Once the accounts team have verified your account, you will be able to fund it using any of the convenient deposit methods and you can then commence trading. Demo accounts are available for you to test the different trading platforms and conditions before opening a real account. You can practice your trading strategies risk free until you build the confidence to switch over to a real account. Each account type has a different spread so those with tighter spreads will most likely be preferred by scalpers compared to others with higher spreads which may be suited to swing traders. You can choose from accounts with low spreads and commission fees, or a spread mark-up with no commission fee. 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.

Trading with Alvexo.eu

Also, on the company’s official website, there are contact numbers for the different branches, which can be found in the United Kingdom (UK), France, Romania, Spain, South Africa, Italy, and Sweden. The portal provides a commission-free trading structure for all Classic, Prime, and Gold members. In addition, an inactivity fee equal to 10 units of the base currency may apply. Alvexo also charges exchange commissions on overnight positions or positions left overnight.

They do not transfer the money back

This may help explain why the education provided appears to disconnect with traders, the academic atmosphere is not provided, and a marketing-focused presentation is dominant. Five banners are embedded with each educational article, and therefore the Trading Academy is a bit distracting when it should be designed for ease of use. Over 450 assets including Forex, indices, commodities, equities, and cryptocurrencies are available at Alvexo. The overall solid asset selection allows most retail traders to adequately diversify their portfolios, but the drawback to the asset selection is unacceptable spreads and commissions.

A truly professional broker!

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Alvexo is an online forex broker offering a range of tradable assets, multiple accounts, and varied educational resources. In this review, we will evaluate the broker’s trading platform, mobile app, signals offering, and more. Overall, I like that Alvexo is a regulated broker with a range of flexible platforms and account types to suit different trading strategies. You can trade a range of over 450+ different assets with reasonable trading conditions and get free trading signals. It’s a pity that the broker doesn’t provide some of the most habitual trading platforms.

What Can You Invest in and Trade on Alvexo UK?

A broker might have the best assets and trading/non-trading fees, but that doesn’t amount to anything if clients feel like their funds are at risk of being stolen. Alvexo chose to make their trading platform a web-based one to eradicate the unnecessary extra step of having to download the platform onto your personal computer. This platform is available across multiple devices as all you need is the URL and a supported web browser.

This feature ensures that the clients never lose more money than they initially invested with this company. 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 broker, at the time of writing, does not have an affiliate program.

Compare Trading Instruments

Alvexo collects its fees from spreads and commissions charges across all available assets. The EUR/USD is listed with a spread of 3.3 pips in the Classic account; this is reduced to 1.4 in its ECN account, but a commission between $13 and $18 applies. These fees are considered extremely high in the Forex industry. Commission charges for equity CFDs range between $0.025 and $0.015 per share, and certain assets are priced as high as $50 per lot.

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In this part of our Alvexo review, we are going to talk about the user experience when using this platform. When clicking on the news tab above the trading chart of any asset, you’ll land on the news section created by Alvexo. The web order placement panel is exactly the same as the one in the mobile app. It would be great to see real news sources from reputable providers such as Reuters, Bloomberg, etc. Alvexo’s mobile news are only available inside each asset on the News tab. At a glance you’ll be able to search assets using the top right magnifying glass or switch between your favourites watchlist, popular assets and your open positions.

Strictly speaking, their Classic Account spreads are relatively high. 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. Indices measure the price performance of a bundle of shares from a particular exchange. If you trade indices, you are able to give yourself exposure to the entire sector or even the economy – all the while only having to open one sole position. 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.

1. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites.
2. It’s a pity that the broker doesn’t provide some of the most habitual trading platforms.
3. The ECN Gold account is the first account where some equity CFDs are tradeable, but for a minimum deposit of €20,000.
4. Over 450 assets are available in Alvexo, including currencies, indices, commodities, equities, and cryptocurrencies.

The different languages offered on its platform really do simplify trading for its clients that originate from 40+ countries. Pheobe Duffy, explained that she’d deposited 10,000 USD into her Alvexo account. Her experience had been pleasant as she received her withdrawals on time, and also expressed great approval of their customer service team referring to them as “good”.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. 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. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

Whilst Alvexo welcomes clients from across the globe, they are unable to accept traders from the United States and some other countries where there are stringent regulations in place. If your country is not accepted, please feel free to look at our broker reviews for an alternative option. The Classic account holders get access to Alvexo Plus for 30 days with 1 personal consultation with a specialist. Gold account holders can access Alexa plus for 60 days with 3 personal consultations with a specialist every month. Prime account holders can access Alvexo Plus for 120 days with up to 5 personal consultations per month. One of the notable features of the Alvexo company is negative balance protection.

Luckily, both can be easily found on the broker’s official website. 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.

I found the Alvexo trader support to be good, but the admin procedures in managing accounts need to more visible to traders, to avoid confusion and delays. That said, if you are thinking f trying your hand with online trading, Alvexo.eu were far, far better than the first trading company I tried (and left quickly). As per our Alvexo review and research, we can say that the platform security measures include the standard security features used by many other brokers in financial markets. All trades are safely secured and encrypted with 256-bit RapidSSL encryption, protocols, and firewalls. The transactions at Alvexo are processed by the leading PCI-certified service and payment provider whereas the servers are situated in SAS-70 certified centers. Additional Alvexo Plus services are also available to all users at Alvexo.

If you wish to open a trading account with Alvexo, you can start by visiting the Alvexo website and clicking on the “Sign Up” button located at the top right of the page. You will be asked to enter your name and email address on the following page before choosing a password for your account. When you start using this type of platform alvexo forex broker to embark on a cryptocurrency journey, you should take into consideration that you should be careful if you have no previous experience in using these platforms. If you need to contact the Alvexo customer support or compliance department, you can do so through their live chat function that can be found at the bottom of the page.

Our broker ratings are also informed by the experience of our researchers during the evaluation process. Many might not know this but the broker offers so many useful features that are absolutely helpful to traders. 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.

In addition, traders can take advantage of the Alvexo Plus service based on account type. Being just a complete rookie, it was very https://forexbroker-listing.com/ difficult to define the best broker for my needs. I didn’t really have needs, because I didn’t know a lot about trading sphere.