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Clicking on “View full details” opens a new tab and displays swap rates for the asset. Since then, this broker claims to have over 650,000 registrations, a rather impressive accomplishment, but one that we could not verify during this Alvexo review. Alvexo offers CFD trading in over 450 assets across five categories and claims that technology fulfills a vital role in its trading environment. This broker has a research department, hosts annual events, and provides traders with the MT4 trading platform on top of its proprietary WebTrader. Education is also highlighted in Alvexo’s approach to achieve long-term trading satisfaction. An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus.
- The fees Alvexo charges are high compared to other brokers in the forex industry.
- To conclude, this Alvexo review has covered everything you need to know about the trading platform, highlighting its qualities and fee structure and showing how to create an account in minutes.
- The minimum trading lot size for Alvexo is available for its basic account that is for 0.01 lot size.
So go through our review and get a better insight into the working of the trading platform. Put simply, Alvexo is a regulated online trading broker that offers a wide variety of asset classes for users to trade through the use of CFDs. Alvexo was initially launched in 2014 but has grown rapidly over the past few years and is now regulated by CySEC – one of Europe’s most respectable financial regulatory agencies. While using the trading assets at Alvexo, the traders may use the platform’s powerful tool leverage that may potentially increase the profits through the possibility to multiply initial account balance. It is important to ensure that the traders know how to use leveraged products and tools smartly since high leverage means capital is at risk. All new trading accounts receive a call back from a representative who answers customer queries and outlines a guide toward the complete activation of the Alvexo account.
Is Alvexo safe?
Spreads on indices such as the FTSE 100 start at 3.5 pips for the Classic account and 0.88 pips for the Elite account. Alvexo is an established broker that stands out for its education and service-oriented focus. 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. Imo alvexo broker has a good combination of features and strength in the market offer.
The best features offered by Alvexo are the its learning offerings, but those must be picked through carefully to find the right ones. Regrettably, there were no real unique features discovered during our Alvexo review. 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. Alvexo offers the same fees and trading features in New Zealand as it does elsewhere. This means that NZ-based traders can trade commission-free, as costs are built into Alvexo’s spread.
Enhance your experience with the Alvexo desktop app for Mac and PC on WebCatalog. CySEC regulation is confirmed, and Alvexo provided the link to the regulation. The account creation process is extremely streamlined and can be completed on your mobile device, laptop, or tablet. The process of creation can be completed in less than ten minutes. You must first complete the account registration process before making a deposit.
The global operation of Alvexo is operated by HSN Capital Group Ltd under the regulation of Seychelles Financial Service Authority . Both arms provide negative balance protection, but the fund protection schemes and leverage rates somewhat vary. 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 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. The only significant change remains a reduction in the minimum spread to 2.2 pips.
Is Alvexo UK Broker Safe?
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. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The broker performs STP execution with a broad range of account types and an ECN account feature which is excellent for algorithmic and active trading. Kindly note that hedging, guaranteed stop loss, social and copy trading are not available at Alvexo brokers. Alvexo collects its fees from spreads and commissions charges across all available assets.
Founded in 2014, Alvexo has experienced exponential growth and currently has clients in over 100 countries across the globe. However, trading in certain products is subject to respective market opening times. Trading out of hours can bring with it less trading volume and wider spreads. Alvexo offers CFD instruments on Forex, Commodities, Indices, and Cryptocurrencies.
The broker is a market maker that makes additional profits from the losses of its traders by acting as a counterparty to open positions. Spreads may differ depending on the type of account but are highly competitive. Spreads on classic accounts start at 2.9 pips and go down to 0.1 pips for Elite account holders.
The Trustpilot Experience
” opens a new tab populated with articles and video tutorials, the content is solid but again littered with marketing material from this broker. This may help explain why the education provided appears to disconnect with traders, the academic atmosphere is not provided, and a marketing-focused presentation is dominant. Five banners are embedded with each educational article, and therefore the Trading Academy is a bit distracting when it should be designed for ease of use. Limited information is published about WebTrader, but the features listed comparable to those offered by the myriad of MT4 plugins that Alvexo doesn’t currently offer.
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. Customer service information remains scarce, and operating hours are not mentioned. Traders may call one of the toll-free numbers provided or use the webform to send a message. At a well-managed brokerage, most traders will never require assistance.
76.57% of retail investor accounts lose money when trading CFDs with this provider. We are happy that you have chosen Alvexo as your financial broker. We work very hard to offer the best possible service and assistance to our clients. The trading platform is one of the best and most powerful trading software out there. It takes your trades to another new level to take full control over and take advantage of the volatile market with its instant execution trades.
Amy Griffin enjoys writing about social media, other marketing strategies, and finance. Some of her best-known work includes educational content related to finance and economics. Alvexo is regulated by CySEC, one of the most reputable financial regulatory agencies within the EU. Click the ‘Deposit Funds’ button and choose the amount you’d like to deposit (minimum €500).
Alvexo charges & fees
Alvexo also offers referral bonuses that allow current traders to earn great rewards by referring a friend or relative to the broker. The broker is a market maker who makes additional profits from the losses of its traders by acting as a counterparty to the open positions. Spreads may vary based on the account type, but they are extremely competitive. The Classic account spreads start at 2.9 pips, and it falls to as low as 0.1 pips for Elite account holders. The spreads on indices like FTSE 100 start at 3.5 pips for Classic account and 0.88 pips for Elite account. Alvexo online trading lacks social trading and copy trading features.
After this, upload proof of ID (passport or driver’s license) and proof of address to verify your account. Alvexo doesn’t charge a deposit fee or withdrawal fee, which is ideal for saving money in the long term. However, Alvexo does charge a small inactivity fee of 10 units of your base currency (i.e. $10) after three months of no trading.
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. After complete the Alvexo review, we conclude that Alvexo is a trading environment more suited for experienced traders. The calls are mostly tailored so that new traders should get an idea on how to begin the trading, while for the experienced level of traders, it assists at an advanced level of skill set. Alvexo offers Traders to have the option to choose from a variety of methods for deposition and withdrawal of the amount. The user is simply required to login to the trading option and select the deposit fund, for deposit activity, at the top of the dashboard in the menu option. You’ll then be asked to enter some personal details for the KYC checks and provide some information on your trading experience.
Still, the complete set of instruments is available only to those investors and other traders who complete the second registration phase. The second phase includes certain form filling and a minimum cash deposit. 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. Alvexo designed five accounts that enables investment options according to the requirements and components of each one.
Traders who opt for the Classic account will have to make a minimum deposit of €500 before trading. Since Alvexo doesn’t charge any commissions, the only fee to be aware of is the spread. This does vary from asset to asset, although it can be as low as 2.9 pips on the Classic account.
The transactions at Alvexo are processed by the leading PCI-certified service and payment provider whereas the servers are situated in SAS-70 certified centers. 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. 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. Market updates consist of market trends published once per week, a daily analysis, and a weekly report.
https://forexbroker-listing.com/ market data is updated twice a day, plus to the breaking news or trading opportunities and is provided for free to all customers. 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 . The MT4 trading platform is offered by Alvexo, but it lacks many of the add-ons offered by other brokers that can turn this platform into a true powerhouse. MT4 fully supports automated trading and remains the most popular choice among retail traders. Alvexo also offers a proprietary WebTrader that is also available as a mobile version.