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Alvexo Review

Are you looking to get started in CFD trading. Today we review one of the top trading platforms Alvexo, which is regulated by CySEC.

Alvexo review 2020

The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another.

Due to the  worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.

Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among several other reasons.

Today we will be reviewing a Forex trading platform called Alvexo. Read more to find insightful information about this platform.

What is Alvexo?

Alvexo is an online trading platform offering a range of tradable assets, multiple accounts, and varied educational resources. Here we’ll explore the broker’s trading platform, mobile app, signals offering, and more. 

Alvexo was founded in 2014 and is owned by VPR Safe Financial Group Ltd. Its headquarters are in Limassol, Cyprus, the company also has an office in Paris.

Alvexo boasts over 450 tradeable instruments and has thousands of clients worldwide, from France to Singapore and the UAE. The broker is the official partner of Norwich City FC.

Alvexo is registered with the Cyprus Securities & Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.

Alvexo


Alvexo: Trading Platforms

Alvexo offers two trading platforms – MetaTrader 4 and a web-based alternative. The downloadable MT4 platform is widely used amongst financial traders and is suitable for clients of all experience levels.

Features include:

  • 30 technical indicators & 9 timeframes
  • Graph & chart tracking
  • Customisation tools
  • Multiple order types
  • Instant execution
  • Real-time alerts
  • Market signals

Alvexo also offers an award-winning WebTrader platform with no download required. The web-based option is available on any device with an internet browser while the interface is user-friendly and easy to navigate.

Assets

Alvexo clients can trade in multiple financial markets:

 

  • Forex – 58+ currency pairs including GBP/USD and EUR/GBP
  • Indices – Trade on the world’s leading indices including the FTSE and DAX
  • Shares – Major shares available from a host of international companies such as Alibaba, IBM and Netflix
  • Commodities – Trade Brent Oil, Copper and Natural Gas
  • Cryptocurrencies – Trade on Bitcoin, Litecoin, Dash and Ethereum
  • Note only ECN VIP account holders can trade on European and US stocks.

Fees, spreads and Leverage:

Spreads vary according to the account, however, they are competitive. The EUR/USD spread starts at 3.3 pips for Classic account holders and drops as low as 0.4 pips with the ECN VIP option. Spreads on major indices such as the FTSE 100 start at 3.53 points for Classic accounts and 0.88 points for ECN VIP accounts.

Classic, Gold and Prime members enjoy a commission-free structure. Other costs include an inactivity fee equal to 10 units of the base currency and swap fees on positions left overnight.

Alvexo


Unique Features:

One of the most notable features Alvexo provides trading clients with is its highly desirable STP (Straight Through Processing) NDD (No Dealing Desk) broker model that allows clients to see very tight markets in the major currencies from the broker’s liquidity providers who act as the counterparty to transactions.

On the downside, that benefit gets somewhat offset by the volume-based commissions that the broker charges for three of their account types. Only their Classic accounts have no commissions, although clients typically pay a considerably wider dealing spread to compensate the broker.

Alvexo offers a demo account with $50,000 of virtual funding, in addition to four types of live trading accounts with different spreads, perks and minimum deposit requirements. The leverage offered by this broker ranges from 1:2 to 1:30 for each live trading account.

