Trading platform Alvexo was established in 2014 and is currently owned and operated by VPR Safe Financial Group Ltd. The well-known brokerage firm Alvexo has its main office in Limassol, Cyprus, but it also has a location in Mahe, in the Seychelles. The Alvexo website features more than 450 tradable assets and thousands of professional traders from all around the world, including those from France, the United Arab Emirates, and Singapore. The Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (Seychelles FSA) both register and regulate the multi-asset broker (Financial Services Authority). HSN Capital Group Ltd., which is supervised by the FSA, is in charge of Alvexo’s operations on a global scale.
This review of Alvexo will cover a wide range of topics, including but not limited to the following: the platform’s advanced and additional features, the services it offers, the benefits and drawbacks of each, multiple trading platforms, market instruments, the financial instruments directive, leverage, fees, bonuses, and the partnership program.
What exactly is the Alvexo process?
The Alvexo trading platform is a website that was launched in 2014 and specializes in forex and CFD trading. When compared to the services offered by other brokers, Alvexo’s achievement of being one of the top brokers with more than 650,000 registrations stands out as a particularly remarkable achievement. CFD trading is available on the Alvexo platform, and it covers more than 450 tradable assets across 5 categories. It is vital to note that this CFD broker’s technology plays a significant part in the atmosphere in which trading takes place, and this fact deserves to be mentioned.
The online trading platform Alvexo does not offer social trading or copy trading options. In addition to its in-house WebTrade trading platform, it also provides customers with access to the industry-leading MetaTrader 4 trading platform, holds a variety of annual events, and has a robust research department with enough educational materials. Because Alvexo seeks to achieve long-term customer pleasure through FX and CFD trading, the education it provides is another element that is mentioned on the company’s website.
Alvexo User Experience
This Alvexo broker review reveals that the Alvexo platform is operated by an investment company based in Cyprus. On the whole, Alvexo boasts one of the most user-friendly interfaces, especially for newcomers, of any platform. In contrast to the majority of the leading forex brokers now operating in the industry, Alvexo offers a feature known as the Account Generator. This tool guides customers through the process of selecting the type of account they would like to have. It prompts customers to provide certain data, like their risk tolerance, investment style, experience level, skill set, and financial goals, among other things. The broker will provide recommendations on account kinds that are most suitable for the investors based on the answers they provide, and they will also suggest the quantity of investments made; as a result, the chances of safe trading will increase.
Although more experienced traders won’t find this feature necessary or helpful, it’s a great resource for those just starting out in the trading world. According to one review of Alvexo, this function is exceptionally helpful because it walks new traders through the process of setting up a trading account in a manner that is sequential and step-by-step.
For each new trading account, a customer service professional will give a call, during which they will address any questions or concerns the client may have and walk them through the steps necessary to fully activate their Alvexo account. Instead of recommending that inexperienced clients begin trading as soon as possible, the purpose of this callback is to help strengthen the clients’ skills in order to better handle with inexperienced clients.
A demo account is available through Alvexo and gives users access to a selection of the company’s products. However, only those investors and other traders who complete the second registration process will have access to the full set of products. In the second phase, you will need to fill out some forms and make a minimum deposit of cash.
Characteristics of the Alvexo
Protection against a Negative Balance
The Alvexo corporation has a number of interesting characteristics, one of which is known as negative balance protection. Because of this feature, the customers may rest assured that they will never lose more money than they first invested with this business.
Leverage
Trading on European Alvexo is limited to a leverage of 30:1, whereas users who abide by the standards set forth by the Financial Services Authority are permitted to take advantage of a high level of leverage that is restricted at 300:1. It is important to keep in mind that customers can only make use of leverage if they are fully aware of the dangers associated with trading forex and CFDs.
Assistance to Customers
Monday through Friday, from 9 a.m. to 6 p.m., the multilingual customer care team for Alvexo is here to assist you. In addition, users can contact the customer service staff by sending an email or giving a call to the help line. The official website for Alvexo does not offer a live chat feature of any kind.
