1. Alvexo Pros and Cons
  2. Is Alvexo safe or a scam?
  3. Leverage
  4. Trading Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platform
  8. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years experience in Forex Trading check trading offering, fees, platforms, verified regulations, contacted customer service and placed traders to see trading conditions and give expert opinion about Alvexo

What is Alvexo?

Alvexo is a Cyprus based Forex trading Broker 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 Pros and Cons

Alvexo is a highly regulated broker with a good reputation that provides flexible trading conditions, a variety of platforms, and pricing built into a spread or commission charge. The research and educational materials are good as well.

For the negative points, there is no 24/7 support, and the market range is limited to FX and CFDs, also another disadvantage is that it runs an offshore entity, and conditions and protection vary based on the entity.

CySEC regulatedOnly Forex and CFDs
Competitive trading conditionsNo 24/7 support
Low SpreadsConditions and protection standards vary based on the entity
Global expansion including Australia, Asia, MENA, Africa regions, and Europe
Good Reputation

Alvexo Website

Alvexo Review Summary 10 Points
🏢 HeadquartersCyprus
🗺️ RegulationFSA, CySEC
📉 InstrumentsCurrencies and CFDs on Indices, Cryptocurrencies and Commodities
🖥 PlatformsAlvexo WebTrader, MT4
💰 EUR/USD Spread1.5 pips
🎮 Demo AccountProvided
💰 Base currenciesEUR, GBP, USD
💳 Minimum deposit500 $
📚 EducationEducational materials, range of curriculum of texts and videos with Basic or Advanced trading strategies
☎ Customer Support24/5

Overal Alvexo Ranking

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 the spreads for FX pairs.

  • Alvexo Overall Ranking is 7.8 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingAlvexoPepperstoneCMC Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageLeveragePlatformsGood Liquidity

Alvexo Alternative Brokers

However, we found the broker has not a very wide range of markets offering only FX and CFD trading instruments and doesn’t have a top-tier license, so here we gather some alternative Brokers for your consideration:

Is Alvexo safe or scam?

No, Alvexo is not a scam it has a good reputation with a decade-long operation and is considered a low-risk Forex environment. The broker is a registered Cyprus-based company and complies with financial regulations according to CySec and also holds a Cyprus license.

Where is Alvexo regulated?

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. 

  • Additionally, Alvexo 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 that does not implement strict regulatory restrictions towards financial firms, therefore solely can be trusted. However, since Alvexo is authorized by the member regulatory from the EU, it means its operations are set to strict guidelines maintained by MiFID.

See our conclusion on Alvexo Reliability:

  • Our Ranked Alvexo Trust Score is 8 out 0f 10 for good reputation and service over the years, the broker holds a license from reputable regulators and complies with industry standards proving its credibility and ensuring aa safe trade environment
Alvexo Strong PointsAlvexo Strong Points
CySEC-regulatedRuns an offshore entity
Global expands including Asia, MENA, Africa regions
Segregation of Clients Funds
Good Reputation

ALvexo Review License

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. While the regulation enables the customer to trade with assurance according to the protection settlement procedures performed through the range of rules the broker is obliged to.


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.

Alvexo Leverage depends on the entity offering, as we found out, so be sure to verify conditions well:

  • Alvexo Europe offers 1:30 for Forex instruments
  • Alvexo entity in Seychelles offers higher leverage rates up to 1:500 for some major currency pairs.

Account types

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 (Find swap free forex brokers here).

Fast digital account opening Conditions vary according to account type
The proposal between Accounts based on spread only or based on commission
Low minimum deposit
Demo Account
Islamic Account

Alvexo 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 Fees are ranked low with overall rating 8.3 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on account type, see our finds of fees and pricing in the table below
FeesAlvexo FeesSquaredFinancial FeeeasyMarkets Fee
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingAverageLowLow

Alvexo spread

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 Pepperstone.

  • Alvexo Spreads are ranked low with overall rating 8.3 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are very attractive too
AssetAlvexo FeesSquaredFinancial SpreadeasyMarkets
EUR USD Spread1.4 pips1.1 pips1.3 pips
WTI Crude Oil Spread434
Gold Spread353440

Alvexo spread

Funding Methods

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 Funding Methods we ranked with overall rating of 7.8 out of 10. Minimum deposit is higher than average in industry, yet Fees are either none or very small also allowing to benefit from various account-based currencies

Here are some good and negative points for Alvexo funding methods found:

Alvexo Advantages Alvexo Disadvantages
Fast digital deposits, including Neteller, and Credit Cards High Minimum Deposit Requirements
Multiple Account Base Currencies
Free deposits and withdrawals

What is the minimum deposit at Alvexo?

