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Alvexo Review

Established in 2014, Alvexo is appealing both to advanced and novice traders. It is regulated by CySEC and complies with MiFID. Its compliance with MiFID gives Alvexo a standard regulatory framework, and helps enhance operating efficiency, financial safety, and transparency and offers improved consumer protection too. Alvexo offers a robust platform with incredibly simple to navigate site that has a high-class range of training and educational resources.

Features

Alvexo provides a wide range of trading instruments, including currency pairs, indices, stocks, and commodities. Regulated by CySEC, Alvexo is fully secure and transparent for its traders. Another great feature of this platform is that the free trading signals tend to be updated twice a day. This comes standard with every Alvexo account. It features a big team of market veterans and high-tech professionals who offer a complete trading and investment service to offer traders optimum predictions for success. The platform makes a range of assets classes accessible for online trading, including indexes, currency pairs, commodities, and equities. A few accounts also enable trading of CFDs and cryptocurrency. Moreover, you will also get customer support service in many languages and many trading platforms like MetaTrader.

Accounts

Alvexo offers 4 basic live accounts to its clients. The main difference among all of them is the total amount of money required to open these accounts. The basic account is the classic account for beginners, which calls for a minimum deposit of $500, spread starting at 3.3 pips and a minimum deal size of $1000. The second one is Gold Account with a minimum deposit of $2500, spreads starting at 2.2 pips, and a minimum deal size of $15000. The third account is the ECN account, which is geared towards the committed professionals with a minimum deposit of $5000, spreads starting at 0.06pips and minimum deal size of $20,000. For advanced traders, Alvexo offers the prime account and needs $10,000 to begin trading. The spreads start from only 1.8 pips, and the minimum deal starts at $25,000.

They also offer a demo account for the traders who wish to practice trading and hone their trading skills before trading with real money. For those who follow the Sharia law, Alvexo has an Islamic account.

Deposit And Withdrawal

To deposit funds in your account, you can use a debit card, credit card or bank wire transfer or other optional payment systems like Visa, American Express, and Mastercards. A minimum deposit of $500 is required which can either be made in EUR or USD. They don’t charge any fees for the withdrawal or deposit, but the banking intermediaries might subtract some money for their own services. If you want to start trading right away, the quickest way to fund an account is via your Mastercard or Visa debit or credit card.

Platform

 

Alvexo has a basic set of the trading platforms, beginning with the broker’s proprietary online WebTrader platform which works on an updated web browser and provides the general position management and technical analysis functions. The WebTrader platform provides traders lots of features like one-click trading, real quotes, quick execution, and usage of all kinds of orders. Alvexo also supports trading with MetaTrader4, which offers traders complete access to the programmed trading options, like Expert Advisors and custom indicators. The MT4 platform is flexible, simple to use and includes all functions that are required for trading successfully. Execution is transparent and swift. People who wish to trade and handle positions on the move won’t be disappointed as Alvexo has a fully-functional mobile application made to work both on iOS and Android. Moreover, Alvexo offers the social trading feature as well for all its traders.

Customer Support

The platform offers a multi-language customer support service through the phone in the UK, France, South Africa, Italy, Sweden, Romania, Spain, and Cyprus. They also have support via emails for general inquiries, assistance with compliance, marketing, and finance-related matters. Their live support is always available.

Education

To offer the traders with useful educational material, Alvexo has a Training Academy on the website for the new traders where they can learn the basics of Forex trading and trading strategies using tutorial videos. The seasoned traders will like the advanced trading strategies section.

Conclusion

Though somewhat new to the online brokerage business, Alvexo has noteworthy pricing benefit which STP NDD brokers have for sophisticated traders. But the advantages get annulled by volume-based commissions charged by the broker on trades. Your desire to execute transactions in more than 450 currency pairs, indexes, commodities, cryptos, CFDs, and stocks will be completely satisfied with Alvexo. If you can afford their rather high minimum deposit of $500, want to trade on the go and are ready to trade in the 300:1 leverage ratio, then this broker is an excellent option for you.

Summary
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Summary
Review Date
Reviewed Item
Alvexo
Author Rating
41star1star1star1stargray