iFOREX to Rebrand European Operations to Vestle

The iFOREX Group, a provider of online foreign exchange and CFD trading services, announced on Wednesday that it would be changing its name, brand and URL to Vestle for its operations in Europe.

Vestle will be the new trading name of iCFD Ltd. (part of the iFOREX Group), which is regulated by the Cyprus Securities and Exchange Commission.

According to the company, the changeover to Vestle from iFOREX will occur in several stages starting from Sunday. Although the vestle.com site is already live.

The Netherlands, Germany, Greece, and English-speaking markets will be changed on July 1, 2018, and from July 15, 2018, the new brand name will be implemented in Spain, Poland, Italy, and France.

In each country, the company will take down its iforex.eu website once the changes take place. However, its website in Hungary, the Czech Republic and the Slovak Republic will remain the same.

According to the statement, Vestle will also have the same features, trading tools and trading platforms as iforex.eu website. It will also offer CFD trading on instruments from numerous markets – shares, commodities, indices, currencies, ETFs and Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.

Rebranding for EU Regulations

It is not uncommon for companies to change their name. Only yesterday, Finance Magnates reported that ADS Securities has now rebranded its operations and will be henceforth known as ADSS.

However, the name change comes in the wake of strict EU regulations for brokers from the European Securities and Markets Authority (ESMA), and it could be an attempt from iFOREX to clearly separate its EU operations from its non-EU operations.

The new regulations were announced on March 27, 2018 with ESMA stating leverage limits for retail investors would be 30:1 for major FX pairs, 20:1 for non-major pairs, gold, and major indices, 10:1 for other commodities and non-major indices, 5:1 for stocks and 2:1 for Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

To adhere to these regulations, the Vestle site will also have a Negative Balance Protection policy and offer leveraged trading within the new restrictions.