Also, the broker can assist you with proper compliance apart from the customer support team. As the trading is carried out in CFD form, so there is no need to hold the actual trading asset or currency pairs. The clients alvexo forex trading make the profit based on the movement in the price of the underlying instrument. Not holding the actual trading asset is a big advantage in cryptocurrency trading, as there is no need to create a wallet on exchange.

All the accounts offer forex, index, commodity, and crypto trading with an additional financial instrument or asset available for Prime and Elite account holders, and that is bonds. The best features offered by Alvexo are the its learning offerings, but those must be picked through carefully to find the right ones. Regrettably, there were no real unique features discovered during our Alvexo review. Spreads and commissions are extremely high, neither trading platform provided-as-is grants traders the required edge in today’s markets, and transparency regarding key costs are absent. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

1. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.
2. Trade leveraged CFDs on popular asset classes, including stocks, indices and commodities.
3. The combination of educational materials, trading resources, and impeccable customer service gives you the impression that Alvexo is a broker that is very much customer-focused.
4. Alvexo is regulated by the Australian Securities and Investments Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities.
5. Trading is delivered through the popular MetaTrader 4 (MT4) platform that we all know and love, although Alvexo has also developed their own in-house, cloud-based WebTrader platform to supplement this.

Alvexo provides a robust, easy to use mobile app for customers for both iOS and Android devices. Through it, users can open, modify, or close existing orders, as well as view real-time profit/loss and interactive currency charts. The mobile app is a seamless extension to the desktop platform and gives users access to their entire account in an instant. As is very much the industry standard these days, Alvexo runs the highly popular MetaTrader 4 software.

All in all, Alvexo is a good broker with the necessary regulations, security, and legal measures. In order to open a classic account, a minimum deposit of €500 is required. You can only trade with this account type if you are interested in trading Forex, commodities, indexes, and cryptocurrencies. This resulted in a significant reduction of the number of assets available from the 450+ advertised previously. The broker’s Gold account is the most popular, but it requires a minimum deposit of €5,000 to open. In addition, the spread minimum has changed from 2.2 pips to 2.2 pips.

Explore the Alvexo platform and train yourself to think systematically and logically about the markets. All payments made to Alvexo by traders are securely held in a segregated bank account. Click on the ‘Deposit Funds’ button to access the deposit menu in the top right corner. Then, you can choose to deposit by credit/debit card, wire transfer, PayPal, or another e-wallet after entering the amount you’d like to deposit (€500 for Classic accounts). Platforms are increasingly using mobile applications to communicate with their users and to communicate with each other. It is now time to discuss some of the features provided by the platform, along with their respective analyses.

Technical indicators and technical tools can be used on the mobile platforms of Alvexo which is a plus. The mobile app has won Alvexo an award for the best mobile trading app in 2022. Although Alvexo is offering negative balance protection, there is a catch. The company does not apply this policy to clients who were trading during gaps or hedging with multiple accounts. It is hard to avoid gaps if the market is extremely volatile or the broker’s provided price data is not of high quality, therefore we assume the broker does not offer negative balance protection. As per our Alvexo review and research, we can say that the platform security measures include the standard security features used by many other brokers in financial markets.

Alvexo offers traders the option to choose from a wide variety of methods for deposit and withdrawal of the amount. To do this, the user must log in to the trading account and choose the deposit fund, for the deposit activity, which is located at the top of the dashboard in the menu section. On the Prime account, a minimum deposit of €10,000 is required to receive a spread reduction of 1.8 pips. For those who have the desire to get started in forex trading, you will be pleased to know that Alvexo has a large selection of currency pairs to trade.

Learn Forex Trading

At a well-managed brokerage, most traders will never require assistance. The opportunity to offer TeamViewer support could be interesting if serious assistance is needed, though traders would be rightfully skeptical about the security implications of sharing screens in this way. However, trading in certain products is subject to respective market opening times. Trading out of hours can bring with it less trading volume and wider spreads. A suite of additional features is available to facilitate education and trading.

Alvexo UK Features, Charting, and Analysis

Alvexo offers five accounts that have less-than-perfect trading conditions. Alvexo is a Forex and CFD broker that is operated by HSN Capital Group LTD. The broker is regulated in Seychelles and offers trading services to international traders. The broker has several awards for offering the best mobile trading app and has also its proprietary trading web platform. Unfortunately, there are no advanced trading platforms available at this moment and spreads are also a bit high. In addition to this, all client funds are held in segregated bank accounts with access to negative account balance protection, which safeguards the traders from any losses that exceed deposits.

Alvexo UAE Fees & Commissions

Although Alvexo’s account types offer flexibility in terms of lot sizes and leverage, the spreads are high. Therefore, Alvexo may be more suitable for professional traders with high initial capital investments. Due to the fact that Alvexo is essentially a CFD platform, its commissions are deducted from the spread per asset.

All versions feature the same advanced analytical tools with complete capabilities. Alvexo runs a volume-based commission system on three of the four account types on offer. The odd one out, the ‘Classic’ account option adopts a ‘zero commission’, approach although this account unsurprisingly comes with wider spreads.

You need to check out this broker if you are looking for a broker who offers a wide variety of asset classes and low commissions while providing extensive learning resources for traders. Since the company’s founding in 2014, Alvexo has acquired customers in over 100 countries, and its growth has been explosive. To conclude, this Alvexo review has covered everything you need to know about the trading platform, highlighting its qualities and fee structure and showing how to create an account in minutes.

What we don’t like about Alvexo

Investors are provided with high level market updates and news, by way of a blog maintained by high profile writers. The Alvexo com platform has lowered the minimum account amount to $250. One thing to note is that the Alvexo com platform does not charge any commissions or fees for deposit or withdrawal of funds, so if any amount is charged by intermediaries, it can be declined. Additionally, the regulatory rules followed by Alvexo require it to keep client deposits in a separate bank account with negative balance protection.

The education Alvexo offers is another highlighted feature since it aims to obtain long-term customer satisfaction through forex and CFD trading. Market updates consist of market trends published once per week, a daily analysis, and a weekly report. The content remains brief but is on topic, the presentation is clean, and the outcome is acceptable. 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. Since then, this broker claims to have over 650,000 registrations, a rather impressive accomplishment, but one that we could not verify during this Alvexo review.

Nuvo Unveils Nuscription: Revolutionizing Blockchain Trading

Their unique mobile trading app has more than 50k downloads on Google Play and a 3.2 star rating. The website and customer support is available in; English, French, Arabic, Spanish, German and Italian. While the company does not charge a penny for making deposits and withdrawals, it does charge fees for commissions and spreads on available tradable assets. The fees charged by Alvexo are somewhat high in contrast to other brokers in the foreign exchange industry.