Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring Alvexo’s platform. The Alvexo phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Alvexo and found that they could assist us in various languages.
The higher account tiers require larger minimum deposits, in excess of $20,000. Compare Alvexo with the top 3 similar brokers that accept traders from your location. Alvexo offers a mobile app to facilitate on-the-go trading. The iOS and Android apps are available to download free of charge from the App Store or the Google PlayStore.
Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on methods in some countries. All funds deposited into your trading account must be under the same name.
- Alvexo are able to accommodate various levels of traders whether you are experienced or a beginner.
- You should take the security of your personal information seriously and check SSL encryption is enabled on the Alvexo trading platform to protect you on PC and mobile Alvexo platforms.
- An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus.
- They provide a variety of account types along with a range of trading tools and trading academy.
- In other words, Alvexo leverage profits and losses are magnified when trading.
I never transferred anything as I quickly realised what they were about, needless to say further harassing phone calls and won’t delete your details. There is no smoke without fire and whilst you expect bad reviews from competitors and 5 star reviews from insiders you have to look at all the comments on here and you will see there are common threads. I honestly wish I had read everything here prior to giving my details, fortunately I used my burner phone so I can easily stop the calls. If you want to give them a number and see what happens, use a PAYG that you can just throw away. I got to know this company during the time of covid, when they were rolling out e-books with great investment ideas. Now they have new features like trading signals, which are always ready and updated.
Alvexo offers clients Forex trading, CFD trading, Spread Betting trading, and trading. All funds deposited to Alvexo are held in segregated bank accounts for security. Alvexo is regulated by Australian Securities and Investments Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities so can be considered legit. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees.
There is also a generous selection of trading guides for all levels of trader. I like that they are covering a range of important topics including trading strategies, platforms, market analysis and risk management. I think it is good how each article goes into detail including screenshots for a clearer explanation. They pride themselves on being a “real broker for real traders”. I feel they have the infrastructure to cater for both retail and institutional traders alike.
Platforms
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Alvexo, before live trading. You can trade a wide variety of instruments with Alvexo
over 34 instruments in fact. Assets available on Alvexo include Forex trading, CFD trading, Spread Betting, .
What is Alvexo?
US clients are not allowed, Demo accounts and mobile platforms are available. Without a doubt, the “suckiest” thing about Alvexo is their minimum deposit, which is a whopping 500 EUR. This is almost double the industry average of $250 (some brokers let you invest as little as $50) and will probably drive a lot of potential customers away. Also, the spreads for the lowest account are way too big, starting at 3.3 pips. Alvexo is regulated by the Australian Securities and Investments Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities. When selecting a broker such as Alvexo, one of the most critical factors to consider is the broker’s regulatory body and regulatory status.
I find the trading platform misleading compared to other trading platforms especially when it comes to real time prices…. Another aspect of the broker that impressed me was that they have a great choice of flexible accounts to cater for individual trader’s needs. The account type that you opt for will determine your trading conditions and the duration of the services available to you. Thus, it is imperative to choose an account that best reflects your trading budget and requirements.
Commissions & Fees
The Alvexo team did resolve and answer our queries, but the email support from Alvexo was overall average compared to other brokers we have tested. Explore the Alvexo platform and train alvexo forex trading yourself to think systematically and logically about the markets. While learning, you can also use global trading times to practice making live buy or sell trades using Alvexo.
Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Alvexo have a choice of methods for depositing and withdrawing funds to and from your trading account.
Alvexo Pros and Cons
In other words, Alvexo leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Alvexo trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed. It’s important to note that Alvexo requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks.
These checks are a standard practice that helps Alvexo maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Alvexo trading platforms is available on their website. Alvexo provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here. Make sure you’re fully aware of all Alvexo fees and services. It’s recommended that you check the Alvexo website before signing up.
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. 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. An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus.
Support
There are no fees to open an account (this is the case with all brokers) but withdrawal fees will be paid by the customer. For a full list, please refer to their Terms and Conditions or contact a representative. I couldn’t locate a Live Chat button so the only known options are email and phone. The education section has enough information to prepare newbies for trading but won’t turn anyone into a professional trader. They have enough articles to cover the basics of Forex, CFDs, economic indicators, strategies, etc. but also a Daily/Weekly Market Review. However, the freshest daily news entry was 5 days old at the time of our visit but the weekly updates were given for the current week.
Therefore, before trading, verify the Alvexo trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. Please be aware that trading in financial assets with Alvexo carries a risk of loss. Alvexo trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, due to market volatility.