Vestle Review

Review

Vestle is the new trading name of iCFD Ltd, an online Forex and CFD market-making brokerage launched in 2011, formerly known as iForex. They are headquartered in Cyprus and regulated by the Cypriot regulator CySEC. They offer traders the opportunity to trade an unusually wide range of instruments wrapped as CFDs (Contracts for Difference), even including a selection of ETFs (exchange-traded funds). Access to such a wide-ranging investment universe is unusual in the retail online brokerage industry. In addition to ETFs, Vestle offer trading in commodities, indices, individual stocks, cryptocurrency, and Forex currency pairs across both major and minor financial markets. A total of over 600 instruments can be traded with Vestle.

Vestle Broker Review

Accounts

Vestle currently offers only a Standard Account and a demo account through which traders can test the brokerage’s service.

Vestle’s Standard Account offers a typical spread on the benchmark EUR/USD currency spread of about 2 pips, which is a little on the high side for anyone depositing a four-figure sum or greater. No commissions are charged in addition to the spread, which floats, so what you see is what you get - even overnight. All account holders, without exception, are entitled to one-on-one basic training with a trading coach, which is a pretty nice offer – most brokerage typically restrict this to the “high rollers” only. Even better than that is the guaranteed, legally binding negative balance protection, which ensures that clients cannot under any circumstances be liable for an amount greater than they deposit with Vestle.

A maximum leverage of 30 to 1 is available in Forex trading, in line with new European Union-wide regulations. Lower maximums apply to most of the non-Forex instruments which are offered. All accounts offer a minimum trade size of 1 micro-lot (0.01 full lots).

A demo account is available, as is typical with nearly all spot Forex and CFD brokers.

An extremely wide range of CFDs of over 80 Forex currency pairs, 18 commodities (including softs), 28 global stock market indices, over 350 major individual stocks and shares, 48 ETFs, and more than 10 cryptocurrency pairs.

Scalping is not allowed, and automated trading is not possible.

Vestle Broker Review

Features

Vestle’s most notable feature is its exceptionally wide-ranging offering, centered upon a huge amount of individual stocks and shares CFDs. This could make it a suitable vehicle for traders who want to have at least partial exposure to investment-style, widely diversified trading, although of course as is typical, there is usually an overnight financing fee to pay for holding a position past the rollover time at the end of the global trading day.

Vestle’s platform offering is unusual. Firstly, they do not offer either of the widely-used MetaTrader platforms (MetaTrader 4 or MetaTrader 5). Instead, they have their own self-designed, customized trading platform, the web-based FX Net, as well as a mobile platform through the Vestle application.

Vestle Broker Review

Education

Vestle will be offering a wide variety of educational tools such as Vestle offers video tutorials, PDF guides, and articles to help traders improve their trading.

and more. However, at the time of writing, the brokerage’s rebranding is underway, and this section has yet to be added to their website, so we are unable to review it. We except it will be very similar to iForex’s Education section, which is very extensive, of quite good quality, and covers a wider range than most online trading academies.

Bonuses and Promotions

Several bonuses and promotions have been prohibited under Cypriot and European Union regulations, and as this is the area which regulates Vestle, no bonuses or promotions can be offered.

Deposits/Withdrawals

Depositing funds into a Vestle account is an easy and secure process. Funding can be done using a few different methods, including credit cards, Neteller, Moneybooker, and wire transfers. Withdrawals are generally made through the same channel that deposits have been made through.

Customer Support

Customer support is based in Cyprus, but there are dedicated telephone lines for each of 8 countries, offering business hours support in a range of native languages.

Conclusion

Vestle has a well-rounded and professional offering for traders looking to trade a wide range of assets in the form of CFDs, particularly individual shares and ETFs where it stands out from the crows. Traders looking for access to a wide range of markets through a market-making broker who are not particular about the trading platform used will find their offer especially interesting, and quite possibly attractive enough to open an account.

 

*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.  

Back to Top

Features

In terms of features, the stand-out strengths of this broker’s offerings are:

  • An unusually wide range of instruments available for trading: commodities, indices, cryptocurrency, and Forex currency pairs; also, an extremely wide range of individual equities wrapped as CFDs, as well as ETFs. This may be the widest offering in the retail CFD brokerage industry globally.
  • Negative balance protection.
  • Regulated by a major industry center (Cyprus).
  • Owned and managed by a well-established industry group with a reputation.
  • Relatively reasonable spreads for small depositors.
  • All account holders entitled to free 1-on-1 training.

Company Information

  • Broker's Name : Vestle
  • Headquarter : Cyprus
  • Regulation : CySEC

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : €100
  • Maximum Leverage : 1:30
  • Commissions / Spreads : Spread
  • Account 1 : Standard
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : Proprietary platform, Web-based
    • Platform Languages :
      • English
      • Spanish
      • Italian
      • French
      • German
      • Greek
      • Polish
    • OS Compatibility :
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • One-click Execution :
  • OCO Orders :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Spanish
      • Italian
      • French
      • German
      • Dutch
      • Greek
      • Polish
  • Support Hours : 9am to 5pm
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Huge Selection of Assets
  • No Scalping
  • No Choice of Platforms

Back to Top

Platform

FXnet

Vestle’s proprietary web-based platform is called FXnet. As the company has been in the business for a very long-time, their developers seem to have known what they were doing The FXnet can be fully customized according to specific requirements, displays multiple tools and features and is extremely easy to use. FXnet can be described as:

  • A simple, friendly, intuitive interface
  • Allowing a choice of over 600 instruments to trade
  • Featuring charts, market sentiment, signals and more informative tools

It is intuitive and easy to use, although there is no downloadable version of it which can be used on a PC, which some traders may not like as web-based platforms can be occasionally glitchy if connectivity or software issues arise.

Mobile Platform

Vestle’s mobile platform is available through the Vestle application which is compatible with all smartphones and tables. Features offered include accurate market rates, ample trading options, a nice interface.

Traders can customize their own layout for the mobile app. The app is designed for ease of use and it shows. The Vestle mobile application also includes money and risk management tools, as well as smart market update and an extensive educational program.

Back to Top

User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.



1 User Reviews
Laura Perkings

Very easy to use and get started. So far so good.

Comments
Add Comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Back to Top

Review info: Vestle
Review Date:
Rating : 3.5
Reviewed By :