Alvexo Review Is safe

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Alvexo Broker Review

Address: 1, Agias Fylaxeos street,3025 Limassol, Cyprus

Phone: +44 203 7699390 +357 250 30937

Email: [email protected] [email protected] [email protected]

Our Overall Rating

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  • Competitive leverage levels
  • Well-regulated and transparent
  • Good educational resources
  • Market access through STP/NDD brokerage model
  • Offers Micro lots


  • Not available to US customers
  • Wide spreads on some accounts
  • Limited payment methods
  • Commission on ECN accounts relatively high
  • No robo trading
Review Sections:

Alvexo emerged in 2020 as part of an effort by forex market veterans and fintech professionals to establish a new online brokerage aimed at providing one of the most technologically advanced and comprehensive trading services out there.

Appealing to both novice and advanced traders, Alvexo offers a robust broker platform with an incredibly easy to navigate website that is supplemented by a high-quality range of educational and training resources. Additionally, it is immediately obvious that regulatory compliance is of the utmost importance to Alvexo. It aims to give its account holders as much reassurance as possible and has one of the most comprehensive regulatory regimes among its peer group.

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Although the commission charges on some of the higher-end accounts can be somewhat heavy-handed, overall the experience of trading on Alvexo is unquestionably positive and this platform represents one of the stronger offerings out there at the minute. Our Alvexo review will tell you all you need to know about this exciting platform. Don’t forget to add your thoughts below.

Commissions & Fees

Alvexo runs a volume-based commission system on three of the four account types on offer. The odd one out, the ‘Classic’ account option adopts a ‘zero commission’, approach although this account unsurprisingly comes with wider spreads. Whilst no trader necessarily likes paying out fees they are part and parcel of the market and at least with Alvexo, there is a choice of approach. With four accounts to choose from there is an increased likelihood of matching account type to personal trading style.

Another area where fees need to be monitored is that of funding transfers. Alvexo trading accounts are denominated in Euro and US Dollars. Funds can be wired into the account in other currencies, for example, GBP sterling, and will then be converted to EUR or USD according to account holder preference. The minimum account size is EUR 250 and US$ 250 which is in line with the peer group and a welcome change as previously the required minimum was higher. Deposits can be made using credit/debit cards, as well as a range of electronic wallets, with the e-wallets being the fastest method. Customers should also be mindful that whilst Alvexo does not charge a deposit or withdrawal fee, the intermediaries you use to make payments may do so.

Platforms & Tools

As is very much the industry standard these days, Alvexo runs the highly popular MetaTrader 4 software. Our Alvexo review team used the platform for a few days and found MetaTrader 4 a feature-rich and highly robust trading platform which has functionality that is welcoming to new traders but also contains enough advanced functionality to satisfy the needs of more experienced market participants.

Alvexo have also developed their own in-house, cloud-based, WebTrader software that traders can use from any modern web-browser. Designed to supplement the MT4 platform it allows users to manage their positions, set price alerts, and even carry out technical analysis. The WebTrader software has an attractive and clean layout but also it’s not just about appearances as the package contains tools to help the trader respond quickly to market conditions.

The exact services offered by Alvexo will depend on the type of trading account you have with them, and currently, four account types are offered:

Account Type Classic Account Gold Account ECN Account Prime
Initial Deposit $500 $2,500 $5,000 $10,000
Minimum Dealing Size 0.01 lot 0.05 lots 0.05 lots 0.25 lots
Dealing Spreads Begin at 3.3 pips Begin at 2.2 pips Begin at 0.0 pips Begin at 1.8 pips
Commission? No commission Yes – volume based Yes- volume based Yes – volume based
Leverage Offered 1:2 to 1:30 1:2 to 1:30 1:2 to 1:30 1:2 to 1:30
Trading Signals? Free! Free! Free! Free!
Stop Outs? 50% 50% 50% 50%
Margin Call 80% 80% 80% 80%
Technical Analysis? No Yes Yes Yes
SMS Capabilities? No Yes Yes Yes
Crypto trading? Yes Yes Yes Yes
One-to-one support? No Yes Yes Yes

The MT4 and WebTrader platforms have distinct characteristics which complement one another. It would be possible to trade the markets using just one of the two platforms but used in conjunction they provide a comprehensive and positive trading experience.

Customer Service

Multi-lingual customer support staff are on standby from Monday to Friday, 9am – 6 pm. This is a significantly different offering from the 24/7 support offered by some other brokers. In this reviewers’ experience, especially when compared to other forex broker reviews, the support staff have all been highly knowledgeable and responsive to any queries so it’s to some extent a case of ‘quality not quantity’.

