Vestle Review: A Comprehensive Analysis of a European Forex Broker

 

 

 

Vestle:  Formerly known as IFOREX is the European trading arm of ICFD

Vestle is the European trading arm of ICFD limited which was formerly known as IFOREX, one of the largest and well-known forex brokers in the industry. The company is licensed to trade forex and CFDs by the Cyprus Securities and Exchange Commission under license # 143/11. The company offers several different trading platforms including a web browser and a mobile app. The physical office is located at the corner of Agiou Andreou & Venizelou Streets, Vashiotos Agiou Andreou Building, Second Floor, P.O.B 54216, Limassol, Cyprus.

Vestle offers several ways to contact the company including an email address for technical support, trading support and customer support.  They list several phone numbers where you can touch base with support as well as inquire regarding general information. The company lists their telephone number in 10-different European countries. All of their legal documentation is listed on their website and conveniently located in one area.

Products

Vestle offers a wide variety of trading tools with a focus on contracts for differences. The CFDs offered include several commodities, indices, currencies as well as shares. When you trade a CFD, you are only responsible for the change in the price of the security. You don’t actually have to purchase or sell the security. In addition, Vestle offers several Exchange Traded Funds (ETFs). These are trading products that capture sectors of the markets. For example, if you wanted to speculate on the direction of the energy sector, you could purchase or sell the XLE ETF.

News and Information

Vestle offers its clients an economic calendar that provides forecasts of key economic events. Economic data is listed for a range of dates, along with a forecast which describes the average estimate for economists following that event. Additionally, Vestle lists the actual press release along with the previous releases. This will allow traders to compare and see if the actual press release was better than or worse than expectations. This information helps drive the prices of many CFDs.

Trading Platforms

Unlike MT4, the Vestle trading platforms are customized.

Unlike MT4, the Vestle trading platforms are customized. Their browser version, FXnet, is a web-based platform that was developed and adapted based on more than 20-years of experience in building forex platforms. The FXnet meets the requirements of all levels of traders by displaying multiple tools and features and are extremely easy to use. Vestle also provides clients with a mobile platform for traders that are on the go. The mobile platform allows customers to quickly place trades and constantly monitor positions. You will have access to your wallet, positions, equity and margin details. You can easily download the Vestle mobile application from the Apple Store or Google Play.

GETTING STARTED

Vestle makes the process of getting started relatively simple. They request that you describe what kind of trader you are, which falls into one of three categories. Are you a specialized trader, a diversified portfolio trader or an all in one trader? They also offer one on one training which makes the process of getting up to speed easier.

SUMMARY

Vestle is the European arm of the iFOREX Group. iFOREX Group has more than 20-years of trading experience and they are delivering a customized platform to traders across Europe. Their web-based platform and mobile app, appeals to traders on the go, and will allow you to monitor your risk and balance if you need to leave your office.

The materials contained on this document are not made by Vestle but by an independent third party and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 88% of retail investor accounts lose money when trading CFDs with Vestle. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Full disclaimer: https://www.vestle.com/legal/analysis-disclaimer-third-party.html