Alvexo is a brokerage firm founded in 2014, and it is a brand of VPR Safe Financial Group Limited, a Cyprus Investment Firm. Alvexo is regulated by CySEC with license number 236/14. It offers a combination of technology, education, and service to improve trading strategy, as well as essential tools to help traders make informed and fast trading decisions. The broker’s main focus is on long-term trading satisfaction.
Alvexo Pros & Cons
Pros:
- Regulated by CySEC, providing traders with a high level of safety and security.
- Wide range of trading instruments including Forex, CFDs, and cryptocurrencies.
- Multiple account types to choose from, including Islamic accounts.
- Free educational resources available to improve trading skills.
- Excellent customer support with a dedicated account manager assigned to each trader.
Cons:
- Limited payment options, with no support for popular e-wallets like PayPal or Skrill.
- Limited leverage options, with a maximum leverage of 1:30.
- No support for traders from the United States.
- Limited trading platform options, as the broker only offers the MetaTrader 4 platform.
- High minimum deposit requirements for some account types.
Account Options
- Broker Type: ECN
- Minimum Deposit: 500
- Forex Majors Spread: EUR/USD: 0.3, GBP/USD: 1.1, USD/JPY: 0.2
- Maximum Forex Leverage: 300:1
- Scalping: No
- Hedging: Yes
- Free Demo Account: Yes
- Traders From USA: No
Accounts types
Alvexo offers 4 different account types to match every client’s budget and needs:
- Classic Account: This account is suitable for beginners and requires a minimum deposit of $500. It offers fixed spreads starting from 3.3 pips and leverage up to 300:1.
- Gold Account: This account is designed for more experienced traders and requires a minimum deposit of $5,000. It offers lower fixed spreads starting from 2.2 pips and higher leverage up to 400:1.
- ECN Account: This account is for professional traders and requires a minimum deposit of $10,000. It offers variable spreads starting from 0.1 pips and the highest leverage up to 500:1.
- Islamic Account: This account type is available for clients who follow the Islamic faith and comply with Sharia law. It offers the same features as the Classic account but without the addition of swap fees.
Top Alvexo Features
- Multiple Account Types: Alvexo offers four different account types to cater to the budget and needs of every client.
- Training and Resources: Alvexo provides a dedicated selection of eBooks, articles, tutorials, and weekly webinars to empower clients to improve their trading skills.
- Trading Platforms: Alvexo offers a suite of three trading platforms, including Alvexo web trader, MetaTrader 4, and a mobile app, providing access to over 450 global assets.
- Alvexo+ is a gateway to Alvexo’s services and tools, including daily news, an academy, webinars, financial web TV, an economic calendar, a blog, a profit and margin calculator, and trading signals.
- Regulation and Security: Alvexo is a regulated broker, and client funds are held in segregated accounts to ensure maximum security.
- Customer Support: Alvexo offers 24/5 customer support via phone, email, and live chat, ensuring that clients can get assistance when they need it.
- Range of Markets: Alvexo provides access to a broad range of markets, including forex, commodities, indices, and stocks.
- Advanced Charting Tools: Alvexo offers advanced charting tools that enable traders to analyze the markets and make informed trading decisions.
Regulation and Security
Alvexo is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a respected financial regulatory body in the European Union. CySEC applies strict regulations and standards to all companies under its supervision, including Alvexo. This means that Alvexo operates under strict guidelines and is required to follow stringent rules and regulations to ensure the protection of its clients.
Alvexo also implements advanced security measures to protect its clients’ funds and personal information. The broker uses SSL encryption technology to ensure that all client data is secure and protected from unauthorized access. Additionally, Alvexo holds clients’ funds in segregated accounts, which means that client funds are kept separate from the broker’s operating funds. This ensures that clients’ funds are protected in the event of financial difficulties or bankruptcy.
Conclusion on Alvexo
Alvexo is a regulated and secure broker that offers a wide range of trading and investment tools for traders of all levels. Their multiple account types, educational resources, and suite of trading platforms make them a strong choice for both beginner and experienced traders. However, the lack of scalping and the higher minimum deposit required for ECN accounts may not suit every trader’s needs. Overall, Alvexo’s commitment to providing excellent customer service and technological innovation makes them a reputable and reliable broker in the industry.
Alvexo is my preferred broker because it offers optimal trading tools and coverage for a broad range of markets. Trading software is also ok but could get better, in my opinion.
So far, so good. I have all of the instruments that I trade on a normal basis, and I also have many tools that I take advantage to increase my possibilities.
Alvexo is my preferred broker because it offers optimal trading tools and coverage for a broad range of markets. Trading software is also ok but could get better, in my opinion.
OK, so 4 months of trading indices and shares with this broker and here are my conclusions.
Pros:
Reliability and fairness.
The platform is user friendly and works well,
Lots of assets to choose from.
Cons:
Instrument selection can be wider.
Withdrawal speed should be faster.
Too long wait times for customer service in rush hours.