All other trading conditions remain the same, except for an increase in the minimum lot size to 0.25 lots. The ECN Gold account is the first account where some equity CFDs are tradeable, but for a minimum deposit of €20,000. Spreads are listed as 0.0 pips on the account page, though information in other places on the site seem to contradict this information.

Is Alvexo a good broker?

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The minimum account size, in this case, has not been specified, but we can safely assume that it will be far greater than the Prime Account one.

You can utilise a comprehensive selection of daily signals, market analysis, economic news, trading academy, webinars and seminars. This is a really generous selection and puts them amongst the best brokers when it comes to education. Whilst it may not be market-leading, Alvexo is a good broker offering an immersive trading experience with easy to navigate platforms, multiple assets and accounts, plus competitive spreads. Alvexo is a Forex and CFD broker regulated by Seychelles’ FCA and offers several security measures including segregated accounts. The negative balance protection also depends on the broker’s assumptions of the client, and if they deem that the client has been abusing it they will cut this feature.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.

Alvexo Plus is a dedicated section on the broker’s website mainly consisting of several educational sources including the academy, news, webinars, eBooks, financial TV, economic events, and a blog. As we can see the resources offer all kinds of educational materials including videos, webinars, and books. Additionally, there is daily market analysis offered which is integrated with the broker’s proprietary web trading platform. The only downside is that these resources are not free and require substantial investment to open more advanced account types and access them.

Alvexo Fees and Spreads Explored

Trading is delivered through four different account types which include a Classic Account, a Gold Account, an ECN account, and a Prime Account. The basic Classic Account is perfect for new and intermediate traders and offers commission-free trading with decent spreads. Commissions will vary across the three other account types, with the Prime Account offering the most competitive spreads.

Once Alvexo have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days. Alvexo offer a range of learning resources and tutorials and guides made available to registered Alvexo users. The Alvexo guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Alvexo users on basic trading principles. Alvexo live chat support is a way for customers to obtain help from Alvexo through an instant messaging platform.

This average customer rating is based on 3 Alvexo customer reviews submitted by our visitors. Alvexo is a legitimate broker that is safe to trade with and not a scam. Alvexo (Europe), is operated by VPR Safe Financial Group Limited and regulated by the Cyprus Securities and Exchange Commission (CySEC). Leverage should be utilised only when traders understand the risks involved. Broker’s focus on the phone numbers solidifies our argument of pros being the broker’s main target audience. The broker employs segregated accounts and is part of the investor compensation fund.

Once you have created an account, you will get a call from an account representative to verify your information and instruct you on the proper procedure for getting activated. It would not be a random call but is particularly tailor-made for your account and your experience level. The aim is to make you a more effective trader and make your set of skills better, instead of merely telling you instructions or answering your questions. You can open an account by applying online, which you can do by clicking the green “open account” link on the homepage. It the procedure that prospective applicants undergo throughout this industry if they are interested in trading.

Leverage

A Alvexo web trading platform is a piece of software that is used for trading. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed. Make sure Alvexo is correct for your investment purposes.Markets change quickly, and you need to be able to execute an order instantly. Before using Alvexo, think about how easy it is to use for your personal needs.Does the Alvexo platform offer real-time updates or delayed updates that are more informed?

Trade Commodities CFDs

• These meetings serve to establish a closer bond between clients and their team, while also providing insights from leading professionals in the field.
• Within 1-3 Days most Alvexo trading accounts are ready for live trades.
• If you have experience trading with Alvexo please share your personal review of the broker and what you think are strong and weak points.
• As a trader, you never want to miss out on a trade that could potentially up your game.
• Alvexo is relatively new in the forex game but has made a name for being an up-and-coming trading partner in the fast-moving world of international finances.

Alvexo is a Seychelles-based Forex and CFD broker that offers access to over 550 tradable instruments, including Forex, commodities, cryptocurrencies, indices, and stock alvexo forex broker CFDs. The broker is regulated by the Seychelles Financial Services Authority and keeps client funds in segregated accounts. However, the broker charges high spreads starting from 2.9 pips, and negative balance protection is not applied to all clients. The minimum deposit required for the Classic account is 500 USD, which is relatively high compared to other brokers, and educational materials are only available for 30 days.

• The minimum trading size is listed as 0.01 lots, but dependent on account type; it is increased to as high as 0.25 lots.
• The customer support team strives to resolve any complaints in a prompt and satisfactory manner, within 1 business day.
• Alvexo is an online broker that offers trading services in various financial markets.
• The Classic account requires a minimum deposit of €500 and spreads start from 3.3 pips.
• The educational resources offered by the broker are plentiful, the only catch is that it comes at a cost.

As an ECN broker, Alvexo only matches Alvexo trades between other market participants; it cannot trade against the Alvexo client. 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.

Alvexo holds all kinds of events, seminars, and conferences in Europe and the rest of the world too. These meetings serve to establish a closer bond between clients and their team, while also providing insights from leading professionals in the field. Participants and speakers get the opportunity to exchange ideas and learn about different trading strategies.

Alvexo Research and Analysis Tools

Although your withdrawal request will be processed within 24 hours, irrespective of the payment method, it can take 3 to 5 days for you to actually receive your funds. Here at Alvexo, no commission is charged regardless of whether you are a Classic, Gold, Prime, or even Elite account holder. According to regulatory guidelines, Alvexo is permitted to provide its services to sister countries like Spain, Portugal, Austria, France. It can also provide its services to countries outside the EU, granted that they meet the regulatory requirements of the country, such as China, Egypt, Jordan, Lebanon, and United Arab Emirates.

The app lets me keep the markets in my pocket at all time and take them with me wherever I go. 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. I like that Alvexo are regulated in a couple of countries but would like to have seen them regulated by what I would consider to be a top-tier regulator like AvaTrade are. That being said, I would still feel confident that my funds are safe and have no trouble trading with them.

Spreads may differ depending on the type of account but are highly competitive. Spreads on classic accounts start at 2.9 pips and go down to 0.1 pips for Elite account holders. Spreads on indices such as the FTSE 100 start at 3.5 pips for the Classic account and 0.88 pips for the Elite account. Based on all these criteria, Alvexo will provide you with its respective recommendation on the account that suits you with minimum deposit options. The Alvexo platform will also advise you on the amount of money you should invest at the beginning. Alvexo’s recommendations receive a lot of very positive feedback from traders, and therefore these recommendations are trustworthy.

Clients can start live trading with a minimum of $500 deposited in their trading account, which is considerably more than many other brokers require. It also benefits from being accessible from any device that has a working web-browser and internet connection. The in-house mobile app offers 100% trading functionality, allowing you to manage positions and execute trades on the go. Let’s suppose a trader has any questions about the platform’s features, fees, bonuses, or functionality. Traders in this situation need to contact the customer support department of their broker, which will gladly assist them.