- 1 Alvexo Company Overview
- 2 Trading Platforms
- 3 Assets
- 4 Spreads and Fees
- 5 Leverage
- 6 Mobile Apps
- 7 Payment Methods
- 8 Demo Account
- 9 Bonuses and Promotions
- 10 Regulation and Licensing
- 11 Additional Features
- 12 Account Types
- 13 Benefits
- 14 Drawbacks
- 15 Trading Hours
- 16 Customer Support
- 17 User Security
- 18 Alvexo Verdict
- 19 Accepted Countries
- 20 Alternatives to Alvexo
- 21 FAQ
- 22 Where is Alvexo managed?
- 23 Does Alvexo offer a demo account?
- 24 What amount of capital do I have to trade with this Alvexo?
- 25 Does Alvexo acknowledge US customers?
- 26 How might I erase my Alvexo account?
Alvexo is an online forex broker contributing a scope of tradable assets, multiple accounts, and different instructive assets. Here we’ll investigate the broker’s trading platform, portable application, signals offering, and that’s just the beginning. Peruse this audit to see if Alvexo is ideal for you.
Alvexo Company Overview
Alvexo was established in 2014 and is possessed by VPR Safe Financial Group Ltd. Its central command is in Limassol, Cyprus. However, the company additionally has an office in Paris.
Alvexo brags more than 450 tradable instruments and has a large number of customers around the world, from France to Singapore and the UAE. The broker is the authority accomplice of Norwich City FC.
Alvexo is enlisted with the Cyprus Protections and Trade Commission (CySEC) and the Financial Administrations Authority (FSA) of Seychelles.
Alvexo offers two trading platforms – MetaTrader 4 and an electronic other option. The downloadable MT4 platform is broadly utilized among financial traders and is appropriate for customers of all experience levels.
- 30 technical indicators and 9 timeframes
- Graph and chart following
- Customization tools
- Multiple order types
- Instant execution
- real-time alerts
- Market signals
Alvexo additionally provides an award-winning WebTrader platform with no download required. The electronic choice is accessible on any gadget with a web program, while the interface is easy to understand and simple to explore.
Alvexo customers can exchange various financial business sectors:
- Forex– 58+ currency pairs including GBP/USD and EUR/GBP
- Indices– Exchange on the world’s driving indices, including the FTSE and DAX
- Shares– Significant shares accessible from a large group of worldwide organizations like Alibaba, IBM, and Netflix
- Commodities– Exchange Brent Oil, Copper, and Natural Gas
- Cryptocurrencies– Exchange on Bitcoin, Litecoin, Dash and Ethereum
Note just ECN VIP account holders can exchange on European and US stocks.
Spreads and Fees
Spreads fluctuate as indicated by the account, be that as it may, they are serious. The EUR/USD spread begins at 3.3 pips for Classic account holders and drops as low as 0.4 pips with the ECN VIP alternative. Spreads on significant indices, for example, the FTSE 100 beginning at 3.53 focuses on Classic accounts and 0.88 focuses on ECN VIP accounts.
Classic, Gold, and Prime individuals partake in a commission-free design. Different expenses incorporate a latency charge equivalent to 10 units of the base currency and trade fees on positions left for the time being.
Leverage for those exchanging Europe is covered at 1:30. Customers working under FSA guidelines can use higher leverage, up to 1:300. Leverage ought to be used just when brokers understand the risks implied.
Alvexo offers a mobile application to work in quick trading. The iOS and Android apps are accessible to download free of charge from the Application Store or the Google PlayStore. When you have your part login subtleties, you can exchange commodities, indices, forex, and cryptocurrency. The application, for the most part, gets positive client audits, and highlights include:
- Daily signals
- Charting suites
- Real-time alerts
- Risk management tools
Clients can finance trading using credit cards. Those acknowledged incorporating VISA, MasterCard, American Express, and debit cards (VISA Electron, Maestro, Money U, V-Pay), electronic wallets (QIWI wallet), or wire transfer.
The minimum deposit is explicit to the kind of account held. For a Classic account, the prerequisite is $500. For a Gold or ECN account, it’s $2,500. And for a Prime account, it’s $10,000. The broker doesn’t charge any withdrawal or deposit expenses.
Withdrawals take at least 3-5 business days, and wire transfers may take longer. Alvexo just empowers exchanges in US Dollars and Euros.
Alvexo presents a non-paid demo of their web platform. Users will be credited with a £50,000 virtual equilibrium. The training simulator is an extraordinary way for traders to attempt new systems and platforms in a danger-free climate.
