Intro into the Company
Like iFOREX, another broker which we’ve reviewed on our website, Vestle is also part of the iFOREX Group and is a trading name of iCFD Limited, licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). At the present time, the company offers trading services for 800+ CFDs based on currencies, commodities, indices, shares, ETFs, and cryptocurrencies.
It mainly operates for European countries, offering its services (trading platforms, customer service, etc.) in multiple languages. The broker is compliant with regulation and claims to be using some of the most advanced data encryption methods.
Same like iFOREX, Vestle relies on two main platforms. The first is web-based and with all operating systems. It uses advanced charting methods, allows hedging, and most importantly, it is available in 7 different languages (English, Spanish, Italian, French, German, Greek, and Polish), ideal for traders who want to use a platform in their mother tongue.
The second platform is designed for both iOS and Android devices. Accessible and efficient, the Vestle mobile app works smoothly on any mobile device and can help traders to place trades quickly and constantly monitor your positions. Using it, clients will have complete access to the wallet, balance sheets, equity, and margin details. Also, market and account updates will be available as they happen.
Vestle also relies on a single standard live trading account for all customers, with a demo account available for those who want to test the trading conditions. The maximum leverage is 1:30 and the minimum deposit is 100 euros. When it comes to deposit/withdrawal methods, Skrill, Neteller, and wire transfer are the most important ones. Spreads are relatively low, as compared to other brokers, especially when it comes to popular and liquid trading instruments.
One of the most important resources of Vestle is the team working at the company. This is one of the few brokers offering multi-lingual customer support. Based on some of the online reviews written by clients, withdrawals are being processed very fast.
Clients who complete the registration process with Vestle will also get access to multiple video educational lessons, both basic and advances, about trading. Trading signals and price alerts are two other useful tools that some traders might use in their day-to-day activity.
Pros and Cons
– Regulated and secure broker.
– A diverse trading offer, with trading instruments ranging from 6 different markets.
– Responsive and innovative mobile trading software.
– Basic web-trading platform with limited functionalities.
– Automated trading and scalping not allowed.
– Limited leverage level.
Based on all the arguments mentioned above, Vestle is a regulated and trusted online trading company, offering access to a relatively-high number of instruments. Still, it may not be suitable for all traders, given that the web-based platform represents one of the main weaknesses. It all depends on what expectancies, requirements, and features each trader wants to get from the broker. This is a subjective matter, but in terms of reliability, we did not manage to find any compromising factor regarding Vestle.