Alvexo Review

Alvexo, a Forex Trading Broker, is operated and owned by VPR Safe Financial Group Ltd. It is an investment firm based in Cyprus and is regulated and authorized by Cyprus Securities & Exchange Commission. Established in 2015, Alvexo is headquartered at Cyprus. Their website is presently available in English, Arabic, German and French languages. Alvexo offers access to many investment opportunities and financial instruments. This is a respected and established broker in the CFD and Forex world and an excellent option for anybody looking to invest in the most popular markets of the world.

Trading Platforms

Alvexo helps traders to trade across 3 different platforms including WebTrader, MT4 platform, and mobile platform. These platforms enable traders to trade all the instruments that are offered by the broker.

WebTrader: Alvexo developed this platform to offer the traders fast access to different trading opportunities. With this platform, a trader can trade from anywhere in the world using any computer. The platform offers different trading tools to the traders like charting news and tools, along with offering the ability to put limit orders, stop loss, and profit limits.

MT4 Platform: Being the world’s biggest trading platform, Alvexo’s MT4 can be downloaded easily by the traders from the brokers’ site. By doing so, traders can use different trading methods. Other benefits of using MT4 platform include putting limit orders, using stop loss, trailing stops, profit limits, and auto trading with the help of Expert Advisors.

Mobile Platform: Alvexo also has a mobile app to help traders trade on the move. The app is equipped with many trading tools with which you get the same feeling as you get while trading with its desktop platform.

Accounts

Alvexo offers 4 different accounts to choose from for the traders based on the amount of deposit they wish to make. Let’s discuss all of them in brief here:

Classic Account: The most basic account offered by Alvexo needs a minimum deposit of $500, with spread starting at 3.3 pips and minimum deal size being 0.01. You will get completely free access to signals with this account.

Gold Account: Created for experienced traders, this account needs a minimum deposit of $2500, with spread starting at 2.2 pips and minimum deal size being 0.05. With this account, you can expect to get access to one-on-one support, dealing room daily dose, economical calendar and all benefits that come with the Classic Account.

ECN Account: If you want to do direct trading, then this account type is the best one for you. It calls for a minimum deposit of $5000 with spread starting from 0.0 pips. You get a direct line to the dealing room with all the benefits that come with a Gold Account.

Prime Account: If you’re a serious investor willing to start trading with a minimum deposit of $10000, then go for this account. In this, spread starts from 1.8 pips, and the minimum deal size is 0.25. Traders can avail the benefit of technical analysis report and free trading signals along with all benefits that come with ECN accounts.

Deposit and Withdrawal

Traders can deposit funds easily at Alvexo. The platform offers many different methods to deposit money, including credit/debit card, bank wire transfer, Payment and more. However, there is one catch here. Alvexo accepts funds in USD and Euro only with a minimum deposit amount of $500. However, you can deposit other currencies as well, but you will be charged for the conversion of any other currency to Euro or USD.  There are no deposit or withdrawal charged at Alvexo.

Customer Support

Alvexo has a multi-lingual customer service department. You can contact them via phone, email, or live support. Their live support representatives are always ready to help you with your trading issues.

 Tools and Resources

Traders can count on Alvexo’s trading resources and tools like weekly market reviews that can be used for economical calendars and trading insights. Alvexo also has many calculators which can be used by the traders to come up with different risk analysis and trading strategies. Some of the calculators are margin calculator, pip calculator, currency converter and profit calculator which can be used by the traders to find out how much can be invested in every trade based on their profit target and risks appetite level. The traders can also access free forex scalping signals to produce trading ideas if they don’t have enough time to perform a complete analysis.

Conclusion

Alvexo is a well-regulated broker offering CFD and Forex trading. The learning resources and customer services offered by this platform offers sufficient support for a novice to get started, while they have excellent materials on highly advanced trading strategies for the experienced traders. If we ignore the per-trade commission and minimum deposit amount of $500 at Alvexo, then everything looks just perfect for trading with them.