Vestle Review

Vestle is a financial services firm that facilitates online trading in forex, commodities, indices, stocks, ETFs, CFDs and cryptocurrencies. As a member of the iFOREX group, it provides modern technological advances in the financial markets along with trading tools, educational resources and analytical tools.

Pros / Cons
  • Regulated broker
  • Over 800 trading instruments
  • Trading signals, market sentiment & other trading tools
  • Daily market analysis
  • Traders’ educational resources are provided
  • Scalping is not allowed
  • Automated trading is not supported by the trading platform
  • No MetaTrader platforms
  • Services are restricted to certain countries
  • Not the lowest spreads
  • No live chat support
  • Inactivity fees

In this detailed Vestle review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Vestle Overview

Vestle is a forex/CFD broker that was set up as iFOREX in Cyprus in 2011. They rebranded in 2018 to better represent its focus on clients in the European Economic Area (EEA). Today, the broker boasts of 60,000 clients from 20 countries. Vestle offers over 800 trading instruments for trading on its proprietary web based and mobile trading platforms.

Vestle operates out of Limassol, Cyprus where it has an office. Over 4,200 transactions are done daily on its platform. Vestle provides its clients with the same trading tools and aids as well as 22 years experience and expertise used by its mother company; the iFOREX group which has been operating for almost a quarter of a century and provides financial data services to the German, Italian and London stock exchanges.

Vestle provides educational resources which includes one on one training sessions, trading videos and articles as well as the latest financial market analysis for traders.

Vestle Regulation

Vestle is the trading name of iCFD limited which is licensed and authorized by the Cyprus Securities and Exchange Commission (CySEC). It has the license number #143/11.

It is also regulated by the Financial Conduct Authority (FCA) of the United Kingdom through its British arm, Black Pearl Securities Limited, UK. It has the registration number 08823678. Please see the trading brokers BP Prime review for more information.

Vestle Broker Regulation

Vestle Broker Regulation

Vestle must adhere to the principles and regulations of the European Parliament’s Markets in Financial Instruments Directive II (MiFID II) as well as the European Securities and Markets Authority (ESMA).

Vestle keeps its clients’ funds in segregated bank accounts in order to abide with the strict regulatory provisions of CySEC.  Segregated funds should not be accessed by the broker and eligible clients may be able to receive compensation if the broker becomes insolvent.

As a Cyprus Investment firm (CIF), iCFD limited is a member of the Investor Compensation Fund (ICF). If for any reason, the broker suffers bankruptcy, then its eligible clients may be entitled to a maximum of 20,000 Euros compensation under the ICF scheme.

The broker is audited by the internationally renowned auditors ‘KPMG’. Security of payment through the Vestle website is provided with the PCI certification which certifies that the site meets the Payment Card Industry Data Security Standards. Vestle state that they operate a negative balance protection policy which means clients should not lose more than what they have invested on the platform.

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Vestle Countries

Vestle was set up to administer its services to clients in the European Economic Area (EEA). But they also accept clients from China, Malaysia, Mexico, Ukraine, Switzerland, United Arab Emirates and Indonesia as well as dependent territories of EEA members. However, the broker cannot provide services to some countries such as the USA.

Some Vestle broker features and products mentioned within this Vestle review may not be available to traders from specific countries due to legal restrictions.

Vestle Platforms

Vestle Vestle Trading Platform

Vestle Vestle Trading Platform

FXnet Web Trading Platform

Vestle has its proprietary trading platform known as FXnet. It is a web-based platform so there’s no need to download any software as it runs directly in the web browser. The FXnet platform has an intuitive interface that is easy to use. It has multiple analytical and trading tools.

Clients can place their trades using multiple order types including market and limit orders. Market analysis and sentiments as well as trading signals are available in the platform. It supports up to 6 chart styles that can be displayed over 13 timeframes; from tick to monthly. Around 24 analytical tools are supported and up to 57 technical indicators are available for technical analysis.

The platform can be customized to suit each trader’s preference and has a built-in economic calendar for fundamental analysis. It supports 7 languages and is compatible with web browsers on Mac, Windows and Linux devices.

Vestle Review FXnet Trading Platform

Vestle Review FXnet Trading Platform

Vestle Trading App

The Vestle app is the proprietary mobile trading platform from Vestle which enables clients to trade on the move. It contains similar tools and features available on the FXnet Web trader which have been optimized for mobile devices including phones and tablets. Clients can also access their wallets and manage their equities through the app. The Vestle app is available to download for free from the Apple store and the Google play store.

Vestle Vestle Trading App

Vestle Vestle Trading App

Vestle Trading Tools

Live Rates

Clients can view the real time price quotes of any trading instrument of their choice on the Vestle website. Criteria like the most popular or top movers can be used to view the performances of hundreds of trading instruments. This can help to assist the trader’s decision making and in monitoring prices of favorite assets.

Vestle Live Rates

Vestle Live Rates

Daily Analysis

Daily analysis of events is published daily on the Vestle website. It comprises of happenings in the financial/economic world as well as updates on various trading instruments. It comes in PDF format but the PDF software is available to download freely on the site in case the client does not already have it on his device.

Economic Calendar

Traders who employ fundamental analysis strategies can use the economic calendar on the Vestle website to know the actual time and potential impact of any economic event that could affect their trading. The economic calendar shows the dates, time, importance level, country and forecast of economic events that usually have impacts on the financial markets.

The economic calendar provided by Vestle shows the details of the analysis, forecasts and other info that will help the trader. This is displayed when you click the ‘+’ sign beside the period column of the economic calendar.

Vestle Economic Calendar

Vestle Economic Calendar

Trading Signals

Vestle provides two weeks of free trading signals to all new traders. This is to make them get comfortable with trading on the platform and boost their professional confidence. There are absolutely no guarantees on how the signals will perform and you should have a clear understanding of all the significant risks involved with trading online.

