There will never be a situation where your money is at risk and you will not have to worry about being scammed and losing all your money. The Alvexo com platform has lowered the minimum account amount to $250. One thing to note is that the Alvexo com platform does not charge any commissions or fees for deposit or withdrawal of funds, so if any amount is charged by intermediaries, it can be declined. Along with the web platform, Alvexo has full MT4 support, making it a popular MT4 broker for Forex traders. Once you have registered a live account with Alvexo, you can download the MT4 application in just a few clicks and log in with your Alvexo login details. The portal provides a commission-free trading structure for all Classic, Prime, and Gold members.
The basic Classic Account is perfect for new and intermediate traders and offers commission-free trading with decent spreads. Commissions will vary across the three other account types, with the Prime Account offering the most competitive spreads. That is not everything, they have the worst execution i have ever seen to get in to a trade takes more then 1 second. Since wednesday last week I was sending orders to withdrawal my money and it happened just today on Monday that my money was send away from them. To summarise, this Alvexo review has covered everything you need to know about the trading platform, highlighting its features and fee structure and showing you how to create an account in minutes. With strict oversight from CySEC and a wide range of educational materials, Alvexo is undoubtedly a brokerage option for beginners and advanced traders alike.
Table of Contents
The broker is a market maker that makes additional profits from the losses of its traders by acting as a counterparty to open positions. Spreads may differ depending on the type of account but are highly competitive. Spreads on classic accounts start at 2.9 pips and go down to 0.1 pips for Elite account holders.
Information provided is for informational and educational purposes only and does not represent any type of financial advice and/or investment recommendation. Let’s suppose a trader has any questions about the platform’s features, fees, bonuses, or functionality. Traders in this situation need to contact the customer support department of their broker, which will gladly assist them. When it comes to resolving problems, the support staff is generally helpful, extremely responsive, and efficient in solving issues. Additionally, the regulatory alvexo forex broker rules followed by Alvexo require it to keep client deposits in a separate bank account with negative balance protection. Deposit sizes are available upon request only, but given the structure implemented, they will likely exceed €50,000 since the minimum lot size was increased to 0.25 lots.
Educational & Trading Tools
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.But I understand that one great point of resistance… A point that many traders get discouraged when using the broker, is making use of their proprietary trading platform. You have to build trust in their competence, their usability, and a lot of other things. However, my experience with the broker has proven that the platform can be trusted. We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones.
- What stands out is that over 79% of traders operate portfolios at a loss with Alvexo; this is at the upper-end of the spectrum, though not all brokers publish this information.
- As well as writing content, Carlos is a skilled researcher who regularly investigates new crypto projects to understand their potential.
- Alvexo offers the MT4 trading platform without any third-party plugins.
- Research is broken down into market updates, trading signals, an economic calendar, trading calculators, and a blog.
- Every device with an internet browser can access the web-based option, and it has a user-friendly and simple to use interface.
- The overall solid asset selection allows most retail traders to adequately diversify their portfolios, but the drawback to the asset selection is unacceptable spreads and commissions.
Pros & cons of Alvexo account types
The fees on withdrawals are charged by both the broker and payment service providers. Although Alvexo’s account types offer flexibility in terms of lot sizes and leverage, the spreads are high. Therefore, Alvexo may be more suitable for professional traders with high initial capital investments. The prime account requires 50,000 USD at least and spreads start from 1.8 pips and the minimum lot size is set to 0.1.
Alvexo is a regulated online trading brokerage that places great emphasis on providing a convenient trading experience whilst offering traders a place to learn and hone their skills. Alvexo officially launched in 2014 and now has offices in Cyprus and Paris. By providing traders with leading trading technology, Alvexo seeks to ensure that trades can be executed instantly, which will be suitable to traders of all experience levels. This is the case of Alvexo, which through its mobile app, Alvexo makes it simple for its clients to negotiate on different assets.
