Alvexo is a licensed and registered broker and investment company. It is licensed with the Cyprus Securities and Exchange Commission (CySEC), license number 236/14. The CySEC is known for its strict compliance regulation and thorough oversight. The firm has welcomed the attention to detail, quality, security and transparency and has maintained its license since 2014, having officially launched in January 2015. This company is owned and operated by VPR Safe Financial Group Limited and is registered with the FCA (FSA, UK), ref. no. 683301 as a Cyprus Investment firm headquartered in Limassol, Cyprus.
Trading Markets Offered
Alvexo offers its clients a wide spectrum of trading instruments which include currency pairs, cryptocurrency pairs, and CFDs for commodities, stocks and indices. In all, the firm offers over 490 trading instruments. Its commissions are competitive and all deposited funds are held in fiduciary accounts, kept completely separate from operating capital.
Investing in Shares
Alvexo makes it possible for its clients to trade more than 400 types of shares. Traders have smooth, reliable access to global markets. They can take advantage of being able to trade on leading companies as a part of their solid investment strategy.
While trading indices, Alvexo customers can choose from among 7 different world renowned options. These types of investment are a highly popular alternative to stock trading.
Commodities trading through Alvexo is often seen as the ideal choice for investors seeking to diversify their portfolios. Clients can select from among 7 commodities. This type of trading is often preferred by those who seek to invest in a tangible asset class.
Trading on the foreign exchange, forex, involves investing in the most liquid market in the world. At Alvexo, that includes the option to trade from among over 60 currency pairs as well as with four top cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple). This is a highly desirable option for its availability 24 hours per day, 5 days per week.
Alvexo can be accessed by way of three different platforms. Each makes it possible for one-click order processing and intuitive trading experience control. The available platforms mean traders can opt to use their accounts by way of desktop, laptop, smartphone, tablet, or any combination of those devices as suits them best. The first platform is the highly popular downloadable MetaTrader 4 (MT4). Alternately, traders can use Alvexo’s own web-based platform, which does not require download. Traders who prefer the mobile experience can use an app which is also supported. ECN accountholders can benefit from Straight-Through Processing by way of quick and transparent order execution. That said, all platforms and accounts provide clients with user-friendly, encrypted trading activity and account data security. Also supported are automated EAs and social trading.
Alvexo offers four different account classifications. Each comes with its own features and advantages. These accounts are: Classic ($500 to $2,499); Gold ($2,500 to $4,999); ECN ($5,000 to $9,999); Prime ($10,000 and up). Alvexo’s most popular account is the Gold classification. That said, Islamic and free Demo trading accounts are also available. To assist traders in selecting the right option for their income status and investment goals, Alvexo provides a unique “Account Generator,” based on the answers to five quick questions.
This registered broker provides exceptional tools for real-time and historical analysis in order to evaluate price trends, while spotting central points and forecasting future movements. Clients can customize their charts with candlesticks, lines and bars. Traders can also take advantage of the live 24/7 customer support to receive professional assistance. Furthermore they can consult with daily market commentary provided by in-house economists and seasoned brokers, on top of the news they can read in the regularly updated blog written by high profile writers with strong backgrounds in journalism.
The Strengths and the Potential Weaknesses of the Site
Alvexo is CySEC licensed and is a highly regulated forex broker and investment company under the FCA (FSA,UK). It provides a range of different categories of account and supports traders with resources, information and tools to help them to make quick and informed decisions.
This company was established by market professionals highly experienced in trading fields as well as in those of technology. Together, they developed a solid, reliable and transparent experience through which clients could inform themselves before proceeding to make informed trading choices. It is this enhanced information experience that helps Alvexo to stand out within this area. While it is, at its heart, a broker, its mission is to ensure its clients are well informed and prepared to make the right choices to meet their goals regardless of their experience level when they start.
The firm, operated by VPR Safe Financial Group Limited, is headquartered in Limassol, Cyprus, a Eurozone member state, where it is recognized as a Cyprus Investment Firm (CIF).
In our Alvexo review, we also examined the Trading Academy: a valuable component of the firm’s offerings. Among this registered broker’s top priorities is to ensure that all clients have the tools and resources they need to understand how to build a strategy, and how to make the right decisions. The Academy is a combination of tutorials and articles, among other features. It is self-paced and allows clients to follow either of two possible tracks: Forex Trading Basics or Advanced Trading Strategies.
Completing Deposits and Withdrawals
The minimum deposit available is in a Classic account and is $500. That said, the deposit can be made in either USD or EUR. Alvexo supports major credit and debit cards, bank wire transfers and several other payment method alternatives. No deposit or withdrawal fees are collected by Alvexo. Banking intermediaries independent of Alvexo may charge for their services depending on the payment method selected by the client. This firm promptly processes withdrawal requests, provided that the client has provided the internationally mandated identity data necessary for the withdrawal.
Alvexo’s helpful customer service team is available 24 hours per day, 7 days per week. Each representative is professional, knowledgeable, and ready to offer one-on-one support in any of a number of different languages. Customer service is available through live chat, international toll-free phone lines, email and direct mail. Furthermore, self-guided training and support materials are widely available for traders at every experience level. We also tried reaching on Facebook and got a response within half an hour which is pretty good.
Additional sources of information beyond tutorials include video, webinars, regularly updated market news and daily commentary, market analysis, free twice-daily signals, and advanced strategies.
Alvexo is a foreign exchange broker that has made the trading experience its top priority. To that end it has become a powerful and ever-growing informational resource with features and products that can be customized specifically to the individual client’s tastes and preferences. They are in full compliance with Cyprus’s enhanced regulatory regime and make every effort to ensure security, transparency and the highest level of support.