Regulations
Alvexo is a genuine broker. The trading of CFDs and forex on this fantastic platform is risk-free and entirely secure. VPR Safe Financial Group Limited is the owner of The Brokers and the company that runs it. The Cyprus Securities and Exchange Commission is the governing body for the company’s provision of financial services (CySEC). HSN Capital Group Ltd. is responsible for Alvexo’s global operations and is regulated by the Seychelles Financial Service Authority (FSA). Both arms offer protection against negative balances; nevertheless, the fund protection mechanisms and leverage rates are considerably distinct between the two.
Awards
Although Alvexo offers clients access to a diverse selection of financial markets and trading platforms that have been recognized for excellence, the brokerage firm has not yet been honored with any accolades.
Clients
More than 450 different financial instruments are available through Alvexo Brokers, which has thousands of registered traders from countries all over the world, including the United Arab Emirates, Singapore, and France.
The Types of Services Provided by Alvexo
The provision of an all-encompassing trading experience with more than 450 assets, including foreign exchange, equities, indices, commodities, and cryptocurrencies, is one of the investment services offered by Alvexo. Alvexo places a high priority on maintaining compliance with the various industry standards in order to safeguard the cash of its customers.
On any of its popular trading platforms or mobile app, Alvexo enables customers to achieve speedier access to global financial markets by utilizing cutting-edge technology. All of the different editions come equipped with the same sophisticated analytic tools that have full functionality.
The services offered by Alvexo are unparalleled in their ability to deliver an extensive range of daily free signals, market signals, webinars, analysis, market news, and e-books to traders in order to fulfill their requirements and empower them to make intelligent and well-informed choices in the international financial markets.
Is Alvexo Subject to Regulation?
VPR Safe Financial Group Ltd., a company based in Cyprus that specializes in investments, is the entity that runs and owns Alvexo Brokers. The company’s registration number is HE 322134. The Cyprus Securities and Exchange Commission (CySEC) issues licenses, and one of such licenses is number 236/14.
Evaluation of Alvexo: The Good and the Bad
Pros
Advantages of trading signals, trading strategies, and daily market analysis Advantages of extensive educational materials for both beginning and advanced traders Wide range of financial instruments and markets Competitive spreads and tiered account options Regulated by the Cyprus CySEC and the Seychelles FSA Wide range of financial instruments and markets Wide range of financial instruments and markets Wide range of financial instruments and markets
Cons
You do not provide an expert advisor, and there is no MT5 trading platform available to use.
• High minimum deposit requirements.
• There is no charting package available.
Different Trading Platforms Offered by Alvexo
Alvexo MetaTrader 4 Platform
The MetaTrader 4 trading platform is Alvexo’s most popular and award-winning trading platform, making it one of the several trading platforms the company provides for its customers. It is most typically used by financial traders to trade CFDs and FX, and it comes with a downloaded option. Because it is ideal for both basic and complex trading tactics, MT4 is an excellent choice for traders of all levels of experience. The following capabilities are included as part of the Alvexo MT 4 platform: – Tracking of charts and graphs; nine different timeframes; thirty different technical indicators; options for customization; a variety of order types
• Notifications in real time
• Immediate implementation
• Signals from the market
The majority of traders today lean toward using MetaTrader 4, which is widely recognized as one of the platforms with the highest level of credibility and esteem. It is a highly reliable and feature-rich trading platform, with functionality that is friendly to novice customers and functionality that is sophisticated to meet the needs of more experienced market participants.
The platform is a trading platform that is feature-rich and very resilient. It offers functionality that is friendly to beginner traders, but it also has sufficient advanced capability to fulfill the needs of more experienced market participants.
Alvexo Web Trader
The Web Trader platform, which is another award-winning and popular trading platform provided by Alvexo, does not require users to download any software. It is a web platform that provides a consistent internet connection on all modern mobile devices. The user interface is intuitive and simple to navigate, making it ideal for novices. It offers a straightforward and appealing interface, as well as cutting-edge capabilities that assist traders in reacting promptly to changes in market conditions.
The built-in trading tools provide a more robust trading experience and are compatible with a variety of devices. Traders will be able to manage investment portfolios, do technical analysis, and set necessarily real-time price alerts thanks to the program, which is designed to enhance the existing MetaTrader 4 platform.
