Editor’s Verdict
Overview
Review
Headquarters | United Kingdom |
|---|---|
Regulators | FCA |
Year Established | 2013 |
Execution Type(s) | Market Maker |
Minimum Deposit | €100 |
Trading Platform(s) | Proprietary platform, Web-based |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
Vestle UK is a trading name of Black Pearl Securities Limited (Company number 08823678). Black Pearl Securities Limited is authorised and regulated by the Financial Conduct Authority (FCA). They offer traders the opportunity to trade an unusually wide range of CFDs (Contracts for Difference), even including a selection of ETFs (exchange-traded funds). Access to such a wide-ranging investment universe is unusual in the retail online brokerage industry. In addition to ETFs, Vestle offers CFD trading on commodities, indices, shares, cryptocurrencies, and Forex currency pairs across both major and minor financial markets. A total of over 800 instruments can be traded with Vestle.
Accounts
Vestle currently offers only an Elite Account and a Demo Account through which traders can test the brokerage’s service. There is also an Islamic Account available.
Vestle’s Elite Account offers excellent spread on many instruments. For example, on the EUR/USD currency pair, the spread is 0.7 pips. No commissions are charged in addition to the spread, overnight financing and rollover. As an FCA regulated broker, Vestle guarantees, legally binding negative balance protection, which ensures clients cannot under any circumstances be liable for an amount greater than they deposit with Vestle.
A maximum leverage of 30:1 is available in Forex trading, in line with current regulations. Lower maximums apply to most of the non-Forex instruments which are offered. All accounts offer a minimum trade size of 1 micro-lot (0.01 full lots).
A $5,000 Demo Account is available for those who want to train risk-free, as is typical with nearly all spot Forex and CFD brokers.
An extremely wide range of CFDs of over 80 Forex currency pairs, 18 commodities (including softs), 28 global stock market indices, hundreds of major stocks and shares, 48 ETFs, and more than 10 cryptocurrency pairs. This allows for portfolio diversification and risk management, as well as exposure to new markets and instruments.
Scalping is not allowed, and automated trading is not possible.
Education
Vestle focuses on independent trading and so, there is no wonder it offers a wide variety of educational tools such as video tutorials, PDF guides and more. While the materials are updated and well-made, they will likely not contribute a lot to highly experienced traders. Clients can also benefit from limited-time, free trading signals as well as full access to an updated Economic Calendar.
At the time of completing this review, Vestle also advertises free trading courses from the Knightsbridge Trading Academy that will become available to active clients.
Bonuses and Promotions
Bonuses and promotions have been prohibited under FCA regulations and since Vestle is a regulated broker, it offers no bonuses or promotions.
Deposits/Withdrawals
Depositing funds into a Vestle account is an easy and secure process. Funding can be done using a few different methods, including Visa MasterCard, Maestro and wire transfers. Withdrawals are generally made through the same channel that deposits have been made through.
Support & FAQs
Vestle UK offers excellent customer support and attentive service. The Vestle support centre enables you to post public questions or email a representative, and you can also communicate via live chat or request remote technical assistance. You are also invited to check out the detailed Frequently Asked Questions – they cover many popular topics and are quite helpful.
Conclusion
Vestle brings something new to the lively and competitive market of UK brokers. Its unique trading platform shows a deep understanding of real traders and all in all it succeeds in providing a pleasant trading experience. With over 800 tradable instruments, education, information, nifty trading tools and a friendly attitude, this regulated broker stands a fighting chance in convincing you to open an account.
Features
Vestle’s most notable feature is its proprietary trading platform. Unlike many competitors, this broker down not use MetaTrader platforms (MetaTrader 4 or MetaTrader 5). Instead, Vestle develops and operates an exclusive, self-designed, customised trading platform for web, as well as a mobile application.
The Vestle trading platform succeeds in combining technical superiority, innovative trading tools and an understanding of modern traders’ needs, and it provides a smoother, enjoyable trading experience. Client can use advanced charts, access a wide range of technical indicators and conduct analysis directly on their deal slip. The Vestle trading app is a great solution for those interested in trading on the go and it can be downloaded for free directly from the App Store or Goole Play.
Platform
Web platform
Vestle’s proprietary web-based platform is quite innovative. With years of experience, the platform reflects an extensive understanding of trading and a lot of effort by the developers. The web platform can be fully customized according to specific requirements, displays multiple tools and features and is extremely easy to use. It can be described as:
- Having a clear, friendly, intuitive interface
- Offering a choice of over 800 tradable CFD instruments
- Featuring charts, market sentiment, signals and more informative tools
The platform is innovative without being complicated. While some traders might dislike the fact that there is no downloadable version (web-based platforms can be occasionally glitchy if connectivity or software issues arise), it has solid performances and it extremely user-friendly. It can be accessed via any computer quickly and efficiently.
Mobile Platform
Vestle’s mobile platform is available through the Vestle application which is compatible with all smartphones and tables. Features offered include updated market rates, robust trading options, a sleek look-and-feel and new execution gestures.
Other features of this platform include complete access to the clients’ wallet, balance sheets, equity and margin details and the ability to customise the layout according to your personal preferences.
It’s nice to see that the app includes money and risk management tools, as well as smart market updates and access to the broker’s extensive educational program.
*The materials contained on this document have been created in cooperation with Vestle UK and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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. Any indication of past performance or simulated past performance included in this document is not a reliable indicator of future results.