An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus. Our suite of three trading platforms has something for every kind of trader with access to over 450 global assets. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations.
Customer service
The ECN VIP account represents the sole account where all assets are available. The minimum deposit size is available on request only, but given the structure implemented, it is likely above €50,000 as the minimum lots size is increased to 0.25 lots. 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.
- The Alvexo trading academy has a selection of fun and easy to digest trading videos that can help you to learn some of the essentials of trading.
- Still, the mix of different font sizes, colors, and overall design created an interrupted read, as did endless adds for Alvexo products.
- If your country is not accepted, please feel free to look at our broker reviews for an alternative option.
- It is recommended to log in and utilize both platforms at the same time to get the most effective and comprehensive trading turnout to maximize earnings.
- The customer support team strives to resolve any complaints in a prompt and satisfactory manner, within 1 business day.
Overall, Alvexo is a stable online broker with positive reviews from veteran traders. They provide a user-friendly interface that is easy to navigate, with many educational tools to assist you to become better online traders. Alvexo also offers a mobile app for traders that are always busy and active all the time.
You can customise the platform to be as simple or complex as you need it to be. This makes it a popular choice of platform for both new and experienced traders alike. 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.
Alvexo Account Types
Alvexo offers an award-winning web trader platform with no download required. The web-based solution is available on any device with an internet browser while the interface is user-friendly and easy to navigate. 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. They seem to put true effort into improving their customers’ understanding of the markets.
Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker. Accounts are opened through an online application, as is the standard operating procedure across the brokerage industry. Limited information is published about WebTrader, but the features listed comparable to those offered by the myriad of MT4 plugins that Alvexo doesn’t currently offer. 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. I find them ideal for checking my trades as and when I feel like it.
It would be great to see real news sources from reputable providers such as Reuters, Bloomberg, etc. As you can see, Alvexo’s spreads are far more expensive than even some of the most expensive (in terms of spreads) brokers out there. Accounts can be opened in only a limited choice of currencies in USD and EURO. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding support for some more currencies and also cryptos.
The strongest suit of this broker is…
Market updates consist of market trends published once per week, a daily analysis, and a weekly report. The content remains brief but is on topic, the presentation is clean, and the outcome is acceptable. Trading signals are provided free of charge and advertised with an accuracy rate of 82%.
It might be challenging for a particular caller because of the time difference and availability of reps that speak the same language as the one needing assistance. The form you have filled up will be sent to the company back-office, where human staff will check and verify your details to follow regulations. You would also need to send a copy of your driver’s license or any governmental ID and another document to show proof of your residence, which completes the process of verifying. If you are have not decided on an account and are confused about this option, you can opt to try the “account generator” tab.
If you want to test your demo account, you will be credited with a virtual amount of 50k British pounds. You can use this to trade with the different assets without any fear of losing real money. This way, you can trade without using fxdd review real funds and not worry about losing money. It is done this way to make sure your skills are developing. And would not encounter any confusion once you start to trade.
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. It refreshes my weary brain a little bit.But on the downside the broker definitely needs to add more instruments. Their online platform attracts a diverse group from the opposite sides of the trading spectrum, ranging from beginner to expert level. It is a highly proficient and robust computer interface that is surprisingly user-friendly.
We have over nine years of experience and have made a thorough examination of the site and its capabilities as an online broker. Here we will delve deep into its sophisticated platform, features, mobile applications, and many more. Once you finish reading this review, you will know the truth about it and will assist legacy fx review you in deciding if it is the right fit for you and whether you will be using its services or not.
Besides the standard kit of brokerage…
I find it odd that I like the trading software of the broker. I think that most traders like the MetaTraders for good reason, but the design of this platform is different from that of the MTs. I mean, they fundamentally perform the same tasks, but this one has a lot more functionality to the design. You work with a regulated entity and you can apply a broad range of strategies. There’s always a bit of room for improvement, but I am satisfied with them.
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. Alvexo is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Transactions are executed by the highest PCI-Certified service providers and servers are located in SAS-70 certified data centres. The support reps have full knowledge of all the issues or queries you may encounter about the platform or trading itself and provide answers promptly. You can call them from Monday to Friday, from nine am to six pm.
