Vestle (previously iFOREX) Review 2023

The world of Forex (foreign exchange) trading can seem a little intimidating at first because it has its own jargon and expertise. However the Vestle site does its best to welcome both newcomers and experienced Forex traders.

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About Vestle (previously iFOREX)

For those new to Forex trading, the site offers a wealth of help in its Education Centre. There are online tutorials and videos, as well as e-books and 1 to 1 personal coaching. There’s also a comprehensive glossary of all the terms you’re likely to come across in the trading world – so this is definitely one of the best sites you’ll find for user-friendliness.

Trading currencies
Currencies are always traded in pairs, and at Vestle you can of course, trade all the major pairs, such as EUR/USD (that’s Euro / Dollar). You can also trade what are known as the “cross pairs” – those are currency trades that don’t include the dollar, such as GBP/JPY which is sterling and Japanese Yen. It even offers what are called “exotic trades”. These are trades where one half of the trade is a less heavily traded currency – such as USD/ZAR – the US Dollar against the South African Rand.

Vestle allows you to trade on margin – that is to leverage against the amount you have deposited, in order to carry out larger trades. But importantly, they have negative balance protection, so you never run the risk of owing more than you have in your account, if a trade doesn’t go in your favour.

Not just Forex – and you can trade crypto currencies too. Forex and crypto currencies are a CFD service.

As well as Forex (CFD), Vestle allows you to trade in commodities (CFD), shares (CFD), indices (like the FTSE) (CFD), Exchange Traded Funds (CFD) and even crypto currencies such as Bitcoin (CFD).

You can trade on mobile or via the web, and you get access to a number of trading tools, including charts, an economic indicator calendar and a buy and sell signal alert. The site provides investment news, market analysis and a weekly roundup as well.

Vestle is PCI certified, which means that it can handle card payments securely. It also has 256 bit SSL encryption on its trading platform. And it keeps watch constantly to make sure that none of your trades is taking you into a negative balance.

All in all, Vestle is a good place to start trading. It goes to great lengths to explain the processes and jargon, and its explanations are clear and easy to follow.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87% of retail investor accounts lose money when trading CFDs with this provider. 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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