Here are a few extracts from other forex broker reviews:

  • ForexFraud: “If their $500 minimum deposit and per-trade commissions do not present an issue, then this broker should offer a reasonable transaction service suitable for traders of any skill level.”
  • Daily Forex: “Alvexo, still somewhat new as a broker in the Forex scene, seems to have hit the ground running with a finely tuned machine. Their features and product offerings match up with the latest innovations in the industry with competitive pricing and a host of support tools that can be customized to suit any trader’s individual tastes.”
  • ForexBrokerz: “Alvexo is a well-regulated forex & CFD broker that utilizes the popular MT4. Unfortunately, its spreads are above average.”

What others say

See below for several Alvexo review opinions direct from users:

  • “Highly recommended”
  • “It was a great chance to deal with ALVEXO, I consider myself lucky with a professional company, continuance support and problem solver account manager”
  • “Great platform, great service, great support and education from my account manager. I am very pleased with my trading results and great profits.”
  • “Alvexo helped me a lot learning about forex when it was new for me and I doubled my investment.”
  • “Deposit is returned to me, but it takes a very long time.”


Alvexo provides an extensive and engaging selection of educational materials. The ‘Academy’ section of the website provides articles, tutorials and analysis reports that cater to both new and experienced traders.

Of particular note is the ‘Advanced Trading Strategies’ section, which presents a range of material to help users take their trading to the next level. This is a welcome addition as some other brokers have a disproportionate focus on newer traders. The materials tend to be written and presented in an engaging and entertaining way which helps but there is also a well laid out ‘Glossary’ and ‘FAQ’ section for those wanting to confirm their understanding of the basics.

Alvexo has a team of in-house analysts that provide a range of research reports. All are designed to help traders incorporate global current affairs into trading strategies and they are published as Daily Analysis, Weekly Reports and Market Trends. Of particular significance is the provision of 42 free ‘signals’ a month with these being quoted as being accurate 82% of the time. Thankfully it’s becoming increasingly common for brokers to offer such resources but the quality of the content produced by Alvexo separates them away from the competition.

As well as this self-led learning there is also the opportunity to engage with a customer support representative that will be allocated to your account during on-boarding. As mentioned below, once up and trading the support desk is open for only a limited time period each day so users would be wise to try to ask as many questions as possible whilst benefiting from the dedicated one-to-one support received during onboarding.

Ease of Use

When trying to decide what type of account you want, Alvexo has an ‘Account Generator’ feature which asks you to input certain information such as preferred investment style, risk tolerance, investment goals, and skill and experience levels. Based on your answers to these questions, Alvexo will make a recommendation as to what account type best suits you and advise how much money you should look to trade with. Although not necessarily of interest to more advanced traders, this is a great resource for novice traders and gives the impression that Alvexo is not trying to up-sell you on the account types. Our Alvexo review found this a really useful feature that guided novices step by step through the setup process.

New accounts receive a call from an account rep to answer any questions and outline the path towards full activation. This call is tailored to the category of client and inexperienced traders will find the service is aimed towards building their skill set rather than guiding them immediately into live trading. During our testing it was suggested a ‘senior account rep’ would support novice traders for at least a week, spending this time to explain market signals and the risks involved and trialling trading strategies in the demo environment.

The demo account gives access to a selection of products but the full range of instruments is only available once the second stage of registration is completed. The second stage involves some form filling and for a cash deposit to be made. Whilst the funds are returnable it does mean that a diligent examination of the site requires a degree of commitment that might put off the idly curious.

The site has a particularly intuitive layout and navigating each of the different sections has the same easy feel. For example, additional features such as Signals can be brought up into the sidebars of charts thus providing the information that you want, where you want it.

Order Execution

Alvexo runs on an STP/NDD system (Straight Through Processing / No Dealing Desk) system of brokerage, which results in users of the platform being able to access very tight bid-offer spreads in the major currency pairs.

The WebTrader software is very intuitive and navigating to the point of execution is very straight-forward. Whilst being agile in nature it also contains some tools which are definitely nice-to-haves. For example, when executing a trade it is possible to set stop loss and take profits instructions in Price or Cash terms and this is selected by simply toggling a button at the time of the trade.

Mobile Trading

Alvexo provides a robust, easy to use mobile app for customers for both iOS and Android devices. This can be downloaded through the Apple and Google app stores. Through it, users can open, modify, or close existing orders, as well as view real-time profit/loss and interactive currency charts. The mobile app is a seamless extension to the desktop platform and gives users access to their entire account in an instant.

