Vestle
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76.68% of retail CFD accounts lose money.

Vs.

Plus500
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77% of retail CFD accounts lose money.

Vestle Vs. Plus500 - Compare and Choose the Right One

Updated May 13 2022

Visit

76.68% of retail CFD accounts lose money.

Visit

77% 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.

Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
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

3

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
The Good
  • Extremely simple platform designed for beginners with little needs
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
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
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
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 2008
💳 Minimum Deposit

200 € (But it can change at their discretion)

$, €, £ - 100
💰 Payment Methods
  • Bank Wire
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Skrill
💵 Account Base Currencies
1 - EUR 16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, SY, IR, JP. US, CA, CU, SY, IR.
📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets

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

CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies, indices and options.

📙 Stocks
400+ 2,000+
📘 Currency Pairs
50+ 70
📗 Commodities
19 25
📕 Indices
32 26
📔 ETFs
42 95
💸 Cryptocurrencies
41 14
📒 Bonds
N/A N/A
📓 Options
N/A

Option CFDs (Calls and Puts) on: Alphabet, Facebook, Apple, Deutsche Bank, Snap, Twitter, Amazon, Microsoft, Netflix, Tesla and NIO along with major indices and EUR/USD.

📗 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 Plus500's assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value Varies by Stock (Eg: 0.05 units of Tesla)
📉 Minimum ETFs Trade Size
$2,500 in trade value Varies by ETF (Eg: 0.5 units of XLK)
📈 Minimum Crypto Trade Size
$2,500 in trade value Varies by Crypto (Eg: 0.001 BTC)
📉 Minimum FX Trade Size
$2,500 in trade value $1,000
📈 Minimum Commodities Trade Size
$2,500 in trade value Varies by Commoditty (Eg: 0.2 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Varies by Option (Eg: 5 contracts of Tesla Calls)
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:300
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 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 Yes
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee

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

Yes, $10 every 3 months
💰 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 0.8 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 70 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3 Dynamic - From $5.2
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips Dynamic - From 7 Pips
📉 BTC
Dynamic - From $120 Dynamic - From $136
Research and Analysis
⭐ Watchlists
Yes No, only allows setting an individual favourites list
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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