Alvexo Review

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.

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.

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:

• BalckBull Markets – Excellent Education
• XM –  Broker with Excellent Regulation
• Interactive Brokers – Good for Trading Real Stock

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

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.

Leverage

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).

Fees

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

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

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:

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 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.

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

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.

Research

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:

Education

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 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