Spreadex vs Vestle Comparison
Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between Spreadex and Vestle? Our independent database powered by our unbiased research will help you compare Spreadex vs Vestle side-by-side.
What is Trust Score?
Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.
Can I trust Spreadex?
Spreadex has a Trust Score of 71, giving it a "Average Risk" Trust Score Label.
Can I trust Vestle?
Vestle has a Trust Score of 78, giving it a "Average Risk" Trust Score Label.
Is Spreadex a good broker?
Spreadex is best known for pioneering sports betting, but it also caters to financial trading through its FCA-regulated entity in the U.K. Spreadex offers its proprietary Spreadex Trading platform as well as a growing selection of markets; that said, fans of third-party platforms like MetaTrader and cTrader will be disappointed to find that Spreadex does not support any third-party platforms. Spreadex can't compete with the best forex brokers in certain key categories, such as education and research, and its lack of additional Tier-1 regulatory licenses weighs down its overall Trust Score rating.
Is Vestle a good broker?
Vestle, previously known as iForex, offers a proprietary trading platform as well as a growing selection of nearly 750 symbols. However, MetaTrader is not available at Vestle, and traders aren't able to open a demo account.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. both Spreadex and Vestle are United Kingdom (U.K.) (FCA Authorised).. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Spreadex is none, while Vestle is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Spreadex is none, while Vestle is British Virgin Islands (FSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both Spreadex and Vestle offer a Proprietary Platform. Neither have Desktop Platform (Windows), cTrader, DupliTrade and ZuluTrade
Does Spreadex offer MetaTrader? Does Vestle offer MetaTrader?
Neither Spreadex or Vestle offer MT4 or MT5. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.. Neither have MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
How do Spreadex and Vestle differ in terms of minimum deposit? What about average spreads and funding options?
Spreadex requires a minimum deposit of $0, while Vestle requires a minimum deposit of -1. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that Spreadex supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for funding and deposit methods, whereas Vestle supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)
Which broker offers more tradeable asset classes, Spreadex or Vestle?
When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Spreadex delivers a more diverse selection of investment options than Vestle, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Social Trading / Copy Trading.
We also keep track of each broker’s total number of tradeable symbols; Spreadex offers 2000, and Vestle offers a total of 750 tradeable symbols.
Can I trade cryptocurrency with Spreadex or Vestle?
Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither Spreadex nor Vestle allow you to trade physical cryptocurrencies.
Who offers more research tools, Spreadex or Vestle?
Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Spreadex delivers the following research tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). Vestle, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Trading Central (Recognia). Neither have Autochartist and Social Trading / Copy Trading
Overall winner: Spreadex
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.