History and Founding
Alvexo, founded in 2014, is an online forex and CFDs broker offering a wide range of trading services to retail and institutional clients. The company is headquartered in Cyprus and is regulated by CySEC (Cyprus Securities and Exchange Commission), providing a secure and reliable environment for trading. Alvexo has quickly gained recognition in the trading community due to its advanced trading tools and educational resources aimed at empowering traders of all levels.
Mission and Vision
Alvexo’s mission is to offer clients innovative trading solutions while maintaining a high level of transparency and security. The broker’s vision is to be a global leader in online trading, providing traders with the resources, tools, and education they need to succeed in the financial markets. Alvexo is committed to fostering a user-friendly trading environment with a focus on customer satisfaction and market innovation.
Global Presence
Although Alvexo is headquartered in Cyprus, the broker serves clients in multiple regions, including Europe, Asia, and the Middle East. With a user-friendly interface and a variety of language options, Alvexo has successfully expanded its reach to a global market, offering localized services and 24/5 customer support in several languages.
Advantages and Disadvantages
Key Strengths
- Segregated Account Funds
- Zero-commission policy
- User-friendly Proprietary Trading Platforms
- Well-Researched Educational Articles
- Excellent Customer Service Team
Areas for Improvement
- High Minimum Deposit
- Limited Assets for Classic and Gold Account Holders
- High Non-Trading Fees
- No FAQ Page
Security and Regulations
Licenses Held
Alvexo is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 236/14. The regulatory oversight from CySEC ensures that the broker adheres to strict financial and operational standards, providing a secure environment for traders and safeguarding clients' funds.
Fund Segregation and Insurance
Client funds are held in segregated accounts, separate from the company’s operational funds, which ensures that traders' money is protected. However, Alvexo does not provide additional insurance on client deposits, so traders should ensure they understand the risks involved in trading.
Tradable Instruments
Forex Pairs
Alvexo offers a wide range of forex pairs, including the major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs. This enables traders to diversify their portfolios and take advantage of global forex market fluctuations.
Commodities
Commodities such as gold, silver, oil, and agricultural products are available for trading. Alvexo provides competitive spreads on these commodities, making it an attractive option for traders seeking to benefit from commodity price movements.
Indices
Alvexo also offers a selection of global stock indices, including the S&P 500, NASDAQ 100, and FTSE 100. These indices allow traders to speculate on the performance of major global economies and diversify their trading strategies.
Cryptocurrencies
Alvexo supports trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Cryptocurrency traders can take advantage of high volatility and trade 24/7, a feature that appeals to those looking to explore digital currency markets.
Account Types
Classic
| Minimum deposit | 0 |
|---|---|
| Commission | 2.9 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 100:1 |
| Stop-out level | 40 |
Gold
| Minimum deposit | 0 |
|---|---|
| Commission | 2.2 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 200:1 |
| Stop-out level | 35 |
Prime
| Minimum deposit | 0 |
|---|---|
| Commission | 1.8 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 300:1 |
| Stop-out level | 25 |
Elite
| Commission | 0.1 |
|---|---|
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 400:1 |
| Stop-out level | 15 |
Fees and Charges
Spreads and Commissions
Alvexo provides competitive spreads starting from 1.8 pips on major currency pairs. The Prime Account offers even tighter spreads. Commissions may apply for certain account types, especially when trading with raw spreads.
Swap Rates
Swap rates are charged on positions held overnight. These rates vary depending on the instrument traded and are subject to market conditions. Swap-free accounts are available for clients who prefer not to engage in interest-bearing trades.
Inactivity Fees
Alvexo charges an inactivity fee for accounts that remain dormant for a specified period, generally after 6 months of inactivity. Traders should ensure that they keep their accounts active to avoid these fees.
Trading Platforms
| Available tools | Forex, ETFs, Stocks, Indices, Metals, Energy, Cryptocurrency, CFDs |
|---|
MetaTrader 4
MetaTrader 4 (MT4) is one of the most popular and reliable trading platforms offered by Alvexo. It is known for its powerful charting tools, advanced technical analysis features, and automated trading capabilities through Expert Advisors (EAs).
WebTrader
For traders who prefer a browser-based platform, Alvexo provides a WebTrader. This platform allows for easy access to your trading account without downloading any software. It offers essential trading tools, including real-time charts and access to a wide range of assets.
Mobile Trading Apps
Alvexo offers mobile apps for both Android and iOS, enabling traders to manage their accounts and execute trades while on the move. The mobile platform offers full functionality, including real-time price updates and advanced charting options.
Customer Support
Steps to Register
To register with Alvexo, visit the website and click on "Open Account." Fill in the registration form with personal and financial information. After submitting the form, you’ll receive an email with a verification link.
Verification Requirements
To comply with regulatory requirements, Alvexo requires traders to verify their identity by providing a government-issued ID and proof of address. This is part of the KYC (Know Your Customer) process and helps protect both the broker and traders.
Deposits and Withdrawals
Payment Methods
Alvexo supports a wide variety of payment methods, including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller. These methods provide flexibility for traders to deposit and withdraw funds quickly and securely.
Processing Times
Deposits are generally processed instantly, while withdrawals may take 1-3 business days, depending on the method used. Bank transfers may take longer to process, while e-wallets tend to be faster.
Associated Fees
Alvexo does not charge deposit fees; however, withdrawal fees may apply depending on the payment method. Bank wire transfers tend to incur higher withdrawal fees than e-wallets or credit cards.
FAQ
Is the broker regulated?
Yes, Alvexo is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring high standards of client protection and transparency.
What trading platforms are available?
Alvexo offers MetaTrader 4 (MT4), WebTrader, and mobile apps for iOS and Android for a seamless trading experience across different devices.
What is the minimum deposit required to open an account?
The minimum deposit for the Standard Account is $500, while Prime Accounts may require a higher deposit.
What types of accounts does the broker offer?
Alvexo offers Standard, Prime, and Islamic Accounts to cater to different trader needs.
What fees and commissions are charged?
Alvexo charges competitive spreads starting from 1.8 pips on major currency pairs. Commissions are applied for some account types, especially when trading with raw spreads.
What is the maximum leverage available?
Alvexo offers a maximum leverage of up to 1:400, depending on the account type and regulatory jurisdiction.
Are demo accounts available?
Yes, Alvexo offers demo accounts where traders can practice without risking real money. This is ideal for beginners or those testing new strategies.
How can I contact customer support?
You can contact Alvexo’s customer support team through live chat, email, or by phone. Support is available 24/5 to assist with any inquiries.
You can contact Alvexo’s customer support team through live chat, email, or by phone. Support is available 24/5 to assist with any inquiries.