Alvexo’s mobile app (Alvexo Trader) compares very favourably to that offered by other similarly sized brokers that tend to simply display information rather than providing actual trading functionality. By contrast, users of the Alvexo Trader can execute all order types and include stop loss and take profit parameters.

How To Execute a Trade Video

Robo Trading

Our Alvexo review did not find a current offer of robo-trading, social trading or copy-trading. This is definitely an area where Alvexo could improve, particularly as many of these features now come as standard on most of the top brokerage platforms.

Crypto Currency

Alvexo provides a wide range of cryptocurrency markets. There are five cryptocurrencies available (BTC, ETH, XRP, LTC and DASH) which can be traded in a Crypto vs Fiat currency format. With the available fiat currencies including CAD, GBP, JPY, EUR and USD this leads to there being 19 Crypto vs Fiat markets being on offer. There is also the option to trade Litecoin vs Bitcoin as a currency pair.

The trading is carried out in CFD form so clients do not actually hold the position themselves but instead generate P&L from the price moves in the underlying instrument. When it comes to crypto’s not holding the actual instrument can have its advantages. There is no need to set up a specific account or wallet at an exchange, some of the operational risks relating to the security of holding are mitigated and it’s possible to sell short as well as go long.

Leverage is available but in line with other reputable brokers Alvexo cap it at 1:2. which reflects the highly volatile nature of the instruments. There is also a range of news, research and learning materials on offer to help traders develop strategies that balance the opportunity for profits against the need for trading discipline and risk management.

With a total of five accounts made available to clients, it’s easy for traders to select the type that best suits their trading. All the accounts provide access to the crypto markets and commissions, spreads, minimum lot size vary according to account type.

For the latest Crypto updates from top crypto influencers, click here

Regulatory details

Alvexo staff and the website literature show the firm sees its regulatory structure as a major selling point.

Alvexo was set up by its parent brokerage, VPR Safe Financial Group, and is still headquartered in Limassol, Cyprus though it now has offices in other locations including the UK and Switzerland.

Alvexo falls under CySEC (Cyprus Securities and Exchange Commission) regulatory oversight through its parent firm, VPR Safe Financial Group Ltd, and as such has to comply with the EU MiFID (Markets in Financial Instruments Directive) regulations. It, therefore, has to comply with the investor protection framework and this provides account holders with a range of benefits such as the requirement for client accounts to be segregated.

In total, Alvexo falls under the regulatory oversight of 24 different financial regulatory bodies across the European Union and the European Economic Area, including the Financial Conduct Authority (FCA) in the United Kingdom. Whilst operating in the financial markets is inherently risky and all traders need to carry out their own due diligence it’s possibly a positive sign if a broker is trying to promote its approach to regulation and compliance as being a positive selling point.

Final Thoughts

Using the Alvexo trading platform is generally a positive experience. This is reflected in the Alvexo review score, which although not necessarily market leading reflects it constitutes a solid addition to the forex and CFD trading space.

The STP/NDD brokerage model is fast and effective, and gives users access to multiple liquidity markets, meaning the risk of conflicts of interest for Alvexo is reduced as they act only as a facilitator rather than as a market maker. It’s very easy to navigate the site to access the many available resources and the trading dashboard can be tailored to provide traders with pretty much everything they might want to see.

More advanced users might also be somewhat put off by the volume-based commission charges on the higher tiered accounts. Although arguably you can make up for this through the tighter spreads offered, those trading high-volumes or scalping techniques will at least need to investigate the pricing structure in some detail.

Their Most Recent Risk Warning – April 2020

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Compare Our Alvexo Review Side By Side With Other Brokers

Latest Broker News

Alvexo Market News

Here we will update our Alvexo review with the latest news breaking direct from the broker.

Alvexo Review


Leverage: 1:30

Regulation: CySEC, SFSA

Min. Deposit: 250 US$

HQ: Cyprus

Platforms: Alvexo WebTrader, MT4

Found in: 2020

Alvexo Licenses:

  • VPR Safe Financial Group Limited – authorized by CySEC (Cyprus) registration no. 236/14
  • HSN Capital Group Ltd – authorized by FSA (Seychelles)

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  • Our Review
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Among numerous brokerage firms and trading offering its very important to choose the most reliable company, as well the one that suits your trading needs. For this reason, we assist in choices by reviewing brokers and checking information in a detail, to support selection and here is Alvexo Review among others.

What is Alvexo?

