Alvexo Reseña

On-line since: 2013
Country of origin: Cyprus
Regulation: CySEC
Payment options: bank wire transfer, bank cards, electronic wallets
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: up to 1:300
Spreads: floating

About the company:

Alvexo is a forex broker, that provides its services globally. It offers trading currencies and CFDs.

About the company. Security of funds

Alvexo is owned and managed by VPR Safe Financial Group Limited, a Cyprus investing company that is regulated by the Cyprus Securities and Exchange Commission (CySEC). The commission’s rules stipulate that the brokerage companies should keep clients’ funds on segregated accounts. Besides, the history of trades and personal data are protected with the help of the 256-bit SSL encryption.

Trading conditions

The broker provides four account types. The main distinctive feature is a size of the initial deposit. The Classic account with the minimum deposit of $500 can suit beginners.

The minimum entry threshold for the Gold account is $2,500. The welcome bonus of 25% is provided on this account type.

The ECN account with the minimum deposit of $5,000 is intended for experienced traders who work independently.

Professional traders who can deposit at least $10,000 choose the Prime account. The minimum deal size on this account is $25,000 while spreads are 1.8 pips and more.

Clients of Alvexo can use a generator of accounts that calculates the size of the initial deposit for every trader.

Additionally, the broker provides demo accounts to those traders who don’t want to risk their own funds. Besides, the Islamic accounts with no swaps are available.

Spreads and leverage

The size of spreads varies depending on the account type. On the ECN account, spreads can go up to 0.1 pip. The biggest spreads are charged on the Classic accounts (from 3.3 pips). Thus, the size of a commission depends on the size of a deposit. If you are a newbie, you’d better start with a small deposit.

The leverage can go up to 1:300 for trading currency pairs and 1:50 for CFDs.

Trading platform

Trading at Alvexo is conducted via the MetaTrader 4 platform. It is user-friendly software with a simple interface. Besides, clients can carry out trading operations via a web browser or a mobile app. Users of the platform can view their trading history as well as open, change, or close deals. Additionally, the automated trading and social trading are allowed. However, the broker prohibits scalping.

Extra services

Alvexo provides its clients with weekly market analysis and daily reviews of global financial news.

Experts and analysts of the company prepare timely reviews as well as analysis of the upcoming tendencies.

The economic calendar gives updates on the key financial events from all over the world. Besides, the broker has accounts on social networks, such as Twitter, where it also publishes news.

The broker’s website contains a plenty of educational materials which can be useful to both beginners and experienced traders.

The educational section includes articles and animated video tutorials.

Besides, the website has a financial glossary, where clients can find definitions of forex terms, and the FAQ section which provides answers to the most frequently asked questions.

Bonuses and campaigns

Alvexo holds the Refer-a-Friend campaign. Participants of this campaign can get bonuses for referring their friends. The size of the bonus depends on what account type a friend registers. Thus, for opening the Classic account, a referrer gets $300 while for the Gold account, the bonus is $600.

Additionally, the welcome bonus is provided to every new client.

Client support service

The client support service of Alvexo can be contacted by email, fax, or phone. The service works 24/7. Besides, clients of the broker can ask their questions in a live chat.

The website is available in English and French.

Payment methods

Clients of Alvexo can top up their accounts via bank wire transfers, bank cards, or electronic payment systems. The broker does not charge any fees for transactions but banks or payments systems may take commissions. The depositing currencies are USD and EUR.

Pros:

• the broker is regulated;
• Islamic accounts and demo accounts are available;
• a wide choice of account types.

Cons:

• high spreads on the Classic account;
• little information about trading CFDs.