Alvexo Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:5 86

We work very hard to offer the best possible service and assistance to our clients. Please read Alvexo Reviews below and share live trading experiences with this broker. Vpr safe financial group is a registered company from Cyprus with proper authentication and regulation followed, which implies an Alvexo also. Bitcoin and other cryptocurrencies are enabled by blockchain technology to transfer funds and store value. If you need to contact the Alvexo customer support or compliance department, you can do so through their live chat function that can be found at the bottom of the page. Also, on the company’s official website, there are contact numbers for the different branches, which can be found in the United Kingdom , France, Romania, Spain, South Africa, Italy, and Sweden.

When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. Our Alvexo review found that users can log into MT4 using their Alvexo credentials and place trades directly from the MT4 platform or mobile app. By using MT4, traders can employ numerous order types and benefit from rapid execution speeds – making Alvexo one of the best MT4 brokers for traders of all experience levels.

Still, the mix of different font sizes, colors, and overall design created an interrupted read, as did endless adds for Alvexo products. According to this Alvexo review and other forex broker reviews, there is still sufficient room for the broker company to improve its research and academic atmosphere and make it less marketing-focused. The multilingual Alvexo customer support team operates from Monday to Friday, 9 AM to 6 PM. In addition, the users can get in touch with the support team on a phone call or via email. At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

Before choosing a broker, we recommend that you read the reviews of Alvexo, as well as see our rating of Forex brokers. Deposits are accepted via bank transfer, credit and debit cards, as well as Skrill and PayPal e-wallets. Moreover, the multi-lingual staff stands after their clients with constant support and service delivery that is enabled through the range of established global offices. Yes, Alvexo is a regulated CySEC broker registered under the VPR Safe Financial Group Ltd’s name, so European clients are fully secured and covered by the broker. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Finally, we would like to notify you that the Company shall not accept the opening of any new trading accounts nor the referral of any new Clients.

Of particular note is the ‘Advanced Trading Strategies’ section, which presents a range of material to help users take their trading to the next level. This is a welcome addition as some other brokers have a disproportionate focus on newer traders. One of the main advantages of Alvexo is a fairly good selection of trading tools that the broker offers. You can choose from shares of more than 300 companies registered in the United States, Great Britain and the EU. In addition, the broker also offers a fairly wide selection of currency pairs, cryptocurrencies, major stock indices and commodities.

Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Following a career as a photographer and video producer, Alice began working in financial services as an IFA in 2007. However, it’s important to note that US-based and Israel-based traders cannot create an Alvexo account at this time. Alvexo doesn’t charge a deposit fee or withdrawal fee, which is ideal for saving money in the long term. However, Alvexo does charge a small inactivity fee of 10 units of your base currency (i.e. $10) after three months of no trading.

The website provides a commission-free trading structure for all Classic, Prime, and Gold members. An inactivity fee may also be applicable equal to 10 units of the base currency. Alvexo also charges swap fees on https://forexbroker-listing.com/ overnight positions or positions left overnight. Alvexo Brokers boasts more than 450 financial instruments with over thousands of registered traders from around the world, including UAE, Singapore, and France.

What is the minimum deposit required for Alvexo?

We would like to highlight that Client satisfaction is of great importance and all feedback obtained from clients is taken into consideration in order to improve the services provided. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.

Alvexo offers CFD trading in over 450 assets across five categories and claims that technology fulfills a vital role in its trading environment. This broker has a research department, hosts annual events, and provides traders with the MT4 trading platform on top of its proprietary WebTrader. Education is also highlighted in Alvexo’s approach to achieve long-term trading satisfaction. An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus. Among the various bonuses and promotions that Alvexo offers, the most popular one is the welcome bonus given to traders who register at Alvexo for a real trading account. This bonus is worth a $300 deposit bonus which means that the traders need to maintain a minimum deposit after opening a Classic trading account.

Is Alvexo a regulated broker?

The multi-asset broker is registered and regulated by CySEC and Seychelles FSA . The global operation of Alvexo is operated by HSN Capital Group Ltd, regulated by FSA. FP Markets is a well-regulated Forex broker with an excellent stock trading platform designed for more experienced stock pickers. We were also impressed with how easy the FP Markets Trading App was to use and the quality of FP Markets’ customer service. A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories.

It also has an “advance trading section “which has a range of material to help the users to take the trading to the advanced level. The material has been published engagingly and entertainingly to make it more attractive for the clients. Alvexo offers Traders to have the option to choose from a variety of methods for deposition and withdrawal of the amount. The user is simply required to login to the trading option and select the deposit fund, for deposit activity, at the top of the dashboard in the menu option. Deposit sizes are available upon request only, but given the structure implemented, they will likely exceed €50,000 since the minimum lot size was increased to 0.25 lots.

Traders who opt for the Classic account will have to make a minimum deposit of €500 before trading. Since Alvexo doesn’t charge any commissions, the only fee to be aware of is the spread. This does vary from asset to asset, although it can be as low as 2.9 pips on the Classic account.

