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For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
You can find out all the results and advantages of the broker here in our Alvexo review. Traders can deposit funds by clicking on the button at the top of the browser and selecting the deposit method of their choice. The two primary deposit methods are Wire Transfer and Credit/Debit card.
They refunded me all the money I lost in trading, which was caused by wrong account type. Furthermore, Gail provided me additional $1000 bonus to enable me to continue evaluating their platform and service. I have to say Alvexo has good thing that other brokers dont have, which is they do assign a dedicated personal broker to provide suggestions and training. I will carry on this account more time to see how everything is going on. You can search for an asset using its name or ticker symbol in the search bar or choose one of the assets presented on the homepage of the Alvexo trading platform.
This broker will be of interest to both beginners and professionals of the foreign exchange market. 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. These are excellent tools which you can get through some other brokers such as Forex.com. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Only Forex, commodity, index, and cryptocurrency CFDs are granted in this account type. Therefore, the asset selection is severely reduced from the advertised 450+ assets. This broker labels its Gold account as the “Most Popular”, but it requires a €5,000 minimum deposit. The only significant change remains a reduction in the minimum spread to 2.2 pips. Equity CFDs remain missing, the minimum trade size has been increased from 0.01 lots to 0.05 lots, and the stop-out level is reduced from 50% to 15%.
What amount of capital do I have to trade with this Alvexo?
It also creates an impression the company is not attempting to upsell you to higher-level accounts. It is an incredibly useful guidance tool that provides potentially confusing instructions in a gradual and easy-to-understand manner. The form you have filled up will be sent to the company back-office, where human staff will check and verify your details to follow regulations.
Over 58 currency pairs are covered by the service, including major ones like EUR/USD and minor ones like NZD/JPY. Moreover, Alvexo offers a range of niche trading pairs, including USD/SAR and USD/RON. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
Alvexo protects your data by ensuring platform integrity and client confidentiality via the use of the strictest safety protocols. Transactions and trades are protected with 256-bit RapidSSL encryption through a firewalled system. Transactions are executed by the highest PCI-Certified (currently Level-1 but subject to upgrade upon availability) service providers and servers located in SAS-70 certified data centres. They hold client funds in segregated fiduciary bank accounts away from the company funds so that they cannot be used for any other purposes. These funds exist off the company’s balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company. Safety of your funds is of primary importance with accounts also having negative balance protection.
However, with Alvexo, their alternatives in overcoming this and turning it to your advantage. Since there are four accounts available to choose from potential holders, you can match your style of trading to the account type. If you worry that Alvexo may be one of those scam online trading platforms that you might see in the news, in truth, it’s not. It is their attractive selling point, a way to pull in potential customers. The company is regulated by the FSA in Seychelles, which is accountable for supervising and giving licenses to non-banking entities in Seychelles. It is operated and owned by HSN Capital Group, Ltd, which turned it into a global trading platform.
Alvexo which is owned by VPR Safe Financial Group Limited was established in 2014. Besides Limassol, Alvexo has operations offices in the UK and Switzerland. According to the official site, Alvexo specializes in global financial markets. It continues to state that traders are able to trade in currency and CFDs in a safe environment. With its mobile app, Alvexo makes it easier for its clients to negotiate on different assets with their company with the help of the mobile app.
Alvexo Review: Pros and Cons
I think they could also improve by introducing the MetaTrader 5 platform and some more payment options. I would have liked to have the option to contact support over live chat. The minimum deposit is quite high at $500, considering brokers like Trade Nation let you get started with $500. Other than that, I think they can meet the basic needs of most retail traders. You can choose from a selection of intuitive trading platforms all of which stream real time buy and sell quotes on over 450 different assets. I found the platforms to be flexible and user friendly, with a range of trading tools that are great for assisting with your market analysis.
Alvexo offers CFD trading in over 450 assets across five categories and claims that technology fulfills a vital role in its trading environment. This broker has a research department, hosts annual events, and provides traders with the MT4 trading platform on top of its proprietary WebTrader. Education is also highlighted in Alvexo’s approach to achieve long-term trading satisfaction.
The commissions are quite high compared with the industry average and vary depending on how many successfully referred clients the affiliate gets in a month’s time. For instance, Affiliates receive a fixed commission per referral of $500 axitrader review per 0 – 5 successful referrals in a month, $550 for 6 – 10 referrals, or $600 for over 10 successful referrals per month. As you can see, these commissions are quite high and can generate a lot f income for successful affiliates.
