All other trading conditions remain the same, except for an increase in the minimum lot size to 0.25 lots. The ECN Gold account is the first account where some equity CFDs are tradeable, but for a minimum deposit of €20,000. Spreads are listed as 0.0 pips on the account page, though information in other places on the site seem to contradict this information. The EUR/USD carries at 1.4 pips with a commission of $18 per lot with a minimum lot size of 0.05 lots. The ECN VIP account represents the sole account where all assets are available.
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In addition to the app being available for iOS and Android, the App Store and Google PlayStore are offered for free download. Five different account types are available at Alvexo, all these provide more than ideal trading conditions. Once logged in, users can employ all the eye-catching features that MT4 is known for, such as numerous order types, 30 different technical indicators, and nine chart timeframes. Users can also customize the interface to make trading strategies more convenient to apply.
Trading Platforms
Finally, Alvexo users in turn can download the MT4 app on their smartphone or tablet and log in with their own credentials, enabling smooth trading when they are on the go. One of the unique features of the Alvexo trading system is that the trading academy is also educational for a broker. This user interface is loaded with a lot of videos and educational material.
Alvexo vs Other Brokers
This will help Tradersunion.com to continue to provide our services to you for free. Whilst it may not be market-leading, Alvexo is a good broker offering an immersive trading experience with easy to navigate platforms, multiple assets and accounts, plus competitive spreads. Alvexo’s mobile trading platform is available for both Android and iOS and comes with several inbuilt features like daily signals, real-time alerts, risk management, a charting suite, etc. Technical indicators and technical tools can be used on the mobile platforms of Alvexo which is a plus. The mobile app has won Alvexo an award for the best mobile trading app in 2022. Although Alvexo is offering negative balance protection, there is a catch.
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- However, the broker charges high spreads starting from 2.9 pips, and negative balance protection is not applied to all clients.
- Alvexo provides traders with a proprietary web-based platform and mobile applications.
- He has a plethora of experience in both forex and cryptocurrency and is able to explain complex terms in a user-friendly way.
- We had to dive deep into the back pages to find it, something that most potential clients won’t do and could leave not knowing this information.
- The Alvexo com platform has lowered the minimum account amount to $250.
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 collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker. 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. Alvexo is my preferred broker because it offers optimal trading tools and coverage for a broad range of markets.
Only the alvexo forex broker amount originally deposited through a credit card may be withdrawn to that account, and the balance of funds will then be transferred to the client’s bank account. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. If you wish to open a trading account with Alvexo, you can start by visiting the Alvexo website and clicking on the “Sign Up” button located at the top right of the page. You will be asked to enter your name and email address on the following page before choosing a password for your account. If you need to contact the Alvexo customer support or compliance department, you can do so through their live chat function that can be found at the bottom of the page. Also, on the company’s official website, there are contact numbers for the different branches, which can be found in the United Kingdom (UK), France, Romania, Spain, South Africa, Italy, and Sweden.
DayTrading.com may receive compensation from the brands or services mentioned on this website. Compare the markets and instruments offered by Alvexo and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Alvexo uses the standard security measures employed by online financial brokers. Trades are secured with 256-bit RapidSSL encryption and the entire system is fire-walled. Transactions are executed by the highest PCI-Certified service providers and servers are located in SAS-70 certified data centres.
Finally, as Alvexo is regulated by CySEC and is licensed to operate in the EU, traders can benefit from the platform’s reputation for security. Suppose you are looking for an online broker that provides a wide variety of asset classes and low commissions while offering extensive learning material for traders. Founded in 2014, Alvexo has experienced exponential growth and currently has clients in over 100 countries across the globe. The MT4 trading platform is offered by Alvexo, but it lacks many of the add-ons offered by other brokers that can turn this platform into a true powerhouse. MT4 fully supports automated trading and remains the most popular choice among retail traders.
The minimum deposit size is available on request only, but given the structure implemented, it is likely above €50,000 as the minimum lots size is increased to 0.25 lots. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Although one of the newer trading platforms on the scene, Alvexo have nevertheless managed to quickly build up a name for themselves in a relatively short amount of time. Founded as a collaboration between experienced forex trading professionals and fintech innovators, Alvexo is one of a new breed of trading platforms aiming to disrupt the industry. The web-based platform, called the ‘Alvexo Web Trader’, can be accessed from your browser and features speedy trade execution, advanced charting features, and a wide array of trading tools. Again, spreads can vary wildly depending on the broker, although Alvexo’s spreads can be as low as 2.9 pips for users with a Classic account. However, spreads are reduced even further for users with a Gold account, starting at only 2.2 pips. Finally, Prime accounts can benefit from spreads starting at 1.8 pips, whilst Elite account holders can trade with spreads from 0.1 pips.
While the company does not charge a penny for making deposits and withdrawals, it does charge fees for commissions and spreads on available tradable assets. The fees charged by Alvexo are somewhat high in contrast to other brokers in the foreign exchange industry. Commission costs for trading stock CFDs can range from $0.015 to $0.025 per share, while for other assets, the costs can be up to $50 per lot. Research is broken down into market updates, trading signals, an economic calendar, trading calculators, and a blog. The educational division features articles and tutorials, a glossary, and an FAQ section.
You get the impression that they don’t prioritize answers, but respond as they go along, which clearly spoils the overall experience. I hope they reconsider their approach to customer service, because if not, this is a great place to work. To delete an account users will need to email a request form to The customer support team will then process the request. However, trading in certain products is subject to respective market opening times.
- Regrettably, there were no real unique features discovered during our Alvexo review.
- In terms of its trading platforms, Alvexo offers its WebTrader web-based platform, a versatile and fully-functional mobile app, and the ability to use MetaTrader4, which is the industry standard.
- Trading is risky and you might lose part, or all your capital invested.
- Couple of days of fruitful scrutinizing have passed and I realzed what I needed.
- The broker provides analytics as well as innovative tools to improve the quality of trading.
- By boosting your position size in this way, you can significantly increase potential profits; however, this means that potential losses can be far higher too.
We had to dive deep into the back pages to find it, something that most potential clients won’t do and could leave not knowing this information. 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. In total, Alvexo offers trading on more than 140 assets, including currency pairs, indices, stocks and commodities.
Alvexo is primarily a CFD broker and provides many of the same services as stockbrokers, including a web-based trading platform, a mobile app, and even MT4 support for forex trading. As Alvexo essentially offers CFDs, the platform’s commissions are built into the spread quoted for each asset. Spreads can change depending on the type of account used but can be as low as 2.9 pips on the classic account. In particular, the spread is the only commission charged; no additional transaction fees apply.
What are Alvexo’s minimum deposit and withdrawal amounts?
Market updates consist of market trends published once per week, a daily analysis, and a weekly report. The content remains brief but is on topic, the presentation is clean, and the outcome is acceptable. Trading signals are provided free of charge and advertised with an accuracy rate of 82%. One could suggest that if more of Alvexo’s traders used the brokerage’s trading signals, their overall client loss rate wouldn’t be sitting at 79 percent. Over 450 assets including Forex, indices, commodities, equities, and cryptocurrencies are available at Alvexo.