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Vestle vs FXOpen 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Vestle better than FXOpen? In our analysis of 23 international regulators across 62 of the best forex brokers, Vestle is considered average-risk, with an overall Trust Score of 79 out of 99. FXOpen is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingVestleFXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 79 80
Winner check_circle
Review
RegulationVestleFXOpen
Trust Score 79 80
Year Founded 1996 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info Yes info
Tier-1 Licenses 1 2
Tier-2 Licenses 1 1
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)VestleFXOpen
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)VestleFXOpen
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)VestleFXOpen
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) Yes No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsVestleFXOpen
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 750 87
Forex Pairs (Total) 88 25
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading No Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostVestleFXOpen
Average Spread EUR/USD - Standard N/A N/A info
All-in Cost EUR/USD - Active N/A N/A info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingVestleFXOpen
Minimum Deposit -1 $100
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsVestleFXOpen
Proprietary Platform Yes No
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
Social Trading / Copy Trading No Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No Yes
cTrader No No
DupliTrade No No
ZuluTrade No Yes
Trading ToolsVestleFXOpen
Virtual Trading (Demo) No Yes
Alerts - Basic Fields No Yes
Watchlists - Total Fields 9 7
Charting - Indicators / Studies (Total) 57 30
Charting - Drawing Tools (Total) 25 15
Charting - Trade From Chart Yes Yes
Charts can be saved No Yes
Mobile TradingVestleFXOpen
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields No Yes
Mobile Watchlist No Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies N/A 30
Mobile Charting - Draw Trendlines No Yes
Mobile Charting - Multiple Time Frames No Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar No Yes
ResearchVestleFXOpen
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) No Yes
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationVestleFXOpen
Has Education - Forex or CFDs No No
Client Webinars No No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No Yes
Major Forex PairsVestleFXOpen
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review
OverallVestleFXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 79 80
Winner check_circle
Review
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Vestle vs FXOpen Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Vestle vs FXOpen.

Does Vestle or FXOpen offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FXOpen offers better pricing overall for traders.

Is Vestle or FXOpen safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FXOpen holds 2 global Tier-1 licenses, while Vestle holds 1. Both Vestle and FXOpen hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FXOpen earned a higher Trust Score than Vestle.

Which trading platform is better: Vestle or FXOpen?

To compare the trading platforms of both Vestle and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXOpen offers a better experience. With research, Vestle offers superior market research. Finally, we found FXOpen to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Vestle provides traders 88 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, Vestle offers traders access to 750 CFDs while FXOpen has 87 available CFDs, a difference of 663.

Can I trust Vestle?

Vestle is not publicly traded and does not operate a bank. Vestle is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Vestle is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

Can I trust FXOpen?

FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Vestle good?

Vestle is operated by a long-standing company, previously known as iForex, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.

Is FXOpen good?

FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

Overall winner: Vestle

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