Alvexo offers five distinct account types, all of which has less-than-ideal trading conditions. The Classic account requires a minimum deposit of €500 and spreads start from 3.3 pips. Only Forex, commodity, index, and cryptocurrency CFDs are granted in this account type. Therefore, the asset selection is severely reduced from the advertised 450+ assets. This broker labels its Gold account as the “Most Popular”, but it requires a €5,000 minimum deposit.
The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Alvexo is a dowmarkets reliable broker that has great offering in different assets.
These tools even include signal providers that give traders trading ideas to make analysis easier, makes trading faster, and ultimately give traders much more opportunities. Good experience on the platform which is complete and above all without lags and untimely freezes… I really appreciate the wide choice of assets including cryptos which prevents me from having to open multiple accounts. The educational section is filled with ads but does provide valuable information if traders can prevent themselves from getting distracted. Trading signals are provided free of charge and marketed with an accuracy rate of 82%, though we didn’t test them ourselves. We can say that Alvexo seems to have the makings of a good broker, but at the end of this review, we are left feeling disappointed that the execution of the broker did not live up to the hype.
Alvexo provides traders with a lot of…
I have tested many brokers over the years and I didn’t find them to have the lowest spreads or commission fees. To delete an account users will need to email a request form to The customer support team will then process the request. 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. Once you have selected Alvexo as your online trading partner, there is a wide range of instructional materials that can assist in developing your trading skills.
Alvexo also offers a proprietary WebTrader that is also available as a mobile version. There is also a generous selection of trading guides for all levels of trader. I like that they are covering a range of important topics including trading strategies, platforms, market analysis and risk management. I think it is good how each article goes into detail including screenshots for a clearer explanation. They pride themselves on being a “real broker for real traders”. I feel they have the infrastructure to cater for both retail and institutional traders alike.
Asset View
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In terms of markets, I found the range of instruments to be reasonable but not as substantial as top brokers like Swissquote who have thousands of tradeable assets. The main advantage of trading CFDs is that you can go long (buy) or short (sell) without needing to own the underlying asset. You are simply speculating on whether you think the price will rise or fall.
Alternative Brokers
Here you will need to type in your personal information, email, and contact number. Then you have to select an account type, your country’s currency, and credit leverage. There are security measures in place, like automatically generating your password, which will keep your account safe from online fraudsters. It is a form of speculative trading, with over four hundred fifty available assets in five categories. This company hosts events, conferences, and seminars in different European countries each year.
They do not transfer the money back
When clicking on the news tab above the trading chart of any asset, you’ll land on the news section created by Alvexo. The web order placement panel is exactly the same as the one in the mobile app. Alvexo’s mobile news are only available inside each asset on the News tab. At a glance you’ll be able to search assets using the top right magnifying glass or switch between your favourites watchlist, popular assets and your open positions. Alvexo have a collection of legal documents readily available for the public to download via their website.
- The information and videos are not investment recommendations and serve to clarify the market mechanisms.
- This is the sum that allows to diversify all the risks properly, I like it.Alvexo Plus deserves a separate overview, actually.
- Transactions are executed by the highest PCI-Certified service providers and servers are located in SAS-70 certified data centres.
- This would be my account of choice simply because it has the lowest spreads which is important for my trading style.
months experience
This is a really generous selection and puts them amongst the best brokers when it comes to education. 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. The Prime account requires a €10,000 minimum deposit to receive a reduction in the minimum spread to 1.8 pips. All other trading conditions remain the same, except for an increase in the minimum lot size to 0.25 lots.
I would like to see them support some of the more popular digital wallets like FXTM do. I think economic calendars are a vital tool and I often use them to see what is happening in the markets. I would prefer to have it included within the platform as I feel that this makes it much easier to check.
Another notable feature of Alvexo is its advanced trading tools and charts. The platform offers customizable charts and various technical indicators. The execution speed is commendable, ensuring that my trades are executed swiftly and accurately. One of the areas that I think the broker really excels in, is education. You can get access to a wide range of educational materials in their dedicated trading academy, including trading guides and video tutorials. These have been prepared by their team of professional economists, analysts and brokers.
For a Classic account, the requirement is $500, for a Gold account it’s $10,000, and for a Prime account, it’s $50,000. Customer service information remains scarce, and operating hours are not mentioned. Traders may call one of the toll-free numbers provided or use the webform to send a message. At a well-managed brokerage, most traders will never require assistance. There is also a dispute resolution process that can be used in case you have any dissatisfaction with services, account or activity issues.
The only significant change remains a reduction in the minimum spread to 2.2 pips. Equity CFDs remain missing, the minimum trade size has been increased from 0.01 lots to 0.05 lots, and the stop-out level is reduced from 50% to 15%. Being just a complete rookie, it was very difficult to define the best broker for my needs. I didn’t really have needs, because I didn’t know a lot about trading sphere. After I chose this broker as my first one, I started sorting its educational center right away.
This is normal part of the KYC procedure that online brokers conduct. Once the accounts team have verified your account, you will be able to fp markets review fund it using any of the convenient deposit methods and you can then commence trading. Alvexo offers users a free demo account on their web platform.