Alvexo is a very famous online trading broker worldwide. It is an investment company specialized in financial markets and offers the opportunity to make investments through Forex Trading and CFD Trading.
CFDs include: commodities, stocks, cryptocurrency, stock (stock exchange) indices and much more. It provides access to the financial markets for stock trading and allows you to play on the stock exchange.
Alvexo is part of the online trading platforms and is a broker controlled by the investment company VPR Safe Financial Group Limited, headquartered in Cyprus. As a legal broker it is subject to supervision and regulation by the Cyprus Securities and Exchange Commission (CySEC), which complies with the strict rules of MiFID regulations. It is authorised to operate in all European countries, including Italy.
The broker provides users with four trading accounts: Classic account, Gold account, ECN account, Prime account and the minimum deposit to trade is 250 Euro.
It allows the use of leverage which may vary depending on the type of investor.
If you are a retail investor the leverage offered is 1:30, while if you are a professional investor the leverage can be up to 1:300.
Alvexo offers its customer support from Monday to Thursday from 9:00 to 18:00 and on Friday from 9:00 to 16:00 by phone. Or, for convenience, you can choose to contact support via live chat.
The Platforms Used by Alvexo
Alvexo offers its clients 3 trading platforms, the WebTrader platform, the Mobile application and the most popular platform in the industry, MetaTrader 4.
They are easy to use trading platforms, among them, as we have announced, there is a mobile platform available for each operating system (Android and iOS).
Many choose the platform because of its ease of use and especially because it allows you to trade with the popular MetaTrader 4 platform.
This one has all the tools and functionality you need for simple trading and useful tools for market analysis.
But not only that, many also choose this broker for its platform, Sirix Web Trader.
Their proprietary WebTrader platform can be used from any browser and includes various features such as market alerts, position management, various insights and technical analysis.
Each platform, however, gives access to a wide range of assets, including individual stocks, commodities, stock indices, Forex, cryptocurrency.
Types of Alvexo Accounts
Alvexo offers four types of accounts, which are:
Classic account: this account requires an initial deposit of 250 euros, the minimum trading size is 0.01 lots.
The spreads for this account start from 3.3 pips and there are no commissions charged, the leverage offered goes according to the asset you have chosen the maximum is 1:30 for professionals the leverage is 1:300. The account includes free trading signals.
Gold Account: This account requires an initial deposit of 5000 euros and a minimum trading size of 0.05 pips, the offered leverage is 1:30 for retail investors for professionals is 1:300. The account includes free trading signal services, personal support, SMS notifications, economic calendar and technical analysis.
ECN Account: This account requires an initial deposit of €5.00 minimum trading size of 0.05, trading spreads offered start from 0.0 pips, while the leverage offered is 1:30 for retail investors and for professionals is 1:300. The account includes free trading signal services, personal support from senior account managers, economic calendar, SMS notifications and technical analysis.
Prime Account: This account requires a deposit of 10,000 euros and a minimum trading size of 0.25 lots. The offered trading spreads start from 1.8 lots while the leverage differs from the type of trader, for detail traders the maximum leverage is 1:30 for professionals is 1:300.
The account includes free trading signals, personal account manager support, economic calendar, notifications and technical analysis.
In addition, Alvexo gives you the possibility to open a free demo account to practice trading without risking losing your money. The account is offered with a virtual deposit of $50,000 and includes free trading signals and real-time market prices.
Alvexo Deposits and Withdrawals
Alvexo’s deposits and withdrawals can be made with major credit cards or bank transfers.
The minimum deposit is $250 and can be made in USD or EUR.
There are no charges for deposits and withdrawals, but intermediary banks may deduct a percentage for their services regardless of Alvexo.
For withdrawals to be approved and disbursed promptly, all internationally mandatory identity information must be provided in digital format immediately.
Alvexo has several methods to “fund” your trading accounts: credit or debit card and bank transfer are the most used, but you can also use other alternative payment systems, such as eWallet.
The minimum deposit is 250 euros and can be made in EUR or USD. Alvexo does not charge fees for both depositing and withdrawing.
Regulation and Security of Alvexo Broker
Based in Cyprus, Alvexo has been offering its financial services since 2014 and is managed by an investment company, VPR Safe Financial Group Limited.
The broker, as we have already announced, is regulated by the Cyprus Securities and Exchange Commission (CySEC).
This means that the platform operates under strict financial supervision, with monitoring, periodic audits by certified companies and the ability to preserve minimum capital.
Alvexo maintains its clients’ funds in a separate account which can be used for payments to clients.
The digital security adopted by the broker is very strict. This ensures that each client’s privacy is protected by 256-bit Rapid SSL encryption.