Alvexo Review

Alvexo

  • Name : Alvexo
  • Website : alvexo.com
  • Established : 2014
* Ranked #50 of 316 in DailyForex's top broker list

Info

Name : Alvexo
Website : alvexo.com
Established : 2014
Country : Cyprus
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Demo and Islamic Account
  • Choice of Trading Accounts
  • Choice of Platforms

Disadvantages

  • Scant Information on CFD Products

Alvexo Review

Alvexo Review

Alvexo is a real newcomer to the Forex and CFD scene, having opened their doors in 2014 and it has come a long way in a short time. Alvexo is a global Forex broker and investment company specializing in global fiscal markets and offering investments in currency and CFD trading.

Alvexo is owned and operated by VPR Safe Financial Group Limited a Cyprus Investment Firm (CIF) and is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Accounts

Alvexo offers several different accounts but a nice feature I found right at the beginning of this review was the Account Generator which, based on the answers to several questions, calculated the amount of money a trader should be investing. This can certainly save new traders from investing and ultimately losing much of their money.

Alvexo Account Types
Alvexo Account Types

There are four different trading accounts. They differ mostly in the amount of money needed to open the account. The Classic account is a basic account for beginners. The minimum first deposit is $500, the minimum deal size $1,000 and spreads start at 3.3.pips.

The minimum deposit for the Gold account is $2,500. Spreads start at 2.2 pips and the minimum deal is at least $15,000.

The ECN account is geared towards dedicated professionals who trade direct. The minimum deposit is $5,000 and the minimum deal size is $20,000. Spreads are as low as 0.06 pips.

The Prime account is for advanced trading by serious investors and requires $10,000 to start. The smallest deal possible in this account starts at $25,000 and the spreads go from 1.8 pips and up.

Leverage for all four accounts is 1:300.

A clear chart of the different spreads for each currency and commodity accompanies the account comparison presentation which is very useful.

Spreads Chart
Spreads Chart

An additional chart lists the share, index and commodity CFDs available to be traded, their various exchanges, contract requirements for each product and in the different accounts in which they can be traded.

A demo account is available for traders wishing to practice the art of trading before putting their funds at risk. An Islamic account is also available for traders who follow Sharia laws and do not accept interest on funds accumulated overnight.

Features

The Alvexo website is easy to navigate. What makes it nice is that in addition to the tabs at the top of the page, most major topics can be accessed by scrolling down on the landing page. It’s simple and convenient. The website is available in English and French.

In addition, there is also a side toolbar that can be used to open the most important topics.

Alvexo keeps tabs on global current affairs, market reactions and investment opportunities. A weekly market analysis is presented in video form and trading opportunities are offered in length. Market trends are discussed daily and a comprehensive review of global financial news is posted on a daily basis.

Alvexo Daily Market Analysis
Alvexo Daily Market Analysis

A timely review of the previous week as well as an analysis of the trends to come are all prepared by Alvexo’s expert economists and analysts and posted alongside the top updates from all around the world.

The economic calendar is precise and current with events taking place across the globe and Alvexo stays on top of the social trends by posting the top few Tweets of the day.

Education

When it comes to education, the training and support materials are excellent at Alvexo, and every skill level of trader will find a subset of materials directed to his/her specific needs.

The Trading Academy offers a host of different features. Creative animated videos and top textual articles are available for beginners and advanced traders.

Articles on the Education Section
Articles on the Education Section

Terms and expressions of Forex trading are presented in the financial glossary and the FAQ section is conveniently divided into sections of a scrolling list of questions and answers that seem to cover all areas of trading.

Customer Support

Account holders can connect with an Alvexo representative 24/7 by email, Fax and telephone to a number of different locations. Their multi-lingual staff is on standby to answer questions and solve any problems. 

Deposit/Withdrawals

Major credit and debit cards or bank wire transfers can be used for deposit purposes, or traders can use several alternative payment systems if they are available in the trader’s geographic jurisdiction. The minimum deposit required is $500, which can be made in either USD or EUR.

There are no fees charged for either a deposit or a withdrawal, but banking intermediaries may deduct a charge for their services independent of Alvexo. Deposits can be made in USD or EUR.

Conclusion

Alvexo, a relatively new broker in the Forex scene, seems to have hit the ground running with a finely tuned machine. Their features and product offerings match up with the latest innovations in the industry with competitive pricing and a host of support tools that can be customized to suit any trader’s individual tastes. The management team’s commitment says it all: “Swift, Secure, Smart – Trade with the assurance of a regulated broker committed to your financial success.”

Advantages

  • Demo and Islamic Account
  • Choice of Trading Accounts
  • Choice of Platforms

Disadvantages

  • Scant Information on CFD Products
Review info :
Broker reviewed : Alvexo Rating : 7 out of 10
Reviewed By : Review Date :