iFOREX Group’s European Business Rebranding as Vestle - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


iFOREX Group’s European Business Rebranding as Vestle

June 29, 2018

iFOREXAfter ADSS, iFOREX has rebrand itself. Announced yesterday, the CySEC licensed retail Fx and CFD brokerage group, has rebranded itself to Vestle and will also have a new website address vestle.com. iForex.com is one of the longest-tenured brands on the market with a strong presence in European markets.

Initially, the changes in the brand will be affected in Europe. In a direct message to clients informing about the rebranding to Vestle from iFOREX, it said that the changeover will happen is several stages beginning next week although the new website Vestle.com has been made live. In the first phase, Netherlands, Germany, Greece and English-speaking markets will see the changeover on July 1st. Next, iFOREX brand will be replaced in Spain, Poland, Italy and France. After the changeover is complete, the company will take down its iFOREX.EU website, which serves the European-based clients.

Looks likely that the changeover will happen only in Europe excluding Hungary, the Czech Republic and the Slovak Republic. iFOREX holds a separate licensed for Hungarian entity eBrókerházBefektetésiSzolgáltatóZrt., an investment firm authorized and supervised by the National Bank of Hungary. Outside Europe, iFOREX will continue to operate the iforex.com website, run by the group’s offshore BVI entity Formula Investment House Ltd.

The new website includes all the remarkable features such as advanced trading tools and cutting-edge trading platforms that have helped in gaining market popularity. It will maintain same regulations as it is the new trading name of iCFD Ltd., which is regulated by CySEC under license 143/11. Vestle will offer CFD trading on hundreds of instrument from numerous markets including Bitcoin. Vestle.com can be accessed through PC, smartphone or tablet and have access to a free app with smooth trading conditions.

Vestle will also provide free access to wide variety of educational materials and one-on-one trading coach to assist with all the queries related to the financial market. iFOREX group has over 22 years of experience in the market and offers services in 20 different languages. The changeover is aimed at making the company’s EU and non-EU operations look very distinct as the rules governing the EU/EEA brokers are set the change next week following new directives from European financial regulator ESMA.

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