrader 5
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 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).

One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

💰 Commissions
No

Commissions depend on market and residency:

  • US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
  • European stocks have €3 minimum and 0.05% trade value.
  • Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
  • Options start at $0.25 per contract and go as low as $0.15 per contract.
  • Futures start at $0.85 per contract and go as low as $0.25 per contract
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0.1 pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 1 Pip
📈 GOLD
Dynamic - From 35 Pips N/A
📉 TSLA (Stock CFD)
Dynamic - From $3 Dynamic - From $0.50
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips N/A
📉 BTC
Dynamic - From $120 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes

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