Alvexo Review 2024 : Is Alvexo Broker Best For You?

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Alvexo trading site was founded in 2014 under the ownership of VPR Safe Financial Group Ltd. The popular broker, Alvexo, is headquartered in Limassol, Cyprus, but has an office in Mahe, Seychelles. Alvexo’s website boasts more than 450 tradable assets and thousands of experienced traders worldwide, including France, the UAE, and Singapore. The multi-asset broker is registered and regulated by CySEC (Cyprus Securities and Exchange Commission) and Seychelles FSA (Financial Services Authority). The global operation of Alvexo is operated by HSN Capital Group Ltd, regulated by FSA.

Alvexo Overview

Official Website
Headquarters Limassol, Cyprus
Founded Year 2014
Regulated CySEC, FSA
Product Offered Forex, CFDs, Shares, Commodities, Indices, Cryptocurrencies
Minimum Initial Deposit Account Specific, Starting From €500 for Classic account
Maximum Leverage 300:1
Islamic Accounts Yes
Demo Account Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
Trading fees Yes
Inactivity fee Yes
Withdrawal fee No
Supported currencies Cryptocurrency – BTC, BCH, LTC, ETH, XMR, XRP, DASH
Fiat – EUR, USD, GBP
Customer Support 24*5 via Email & Phone Support

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This Alvexo review will discuss the platform’s advanced and additional features, services offered, pros and cons, multiple trading platforms, market instruments, financial instruments directive, leverage, fees, bonuses, partnership program, & many more.

What Is Alvexo?

Alvexo trading platform is a forex and CFD trading website established in 2014. Alvexo’s services include being one of the top brokers with more than 650,000 registrations, which is quite an impressive accomplishment compared to other brokers. The Alvexo offers CFD trading in more than 450 tradable assets across 5 categories. It is worth mentioning that the technology used by this CFD broker fulfills an important role in the trading environment.

Alvexo Platform - User Interface

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Alvexo online trading lacks social trading and copy trading features. It has a rich research department with adequate educational materials, hosts various annual events, and offers clients the leading MetaTrader 4 trading platform in addition to its proprietary WebTrade. The education Alvexo offers is another highlighted feature since it aims to obtain long-term customer satisfaction through forex and CFD trading.

Alvexo User Experience

According to this Alvexo broker review, the Alvexo platform is a Cyprian investment firm. Alvexo has one of the best beginner-friendly user interfaces across all platforms. Unlike most top forex brokers present in the market, Alvexo has a notable Account Generator feature that helps users to decide what account type they wish to own. It asks them to enter certain data such as risk tolerance, investment style, experience level, skill set, and investment goals. Based on the answers, the broker makes recommendations on account types that best suit the investors and also suggests the number of investments made; thus, chances for safe trading increase.

Although this feature is not necessary or useful for more advanced traders, it is an excellent resource for beginners. According to this Alvexo review, this feature is extremely useful as it provides a guide to beginners with a stepwise new trading account set-up process.

Alvexo User Benefits

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All new trading accounts receive a call back from a representative who answers customer queries and outlines a guide toward the complete activation of the Alvexo account. This callback is designed to handle inexperienced clients and aims at developing their skills instead of advising them to start trading with immediate effect.

Alvexo offers a demo account that provides access to certain products. Still, the complete set of instruments is available only to those investors & other traders who complete the second registration phase. The second phase includes certain form filling and a minimum cash deposit.

Features of Alvexo

Negative Balance Protection

One of the notable features of the Alvexo company is negative balance protection. This feature ensures that the clients never lose more money than they initially invested with this company.


European Alvexo trading is leveraged at 30:1, whereas users who operate under the regulations of the Financial Services Authority can enjoy a high level of leverage capped at 300:1. Note that the leverage must be used only when the users comprehend the risks involved in forex and CFD trading.

Alvexo Customer Support

The multilingual Alvexo customer support team operates from Monday to Friday, 9 AM to 6 PM. In addition, the users can get in touch with the support team on a phone call or via email. There is no live chat option on the official website of Alvexo.


Alvexo is a legit broker. Trading CFDs and forex on this great platform are completely safe and secure. The Brokers is owned and operated by VPR Safe Financial Group Limited. The company provides financial services regulated by Cyprus Securities and Exchange Commission (CySEC). The global operation of Alvexo is operated by HSN Capital Group Ltd under the regulation of the Seychelles Financial Service Authority (FSA). Both arms provide negative balance protection, but the fund protection schemes and leverage rates somewhat vary.

Features of Alvexo

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Although Alvexo provides an impressive range of financial markets and award-winning trading platforms, the broker company has not yet received any rewards.