  • High-quality Financial technology: Apart from MT4 technology, Alvexo has developed its own in house web trader, which is the cloud-based trading platform. The inhouse design has been developed to supplement the MT4 platform. Its high efficiency of the trading system helps in managing the high risk attached with the proper assistance of the broker.
  • Best customer services: Alvexo provides excellent customer service, which is available in multilingual languages. The Alvexo team is highly supportive and makes sure that your all issues get resolved within time. To add on, the new beginner traders also get a call from the account representative, who will outline the full path for the activation of the account. In general, an account representative and broker assist a new trader for a week to explain the market signals with the risk involved in the trading.
  • Regulations: Alvexo is CySEC (Cyprus Securities and exchange commission) regulated. The company’s registration number is HE322134, while its license number with CYSEC is 236/14. Whenever you choose a brokerage platform, it is advisable to dig whole information about its administrative body and regulators. Brokering platforms, whose working is not under the supervision of a genuine and valid regulatory body, place the investor’s money at risk. And it is a more discretional option not to opt such a brokering platform.
  • The well-developed research department: Alvexo has made a good initiative to provide extensive education material to its traders. When you go to the website, there is an academy section which provides access to various educational articles, tutorials as well as analysis reports. These well-developed research material also helps to mitigate the high risk involved with broker educational options also attached.
  • 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.
  • Mobile trading: Alvexo has a very easy to use and robust mobile app which is available for both android and IOS devices. You can download the Alvexo app through both google and apple play stores. The mobile trading app of Alvexo is just an extension of the device platform, which provides all the important features required for trading smoothly. In Alvexo, mobile app users have been given the option to modify with work on trading signals, open and close the existing orders and view the real-time profit and loss. Broker assistance is available for the mobile trading app also.
  • MT4 trading platform: As all upgraded technology, Alvexo runs on a highly advanced MT4 trading platform with strong trading signals. On operating the MT4, it could be construed that it is a highly rich platform. It has been designed in a manner which caters the needs of both new and old traders. The broker will also assist you in understanding the working of the trading platform.

Deposit and Withdrawals:

The minimum initial deposit requirement of Alvexo is $500, with higher amounts required by more premium account types. Accounts are held in either U.S. Dollars or Euro, and clients are not charged for deposits or withdrawals.

The broker allows clients to make immediate deposits through popular credit cards like VISA, MasterCard and American Express, as well as debit cards, a selection of electronic wallets, and wire transfers. Withdrawals to a credit card can only be made up to the amount deposited via that card, and otherwise they need to go to a bank account.

Deposits made via credit or debit card or e-wallets generally get credited immediately to a trading account, while those made via wire transfers can take up to four days to show up.

Demo Account:

Alvexo offers a free demo of their web platform. Users will be credited with a ÂŁ50,000 virtual balance. The practice simulator is a great way for traders to try new strategies and platforms in a risk-free environment.

Official Alvexo Registration

Register your Alvexo account through CoinInsider and receive a FREE Personal Account Manager to walk you through your account setup process.

Beginner Support:

Avexo provides customer support in multiple languages via phone within the UK, Sweden, Cyprus, Spain, South Africa, France, Italy and Romania. Support, finance, compliance and market communications can also be done via email or by fax to the UK, Swiss and Cyprus offices.

One of the major plusses of dealing with this broker for novice traders is its Trading Academy that offers tutorial videos and other learning materials for both novice and more advanced traders alike.

Mobile Apps:

Alvexo offers a mobile app to facilitate on-the-go trading. The iOS and Android apps are available to download free of charge from the App Store or the Google PlayStore. Once you have your member login details, you can trade commodities, indices, forex, and cryptocurrency. The app generally receives positive customer reviews and features include:

  • Daily signals
  • Charting suites
  • Real-time alerts
  • Risk management tools

Comissions and Spreads:

Spreads vary according to the account, however, they are competitive. The EUR/USD spread starts at 3.3 pips for Classic account holders and drops as low as 0.4 pips with the ECN VIP option. Spreads on major indices such as the FTSE 100 start at 3.53 points for Classic accounts and 0.88 points for ECN VIP accounts.

Classic, Gold and Prime members enjoy a commission-free structure. Other costs include an inactivity fee equal to 10 units of the base currency and swap fees on positions left overnight.

Bonus and Promotions:

Alvexo offers a refer a friend promotional offer that awards users a $300 trading bonus upon the opening of a Classic account. Periodically, the broker also offers a first deposit bonus, the size of the which depends on the amount deposited. Always check bonus terms and conditions before you start trading.

Customer Support:

Customer support is easily accessed via the live chat function, located in the bottom right of the screen. Alternatively, the contact telephone number is +35725030482. The broker’s customer service team is friendly, helpful, and responds quickly to queries.

