Alvexo™ – The Best Forex Broker?
Read our Alvexo™ Forex broker review below...
...Alvexo is an online broker specializing in the global financial markets offering currency investment and CFD trading. The broker is registered with the Cyprus Securities & Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.
Alvexo is committed to empowering and educating an ever-expanding client base by providing access to the leading technologies they need to support our client's efforts and ensure fast, timely and secure trading, and we offer a range of services designed to maximize trading skills. Today the broker Alvexo has more than 650,000 registrations.
STP/NDD brokerage model
Well-equipped educational resources
Negative balance protective option
Demo and Islamic Account
Wide range of trading instruments are available
MetaTrader 5 is not available
High commission on ECN account
Not available for USA traders
Limited payment options
High commission rates and initial deposit
Alvexo is a regulated investment broker serving all trading levels with a particular focus on financial market education. It offers an outstanding choice of platforms, services and education, daily market updates, weekly reports, webinars and economic calendars to facilitate a responsive and reliable trading experience. Alvexo is aimed at EU member states and aims to protect the interests and safety of its investors in accordance with the rules governing each member state. Customer deposits are held in segregated bank accounts in accordance with regulatory requirements. Alvexo is a medium broker who stands out for his attention to education and service.
Alvexo offers the MT4 trading platform and also offers the proprietary WebTrader platform, which is also available in a mobile version. The broker offers access to a large selection of over 450 assets, ranging from major, minor and exotic currency pairs to stocks of the world’s best companies. They also offer Future Indices, stocks and access to crypto trading on pairs such as BTC/USD, ETH/USD, XRP/USD, LTC/USD, DASH/USD. The spreads and commissions of this broker are average compared to competitors. EUR/USD is quoted with a spread of 2.9 pips on a Classic account; on his ECN account, this amount is reduced to 1.8 pips, but a commission is charged from 13 to 18 dollars. The commission for CFDs on shares ranges from $0.025 to $0.015.
Alvexo offers traders an educational section where you will find market overviews, trading signals, an economic calendar, a trading calculator, articles and an FAQ section. Alvexo publishes weekly video market analysis, market trends and a daily overview of global financial news. You can also connect to webinars with other traders and get the latest market trends.
The type of account you choose will determine your trading conditions and the time during which the services are available to you. All instruments are available through four accounts that allow investments to be made in accordance with the requirements and components of each one. Let’s take a look at each of them:
- Classic – starts at 500 euros. After depositing this minimum amount, traders will have access to some trading instruments, including currency pairs, cryptocurrencies, indices and commodities. In this case, the size of spreads will be 2.9 pips;
- Gold – starts at 10,000 euros. Almost no changes will occur among the available trading instruments. Although the size of the spreads will confidently fix at the level of 2.2 pips;
- Prime – starts at 50,000 euros. All currency pairs, indices, cryptocurrencies and commodities are still available to traders. In addition, the size of the spreads will change from 2.2 to 1.8 pips;
- Elite – starts with any amount. This trading account allows the trader to use any available trading instruments. Here spreads are zero, and this includes trading of American and European stocks.
Alvexo allows traders to make deposits using credit cards such as American Express, VISA and MasterCard, and also provides a selection of e-wallets. Deposits made using cards or e-wallets are generally quickly credited to your account, while deposits made via bank exchange can appear within four days. You can open a trading account with Alvexo in USD and EUR currencies. Alvexo withdraws funds using the same method that was used to deposit funds into the trading account (Money Laundering Policy).
All traders who currently have an account with Alvexo receive continuous 24/7 customer support via email, fax and telephone at various locations. Alvexo offers multilingual customer support by telephone in the UK, Sweden, Cyprus, South Africa, Spain, France, Romania and Italy. The company offers multilingual support with agents ready to answer questions and resolve any issues.
The broker’s support team offers clients multilingual phone and email support with an extensive educational section aimed at both novice and more experienced traders. The range of trading instruments covers the most traded markets as well as cryptocurrency trading. In addition, they provide a variety of training materials to improve your trading knowledge, and their customer support staffs respond quickly, courteously and promptly to your inquiries. Alvexo uses standard security measures applied by other online financial brokers. Overall, this broker is suitable for traders of all skill levels and who have a minimum initial deposit of $500.
Alvexo™ FAQ on the broker
1 Is Alvexo™ a regulated broker?
Yes, Alvexo™ is regulated by CySEC, FSA in Seychelles and others.
2 What trading platforms does Alvexo™ offer?
Alvexo™ offers the full suite of MT4, Web, Mobile.
3 What is Alvexo™ maximum leverage?
Maximum leverage at Alvexo™ is 1:300.
4 What methods can I use to deposit and withdraw funds on Alvexo™?
Deposits and withdrawals with this broker can be done using these methods: Wire Transfer, Credit Card, Debit Card, WebMoney, CashU, American Express.
5 What is the spread of the Alvexo™ broker?
The spread for this broker is on average Alvexo™ is 0.1 - 10.0 pips.
6 What’s the minimum deposit to open a Live account at Alvexo™?
The minimum deposit to open a Live account is 500 USD.
7 What cryptocurrencies are available at Alvexo™?
In this broker are the following cryptocurrencies for trading: BTC/USD, ETH/USD, XRP/USD, LTC/USD, DASH/USD.
8 In what currency can I open an account with Alvexo™?
With this brokers you can open an account in currencies: USD, EUR.
9 What Trading Instruments are available at Alvexo™?
On Alvexo™, you can trade financial instruments such as: Forex, Commodities, Cryptocurrency, Stocks, Indices, Metals, Energies, Bonds, CFDs.