Contents
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
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 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. Therefore and due to its authorization, Alvexo registration allows the provision of investment and brokerage services within the EEA to European residents and even further.
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. Good experience on the platform which is complete and above all without lags and untimely freezes… I really appreciate the wide choice of assets including cryptos which prevents me from having to open multiple accounts. With respect to your comments, we would like to highlight that we are a duly regulated Investment Firm abiding by the regulatory requirements of our competent authority. We work very hard to offer the best possible service and assistance to our clients.
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. 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.
Alvexo is an online broker that lets you trade a reasonable number of financial instruments with around 450 assets including CFDs on forex, stocks, commodities and cryptos. You can get direct access to the markets using versatile trading platforms for your desktop and mobile devices. I found the broker to have acceptable commission fees, decent spreads and reliable execution.
I feel they have the infrastructure to cater for both retail and institutional traders alike. Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. 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.
USER EXPERIENCE
Extensive educational materials for both beginners and advanced traders. Regulated by the Cyprus CySEC and Seychelles FSA. Lacks charting package. Advantages of trading signals, trading strategies, and daily market analysis. The WebTrader platform provides traders lots of features like one-click trading, real quotes, quick execution, and usage of all kinds of orders. Alvexo also supports trading with MetaTrader4, which offers traders complete access to the programmed trading options, like Expert Advisors and custom indicators.
- Apart from the demo account Alvexo offers, there are the popular Classic, Gold, Prime, and Elite accounts among the five types of accounts.
- 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.
- ScamBroker.com is a broker reviews website, and does not offer any investing advice or service.
- The website and customer support is available in; English, French, Arabic, Spanish, German and Italian.
- Still, the complete set of instruments is available only to those investors and other traders who complete the second registration phase.
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. Topics include technical analysis, types of markets, charts and more. I enjoyed browsing through each of the videos but I didn’t actually learn anything new as they only really cover the basics. However, if you are a new trader then they can give you a great way to learn about the markets. Whilst Alvexo welcomes clients from across the globe, they are unable to accept traders from the United States and some other countries where there are stringent regulations in place. If your country is not accepted, please feel free to look at our broker reviews for an alternative option.
Customer service information remains scarce, and operating hours are not mentioned. Traders may call one of the toll-free numbers provided or use the webform to send a message. At a well-managed brokerage, most traders will never require assistance.
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. The calls are mostly tailored so that new traders should get an idea on how to begin the trading, while for the experienced level of traders, it assists at an advanced level of skill set. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
How to open an account with Alvexo?
Still, the complete set of instruments is available only to those investors and other traders who complete the second registration phase. The second phase includes certain form filling and a minimum cash deposit. Alvexo trading platform is a forex and CFD trading website established in 2014. Alvexo’s services include one of the top brokers with more than 650,000 registrations which is quite an impressive accomplishment compared to other brokers.
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. Alvexo collects its fees from spreads and commissions charges across all available assets. The EUR/USD is listed with a spread of 3.3 pips in the Classic account; this is reduced to 1.4 in its ECN account, but a commission between $13 and $18 applies.
Alvexo Minimum Deposit
Also, the broker can assist you with proper compliance apart from the customer support team. One of the major reasons for not offering the bonus is the fact that the regulating authorities, like Cyprus securities and exchange commission, have prohibited such kind of bonus from trading channels. For more details, it is advisable to contact their customer service for proper knowledge about the broker.
Alvexo also provides newbie and experienced traders, with basic education through the Alvexo Trading Academy. Investors are provided with high level market updates and news, by way of a blog maintained by high profile writers. 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. Also, there are some slight differences which Alvexo withdrawal options are available and implement according to your country of origin in terms of money transfers, so better to check those ones with customer service. The minimum trading lot size for Alvexo is available for its basic account that is for 0.01 lot size.
Support
The easiest way to fund your trading account is via credit/debit card. Alvexo offers a wide range of payment cards.You can get started with your Alvexo Classic account for $500, a Gold or ECN Account for $2500, and a Prime account for $10000. Users can withdraw funds with no additional charges and in their chosen currency . Transfer times typically take approximately three to five business days. Account exec calls me up 5 times a call for opportunities and provide analysis.
You can access real-time market quotes and price feeds, view charts and manage positions from the palm of your hands on both Android and iOS devices. The Alvexo app is freely available to download from the relevant app stores or directly from the website. Thank you for taking the time to write a review about Alvexo, however, kindly be informed that we could not detect you on our database.
The AlvexoDemo account is virtually funded but it is not indicated if it is virtually funded. To offer the traders with useful educational material, Alvexo has a Training Academy on the website for the new traders where they can learn the basics of Forex trading and trading strategies using tutorial videos. The seasoned traders will like the advanced trading strategies section.
Gold account holders can access Alexa plus for 60 days with 3 personal consultations with a specialist every month. Prime account holders can access Alvexo Plus for 120 days with up to 5 personal consultations per month. Coming to the Alvexo Partnership Programme, the partner’s experience is exactly what most affiliates look for. All Alvexo partners can convert their traffic, ensure that they get payments on time, with huge payouts, and also have a dedicated account manager who ensures a win-win situation for all. Alvexo Partnership Programme’s mission is to develop a long-term business relationship with the partners and their referred clients. Hence, it is highly recommended to check the official page for updated information on the broker company’s terms and conditions, bonus programs, rewards, loyalty prizes, and the company’s monitoring procedures.
They also offer an ECN VIP account but you will have to contact them directly to find out the required deposit. All this is too steep in my opinion, so Alvexo looks like a brokerage for traders with deep pockets but I am not sure the perks that come with a higher tier account are worth the extra investment. Overall, I like that Alvexo is a regulated broker with a range of flexible platforms and account types to suit different trading strategies. You can trade a range of over 450+ different assets with reasonable trading conditions and get free trading signals.
Is Alvexo a Legitimate Broker?
While they are arranged by asset class, and a search function is present, the list only includes five assets, and traders need to scroll through a sometimes extensive list. Clicking on “View full details” opens a new tab and displays swap rates for the asset. Although Alvexo Brokers does not charge deposit or withdrawal fees, it makes money from commissions, spreads as well as client losses by https://forexbroker-listing.com/ acting as a direct counterparty and a market maker. While using the trading assets at Alvexo, the traders may use the platform’s powerful tool leverage that may potentially increase the profits through the possibility to multiply initial account balance. It is important to ensure that the traders know how to use leveraged products and tools smartly since high leverage means capital is at risk.
Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker. Alvexo provides no information regarding deposits and withdrawals on their website which is highly unusual. The absence of this critical component presented the final piece to conclude that this broker operates a trading environment that should be avoided. Accounts are opened through an online application, as is the standard operating procedure across the brokerage industry.
It can be very important to familiarise yourself with the most commonly used trading terminology. Alvexo EU is a brand name of VPR Safe Financial Group Limited who are committed to protecting clients’ interests and security, in accordance with governing rules and guidelines.