Alvexo Review 2023: Is Alvexo Broker Best For You?

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Research is broken down into market updates, trading signals, an economic calendar, trading calculators, and a blog. The educational division features articles and tutorials, a glossary, and an FAQ section.

alvexo forex

Despite this, we wish to inform you that our Senior Account Executives receive extensive and ongoing training in order provide to our clients the quality of analytical services we offer in a professional manner. Customer service information remains scarce, and operating hours are not mentioned. Traders may call one of the toll-free numbers provided or use the webform to send a message. The opportunity to offer TeamViewer support could be interesting if serious assistance is needed, though traders would be rightfully skeptical about the security implications of sharing screens in this way.

Over 450 assets including Forex, indices, commodities, equities, and cryptocurrencies are available at Alvexo. 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. While they are arranged by asset class, and a search function is present, the list only includes five assets, and traders need to scroll through a sometimes extensive list.

Clicking on “View full details” opens a new tab and displays swap rates for the asset. Additional Alvexo Plus services are also available to all users at Alvexo. The services include Trading Central, academy, Financial Web Tv with the latest news, webinars, trading signals, e-books, economic calendar, economics events and breaking news. Alvexo comes with a Trading Academy, which is one of its best features with an abundance of videos and written content. To enjoy this feature, click on ‘Start Learning’ and select any video tutorials and articles. The academy is built to educate new clients on trading activity pattern, chart-based trading, how to comprehend daily analysis, and offer investment advice, to avoid the risk of losing real money.

Imo alvexo broker has a good combination of features and strength in the market offer. The broker has different platforms for different trading preferences and styles, while the choice of instruments opens many opportunities for online trading in the forex and cfd market. The MT4 trading platform is offered by Alvexo, but it lacks many of the add-ons offered by other brokers that can turn this platform into a true powerhouse. MT4 fully supports automated trading and remains the most popular choice among retail traders.

All in all, the support team is quite friendly, extremely responsive, and efficient in problem-solving. Any account can be opened via an online application, which is a standard procedure in the brokerage industry. A quick form fill-up includes entering details like name, email ID, a unique password, submission of ID documents for account verification, and a small deposit required by the site.

What Is Alvexo?

The spreads on indices like FTSE 100 start at 3.5 pips for Classic account and 0.88 pips for Elite account. Although the company does not charge a penny for making deposits and withdrawals, it collects fees from commissions and spreads across available tradable assets. The fees Alvexo charges are high compared to other brokers in the forex industry. Commission charges for trading equity CFDs may vary from $0.015 to $0.025 per share, whereas for other assets, the costs may be as high as $50 per lot. The min. deposit for the Prime accounts is set at a much higher level at €50,000 with much tighter spreads and additional complex CFD instruments. The ECN VIP account or the Elite account is the only account where all the instruments are available.

The website is translated into 7 languages , and its content is relatively well organized and easily accessible. It is still difficult for me to confirm whether this accuracy is real, but in general, for me, as a beginner, they give a guideline that inspires confidence. Alvexo customer support or compliance department can be easily accessed through their live chat function, which can be found right at the bottom of the screen.

Yes, Alvexo forex and CFD broker offers an Islamic account in the interest of the traders who follow the Sharia Law. Although Alvexo Brokers does not charge deposit or withdrawal fees, it makes money from commissions, spreads as well as client losses by acting as a direct counterparty and a market maker. Commodities – The multi-asset trading platform Alvexo also offers commodities trading, for example, Brent oil, natural gas, copper, and many more. One of the notable features of the Alvexo company is negative balance protection. This feature ensures that the clients never lose more money than they initially invested with this company. Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker.

We work very hard to offer the best possible service and assistance to our clients. In addition to the popular MetaTrader 4 platform, the Alvexo WebTrader proprietary development is available to customers. The Trading Academy is an excellent idea, and marks the prime service offered. Personal account manager to ensure the complete satisfaction of the clients.

  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • 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.
  • The min. deposit for the Prime accounts is set at a much higher level at €50,000 with much tighter spreads and additional complex CFD instruments.
  • Information provided regarding costs contradicts itself on their website, and CySEC regulation does little to install confidence in Alvexo.
  • Customers can also reach the support team at 1 Agias Fylaxeos street Limassol, 3025 Cyprus.

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. Traders from Israel and the United States are not allowed to invest and trade forex and CFDs with Alvexo. Alvexo holds yearly events, seminars and conferences around Europe with leading industry speakers to bring the most advanced expertise to our clients in a friendly exchange of ideas between participants and speakers. Customer service at Alvexo is a cornerstone from which the Alvexo trading community thrives. Alvexo’s knowledgeable staff appreciate the importance of prompt, cordial and effective responses to our traders’ needs, requests and questions.

Alvexo Customer Support

Both arms provide negative balance protection, but the fund protection schemes and leverage rates somewhat vary. It has a rich research department with adequate educational materials, hosts various annual events, and offers clients the leading MetaTrader 4 trading platform in addition to its proprietary WebTrade. The education Alvexo offers is another highlighted feature since it aims to obtain long-term customer satisfaction through forex and CFD trading.

alvexo forex

The amount of min. deposit requirement depends on the account type chosen by the trader. Although this feature is not necessary or useful for more advanced traders, it is an excellent resource for beginners. According to this Alvexo review, this feature is extremely useful as it provides a guide to beginners with a stepwise new trading account set-up process.

Great Customer Service

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. Market updates consist of market trends published once per week, a daily analysis, and a weekly report. The content remains brief but is on topic, the presentation is clean, and the outcome is acceptable.

alvexo forex

Alvexo has one of the best beginner-friendly user interfaces across all platforms. Unlike most top forex brokers present in the market, Alvexo has a notable Account Generator feature that helps users to decide what account type they wish to own. It asks them to enter certain data such as risk tolerance, investment style, experience level, skill set, and investment goals. Based on the answers, the broker makes recommendations on account types that best suit the investors and also suggests the number of investments made; thus, chances for safe trading increase.

Does Alvexo offer the MetaTrader Trading Platform?

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Finally, we would like to notify you that the Company shall not accept the opening of any new trading accounts nor the referral of any new Clients.

The Classic accounts offer wider spreads starting from 3.3 pips, whereas the Elite account offers tighter spreads at 01. All the accounts offer forex, index, commodity, and crypto trading with an additional financial instrument or asset available for Prime and Elite account holders, and that is bonds. With cutting-edge technology, Alvexo allows users to achieve faster access to global financial markets on any of its popular trading platforms and mobile app. All versions feature the same advanced analytical tools with complete capabilities. Alvexo investment services include delivering A-Z trading experience with more than 450 assets that range from forex, stocks, indices, commodities, and cryptocurrencies. The primary concern of Alvexo is to provide security of client funds by adhering to industry standards.

Trading accounts of Alvexo

The quick form should grant access to the back-office, from where accounts need to be verified per regulatory requirements; a copy of the ID and a proof of residence document concludes the verification process. The Classic account holders get access to Alvexo Plus for 30 days with 1 personal consultation with a specialist. Gold account holders can access Alexa plus for 60 days with 3 personal consultations with a specialist every month. Prime account holders can access Alvexo Plus for 120 days with up to 5 personal consultations per month. Coming to the Alvexo Partnership Programme, the partner’s experience is exactly what most affiliates look for. All Alvexo partners can convert their traffic, ensure that they get payments on time, with huge payouts, and also have a dedicated account manager who ensures a win-win situation for all.

To support you trading efforts we provide real-time market quotes and price feeds to make your trading more effective and accurate. Another popular award-winning trading platform offered by Alvexo is the Web Trader platform which requires no downloading. It is a web platform with a stable internet connection on every smart device. It has a clean and attractive layout and advanced tools to help traders respond instantly to market conditions.