CFD Dealer Vestle Reverts to Its Former Name and Relaunches iFOREX Europe

IFOREX Group, a leading global provider of financial services, has rebranded its European contract for difference (CFD) brokerage brand Vestle, based in Cyprus, as iFOREX Europe.

In 2018, the group changed the name of its subsidiary from iFOREX to Vestle in response to stringent European Union regulations that included leverage limitations for CFD brokers.

The group stated on Thursday that it has decided to consolidate all of its European activities under the iFOREX name in May. It said that the decision was made to "better reflect the global market access that the iFOREX Group provides to traders worldwide." IForex Europe announced on its newly renamed website, "Our rise in Europe has been acknowledged by the iFOREX Group, whose 25 years of global market experience will continue to drive our success on the continent."

The operator of Vestle, iCFD Limited, stated that the European rebranding is intended to provide the group's "beloved European clients even more in terms of market access, trading assets, improved spreads, and an overall trading experience with a worldwide focus."

Over 750 financial instruments, including forex, cryptocurrencies, shares, indices, commodities, and exchange-traded funds, remain accessible to iCFD's European clients, the company added.

Several brokerages in the CFD business have revamped their trading systems since the beginning of 2022. OctaFX, a global broker, relaunched in August to commemorate its 11th anniversary. The broker chose a new appearance with refined colors, components inspired by space, and a new logo. The Dutch neobroker BUX changed its CFD trading platform, BUX X, to Stryk in July. It stated that the decision was made primarily to differentiate its offerings.

According to Finance Magnates, the rebranding follows BUX's fast expansion of BUX X and BUX Zero, its free training software.

Furthermore, in May, HotForex renamed to HFM to “accurately reflect the broad trading environment it offers its 3.5 million live account holders.” After 12 years in existence, FXPrimus redesigned a month before to HotForex's rebranding. The broker said the move was part of its broader ambition to bolster its digital and mobile presence in 2022. “From start to end, the client will notice the better speed, faster loading and speedier execution,” an FXPRIMUS official told Finance Magnates.

In addition, City Index, a supplier of CFD and forex trading services, rebranded in March after launching a new office in Australia.