You can trade only Forex, commodities, indexes, and cryptocurrencies in this account type. As a result, the available assets have been significantly reduced from the 450+ advertised ones. According to the broker, its Gold account is the “most popular” but requires a minimum deposit of €5,000. In addition, there are no equity CFDs, the minimum trade size was increased from 0.01 lots to 0.05 lots, and the stop-out level was lowered from 50% to 15%. According to all these criteria, Alvexo will provide its recommendation on the account that best suits your needs based on minimum deposit options. Alvexo’s platform will also suggest how much money you should invest at the start.

Safety of your funds is of primary importance with accounts also having negative balance protection. Alvexo minimum deposit is 500$, which is defined by Classic Account conditions, yet the amount is also defined by the account type you choose. Overall, our impression of the broker was positive, it is a reliable broker with good service and long years of operation.

We thank you for having brought to our intention your concerns and for taking the time to write a review about Alvexo. We regret to hear that you have had a bad experience with our Company, whilst your comments have been duly taken into consideration. The information about deposits and withdrawals is scarce, which is never a good thing. The minimum deposit is 500 EUR, minimum withdrawal is $100 and the processing time is 4 – 7 business days. They provide free trading signals, generated twice a day, with 82% accuracy.

As one of its most distinctive features, Alvexo has the ability to protect against negative balance because that is one of its most notable features. In addition, it is guaranteed that clients won’t lose more money than they invested in the platform since a money-back guarantee backs the platform. The market updates cover mostly the most recent trends in the market and the corresponding daily and weekly analysis of trading.

Alvexo platform has been great and easy…

I found the Alvexo trader support to be good, but the admin procedures in managing accounts need to more visible to traders, to avoid confusion and delays. That said, if you are thinking f trying your hand with online trading, Alvexo.eu were far, far better than the first trading company I tried . Alvexo Plus section on the site is the one I use daily as it helps me to conduct a good analysis. There are such things as news, trading signals, ebooks, economic events and many other features that can be crucial both for new traders and for those who have already gained experience.

The broker is owned and operated by VPR Safe Financial Group Limited. By regulation, the Cyprus Securities and Exchange Commission provides financial services. Under the Seychelles Financial Services Authority , HSN Capital Group Ltd operates Alvexo’s international business. Although plans and leverage rates differ slightly, negative balance protection is available at both branches. 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.

Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker. 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 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. Still, the minimum deposit varies, and the brokers ask the clients to contact the alvexo team to know more about it. Apart from the demo account Alvexo offers, there are the popular Classic, Gold, Prime, and Elite accounts among the five types of accounts. 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.

For those who have the desire to get started in forex trading, you will be pleased to know that Alvexo has a large selection of currency pairs to trade. More than 58 pairs are included, among which there are major pairs such as EUR/USD and minor pairs such as NZD/JPY. Notably, Alvexo also offers a range of niche pairs for trading, including USD/SAR and USD/RON.

In particular, the spread is the only commission charged; no additional transaction fees apply. Extensive educational materials for both beginners and advanced traders. Regulated by the Cyprus CySEC and Seychelles FSA. Lacks charting package. Advantages of trading signals, trading strategies, and daily market analysis. Alvexo offers five distinct account types, all of which has less-than-ideal trading conditions.

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. This is the case of Alvexo, which through its mobile app, Alvexo makes it simple for its clients to negotiate on different assets. In addition to the app being available for iOS and Android, the App Store and Google PlayStore are offered for free download. With this simulator, traders can test strategies and platforms without risk.

Alvexo Deposit & Withdrawal Methods

I like that Alvexo are regulated in a couple of countries but would like to have seen them regulated by what I would consider to be a top-tier regulator like AvaTrade are. That being said, I would still feel confident that my funds are safe and have no trouble trading with them. You can choose the entity that you want to open an account with during the signup process.

The minimum withdrawal amount is $100 and the methods are credit cards, wire transfers and e-wallets such as Skrill and Neteller. In another section, they say that withdrawals take between 4 and 7 business days but the quote above is a bit worrying because basically, they say they don’t know when the money will reach you. The education section has enough information to prepare newbies for trading but won’t turn anyone into a professional trader. They have enough articles to cover the basics of Forex, CFDs, economic indicators, strategies, etc. but also a Daily/Weekly Market Review.

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. Alvexo additionally executed a terrible task on listing available assets. 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.

The Alvexo app is freely available to download from the relevant app stores or directly from the website. They are focused on providing a personalised and reliable service whilst implementing the latest advanced innovative technologies to ensure you can trade in a safe and powerful trading environment. Another advantage we found with Alvexo is their proactive and knowledgeable customer support committed to providing client satisfaction 24/5. The support is omnichannel offering Live chat, email, and international phone calls. A trading strategy that attempts to profit from markets that tend to move either up or down for extended periods of time.

What is the minimum lot size at Alvexo?

Also, an Islamic account free of commissions and interests included in the offering to the clients that follow the Muslim belief . These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading. The minimum initial deposit requirement of Alvexo is $500, with higher amounts required by more premium account types. Dollars or Euro, and clients are not charged for deposits or withdrawals.

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. Alvexo Partnership Programme’s mission is to develop a long-term https://forexbroker-listing.com/ business relationship with the partners and their referred clients. The website provides a commission-free trading structure for all Classic, Prime, and Gold members. An inactivity fee may also be applicable equal to 10 units of the base currency.

• Alvexo offers a demo account that provides access to certain products.
• And prompt to response to my payments , point that is not easy to have from other investment companies.
• Also, on the company’s official website, there are contact numbers for the different branches, which can be found in the United Kingdom , France, Romania, Spain, South Africa, Italy, and Sweden.
• No, Alvexo is not a scam it has a good reputation with a decade-long operation and is considered a low-risk Forex environment.

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. This would be my account of choice simply because it has the lowest spreads which is important for my trading style.

About alvexo plus

The broker performs STP execution with a range of account types to choose from, as well as an ECN account feature great for active or the algorithmic trading. While the company does not charge a penny for making deposits and withdrawals, it does charge fees for commissions and spreads on available tradable assets. The fees charged by Alvexo are somewhat high in contrast to other brokers in the foreign exchange industry.

Traders Reviews

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. With strict CySEC supervision and a range of educational materials, Alvexo is undoubtedly a better brokerage option for beginners and advanced users alike. Alvexo offers traders the option to choose from a wide variety of methods for deposit and withdrawal of the amount. 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.

How can I deposit into an Alvexo account?

The UK trading platform, Alvexo, has a wide selection of major indices in which investments can be made for those who desire and are looking to participate in index trading. The selection is broadly diversified internationally to invest in indices located in Australia, Italy, France, and Japan. There are even multiple U.S.-based indexes, including a “United States Tech 100” index that tracks the top 100 technology stocks listed on the NASDAQ. The firm provides traders with friendly trading experiences and opportunities to develop their skills.

For example, CFD commission costs for stocks can range from $0.015 to $0.025 per share, while those for other assets can be as high as $50 per lot. The broker performs STP execution with a broad range of account types and an ECN account feature which is excellent for algorithmic and active trading. Kindly note that hedging, guaranteed stop loss, social and copy trading are not available at Alvexo brokers. Among all the account types the Alvexo platform offers, ECN account, both the ECN VIP and ECN Gold account, is quite popular among retail investor accounts. The ECN Gold account does not offer equity CFDs trading, and the minimum lot size is increased from 0.01 to 0.05 lots.