Alvexo Review 2023
- DayTrading Review Team
Alvexo will appeal to traders looking to speculate on popular financial markets through an easy-to-use web-based platform and mobile app.
Alvexo is a CySEC-regulated forex and CFD broker. Clients can trade currencies, commodities, indices and more with up to 1:30 leverage. The user-friendly web platform and mobile app offer intuitive charting and analysis tools, while the choice of account types will suit different trading styles and budgets.
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Trade dozens of forex pairs on the broker's in-house trading platform and mobile app. There is access to majors, minors and exotics with different pricing depending on your account type.
Trade shares in leading international companies at Alvexo. These include AirBnb, Apple and AXA. On the downside, the number of equities is lower than many alternatives.
Trade leveraged CFDs on popular asset classes, including stocks, indices and commodities. You can go long or short on key financial assets with leverage in line with regulatory requirements.
- Tiered account options for beginners through to experienced traders
- Broad range of assets and markets including forex and stocks
- ECN pricing with tight spreads on premium accounts
- CySEC oversight improves the broker's trust rating
- Intuitive web platform
- No MetaTrader 4 platform available
- Not available to clients from the US
- Some bad customer reviews
- High minimum deposit
Alvexo is an online forex broker offering a range of tradable assets, multiple accounts, and varied educational resources. In this review, we will evaluate the broker’s trading platform, mobile app, signals offering, and more. Find out whether Alvexo is trustworthy and right for you.
Alvexo was founded in 2014 and is owned by VPR Safe Financial Group Ltd. Its headquarters are in Limassol, Cyprus, but the company also has an office in Paris.
Alvexo boasts over 450 tradeable instruments and has thousands of clients worldwide, from France to Singapore and the UAE. The broker is the official partner of Norwich City FC.
Alvexo is regulated by the Cyprus Securities & Exchange Commission (CySEC).
Alvexo offers an award-winning web trader platform with no download required. The web-based solution is available on any device with an internet browser while the interface is user-friendly and easy to navigate.
- Technical indicators & multiple timeframes
- Graph & chart tracking
- Customization tools
- Multiple order types
- Instant execution
- Real-time alerts
- Market signals
Alvexo offers a mobile app to facilitate on-the-go trading. The iOS and Android apps are available to download free of charge from the App Store or the Google PlayStore.
Once you have your member login details, you can trade commodities, indices, forex, and cryptocurrency.
The app generally receives positive customer reviews and features include:
- Daily signals
- Charting suites
- Real-time alerts
- Risk management tools
Alvexo clients can trade in multiple financial markets:
- Forex – 50+ currency pairs including GBP/USD and EUR/GBP
- Indices – Trade on the world’s leading indices including the FTSE and DAX
- Shares – Major shares available from a host of international companies such as Alibaba, IBM and Netflix
- Commodities – Trade Brent Oil, Copper and Natural Gas
Spreads & Fees
Spreads vary according to the account, however, they are competitive. The EUR/USD spread starts at 2.9 pips for Classic account holders and drops as low as 0.1 pips with the Elite option.
Classic, Gold and Prime members enjoy a commission-free structure. Other costs include an inactivity fee equal to 10 units of the base currency and swap fees on positions left overnight.
Leverage for those trading in Europe is capped at 1:30.
Leverage should be utilised only when traders understand the risks involved.
Clients can finance trading using credit cards, debit cards, PayPal, Apple Pay, Google Pay, plus popular e-wallets.
The minimum deposit is specific to the type of account held. For a Classic account, the requirement is $500, for a Gold account it’s $10,000, and for a Prime account, it’s $50,000. The broker does not charge any deposit or withdrawal fees.
Withdrawals take a minimum of 3-5 business days and wire transfers may take longer. Alvexo only enables transactions in US Dollars and Euros.
Alvexo offers a free demo of their web platform. Users will be credited with a $50,000 virtual balance. The practice simulator is a great way for traders to try new strategies and platforms in a risk-free environment.
Bonuses & Promotions
There were no bonuses at the time of testing. However, always check bonus terms and conditions before you start trading.
Regulation & Licensing
Alvexo is a legitimate broker that is safe to trade with and not a scam. Alvexo (Europe), is operated by VPR Safe Financial Group Limited and regulated by the Cyprus Securities and Exchange Commission (CySEC).
