Alvexo Review 2023: Is Alvexo Broker Best For You?

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Please note that your opinion about Alvexo is valuable as we strive to provide our clients with the best possible services and support. Though the company is regulated by CySEC, this is not enough for its regulatory framework. These recommendations have received a lot of positive Alvexo reviews from the traders, and therefore these recommendations are trustworthy.

Investors are provided with high level market updates and news, by way of a blog maintained by high profile writers. Alvexo is a Cyprus based Forex trading Brokerthat specializes in financial markets trading with availability to trade currencies and CFDs on Indices, Cryptocurrencies and Commodities. And all that is provided with utmost level technologies and support through maintained offices in the UK, Sweden, South Africa, Spain, France, Romania and Italy. Founded by a team of industry veterans, we empower the knowledge of our users with regular news updates, market analysis and a complete educational section – always updating with the latest guides and trends. The deposit requires creating an account and clicking on the deposit option .There are many deposit options available like debit, credit card, or e-wallet. Also, the broker can assist you with proper compliance apart from the customer support team.

I prefer card payments as they usually give me quicker access to trading funds. Each account type has a different spread so those with tighter spreads will most likely be preferred by scalpers compared to others with higher spreads which may be suited to swing traders. alvexo review You can choose from accounts with low spreads and commission fees, or a spread mark-up with no commission fee. The Alvexo trading academy has a selection of fun and easy to digest trading videos that can help you to learn some of the essentials of trading.

How does Alvexo make money?

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.

To open an account, navigate to the Alvexo website and select the option to open an account. CySEC regulation is confirmed, and Alvexo provided the link to the regulation. Innovative marketing tools to achieve the best audience and conversion rates. Cryptocurrencies – Trade on major crypto coins, including Bitcoin, Dash, Litecoin, and Ethereum.

alvexo review

I find them ideal for checking my trades as and when I feel like it. I don’t always want to switch on my laptop just for a quick glance at the markets. The app lets me keep the markets in my pocket at all time and take them with me wherever I go. Alvexo have a fast, clean and convenient online trading platform that runs directly in most modern web browsers without the need to download any additional software.

The trading platform is one of the best and most powerful trading software out there. It takes your trades to another new level to take full control over and take advantage of the volatile market with its instant execution trades. However, withdrawals are often processed with delays in the evening.

Alvexo Demo Account

To this extend, kindly be informed that according to our investigation your account manager was following up with you on a regularly base. 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. The materials tend to be written and presented in an engaging and entertaining way which helps but there is also a well laid out ‘Glossary’ and ‘FAQ’ section for those wanting to confirm their understanding of the basics. Alvexo provides an extensive and engaging selection of educational materials. The ‘Academy’ section of the website provides articles, tutorials and analysis reports that cater to both new and experienced traders.

To this extend, please send us an email at with your registered email address or account number, in order to be able to investigate the matter further. In regards to your comments, we are very sorry to hear that you have had a bad experience with 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. Trades with alvexo are real and not a fake one, please have a realistic profit target with a realistic account type and good capacity that will enable a successful long term trading. It is simple to trade when the application is simple, fast, easy, continuous support from your account manager and patience but there are risks as well . So by trading numerous instruments at Alvexo, you also may use powerful tool leverage, which may increase your potential gains through its possibility to multiple initial accounts balance.

alvexo review

Moreover, Alvexo offers the social trading feature as well for all its traders. The account types Alvexo offers include a free demo account in which the traders are credited with £50,000 of virtual money. There is a practice simulator that acts as an excellent way for the traders to experiment with new trading strategies and the different trading platforms in a risk-free forex trading environment. Alvexo offers five accounts that have less-than-perfect trading conditions. The ECN VIP account is available upon request and can be customised according to individual requirements. Spreads start from zero pips whilst there is a $13 round turn commission charged.

They don’t charge any fees for the withdrawal or deposit, but the banking intermediaries might subtract some money for their own services. If you want to start trading right away, the quickest way to fund an account is via your Mastercard or Visa debit or credit card. The MT4 trading platform is offered by Alvexo, but it lacks many of the add-ons offered by other brokers that can turn this platform into a true powerhouse. MT4 fully supports automated trading and remains the most popular choice among retail traders. Alvexo also offers a proprietary WebTrader that is also available as a mobile version.

