Vestle Review: Could This Broker Scam You?
Could Vestle trading be a scam? Is it regulated and where is this broker based? I am sure you have a lot of questions simply because you ended up here and you know what? You’ve come to the right place. Want to know more about Vestle broker? Then this review is for you.
|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
Licenses and regulations are something that every company needs to have, especially an online trading company, all for their business to be legit. Remember, all good brokers are licensed. Is Vestle one of those companies? Let’s see.
Vestle trading is a part of the iFOREX group that was established back in 1996. This broker is a CFD broker that is licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission) the main financial regulatory body of Cyprus.
They are operating and are owned by iCFD Limited, their headquarters is located in Limassol, Cyprus. Why is this so important? If a company goes bankrupt regulations are making sure that your money is safe and that is the priority altogether with keeping your information private.
In which countries does this broker work?
Because of their multilingual website-based platform, Vestle broker is popular in Europe, such as Spain, Italy, Greece, Poland, Germany, etc. They first launched a multilingual platform in 2004. From that point on the platform continued to grow by incorporating tens of thousands of traders around the globe, but mostly Europe.
Since CIFs can trade in third countries if they comply with the regulations, Vestle broker can legally operate in China, French Guiana, French Polynesia, French reunion, Guadeloupe, Indonesia, Malaysia, Martinique, Mayotte, Mexico, New Caledonia, Saint Martin, Switzerland, Ukraine, UAE, Wallis, and Futuna Islands. However, we must highlight that the trading platform is limited to Regulated Jurisdictions Only.
Seems, though, that the broker is providing financial services to non-EU clients as well, without regulation, so we advise you to be careful.
What can you trade with a Vestle broker?
Vestle broker is a CFD broker and CFDs are derivative trading instruments known as a contract for difference. This means that traders can take two positions, a long one or a short one, of the underlying financial asset and then derive profits when trades move in their direction. Vestle offers a wide range of options that including currencies, indices, shares, and commodities. Let’s look deeper here. Commodities include WTI crude oil, coffee, corn, sugar, platinum, silver, gold, soybeans, gasoline, cotton, cocoa, and many more. Indices such as Europe 50, Spain 35, Turkey 100, US 500, US Tech100, VIX, UK 100, India 50 are just some of them. CFD Currencies include EUR/USD, AUD/USD, EUR/JPY, USD/CAD, and others. In total 90 currency pairs are available to each trader 24h a day for 5.5 days every week with leverage of 30:1. The most popular category is Shares.
These include Ford, Netflix, JP Morgan Chase, Japan Tobacco, Bank of America, and many more.
Scammed by Vestle? What to do?
Three things – don’t worry, let us know, and don’t worry! If You were scammed by a Vestle broker we will provide help. Unfortunately, these things can occur, you are not the first, nor the last person to experience this inconvenience. But hopefully like we said earlier before, just let us know and we will manage from there. If you react on time in the right manner things can be taken care of.
Get consulations, provide us with details of your issue and give us the necessary documentation so that we can do everything in our power to help you restore your funds.
Contact us immediately!
Is Vestle a good broker?
Vestle broker is regulated by CySEC, which makes it legal in the EEA zone. However, we advise you to check if the broker can operate in your country.
Is Vestle regulated?
Yes. Vestle is licensed and regulated by the Cyprus Securities and Exchange Commission) the main financial regulatory body of Cyprus also known as CySEC.
Where is Vestle broker based?
Vestle trading is located at Corner of Agiou Andreou & Venizelou Streets, Limassol, Cyprus.