Top Options
90/ 100
Type of Broker: Forex, CFD
Regulated: EU Regulated via CySEC
Min Deposit: $500
Min Trade Amount: 0.01 pips
US Clients:
Bonus: Up to 25% Welcome Bonus
Number of Assets: 100+
Leverage: 400:1
Free Demo Account:
Trading Platform: MT4, Sirix WebTrader|Mobile Platforms
Types of assets: Forex, CFDs
Payment METHOD NAME Charge Time
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
Swift 8-10% Immediately

Screenshots

Full Review

Alvexo is a forex trading broker owned and operated by VPR Safe Financial Group Limited, a Cyprus-based investment firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 236/14.

Alvexo was established in 2015 and its headquarters are located at 1, Agias Fylaxeos street, 3025 Limassol, Cyprus. Alvexo is currently available in English, French, Arabic, and German languages.

Promotions and Account types

At Alvexo, traders can expect to receive a welcome bonus of up to 25% depending on the account type. Traders can choose amongst four account types which are purely determined by the level of deposit.

Classic Account: This is the basic trading account for beginners and it requires a minimum deposit of $500. The minimum deal size is set at 0.01 lots while spread begins at 3.3 pips. Traders can access a leverage of up to 400:1 and can also expect to receive an educational bonus of 15% plus 100% access to free signals.

Gold Account: This account type is meant for experienced traders who deposit at least $2,500. The minimum deal size is set at 0.05 lots while spreads begin at 2.2 pips. Traders of this account type also get a welcome bonus of 25% and get access to dealing room’s daily dose, 1-on-1 support, economic calendar via SMS plus the rest of the benefits/features accessible to Classic Account holders.

ECN Account: This account type gives access to direct trading. It is meant for dedicated professionals who deposit at least $5,000. Spreads for this account type begin from 0.0 pips and traders also get a direct line to dealing room plus the rest of the benefits/features available to Gold account holders excluding the bonus.

Prime Account: This is an advanced trading account created for serious investors who deposit at least $10,000. The minimum deal size is 0.25 lots while spreads begin from 1.8 pips. Traders also get free trading signals via SMS as well as technical analysis reports plus the rest of the benefits/features available to ECN account holders.

Trading Platforms

Traders at Alvexo can trade across three different platforms: the WebTrader platform, the MT4 platform, and the mobile platform.

Mt4 Platform: The MetaTrader 4 platform is the world’s leading forex trading platform. Alvexo traders can easily download the platform via the broker’s website upon which they will be able to use different methods of trading. With MT4, traders can auto trade using Expert Advisors, put limit orders, utilize stop loss and take profit limits as well as, trailing stops.

The MT4 platform also provides access to breaking financial news and traders can also code their own EAs to help automate trading.

The WebTrader Platform: This platform has been developed to allow Alvexo traders quick access to trading opportunities without to rely on their desktop trading platform, the MT4. With the WebTrader, you can trade from anywhere as long as there is a computer around. You do not have to be at your own computer.

This platform also has various trading tools including charting tools and news, as well as, the ability to place limit orders and apply stop loss and take profit limits, among other functions.

Mobile Trading Platforms: Given the current technological trends, everything is trying to embrace the paradigm shift towards mobility. From marketing to selling, and now, provision of various services and support, such as financial trading, brokers are developing mobile trading apps for iOS and Android devices. Alvexo has adapted to these changes quickly having launched its own mobile trading apps concurrently with its web and MT4 platforms when it began operations.

Its mobile trading apps are equipped with certain trading tools in such a way that you may not notice that you are trading via mobile platform rather the main desktop platform.

Trading Tools and Resources

Alvexo has developed a platform that caters for more than just the regular trading activity. At Alvexo, traders can rely on the broker’s wide array of trading tools and resources including weekly market reviews, which they can use for trading insights, as well as, economic calendars.

Alvexo has also developed a range of calculators, which traders can use when coming up with various trading strategies and risk analysis. Traders can use the pip calculator, margin calculator, profit calculator, and currency converter to determine exactly how much they can invest per trade depending on their risk appetite levels and profit targets, as well as, account currency.

At Alvexo, traders also have access to free trading signals which they can use to generate trading ideas when they do not have the time to do a tedious analysis.

Traders can also enhance their trading skills via the trading academy which among others provides learning tools in the form of videos, and e-Trading courses, as well as, glossaries and a comprehensive FAQ about trading on the platform.

Deposits and Withdrawals

Traders can deposit funds by clicking on the button at the top of the browser and selecting the deposit method of their choice. The two primary deposit methods are Wire Transfer and Credit/Debit card.

In order to make a withdrawal, traders must verify their identities/physical address via the various options as well as confirm credit/debit card information.

Support

Traders can contact Alvexo support via Telephone, Fax, Email, Live Chat and Contact form.

Email: [email protected] plus others for various departments.

Fax: +357-24030119 plus two more for UK and Switzerland.

Telephone: +357-250-30564 plus more for various locations.