Alvexo is a newcomer on the online trading industry having obtained their license in 2014 and began business in January 2015, we have written this “Alvexo Forex Broker Review” to give you one of the major features of an effective broker thus helping you make an informed decision before doing business with the firm.
This company is an online Forex and CFDs broker, offering a broad array of trading instruments, ranging from currency pairs to CFDs for commodities, stocks, and indices.
It is operated by VPR Safe Financial Group Limited, a limited liability company, recognized as a Cyprus Investment Firm with headquarters based in Limassol and Cyprus.
Alvexo offers four different accounts, each with varying benefits and features that appeal to all trading skill levels. This company has marked its existence by welcoming the improved regulatory regime,
which requires that client deposits should be segregated from operating capital in fiduciary accounts, that order executions follow stated guidelines, and that all trading sessions and personal data be encrypted using the latest 256-bit SSL encryption technology.
Trading Platforms
Alvexo offers three access options, all are cutting-edge, intuitive, and easy to use. You are welcome to download the popular Metatrader 4 trading platform, but if you prefer an online version, you may access the web-based version.
For traders who are frequent travelers and have to trade anywhere, the firm provides them with a mobile version of the MT4 platform.
Education
Alvexo has produced excellent training and support materials available for traders, traders at every level can find materials directed to their specific needs.
The training academy offers a host of varying features; creative animated videos and top textual articles are available for beginners and advanced traders.
Customer Support
All traders currently holding an account with Alvexo receive uninterrupted customer support 24/7 by email, fax, and telephone to a number of different locations.
The company offers multilingual support with agents on standby ready to answer questions and solve any problems.
Why choose Alvexo
Flexible Deposits and Withdrawals
Transactions are processed via major credit and debit cards or bank wire transfer, traders can also use payments such as skrill, Neteller, and much more for both deposits and withdrawals. The minimum required a deposit is $500 with accounts available in euros and dollars.
Note! There are no fees charged for deposits and withdrawals, for non-delaying withdrawals just make sure to submit your government-issued identity and proof of residence.
Competitive spreads and leverage
Spreads vary by general account classes, with the ECN option, spreads can get down to 0.1 pips for the popular EURUSD pair. Leverage is available up to 400:1 for currency pairs and 50:1 for CFD asset choices.
Flexible account types
As mentioned, Alvexo offers four account types; classic – this type of account is available for traders with a minimum deposit starting at $500 to $2499; Gold – This is the most popular account amongst traders, it is available to traders with a minimum deposit of $2500 to $4999;
ECN – The ECN account is available to traders who wish to avoid dealing desk intervention, and have a minimum deposit of $5000 to $9999; Prime – This account was designed for VIT,
the required minimum deposit for this account is anything from $10 000. In addition, the website has a unique feature which the company calls “Account generator”, this feature provides advice on which account selection is best for your style of trading.
Conclusion
Despite the company being a newcomer, it is guided by a broad base of experienced professionals, the quality of service matches up with the latest innovations by old players. They provide competitive pricing and high standard regulations.
In addition, the company’s website is very easy to navigate, available in English and French. On top of their offered education packs, Alvexo keeps track of global affairs, hence providing a precise economic calendar with current events.
The company’s motto says it all; “Swift, Secure, Smart-Trade with the assurance of a regulated broker committed to your financial success.”
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