Alvexo Review 2024 ️Pros and Cons Revealed

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.

  1. Alvexo is regulated by the Cyprus Securities and Exchange Commission (CySEC).
  2. The brokerage offer negative balance protection so you cannot lose more than your account balance.
  3. 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.
  4. Alvexo proudly hosts over 370,000 members on its many platforms and is regulated & authorized by competent regulatory authorities like the FSA and CySEC, ensuring that its financial services are legalized.
  5. This hearing follows a recent one involving the SEC and another major crypto exchange, Coinbase.
  6. I have withdrawn money easily from Alvexo and it does take a couple of days or so.

There are some additional trading tools to help with your day trading activities and you can choose from a variety of account types depending on the strategy you are using. I think the minimum $500 deposit is quite high when compared to many other alvexo brokers but they do have free demo accounts if you want to practice trading before making a financial commitment. Scope Markets is a global online trading broker that offers institutional and retail trading services to businesses and traders.

Alternative Brokers

Otherwise, I’ll switch to Assurity Secure known for efficiency and a reliable fee system. The signals I received were based on logical reasoning but they would require your own additional money management. I actually prefer to use my own strategies as I like to know exactly why a position was taken.


It’s also reachable through other channels like email and telephone calls, which are supplemented by an FAQ section. There is also a live chat function that requests the user to input their email to connect with an agent, but it doesn’t seem to do anything. Additionally, the response times on email don’t seem to be impressive, as responses may sometimes take between a couple to several days. The trading tools section of the app contains access points for vital trading tools, including news, signals, alerts, and the Financial News TV.

Gamblers using your money!

Alvexo was founded in 2014 as an HSN Capital Group subsidiary, and its Headquarters is in Seychelles. Its tradable assets include 14+ indices, 12+ commodities, 55+ forex currency pairs, 20+ cryptocurrencies, and 340+ share CFDs. 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.

After I chose this broker as my first one, I started sorting its educational center right away. Couple of days of fruitful scrutinizing have passed and I realzed what I needed. Hopefully, the broker offers different account types, I personally chose classical, not only because its requirements for min. depo are low, but alo because I didn’t need to deposit more money. Both the Alvexo mobile app and desktop trading platform feature 450+ assets in varying classes like 55+ forex pairs, 340+ shares, 12+ commodities, 14+ indices, 20+ cryptocurrencies, and 1+ bonds.


Yup, it’s not the cheapest service I ever encountered, but it’s well worth my dime. Overall, I like that Alvexo is a regulated broker with a range of flexible platforms and account types to suit different trading strategies. You can trade a range of over 450+ different assets with reasonable trading conditions and get free trading signals. In addition to the plethora of indicators you get built-in the platforms, there is a decent selection of additional trading tools to improve your market analysis capabilities. You can also get access to trading signals and setup risk management. However, I think they could improve by implementing Trading Central and Autochartist.

It will also explore how to open an account, fees, trading platform and safety measures provided by the broker on clients’ investment funds. The account types Alvexo offers include a free demo account in which the traders are credited with £50,000 of virtual money. There is a practice simulator that acts as an excellent way for the traders to experiment with new trading strategies and the different trading platforms in a risk-free forex trading environment.

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 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.

How does Alvexo make money?

Being regulated and registered with a law-abiding authority means that the broker will most definitely strictly adhere to the laws and regulations put forth by the concerned body. She highlighted that their “investment tips” and “educational materials” were their main selling points. The only downside of trading with them, she felt, was that withdrawals took “3 to 5 days” to be successfully processed –  which in her opinion was longer than necessary. Again, just like Reddit users, Quora users too did not hold many discussions about the broker. With that being said, one Quora user, who also claims to be an experienced trader, did find the brokerage firm to have a lot of good things about it.

They welcome all of your general and technical questions via an online form, telephone and email. The broker is headquartered in Cyprus with contact numbers in multiple countries to cater to different client’s geo-locations. I like how support is multilingual available in English, French, Portuguese, Italian, Russian & Arabic. I have tested many brokers over the years and I didn’t find them to have the lowest spreads or commission fees. 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.

Very few Reddit users held conversations about the broker, much less shared their negative or positive experiences with it. However, there was one user who had a lot of positive things to say about his/her time trading with Alvexo. Moreover, because the platform allows you to test out new strategies taking into account all possible costs, experienced traders may find this type of account just as helpful if not more. You will be charged swap fees on every position left open overnight for every business day that it remains open.

Alvexo is available digitally on Mobile and PC platforms devices through its proprietary and third-party platforms. It also operates a robust customer support program in addition to offering great account selections. Limited information is published about WebTrader, but the features listed comparable to those offered by the myriad of MT4 plugins that Alvexo doesn’t currently offer. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *

Call Now Button