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.
Your capital is at risk.
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.
Vestle is one of the best brokers to work with. The software is fast and easy to use on a mobile phone. I can go through my account when I'm on the train and even take action if necessary. If you've deposited cash you get an individual contact at Vestle. He sends me emails with tips to look out for and has already earned me a good amount of money. Also when you request a payment he makes sure it's transferred quickly.
I've been a trader with Vestle for a number of years. Started out small and slowly grew into day trading. I quit my job 2 years ago and earn a good living from it. I advise every beginner not to start trading blindly. Read as much as you can on the Internet. There are also many books available on forex trading. On YouTube you have a lot of videos you can watch, but make sure they're the right ones and not for beginners. If you start trading, start with small amounts. There are also websites where you can follow forex traders, my advice is to do it yourself. All forex traders you can copy will sooner or later stop when their losses start to pile up.
I've been automatically logged out a number of times now. When I'm starting an order this is really annoying. Could you guys take a look at this otherwise I'll be forced to move to another platform. I've sent a number of print screens to customer service but still no response. Until this problem is resolved I won't be opening any new trades through Vestle.
Had 2 payments of 1000 euros through Vestle. Recently however, I've been sitting on a loss of 600 dollars. I wonder if it's got something to do with a change in the software or if it's due to my trades. I don't feel as though I've been doing anything differently compared to a few months ago. If someone from Vestle reads this could you please explain whether or not any changes have been made to the platform or the prices.
Saw a TV commercial and signed myself up. First followed a number of free courses and online seminars. After that I deposited 100 euros and started trading forex. I come from Turkey so my favourite is USD/TRY. I am therefore always up to date on the financial news in my country. I advise you to mainly use the currency from your own country for trading in forex. Another tip I'd give is to be patient and not to cut your losses too quickly. Sometimes I have positions that are on a 20% loss but a few days later have turned a profit.
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.