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. Advantages of trading signals, trading strategies, and daily market analysis. Alvexo offers five distinct account types, all of which has less-than-ideal trading conditions.
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. Commission charges for equity CFDs range between $0.025 and $0.015 per share, and certain assets are priced as high as $50 per lot. This broker is a market maker and also profits from traders’ losses where it acts as the count-party to the positions taken. Apart from the demo account Alvexo offers, there are the popular Classic, Gold, Prime, and Elite accounts among the five types of accounts.
In addition to this, all client funds are held in segregated bank accounts with access to negative account balance protection, which safeguards the traders from any losses that exceed deposits. All in all, Alvexo is a good broker with the necessary regulations, security, and legal measures. Among all the account types the Alvexo platform offers, ECN account, both the ECN VIP and ECN Gold account, is quite popular among retail investor accounts. The ECN Gold account does not offer equity CFDs trading, and the minimum lot size is increased from 0.01 to 0.05 lots. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Alvexo provides traders with expensive trading conditions in an uncompetitive trading environment; they may be the highest across the brokerage industry. Alvexo claims over 650,000 registrations, though this information could not be confirmed. Information provided regarding costs contradicts itself on their website, and CySEC regulation does little to install confidence in Alvexo.
Spreads and commissions are extremely high, neither trading platform provided-as-is grants traders the required edge in today’s markets, and transparency regarding key costs are absent. The Prime account requires a €10,000 minimum deposit to receive a reduction in the minimum spread to 1.8 pips. All other trading conditions remain the same, except for an increase in the minimum lot size to 0.25 lots. The ECN Gold account is the first account where some equity CFDs are tradeable, but for a minimum deposit of €20,000. Spreads are listed as 0.0 pips on the account page, though information in other places on the site seem to contradict this information.
- There is an abundance of written content and videos available, and much of it is good quality.
- It asks them to enter certain data such as risk tolerance, investment style, experience level, skill set, and investment goals.
- Traders were not offered any bonuses or promotions at the time of this Alvexo review, most likely because regulation does not allow these offerings.
- 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.
The deposit is €500; for Gold, it is €10,000; for Prime, it is €50,000; and for Elite, the minimum deposit varies. Note that Alvexo does not charge any transactions, deposits, or withdrawal fees compared to many other broker companies. • Open a FREE $50,000 demo account and practice your online trading in demo mode before you transition to a real money account.
• Get the feel for trading shares and forex from around the world from the comfort of your phone. Please fill out your password below to start chatting with your account manager. Alvexo is a brand name of VPR Safe Financial Group Limited that is committed to the protection of our investors’ interests. As such, we are supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC license number 236/14).
Trading signals are provided free of charge and advertised with an accuracy rate of 82%. One could suggest that if more of Alvexo’s traders used the brokerage’s trading signals, their overall client loss rate wouldn’t be sitting at 79 percent. The built-in trading tools are compatible across multiple devices and offer a more robust trading experience. The software is designed to supplement the existing MetaTrader 4 platform, allowing traders to manage investment portfolios, perform technical analysis, and set necessarily real-time price alerts. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
Alvexo Deposit & Withdrawal Methods
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information https://forexbroker-listing.com/ we provide on all the top Forex / CFD brokerages featured here. 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.
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. We combine a two-pronged approach that is at the forefront of technological and platform innovation to deliver what traders need most — long term trading satisfaction. 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 . The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading. Traders were not offered any bonuses or promotions at the time of this Alvexo review, most likely because regulation does not allow these offerings.
An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus. As per this Alvexo review, the website offers education and research to all traders. The research field includes market updates, an economic calendar, trading signals, trading calculators, and blogs. On the other hand, the education segment includes tutorials, articles, a FAQ section, and a glossary. Market news and trends are published every week and other market updates such as daily and weekly reports.
Although Alvexo provides an impressive range of financial markets and award-winning trading platforms, the broker company has not yet received any rewards. Alvexo and its online trading platform allows you to access over 500 assets ranging from currencies to CFDs on commodities, stocks, indices and also provides access to cryptocurrency trading. Alvexo services excel in delivering a comprehensive array of daily signals, market news, webinars, analysis to fortify our clients’ need to take fast and intelligent trading decisions on the world’s most dynamic financial markets. Alvexo offers CFD instruments on Forex, Commodities, Indices, and Cryptocurrencies. Trading is done via popular MetaTrader 4 platform, Alvexo’s proprietary web trader and a mobile app. The best offerings by Alvexo are its daily market news, signals and trading academy, all of which are worth checking out.
Become an Alvexo Trader!
The official website also provides its customers with contact numbers of the different offices in the United Kingdom , France, Romania, Spain, South Africa, Italy, and Sweden. Some essential documentation is required to prove the identity of the new user, which is a regular KYC ID check-up. This mandatory KYC regulation is a standard practice with which Alvexo provides a secure financial environment to its users. Shares – Major shares offered from a group of international companies, including Alibaba, Netflix, and IBM. Indices – CFD indices trading, including DAX and FTSE, is another instrument at Alvexo.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The provision of our services and opening of accounts to new clients from France is temporarily partially suspended. 71.94% of retail investor accounts lose money when trading CFDs with this provider. 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.
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.
Account funds are segregated while transactions use the latest digital security measures to ensure client peace of mind. It should be highlighted that, despite the above, the Company has released to you a substantial amount of the profits earned from your trading activity, whereas the Company could have denied the release of such funds. Please read Alvexo Reviews below and share live trading experiences with this broker.
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 Alvexo offers CFD trading in more than 450 tradable assets across 5 categories. Worth mentioning that the technology used by this CFD broker fulfills an important role in the trading environment.
ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. 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. CySEC regulation is confirmed, and Alvexo provided the link to the regulation. Innovative marketing tools to achieve the best audience and conversion rates.
Is Alvexo regulated?
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. Alvexo offers the MT4 trading platform, as well as its WebTrader platform. Alvexo initiates a stop-out at a 50% equity-margin ratio in its Classic account, all other account types face a stop-out at a 50% equity-margin ratio. The minimum trading size is listed as 0.01 lots, but dependent on account type; it is increased to as high as 0.25 lots. Accounts are opened through an online application, as is the standard operating procedure across the brokerage industry.
Forex Brokers We Recommend
Forex – Alvexo offers over 58 currency pairs that are the most commonly traded, such as GBP/USD, EUR/USD, and EUR/GBP. 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. • Buy/sell CFDs on all the leading exchanges ranging from shares, indices and commodities. The nature and extent of consumer protections may differ from those for firms based in the UK. Alvexo understands that a physical location from which to provide service is essential and has conveniently located offices in Cyprus to better serve our broad client base.