Smartphone Trading with Alvexo Alvexo also provides traders with a mobile app for mobile trading, which allows traders to trade CFDs and currencies while they are on the go. The mobile applications for both Android and iOS can be obtained at no cost from the Google Play Store or the Apple App Store, respectively. When an Alvexo trader has the information necessary to log in as a member, he is able to trade on the mobile platforms for commodities, forex, CFDs, indices, shares, and cryptocurrencies. The majority of users on Alvexo give positive evaluations to mobile apps, and these apps typically have the following functions: –
• Notifications in real time
• A charting suite
• The daily indications
• Risk management
Instruments for the Market Conducted by Alvexo
When using the Alvexo website, customers have the opportunity to trade in the following financial markets:
• Foreign Exchange (Forex) — Alvexo provides access to over 58 currency pairs that are among the most actively traded in the world, including EUR/USD, GBP/USD, and EUR/GBP.
• Indices – CFD indices trading is another product offered by Alvexo. This includes trading on the DAX and the FTSE.
• Shares – Alvexo gives users the option to buy, sell, and trade equities from major stock exchanges in Europe and the United States, including the NASDAQ, the NYSE, the London Stock Exchange, and a great number of others. Traders have access to thousands of different companies to choose from, as well as a comprehensive trading suite from which they may select the platform to serve as their entry point into the financial markets.
• Commodities – The multi-asset trading platform Alvexo also offers trading in commodities, such as Brent oil, natural gas, copper, and a great number of other tradable assets.
• Cryptocurrencies Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Dash are some of the cryptocurrencies that are included in cryptocurrency CFD trading.
Variety of Financial Market Instruments
The MetaTrader 4 platform, the Alvexo proprietary platform, the Alvexo Web Trader, and the Alvexo mobile app each offer a unique selection of assets. The broker provides access to approximately 450 different financial assets, all of which can be placed into one of the following categories: –
• Forex, which offers more than 58 currency pairs, including EUR/GBP, EUR/USD, and GBP/USD, among others
• Indexes: Customers have the ability to trade on the most important indices in the world, including the DAX and the FTSE.
• Shares – Primary shares made available from a consortium of multinational corporations including Alibaba, Netflix, and IBM
• Copper, Trade Brent Oil, and Natural Gas Make Up the Commodities Market.
• Cryptocurrencies – Trade on major cryptocurrencies such as Bitcoin, Dash, Litecoin, and Ethereum among others.
Be aware that in order to trade on US and European equities, you must first have an ECN account and then upgrade to an ECN VIP account.
Traders should exercise extreme caution whenever they engage in online trading on any instruments because it is easier to avoid problems than to fix them.
The Procedure for Opening an Alvexo Account
The process of opening an account with Alvexo is one that is uncomplicated and uncomplicated. The opening of any account can be accomplished by the submission of an online application, which is the accepted practice in the brokerage sector. Entering information such as a name, email address, and a password that is unique to the account, as well as submitting identification documents and making a small deposit if necessary by the website, is part of the process of quickly filling out a form. The minimum amount that a trader is required to deposit into their account is determined on the type of trading account they select.
A standard KYC ID check necessitates the presentation of certain crucial pieces of documentation in order to demonstrate the new user’s identification. The Know Your Customer regulation is a regular procedure that Alvexo utilizes in order to offer its customers a risk-free and protected financial environment.
After the new user has provided the bank office with all of the required information and papers, the bank office will then verify them in accordance with the regulatory standards. The required forms of identification are a photocopy of a valid government-issued ID and an address verification document. Before beginning trading with the Alvexo trading assets or making deposits or withdrawals from the broker, new users have the option of opening a free demo account through which they can gain more experience and become more familiar with the features and functionality of Alvexo forex trades. This can be done before they begin trading with the Alvexo trading assets.
Account Categories Available with Alvexo
One of the sorts of accounts that may be opened with Alvexo is a free demo account. Within this account, traders have the equivalent of £50,000 in virtual currency. In order to provide traders with a risk-free environment in which to test out new trading strategies and the various trading platforms, a practice simulator has been developed. This simulator functions as an effective way for traders to experiment with new trading tactics. Five different accounts are provided by Alvexo, each of which has trading criteria that are not ideal.