Alvexo Brokers boasts more than 450 financial instruments with thousands of registered traders from around the world, including UAE, Singapore, and France.

Services Offered by Alvexo

Alvexo investment services include delivering an A-Z trading experience with more than 450 assets that range from forex, stocks, indices, commodities, and cryptocurrencies. The primary concern of Alvexo is to provide security for client funds by adhering to industry standards.

With cutting-edge technology, Alvexo allows users to achieve faster access to global financial markets on any of its popular trading platforms and mobile app. All versions feature the same advanced analytical tools with complete capabilities.

Alvexo services excel in providing a comprehensive variety of daily free signals, market signals, webinars, analysis, market news, and e-books to enhance the requirements of the traders and to allow them to make intelligent and informed decisions in the global financial markets.

Services Offered by Alvexo

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Is Alvexo Regulated?

Alvexo Brokers is operated and owned by VPR Safe Financial Group Ltd., a Cyprus investment firm, under the company registration number HE 322134. The broker company is regulated by the CySEC with license number 236/14.

Alvexo Review: Pros and Cons

Pros Cons
Extensive educational materials for both beginners and advanced traders. Do not offer an expert advisor.
Wide range of financial instruments and markets. No MT5 trading platform is available.
Competitive spreads and tiered account options. High minimum deposit requirements.
Regulated by the Cyprus CySEC and Seychelles FSA. Lacks charting package.
Advantages of trading signals, trading strategies, and daily market analysis.

Benefits of Alvexo Broker

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Types of Alvexo Trading Platforms

Alvexo MetaTrader 4 Platform

Among the multiple trading platforms offered by Alvexo, the most popular and award-winning platform is the MetaTrader 4 trading platform. It has a downloadable option, and it is most commonly used for trading CFDs and forex among financial traders. MT4 is widely suitable for traders of all experience levels as it is both beginner-friendly and suitable for advanced trading strategies. The Alvexo MT 4 platform includes the following features:-

  • Chart and graph tracking
  • 9 timeframes
  • 30 technical indicators
  • Customization tools
  • Multiple order types
  • Real-time alerts
  • Instant execution
  • Market signals

MetaTrader 4 is one of the most trusted and respected platforms preferred by most traders today. It is an extremely robust and feature-rich trading platform with welcoming functionality for new clients and advanced functionality to cater to the requirements of the more advanced market participants.

The platform is a feature-rich and highly robust trading platform that has functionality that is welcoming to new traders but also contains enough advanced functionality to satisfy the needs of more experienced market participants.

Alvexo MT4 Platform

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Alvexo Web Trader

Another popular award-winning trading platform offered by Alvexo is the Web Trader platform which requires no downloading. It is a web platform with a stable internet connection on every smart device. The interface is beginner-friendly and easily navigable. It has a clean and attractive layout and advanced tools to help traders respond instantly to market conditions.

The built-in trading tools are compatible across multiple devices and offer a more robust trading experience. The software is designed to supplement the existing MetaTrader 4 platform, allowing traders to manage investment portfolios, perform technical analysis, and set necessarily real-time price alerts.

Alvexo Web Trader

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Alvexo Mobile App

Alvexo also offers a mobile app for mobile trading with which traders can trade currencies and CFDs on the go. The Android and iOS mobile apps can be downloaded for free from the Google PlayStore or the Apple App Store. Once an Alvexo trader has the member login information, he can trade commodities, forex, CFDs, indices, shares, and cryptocurrency on the mobile platforms. Generally, mobile apps receive positive user Alvexo reviews, and they include the following features:-

  • Real-time alerts
  • Charting Suite
  • Daily signals
  • Risk management

Alvexo Mobile App

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Market Instruments by Alvexo

To review the Alvexo site, users can trade in the following financial markets:-

  • Forex – Alvexo offers over 58 currency pairs that are the most commonly traded, such as GBP/USD, EUR/USD, and EUR/GBP.
  • Indices – CFD indices trading, including DAX and FTSE, is another instrument at Alvexo.
  • Shares – Alvexo provides the opportunity to buy, sell and trade stocks from major European and US stock exchanges such as NASDAQ, NYSE, London Stock Exchange, and many more. There are thousands of companies to choose from and a complete trading suite in which the traders can choose the platform as their portal to the investment markets.
  • Commodities – The multi-asset trading platform Alvexo also offers commodities trading, for example, Brent oil, natural gas, copper, and many more.
  • Cryptocurrencies – Cryptocurrency CFD trading includes Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, to name a few.

