As a tech-oriented trading platform devoted to offering its clients a seamless and rewarding trading experience, the Alvexo trading platform performs quite well in many key respects. It can deliver fast and secure market executions and financial transactions in a safe and secure way, under standards set by its two regulators. However, its scope of coverage is quite limited, as it still doesn’t operate in most countries outside Europe. Operating this account grants traders access to commodities, indices, and currencies, and no more than a single 1 on 1 support session every month.
Alvexo Deposits and Withdrawals
The Asia Forex Mentor evaluation criteria are based on the following points. However, they don’t have the lowest spreads or commission fees that I have come across. I think they could also improve by introducing the MetaTrader 5 platform and some more payment options. I would have liked to have the option to contact support over live chat. The minimum deposit is quite high at $500, considering brokers like Trade Nation let you get started with $500.
Security of Funds
- Moreover, because the platform allows you to test out new strategies taking into account all possible costs, experienced traders may find this type of account just as helpful if not more.
- The Alvexo Demo account is virtually funded but it is not indicated if it is virtually funded.
- You are simply speculating on whether you think the price will rise or fall.
Moreover, there is also the feature of negative balance protection for traders to minimize investment risks. These days brokers pay a lot of attention to strong and efficient customer support teams to ensure maximum customer satisfaction. For this reason trading platforms usually offer multiple and convenient ways to contact support. However, to contact customer support at Alvexo there are only two methods.
Furthermore, he informs others that he’s been trading professionally since 2015, and never in his life had had an experience quite as bad as this one. Again, just like Reddit users, Quora users too did not hold many discussions about the broker. With that being said, one Quora user, who also claims to be an experienced trader, did find the brokerage firm to have a lot of good things about it. Trading CFDs involves a significant risk of loss that may not be suitable for all investors.
Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies alvexo forex broker we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report.
Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis. Alvexo complies with international regulations and does not offer its services to residents of certain countries due to legal restrictions or regulatory requirements. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care.
The broker, at the time of writing, does not have an affiliate program. However, they do host many events for their clients to interact with their account managers and learn more about the trading world. A client reserves the right to withdraw their funds at any time they deem necessary. Alvexo will process your withdrawal request within 24 hours, regardless of the payment method. It is worth bearing in mind that depending on the payment method that the withdrawal request will be carried out in, the minimum withdrawal amounts may vary.
XM Review
In contrast to trading fees, non-trading ones accrue due to non-trading activities on a trading platform. Alvexo non-trading fees are minimal and typically won’t burn a digital hole in your account. As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty. Some Forex brokers offer their own custom trading platforms for order processing and research, but many provide order access through integrated trading and research programs.
Available Assets at Alvexo
- Rates, terms, products and services on third-party websites are subject to change without notice.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
- All in all, Alvexo offers a highly inclusive and supportive trading environment that caters to traders of all levels and to a variety of trading strategies.
- Clients should be able to deposit/withdraw via a payment method that they are mostly comfortable with.
Alvexo was founded in 2014 as a brand of VPR Safe Financial Group Limited, a CIF (Cyprus Investment Firm) company. For starters, the broker has a very diverse social media presence, operating on Facebook, Instagram, and Twitter, as well as Youtube and LinkedIn. It’s also reachable through other channels like email and telephone calls, which are supplemented by an FAQ section. There is also a live chat function that requests the user to input their email to connect with an agent, but it doesn’t seem to do anything. Additionally, the response times on email don’t seem to be impressive, as responses may sometimes take between a couple to several days. Depending on the kind of account, the first deposit must be at least $500 for Classic Accounts, $2,500 for Gold or ECN Accounts, and $10,000 for Prime Accounts.
Alvexo offers an award-winning web trader platform with no download required. The web-based solution is available on any device with an internet browser while the interface is user-friendly and easy to navigate. The minimum deposit for this broker is $ 500 and can be made in EUR or USD.
I don’t always want to switch on my laptop just for a quick glance at the markets. The app lets me keep the markets in my pocket at all time and take them with me wherever I go. As a regulated broker, Alvexo must abide by strict financial requirements that include regular internal auditing and external monthly monitoring by a certified public accountant. The company is a member of the Investor Compensation Fund (ICF) and is subject to maintaining minimum capital requirements.
However, we will concern ourselves with their proprietary platform, the Alvexo Webtrader. This practice account option is most easily accessible on Alvexo’s MT 4 platform and should be the first point of call for new traders. HSN Capital Group Ltd, regulated as a securities dealer by the financial services authority of Seychelles with license number SD030 located at HIS Building, Office 5, Providence, Mahe, Seychelles. The minimum first deposit depends on the account type – the equivalent of $500 for a Classic Account, $2,500 for a Gold or ECN Account, and $10,000 for a Prime Account.
Very few Reddit users held conversations about the broker, much less shared their negative or positive experiences with it. However, there was one user who had a lot of positive things to say about his/her time trading with Alvexo. As a trader, you never want to miss out on a trade that could potentially up your game.