- The Prime account requires a €10,000 minimum deposit to receive a reduction in the minimum spread to 1.8 pips.
- In addition to the materials mentioned above, our Alvexo review found that the broker also offers a free demo account, otherwise referred to as a paper trading account, facility for all users.
- Many of the most popular investment platforms will offer low trading fees to entice users – and Alvexo is no different.
- This includes a requirement to keep client funds segregated from trading funds, as well as a compensation scheme should things go wrong.
The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. Overall, Alvexo is a well-rounded broker who delivers favourable trading conditions in a sleek, well-put-together package. The proprietary web-trader and mobile trading platforms are a particular highlight and make a highly functional alternative to the MetaTrader platform.
Does Alvexo offer cryptocurrency trading?
Alvexo boasts over 450 tradeable instruments and has thousands of clients worldwide, from France to Singapore and the UAE. One thing that can be assured here at Alvexo is the rich education and learning culture. The commissions are pretty high when you compare them with the usual $6 per lot traded. There are five different account son offer when signing up with Alvexo, each one has its own entry requirements and trading conditions, here is an overview of each one. Alvexo keeps client funds in segregated account in accordance with the CySEC Investors Compensation Fund.
Alvexo Fees, Charges, and Commissions
VPR Secure Financial Group Ltd. established the Alvexo trading platform in 2014. Alvexo, a well-known broker, operates a branch office in Mahe, Seychelles, although having its headquarters in Limassol, Cyprus. On Alvexo’s website, you may trade with more than 450 different assets and thousands of seasoned traders from countries like Singapore, the UAE, and France. The Seychelles FSA and CySEC (Cyprus Securities and Exchange Commission) have both registered and regulated the multi-asset broker (Financial Services Authority).
To do this, the user must log in to the trading account and choose the deposit fund, for the deposit activity, which is located at the top of the dashboard in the menu section. Trading in some products is nonetheless restricted to the specific market opening hours. Less trade volume and bigger spreads may result from trading after hours. The best offerings by Alvexo are its daily market news, signals and trading academy, all of which are worth checking out. That being said, the company’s proprietary platform is lacking extra features that make it stand out, and the lack of plugins for MT4 is unfortunate. We can confidently say that depositing $50,000 in exchange for spreads starting from 1.8 Pips is just nuts.
A significant issue with this broker is that it charges a trading commission per trade for all accounts except for the basic Classic Account, which has a rather wide 3.3 minimum pip spread. These transaction fees could be compensated for by the tighter dealing spreads in the premium accounts and may not be a burden to those who have a substantial initial deposit and/or trade infrequently. Still, they might also add up considerably for frequent traders who deal in smaller sizes, such as those employing day trading strategies. As noted earlier, Alvexo prides itself on offering traders a platform to trade and learn simultaneously. It does this through a whole host of educational materials, including trading signals, news, webinars, eBooks, economic calendars, and even Financial Web TV. Finally, as Alvexo is regulated by CySEC and is authorised to operate in the EU, traders can benefit from the platform’s safe reputation.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. 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. We have compared the range of assets and markets supported by Alvexo with its competitors, making it easier for you to find the perfect fit. Alvexo provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill. I chose Alvexo after comparing it with other companies in terms of security, confidentiality and money-back guarantee in the event of force majeure.
All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. As with many online brokers, Alvexo faces certain jurisdictional restrictions due to local laws and regulatory requirements.
Withdrawals take around 3-5 business days to complete, and Alvexo only allows users to withdraw in USD or EUR. Investors interested in commodity trading UK can benefit from a solid selection of commodities to trade. Our Alvexo review noted a total of 13 options within this asset category, including agricultural products such as Corn and Wheat, along with hard metals such as Gold and Silver. Carlos is an experienced content writer who specializes in cryptocurrency and forex content. After spending time as an active trader himself, he has a good understanding of TradingPlatforms and best practices and uses this to create informative content for TradingPlatforms.