This broker has a research department, hosts annual events, and provides traders with the MT4 trading platform on top of its proprietary WebTrader. Education is also highlighted in Alvexo’s approach to achieve long-term trading satisfaction. An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
WebTrader
For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. This will help Tradersunion.com to continue to provide our services to you for free. Of course, he uses a prime account, which is still a dream for me at the moment. The spreads on the major currencies are a bit high, but as I mainly trade exotic currencies, the commissions are average.
Alvexo offers a straight-through processing and no dealing desk trading model for retail trading accounts, which gives them access to high levels of liquidity and quick execution speeds. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.
Let me point out that this privilege is only available if there is a substantial amount on deposit, but even on a standard account you can contact the support specialists for help once a month. For beginners, I recommend high-quality training content on the broker’s website. Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker. Accounts are opened through an online application, as is the standard operating procedure across the brokerage industry. Customer service information remains scarce, and operating hours are not mentioned.
- Limited information is published about WebTrader, but the features listed comparable to those offered by the myriad of MT4 plugins that Alvexo doesn’t currently offer.
- It provides novice users’ access to the necessary trading tools, but not all of them.
- Alvexo is a Forex and CFD broker regulated by Seychelles’ FCA and offers several security measures including segregated accounts.
Open Your Live Trading Account To Start
The combination of educational materials, trading resources, and impeccable customer service gives you the impression that Alvexo is a broker that is very much customer-focused. The MiFID helps improve transparency, operating efficiency and financial safety, and also provides enhanced consumer protection for Alvexo’s clients. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Whilst not the largest selection out there, it should be enough for most beginner to intermediate traders.
Alvexo fees compared to plus500 fees
It is a form of speculative trading, with over four hundred fifty available assets in five categories. This company hosts events, conferences, and seminars in different European countries each year. They invite the most successful financial and industry leaders as resource speakers to share their skills, knowledge, and best practices for others to take to heart. In addition to the charting tools, Alvexo provides a range of market analysis resources to keep traders informed about the latest market developments and trends. Alvexo provides traders with a comprehensive suite of charting and analysis tools to help them make informed trading decisions. In terms of safety and security, Alvexo operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC).
Demo Account
Alvexo appears to be a well-regulated STP and ECN broker offering a forex and CFD trading service. The broker makes both a demo account and four additional trading account types available, depending on the size of a client’s initial deposit. Alvexo’s proprietary web-based trading platform is designed to provide a seamless and user-friendly trading experience. The platform is accessible directly through web browsers, eliminating the need for software downloads or installations. It features advanced charting tools, real-time market data, and one-click trading functionality for efficient order execution. Our suite of three trading platforms has something for every kind of trader with access to over 450 global assets.
Alvexo received a Medium score for the efficiency and convenience of its deposit and withdrawal processes. You can skip the deposit step and go to the main window of the WebTrader platform. To use all the functions, you will need to upload two documents to the system to confirm your identity and address of residence. To publish a PRO-type review, all fields in the form must be filled out. Alvexo has an online application form, which is the standard operating procedure. CySEC regulation is confirmed, and Alvexo provided the link to the regulation.
Swap rates on overnight positions apply, but Alvexo fails to mention them (or, at least, we saw no reference to the spreads during our Alvexo review). Corporate actions are also not mentioned in detail but appear to be applicable to equity and index CFDs. Alvexo was established in 2014 by its parent firm VPR Safe Financial Group Limited and has its headquarters in Limassol, Cyprus.
Most brokers offer spreads from 0.8 Pips for free without any minimum deposit. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.
IC Markets
For the company’s retail trading accounts, forex trading Alvexo takes place via a highly-desirable Straight Through Processing (STP) No Dealing Desk (NDD) model. This model facilitates Alvexo having some of the best available direct bid/offer prices that come from their liquidity providers who act as counterparty to the customer’s trades. Alvexo does not as a market-maker and gets compensated by charging its customers a commission fee based on the amount of volume traded.
The forex broker has a global presence with additional offices in the UK and Switzerland. When clicking the buy or sell buttons of an asset, an order placement panel will deploy from the right side of the screen where you’ll be able to place your trade. It would be great to see real news sources from reputable providers such as Reuters, Bloomberg, etc.
- Trading is delivered through the popular MetaTrader 4 (MT4) platform that we all know and love, although Alvexo has also developed their own in-house, cloud-based WebTrader platform to supplement this.
- I use the familiar MetaTrader 4 terminal, which supports automated programs.
- Finally, Alvexo does provide useful educational materials and an expanding set of attractive account services that depend on the initial deposit made.
- Whilst primarily aimed at the novice and intermediate trader, there is something here for traders of all skill levels.
Learn Forex Trading
Account funds are segregated while transactions use the latest digital security measures to ensure client peace of mind. The screenshot displayed below shows the functionality of Alvexo’s WebTrader, which includes technical analysis and position management features. Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis. One section that is especially alvexo forex broker effective for enhancing your skill is the link on “Advanced Trading Strategies.” Here you learn about increasing your knowledge and abilities to a better degree.
Regulation and safety
We have compared the range of assets and markets supported by Alvexo with its competitors, making it easier for you to find the perfect fit. The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. The minimum trading size is listed as 0.01 lots, but dependent on account type; it is increased to as high as 0.25 lots. Alvexo provides no information regarding deposits and withdrawals on their website which is highly unusual.
This broker is a market maker and also profits from traders’ losses where it acts as the count-party to the positions taken. Alvexo also offers its customers a Trading Academy, where new traders can learn forex trading essentials, watch tutorial videos, and pick up some simple trading strategies. A section for advanced trading strategies features how to develop a trading plan, how to perform market research and analysis, and how to enhance your trading strategy with more sophisticated techniques.