Vestle Broker Review
Is Vestle Trading a scam? Where is this broker located, and is it regulated? Since you found yourself here, I can only assume that you have a ton of questions. But you know what? You’ve arrived at the proper location. Looking for more information on Vestle broker? Then you should read this review.
Regulated by: CySEC
Headquarters Country: Cyprus
Foundation year: 2018
Supported Platforms: Multilingual and web-based platform, available for Android and iOS devices
Regulation and Security
Every company, especially an online trading company, must have licenses and laws in order for their business to be legitimate. Remember that all respectable brokers hold licenses. Does Vestle fall under this category? We’ll see. A member of the iFOREX group since its founding in 1996 is Vestle Trading. The CySEC (Cyprus Securities and Exchange Commission), Cyprus’ primary financial regulatory authority, has granted this broker a license and subjected it to its regulation as a CFD broker. Their corporate office is in Limassol, Cyprus, and they are run and controlled by iCFD Limited. Why is this such a big deal? Regulations prioritize keeping your information private while also ensuring that your money is secure in the event that a company files for bankruptcy.
In which countries does this broker work?
Vestle broker is well-known throughout Europe, including Spain, Italy, Greece, Poland, Germany, and others, thanks to its bilingual platform. In 2004, they made their first bilingual platform debut. Following then, the platform expanded by adding tens of thousands of traders from all over the world, primarily from Europe. Vestle broker is able to legally conduct business in China, French Guiana, French Polynesia, French Reunion, Guadeloupe, Indonesia, Malaysia, Martinique, Mayotte, Mexico, New Caledonia, Saint Martin, Switzerland, Ukraine, United Arab Emirates, and Wallis and Futuna Islands as long as they abide by the rules that govern CIFs. It is important to emphasize that the trading platform is only available to regulated jurisdictions. We caution you to exercise caution because the broker offers financial services unregulatedly to clients outside the EU as well.
What can you trade with a Vestle broker?
CFDs, also known as contracts for difference (CFDs), are a type of derivative trading instrument offered by Vestle Broker. This indicates that traders can hold either a long or a short position in the underlying financial instrument, and benefit when trades go their way. Vestle provides a comprehensive selection of options, including those for stocks, commodities, indices, and currencies. Let’s explore further. WTI crude oil, coffee, corn, sugar, platinum, silver, gold, soybeans, gasoline, cotton, cocoa, and many other items are examples of commodities. A few of them include the Europe 50, Spain 35, Turkey 100, US 500, US Tech100, VIX, UK 100, and India 50 indices. EUR/USD, AUD/USD, EUR/JPY, USD/CAD, and more currencies are CFD Currencies. There are 90 available currency pairs total.
Due to CySEC regulation, Vestle Broker is legitimate throughout the EEA region. You should, however, confirm that the broker is authorized to do business in your country.
In general, we advise avoiding trading with Vestel. If you do decide to try this broker, do not deposit large amounts on your balance.
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