Alvexo market data is updated twice a day, plus to the breaking news or trading opportunities and is provided for free to all customers. A variety of additional services are depending on the account type, while the bigger size account features more services, dedicated support and of course better pricing. Also, an Islamic account free of commissions and interests included in the offering to the clients that follow the Muslim belief . Alvexo offers CFD instruments on Forex, Commodities, Indices, and Cryptocurrencies. Prime and Elite accounts holders also have access to Stocks and Bonds.

You can then choose which deposit method you’d like to use, such as credit/debit card, wire transfer, PayPal, or another e-wallet. Alvexo is wholly owned and operated by VPR Safe Financial Group LTD of Cyprus. It is are generally well-suited for Alvexo to provide their Forex/CFD …

On the good side, its daily market signals and news are worth mentioning. Overall with all the techniques and features present, we can conclude that Alvexo is a decent brokering platform that could be better if its features are upgraded. The Alvexo webpage platform has a very user-friendly interface with very straight forward execution. Some of the tools are worth mentioning here, such as setting for “ stop-loss” and taking profit instructions in cash and price terms for trading. These are simple yet effective tools that make it an easy interface to use and optimize profit for even new traders in trading with an efficient platform.

What Is Alvexo?

It is, however, good to note that new traders are afforded an advantage by the broker with the demo account. New traders are given a chance to practice and hone their forex trading skills using $50,000 virtual money. In an effort to avoid an Alvexo scam, the firm allows traders to open demo accounts without demanding any deposit first. This means that you can open a demo account, practice and even close it without having to deposit any real money. Alvexo trading pricing is on variable spread and all costs built in it on the accounts with STP connectivity, while higher account type offers better conditions. However for ECN Account featuring raw spreads that are starting from 0 pips, but add on a commission per trade.

• Finally, Alvexo users in turn can download the MT4 app on their smartphone or tablet and log in with their own credentials, enabling smooth trading when they are on the go.
• Alvexo also offers a proprietary WebTrader that is also available as a mobile version.
• Alvexo mainly collects its money from spreads, commission, and the losses of clients as a direct counterparty.
• Alvexo Brokers boasts more than 450 financial instruments with over thousands of registered traders from around the world, including UAE, Singapore, and France.
• Alvexo Partnership Programme’s mission is to develop a long-term business relationship with the partners and their referred clients.
• CFDs are leveraged products and as such loses may be more than the initial invested capital.

The primary concern of Alvexo is to provide security of client funds by adhering to industry standards. Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that FP Markets has overall lower trading costs than Alvexo. Another important aspect we consider when comparing brokers is the cost of trading.

Trading is done via popular MetaTrader 4 platform, Alvexo’s proprietary web trader and a mobile app. From the Alvexo reviews & client feedback, it has been found that, at present, Alvexo, the venture of VPR safe financial group, does not offer any bonus to its traders and brokers. Alvexo, offers 5 different kinds of accounts, namely classic, gold, Prime, and ECN.

Customer service

Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. As noted in the previous section, Alvexo also offers a dedicated smartphone app that users can trade with, available on iOS, Android, and Windows Mobile.

Alvexo deposit fee charges are free that are applied to most of the funding methods. There are no withdrawal charges as well, however, make sure to check with your payment provider as there are some internal fees that might appear by the payment providers. Alvexo designed five accounts that enables investment options according to the requirements and components of each one. The trading instruments range offered by Alvexo includes CFDs, Stocks, Index, commodity and currencies along with newly launched feature at Alvexo the Cryptocurrencies trading. Overall, our impression of the broker was positive, it is a reliable broker with good service and long years of operation. The broker is suitable for clients from different countries, the fees offered are among the lowest as well as thespreadsfor FX pairs.

Based on the answers, the broker makes recommendations on account types that best suit the investors and also suggests the number of investments made; thus, chances for safe trading increase. This makes the firm one of the well-regulated FX brokers which can also be trusted. There are four different types of accounts that you can open at Alvexo. There is the Classic account which comes with a 15% educational bonus and which demands an initial minimum deposit of $500. They require $2,500, $5,000 and $10,000 as initial deposit respectively. All the accounts other than Classic come with ‘dealing room’s daily dose’, ‘dealing room direct line’, and economic calendar service.

Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker. Yes, Alvexo forex and CFD broker offers an Islamic account in the interest of the traders who follow the Sharia Law. There are a range of payment methods supported by Alvexo as the traders transfer from the demo account to the live trading account. The funding methods include debit cards, credit cards, bank transfers, and other electronic payment methods.

Alvexo offers five distinct account types, all of which has less-than-ideal trading conditions. The Classic account requires a minimum deposit of €500 and spreads start from 3.3 pips. Only Forex, commodity, index, and cryptocurrency CFDs are granted in this account type. Therefore, the asset selection is severely reduced from the advertised 450+ assets. This broker labels its Gold account as the “Most Popular”, but it requires a €5,000 minimum deposit. The only significant change remains a reduction in the minimum spread to 2.2 pips.

In this case, FP Markets offers support for MT4, MT5 and IRESS and Alvexo offers support for MT4 and WebTrader. Alvexo is regulated by CySEC, one of the most reputable financial regulatory agencies within the EU. You’ll then be asked to enter your name and email address before choosing a password to create your trading account. • Get the feel for trading shares and forex from around the world from the comfort of your phone.