Alvexo is a Cypriot broker founded and regulated in 2014 that specialises in CFDs trading via MT4 and their proprietary trading platform. As of August 3rd 2022, Alvexo’s CySec license is partially suspended making them unavailable in French territory. At Alvexo we combine a two-pronged approach that is at the forefront of technological and platform innovation to deliver what traders need most — long term trading satisfaction. Alvexo have average customer support offering support through email, phone, support options.
Account Types
Alvexo is a Cyprus based Forex trading Broker that specializes in financial markets trading with availability to trade currencies and CFDs on Indices, Cryptocurrencies and Commodities. And all that is provided with utmost level technologies and support through maintained offices in the UK, Sweden, South Africa, Spain, France, Romania and Italy. Alvexo allow traders to trade financial markets on iOS, Android supported mobile devices. Trading videos on Alvexo help new and even more experienced investors gain insights into Alvexo technical analysis tools and how the different financial markets work alvexo review when trading on Alvexo. A Alvexo trading portfolio is a traders collection of investments, which may include a variety of Alvexo financial instruments. An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions.
Alvexo Review: Table Of Contents
You can complete the verification process by following the exact same process we have outlined for the desktop platform. And once you have done that, you can make a deposit and fund your account and trade by following these steps. That said, here are the steps to opening an Alvexo trading account to access the Webtrader. Opening an account on Alvexo is the first step to trading on the Webtrader, and it is a very straightforward process involving steps we will now outline.
Alvexo also charges exchange commissions on overnight positions or positions left overnight. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews.
Mobile app
Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs. Many traders throughout the world select Alvexo due to their services that are trading. They offer trading on MT4, cTrader, Mobile Apps which allow this.
How to contact Alvexo customer service?
Provide proof of residence (utility bill or bank statement), proof of identity (passport or ID card), and proof of payment (colored copies of your debit/credit card). Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Alvexo is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Presumably, it is orders of magnitude larger than the one for the Prime account. The account also offers a minimum lot size of 0.25 lot, the best spreads from 0.1 pips, and access to all the trading instruments, including bonds, Europe and US stocks, and Cannabis stocks. The demo account features real-time spreads and $50,000 in faux funds, and clients can make use of these to access a market that’s basically a full replica of the real markets.
- Besides, the trading platform the customer selects may also impact the available trading instruments.
- Swap fees vary on every financial instrument provided by the broker.
- In order to achieve these goals, they’ve developed their policies and platforms in a revolutionary fashion.
- Alvexo caters to all types of traders and are a must-have broker for any well-diversified approach to trading.
- However, you will not be able to trade until your ID is approved.
Alvexo is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Alvexo give you access too. 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. Alvexo’s mobile app and web-based trading platform were designed keeping in mind the users’ needs and are incredibly easy to navigate and use. Moreover, their customer service team can be contacted via email, phone, and even their live chat function. Although traders have had great success with Alvexo, trading on the financial markets with Alvexo is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase.
However for ECN Account featuring raw spreads that are starting from 0 pips, but add on a commission per trade. ECN Gold account commission for EUR/USD pair is 18pt, while ECN VIP account commission for the same pair is 13 pt, and for Alvexo spreads themselves see the comparison example below. As well you may compare Alvexo fees to another popular broker Pepperstone.
- This tab displays relevant information about selected assets, including rollover rates, trading hours, spreads, leverages, etc.
- The broker is a registered Cyprus-based company and complies with financial regulations according to CySec and also holds a Cyprus license.
- As a result, the available assets have been significantly reduced from the 450+ advertised ones.
- Don’t be scared off by brokers like Alvexo charging a minimum deposit to open a trading account.
- Alvexo provides traders with a lot of tools and features which help traders have a better trading experience.
On the Prime account, a minimum deposit of €10,000 is required to receive a spread reduction of 1.8 pips. Apart from the 0.25 lot minimum, no other conditions have changed. For those who have the desire to get started in forex trading, you will be pleased to know that Alvexo has a large selection of currency pairs to trade. More than 58 pairs are included, among which there are major pairs such as EUR/USD and minor pairs such as NZD/JPY. Notably, Alvexo also offers a range of niche pairs for trading, including USD/SAR and USD/RON.
You can withdraw sums up to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don’t always have to have any money on your account. You are able to make use of an option for 2 Factor Authentications (2FA) with Alvexo for heightened safety. You will be required to input this code to log in to your accounts.
Fees and Commissions
Not having traded before, I joined Alvexo late summer of 2018 with the aim of plugging a whole in family finances. Trading has its ups and downs but with careful attention given to the trading Signals and daily markets new items, and not thinking short term, it is possible to come out with a profit. I found the Alvexo trader support to be good, but the admin procedures in managing accounts need to more visible to traders, to avoid confusion and delays. That said, if you are thinking f trying your hand with online trading, Alvexo.eu were far, far better than the first trading company I tried (and left quickly). The leverage offered allows traders to control larger positions with a relatively smaller capital investment, but it also increases the level of risk, particularly for those with limited trading experience. Multi-lingual customer support staff are on standby from Monday to Friday, 9am – 6 pm.
Cannabis stocks are available only to Elite account holders, along with access to broader equity markets including EU and US shares. There are 31% negative reviews on the Alvexo TrustPilot profile, most of which complain about withdrawal issues and poor customer support. Each type comes with different leverage options and minimum deposit requirements. The iOS and Android apps are available to download free of charge from the App Store or the Google PlayStore.
It is not the most competitive broker on spreads or fees, but the customer support, educational resources, and regular webinars help to progress and structure one’s approach. The deposit and withdrawal system at Alvexo is relatively standard, but effective. The minimum deposit of $500 CAD is higher than the market average, making it a broker geared towards motivated profiles or those with some starting capital. Withdrawals are made using the same method as the deposit, which is consistent with anti-money laundering standards. Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.