The broker is headquartered in Cyprus with contact numbers in multiple countries to cater to different client’s geo-locations. I like how support is multilingual available in English, French, Portuguese, Italian, Russian & Arabic. I would also prefer if you could get access to all accounts with the same deposit. Otherwise, I don’t think it is fair that you need deeper pockets for better trading conditions. They hold client funds in segregated fiduciary bank accounts away from the company funds so that they cannot be used for any other purposes. These funds exist off the company’s balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company.

You can just access it from any browser and login to your account. I like that it is available on all devices and is always up to date. Alvexo protects your data by ensuring platform integrity and client confidentiality via the use of the strictest safety protocols. Transactions and trades are protected with 256-bit RapidSSL encryption through a firewalled system.

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. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site.

Transactions are executed by the highest PCI-Certified (currently Level-1 but subject to upgrade upon availability) service providers and servers located in SAS-70 certified data centres. As a regulated broker, Alvexo must abide by strict financial requirements that include regular internal auditing and external monthly monitoring by a certified public accountant. The company is a member of the Investor Compensation Fund and is subject to maintaining minimum capital requirements. They are focused on providing a personalised and reliable service whilst implementing the latest advanced innovative technologies to ensure you can trade in a safe and powerful trading environment.

What Can I Trade

As an EU member, the regulation of the European Union like cross border rules applies to Alvexo also. Therefore Alvexo has to comply with the Financial instrument directives of the EU and Anti-money laundering directive 4th edition accordingly. There is also a dispute resolution process that can be used in case you have any dissatisfaction with services, account or activity issues. The customer support team strives to resolve any complaints in a prompt and satisfactory manner, within 1 business day. Based on my experience, I have found them to be very helpful and would not hesitate to reach out to them in the future.

  • I don’t always want to switch on my laptop just for a quick glance at the markets.
  • In regards to your comments, kindly be informed that we could not detect you on our database.
  • Alvexo collects its fees from spreads and commissions charges across all available assets.
  • If this changes in the future, we will update this section as necessary.
  • Account holders get 4 months free 1 on 1 support, access to SMS trading signals/analysis and daily market review.

Unfortunately we couldn’t locate a glossary of terms or an FAQ section. The way that the Scam Broker Investigator reviews a broker to know if they are a scam or legitimate, is by verifying that they have a valid brokerage firm license. The reason why investors only invest with a licensed broker, is because that is how you know that your funds are kept safe in a segregated bank account. Alvexo fees are depending on the account type and are commission or spread basis. Also, always consider Alvexo rollover or overnight fee as a cost, it is charged on the positions held longer than a day and may be checked directly from the platform. Each instrument has a different condition for overnight positions and may be presented for you as a fee or refund.

Alvexo Review: Conclusion

This high range of assets list allows the traders to diversify their trading portfolio. But the spread and commission attached to the assets make it harder for traders to diversify their portfolio. One of the areas that I think the broker really excels in, is education. You can get access to a wide range of educational materials in their dedicated trading academy, including trading guides and video tutorials.

The strongest suit of this broker is…

The regulation and maximum leverage depends on your regional jurisdiction and appropriate authority. The choice of platforms and financial instruments allows me to be flexible in terms of trading strategies. Withdrawals come in time, the support team is responsive and responsible. 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.

Although this feature is not necessary or useful for more advanced traders, it is an excellent resource for beginners. According to this Alvexo review, this feature is extremely useful as it provides a guide to beginners with a stepwise new trading account set-up process. We thank you for having brought to our intention your concerns and for taking the time to write a review about Alvexo. We regret to hear that you have had a bad experience with our Company, whilst your comments have been duly taken into consideration. Despite this, we wish to inform you that our Senior Account Executives receive extensive and ongoing training in order provide to our clients the quality of analytical services we offer in a professional manner. Alvexo also provides newbie and experienced traders, with basic education through the Alvexo Trading Academy.

The Classic account spreads start at 2.9 pips, and it falls to as low as 0.1 pips for Elite account holders. The spreads on indices like FTSE 100 start at 3.5 pips for Classic account and 0.88 pips for Elite account. MetaTrader 4 is one of the most trusted and respected platforms preferred by most traders today. It is an extremely robust and feature-rich trading platform with welcoming functionality for new clients and advanced functionality to cater to the requirements of the more advanced market participants. Alvexo investment services include delivering A-Z trading experience with more than 450 assets that range from forex, stocks, indices, commodities, and cryptocurrencies.

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