Alvexo Review 2024


2 / 5
Alvexo is #108 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.

$500
Own
CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs
-
EUR
PayPal, Debit Card, Credit Card, Apple Pay, Google Wallet, Visa, Mastercard

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.

Top 3 Alternatives to Alvexo

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

  1. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  2. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  3. Swissquote – Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
    Go to Swissquote

Alvexo Comparison Table

Compare Alvexo With Similar Brokers
Alvexo AvaTrade IG Swissquote
Rating 2 4.9 4.4 4
Markets CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo Account Yes Yes Yes Yes
Minimum Deposit $500 $0 $1000
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators CySEC ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA FCA, FINMA, DFSA, SFC
Bonus
Education No Yes Yes No
Platforms Own WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, AutoChartist, TradingCentral
Leverage 1:30 1:30 (Retail) 1:400 (Pro) 1:30 (Retail), 1:250 (Pro) 1:30
Payment Methods 7 13 6 5
Visit Visit Visit Visit Visit
Review AvaTrade
Review
IG
Review
Swissquote
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 AvaTrade IG Swissquote
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 Yes No
Silver No Yes Yes Yes
Corn No Yes No No
Crypto No Yes Yes Yes
Futures No Yes Yes Yes
Options No Yes Yes Yes
ETFs No Yes Yes Yes
Bonds Yes Yes Yes Yes
Warrants No No Yes No
Spreadbetting No Yes Yes No
Volatility Index No Yes Yes No

Alvexo vs Other Brokers

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

 

Customer Reviews

  5 / 5

This average customer rating is based on 1 Alvexo customer reviews submitted by our visitors.

If you have traded with Alvexo we would really like to know about your experience - please submit your own review. Thank you.

  5

Alvexo one of the trusted CFD which we are very close since 2 years and nothing wrong and we tried so many trading company all of they are best.

✍ purna gurung | 🌐 United Arab Emirates | February 13, 2024

Submit Your Own Review of Alvexo

If you have experience trading with Alvexo please share your personal review of the broker and what you think are strong and weak points. Thank you.

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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.