Alvexo Review
Overview
Company Information In 2014, one new broker emerged in the industry and quickly became an internationally recognized financial services provider. The brand is called Alvexo, and the company behind it… more
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| Broker | Alvexo |
|---|---|
| Website URL | https://www.alvexo.com/ |
| Founded | 2015 |
| Headquarters | Limassol, Cyprus |
| Support Number | +44-203-5144568 |
| Support Email | support@alvexo.com |
| Support Types | Phone, E-mail, Live Chat, Social Media |
| Languages | English, French, Arabic, German, Italian |
| Minimum Trade Amount | 0.01 lots |
| Free Demo Account |  |
| Regulated | |
| Regulation | CySEC |
| Account Types | Classic, Gold, ECN, Prime |
| Deposit Methods | Visa. MasterCard, cashU, Wire Transfer |
| Withdrawal Methods | Visa. MasterCard, cashU, Wire Transfer |
| Types of Assets | Currency Pairs, Futures, Metals, Equity Indices, Stocks, Commodities |
| Account Currency | USD, EUR |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
In 2014, one new broker emerged in the industry and quickly became an internationally recognized financial services provider. The brand is called Alvexo, and the company behind it is known as VPR Safe Financial Group Limited. It’s a CIF (Cyprus Investment Firm) that is strictly regulated by CySEC (which stands for Cyprus Securities and Exchange Commission). The company is entirely licensed according to the provisions of Cap. 113 under the registration number of HE322134. Despite its youth, Alvexo managed to evolve rapidly and expand its services by providing excellent trading conditions and significant support. All the operations of the online broker are governed by top professionals and financial experts in the branch. According to various sources, Alvexo provides one of the best trading environment for CFDs and forex trading. The primary offices are located at 1, Agias Fylaxeos Street,3025 Limassol, Cyprus. The company is dedicated to providing both trading education for newbies and competitive opportunities for the more experienced clients. Also, Alvexo actively complies with all existing financial regulations and develops its services further to provide the superior solution for every customer. Also, various education materials, tools for analysis and other helpful stuff can be found on Alvexo’s website and numerous resources.
Trading Information
As we’ve mentioned above, Alvexo provides an attractive business environment for all kinds of traders. Spreads are usually associated with the account type. However, the pros can rest assured that the trading conditions are quite competitive compared to similar companies in the branch. There are four different profile variations including Classic, Gold, ECN and Prime. The spreads gradually adjust as the account is growing. For example, Classics start from 3.3 pips for major Forex pairs and the spread gets lower as the account type changes. Gold profiles benefit from spreads as low as 2.2, Prime – 1.8 pips. No commissions are charged for any of the offered financial instruments. If you wonder about the maximum leverage, its highest boundary is 1:400. Demo and Islamic accounts are provided, as well as many other extra features. VIP account holders can receive extremely useful extras, such as trading signals and email alerts. Tactics like hedging and scalping are allowed so that traders can benefit from this kind of strategies.
Trading Platforms
There are three trading platforms offered by the online broker. As you can probably guess, one of them is MetaTrader 4. It’s the finest solution for countless traders out there and leading software in the industry. MT4 is equipped with tons of tools and extra features that extends its capabilities significantly. Some of the most famous ones are EAs (Expert Advisors), technical indicators, instant order executions and various forms.
Alternatively, the clients of Alvexo can enjoy WebTrader, which is a web-based software perfectly capable of handling the trading right from the browser of any OS. It’s intuitive and quite simple to use. The benefits are numerous, such as one-click and social trading, real-time quotes and improved speed of execution.
Lastly, customers who prefer to trade from their mobile devices are can quickly download MobileTrader. It’s a well-designed application available on Android and iOS. The trading app is enhanced with advanced charting and adequate order execution.
Security and Customer Services
Alvexo is one of the many completely secure brokers. The company employs efficient SSL encryption on the website certified by GeoTrust. The encryption itself is one of the highest possible nowadays – AES_128_GCM. Also, clients can enjoy entire accounts segregation as the company employs the best practices recommended by the regulative authorities. Disputes and any other problems with the broker are handled through individual communication channels.
The customer care services are extremely well handled by trained professionals. The staff is friendly and proficient to sort out incoming clients’ issues. Six different languages are supported by the customer care department. There are various ways to contact the Alvexo’s representatives. Customers can get in touch through emails (five in total for all departments), faxes, local landlines in more than ten countries, as well as callback request form located on the websites.
Deposits and Withdraws
Most minimum deposits are set by the account type. Classic profiles require no less than $500, Gold – $2500, ECN – $5000 and Prime – $10 000. The possible deposit methods are the most common ones used in the branch. There are five options for the traders to fund their accounts, and you can easily review them in the table. Withdrawals are quite limited when it comes to methods. The only available ones at the moment are bank wire transfers and credit cards. Hidden fees and charges are not applied according to the Alvexo. However, the online broker warns that third parties may issue extra costs.
Deposit Bonus and Loyalty Program
Alvexo offers a few promotions for new and existing clients. There are no deposit bonuses and contest included. However, the online broker provides exciting money rewards on their “Refer a Friend” program. The bonus can go up to $600 for friends who register Gold account and $300 for the ones with Classic profiles. Trading signals are also offered as a promotion with accuracy around 88% according to Alvexo. The extra service is extremely helpful for beginners on the Forex markets, who want to learn by doing and also profit in the process.
Unfortunately, at this time, other bonuses are not provided. However, Alvexo is planning to launch some lucrative bonus programs and loyalty systems shortly.
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