Market Instruments by Alvexo

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Range of Trading Instruments

Alvexo offers different assets across its MetaTrader 4, its proprietary platform, Web Trader, and mobile app. All in all, the broker offers over 450 financial assets that can be grouped into the following classes:-

  • Forex – 58+ forex currency pairs such EUR/GBP, EUR/USD, and GBP/USD.
  • Indices – Clients can trade on the leading indices in the world, such as the DAX and FTSE.
  • Shares – Major shares offered from a group of international companies, including Alibaba, Netflix, and IBM.
  • Commodities – Copper, Trade Brent Oil, and Natural Gas.
  • Cryptocurrencies – Trade on major crypto coins, including Bitcoin, Dash, Litecoin, and Ethereum.

Note that only ECN account such as the ECN VIP account holders can trade on US and European stocks.

Risk Warning:- Traders need to think twice while trading online on any instruments, as prevention is better than cure.

Alvexo Account Opening Process

The account opening process at Alvexo is simple and straightforward. Any account can be opened via an online application, which is a standard procedure in the brokerage industry. A quick form fill-up includes entering details like name, email ID, a unique password, submission of ID documents for account verification, and a small deposit required by the site. The amount of min. deposit requirement depends on the account type chosen by the trader.

Some essential documentation is required to prove the identity of the new user, which is a regular KYC ID check-up. This mandatory KYC regulation is a standard practice with which Alvexo provides a secure financial environment to its users.

Once all the information and documents are submitted by the new user, the bank office then verifies them according to the regulatory requirements. ID documents include a copy of any government ID and proof of residential address. New users can also open a free demo account to become more experienced and better acquainted with the features and functionality of Alvexo forex trades before they start trading with the Alvexo trading assets and depositing or withdrawing funds from the broker.

Alvexo Sign Up Process

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Types of Alvexo Accounts

The account types Alvexo offers include a free demo account in which the traders are credited with £50,000 of virtual money. There is a practice simulator that acts as an excellent way for the traders to experiment with new trading strategies and the different trading platforms in a risk-free forex trading environment. Alvexo offers five accounts that have less-than-perfect trading conditions.

Apart from the demo account Alvexo offers, there are the popular Classic, Gold, Prime, and Elite accounts among the five types of accounts. The Classic accounts offer wider spreads starting from 3.3 pips, whereas the Elite account offers tighter spreads at 01. Pips. 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.

Among all the account types the Alvexo platform offers, ECN account, both the ECN VIP and ECN Gold account, is quite popular among retail investor accounts. It requires quite a high minimum deposit of €10,000. The ECN Gold account does not offer equity CFDs trading, and the minimum lot size is increased from 0.01 to 0.05 lots.

Types of Alvexo Accounts

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The min. deposit for the Prime accounts is set at a much higher level at €50,000 with much tighter spreads and additional complex CFD instruments. The ECN VIP account or the Elite account is the only account where all the instruments are available. Still, the minimum deposit varies, and the brokers ask the clients to contact the alvexo team to know more about it.

Account type Classic Account Gold Account Prime Account Elite Account
Minimum Deposit €500 €10,000 €50,000 Varies
Spread 3.3 pips 2.2 pips 1.8 pips 0.1 pips
Asset Currencies, Commodities, Indices, Cryptocurrencies Currencies, Commodities, Indices, Cryptocurrencies Currencies, Commodities, Indices, Cryptocurrencies, Bond’s, Stocks Currencies, Commodities, Indices, Cryptocurrencies, Bond’s, Europe & US stocks, Cannabis stocks
Leverage 300:1 300:1 300:1 300:1
Minimum Deal Size 0.01 lot 0.05 lot 0.1 lot 0.25 lot
Stop Out Level Up to 15% Up to 15% Up to 15% Up to 15%
One-on-One Support (monthly) Up to 1 Up to 3 Up to 5 Unlimited
Alvexo Plus 30 days 60 days 120 days Lifetime
Margin-call Email No No Yes Yes
Margin-call SMS No No Yes Yes
Meeting session No No No Yes
Senior Account Executive Direct Line No No No Yes

Alvexo Leverage & Margin Requirements

While using the trading assets at Alvexo, the traders may use the platform’s powerful tool leverage that may potentially increase the profits through the possibility to multiply initial account balance. It is important to ensure that the traders know how to use leveraged products and tools smartly since high leverage means capital is at risk.

Alvexo leverage levels are based on the financial asset, the risk appetite of the trader, and also on the regulatory restrictions. For example, suppose a trader trades with the European Alvexo entity, which is regulated by CySEC. In that case, he can use lower leverage capped at 30:1 for major currency pairs like EUR/USD, 20:1 for minor currency 10:1 for commodity trading.

