The deposit is €500; for Gold, it is €10,000; for Prime, it is €50,000; and for Elite, the minimum deposit varies. Note that Alvexo does not charge any transactions, deposits, or withdrawal fees compared to many other broker companies. • Open a FREE $50,000 demo account and practice your online trading in demo mode before you transition to a real money account.
Trading signals are provided free of charge and advertised with an accuracy rate of 82%. One could suggest that if more of Alvexo’s traders used the brokerage’s trading signals, their overall client loss rate wouldn’t be sitting at 79 percent. The built-in trading tools are compatible across multiple devices and offer a more robust trading experience. The software is designed to supplement the existing MetaTrader 4 platform, allowing traders to manage investment portfolios, perform technical analysis, and set necessarily real-time price alerts. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. 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.
Alvexo cancelled my account for accusing me of using Expert Advisor
Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Alvexo provides traders with expensive trading conditions in an uncompetitive trading environment; they may be the highest across the brokerage industry. Alvexo claims over 650,000 registrations, though this information could not be confirmed. Information provided regarding costs contradicts itself on their website, and CySEC regulation does little to install confidence in Alvexo.
- While they are arranged by asset class, and a search function is present, the list only includes five assets, and traders need to scroll through a sometimes extensive list.
- The opportunity to offer TeamViewer support could be interesting if serious assistance is needed, though traders would be rightfully skeptical about the security implications of sharing screens in this way.
- In addition to the popular MetaTrader 4 platform, the Alvexo WebTrader proprietary development is available to customers.
- MT4 fully supports automated trading and remains the most popular choice among retail traders.
- An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus.
Trading CFDs and forex on this great platform are completely safe and secure. The company provides financial services regulated by Cyprus Securities and Exchange Commission . The global operation of Alvexo is operated by HSN Capital Group Ltd under the regulation of Seychelles Financial Service Authority .
Alvexo Partnership Programme’s mission is to develop a long-term business relationship with the partners and their referred clients. Hence, it is highly recommended to check the official page for updated information on the broker company’s terms and conditions, bonus programs, rewards, loyalty prizes, and the company’s monitoring procedures. 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. It is simple to trade when the application is simple, fast, easy, continuous support from your account manager and patience but there are risks as well . The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading. Traders were not offered any bonuses or promotions at the time of this Alvexo review, most likely because regulation does not allow these offerings.
The EUR/USD carries at 1.4 pips with a commission of $18 per lot with a minimum lot size of 0.05 lots. The ECN VIP account represents the sole account where all assets are available. The minimum deposit size is available on request only, but given the structure implemented, it is likely above €50,000 as the minimum lots size is increased to 0.25 lots. Alvexo collects its fees from spreads and commissions charges across all available assets.
Forex – Alvexo offers over 58 currency pairs that are the most commonly traded, such as GBP/USD, EUR/USD, and EUR/GBP. The multilingual Alvexo customer support team operates from Monday to Friday, 9 AM to 6 PM. In addition, the users can get in touch with the support team on a phone call or via email. • Buy/sell CFDs on all the leading exchanges ranging from shares, indices and commodities. The nature and extent of consumer protections may differ from those for firms based in the UK. Alvexo understands that a physical location from which to provide service is essential and has conveniently located offices in Cyprus to better serve our broad client base.
Alvexo also offers a proprietary WebTrader that is also available as a mobile version. As per our Alvexo review and research, we can say that the platform security measures include the standard security features used by many other brokers in financial markets. All https://forexbroker-listing.com/ trades are safely secured and encrypted with 256-bit RapidSSL encryption, protocols, and firewalls. 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.
Alvexo Supported Country
The EUR/USD is listed with a spread of 3.3 pips in the Classic account; this is reduced to 1.4 in its ECN account, but a commission between $13 and $18 applies. Commission charges for equity CFDs range between $0.025 and $0.015 per share, and certain assets are priced as high as $50 per lot. This broker is a market maker and also profits from traders’ losses where it acts as the count-party to the positions taken. Apart from the demo account Alvexo offers, there are the popular Classic, Gold, Prime, and Elite accounts among the five types of accounts.