Safety:

Avexo is owned and operated by VPR Safe Financial Group Limited, which operates as a Cyprus Investment Firm that submits to CySEC’s oversight under registration number HE322134. Alvexo’s CySEC regulation comes under license number 236/14.

Due to its regulatory oversight, the broker must comply with the EU’s MiFID regulations and Law 144(1)/2007, so the broker’s accounts need to be kept segregated from client accounts.  If this segregation fails, then account balances are covered up to €20,000 per person by the EU’s Investors Compensation Fund.

Payment Methods:

Clients can finance trading using credit cards, those accepted include VISA, MasterCard, American Express, and debit cards (VISA Electron, Maestro, CASH-U, V-Pay), electronic wallets (QIWI wallet), or wire transfer.

The minimum deposit is specific to the type of account held. For a Classic account, the requirement is $500, for a Gold or ECN account it’s $2,500, and for a Prime account, it’s $10,000. 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.

Alvexo


Other Services

Avexo offers clients a variety of additional services that depend on the account type, with those types that require a higher initial deposit having more features.  For its four STP live account types, the basic and special features are as follows:

The Classic Account

  • Initial deposit of $500,
  • Minimum dealing size of 0.01 lot
  • Dealing spreads beginning at 3.3 pips.
  • No commissions are charged
  • Leverage of 1:2 to 1:30
  • Free trading signals.
  • Stop Out 50%
  • Margin Call 80%

The Gold Account

  • Initial deposit of $2,500
  • Minimum dealing size of 0.05 lots
  • Dealing spreads begin at 2.2 pips
  • Leverage of 1:2 to 1:30
  • Free trading signals
  • One-on-one support
  • Economic calendar
  • SMS capabilities
  • Technical analysis.
  • Stop Out 50%
  • Margin Call 80%

The ECN Account

  • Minimum deposit of $5,000
  • Minimum dealing size of 0.05 lots
  • Dealing spreads begin at 0.0 pips
  • Leverage of 1:2 to 1:30
  • Cryptocurrency and CFD trading
  • Free trading signals
  • One-on-one support from Senior Account Managers
  • Economic calendar
  • SMS capabilities
  • Technical analysis.
  • Stop Out 50%
  • Margin Call 80%

The Prime Account

  • Minimum deposit of $10,000
  • Minimum dealing size of 0.25 lots
  • Dealing spreads begin at 1.8 pips
  • Leverage of 1:2 to 1:30
  • Cryptocurrency and CFD trading
  • Free trading signals
  • One-on-one support from Senior Account Managers
  • Economic calendar
  • SMS capabilities
  • Technical analysis and reports.
  • Stop Out 50%
  • Margin Call 80%

Is Alvexo regulated?

For review, it has been found that Alvexo is regulated by the Cyprus Securities & exchange limited (CySEC), whose account license has been approved by the regulatory authority in the year 2014. As an EU member, the regulation of the European Union like cross border rules applies to Alvexo also. Therefore Alvexo has to comply with the Financial instrument directives of the EU and Anti-money laundering directive 4th edition accordingly. In review, it has found that only CySEC regulates the Alvexo trade system, but the company claims for more approvals, which cannot be authenticated. Vpr safe financial group is a registered company from Cyprus with proper authentication and regulation followed, which implies an Alvexo also.

How to open an account with Alvexo?

Alvexo, offers 5 different kinds of accounts, namely classic, gold, Prime, and ECN. All of these accounts required a different amount of size to operate. Brokers also provide the demo account trading option on the creation of accounts—the following steps needed to be followed to register with the Alvexo trade system. Also, to add on for more information, it is advisable to contact their Alvexo team for more clarity on the account.