Alvexo is a Cyprus based trading company that specializes in financial markets trading with availability to trade currencies and CFDs on Indices, Cryptocurrencies and Commodities. And all that is provided with utmost level technologies and support through maintained offices in the UK, Sweden, South Africa, Spain, France, Romania and Italy.

The company provides a complete set of investment services that are tailored to the client’s needs with flexible leverage, an entire array of analytical tools, trading academy materials, live customer supports and through the latest software innovations.

Alvexo provides also educational materials that expand the understanding of the Forex markets and the world economy through the range of curriculum of texts and videos designed with either Basic or Advanced trading strategies. Moreover, the multi-lingual staff stands after their clients with constant support and service delivery that enabled through the range of established global offices.

Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is Alxevo safe or a scam?

Alvexo is owned and operated by VPR Safe Financial Group Limited a Cyprus Investment Firm supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC). In addition, there is another entity of Alvexo, which operates under HSN Capital Group Ltd, supervised and regulated as a Securities Dealer by the Financial Services Authority (FSA) of Seychelles.

In fact, Seychelles is a beautiful offshore zone which does not implement strict regulatory restrictions towards financial firms, therefore solely can be trusted. However, since Alvexo is authorized by the member regulatory from EU, it means its operations are set to strict guidelines maintained by MiFID.

Therefore and due to its authorization, Alvexo registration allows the provision of the investment and brokerage services within the EEA to European residence and even further. While the regulation enables the customer to trade with assurance according to the protection settlement procedures performed through the range of rules the broker obliged to. That includes client’s funds’ segregation from the company ones, security and encryption of the transactions, participation in the schemes in case of the company insolvency, etc. Moreover, the Alvexo provided negative balance protection which protects clients from the loss that exceeds the initial balance.

Alvexo Trading Platforms

The trading platforms selection features the award-winning Alvexo Web Trader, MetaTrader4 and Mobile App that enables you to choose the best suited software to trade. The Alvexo WebTrader a proprietary platform requires any installation or downloads and presents one-click trading capabilities with real-time quotes, intuitive design and including all order types with high speed of STP execution.

The world’s popular and powerful MT4 remaining at your pocket as well, which employs the major indicators with instant response to trading alerts and signals on chart-based trading with multiple order execution. Lastly, Mobile App allows trading at any time with ease and convenience with all symbols and functions through full modification features covering your trading needs by any mean.

Moreover, since the tools and analysis is the key to smart decisions, Alvexo delivers latest market news, reviews and analysis along with real-time signals that were prepared by professional economists and brokers featuring 88% accuracy. Alvexo market data is updated twice a day, plus to the breaking news or trading opportunities and is provided for free to all customers.

Alvexo Trading Costs

The trading instruments range offered by Alvexo includes CFDs, Stocks, Index, commodity and currencies along with newly launched feature at Alvexo the Cryptocurrencies trading. All instruments are accessible through a selection of Alvexo designed five accounts that enables investment options according to the requirements and components of each one.

A variety of additional services are depending on the account type, while the bigger size account features more services, dedicated support and of course better pricing. Also, an Islamic account free of commissions and interests included in the offering to the clients that follow the Muslim belief.

Alvexo spread

So going to the important note about costs themselves, at Alvexo you trading with variable spread and all costs built in it on the accounts with STP connectivity, while higher account type offers better conditions. Further on, ECN Account featuring raw spreads that are starting from 0 pips, but add on a commission per trade. E.g. ECN Gold account commission for EUR/USD pair is 18pt, while ECN VIP account commission for the same pair is 13 pt, and for Alvexo spreads themselves see the comparison example below. As well you may compare Alvexo fees to another popular broker SquaredDirect.

Avexo rollover

Also, always consider Alvexo rollover or overnight fee as a cost, it is charged on the positions held longer than a day and may be checked directly from the platform. Each instrument has a different condition for overnight positions and may be presented for you as a fee or refund.

Alvexo Leverage

So by trading numerous instruments at Alvexo, you also may use powerful tool leverage, which may increase your potential gains through its possibility to multiple initial accounts balance. Yet, make sure to learn how to use tool smartly, as high leverage an incorrect use increases risks as well.

As for the Alvexo leverage levels, they are depending on the instrument you trade, as well defined by the regulatory restrictions. Therefore, trading with European entity regulated by CySEC you can use lower leverage level the maximum of 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities.

Yet, another Alvexo entity in Seychelles may offer higher leverage rates up to 1:400 for some major currency pairs.

Alvexo Funding Methods

There are various payment methods that are enabled as the transfer option to the live trading accounts, these funding methods including popular Credit and Debit Cards, selection of electronic payments and Bank Transfers.

