Vestle vs Xtrade 2023

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 – in most cases – 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 “Do Not Trust” rating.

Xtrade has a trust score of 80, giving it a "Trusted" trust label.

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.

Xtrade offers a proprietary platform and holds an increasing number of regulatory licenses, but with less than 200 available symbols it just can't compete with the best forex brokers.

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 Xtrade is ASIC Authorised (Australia)., neither have 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)

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Vestle is CySEC Authorised (Cyprus), while Xtrade is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Vestle is FSC Authorised (British Virgin Islands), while Xtrade is IFSC Authorised (Belize)., neither have SCB Authorised (Bahamas), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Both Vestle and Xtrade offer a Proprietary Platform., neither have Desktop Platform (Windows), cTrader, DupliTrade and ZuluTrade

Neither Vestle or Xtrade 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)

Vestle requires a minimum deposit of -1, while Xtrade requires a minimum deposit of $250. From our testing we found Vestle offers spreads of -1, while Xtrade 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 Xtrade supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Vestle offers a more diverse selection of investment options than Xtrade allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting and Social Trading / Copy Trading Looking at total tradeable symbols, Vestle has 750, compared to 142 from Xtrade.

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 — including spot forex contracts. In terms of trading physical cryptocurrency neither Vestle nor Xtrade allow you to trade physical cryptocurrencies.

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

Broker Reviews