Vestle
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89.13% of retail CFD accounts lose money.

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OctaFX
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Vestle Vs. OctaFX - Compare and Choose the Right One

Updated Jul 28 2022

Visit

89.13% of retail CFD accounts lose money.

Visit

Your capital is at 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.

OctaFX is an international FX broker operating as an incorporated company from St. Vincent and the Grenadines specialising in currencies trading via MetaTrader 4 & 5.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Traders looking for a high leverage off-shore broker
  • New traders looking to experiment using MT4 & 5 with a no commission low-cost broker
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • Not regulated, Registered in St. Vincent and the Grenadines under IBC 19776.
The Good
  • Extremely simple platform designed for beginners with little needs
  • High leverage offered due to no regulatory restrictions
  • MetaTrader 4 & 5 platforms with their own copy trading integration
  • Low minimum deposit
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 having financial licenses, OctaFX does not operate using them, meaning that they are an unregulated broker.
  • Their asset offering is extremely limited (80 instruments)
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 2011
💳 Minimum Deposit

200 € (But it can change at their discretion)

$25
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Litecoin
  • Dogecoin
  • Bank Transfer
💵 Account Base Currencies
1 - EUR 2 - EUR, USD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, SY, IR, JP. US, CA.
📊 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 currencies, commodities, indices and cryptocurrencies.

📙 Stocks
400+ N/A
📘 Currency Pairs
50+ 35
📗 Commodities
19 5
📕 Indices
32 10
📔 ETFs
42 N/A
💸 Cryptocurrencies
41 30
📒 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 OctaFX’s assets are CFDs.

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 $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 1:500
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 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 No
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 20 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3 N/A
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips N/A
📉 BTC
Dynamic - From $120 Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No