  • Step 1: Sign up: There is a signup tab at the top corner of the Alvexo homepage for signup. On clicking the same, a form opened. It asks for details, namely name, email address, password, and phone number. After filing the information, there is a need to click on the “create“option. Now you can do the Alvexo login.
  • Step 2: Alvexo trading dashboard: Once all this information is filled up, traders are redirected to the Alvexo trading dashboard of accounts. Members can access trading tickets, charts, and signals apart from trading history, withdrawal, and drawing options for trading.
  • Step 3: Maintenance charge for trading: if the client has not opened the account for more than 3 months for trading, a monthly maintenance charge is levied on it, which is 10 units of the account currency. Alvexo follows the rules and guidelines drafted by a vpr safe financial group for it.

However, Alvexo offers a limited withdrawal option to the trader account with the strict verification process. The verification process required submission of following documents for trading –

  • Photocopy ID
  • Utility Bill
  • Bank account details
  • Government-issued ID card

Apart from that, by the EU directive, the brokers required to subscribe to investor compensation funds or CIF for the trading track record. CIF provides a protective covering to the client which states that in the case of any default by the brokering company, Alvexo for an amount up to 20,000 Euro. The regulatory norms followed by the Alvexo required it to maintain the client deposits in a separate bank account with a protection for the negative balance. So the Alvexo offers proper security of the client’s fund.

Alvexo com platform has reduced its minimum account size to $ 250, which is a welcome change. One thing to keep in mind is the fact that there is no commission or fees charged by the Alvexo com platform for deposit or withdrawal, so if you charge any amount by intermediaries, you can deny it.

Advantages:

  • Firmly regulated by exchange commission cysec
  • Well-equipped educational resources with broker assistance
  • Micro lots and CFD trading
  • STP/NDD brokerage model
  • Negative balance protective option

Disadvantages:

  • No availability for the USA
  • Not a member of FSA regulatory, as claimed
  • Limited payment methods with broker demanding commissions
  • High commission on ECN account
  • Lack of transparency to the critical accounts.

Alvexo

Conclusion:

Overall, Alvexo looks like a fairly new but well-regulated STP NDD broker that also offers clients who qualify for its ECN accounts the opportunity to trade via an Electronic Communication Network with multiple liquidity providers. Under this broker model, Alvexo does not act as a market maker or take on positions from clients itself, so that substantially reduces their conflict of interest with clients.

FAQ:

1. Does Alvexo have any deposit or withdrawal fees?

No, Alvexo does not charge any withdrawal and deposit fees. Also, to add on the broker, if you ask for any charge, it is advisable to consult the company for the same.

2. How does Alvexo make money?

Alvexo mainly collects its money from spreads, commission, and the losses of clients as a direct counterparty. It is also regulated with exchange commission cysec, so it follows strict regulation rules.

3. How can deposits into an Alvexo be made?

The deposit requires creating an account and clicking on the deposit option .There are many deposit options available like debit, credit card, or e-wallet. Also, the broker can assist you with proper compliance apart from the customer support team.

4. What is the minimum lot size for Alvexo?

The minimum trading lot size for Alvexo is available for its basic account that is for 0.01 lot size. These lot sizes increase with higher deposit account types to 0.25 lots. Broker assistance will help you to understand all aspects properly.

5. What stops Alvexo trading?

Alvexo has a stop out option which could be exercised at a 50% equity – margin ratio, which is available for classic accounts. The company does not entertain any broker charge.