Alvexo Spreads & Commissions

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The Seychelles branch may offer even higher leverage of up to 400:1 for a few major forex currencies. Worth checking, these leverage levels of Alvexo brokers carries a high-risk potential of substantial losses hence treating currencies and forex with complete knowledge about the market trends.

  • 30:1 major currencies (European residents only).
  • 10:1 for commodities (European residents only).
  • 20:1 minor currencies ((European residents only).
  • 400:1 for major currencies (Seychelles residents only).

Alvexo Fees

Alvexo fees are competitive. Although the company does not charge a penny for making deposits and withdrawals, it collects fees from commissions and spreads across available tradable assets. The fees Alvexo charges are high compared to other brokers in the forex industry. Commission charges for trading equity CFDs may vary from $0.015 to $0.025 per share, whereas for other assets, the costs may be as high as $50 per lot.

The broker is a market maker who makes additional profits from the losses of its traders by acting as a counterparty to the open positions. Spreads may vary based on the account type, but they are extremely competitive. The Classic account spreads start at 2.9 pips, and it falls to as low as 0.1 pips for Elite account holders. The spreads on indices like FTSE 100 start at 3.5 pips for Classic account and 0.88 pips for Elite account.

The website provides a commission-free trading structure for all Classic, Prime, and Gold members. An inactivity fee may also be applicable equal to 10 units of the base currency. Alvexo also charges swap fees on overnight positions or positions left overnight.

Alvexo Deposit & Withdrawal Methods

Deposit Options

There are a range of payment methods supported by Alvexo as the traders transfer from the demo account to the live trading account. The funding methods include debit cards, credit cards, bank transfers, and other electronic payment methods.

Traders can fund their trading accounts using the following funding methods:-

  • Credit cards (Visa, American Express, MasterCard)
  • Debit cards (Visa Electron, Cash-U, Maestro, V-Pay)
  • Bank or wire transfers
  • Electronic wallets (QIWI wallets)

Alvexo Payment Methods

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Withdrawal Options

Traders can use the same payment methods to withdraw their funds from the Alvexo brokerage site. The withdrawal options are:-

  • Credit cards (Visa, American Express, MasterCard)
  • Debit cards (Visa Electron, Cash-U, Maestro, V-Pay)
  • Wire or bank transfers
  • Electronic wallets (QIWI wallets)

Alvexo Bonuses & Promotions

Among the various bonuses and promotions that Alvexo offers, the most popular one is the welcome bonus given to traders who register at Alvexo for a real trading account. This bonus is worth a $300 deposit bonus which means that the traders need to maintain a minimum deposit after opening a Classic trading account. Demo account holders must note that these bonuses are not available for them. Alvexo also offers referral bonuses that allow current traders to earn great rewards by referring a friend or relative to the broker.

Alvexo offers various bonuses at different times. Hence, it is highly recommended to check the official page for updated information on the broker company’s terms and conditions, bonus programs, rewards, loyalty prizes, and the company’s monitoring procedures.

Alvexo Partnership Programmes

Coming to the Alvexo Partnership Programme, the partner’s experience is exactly what most affiliates look for. All Alvexo partners can convert their traffic, ensure that they get payments on time, with huge payouts, and also have a dedicated account manager who ensures a win-win situation for all. Alvexo Partnership Programme’s mission is to develop a long-term business relationship with the partners and their referred clients.

The Partnership program includes the following:-

  • A professional broker with 6 years of industry experience.
  • Customizable and flexible payouts and commission structures.
  • Innovative marketing tools to achieve the best audience and conversion rates.
  • Lightning speed payouts.
  • 24×5 multilingual live support with professional team members.
  • Cutting-edge technology with complete transparency.
  • Personal account manager to ensure the complete satisfaction of the clients.

Alvexo Partnership Programmes

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Resources Offered by Alvexo

As per this Alvexo review, the website offers education and research to all traders. The research field includes market updates, an economic calendar, trading signals, trading calculators, and blogs. On the other hand, the education segment includes tutorials, articles, a FAQ section, and a glossary. Market news and trends are published every week and other market updates such as daily and weekly reports.

Alvexo comes with a Trading Academy, which is one of its best features with an abundance of videos and written content. To enjoy this feature, click on ‘Start Learning’ and select any video tutorials and articles. The academy is built to educate new clients on trading activity pattern, chart-based trading, how to comprehend daily analysis, and offer investment advice, to avoid the risk of losing real money.

According to this Alvexo review and other forex broker reviews, there is still sufficient room for the broker company to improve its research and academic atmosphere and make it less marketing-focused.

News by Alvexo Plus

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About Alvexo Plus

Additional Alvexo Plus services are also available to all users at Alvexo. The services include Trading Central, academy, Financial Web Tv with the latest news, webinars, trading signals, e-books, economic calendar, economics events and breaking news. Traders can enjoy the Alvexo Plus service based on the account type.

The Classic account holders get access to Alvexo Plus for 30 days with 1 personal consultation with a specialist. Gold account holders can access Alexa plus for 60 days with 3 personal consultations with a specialist every month. Prime account holders can access Alvexo Plus for 120 days with up to 5 personal consultations per month. For Elite account holders, lifetime access is offered.

Alvexo Supported Country

Alvexo is a global financial broker available in 194 countries, including Australia, Canada, Thailand, South Africa, the United Kingdom (UK), Hong Kong, Singapore, Germany, France, India, Italy, Sweden, Norway, United Arab Emirates, Denmark, Kuwait, Saudi Arabia, Qatar, Luxembourg, Europe, Oceania, and many other countries. Traders from Israel and the United States are not allowed to invest and trade forex and CFDs with Alvexo.

Alvexo Security Measures

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. All trades are safely secured and encrypted with 256-bit RapidSSL encryption, protocols, and firewalls. The transactions at Alvexo are processed by the leading PCI-certified service and payment provider whereas the servers are situated in SAS-70 certified centers.

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. According to Alvexo, the company offers financial service through HSN Capital Group Ltd., and it is regulated and authorized by two leading regulatory bodies, including Cyprus Securities and Exchange Commission (CySEC) and Financial Services Authority (FSA). All in all, Alvexo is a good broker with the necessary regulations, security, and legal measures.

Alvexo Regulations


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Alvexo Customer Support

Alvexo customer support or compliance department can be easily accessed through their live chat function, which can be found right at the bottom of the screen. The official website also provides its customers with contact numbers of the different offices in the United Kingdom (UK), France, Romania, Spain, South Africa, Italy, and Sweden.

Customers can also reach the support team at 1 Agias Fylaxeos street Limassol, 3025 Cyprus. Any trader with a query regarding the platform’s features, fees, bonuses, and functionality can get in touch with the broker’s customer support for assistance. All in all, the support team is quite friendly, extremely responsive, and efficient in problem-solving.

Alvexo Customer Support

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Alvexo Review: Conclusion

To sum up this Alvexo review, the site is one of the most suitable options that support both beginners and experienced traders who search for well-designed investments and trading and investing features. Being under the regulation of the leading license provider and various regulatory bodies, the brokerage firm is one of the best options to get real experience in the forex trading world. And it is not a SCAM!

The website is enriched with advanced tools, forex and CFD assets, market news, and comprehensive research and education that allows traders to make informed decisions with the help of account managers provided by the website. The broker performs STP execution with a broad range of account types and an ECN account feature which is excellent for algorithmic and active trading. Kindly note that hedging, guaranteed stop loss, social and copy trading are not available at Alvexo brokers.

Alvexo Services

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Is Alvexo Legitimate?

Alvexo is regulated by the Cyprus Securities and Exchange Commission and Seychelles’ Financial Services Authority. These strict guidelines make Alvexo a legit online forex and CFD broker and not a scam.

What Is the Minimum Deposit for Alvexo Brokers?

The minimum deposit requirement is account-specific. For Classic accounts, the min. The deposit is €500; for Gold, it is €10,000; for Prime, it is €50,000; and for Elite, the minimum deposit varies. Note that Alvexo does not charge any transactions, deposits, or withdrawal fees compared to many other broker companies.

How Does Alvexo Broker Make Money?

Although Alvexo Brokers does not charge deposit or withdrawal fees, it makes money from commissions, spreads as well as client losses by acting as a direct counterparty and a market maker.

Is Alvexo FCA Regulated?

Alvexo is operated by VPR Safe Financial Group Limited, and it is regulated and supervised by the Cyprus Securities and Exchange Commission with a 236/14 license number, approved in 2014. Hence, it is not a scam. The platform is not, however, regulated by FCA (Financial Conduct Authority).

Does Alvexo Offer Islamic Accounts?

Yes, Alvexo forex and CFD broker offers an Islamic account in the interest of the traders who follow the Sharia Law.

Risk Warning:- CFDs are complex instruments with a high risk of losing money due to leverage. 72% of the retail investor accounts lose money during CFD Alvexo trading. Consider investment objectives and understand how forex and CFDs work and whether you can afford to bear the high risk of losing your money. All information contained in this Alvexo review is for informational purposes and does not constitute financial advice.

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