Alvexo Review

See what our users say about Alvexo Review

Do you suspect fraud? Alvexo Review

History and Background

After the financial crisis in Cyprus in 2013, many forex brokers departed the scene, especially after the Cyprus Securities & Exchange Commission (CySEC) adopted several new compliance regulations that strengthened the existing regulatory environment on this tiny island. Alvexo.com, however, is an exception. This forex broker and investment company welcomed the improved regulatory regime, sought and received licensing in 2014, and opened its doors for business in January of 2015. They are new, but experienced in the industry, and they claim that you can “trade anytime and anywhere using the latest software innovations.” The firm is operated by VPR Safe Financial Group Limited, a limited liability company, recognized as a Cyprus Investment Firm. Alvexo is headquartered in Limassol, Cyprus.

Alvexo offers a broad array of trading instruments, ranging from currency pairs to CFDs for commodities, stocks, and indices. New regulatory rules require that client deposits be segregated from operating capital in fiduciary accounts, that order executions follow stated guidelines, and that all trading session and personal data be encrypted using the latest in 256-bit SSL encryption technology. The management team elected to use the popular Metatrader4 downloadable platform, but you may also choose from their web-based trading system or go with a mobile application. Another plus is that free trading signals are updated twice daily.

There are four account classifications at Alvexo, each with escalating benefits and features that appeal to all trading skill levels. Islamic accounts and free demo trading accounts are also available. Spreads are priced by account type and can be as low as 0.1 pip with the ECN account option. Leverage for currency pairs can be as high as 300:1, while CFDs can get up to 50:1 for some asset choices. Alvexo excels in the area of support materials provided by its Trading Academy, with an abundance of training videos, trading tools, and daily market commentary prepared by in-house economists and seasoned brokers. Alvexo is a full-service broker that is committed, as per their mission statement, “to empower and educate our clients, and to offer them the best possible investment terms and environment for generating the best returns on their investment.”

Spreads and Leverage

Spreads are competitive and vary by general account classification. With the ECN option, spreads can get down to 0.1 pip in some cases. Leverage can be 400:1 for currency pairs and 50:1 for selected CFD asset choices.

Platform

Alvexo offer three access options. All are cutting edge, intuitive, and easy to use. You may download the popular Metatrader4 trading platform. If you prefer an online real-time version, then you may trade with the firm’s web-based format. For those on-the-go traders that want to trade anywhere at anytime, the firm also provides a mobile version of its trading platform, as well. The ECN Straight-Through Processing account option can also provide fixed spread pricing and immediate order execution, if your trading strategies require that level of service. Automated EAs and social trading are also supported, and all data are encrypted for security purposes.

As of April 2016 Scalping is no longer allowed.

Features

Why trade with Alvexo.com? The firm lists these reasons:

Founded and headquartered in Limassol, Cyprus;
Licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC);
Asset choices span a broad selection of currency pairs, together with CFDs for stocks, commodities, and indices;
Four account classifications with benefits that vary by type: Classic ($500 to $2,499); Gold (Most popular – $2,500 to $4,999); ECN ($5,000 to $9,999); Prime ($10,000 and up);
Unique “Account Generator” provides advice on which account selection is best for your style of trading;
Islamic and free Demo trading accounts also offered;
Clients from the U.S., Yemen, N. Korea and Iran are not accepted at this time;
Three trading platform options: Metatrader4 (Download), Web-Trader (No Download required), and mobile apps for tablets and smartphones;
Trading Academy includes extensive support for all levels of traders, from basic training videos to discussions on advanced trading strategies;
Trading tools include free market signals, technical analysis, market news, and timely commentaries;
Social trading features can be accessed via the Web-trader platform;
Deposits can be made in USD or EUR, and no withdrawal fees are charged;
Customer service reps can be accessed via mail, email, live chat, or by direct phone using one of a dozen internationally supported lines.

Deposits and Withdrawals

Major credit and debit cards or bank wire transfers can be used for deposit purposes, or you can avail yourself of several alternative payment systems if they are available in your geographic jurisdiction. Minimum deposit required is $500, which can be made in either USD or EUR. There are no fees charged for either a deposit or a withdrawal, but banking intermediaries may deduct a charge for their services independent of Alvexo. For prompt withdrawal request approval and processing, please ensure that all internationally mandated identity information has been provided and is on file.

Beginner’s and Customer Support

Customer service representatives are eager to help you “24X7”. They also can provide one-on-one support in several languages. They may be accessed via live chat, direct mail or email, or by international toll-free phone lines. Training and support materials are excellent, and every skill level of trader will find a subset of materials directed to his specific needs. These support materials include tutorials, webinars, market news and commentary, free signals, market analysis, and advanced trading strategies.

Conclusion

New forex brokers tend to stumble a bit at the outset, but Alvexo, guided by a broad base of experienced professionals, appears to have hit the ground running with a finely tuned machine. Their features and product offerings match up with the latest innovations in the industry with competitive pricing and a host of support tools that can be customized to suit your individual tastes. Trust and transparency are also ensured since they operate within the greatly improved CySEC regulatory environment, where compliance and oversight have been enhanced. The management team’s commitment says it all: “Swift, Secure, Smart – Trade with the assurance of a regulated broker committed to your financial success.”