ALVEXO

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Disadvantages:

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About company:

Alvexo is a Forex broker specializing in the global financial markets offering currency investments and CFD trading.

About company. Fund security

Alvexo is owned and operated by VPR Safe Financial Group Limited (Cypriot Investment Firm (CIF)) and is controlled and regulated by the Cyprus Securities and Exchange Commission (CySEC). Companies are required to keep client funds in accounts separate from the firm's capital, and clients' trading history and personal data must be protected by the latest encryption technology with 256-bit SSL protocol.

Trading conditions

There are four different trading accounts. The main difference is the amount of the first installment. Classic is the basic account for newbies. The minimum first deposit is $ 500.

The minimum deposit for Gold is $ 2,500. A welcome bonus of 25% is also available on the initial deposit.

ECN account is aimed at more experienced market players who trade directly. The minimum deposit is $ 5,000.

Prime-account is intended for professionals who deposit from $ 10,000. The smallest trade possible on this account starts at $ 25,000 and spreads from 1.8 pips and up.

An account generator that calculates the initial deposit amount for each trader will be a nice bonus for clients.

A demo account is available to traders who wish to practice trading before putting their funds at risk. An Islamic account is also available for traders who follow Sharia law.

Spreads and leverage

Spreads vary depending on the type of account. On an ECN account, in some cases, spreads can go up to 0.1 pips. The highest spreads are set on the Classic account, starting at 3.3 pips. Thus, commission fees largely depend on how much the client is willing to deposit. We do not recommend that you invest a large amount if you are a beginner.

Leverage can be up to 1: 300 for currency pairs and up to 1:50 for CFD assets.

Trading platform

Alvexo offers three versions of the popular Metatrader4 terminal. They all have an intuitive and easy-to-use interface. You can trade directly from your web browser, through the app on your computer and on mobile devices. You can view your trading history, open, modify and close existing orders. Automated advisors and social trading are also supported. The broker prohibits scalping.

additional services

Alvexo publishes weekly video market analysis, market trends and a daily overview of global financial news.

Timely overviews as well as analysis of upcoming trends are prepared by expert economists and analysts at Alvexo.

The economic calendar contains current events that take place around the world. Alvexo also publishes its news on social networks such as Twitter.

Every trader, regardless of the level of training, will find many useful training materials.

The Trading Academy offers a variety of content: animated videos and articles, available for beginners and advanced traders.

The basic concepts of Forex are presented in the financial glossary, there is also a section of frequently asked questions, where all the sections related to trading are covered.

Bonuses and promotions

Alvexo offers a Refer-a-Friend bonus. Its size depends on the account that the friend opens. In case of opening a Classic account, the referrer receives $ 300; Gold - $ 600.

Each open account comes with a welcome bonus.

Support service

Account holders can communicate with Alvexo representatives via email, fax and telephone. The support service works around the clock, seven days a week.

In addition, online chat is always on.

The website is available in English and French.

Ways of payment

You can deposit money using credit and debit cards, bank transfer and electronic payment systems. There are no deposit or withdrawal fees, but resellers can charge fees for their services independently of Alvexo. Deposits can be made in US dollars or euros.

Pros:

regulated broker; demo version and Islamic account available; selection of trading accounts.

Minuses:

high spreads on Classic accounts; insufficient trading information on CFD products.

FAQ - BROKER QUESTIONS ALVEXO

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Can the broker ALVEXO be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. ALVEXO received a rating of 1 out of 5 on our resource.