Pros
  • Multiple trading platforms
  • Extensive educational resources for both beginner and advanced traders
  • Benefit from daily market analysis and trading signals
Cons
  • No MetaTrader 4 or MT5 platforms available
  • Extensive educational resources for both beginner and advanced traders
  • Bad customer reviews
  • High minimum deposit

Reviewed broker: Alvexo

Established in 2014

Regulation: Cyprus Securities Exchange Commission (CYSEC)

Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs

US traders are not accepted at the moment of the review

Alvexo Trading Conditions

Alvexo New Webtrader offers simplicity, User friendliness, tailored reporting and built in trading signals. 

We provide a complete set of investment services – all tailored to your trading success

The brokerage offer negative balance protection so you cannot lose more than your account balance.

Live Customer Support

Always available for professional assistance and guidance. 

Leverage

Get the highest leverage 300:1 on all currency pairs 

Tools

The entire array of analytic tools at your disposal – daily analysis, weekly reviews & live signals. 

Trading Academy

Learn about Forex & global markets and improve your trading through knowledge 

Award Winning Platform

Trade anytime and anywhere using the latest software innovations. 

Account Types

Alvexo offers a selection of four accounts. Examine the requirements and components of each one, and then select the one that best suits your abilities and goals. An Islamic account free of commissions and interest.

Overall, Alvexo reviews its 4 major types of the real-money accounts, which are designed to fit every trader’s preferences and trading styles.

Demo Account – virtual cash is ready to be traded! Get your hands on some serious practice environment with the broker’s demo account. In fact, you can have both demo and live account at the same time to take advantage of the demo mode and test your strategies.

On a negative note, however, the demo account is time-limited to 1 month. It is time to change that, dear Alvexo owners, since most brokers today offer unlimited demo account. It’s not cool to force traders to go live if they are not ready yet, especially when your classic account (for beginners) require minimum deposit of $500!

Classic Account – best option for beginner traders who lack in experience. Minimum deposit requirement, however, is very high – $500. For a beginners account we expect the minimum deposit not over $200.

Gold Account – for experienced traders with minimum deposit of $10,000

Prime Account – for advanced traders with advanced goals with minimum deposit requirement of $50,000.

Elite Account – tailor made account with pips as low as 0.1, for more information traders are asked to contact the broker directly.

Islamic Account – clients of Muslim faith are welcome to open the Islamic accounts without compromising Sharia law.

For those of us unsure which account to choose, the broker went one step ahead and created Account Generator widget on its website where you add some details about yourself and your financial preferences and, boom, you have an account suggested for you!

The spreads vary for the account types. The lowest possible is 0.1 pips on majors. Classic accounts designed for beginners see spreads starting from 2.9 pips on EUR/USD and USD/JPY.

Maximum leverage goes up to 400:1.  On most commodities, however, the leverage is just 50:1. A standard lot equals 100,000 units of the traded currency pair; a mini lot equals 10,000 units; and a micro lot equals 1,000 units.  

Registration to online account is immediate. Once you fill your details, you receive an email with your password and you are ready to go.

Alvexo offers over 140 currency pairs, indices, commodities and stocks. You can trade all of the available instruments, however to trade CFDs, you have to open ECN or Prime account. And the punch line is that the minimum deposit requirement for those accounts is $5,000 and $10,000, respectively. This rule is a bit stiff, you have to agree.

Cryptocurrencies

Trading Cryptocurrencies is now one of the most popular types of investment. Rightly so too. With over 1500 coins and a total market cap of just over $500 billion this asset class is seeing massive forward momentum. With no third party involvement, lower charges and their appreciating value, traders are flocking to cryptocurrencies as a valid investment asset. Despite the number of cryptos in existence, only a handful at present hold a market capitalisation in excess of $10 billion and those are the ones drawing the most attention from trader and investors alike.

Trading Platforms

Alvexo Trading platform offers a faster, clearer, smarter way to trade via your web browser.

Instant Execution

Designed for fast order placement

Charting Suite

Get broad insights from our charting tools suite

Market Awareness

Real time asset data keeps you updated

Real Time Alerts

Execute orders quickly based on incoming alerts

Broad Asset Choice

CFDs on Currencies, stocks, cryptos*, Commodities and indices

Professional Signals

Pre-researched market signals delivered 3 times a day

On-line Account Reconciliation

Always know your precise account status

Order Management

Review your open positions and cancel pending orders immediately

Immediate Trade Exit

Manage your positions

Payment Methods

Clients can finance trading using credit cards, debit cards, PayPal, Apple Pay, Google Pay, plus popular e-wallets.

The minimum deposit is specific to the type of account held. For a Classic account, the requirement is $500, for a Gold account it’s $10,000, and for a Prime account, it’s $50,000. The broker does not charge any deposit or withdrawal fees.

Withdrawals take a minimum of 3-5 business days and wire transfers may take longer. Alvexo only enables transactions in US Dollars and Euros.

Customer Support

Customer representatives are there to tackle your issues and questions with around the clock support in English and French. You have a selection of phone numbers to call to, email address and online chat.

How was the rating of Alvexo performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FX broker performance and features. 

Overall our online Alvexo review was conducted with the details obtained from the demo trading and the Australian forex brokers website. If you would like to add details to this online Alvexo or you find inaccurate details Alvexo broker review please get in touch with us and the changes will be applied. 

Alvexo Details

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