The Prime account requires a €10,000 minimum deposit to receive a reduction in the minimum spread to 1.8 pips. All other trading conditions remain the same, except for an increase in the minimum lot size to 0.25 lots. The ECN Gold account is the first account where some equity CFDs are tradeable, but for a minimum deposit of €20,000. Spreads are listed as 0.0 pips on the account page, though information in other places on the site seem to contradict this information. The EUR/USD carries at 1.4 pips with a commission of $18 per lot with a minimum lot size of 0.05 lots. The ECN VIP account represents the sole account where all assets are available.

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Alvexo offers CFD trading in over 450 assets across five categories and claims that technology fulfills a vital role in its trading environment. This broker has a research department, hosts annual events, and provides traders with the MT4 trading platform on top of its proprietary WebTrader. Education is also highlighted in Alvexo’s approach to achieve long-term trading satisfaction. An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus.

In order to achieve these goals, they’ve developed their policies and platforms in a revolutionary fashion. Clients are granted access to cutting-edge groundbreaking technology, one that transforms home trading for the better. To conclude, this Alvexo review has covered everything you need to know about the trading platform, highlighting its qualities and fee structure and showing how to create an account in minutes.

You can trade a range of over 450+ different assets with reasonable trading conditions and get free trading signals. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.

Top Features

Alvexo web-trader makes sure that you receive all relevant alerts in real time and even lets you execute orders instantaneously based on them. You will be charged swap fees on every position left open overnight for every business day that it remains open. Please note that on all forex instruments, a 3-day swap will be charged every Wednesday to account for the weekend. The same goes for indices, however, the 3-day swap is instead charged on Fridays.

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Additionally, the minimum account size is quite high at a whopping $500. Finally, classic account traders don’t get access to the direct call line of the senior account executive, but they do enjoy 30-days access to Alvexo Plus. There are four different Alvexo account types, each with its own features designed to suit the needs and trading styles of different traders. Alvexo offers traders access to a large portfolio of 450+ CFDs trading instruments, including shares, crypto, indices, and commodities.

• Gold account holders have access to Alvexo Plus for 60 days with three monthly consultations with a specialist.
• Trading signals are provided free of charge and advertised with an accuracy rate of 82%.
• Alvexo offers customer support to assist clients with their trading needs and platform inquiries.
• For those of you who want more choice, IG have over 17,000 instruments.

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Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker. Alvexo provides traders with expensive trading conditions in an uncompetitive trading environment; they may be the highest across the brokerage industry. Alvexo claims over 650,000 registrations, though this information could not be confirmed.

Seeking to tend to the needs of its clients with varying backgrounds in trading, the online brokerage firm offers many different types of accounts. With Alvexo, you can open a demo, classic, gold, prime, and elite, or even an Islamic (swap-free) account if you wish to abide by the Sharia. The educational materials offered by Alvexo are numerous and excellent, but there is a catch. The materials offered are limited to 30 days for Classic account holders and with each upper-tier account type the days for which Alvexo Plus is available are increased. As we can see the resources offer all kinds of educational materials including videos, webinars, and books.

You will find a vast range of built in tools for performing in-depth market analysis. You can customise the platform to be as simple or complex as you need it to be. This makes it a popular choice of platform for both new and experienced traders alike.

Copy Trading and Growth Plans

69.80% of retail investor accounts lose money when trading CFDs with this provider. 70.81% of retail investor accounts lose money when trading CFDs with this provider. Alvexo also offers its customers a Trading Academy, where new traders can learn forex trading essentials, watch tutorial videos, and pick up some simple trading strategies. 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. Alvexo offers a wide range of online trading to suit all tastes, experiences levels, and investment strategies.

Deposits

Bear in mind that each payment method is not always available on all locations as they depend on what each financial regulator allows. 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. However, always check bonus terms and conditions before you start trading. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

The lack of a live chat is a serious downside for any brokerage firm as clients will need substantial time or undergo extra costs to contact the broker in case issues arise during trading. Support is available in several different languages including English, French, Spanish, etc. Now, let’s review the other type of fee traders on Alvexo get to pay. In contrast to trading fees, non-trading ones accrue due to non-trading activities on a trading platform.

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. This broker additionally conducts events multiple times per year, to meet clients and present the latest market trends. 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.

We will take a look at the office address and regulatory bodies of each of these companies. Alvexo has an online application form, which is the standard operating procedure. CySEC regulation is confirmed, and Alvexo provided the link to the regulation.

• Since then, this broker claims to have over 650,000 registrations, a rather impressive accomplishment, but one that we could not verify during this Alvexo review.
• Let’s suppose a trader has any questions about the platform’s features, fees, bonuses, or functionality.
• Customers should also be mindful that whilst Alvexo does not charge a deposit or withdrawal fee, the intermediaries you use to make payments may do so.
• The account also offers a minimum lot size of 0.25 lot, the best spreads from 0.1 pips, and access to all the trading instruments, including bonds, Europe and US stocks, and Cannabis stocks.
• Alvexo have also developed their own in-house, cloud-based, WebTrader software that traders can use from any modern web-browser.

Strictly speaking, their Classic Account spreads are relatively high. In addition to that, the broker offers its services in a total of six languages, namely English, Arabic, French, Italian, Dutch, and Spanish. If you need to contact the Alvexo customer support or compliance department, you can do so through their live chat function that can be found at the bottom of the page. In this part of our Alvexo review, we are going to talk about the user experience when using this platform. Only the amount originally deposited through a credit card may be withdrawn to that account, and the balance of funds will then be transferred to the client’s bank account. Had bad service, struggled to get your money back or some alvexo forex broker other action which you believe isnon compliant?