Among the five different types of accounts that Alvexo provides, the most common ones are the Classic, Gold, Prime, and Elite accounts. The company also provides a demo account. The spreads on the Classic accounts are broader and start at 3.3 pips, whereas the spreads on the Elite accounts start at 01. pips and are tighter overall. Trading in FX, indices, commodities, and cryptocurrencies are all available to traders with any of the accounts; however, Prime and Elite account holders have access to an extra financial instrument or asset known as bonds.
The ECN account, both the ECN VIP account and the ECN Gold account, is extremely popular among retail investor accounts out of all the many types of accounts that the Alvexo platform has to offer. A minimum deposit of €10,000 is required, which is considered to be extremely excessive. The ECN Gold account does not permit trading in equity CFDs, and the minimum lot size has been increased to 0.05 lots from 0.01 lots.
The minimum deposit required for Prime accounts is significantly greater at €50,000, and these accounts also come with significantly narrower spreads and additional complicated CFD instruments. The only account that provides access to all of the instruments is the ECN VIP account, also known as the Elite account. However, the minimum deposit can vary, and the brokers advise their customers to get in touch with the Alvexo team in order to find out more information about it.
Alvexo Leverage & Margin Requirements
When using the trading assets available at Alvexo, traders have the ability to make use of a powerful feature provided by the platform known as leverage. This instrument has the potential to improve traders’ profits by permitting the initial account amount to be multiplied. Because high leverage puts an investor’s capital at risk, it is critical to check that the traders have a solid understanding of how to make effective use of leveraged goods and instruments.
The amount of leverage an Alvexo account can have is determined by the underlying financial asset, the trader’s comfort level with risk, and any applicable regulatory constraints. Take, for instance, the case of a trader conducting business with the European Alvexo firm, which is subject to the oversight of CySEC. If this is the case, he has the option of using a lesser leverage, which is capped at 30:1 for major currency pairs such as EUR/USD, 20:1 for minor currencies, and 10:1 for commodities trading.
There is a possibility that the Seychelles location will provide an even larger leverage of up to 400:1 for a select number of major FX currencies. It is important to note that the leverage levels offered by Alvexo brokers come with a considerable danger of incurring substantial losses; as a result, dealing in currencies and FX should be done with a comprehensive understanding of how market trends work.
• 30:1 major currencies (European residents only).
• 10:1 for all tradable goods (European residents only).
• 20:1 minor currencies ( (European residents only).
• 400:1 for major currencies (Seychelles residents only).
Alvexo Fees
The fees charged by Alvexo are reasonable. The organization does not charge any fees whatsoever for making deposits or withdrawals; nevertheless, it does make money off of commissions and spreads across all of the assets that are offered for trading. When compared to the fees charged by other brokers operating in the forex sector, Alvexo’s costs are relatively expensive. Commission fees for trading contracts for difference (CFDs) on equities can range anywhere from $0.015 to $0.025 per share, however the costs for trading CFDs on other assets can go as high as $50 per lot.
The broker is a market maker who generates additional profits from the losses of its traders by serving as a counterparty to the open positions. These additional earnings are made from the spread between the two prices. Spreads may change depending on the type of account you have, but be assured that they are very competitive. Spreads begin at 2.9 pips for Classic account holders and can go as low as 0.1 pips for Elite account members. Spreads on indices such as the FTSE 100 begin at 0.88 pips for Elite accounts and 3.5 pips for Classic accounts.
All Classic, Prime, and Gold members of the website have access to a trading structure that does not incur any commission fees. There is also the possibility of imposing an inactivity fee of 10 units of the currency being used as the foundation. Additionally, overnight positions or positions that are left open overnight are subject to Alvexo’s swap costs.
Deposit and Withdrawal Options Available with Alvexo
Deposit Options
When traders are ready to transition from the demo account to the live trading account, Alvexo provides them with a number of different payment methods to choose from. Debit cards, credit cards, bank transfers, and other forms of electronic payment are all included in the list of possible means of funding.
