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Vestle vs Tradeo 2023

BrokerNotes.co

Written by BrokerNotes.co

January 31, 2023

Trying to decide between Vestle and Tradeo? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Vestle ranks more highly than Tradeo.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingVestleTradeo
Overall Rating 7.1 / 10 6.4 / 10
Account TypeVestleTradeo
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account Yes No
Copy TradingVestleTradeo
Social Trading / Copy Trading No Yes
DupliTrade No No
ZuluTrade No No
CryptocurrencyVestleTradeo
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)VestleTradeo
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)VestleTradeo
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsVestleTradeo
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading No Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes No
ETF Yes Yes
U.S. Stocks (CFD) Yes Yes
Trading PlatformsVestleTradeo
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes No
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No Yes
Regulatory LicensesVestleTradeo
Tier-1 Licenses 1 0
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) Yes No
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) No No
Tier-2 Licenses 1 1
Tier-3 Licenses 1 0
Research, EducationVestleTradeo
Trading Central (Recognia) Yes Yes
Forex News (Top-Tier Sources) No No
Daily Market Commentary Yes No
Autochartist No No
Investor Dictionary (Glossary) No No
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) No No
Trading CostsVestleTradeo
Minimum Initial Deposit -1 $200
Average Spread EUR/USD - Standard -1 -1
All-in Cost EUR/USD - Active -1 -1
Active Trader or VIP Discounts No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolsVestleTradeo
Watchlists - Total Fields 9 7
Mobile Watchlist No Yes
Charting - Indicators / Studies (Total) 57 30
Mobile Charting - Indicators / Studies N/A 30
Trust FactorsVestleTradeo
Year Founded 1996 2012
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info Yes info
Trust Score 79 67
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Vestle vs Tradeo Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Vestle vs Tradeo.

Can I trust Vestle?

Vestle has a trust score of 79, giving it a "Average Risk" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Tradeo?

Tradeo has a trust score of 67, giving it a "High Risk" trust label.

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.

Is Tradeo a good broker?

Tradeo offers a proprietary platform that comes with a limited offering of products and services, and its educational content and research materials can't compete with the best forex and CFD brokers. In addition, Tradeo holds just one regulatory license, bringing its trust factor well below the industry average.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Vestle is FCA Authorised (U.K.), while Tradeo is none., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

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, both Vestle and Tradeo are CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Vestle is FSC Authorised (British Virgin Islands), while Tradeo is none., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Vestle supports a Proprietary Platform, whereas Tradeo supports a Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does Vestle offer MetaTrader? Does Tradeo offer MetaTrader?

For MetaTrader Vestle provides neither of these, while Tradeo provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Vestle and Tradeo differ in terms of minimum deposit? What about average spreads and funding options?

Vestle requires a minimum deposit of -1, while Tradeo requires a minimum deposit of $200. From our testing we found Vestle offers spreads of -1, while Tradeo offers spreads of -1. Vestle supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Tradeo supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Vestle or Tradeo?

Vestle offers a more diverse selection of investment options than Tradeo allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, Vestle has 750, compared to 256 from Tradeo.

Can I trade cryptocurrency with Vestle or Tradeo?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Vestle nor Tradeo allow you to trade physical cryptocurrencies.

Who offers more research tools, Vestle or Tradeo?

In terms of research and research tools Vestle gives traders the following tools: Daily Market Commentary, Stock Charts and Trading Central (Recognia). In comparison Tradeo has the tools listed here: Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading., neither have Autochartist and Forex News (Top-Tier Sources)

Broker Reviews

Still looking for more information, read our broker reviews.

Vestle Review

Tradeo Review

Overall winner: Vestle

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

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