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Kindly note that hedging, guaranteed stop loss, social and copy trading are not available at Alvexo brokers. Among all the account types the Alvexo platform offers, ECN account, both the ECN VIP and ECN Gold account, is quite popular among retail investor accounts. The ECN Gold account does not offer equity CFDs trading, and the minimum lot size is increased from 0.01 to 0.05 lots.
Alvexo has a stop out option which could be exercised at a 50% equity – margin ratio, which is available for classic accounts. After complete the Alvexo review, we conclude that Alvexo is a trading environment more suited for experienced traders. It also has an “advance trading section “which has a range of material to help the users to take the trading to the advanced level. The material has been published engagingly and entertainingly to make it more attractive for the clients. The Alvexo webpage platform has a very user-friendly interface with very straight forward execution.
I think they could also improve by introducing the MetaTrader 5 platform and some more payment options. I would have liked to have the option to contact support over live chat. The minimum deposit is quite high at $500, considering brokers like Trade Nation let you get started with $500. Other than that, I think they can meet the basic needs alvexo review of most retail traders. 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.
The WebTrader platform provides traders lots of features like one-click trading, real quotes, quick execution, and usage of all kinds of orders. Alvexo also supports trading with MetaTrader4, which offers traders complete access to the programmed trading options, like Expert Advisors and custom indicators. The MT4 platform is flexible, simple to use and includes all functions that are required for trading successfully. People who wish to trade and handle positions on the move won’t be disappointed as Alvexo has a fully-functional mobile application made to work both on iOS and Android.
Features of Alvexo
Regulated by the Cyprus CySEC and Seychelles FSA. Lacks charting package. Advantages of trading signals, trading strategies, and daily market analysis. Spreads start from zero pips whilst there is a $18 round turn commission charged.
- Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- These assets include commodities, equity, cryptocurrencies, and forex, which could be traded with minimum deposit.
- You can utilise a comprehensive selection of daily signals, market analysis, economic news, trading academy, webinars and seminars.
- Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.
Had bad service, struggled to get your money back or some other action which you believe isnon compliant? Tell us and if we have the right information, we will actively support your case through mediation with the broker. Alvexo offers two Partnership options in the form of an Affiliate https://forex-reviews.org/ Option. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. According to research, Alvexo is a Seychelles-based broker that differentiates itself through an approach of delivering long-term trading satisfaction.
Alvexo Supported Country
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. The limited selection should suffice if you are just looking to trade a few major currency pairs, popular cryptos or stocks of large companies. For those of you who want more choice, IG have over 17,000 instruments. I think economic calendars are a vital tool and I often use them to see what is happening in the markets.
Imo alvexo broker has a good combination of features and strength in the market offer. The broker has different platforms for different trading preferences and styles, while the choice of instruments opens many opportunities for online trading in the forex and cfd market. Alvexo offers CFD instruments on Forex, Commodities, Indices, and Cryptocurrencies.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. Alvexo offers three trading platforms, consisting of the highly popular MetaTrader4, the in-house WebTrader, and the company’s proprietary Trading App. In this way, the company is able to cater to both novice and advanced traders with a robust and user-friendly broker platform complemented by a high-quality range of educational and training resources.
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.
Alvexo Review: Pros and Cons
The trading calculators include a currency convertor, profit calculator, margin calculator and pip calculator. I found them useful for performing basic calculations but they aren’t something that I would use on a regular basis. Alvexo have a collection of legal documents readily available for the public to download via their website. This can help potential investors conduct due diligence and includes regulatory policy papers, covering risk, privacy and investment policies. In addition, we would like to note that security of funds is a primary concern that Alvexo addresses with the most resolute adherence to industry standards.
All information should be revised closely by readers and to be judged privately by each person. Regulation by three agencies , a great trading platform , free signals twice a day (82% accuracy according to them but we cannot confirm) and cryptocurrency trading. There are no fees to open an account but withdrawal fees will be paid by the customer. For a full list, please refer to their Terms and Conditions or contact a representative. I couldn’t locate a Live Chat button so the only known options are email and phone.
The primary concern of Alvexo is to provide security of client funds by adhering to industry standards. Although Alvexo provides an impressive range of financial markets and award-winning trading platforms, the broker company has not yet received any rewards. 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.
You can choose from a selection of intuitive trading platforms all of which stream real time buy and sell quotes on over 450 different assets. I found the platforms to be flexible and user friendly, with a range of trading tools that are great for assisting with your market analysis. As is very much the industry standard these days, Alvexo runs the highly popular MetaTrader 4 software.
Forex Brokers We Recommend
These are excellent tools which you can get through some other brokers such as Forex.com. Multi-lingual customer support staff are on standby from Monday to Friday, 9am – 6 pm. This is a significantly different offering from the 24/7 support offered by some other brokers. Alvexo’s mobile app compares very favourably to that offered by other similarly sized brokers that tend to simply display information rather than providing actual trading functionality.
Traders who choose to use WebTrader together with MetaTrader4 will enjoy a streamlined and comprehensive trading experience. Once the account is created a verification email will be sent to the registered email address. Note that only ECN account such as the ECN VIP account holders can trade on US and European stocks. Shares – Major shares offered from a group of international companies, including Alibaba, Netflix, and IBM. Forex – 58+ forex currency pairs such EUR/GBP, EUR/USD, and GBP/USD.
Calling me multiple times.
Trading signals are provided free of charge and advertised with an accuracy rate of 82%. One could suggest that if more of Alvexo’s traders used the brokerage’s trading signals, their overall client loss rate wouldn’t be sitting at 79 percent. Additional Alvexo Plus services are also available to all users at Alvexo.
The odd one out, the ‘Classic’ account option adopts a ‘zero commission’, approach although this account unsurprisingly comes with wider spreads. Whilst no trader necessarily likes paying out fees they are part and parcel of the market and at least with Alvexo, there is a choice of approach. With four accounts to choose from there is an increased likelihood of matching account type to personal trading style.
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. Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker. Alvexo provides no information regarding deposits and withdrawals on their website which is highly unusual. The absence of this critical component presented the final piece to conclude that this broker operates a trading environment that should be avoided.
The services include Trading Central, academy, Financial Web Tv with the latest news, webinars, trading signals, e-books, economic calendar, economics events and breaking news. Traders can enjoy the Alvexo Plus service based on the account type. The broker is a market maker who makes additional profits from the losses of its traders by acting as a counterparty to the open positions. Spreads may vary based on the account type, but they are extremely competitive.
Indices – CFD indices trading, including DAX and FTSE, is another instrument at Alvexo. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. My account was cancelled by compliance accusing me of abusing their system using Expert Advisor after I make profit on 6 trade within a week. At the time of writing, we couldn’t find any warnings issued by the CySEC, British FCA, or other regulatory agencies.
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. I feel they have the infrastructure to cater for both retail and institutional traders alike. Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk.