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Alvexo is a Forex broker specializing in the global financial markets offering currency investments and CFD trading.
About company. Fund security
Alvexo is owned and operated by VPR Safe Financial Group Limited (Cypriot Investment Firm (CIF)) and is controlled and regulated by the Cyprus Securities and Exchange Commission (CySEC). Companies are required to keep client funds in accounts separate from the firm's capital, and clients' trading history and personal data must be protected by the latest encryption technology with 256-bit SSL protocol.
Trading conditions
There are four different trading accounts. The main difference is the amount of the first installment. Classic is the basic account for newbies. The minimum first deposit is $ 500.
The minimum deposit for Gold is $ 2,500. A welcome bonus of 25% is also available on the initial deposit.
ECN account is aimed at more experienced market players who trade directly. The minimum deposit is $ 5,000.
Prime-account is intended for professionals who deposit from $ 10,000. The smallest trade possible on this account starts at $ 25,000 and spreads from 1.8 pips and up.
An account generator that calculates the initial deposit amount for each trader will be a nice bonus for clients.
A demo account is available to traders who wish to practice trading before putting their funds at risk. An Islamic account is also available for traders who follow Sharia law.
Spreads and leverage
Spreads vary depending on the type of account. On an ECN account, in some cases, spreads can go up to 0.1 pips. The highest spreads are set on the Classic account, starting at 3.3 pips. Thus, commission fees largely depend on how much the client is willing to deposit. We do not recommend that you invest a large amount if you are a beginner.
Leverage can be up to 1: 300 for currency pairs and up to 1:50 for CFD assets.
Trading platform
Alvexo offers three versions of the popular Metatrader4 terminal. They all have an intuitive and easy-to-use interface. You can trade directly from your web browser, through the app on your computer and on mobile devices. You can view your trading history, open, modify and close existing orders. Automated advisors and social trading are also supported. The broker prohibits scalping.
additional services
Alvexo publishes weekly video market analysis, market trends and a daily overview of global financial news.
Timely overviews as well as analysis of upcoming trends are prepared by expert economists and analysts at Alvexo.
The economic calendar contains current events that take place around the world. Alvexo also publishes its news on social networks such as Twitter.
Every trader, regardless of the level of training, will find many useful training materials.
The Trading Academy offers a variety of content: animated videos and articles, available for beginners and advanced traders.
The basic concepts of Forex are presented in the financial glossary, there is also a section of frequently asked questions, where all the sections related to trading are covered.
Bonuses and promotions
Alvexo offers a Refer-a-Friend bonus. Its size depends on the account that the friend opens. In case of opening a Classic account, the referrer receives $ 300; Gold - $ 600.
Each open account comes with a welcome bonus.
Support service
Account holders can communicate with Alvexo representatives via email, fax and telephone. The support service works around the clock, seven days a week.
In addition, online chat is always on.
The website is available in English and French.
Ways of payment
You can deposit money using credit and debit cards, bank transfer and electronic payment systems. There are no deposit or withdrawal fees, but resellers can charge fees for their services independently of Alvexo. Deposits can be made in US dollars or euros.
Pros:
regulated broker; demo version and Islamic account available; selection of trading accounts.
Minuses:
high spreads on Classic accounts; insufficient trading information on CFD products.
ALVEXO is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
ALVEXO profits from traders' trades, usually in two main ways
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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. ALVEXO received a score of 1 of 5 on our resource.