Alvexo Review 2020
Alvexo is an established and regulated online broker offering 450+ assets to trade on flexible trading platforms with competitive fees. They provide a variety of account types along with a range of trading tools and trading academy.
Alvexo Review 2020, Pros & Cons
- Strict regulation
- Segregated client funds
- Negative balance protection
- Commission free trading
- Trading academy
- Additional trading tools
- No US clients
- No fixed spread accounts
- No live online chat
- Minimum $500 deposit
In this detailed Alvexo review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Alvexo is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Alvexo.
Alvexo Review: Summary
Alvexo is a regulated online broker offering Forex, Commodities, Cryptocurrency, Stocks, Indices, Bonds & CFDs trading with 650,000+ registrations worldwide and over 70+ billion in trading volume. They pride themselves on being a “real broker for real traders”.
Founded in 2014 by a team of market veterans, Alvexo has a choice of intuitive trading platforms all of which stream real time buy and sell quotes on over 450 different assets. The platforms are flexible and user friendly, including a range of trading tools for assisting with market analysis.
Alvexo are known for the education that they provide along with their service-oriented focus for all levels of traders. Alvexo clients can utilise a comprehensive selection of daily signals, market analysis, economic news, trading academy, webinars and seminars.
They are focused on providing a personalised and reliable service whilst implementing the latest advanced innovative technologies to ensure a safe and powerful trading environment.
Customer feedback from testimonials shared on the Alvexo website is very positive with clients emphasising the importance of the dedicated account managers provided and learning materials that have helped them to become more confident traders.
Alvexo Review: Regulation
Alvexo EU is a brand name of VPR Safe Financial Group Limited who are committed to protecting clients’ interests and security, in accordance with governing rules and guidelines.
Alvexo EU is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 236/14 and company registration number HE 322134. This regulation covers all members within the European Union.
Alvexo Global is registered with the Financial Services Authority (FSA) of Seychelles with license no. SD030 and operated through HSN Capital Group Limited, with company registration number 8422417-1.
They hold client funds in segregated fiduciary bank accounts away from the company funds so that they cannot be used for any other purposes. These funds exist off the company’s balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company. Client funds are of primary importance to Alvexo with accounts also having negative balance protection.
As a regulated broker, Alvexo must abide by strict financial requirements that include regular internal auditing and external monthly monitoring by a certified public accountant. The company is a member of the Investor Compensation Fund (ICF) and is subject to maintaining minimum capital requirements.
Alvexo protects data by ensuring platform integrity and client confidentiality via the use of the strictest safety protocols. Transactions and trades are protected with 256-bit RapidSSL encryption through a firewalled system. Transactions are executed by the highest PCI-Certified (currently Level-1 but subject to upgrade upon availability) service providers and servers located in SAS-70 certified data centres.
Alvexo operates a constantly monitored environment to identify, assess, monitor and control any potential risks that may be associated with its activities. They are continuously evaluating their policies, standards and procedures in order to ensure the security of client funds.
The latest security measures are used to help give clients additional peace of mind. They are constantly updating and monitoring security measures to ensure that they are protecting client interests and delivering a safe trading environment.
Alvexo have a dispute resolution process that can be used in case of client dissatisfaction with services, account or activity issues. The customer support team strives to resolve any complaints in a prompt and satisfactory manner, within 1 business day.
Alvexo have a collection of legal documents readily available for the public to download via their website. This can help potential investors conduct due diligence and includes regulatory policy papers, covering risk, privacy and investment policies.
Alvexo Review: Countries
Whilst Alvexo welcomes clients from across the globe, they are unable to accept traders from the United States and some other countries where there are stringent regulations in place. Some Alvexo broker features and products mentioned within this Alvexo review may not be available to traders from specific countries due to legal restrictions.
Alvexo Review: Trading Platforms
Alvexo provides clients with easy to use, engaging and powerful trading platforms that work seamlessly across multiple devices. You can choose between the popular MetaTrader 4 (MT4) trading platform or the proprietary Alvexo web trader and mobile app.
