Alvexo has a team of in-house analysts that provide a range of research reports. All are designed to help traders incorporate global current affairs into trading strategies and they are published as Daily Analysis, Weekly Reports and Market Trends. Of particular significance is the provision of 42 free ‘signals’ a month with these being quoted as being accurate 82% of the time. Thankfully it’s becoming increasingly common for brokers to offer such resources but the quality of the content produced by Alvexo separates them away from the competition. Alvexo’s mobile app (Alvexo Trader) compares very favourably to that offered by other similarly sized brokers that tend to simply display information rather than providing actual trading functionality. By contrast, users of the Alvexo Trader can execute all order types and include stop loss and take profit parameters.
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Our suite of three trading platforms has something for every kind of trader with access to over 450 global assets. Alvexo has been facilitating trade on the financial markets for over 31 years. Alvexo offers clients Forex trading, CFD trading, Spread Betting trading, and trading.
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. This broker also allows traders to use the highly popular MetaTrader 4 software developed by MetaQuotes. This platform has just about everything a forex trader could want in terms of market analysis, programmable automated trading, and the availability of third party trading software and custom indicators. Overall, our impression of the broker was positive, it is a reliable broker with good service and long years of operation. The broker is suitable for clients from different countries, the fees offered are among the lowest as well as the spreads for FX pairs.
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. Five different account types are available at Alvexo, all these provide more than ideal trading conditions.
- Alvexo is one such trading platform which has been made by fintech and market professionals.
- They do not provide live chat support, and their phone and email support can also be slow.
- The account types Alvexo offers include a free demo account in which the traders are credited with £50,000 of virtual money.
- The Alvexo trading platform allows traders to
track their portfolios and the current markets, locate trade ideas and place trades.
- 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.
- This includes; all popular currency pairs, stock market indexes, agriculture and energy commodities like Brent, Crude Oil, Corn, Coffee, Wheat and Sugar.
Alvexo has a stop out option which could be exercised at a 50% equity – margin ratio, which is available for classic accounts. 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. 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. Although this feature is not necessary or useful for more advanced traders, it is an excellent resource for beginners.
Alvexo offers the MT4 trading platform without any third-party plugins. Alvexo uses the standard security measures employed by online financial brokers. Trades are secured with 256-bit RapidSSL encryption and the entire system is fire-walled. Transactions are executed by the highest PCI-Certified service providers and servers are located in SAS-70 certified data centres.
Alvexo Account Types
There are tons of brokers out there, each offering – give or take – the same services. Here I can find a lot of extra features, trading signals, webinars, market news, and analysis tools. Yup, it’s not the cheapest service I ever encountered, but it’s well worth my dime. If you wish to trade equity CFDs in the ECN Gold account, a minimum deposit of €20,000 is required. The spreads appear to be set at 0.0 pips on the account page, contrary to information found elsewhere, although this is clearly not the case. This pair of currencies has a trading spread of 1.4 pips and a commission of $18 per lot.
Alvexo Review Conclusion
Alvexo minimum deposit is 500$, which is defined by Classic Account conditions, yet the amount is also defined by the account type you choose. Alvexo fees are depending on the account type and are commission or spread basis. Also, always consider Alvexo rollover or overnight fee as a cost, it is charged on the positions held longer than a day and may be checked directly from the platform.
The WebTrader software has an attractive and clean layout but also it’s not just about appearances as the package contains tools to help the trader respond quickly to market conditions. 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. There is an abundance of written content and videos available, and much of it is good quality.
What we like about Alvexo
On the other hand, Alvexo offers four types of accounts with varying minimum deposit requirements and trading conditions to cater to different user needs. The spreads can range from 2.9 pips for Classic accounts to as low as 0.1 pips for Elite accounts. Alvexo trading pricing is on variable spread and all costs built in it on the accounts with STP connectivity, alvexo forex trading while higher account type offers better conditions. However for ECN Account featuring raw spreads that are starting from 0 pips, but add on a commission per trade. ECN Gold account commission for EUR/USD pair is 18pt, while ECN VIP account commission for the same pair is 13 pt, and for Alvexo spreads themselves see the comparison example below.
Alvexo Forex Broker Review
With CFDs, Alvexo traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. You should take the security of your personal information seriously and check SSL encryption is enabled on the Alvexo trading platform to protect you on PC and mobile Alvexo platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Alvexo web trading platforms.
What can you trade with Alvexo?
Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. The STP NDD brokerage model gives you access to plenty of liquidity across all the liver markets with competitive spreads for the most part. All this combines to make Alvexo an easy recommendation for traders of all skill and experiences levels.
What is the minimum lot size at Alvexo?
Commission charges for equity CFDs range between $0.025 and $0.015 per share, and certain assets are priced as high as $50 per lot. This broker is a market maker and also profits from traders’ losses where it acts as the count-party to the positions taken. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.