Vestle
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89.13% of retail CFD accounts lose money.

Vs.

Oanda
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78.3% of retail CFD accounts lose money.

Vestle Vs. Oanda - Compare and Choose the Right One

Updated Jul 28 2022

Visit

89.13% of retail CFD accounts lose money.

Visit

78.3% 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.

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Forex traders of all levels (from beginner to advanced)
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

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • CFTC (U.S)
  • NFA (U.S)
  • ASIC (Australia)
  • FCA (UK)
  • MAS (Singapore)
  • IIROC (Canada)
  • FFAJ (Japan)
  • BVI (British Virgin Islands)
The Good
  • Extremely simple platform designed for beginners with little needs
  • High trustworthiness, regulated by the best regulators in the world
  • Fast, simple and professional trading platforms
  • Competitive spreads in their currency pairs
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
  • Extremely limited offering of assets (104)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
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 minimum (may take longer)
📋 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.

*There is no document verification needed for gross account deposits below US$9,000.

📍 Year Founded
2018 1996
💳 Minimum Deposit

200 € (But it can change at their discretion)

$, €, £, - 0.
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
1 - EUR 9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries
US, CA, SY, IR, JP. AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
No Yes
Assets
📚 Available Assets

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

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

📙 Stocks
400+ N/A
📘 Currency Pairs
50+ 68
📗 Commodities
19 13
📕 Indices
32 16
📔 ETFs
42 N/A
💸 Cryptocurrencies
41 4
📒 Bonds
N/A 6
📓 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 Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc.

Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value N/A
📉 Minimum ETFs Trade Size
$2,500 in trade value N/A
📈 Minimum Crypto Trade Size
$2,500 in trade value Varies by crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$2,500 in trade value 1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc)
📈 Minimum Commodities Trade Size
$2,500 in trade value Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
N/A 1 unit of any Bond contract
📈 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 1:100
✍ 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 Yes
💻 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.

Yes, $10 after 1 year of inactivity
💰 Deposit Fees
No No
💰 Withdrawal Fees

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

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

💰 Commissions
No

No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee.

Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 26 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3 N/A
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips N/A
📉 BTC
Dynamic - From $120 Dynamic - From $100
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No