CFD Glossary

Term Definition
Contract for Difference (CFD)A Contract for Difference is a well-known type of financial derivative instrument, much like indices, commodities, currencies,etc.
Contracts for Difference (CFDs) A formal agreement between two parties/people to pay the difference in price from when the contract was opened until the contract is closed.
CFD Trading Investors have the option to go short (sell a CFD) if they think a price will decrease or go long (buy a CFD) if they think the price will go up. 
MarginThe margin refers to the minimum deposit required. 
Initial MarginThe initial amount required in order to open the position. It is often also referred to as an initial deposit.
Average True RangeATR refers to the measure of market volatility over a specific period of time. 
Back Testing Back testing occurs when a strategy is put to the test, by using historical data for validation. 
Base CurrencyThe first listed currency in a pair.
Commodity CFDA type of CFD that derives its value for an underlying commodity it’s meant to track. 
Consolidation MarketA market that is stagnant, neither moving up or down. 
Currency PairForex is trading in currency pairs. It refers to the price quoted in terms of the relative values of one currency against another.
Leverage tradingAlso referred to as margin trading. The process in which an investor borrows a large amount of money from a broker to open a larger position.
Leverage ratioThe amount of leverage/money provided by a broker to trade a leveraged product. The amounts typically offered are 5:1, 10:1 and 30:1.
Maintenance marginThe amount of minimum funds needed to keep positions on the account open. 
Used MarginThe amount of money that is currently used to keep positions open.
EquityThe total value in an investors account. 
Free MarginFunds available on an account to trade with (not currently being used by open positions).
Overnight chargesA Fee charged by a broker for holding a position over night. It is also referred to as an overnight financial charge and is linked to the interest rate of the currency being traded. 
Buy position (“going long”)A long position is the purchasing of an asset, with the expectation that its value will increase. 
Sell position (“going short”) A short position refers to the sale of an asset. with the expectation that its market value is set to fall.
SlippageThe difference between a requested market price and the actual price the trade was filled at. 
Debt-To-Equity RatioThe ratio of the total debt of a company to the amount of capital that shareholders have invested in the company.
DerivativesA financial instrument that obtains its price from underlying security, index, currency pair or commodity. 
Donchian ChannelAn indicator that has two boundary lines determined by the highest and lowest points.
DowntrendA series of lower highs and lower lows in the cryptocurrency market. 
Earnings Per Share (EPS)The profit the company makes is divided by the number of outstanding shares the company has. 
Ex-Dividend DateThe very first day, a buyer of a share no longer obligated to a payment of the dividend the stock (or CFD) offers. 
ExposureThe sum total value of all your positions in the market at any particular time.
Finance Charge The price charged to hold a given position from one trading day to the next. This charge is generally calculated, based on the country’s cash rate plus a small interest charge.
Fixed-Dollar ModelA certain fixed-dollar model, where a certain amount is allocated to risk on any given day. 
Fixed Percent Risk Per TradeThis refers to a risk management model where a certain amount of money is allocated to overall trading capital. 
Forward TestingTesting a strategy in real time, while the movements in price unfolds. 
Fundamental AnalysisA method developed to evaluate the value of a company relies on financial statements, PE ratios, future growth projections and company financial statements. 
Post-market AuctionThe last available trading opportunity for the day before the market closes. 
Pre-Market AuctionThe identical matching out of prices
Price-to-Earnings Ratio (PE)Determining the projected worth of a project by dividing the current market price by the earnings per share.
Product Disclosure Statement (PDS)A document held by every financial services company, to provide to their clients regarding their products or services. This document will outline how the product in question worked, its potential benefits, and associated risks.
PyramidingA rule where traders add to their existing position(s) in an attempt to maximize the potential profits on winning trades.
Range-Bound TradingTrading in a range where the value fluctuates between two main points. The two points are typically referred to as “Support” and “Resistance.”
Return On Equity (ROE)The return a company generates based on the net assets they hold.
Return On Investment (ROI)The amount of return you’ve realized on your deposited capital.
Scaling InInitiating a trade by opening a small position in order to determine your readiness to bring it up to a normal position. 
Scaling OutGradually closing your trade as it moves in your favor or reaches some specified profit objective.
Technical AnalysisAny mathematical formulas used over the price and/or volume history of the market in an effort to determine the probable next move of any particular asset.
Volatile Breakout TradingA type of trading strategy that attempts to take advantage of short, sharp movements in the market over relatively short periods of time.
VolumeA measure of the number of shares or contracts that are solidified over a set period of time.
Trend-Following TradingA trading strategy that attempts to profit from markets that tend to move either up or down for extended periods of time. 
Trend LineA line drawn across a chart to line up successively higher bottoms in up-trending markets