Trading Sentiment

This is a platform tool that shows the percentage of traders buying or selling an asset. This is important for some traders who like to follow the market sentiments and is often used as part of a contrarian trading strategy.

Vestle Market Sentiment

Vestle Market Sentiment

Vestle Education

Vestle offers educational resources to its clients in the quest to help them grow professionally. One of these includes a personalized training session with a trading coach. This provides clients with customized training that focuses on their own needs and desires with the aim of helping them succeed.

Other training resources include trading video lessons, trading guides and educational articles on forex/CFD trading in general. However, these resources are only available to those who open a live account on Vestle. Clients can also put into practice what they have learnt on a demo trading account.

Vestle Instruments

Traders have a very wide choice when it comes to trading instruments on Vestle. There are more than 800 instruments available. These consist of 85 forex currency pairs, 15 cryptocurrencies, 20 commodities, 52 Exchange Traded Funds (ETFs), 34 indices and 600+ stocks

Vestle Accounts & Fees

Standard Account

This is the main live account available to all clients. All the trading instruments available can be traded on this account. There is no minimum threshold to operate this account but an assessment of the traders trading abilities will determine the minimum deposit they can make.

No commissions are charged. The spreads and overnight financing/swaps are the primary costs associated with this account. Spreads are variable but competitive. The spreads for the most traded forex pairs, EURUSD and GBPUSD range between 0.7-2.0 pips. These are not the lowest spreads the trading brokers review team have seen as many ECN brokers offer spreads from 0 pips.

The minimum position size that can be traded is 0.03 lots. The maximum leverage allowed is 1:2 for cryptocurrencies and 1:30 for other trading instruments in compliance with ESMA directives. Every account holder is entitled to an account manager. Scalping, automated trading and the holding of multiple accounts are not allowed on Vestle.

Islamic Account

The major difference with this account is the absence of swaps or overnight financing on trading activities. This was designed for clients of the Muslim faith who are mandated to adhere to the provisions of the Sharia law that is against the charging of interest. However, the broker has the sole discretion of determining if any client that requests for this account should be granted. Spreads for this account are also larger than those for the standard account.

Demo account

Vestle offers a demo account that has similar trading conditions to a live account except for the fact that you trade with virtual funds. Clients can use this to practice their trading skills and familiarise themselves with the brokers platforms.

Some other fees include a $15 inactivity fee per quarter on dormant accounts. There is also a charge on international bank transfers with a maximum of $20 per transfer.

As broker fees can vary and change, there may be additional fees that are not listed in this Vestle review. It is imperative to ensure that you check and understand all of the latest information before you open a Vestle broker account for online trading.

Vestle Support

Vestle customer support is multilingual with 8 major European languages supported. Customer inquiries, comments or requests to Vestle can be made between 4am – 8pm GMT on weekdays. Customer support representatives can be reached through phone, fax and email. In addition, there are numbers for specific European countries which clients resident in those countries can make use of. There is no online live chat support on the brokers website.

There is also a FAQ section where frequently asked questions that have been answered are displayed. Customer representatives can also perform hands-on trouble shooting activities for clients using remote access software/web conferencing software. They are also available on social media through Facebook, Instagram and Twitter.

Vestle Deposit & Withdrawal

Vestle aims to process deposits and withdrawals in a timely manner. US dollars and Euros are the currencies accepted. Deposits and withdrawals can be done on the personal account page. The broker however insists that the same method used for deposits should also be used for withdrawals.

Credit/Debit Cards

Vestle accepts deposits and withdrawals via credit/debit cards. The acceptable cards are Visa, MasterCard, Maestro, Diners Club and Discover. Processing of funds using credit/debit cards could take up to 14 business days, especially withdrawals. Please note however that when withdrawing, funds in excess of your initial deposit on the card will be sent to you through bank transfer.

Bank Wire

International bank transfer is a safe way to deposit and withdraw funds from a Vestle account. It can take 3-5 days to process funds through this method. US$20 is charged for every bank transfer.


Online money payment options acceptable on Vestle include PayPal, Neteller and Skrill.

Vestle Payment Methods

Vestle Payment Methods

Vestle: Account Opening

You can click on the ‘Register’ tab on the Vestle website to commence the account opening procedure. A short form will appear where you can fill your name, email and phone number then click ‘continue’.

Vestle Account Opening Form

Vestle Account Opening Form

You are then presented with a Captcha security check after which a welcome screen displays with your email and an assigned password. You are also sent an email containing your login details, account numbers and instructions on how to get started.

You can login to the trading platform immediately but your account will not be activated until you complete the questionnaire, verify your account and make a deposit.

On successful registration and account activation, your 2-week start-up package commences with access to the trading platform, one on one session with a trading coach and two weeks of free trading signals.

It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.

Vestle Summary

Vestle is part of the iFOREX group which has been offering financial services globally since 1996. The broker is licensed and regulated, boasting a large number of diversified trading instruments alongside a modern trading infrastructure which provides competitive trading conditions including reliable execution speeds. Vestle also provides traders with a selection of educational materials, trading tools, daily market news and analysis.

Despite the positives, the Vestle trading platform does not support scalping or automated trading nor does it allow the implementation of customized indicators and tools. They do not have the lowest spreads and do not offer the popular MetaTrader platforms that so many traders around the globe have become so accustomed to using for trading online. In addition to this, they charge an inactivity fee and have no live chat support.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.6% 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.

Vestle Logo

Min $1 Deposit

Vestle is a regulated financial services provider that facilitates online trading across various asset classes including Forex, Commodities, Indices, Stocks, ETFs & Cryptocurrencies.