One of the notable features of Alvexo is negative balance protection. This feature ensures that clients never lose more money than they initially invested with this platform. 69.80% of retail investor accounts lose money when trading CFDs with this provider. 70.81% of retail investor accounts lose money when trading CFDs with this provider.

What is Forex trading?

Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. For those looking to participate in indices trading, Alvexo has a selection of major indices that can be invested in.

If you are interested in bonuses alvexo forex broker then be sure to check back regularly or get in contact with the customer service team to see if there are any upcoming bonuses or promotions. Deposits generally get credited immediately to customer’s accounts, with the exception of wire transfers, which can take one to four days to appear in the trading account. The broker allows customers to deposit and withdraw funds using VISA, MasterCard credit cards; VISA Electron, Maestro; or wire transfers. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report.

• And if you need some extra inspiration there are auxiliary tools and signals available.
• First and foremost, Alvexo offers a high level of trust and reliability.
• Alvexo is an online forex broker offering a range of tradable assets, multiple accounts, and varied educational resources.
• All three platforms offer a broad range of order types and real-time price alerts.

How much is the minimum deposit?

Spreads vary according to the account, however, they are competitive. The EUR/USD spread starts at 2.9 pips for Classic account holders and drops as low as 0.1 pips with the Elite option. And if you need some extra inspiration there are auxiliary tools and signals available. Apart from the FCA regulation the company has covered all the EU region completely. It means that the broker is a real deal and you can have long-term, mutually beneficial cooperation with it.

Opening an Account

Over 58 pairs are offered, including majors such as EUR/USD and minors such as NZD/JPY. Notably, Alvexo even provides a range of niche pairs to trade, including USD/SAR and USD/RON. Trading is risky and you might lose part, or all your capital invested.

I didn’t really have needs, because I didn’t know a lot about trading sphere. 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.

• Our suite of three trading platforms has something for every kind of trader with access to over 450 global assets.
• Deposits generally get credited immediately to customer’s accounts, with the exception of wire transfers, which can take one to four days to appear in the trading account.
• Access to Alvexo Plus resources varies by account type, with higher-tier accounts generally receiving more comprehensive educational support.
• Since Alvexo completely eradicates commissions, traders can save a sizable amount on trading fees over the long term – especially active traders.
• You have to build trust in their competence, their usability, and a lot of other things.

Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority.

Alvexo offers the MT4 trading platform, as well as its WebTrader platform. Alvexo does offer free signals, a service that not every broker offers. Alvexo offers the MT4 trading platform without any third-party plugins. Alvexo is a Cypriot broker founded and regulated in 2014 that specialises in CFDs trading via MT4 and their proprietary trading platform. As of August 3rd 2022, Alvexo’s CySec license is partially suspended making them unavailable in French territory. The trading and non-trading commissions of broker Alvexo have been analyzed and rated as Medium with a fees score of 6/10.

Customer support

Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. Access to Alvexo Plus resources varies by account type, with higher-tier accounts generally receiving more comprehensive educational support. There are 31% negative reviews on the Alvexo TrustPilot profile, most of which complain about withdrawal issues and poor customer support. While the high entry barrier of $500 can be an automatic stop for some traders, the comprehensive Alvexo Plus product, containing trading signals and an academy, can perform as an incentivize.

Commissions tend to be quoted as a percentage of your position size that is taken as the broker’s ‘cut’ for facilitating the transaction. Commission rates vary from broker to broker, although they can be as high as 3% on some platforms. With this simulator, traders can test strategies and platforms without risk.

With a variety of account options and an ECN account feature, the broker offers STP execution, which is great for algorithmic and active trading. Please be aware that Alvexo brokers do not offer hedging, guaranteed stop losses, social trading, or duplicate trading. Of course, he uses a prime account, which is still a dream for me at the moment. The spreads on the major currencies are a bit high, but as I mainly trade exotic currencies, the commissions are average. I used to use cards, but that took longer and my bank charged almost 4% fee.

The company does not apply this policy to clients who were trading during gaps or hedging with multiple accounts. It is hard to avoid gaps if the market is extremely volatile or the broker’s provided price data is not of high quality, therefore we assume the broker does not offer negative balance protection. First and foremost, Alvexo offers a high level of trust and reliability.

Follow The Simple Sign Up Process And Get Started Instantly

Each type comes with different leverage options and minimum deposit requirements. The broker offered services in Europe through VPR Safe Financial Group Ltd., which was regulated by CySEC. Alvexo offers a wide range of stock CFDs to trade, including major companies like Tesla and Apple. The first thing to remember is that Alvexo doesn’t charge a commission when you place a trade.

If you have experience trading with Alvexo please share your personal review of the broker and what you think are strong and weak points. But then one day they said that my account is in danger and one day I opened and all my money was lost. If you have traded with Alvexo we would really like to know about your experience – please submit your own review. This average customer rating is based on 3 Alvexo customer reviews submitted by our visitors. Compare Alvexo with the top 3 similar brokers that accept traders from your location. However, always check bonus terms and conditions before you start trading.