MetaTrader 4 (MT4)
Developed by Russian software company MetaQuotes, MT4 is the industry’s leading trading platform with millions of users worldwide. It is well known for its quick earning curve and vast range of built in tools. This makes it a popular choice of platform for both beginner and experienced traders alike.
- Market watch window with real time price quotes
- Multiple order types
- 9 timeframes from 1 minute to 1 month
- 30+ technical indicators & graphical objects for chart analysis
- Alert notifications via platform, SMS & email
- Automated trading systems with expert advisors (EAs)
- MQL programming interface to create custom indicators & EAs
- Strategy tester for back testing EAs
- Online community & marketplace
- Freely available on desktop (Windows / Mac) & mobile (iPhone / iPad / Android / Tablet).
Alvexo WebTrader Platform
Alvexo have a fast, clean and convenient online trading platform that runs directly in most modern web browsers without the need to download any additional software.
- Instant Execution for fast order placement
- Charting Suite with a broad range of technical analysis tools
- Real time asset data keeps you up to date with the markets
- Real time alerts to keep you informed with market movements
- Wide range of assets including Currencies, Stocks, Cryptos, Commodities & Indices
- Professional pre-researched trading signals delivered 3 times a day
- On-line precise account information
- Order management to review open positions & cancel pending orders immediately
Alvexo Mobile Trading App
Alvexo offers traders a cutting-edge, powerful and intuitive mobile trading app that implements the latest technologies for easy and convenient trading whilst on the go. Assets such as Apple, Google, Amazon, Facebook, major and exotic forex currency pairs, NASDAQ, Dow Jones, CAC 40, FTSE 100 and much more are available for trading directly from the convenience of your mobile device.
Users can access real-time market quotes and price feeds, view charts and manage positions from the palm of their hands on both Android and iOS devices. The Alvexo mobile trading app is freely available to download from the relevant app stores.
- Live daily trading signals
- Real time price quotes & alerts
- Full featured trading with risk management
- Advanced charting suite & analysis tools
- Create favourite lists for preferred assets
- Trading trends to gauge the popularity and sentiment of an asset from other Alvexo traders
- Track your account status at anytime
Alvexo Review: Trading Tools
Alvexo provide a selection of trading tools to assist with market analysis, trading signals and risk management.
Alvexo Trading Signals
Alvexo offer clients thoroughly researched trading signals prepared by Alvexo’s professional analysts. They are delivered twice per day and can be accessed on your PC or mobile device and sent directly via SMS. It is very important to note that there is by no means any guarantee on the quality or results of these signals.
Alvexo Economic Calendar
The Alvexo website has an economic calendar that displays up to date listings of economic events, including the country impacted and level of impact. You can view previous, forecasted and actual results of each economic event. The calendar also includes filters to display the releases relevant to you. Economic releases are often used as part of a fundamental market analysis.
Alvexo Trading Calculators
Alvexo trading tools includes a useful range of trade calculators that can help to improve your trading efficiency, evaluate your balance and portfolio, perform tasks quick and easy. The trading calculators include a currency convertor, profit calculator, margin calculator and pip calculator.
Alvexo Review: Education
Alvexo have a range of educational materials in their trading academy, including articles and video tutorials. These have been prepared by their team of professional economists, analysts and brokers.
Alvexo Market Updates
The market updates section of the Alvexo website contains frequently updated daily and weekly market analysis. Articles are in-depth covering a variety of markets with technical and fundamental analysis. These market updates can be used to keep tabs on global current affairs, market reactions, inspire potential trade opportunities and as part of an overall trading strategy.
Alvexo Trading Articles
Alvexo have a range of trading articles for all levels of trader, covering a range of topics from trading strategies, platforms, market analysis, risk management and more. Each article goes into detail including screenshot explanations.
Alvexo Video Tutorials
The Alvexo trading academy has a selection of fun and easy to digest trading videos that can help you to learn some of the essentials of trading. Topics include technical analysis, types of markets, charts and more.
Alvexo Trading Glossary
The Alvexo glossary contains an A-Z of of popular trading terms along with an explanation of each. It can be very important to familiarise yourself with the most commonly used trading terminology.
