A relatively new online trading platform, Alvexo started offering its services in 2014. Founded by a few financial veterans, Alvexo aimed to offer a simple method to the retail traders for investing in Forex and CFDs. Till now, Alvexo has performed an excellent job of keeping up with all their promises, and they also offer multi-lingual customer support along with the latest trading tools to the traders.
Alvexo is operated by VPR Safe Financial Group Limited, a famous financial investment company. CFDs and forex trading market is quite fierce and generally isn’t kind to the players who are just looking to earn integrity and trust if the market. Alvexo, however, has done a great job until now of building its trustworthiness and reliability. Regulated by Cyprus Securities & Exchange Commission, Alvexo agrees with all conditions and requirements put forward by the Market in Financial Instruments Directive. When it comes to digital security, the platform works under strict measures to make sure that the privacy of every user is protected under 256-bit RapidSSL encryption.
The trading platform of Alvexo enables traders to invest in multiple assets classes like Forex, cryptocurrencies, indices, commodities, and more. Forex is what this platform began its journey with, and thus Alvexo offers an extensive variety of currency pairs like major, minor, exotic, Australian, and Scandinavian currency pairs. There are over 60 of them to select from. Alvexo also allows traders to invest in Crypto versus Pairs and the Crypto pairs. Traders can trade only one crypto pair that is Litecoin and Bitcoin, but in Crypto versus Fiat segment traders get lots of options like Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, Litecoin and more. Traders can also trade future indices including big stock exchange indices including that of Europe and the US like DAX, CAC, DOW, SP, FTSE, and NSDQ. Except for the asset classes mentioned before, the platform also offers the famous commodities trading which includes metals like silver, gold and titanium and agricultural items and energy products.
With Alvexo, traders get 4 different account types to trade from. The first account is the classic account which needs a minimum deposit of $500, the minimum trading size is 0.01 lots, spreads starts at 3.3 pips and leverage beginning from 50:1. This account comes with an added feature of free trading signals. Next comes the Gold Account requiring a minimum deposit of $2500, minimum trading size of 0.05 lots, spreads start at 2.2 pips and leverage from 50:1. Traders can expect to get personal support, free trading signals, economic calendar, technical analysis, and SMS notifications with this account. The third one is ECN account calling for an initial minimum deposit of $5000, with minimum trading size 0.05 lots, leverage starting from 50:1 and spreads starting at 0.0 pips. It has all additional features similar to Gold account with personal support offered by senior, experienced account managers, CFD trading, and crypto trading. The last one is the Prime Account requiring an initial deposit of $10,000, minimum trading size 0.25 lots, spreads starting at 1.8 pips and leverage with 50:1.
Alvexo’s educational program separates it from others. When it comes to training and education, Alvexo has amazing materials, and every level trader will find a great set of material according to their specific needs. A few features like inquiry options or advanced feed options are available for the experienced traders only with some added incentives.
Deposit and Withdrawal
The minimum deposit at Alvexo is $500 with higher sum needs for higher accounts. Traders can deposit funds either in Euro or US dollars, and they aren’t charged for withdrawals or deposits. The platform also allows clients to make quick deposits and withdrawals using credit/debit cards, bank transfer or electronic wallets.
The platform does not charge any commission. The spreads, however; depends on the kind of trading accounts used by traders. Moreover, the spreads charged are highly competitive so that they won’t burn a hole in your pocket.
The broker has a simple to use trading platform for all kinds of traders along with a mobile app that works on both Android and iOS devices. All platforms give traders access to hundreds of assets. Traders can also use the famous MT4 platform, which offers features like automated trading, custom notifications, and detailed market analysis. Alvexo also offers its proprietary WebTrader software version to the users. Features offered by WebTrader include market alerts, position administration, technical analysis, and insights.
Even as a relatively new trading platform, Alvexo has managed to earn a great reputation on the market. The platform has a great balance of convenience, support, and security. Being intuitive and secure, the platform has outstanding customer support. It is a good option for those looking to enter the trading industry.