Alvexo Review 2023


2 / 5
Alvexo is #109 in our CFD broker rankings.

Alvexo will appeal to traders looking to speculate on popular financial markets through an easy-to-use web-based platform and mobile app.

- Daytrading Review Team

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.


Trusted

Demo Account

Trade Signals

Islamic Account
$500
Own
CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs
-
EUR
PayPal, Debit Card, Credit Card, Apple Pay, Google Wallet
and 2 more
Forex Trading

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.

Stock Trading

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.

CFD Trading

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.

✓ Pros

  • 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

✗ Cons

  • 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.

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 regulated by the Cyprus Securities & Exchange Commission (CySEC).

Trading Platform

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.

Features include:

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

Assets

Alvexo clients can trade in multiple financial markets:

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

Leverage for those trading in Europe is capped at 1:30.

Leverage should be utilised only when traders understand the risks involved.

Payment Methods

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.

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

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.

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 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.

Trading Hours

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

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.

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

Alvexo Details

Minimum Trade 0.01 Lots
Regulated By CySEC
Account Types
  • ECN
Islamic Account Yes
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index No
Spot Trading No
Perpetual Swaps No
ELWs No
REITs No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Social Trading No
Trade Signals Yes
Guaranteed Stop Loss No
Commodities
  • Gold
  • Natural Gas

CFD Trading Details

FTSE Spread From 2.9 (Standard Account)
GBPUSD Spread From 2.9 (Standard Account)
Oil Spread From 2.9 (Standard Account)
Stocks Spread Variable
Leverage 1:30

Forex Trading Details

GBPUSD Spread From 2.9 (Standard Account)
EURUSD Spread From 2.9 (Standard Account)
EURGBP Spread From 2.9 (Standard Account)
Assets 50+

Top 3 Alternatives to Alvexo

Compare Alvexo with the top 3 similar brokers that accept traders from your location.

  1. 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
  2. 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
  3. 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

Compare Alvexo With Similar Brokers
Alvexo IG Group Just2Trade Kwakol Markets
Rating 2 4.4 3.5 4.5
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
Demo Account Yes Yes Yes Yes
Minimum Deposit $500 $0 $100 $1
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
Education No Yes No No
Platforms Own MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5, AutoChartist
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 7 6 20 4
Visit Visit Visit Visit
Review IG Group
Review
Just2Trade
Review
Kwakol Markets
Review

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.

Compare Alvexo Trading Instruments
Alvexo IG Group Just2Trade Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver No Yes Yes Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds Yes Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

Alvexo vs Other Brokers

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

 

Customer Reviews

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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.

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.