This company is a total scammed company you deposit your money but no way to withdraw. As soon as you visit Alvexo’s website, you’ll notice that it has really good research and teaching initiatives to support its traders. They seem to put true effort into improving their customers’ understanding of the markets. Nothing out of the ordinary, but since they are exceptional in so many aspects, I guess they should also stand out in this aspect as well. 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. 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.
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). However, always check bonus terms and conditions before you start trading. Leverage should be utilised only when traders understand the risks involved. Alvexo’s charting tools are accessible at all times from the bottom of the platform by expanding them using the full-screen option.
- Our team has compiled a series of detailed Alvexo comparison articles, pitting the Alvexo platform against some of the best-rated Alvexo competitors in the market.
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- Between 74-89% of retail investor accounts lose money when trading CFDs.
- Alvexo offers its custom trading platform developed and tested in-house.
In the coming section of the Alvexo review, the brokering platform has been critically reviewed to deliver a logical opinion on it. In the Alvexo reviews, all the aspects of the brokers have been critically examined, in the context of its efficiency for the traders. So go through our review and get a better insight into the working of the trading platform. Customers can also reach the support team at 1 Agias Fylaxeos street Limassol, 3025 Cyprus. Any trader with a query regarding the platform’s features, fees, bonuses, and functionality can get in touch with the broker’s customer support for assistance.
What is Forex trading?
Alvexo offers a trading platform for just about every type of trader, including a fully-functional mobile platform that works on the Android and Apple iOS operating systems. Each platform allows traders to access over 40 currency pairs, and a total of more than 100 other assets, including stocks, indices and commodities. Regardless of what account type you choose, Alvexo provide clients with access to over 450 financial instruments traded in real-time, including forex, indices, commodities, shares, and cryptocurrencies. Importantly, Alvexo operates an STP—or Straight Through Processing—broker model, which gives you direct access to the broker’s liquidity providers which, in theory, should give you much tighter spreads. Overall, beginning or experienced traders will find the best suitable option with well-supported feature at Alvexo.
Although Alvexo’s web trader is finely…
Some Alvexo trading features can be complex when trading on mobile or using the Alvexo online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Alvexo trading tools properly. Our review of the broker Alvexo finds, that they are offering day traders and investors, the popular MT4 trading platform.
It is now time to discuss some of the features provided by the platform, along with their respective analyses. There is an MT4 plug-in available, as well as four trading calculators. It is important to note that each calculator accurately determines the broker fees, profits, and losses. There is a wide selection of major indices in Alvexo in which investors may make investments in case they are interested in participating in index trading. You can choose from a broad range of indices that can be used to invest in countries such as Australia, Italy, France, and Japan.
To help their clients reach their trading potential, Alvexo provides an extensive range of educational materials in the ‘Academy’ section of the Alvexo website. This contains a number of useful resources, including articles, tutorials, and both fundamental and technical analysis resources. Although the spreads are somewhat high on the Classic account, intermediate traders will be pleased to see the Gold and Prime accounts offer competitive spreads from 2.2 and 1.8 Pips respectively. Alvexo minimum deposit is 500$, which is defined by Classic Account conditions, yet the amount is also defined by the account type you choose.
Is Alvexo trading good?
Be mindful of these charges, impacting your overall Alvexo trading profitability. Alvexo is a Forex and CFD broker that is operated by HSN Capital Group LTD. The broker is regulated in Seychelles and offers trading services to international traders. The broker has several awards for offering the best mobile trading app and has also its proprietary trading web platform. Unfortunately, there are no advanced trading platforms available at this moment and spreads are also a bit high. In addition to this, all client funds are held in segregated bank accounts with access to negative account balance protection, which safeguards the traders from any losses that exceed deposits.
Multi-lingual customer support staff are on standby from Monday to Friday, 9am – 6 pm. This is a significantly different offering from alvexo review the 24/7 support offered by some other brokers. Alvexo has a team of in-house analysts that provide a range of research reports.
Is Alvexo regulated?
Alvexo’s recommendations receive a lot of very positive feedback from traders, and therefore these recommendations are trustworthy. The calls are adjusted so that new traders should get an idea on how to start trading, while in the case of experienced level traders, it helps an advanced level of skill set. Although the company does not charge a penny for making deposits and withdrawals, it collects fees from commissions and spreads across available tradable assets. The fees Alvexo charges are high compared to other brokers in the forex industry.
Another area where fees need to be monitored is that of funding transfers. Funds can be wired into the account in other currencies, for example, GBP sterling, and will then be converted to EUR or USD according to account holder preference. The minimum account size is EUR 250 and US$ 250 which is in line with the peer group and a welcome change as previously the required minimum was higher. Deposits can be made using credit/debit cards, as well as a range of electronic wallets, with the e-wallets being the fastest method.
When selecting a broker such as Alvexo, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Alvexo ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. To better understand the Alvexo trading platform, you can create two separate accounts – one with real money and the other a Alvexo demo account. A Alvexo demo account provides a risk-free environment for experimenting with the Alvexo platform’s features and trading strategies before risking your actual funds.
Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring Alvexo’s platform. Based on our experience, we have given Alvexo a D grade for customer support.