Alvexo Review

Overall Score: 85 Points

BrokerAware Rank: #11

Min. Deposit: $250
Max. Leverage: 1:30
Trading Platforms: Alvexo WebTrader, MT4

Alvexo is an independent broker that offers several different currency pairs and CFDs. They’re regulated by the CySEC (Cyprus Securities and Exchange Commission) and authorized and regulated by the Financial Conduct Authority (FCA). The company is based in Cyprus, but also has offices in Paris, France.

Source: Alvexo

The platform offers free VPS hosting and mobile app access for trading on the go. It offers a great experience with personal support and innovative technology that makes trading easy for beginners and experienced traders.

Alvexo’s goal is to make Forex trading accessible to everyone, and their target customers include beginners with no trading skills or experience and seasoned traders. The broker also offers an education centre for newcomers to learn all about forex. The education centre provides training on topics such as market news, chart analysis, and risk management.

Choose from over 450 markets, including a wide range of commodities, indices and stocks. Low fees and excellent margin rates give you more bang for your buck. Capitalize on the support of real people by calling the customer service centre anytime you need them.

CFDs Demo account, mini accounts and Trading platforms

Alvexo prides itself on offering clients the choice of various trading platforms to suit their trading styles. The downloadable MT4 platform is an excellent desktop solution, while the web-based trading platform is suited to more active traders who prefer placing trades directly from their browser.

Source: Alvexo

With an Alvexo demo account, you can try out trading forex and CFDs risk-free. The use of the demo account is completely free of charge. However, this will not provide in-depth information about your success rate over time. 

An Alvexo mini account allows you to trade with real funds without committing a substantial stake in equity. This helps you build the confidence needed for moving forward with a standard retail trading account with initial minimum requirements of $500.

Experience the trading power of Alvexo with opening any of their Classic, Gold or ECN Gold accounts and Prime accounts. Their Classic package has a spread of 0.3 pips, 1:30 leverage and is suitable for standard investors who want to trade relatively small lots at a time.The Gold package has a 0.1 pip spread, 1:200 leverage and deals can be done in lots of 25K for as little as $2.5. 

The Prime account has a maximum leverage of 1:300, spreads from 3.3 pips, and a weekly withdrawal limit up to $10,000. ECN accounts provide access to the exchange without requiring a prime broker.

Source: Alvexo

Alvexo guarantees the lowest spreads and trading fees on its web-based trading platform. There are no hidden charges, and there is no charge to open or close an account. Alvexo offers several training options and statistical information on successful trading. Plus, users have access to video tutorials that teach the basics of forex and CFDs trading.

Minimum deposit amount and funding options

The easiest way to fund your trading account is via credit/debit card. Alvexo offers a wide range of payment cards.You can get started with your Alvexo Classic account for $500, a Gold or ECN Account for $2500, and a Prime account for $10000. Users can withdraw funds with no additional charges and in their chosen currency (USD or EUR). Transfer times typically take approximately three to five business days.

Leverage, margin, spreads and fees

Alvexo Forex Broker offers leverage of 1:30 and 1:300 to experience the power of forex trading. The high leverage allows you to benefit from even small changes in exchange rates to maximize your profit potential. Unused margin held in a traders account will earn daily interests calculated at 3% per year. This is a big plus for those trading with a large amount of margin.

Source: Alvexo

This broker offers competitive spreads on their forex pairs. The EUR/USD spread can be as low as 0.4 pips for ECN VIP accounts and 3.3 pips for Classic accounts. A commission-free structure is available for Classic, Gold and Prime members. Additional fees of 10 units of the base currency apply to inactive accounts, and the forex broker applies swap fees on positions left overnight.