Bonuses and Promotions
Alvexo offers an allude companion limited-time special that grants users a $300 trading bonus upon the launch of a Classic account. Intermittently, the broker likewise offers a first deposit bonus, the size of which relies upon the sum deposited. Continuously check bonus agreements before you begin trading.
Regulation and Licensing
Alvexo is an authentic broker that is safe to exchange with and not a trick. Alvexo (Europe) is functioned by VPR Safe Financial Group Limited and regulated by the Cyprus Securities and Exchange Commission (CySEC). Alvexo’s worldwide activity is operated by HSN Capital Group Limited and controlled by the Financial Services Authority of Seychelles (FSA).
The two purviews offer negative equilibrium security, yet leverage rates and asset assurance plans fluctuate.
A set-up of additional features is available to work with training and trading. Users approach a blog, examination tools, market news, an economic calendar, plus market signals. There is additionally a foundation offering tutorials, online classes, and articles to assist users with distinguishing and exchanging the value distinction.
Alvexo offers five trading accounts; Classic, Gold, Prime, ECN Gold, and ECN celebrity. The spread, leverage, minimum arrangement size, and tradable assets are explicit to the account holders. A Classic account offers spreads from 3.3 pips, leverage up to 1:30, and a minimum arrangement size of 0.01 parts. An ECN celebrity account offers spreads beginning from zero pips, leverage up to 1:300 (professional clients just), a minimum arrangement size of 0.25 parts, and a broader range of tradable assets, including European and US stocks.
On the off chance that you take Alvexo versus any semblance of eToro, FXTM, and Degiro, the broker performs well in the accompanying regions:
- A broad range of assets and markets
- CySEC and FSA regulated
- Tiered account options
- Competitive spreads
Alvexo could likewise work on its offering:
- No MetaTrader 5 platform is available
- Not available to clients from the US
- Some bad customer reviews
- High minimum deposit
Customers can get to trading platforms day in and day out. Nonetheless, trading in specific items is dependent upon separate market opening occasions. Trading out of hours can carry with it less trading volume and more extensive spreads.
Customer support is effortlessly gotten to through the live talk work, situated in the bottom right of the screen. Then again, the contact phone number is +35725030482. The broker’s customer administration group is well disposed, accommodating, and reacts rapidly to questions.
Alvexo utilizes the standard security measures utilized by online financial brokers. Trades are obtained with 256-bit RapidSSL encryption, and the whole framework is fire-walled. Exchanges are executed by the most elevated PCI-Certified specialist organizations, and workers are situated in SAS-70 certified server farms.
The moment it may not be market-leading, Alvexo is a decent broker contributing a vivid trading experience with simple to explore platforms, multiple assets, and accounts, in addition to cutthroat spreads. For dynamic traders, specifically, the higher account levels offer low trading charges and a wide scope of financial instruments.
Alvexo acknowledges traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.
Traders cannot utilize Alvexo from the United States, Israel.
Alternatives to Alvexo
In case you are searching for alternatives to Alvexo, we have accumulated a rundown of the top 5 brokers that are like Alvexo beneath. This rundown of brokers like Alvexo is arranged by likeness and just incorporates organizations that acknowledge traders from your area.
Fortrade – Fortrade is a multi-asset broker contributing a basic live account with cutting-edge tools.
RoboForex – RoboForex is a multi-asset online broker contributing amazing trading assistants.
OctaFX – OctaFX offers multi-asset trading on a scope of platforms and mobile arrangements.
FXOpen – FXOpen is an exceptionally directed FX, and CFD broker is contributing multiple trading platforms.
IronFX – IronFX presents internet trading in forex, stocks, futures, commodities, and cryptocurrencies
Where is Alvexo managed?
Alvexo is managed by the Cyprus Securities and Exchange Commission (CySEC). The broker is likewise controlled by the Financial Services Authority (FSA) of Seychelles. Alvexo is an authentic online broker and not a trick.
Does Alvexo offer a demo account?
Alvexo presents users with a free demo account on their web platform. Users will get a £50,000 virtual balance to test the broker’s trading services.
What amount of capital do I have to trade with this Alvexo?
The base deposit for an Exemplary account is $500. The higher account levels require bigger least deposits, in the abundance of $20,000.
Does Alvexo acknowledge US customers?
No, Alvexo’s services are not accessible to residents from the US. Customers from Israel are likewise unfit to open a trading account.
How might I erase my Alvexo account?
To erase an account, users should email a solicitation structure to firstname.lastname@example.org. The customer support group will then, at that point, interact with the solicitation.