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
Minimum Deposit $500 $500

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.

ALvexo payments

Trading Platforms

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.

  • Alvexo Platform are ranked Excellent with overall rating 8.1 out of 10 compared to over 500 other brokers. We mark it as excellent being one of the best proposals we saw in industry, and a great range including MT4
Alvexo Advantages Alvexo Disadvantages
Fast digital deposits, including Neteller, and Credit Cards High Minimum Deposit Requirements
Multiple Account Base Currencies
Free deposits and withdrawals

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.

Alvexo platform


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.

Customer Support

Another advantage we found with Alvexo is their proactive and knowledgeable customer support committed to providing client satisfaction 24/5. The support is omnichannel offering Live chat, email, and international phone calls.

  • We rank Alvexo Customer Support 8 out 0f 10 based on our testing. The broker provides quick and relevant support and we remained highly satisfied with the quality of support. The main problem is that the broker doesn’t provide support on weekends, and Live chat is available only in English

See our find and Ranking on Customer Service Quality:

Quick response Relevant answersNo 24/7 customer support
Live Chat available
Relevant answers


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 is enabled through the range of established global offices.

  • Alvexo Education ranked with overall rating 9 out of 10 based on our research. The broker provides very good quality Education Materials, excellent research, also cooperates with market leading providers of data

Alvexo academy

Alvexo Review Conclusion

Overall, 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 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 algorithmic trading.

However, there are many negative reviews from the traders available, so we advise to do your own research before signing in with Broker or deciding weather it is suitable for you or not.

Based on Our findings and Financial Expert Opinion Alvexo is Good for:

  • Beginning Traders
  • Professional Traders
  • EAs running
  • Copy Trading
  • Scalping / Hedging Startegies
  • Traders who prefer MT4 platform
  • Currency Trading and CFD Trading
  • Suitable for a Variety of Trading Strategies
Ibrahim From United Arab Emirates | | Tuesday, February 1, 2022

DON'T DEAL WITH ALVEXO BIG scam Unprofessional team Misleading/ manibulating information If you are dealing with Mohamad Wattad you are at high risk to lose all your money !!! They started by convensing you to open an account to try trading They give false information to feel that you are making profit to increase your capital Once you reached your maximum, showing them you will not deposit more money , They will show you that you lost all your money !!! At the beginning they claimed that you will trade only using 20% from your money but suddenly they will inform you that you lost it all!!!

No news available.

7 responses to “Alvexo”

  1. 1 big fucking scam, they keep calling in the middle of the night, asking to deposit money straight away, very very annoying.

  2. Alvexo company big scam
    Your money is not safe with them
    They will do anything until you cannot withdraw your money
    They will risk in your money
    They will take advantage of your liss of experience
    Because if you have a real experience You will not put your money with this type of company
    Weakest licenses
    And you can check if that is true or not
    I don’t want anyone to do my experiment

    • Hi Tareef
      I have tried for the last 2 days for a withdrawal but it will not let me only says cancel transactions
      Did you ever get your money back ?
      Kind Regards
      Steve Harvey

    • Hi this is Jacques
      one of alvexo sales people called me just now and thay want me to make a deposit ..
      so i said i first need to do my homework on them ..

      what do you think of alvexo

  3. Alvexo cancelled my account for accusing me of using Expert Advisor

    After I made profit from 6 trade within a week. Don’t be the next victim like me.
    My account was cancelled as below:
    Pursuant to the Company’s monitoring procedures and examination of your trading account, we have reasonable grounds to believe that you have been abusing the Company’s Terms & Conditions since your trading activity pattern indicates that your trading was performed with the assistance of an expert advisor.

    Further to the above, in accordance with Sections 15.2 and 26.4 of the Terms & Conditions, the Company shall terminate the business relationship with immediate effect.
    In this respect, kindly note that all open positions will be closed (if any) and no additional profits will be released to you, whilst as a gesture of goodwill, the Company shall not recall any profits already withdrawn from your trading account.

    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.

    We apologise for any inconvenience caused.

    Best regards,

    Compliance Department
    HSN Capital Group Ltd

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