Alvexo trading site was founded in 2014 under the ownership of VPR Safe Financial Group Ltd. The popular broker, Alvexo, is headquartered in Limassol, Cyprus, but has an office in Mahe, Seychelles. Alvexo website boasts more than 450 tradable assets and over thousands of experienced traders worldwide, including France, the UAE, and Singapore. The multi-asset broker is registered and regulated by CySEC (Cyprus Securities and Exchange Commission) and Seychelles FSA (Financial Services Authority). The global operation of Alvexo is operated by HSN Capital Group Ltd, regulated by FSA.
In this Alvexo review, we will discuss the platforms advanced and additional features, services offered, pros and cons, multiple trading platforms, market instruments, financial instruments directive, leverage, fees, bonuses, partnership program, and many more.
What Is Alvexo？
Alvexo trading platform is a forex and CFD trading website established in 2014. Alvexos services include one of the top brokers with more than 650,000 registrations which is quite an impressive accomplishment compared to other brokers. The Alvexo offers CFD trading in more than 450 tradable assets across 5 categories. Worth mentioning, the technology used by this CFD broker fulfills an important role in the trading environment.
Alvexo online trading lacks social trading and copy trading features. It has a rich research department with adequate educational materials, hosts various annual events, and offers clients the leading MetaTrader 4 trading platform, in addition to its proprietary WebTrade. The education Alvexo offers is another highlighted feature since it aims to obtain long-term customer satisfaction through forex and CFD trading.
Alvexo User Experience
According to this Alvexo broker review, the Alvexo platform is a Cyprian investment firm. Alvexo has one of the best beginner-friendly user interfaces across all platforms. Unlike most top forex brokers, Alvexo has a notable Account Generator feature that helps the users to decide what account type they wish to own. It asks them to enter certain data such as risk tolerance, investment style, experience level, skill set, and investment goals. Based on the answers, the broker makes recommendations on account types that best suit the investors and also suggests the amount of investments to be made.
Although this feature is not necessary or useful for more advanced traders, it is an excellent resource for beginners. According to this Alvexo review, this feature is extremely useful as it provides a guide to beginners with a stepwise new trading account set-up process.
All new trading accounts receive a call back from a representative who answers customer queries and outlines a guide towards the complete activation of the Alvexo account. This callback is designed to handle inexperienced clients and aims at developing their skills instead of advising them to start trading from immediate effect.
Alvexo offers a demo account that provides access to certain products. Still, the complete set of instruments is available only to those investors and other traders who complete the second registration phase. The second phase includes certain form filling and a minimum cash deposit.
Features of Alvexo
Negative Balance Protection
One of the notable features of the Alvexo company is negative balance protection. This feature ensures that the clients never lose more money than they initially invested with this company.
Leverage
European Alvexo trading is leveraged at 30:1, whereas users who operate under the regulations of the Financial Services Authority can enjoy a high level of leverage capped at 300:1. Note that the leverage must be used only when the users comprehend the risks involved in forex and CFD trading.
Customer Support
The multilingual Alvexo customer support team operates from Monday to Friday, 9 AM to 6 PM. In addition, the users can get in touch with the support team on a phone call or via email. There is no live chat option on the official website of Alvexo.
Regulations
Alvexo is a legit broker. Trading CFDs and forex on this great platform are completely safe and secure. The Brokers is owned and operated by VPR Safe Financial Group Limited. The company provides financial services regulated by Cyprus Securities and Exchange Commission (CySEC). The global operation of Alvexo is operated by HSN Capital Group Ltd under the regulation of Seychelles Financial Service Authority (FSA). Both arms provide negative balance protection, but the fund protection schemes and leverage rates somewhat vary.
Awards
Although Alvexo provides an impressive range of financial markets and award-winning trading platforms, the broker company has not yet received any rewards.
Clients
Alvexo Brokers boasts more than 450 financial instruments with over thousands of registered traders from around the world, including UAE, Singapore, and France.
Alvexo Review: Pros and Cons
| Pros | Cons |
| Extensive educational materials for both beginners and advanced traders. | Do not offer an expert advisor. |
| Wide range of financial instruments and markets. | No MT5 trading platform is available. |
| Competitive spreads and tiered account options. | High minimum deposit requirements. |
| Regulated by the Cyprus CySEC and Seychelles FSA. | Lacks charting package. |
| Advantages of trading signals, trading strategies, and daily market analysis. |
Alvexo Deposit & Withdrawal Methods
Deposit Options
There are a range of payment methods supported by Alvexo as the traders transfer from the demo account to the live trading account. The funding methods include debit cards, credit cards, bank transfers, and other electronic payment methods.
Traders can fund their trading accounts using the following funding methods:-
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Credit cards (Visa, American Express, MasterCard)
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Debit cards (Visa Electron, Cash-U, Maestro, V-Pay)
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Bank or wire transfers
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Electronic wallets (QIWI wallets)
Withdrawal Options
Traders can use the same payment methods to withdraw their funds from the Alvexo brokerage site. The withdrawal options are:-
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Credit cards (Visa, American Express, MasterCard)
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Debit cards (Visa Electron, Cash-U, Maestro, V-Pay)
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Wire or bank transfers
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Electronic wallets (QIWI wallets)
Alvexo Bonuses & Promotions
Among the various bonuses and promotions that Alvexo offers, the most popular one is the welcome bonus given to traders who register at Alvexo for a real trading account. This bonus is worth a $300 deposit bonus which means that the traders need to maintain a minimum deposit after opening a Classic trading account. Demo account holders must note that these bonuses are not available for them. Alvexo also offers referral bonuses that allow current traders to earn great rewards by referring a friend or relative to the broker.
Alvexo offers various bonuses at different times. Hence, it is highly recommended to check the official page for updated information on the broker company‘s terms and conditions, bonus programs, rewards, loyalty prizes, and the company’s monitoring procedures.
Conclusion
To sum up this Alvexo review, the site is one of the most suitable options that support both beginners and experienced traders who search for well-designed investments and trading and investing features. Being under the regulation of the leading license provider and various regulatory bodies, the brokerage firm is one of the best options to get real experience in the forex trading world. And it is not a SCAM!
The website is enriched with advanced tools, forex and CFD assets, market news, and comprehensive research and education that allows traders to make informed decisions with the help of account managers provided by the website. The broker performs STP execution with a broad range of account types and an ECN account feature which is excellent for algorithmic and active trading. Kindly note that hedging, guaranteed stop loss, social and copy trading are not available at Alvexo brokers.
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