Alvexo Review 2022

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Alvexo is a CySEC-regulated MT4 forex & CFD broker.

InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit500 EUR/USD
Payment Methods
Min. Trade0.01 lots
Regulated ByCySEC, FSA
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountYes
Guaranteed Stop LossNo
Commodities
  • Gold
CFD TradingLeveraged CFD trading is available on currencies, stocks, indices & commodities.
CFD FTSE SpreadFrom 0.9
CFD GBPUSD SpreadFrom 0.6
CFD Oil SpreadFrom 0.01
CFD Stocks SpreadVariable
CFD Leverage1:300
Forex TradingTrade on close to 60 forex pairs with low spreads & leverage.
Forex GBPUSD SpreadFrom 0.6
Forex EURUSD SpreadFrom 0.4
Forex EURGBP SpreadFrom 0.5
Forex Assets58
Crypto TradingTrade cryptocurrencies against the US Dollar & Euro.
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • DASH
  • ETH
  • LTC
  • XMR
  • XRP
Risk Warning – Your capital is at risk

Alvexo is an online forex broker offering a range of tradable assets, multiple accounts, and varied educational resources. Here we’ll explore the broker’s trading platform, mobile app, signals offering, and more. Read this review to find out whether Alvexo is right for you.

Alvexo Company Overview

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 registered with the Cyprus Securities & Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.

Trading Platforms

Alvexo offers two trading platforms – MetaTrader 4 and a web-based alternative. The downloadable MT4 platform is widely used amongst financial traders and is suitable for clients of all experience levels.

Features include:

Alvexo MT4 trading platform
Alvexo MT4 trading platform

Alvexo also offers an award-winning WebTrader platform with no download required. The web-based option is available on any device with an internet browser while the interface is user-friendly and easy to navigate.

Assets

Alvexo clients can trade in multiple financial markets:

Note only ECN VIP account holders can trade on European and US stocks.

Spreads & Fees

Spreads vary according to the account, however, they are competitive. The EUR/USD spread starts at 3.3 pips for Classic account holders and drops as low as 0.4 pips with the ECN VIP option. Spreads on major indices such as the FTSE 100 start at 3.53 points for Classic accounts and 0.88 points for ECN VIP accounts.

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

Leverage for those trading in Europe is capped at 1:30. Clients operating under FSA regulations can utilise higher leverage, up to 1:300. Leverage should be utilised only when traders understand the risks involved.

Mobile Apps

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:

Alvexo mobile app
Alvexo mobile app

Payment Methods

Clients can finance trading using credit cards, those accepted include VISA, MasterCard, American Express, and debit cards (VISA Electron, Maestro, CASH-U, V-Pay), electronic wallets (QIWI wallet), or wire transfer.

The minimum deposit is specific to the type of account held. For a Classic account, the requirement is $500, for a Gold or ECN account it’s $2,500, and for a Prime account, it’s $10,000. 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.

Demo Account

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

Alvexo offers a refer a friend promotional offer that awards users a $300 trading bonus upon the opening of a Classic account. Periodically, the broker also offers a first deposit bonus, the size of the which depends on the amount deposited. 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). Alvexo’s global operation is operated by HSN Capital Group Limited and regulated by the Financial Services Authority of Seychelles (FSA).

Both jurisdictions offer negative balance protection but leverage rates and fund protection schemes vary.

Additional Features

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.

Account Types

Alvexo offers five trading accounts; Classic, Gold, Prime, ECN Gold, and ECN VIP. The spread, leverage, minimum deal size and tradeable assets are specific to the account held. A Classic account offers spreads from 3.3 pips, leverage up to 1:30, and a minimum deal size of 0.01 lots. An ECN VIP account offers spreads starting from zero pips, leverage up to 1:300 (professional clients only), a minimum deal size of 0.25 lots, and a broader range of tradeable assets, including European and US stocks.

Benefits

If you take Alvexo vs the likes of eToro, FXTM, and Degiro, the broker performs well in the following areas:

Drawbacks

Alvexo could also improve its offering:

Trading Hours

Clients can access trading platforms 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

Customer support is easily accessed via the live chat function, located in the bottom right of the screen. Alternatively, the contact telephone number is +35725030482. The broker’s customer service team is friendly, helpful, and responds quickly to queries.

User Security

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.

Alvexo Verdict

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.

Accepted Countries

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.

Compare Alvexo

Compare Alvexo with similar brokers that accept traders from your location. Among available brokers these are the most similar to Alvexo:

  1. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

Alvexo Comparison Table

Compare Alvexo With Similar Brokers
Alvexo AAAFx InstaForex IG Group Forex.com
Rating 4.4 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit 500 EUR/USD $10 €200 to €50,000 (depending on account type) £250 $100
Minimum Trade 0.01 lots 0.01 lots 0.01 Lots 0.1 lots $1
Regulators CySEC, FSA HCMC (Greece), FSCA (South Africa) CySEC FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus 100% Deposit Bonus available for Global clients No
Education No No No Yes Yes
Platforms MT4 MT4, MT5 MT4, MT5 MT4 MT4
Leverage 1:300 1:30 EU, 1:500 Global 1:30 for retail clients, 1:500 for professional 1:30 1:200
Payment Methods 5 8 10 6 8
Detailed Comparison Alvexo vs AAAFx Alvexo vs InstaForex Alvexo vs IG Group Alvexo vs Forex.com
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Review Alvexo
Review
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InstaForex
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IG Group
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Forex.com
Review

Compare Trading Instruments

Compare Alvexo Trading Instruments
Alvexo AAAFx InstaForex IG Group Forex.com
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No No Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No No Yes No
Silver No No Yes Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures No No No Yes Yes
Options No No No Yes Yes
ETFs No No Yes Yes No
Bonds No No No Yes No
Warrants No No No No No
Spreadbetting No No No Yes No
Volatility Index No No No Yes No

Alvexo vs Other Brokers

Compare Alvexo with any other broker by selecting the other broker below.

Alvexo vs

FAQ

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 info@alvexo.com. The customer support team will then process the request.

Alvexo is a CySEC-regulated MT4 forex & CFD broker.