The following are the several funding options that traders can use to finance their trading accounts:
• Debit and credit cards (Visa, American Express, MasterCard)
• Debit cards (Visa Electron, Cash-U, Maestro, V-Pay)
• Transfers made via bank or wire
• Wallets made of electronic media (QIWI wallets)
Choices Regarding Withdrawal
The same ways that traders use to deposit monies into their Alvexo brokerage accounts can also be used to withdraw those funds. The following methods can be used to withdraw funds from your account: credit cards (Visa, American Express, and MasterCard); debit cards (Visa Electron, Cash-U, Maestro, and V-Pay); wire transfers; and bank transfers.
• Wallets made of electronic media (QIWI wallets)
Bonuses and Special Offers Available at Alvexo
The welcome bonus that Alvexo provides to traders who sign up for a genuine trading account is the one that generates the most interest among the many other bonuses and promotions that Alvexo makes available to its customers. After opening a Classic trading account, traders are need to keep a minimum deposit in order to be eligible for this offer, which is worth a total of $300 and is a deposit bonus. Demo account holders need to be aware that they are ineligible for these bonuses because they do not have a real money account. Additionally, Alvexo provides referral bonuses, which enable existing traders to earn significant benefits simply by recommending the broker to a friend or family member.
At different points in time, Alvexo will give a selection of different bonuses. Checking the company’s official page for up-to-date information on the broker company’s terms and conditions, bonus programs, incentives, and loyalty prizes, as well as the company’s monitoring methods, is therefore strongly suggested.
Partnership Programs Conducted by Alvexo
When it comes to the Alvexo Partnership Programme, the experience of the partner is precisely what the vast majority of affiliates search for. All Alvexo partners are able to convert their traffic, can be assured that they will be paid on time and will receive large rewards, and also have access to a dedicated account manager who works to ensure that everyone involved comes out ahead. The primary objective of the Alvexo Partnership Programme is to cultivate long-term commercial relationships with the partners and the clients referred by the partners.
The following components are included in the Partnership program:
• A seasoned professional who has been working as a broker for the past six years.
• Payout and commission systems that are adaptable as well as customizable.
• Cutting-edge marketing techniques that allow for optimal audience engagement and increased conversion rates
• Payouts made in the blink of an eye.
• Live assistance available around the clock in multiple languages, provided by trained professionals.
• Technology that is completely up to date while maintaining complete openness.
• A dedicated personal account manager who is responsible for ensuring the utmost contentment of each and every client
The Resources That Are Made Available By Alvexo
According to this evaluation of Alvexo, the website provides all traders with the opportunity to further their education and engage in research. Market updates, an economic calendar, trade signals, trading calculators, and blogs are all included in the study field. On the other hand, the education portion of the website consists of walkthroughs, articles, a frequently asked questions area, and a glossary. Every week, news and trends related to the market are disseminated via publication, in addition to other market updates such as daily and weekly reports.
The Trading Academy that comes packaged with Alvexo is one of the platform’s most valuable features. It offers a wealth of video and written training. To make use of this function, go to the tab labeled “Start Learning” and pick any video tutorials or articles that interest you. The purpose of the academy is to teach new customers on trading activity patterns, chart-based trading, how to interpret daily analysis, and how to invest their money in order to reduce the likelihood of really losing any of their own money.
According to this Alvexo review and other reviews of forex broker companies, there is still adequate potential for the broker company to strengthen its research and academic environment and make it less focused on marketing.
About Alvexo Plus All Alvexo users have access to the expanded features and services provided by the Alvexo Plus plan. Trading Central, an academy, Financial Web Tv with the most recent news, webinars, trading signals, e-books, an economic calendar, economics events, and breaking news are some of the services that are provided. Depending on the type of account they have, traders can take advantage of the Alvexo Plus service.
Members who subscribe to the Classic plan are granted access to Alvexo Plus for a period of 30 days and one personal consultation with a consultant. Members with a Gold account have access to Alexa Plus for a period of 60 days and are entitled to three personal consultations with a specialist each month. Access to Alvexo Plus is available to Prime members for a period of 120 days, with a maximum of 5 personal consultations per month. Access for a lifetime is provided to customers who have an Elite account.