Alvexo Review: Trading Instruments
Alvexo offer traders contract for differences (CFDs) on more than 450+ assets in multiple asset classes including from Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds & CFDs.
Alvexo Review: Trading Accounts & Fees
Alvexo have a choice of flexible accounts to cater for individual traders needs. The account type that you opt for will determine your trading conditions and the duration of the services available to you. Thus, it is imperative to choose an account that best reflects your trading budget and requirements.
An ECN account is required for access to trade stocks. Maximum leverage on all accounts is 1:300. Each account type has a different spread so those with tighter spreads will most likely be preferred by scalpers compared to others with higher spreads which may be suited to swing traders. Classic, Gold and Prime accounts have no commissions.
Demo accounts are available to test the different trading platforms and conditions before opening a real account. Islamic swap-free accounts that comply with Sharia law are also available upon request.
As broker fees can vary and change, there may be additional fees that are not listed in this Alvexo review. It is imperative to ensure that you check and understand all of the latest information before you open a Alvexo broker account for online trading.
Alvexo Classic Account
The classic account requires a minimum deposit of €500. Spreads start from 3.3 pips whilst there is zero commission charged. The minimum lot size required for this account type is 0.01. Account holders get 1 months free 1 on 1 support and access to trading signals/analysis.
Alvexo Gold Account
The gold account requires a minimum deposit of €3,500. Spreads start from 2.2 pips whilst there is zero commission charged. The minimum lot size required for this account type is 0.05. Account holders get 2 months free 1 on 1 support, access to SMS trading signals/analysis and daily market review.
Alvexo Prime Account
The prime account requires a minimum deposit of €10,000. Spreads start from 1.8 pips whilst there is zero commission charged. The minimum lot size required for this account type is 0.25. Account holders get 4 months free 1 on 1 support, access to SMS trading signals/analysis and daily market review.
Alvexo ECN Gold Account
The ECN gold account requires a minimum deposit of €5,000. Spreads start from zero pips whilst there is a $18 round turn commission charged. The minimum lot size required for this account type is 0.05. Account holders get 6 months free 1 on 1 support, access to SMS trading signals/analysis, daily market review and daily live review.
Alvexo ECN VIP Account
The ECN VIP account is available upon request and can be customised according to individual requirements. Spreads start from zero pips whilst there is a $13 round turn commission charged. The minimum lot size required for this account type is 0.25. Account holders get full access to the range of features available including unlimited free 1 on 1 support, access to SMS trading signals/analysis, daily market review and daily live review, meetings and direct line to senior account executives.
Alvexo Review: Customer Service
Alvexo put a strong emphasis on offering industry leading customer support to help their clients thrive. Knowledgeable customer support staff understand the importance of prompt and efficient responses to client requests. They welcome all general and technical questions via an online form, telephone and email. Alvexo are headquartered in Cyprus with contact numbers in multiple countries to cater to different client’s geo-locations. Support is multilingual available in English, French, Portuguese, Italian, Russian & Arabic.
Alvexo Review: Deposit & Withdrawal
Alvexo have a choice of methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card, WebMoney & CashU. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Alvexo does not charge any deposit or withdrawal fees although some fees may be charged by payment providers when using certain methods. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on methods in some countries. Alvexo do not accept third-party payments. All funds deposited into your trading account must be under the same name as your Alvexo trading account.
Accounts can be opened in USD, EUR. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Alvexo Review: Account Opening
Opening an Alvexo trading account is a simple process. There is a short online form to complete after which you will need to verify your email address. You will then need to upload a proof of identification such as a passport or drivers license and a proof of address such as a utility bill no more than 3 months old. This is normal part of the KYC procedure that online brokers conduct. Once the accounts team have verified your account, you will be able to fund it using any of the convenient deposit methods and you can then commence trading.
Alvexo Review: Conclusion
Alvexo is a regulated online broker with a range of flexible platforms and account types to suit different traders needs. They provide traders with very competitive trading conditions and fees for trading a wide range of over 450+ different assets. In addition to this, they offer useful trading tools and have an abundance of educational materials to help improve your trading knowledge. Furthermore, the customer support team are prompt, polite and efficient with their responses.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.