Customer service
Even though Alvexo does no charge withdrawal or deposit fees, there might be other fees charged to customers from go-betweens. Their online platform attracts a diverse group from the opposite sides of the trading spectrum, ranging from beginner to expert level. It is a highly proficient and robust computer interface that is surprisingly user-friendly. It has countermeasures maxfx to prevent fraudulent activity and highly functional tools that can make your trading experience streamlined and stress-free. Overall, the user experience is overwhelmingly positive and provides the best online offerings in comparison to others of the same status and condition. Aside from regulation, Alvexo also offers an array of security features.
Where is Alvexo managed?
Five different account types are available at Alvexo, all these provide more than ideal trading conditions. Once logged in, users can employ all the eye-catching features that MT4 is known for, such as numerous order types, 30 different technical indicators, and nine chart timeframes. Users can also customize the interface to make trading strategies more convenient to apply. Finally, Alvexo users in turn can download the MT4 app on their smartphone or tablet and log in with their own credentials, enabling smooth trading when they are on the go.
Step 4: Start Trading with Alvexo UAE
The built-in trading tools are compatible across multiple devices and offer a more robust trading experience. The software is designed to supplement the existing MetaTrader 4 platform, allowing traders to manage investment portfolios, perform technical analysis, and set necessarily real-time price alerts. Trading CFDs and forex on this great platform are completely safe and secure.
Like every other FX broker, Alvexo strives to give the good quality services. However, at times and in some areas, the quality of services varalen capital markets it offers its clients is not good enough. Below are the key features to help you know whether you should consider the broker or not.
I prefer card payments as they usually give me quicker access to trading funds. In terms of markets, I found the range of instruments to be reasonable but not as substantial as top brokers like Swissquote who have thousands of tradeable assets. You can trade contract for differences on around 450 instruments in multiple asset classes including from Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds & CFDs. The main advantage of trading CFDs is that you can go long or short without needing to own the underlying asset.
There are many financial affiliate programs out there, but few offer the level of support and care that Alvexo Partners does. In the following review we’ll delve deep into all aspects that make up the Alvexo Partners program and whether it’s a good program to be a part of and how it stacks up to the competition. You won’t get charged any deposit or withdrawal fees from the brokers side although some fees may be charged by payment providers when using certain methods. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Alvexo does not charge a deposit fee for the deposit, all of the above mentioned deposit methods can be used. Due to EU AML/KYC regulations, a withdrawal can only be made via the deposit method used. In addition, the Expert Advisors function can also be used to install free or paid plug-ins and trading bots for automated trading.
You can put up anything you deem necessary up there, which can invariably improve your trading prowess. The wide range of asset choices enables seasoned traders to broaden their portfolios and increase their trading capabilities. However, this inadvertently has unappealing consequences concerning commissions and spreads. They really have tide spreads but just on Eur/Usd and Usd/Jpy but comission…to get to Break Even point You need 1.9 pips so if you add spread the total cost is more then 2 pips. That is not everything, they have the worst execution i have ever seen to get in to a trade takes more then 1 second.
Alvexo market data is updated twice a day, plus to the breaking news or trading opportunities and is provided for free to all customers. Additional Alvexo Plus services are also available to all users at Alvexo. The services include Trading Central, academy, Financial Web Tv with the latest news, webinars, trading signals, e-books, economic calendar, economics events and breaking news.
Since Alvexo doesn’t charge any commissions, the only fee to be aware of is the spread. This does vary from asset to asset, although it can be as low as 2.9 pips on the Classic account. Alvexo doesn’t charge a deposit fee or withdrawal fee, which is ideal for saving money in the long term. However, Alvexo does charge a small inactivity fee of 10 units of your base currency (i.e. $10) after three months of no trading.
Although Alvexo Brokers does not charge deposit or withdrawal fees, it makes money from commissions, spreads as well as client losses by acting as a direct counterparty and a market maker. Customers can also reach the support team at 1 Agias Fylaxeos street Limassol, 3025 Cyprus. Any trader with a query regarding the platform’s features, fees, bonuses, and functionality can get in touch with the broker’s customer support for assistance. All in all, the support team is quite friendly, extremely responsive, and efficient in problem-solving.
Market updates consist of market trends published once per week, a daily analysis, and a weekly report. The content remains brief but is on topic, the presentation is clean, and the outcome is acceptable. Trading signals are provided free of charge and advertised with an accuracy rate of 82%.
Account holders get 2 months free 1 on 1 support, access to SMS trading signals/analysis and daily market review. 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. Spreads start from 1.8 pips whilst there is zero commission charged. Account holders get 4 months free 1 on 1 support, access to SMS trading signals/analysis and daily market review.