- Alvexo Pros and Cons
- Is Alvexo safe or a scam?
- Trading Fees
- Deposits and Withdrawals
- Trading Platform
What is Alvexo?
Alvexo is a Cyprus based trading company that 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.
The company provides a complete set of investment services that are tailored to the client’s needs with flexible leverage, an entire array of analytical tools, trading academy materials, live customer supports and through the latest software innovations.
Alvexo provides flexible trading conditions, variety of platforms and pricing built into a spreads or commission charge. The research is good.
For negative side, education is missing, proposal might be different depending on regulation.
10 Points Summary
|🗺️ Regulation||CySEC, SFSA|
|📉 Instruments||Currencies and CFDs on Indices, Cryptocurrencies and Commodities|
|🖥 Platforms||Alvexo WebTrader, MT4|
|💰 EUR/USD Spread||1.5 pips|
|🎮 Demo Account||Provided|
|💰 Base currencies||EUR, GBP, USD|
|💳 Minimum deposit||250 $|
|📚 Education||Educational materials, range of curriculum of texts and videos with Basic or Advanced trading strategies|
|☎ Customer Support||24/5|
Is Alxevo safe or a scam
No, Alvexo is not a scam. Alvexo is owned and operated by VPR Safe Financial Group Limited a Cyprus Investment Firm supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC). In addition, there is another entity of Alvexo, which operates under HSN Capital Group Ltd, supervised and regulated as a Securities Dealer by the Financial Services Authority (FSA) of Seychelles.
In fact, Seychelles is a beautiful offshore zone which does not implement strict regulatory restrictions towards financial firms, therefore solely can be trusted. However, since Alvexo is authorized by the member regulatory from EU, it means its operations are set to strict guidelines maintained by MiFID.
Therefore and due to its authorization, Alvexo registration allows the provision of the investment and brokerage services within the EEA to European residence and even further. While the regulation enables the customer to trade with assurance according to the protection settlement procedures performed through the range of rules the broker obliged to.
That includes client’s funds’ segregation from the company ones, security and encryption of the transactions, participation in the schemes in case of the company insolvency, etc. Moreover, the Alvexo provided negative balance protection which protects clients from the loss that exceeds the initial balance.
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. Yet, make sure to learn how to use tool smartly, as high leverage an incorrect use increases risks as well.
As for the Alvexo leverage levels, they are depending on the instrument you trade, as well defined by the regulatory restrictions. Therefore, trading with European entity regulated by CySEC you can use lower leverage level the maximum of 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities.
Yet, another Alvexo entity in Seychelles may offer higher leverage rates up to 1:400 for some major currency pairs.
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.
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 fees are depending on the account type and are commission or spread basis. See additional fee table below.
|Fees||Alvexo Fees||SquaredFinancial Fee||easyMarkets Fee|
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. E.g. ECN Gold account commission for EUR/USD pair is 18pt, while ECN VIP account commission for the same pair is 13 pt, and for Alvexo spreads themselves see the comparison example below. As well you may compare Alvexo fees to another popular broker SquaredDirect.
|Asset||Alvexo Fees||SquaredFinancial Spread||easyMarkets|
|EUR USD Spread||1.4 pips||1.1 pips||1.3 pips|
|WTI Crude Oil Spread||4||3||4|
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.
There are various payment methods that are enabled as the transfer option to the live trading accounts, these funding methods including popular Credit and Debit Cards, selection of electronic payments and Bank Transfers.
Alvexo minimum deposit is 500$, which is defined by Classic Account conditions, yet the amount is also defined by the account type you choose.
Alvexo minimum deposit vs other brokers
|Alvexo||Most Other Brokers|
Alvexo deposit fee
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 trading platform selection features the award-winning Alvexo Web Trader, MetaTrader4 and Mobile App that enables you to choose the best-suited software to trade. The Alvexo WebTrader a proprietary platform requires any installation or downloads and presents one-click trading capabilities with real-time quotes, intuitive design and including all order types with high speed of STP execution.
The world’s popular and powerful MT4 remaining at your pocket as well, which employs the major indicators with instant response to trading alerts and signals on chart-based trading with multiple order execution.
Lastly, Mobile App allows trading at any time with ease and convenience with all symbols and functions through full modification features covering your trading needs by any mean.
Moreover, since the tools and analysis is the key to smart decisions, Alvexo delivers latest market news, reviews and analysis along with real-time signals that were prepared by professional economists and brokers featuring 88% accuracy. Alvexo market data is updated twice a day, plus to the breaking news or trading opportunities and is provided for free to all customers.
Alvexo provides also educational materials that expand the understanding of the Forex markets and the world economy through the range of curriculum of texts and videos designed with either Basic or Advanced trading strategies.
Moreover, the multi-lingual staff stands after their clients with constant support and service delivery that enabled through the range of established global offices.
Overall, the beginning or experienced traders will find the best suitable option with well-supported feature at Alvexo. There are enriched tools, latest news, comprehensive research that enables you to make informed decisions using the transparent platforms. The broker performs STP execution with a range of account types to choose from, as well as an ECN account feature great for active or the algorithmic trading.
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