Countries That Alvexo Has Backed
Alvexo is a global financial broker that operates in 194 countries around the world. Some of these countries include Australia, Canada, Thailand, South Africa, the United Kingdom (UK), Hong Kong, Singapore, Germany, France, India, Italy, Sweden, Norway, United Arab Emirates, Denmark, Kuwait, Saudi Arabia, Qatar, Luxembourg, Europe, Oceania, and many more. Alvexo also has offices in Europe, Oceania, and many other regions. Alvexo does not let investors and traders who are citizens of Israel or the United States to make investments or participate in CFD or forex trading.
Measures to Ensure the Safety of Alvexo
According to our study and assessment of Alvexo, we are able to say that the platform security measures contain the typical security features that are utilized by a large number of other brokers in the financial markets. All transactions are safeguarded and encrypted with a RapidSSL encryption key of 256 bits, as well as with protocols and firewalls. Transactions made through Alvexo are handled by a major service and payment provider that is PCI-certified, and the company’s servers are located in data centers that have earned the SAS-70 certification.
In addition to this, all customer funds are kept in separate bank accounts that are protected against negative account balances, which shields traders from the risk of incurring losses that go beyond the amount of their deposits. Alvexo claims that the company provides financial services through HSN Capital Group Ltd., and that it is authorized and regulated by two of the most prominent regulatory authorities in the world, namely the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA). In general, Alvexo is a reliable broker that complies with the applicable legislation, security measures, and legal requirements.
Support for Alvexo’s Customers
The live chat feature offered by Alvexo is conveniently located at the very bottom of the screen, making it simple to contact the company’s customer care or compliance department whenever necessary. Customers can find phone numbers for the company’s offices in the United Kingdom (UK), France, Romania, Spain, South Africa, Italy, and Sweden on the official website of the company.
Customers can also contact the support team at the following address: 1 Agias Fylaxeos street Limassol, Cyprus 3025. Any trader who has a question about the features, fees, bonuses, or functionality of the platform can seek assistance from the customer support team of the broker by getting in touch with them. In general, the customer service crew is really nice, very prompt, and quite effective when it comes to finding solutions to issues.
The Wrap-Up of the Alvexo Review
To summarize this Alvexo review, the website is one of the most acceptable options that support both novice traders and experienced traders who search for well-designed investments and trading and investing features. This makes the website one of the most suitable options for both groups. The brokerage company is one of the greatest choices available to obtain actual experience in the field of forex trading because it is regulated by the main license provider as well as by a number of other regulatory authorities. In addition to that, it is not a CON!
The website is loaded with cutting-edge tools, foreign exchange and contract for difference (CFD) assets, market news, as well as thorough research and education that enables traders to make educated decisions with the assistance of account managers that are offered by the website. The broker offers STP execution alongside a diverse selection of account types and an ECN account feature, both of which are fantastic for algorithmic trading and active trading respectively. Please be aware that hedging, guaranteed stop loss, social trading, and copy trading are not services that are offered by Alvexo brokers.
FAQs
Is Alvexo Legitimate?
The Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority are the two organizations that oversee Alvexo’s operations. By adhering to such stringent requirements, Alvexo has established itself as a legitimate online FX and CFD broker.
What Is the Lowest Amount That Can Be Deposited with Alvexo Brokers?
The amount of the minimum deposit required varies from account to account. The minimum deposit required for Classic accounts is €500; for Gold accounts, it is €10,000; for Prime accounts, it is €50,000; and for Elite accounts, the minimum deposit requirement varies. It is important to be aware that in contrast to many other broker organizations, Alvexo does not charge any fees for transactions, deposits, or withdrawals.
How does Alvexo Broker generate revenue for itself?
Even though Alvexo Brokers does not charge any fees associated with deposits or withdrawals, the company nonetheless generates revenue from commissions, spreads, and even client losses thanks to its dual roles as a market maker and a direct counterparty.
Is the Alvexo FCA Subject to Regulation?
VPR Safe Financial Group Limited is the company that runs Alvexo, and the Cyprus Securities and Exchange Commission is in charge of the company’s regulation and supervision. Alvexo’s license number is 236/14, and it was granted in 2014. Therefore, it is not a con job. However, the platform is not subject to regulation by the FCA (Financial Conduct Authority).