The brokerage offer negative balance protection so you cannot lose more than your account balance.
A suite of additional features is available to facilitate education and trading. Users have access to a blog, analysis tools, market news, an economic calendar, plus market signals.
There is also an academy offering tutorials, webinars, and articles to help users identify and trade the price difference.
Alvexo offers multiple trading accounts; Classic, Gold, Prime, and Elite.
The spread, minimum deal size and tradeable assets are specific to the account held. A Classic account offers spreads from 2.9 pips, leverage up to 1:30, and a minimum deal size of 0.01 lots. A Gold account offers spreads from 2.2 pips, leverage up to 1:30, and a broad range of tradeable assets, including European and US stocks.
Clients can access the trading platform 24/7. 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.
Customer support is easily accessed via telephone. The contact number is +35725030482.
The broker’s customer service team is friendly, helpful, and responds quickly to queries.
Alvexo uses the standard security measures employed by online financial brokers. Trades are secured with 256-bit RapidSSL encryption and the entire system is fire-walled. Transactions are executed by the highest PCI-Certified service providers and servers are located in SAS-70 certified data centres.
Whilst it may not be market-leading, Alvexo is a good broker offering an immersive trading experience with easy to navigate platforms, multiple assets and accounts, plus competitive spreads.
For active traders, in particular, the higher account tiers offer low trading fees and a wide range of financial instruments.
Alvexo accepts 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 can not use Alvexo from United States, Israel.
|Minimum Trade||0.01 Lots|
|Mobile Apps||iOS & Android|
|AI / Machine Learning||No|
|Negative Balance Protection||Yes|
|Guaranteed Stop Loss||No|
CFD Trading Details
|FTSE Spread||From 2.9 (Standard Account)|
|GBPUSD Spread||From 2.9 (Standard Account)|
|Oil Spread||From 2.9 (Standard Account)|
Forex Trading Details
|GBPUSD Spread||From 2.9 (Standard Account)|
|EURUSD Spread||From 2.9 (Standard Account)|
|EURGBP Spread||From 2.9 (Standard Account)|
Compare Alvexo with similar brokers that accept traders from your location. Among available brokers these are the most similar to Alvexo:
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group
Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
Go to Just2Trade
Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
Go to Kwakol Markets
Alvexo Comparison Table
|Alvexo||IG Group||Just2Trade||Kwakol Markets|
|Markets||CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs||CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting||Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds||CFDs, Forex, Stocks, Indices, Commodities, Crypto|
|Minimum Trade||0.01 Lots||0.01 Lots||0.01 Lots||0.01 Lots|
|Regulators||CySEC||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA||CySEC, NFA, FINRA, Bank of Russia||ASIC, FINTRAC|
|Bonus||–||–||Up to $2,000 for professional accounts||–|
|Platforms||Own||MT4, AutoChartist, TradingCentral||MT4, MT5, TradingCentral||MT4, MT5, AutoChartist|
|Leverage||1:30||1:30 (Retail), 1:250 (Pro)||1:20||1:1000|
Compare Trading Instruments
Compare the markets and instruments offered by Alvexo and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|Alvexo||IG Group||Just2Trade||Kwakol Markets|
Alvexo vs Other Brokers
Compare Alvexo with any other broker by selecting the other broker below.
Where is Alvexo regulated?
Alvexo is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker is also regulated by the Financial Services Authority (FSA) of Seychelles. Alvexo is a legitimate online broker and not a scam.
Does Alvexo offer a demo account?
Alvexo offers users a free demo account on their web platform. Users will receive a £50,000 virtual balance to test the broker’s trading services.
How much capital do I need to trade with this Alvexo?
The minimum deposit for a Classic account is $500. The higher account tiers require larger minimum deposits, in excess of $20,000.
Does Alvexo accept US clients?
No, Alvexo’s services are not available to citizens from the US. Clients from Israel are also unable to open a trading account.
How can I delete my Alvexo account?
To delete an account users will need to email a request form to firstname.lastname@example.org. The customer support team will then process the request.
|Alvexo is a CySEC-regulated forex and CFD broker. Clients can trade currencies, commodities, indices and more with up to 1:30 leverage. The user-friendly web platform and mobile app offer intuitive charting and analysis tools, while the choice of account types will suit different trading styles and budgets.|