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. MetaTrader 4 is one of the most trusted and respected platforms preferred by most traders today. It is an extremely robust and feature-rich trading platform with welcoming functionality for new clients and advanced functionality to cater to the requirements of the more advanced market participants.
There is an abundance of written content and videos available, and much of it is good quality. ” 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. Customers can also reach the support team at 1 Agias Fylaxeos street Limassol, 3025 Cyprus. Any trader with a query regarding the platform’s features, fees, bonuses, and functionality can get in touch with the broker’s customer support for assistance.
Alvexo trading site was founded in 2014 under the ownership of VPR Safe Financial Group Ltd. The popular broker, Alvexo, is headquartered in Limassol, Cyprus, but has an office in Mahe, Seychelles. Alvexo’s website boasts more than 450 tradable assets and thousands of experienced traders worldwide, including France, the UAE, and Singapore. The multi-asset broker is registered and regulated by CySEC and Seychelles FSA . The global operation of Alvexo is operated by HSN Capital Group Ltd, regulated by FSA. Additional features of this broker include a signal service, market news, educational content, trading blog, etc.
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.
Alvexo Review 2023: Is Alvexo Broker Best For You?
The only significant change remains a reduction in the minimum spread to 2.2 pips. Equity CFDs remain missing, the minimum trade size has been increased from 0.01 lots to 0.05 lots, and the stop-out level is reduced from 50% to 15%. The website is enriched with advanced tools, forex and CFD assets, market news, and comprehensive research and education that allows traders to make informed decisions with the help of account managers provided by the website. 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. According to this Alvexo broker review, the Alvexo platform is a Cyprian investment firm.
Alvexo’s services include one of the top brokers with more than 650,000 registrations which is quite an impressive accomplishment compared to other brokers. The Alvexo offers CFD trading in more than 450 tradable assets across 5 categories. Worth mentioning that the technology used by this CFD broker fulfills an important role in the trading environment.
The account types Alvexo offers include a free demo account in which the traders are credited with £50,000 of virtual money. There is a practice simulator that acts as an excellent way for the traders to experiment with new trading strategies and the different trading platforms in a risk-free forex trading environment. Alvexo offers five accounts that have less-than-perfect trading conditions. Advantages of trading signals, trading strategies, and daily market analysis. Alvexo offers five distinct account types, all of which has less-than-ideal trading conditions.
• Get the feel for trading shares and forex from around the world from the comfort of your phone. Please fill out your password below to start chatting with your account manager. Alvexo is a brand name of VPR Safe Financial Group Limited that is committed to the protection of our investors’ interests. As such, we are supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC license number 236/14).
Among the various bonuses and promotions that Alvexo offers, the most popular one is the welcome bonus given to traders who register at Alvexo for a real trading account. This bonus is worth a $300 deposit bonus which means that the traders need to maintain a minimum deposit after opening a Classic trading account. Demo account holders must note that these bonuses are not available for them. Alvexo also offers referral bonuses that allow current traders to earn great rewards by referring a friend or relative to the broker. Once all the information and documents are submitted by the new user, the bank office then verifies them according to the regulatory requirements. ID documents include a copy of any government ID and proof of residential address.
Trading accounts of Alvexo
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. While a proprietary platform shows dedication to provide a better trading environment for clients, it needs to surpass what is available to offer a competitive edge, not simply equal what is offered elsewhere. There are a range of payment methods supported by Alvexo as the traders transfer from the demo account to the live trading account. The funding methods include debit cards, credit cards, bank transfers, and other electronic payment methods. Shares – Alvexo provides the opportunity to buy, sell and trade stocks from major European and US stock exchanges such as NASDAQ, NYSE, London Stock Exchange, and many more. There are thousands of companies to choose from and a complete trading suite in which the traders can choose the platform as their portal to the investment markets.
According to this Alvexo review and other forex broker reviews, there is still sufficient room for the broker company to improve its research and academic atmosphere and make it less marketing-focused. Alvexo Brokers boasts more than 450 financial instruments with over thousands of registered traders from around the world, including UAE, Singapore, and France. 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. This callback is designed to handle inexperienced clients and aims at developing their skills instead of advising them to start trading with immediate effect. In regards to your comments, we are very sorry to hear that you have had a bad experience with Alvexo.