Alvexo Review 2023

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Our Rating

2.5
/ 5

Alvexo is #115 in our CFD broker rankings.

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

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Regulated

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Demo Account

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MetaTrader 4

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Trade Signals

Minimum Deposit 500 EUR/USD

Trading Platforms MT4

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies

Bonus Offer -

Account Currencies

Payment Options Neteller, Skrill, Visa, American Express, Maestro

All Alvexo Details

Compare Alvexo

Forex Trading

Trade on close to 60 forex pairs with low spreads & leverage.

Stocks Trading

Trade shares in leading international companies at Alvexo.

CFD Trading

Leveraged CFD trading is available on currencies, stocks, indices & commodities.

Crypto Trading

Trade cryptocurrencies against the US Dollar & Euro.

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:

• 30 technical indicators & 9 timeframes
• Graph & chart tracking
• Customisation tools
• Multiple order types
• Instant execution
• real-time alerts
• Market signals

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:

• Forex – 58+ 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
• Cryptocurrencies – Trade on Bitcoin, Litecoin, Dash and Ethereum

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:

• Daily signals
• Charting suites
• Real-time alerts
• Risk management tools

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:

• Broad range of assets & markets
• CySEC & FSA regulated
• Tiered account options
• Competitive spreads

Drawbacks

Alvexo could also improve its offering:

• No MetaTrader 5 platform available
• Not available to clients from the US
• Some bad customer reviews
• High minimum deposit

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.

Payment Methods

• Neteller
• Skrill
• Visa
• American Express
• Maestro

Alvexo Details

CFD Trading Details

Forex Trading Details

Cryptocurrency Trading Details

Compare Alvexo

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

1. OANDA – OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus
   Go to OANDA
2. 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.
   Go to Forex.com
3. Webull – Webull offers a popular online stock trading app with low fees and generous bonuses.
   Go to Webull

Alvexo Comparison Table

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 vs Other Brokers

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FAQ

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