Alvexo minimum deposit

Alvexo minimum deposit requires as a start 500$, which is defined by Classic Account conditions, yet the amount is also defined by the account type you choose.

Alvexo deposit fee

Besides, Alvexo deposit fee charges are free that are applied to most of the funding methods. There are no withdrawal charges as well, however, make sure to check with your payment provider as there are some internal fees that might appear by the payment providers. Also, there are some slight differences which Alvexo implement according to your country of origin in terms of money transfers, so better to check those ones with customer service.

Conclusion on Alvexo

Alvexo review shows a company that provides a safe and regulated trading environment, also enriched with tools, latest news, and comprehensive research that enables you to make informed decisions using the transparent platforms. The broker performs STP execution with a range of account types to choose from, as well as an ECN account feature great for active or the algorithmic trading. Market leading platforms along with proprietary software and designed trading tools offered to all the investors not depending on the account type or size.

Moreover, as the company was established by the trading veterans it’s always remaining on constant development and enhancement of the services while going together with modern trends. The range of trading instruments covers the most traded markets, as well Cryptocurrencies trading. Overall, the beginning or experienced traders will find the best suitable option with well-supported feature.

Nevertheless, we would be glad to know your personal opinion about Alvexo, so you may share your experience in the comment area below, or ask us for some additional information if required.

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One response to “Alvexo”

Please always be careful when choosing where to invest your money or trade, after investing your money they will deny you access to withdraw your fund. Am saying this because I was a victim of their manipulation I was able to recovered my capital including my profit through the help of Mr Derrick Glenn who took up my case to financial authorities and Brokers authority Bodies with their efforts I was able to recovered my money back and close down the trade. I want to advice those who are victim of Binary option, Bitcoin and forex scam who where unable to withdraw their fund after investing to kindly seek help from Mr Derrick Glenn you have 100% assurances of getting your money back. Contact him via the email below
[email protected] com

Alvexo Review

Alvexo is an established CySEC licensed Forex & CFD broker, that is owned by VPR Safe Financial Group Limited.

Alvexo brokers are located at: 1 Agias Fylaxeos Street, Limassol 3025 Cyprus. Their phone number in Cyprus is: +35725030482 and in the United Kingdom: +44 203 769 9390. Email address for account verification is: [email protected] Official brokers website is at:

Alvexo Reviews

The Forex Broker Alvexo offers investors the popular MetaTrader4 trading platform. They have available the desktop standalone version along with the web based and mobile versions.

They offer in total more than 60 underlying assets for CFD trading. This includes; all popular currency pairs, stock market indexes, agriculture and energy commodities like Brent, Crude Oil, Corn, Coffee, Wheat and Sugar. Crypto Currency trading is available on Bitcoin, Litecoin, Ripple and Ethereum. They offer some of the tightest spreads for Bitcoin trading.

Alvexo also provides new and experienced traders with basic or enhanced education through the Alvexo Trading Academy. Investors are provided with high level market updates and news, by way of a blog maintained by high profile writers, see here.

Their website and customer support is available in English, French, Arabic, German and Italian.

Alvexo Forex Trading Platform

Maximum leverage on currency pairs, commodities and indexes is 1:30 for retail investors and 1:300 for professionals. The spreads vary from as low as 0 pips on ECN accounts, to 3.3 pips on the classic account. Trading on leverage is very risky, and new traders should make sure they fully understand the risks associated with using margin.

Minimum deposit for new accounts is now $500, and there are 5 different account types which offer various benefits.

Is Alvexo a Legitimate Broker?

When the Scam Broker Investigator reviews a broker to know if they are a scam or legitimate, we check if they have a valid license. The main reason investors always use a licensed broker, is because then you know your funds are kept in segregated accounts.

  • European Union: Alvexo is licensed and regulated by CySEC in Cyprus, with license number: 236/14. They have also registered at the FCA (Reference number: 683301).
  • Rest of the World: HSN Capital Group Limited, 8422417-1 located at: HIS Building, Office 5, Providence, Mahe, Seychelles is regulated by The Financial Services Authority (FSA) of Seychelles.

Compare Forex Brokers

Smart investors always research more than one broker, so that they can make a good choice. You need to compare brokers based on their: minimum deposit, commissions, spreads and available assets.

ForTrade is a broker that is licensed and authorised by FCA England, see here. Investors enjoy using their customized trading software which is user friendly.

Get a Free demo at:

Are you currently trading with Alvexo brokers? Please share your experience in the comments below, so that other investors can read it.

Best Binary Options Brokers 2020:

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
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    2nd place in the ranking!

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