However, trading in certain products is subject to respective market opening times. Trading out of hours can bring with it less trading volume and wider spreads. A suite of additional features is available to facilitate education and trading. Users have access to a blog, analysis tools, market news, an economic calendar, plus market signals.
Deposits
- 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.
- 76.22% of retail investor accounts lose money when trading CFDs with this provider.
- There is also a dispute resolution process that can be used in case you have any dissatisfaction with services, account or activity issues.
- Once the accounts team have verified your account, you will be able to fund it using any of the convenient deposit methods and you can then commence trading.
Her experience had been pleasant as she received her withdrawals on time, and also expressed great approval of their customer service team referring to them as “good”. The main point that she stressed, however, was that they were like any other good broker and weren’t anything exceptional, in her opinion. For its Muslim traders, Alvexo offers an Islamic account so that they can trade without having to receive or pay daily swap fees. All Islamic account holders are obliged to close any open CFD position within 45 calendar days of opening it. If you fail to do so, the firm reserves the right to terminate your swap-free privileges as this is a clear abuse of the agreement. Alvexo is one of the notable online trading platforms founded in 2014 with a crystal-clear aim to empower and educate traders that chose to trade with them.
Top Features
There is also an academy offering tutorials, webinars, and articles to help users identify and trade the price difference. The brokerage offer negative balance protection so you cannot lose more than your account balance. Spreads vary according to the account, however, they are competitive.
More specifically, Classic account holders have access to Alvexo Plus for 30 days with a personal consultation. Gold account holders have access to Alvexo Plus for 60 days with three monthly consultations with a specialist. Alvexo Plus members can receive up to 5 personal consultations per month for 120 days. Alvexo Brokers has over 450 financial tools with thousands of registered traders worldwide, including the UAE, Singapore, and France.
Alvexo is a Seychelles-based Forex and CFD broker that offers access to over 550 tradable instruments, including Forex, commodities, cryptocurrencies, indices, and stock CFDs. The broker is regulated by the Seychelles Financial Services Authority and keeps client funds in segregated accounts. However, the broker charges high spreads starting from 2.9 pips, and negative balance protection is not applied to all clients. The minimum deposit required for the Classic account is 500 USD, which is relatively high compared to other brokers, and educational materials are only available for 30 days. The fees on withdrawals are charged by both the broker and payment service providers.
To access the live market on the Alvexo mobile platform, you have to open an account by following these steps. Traders on Alvexo can trade from their desktops through either alvexo forex broker the Alvexo Webtrader or the MetaQuotes’ MT4 trading app, but there are no proprietary Alvexo apps for desktop. However, we will concern ourselves with their proprietary platform, the Alvexo Webtrader.
However, they don’t have the lowest spreads or commission fees that I have come across. I think they could also improve by introducing the MetaTrader 5 platform and some more payment options. I would have liked to have the option to contact support over live chat.
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. In conclusion, Alvexo stands out for its innovative features and ease of use, making it a compelling choice for both new and experienced traders.
When clicking on the news tab above the trading chart of any asset, you’ll land on the news section created by Alvexo. The web order placement panel is exactly the same as the one in the mobile app. It would be great to see real news sources from reputable providers such as Reuters, Bloomberg, etc. Alvexo’s mobile news are only available inside each asset on the News tab.
Islamic Account (Swap-free)
This average customer rating is based on 3 Alvexo customer reviews submitted by our visitors. Alvexo is a legitimate broker that is safe to trade with and not a scam. Alvexo (Europe), is operated by VPR Safe Financial Group Limited and regulated by the Cyprus Securities and Exchange Commission (CySEC). Leverage should be utilised only when traders understand the risks involved. Verification can help ensure real people are writing the reviews you read on Trustpilot. We use dedicated people and clever technology to safeguard our platform.
What Can You Invest in and Trade on Alvexo UK?
Tell us and if we have the right information, we will actively support your case through mediation with the broker. The broker’s fees are quite high, given the fact that most are integrated in the spreads, and the spreads are made very high. Other users are satisfied with the security features of the platform. Traders on Alvexo are able to deposit funds using either of the four methods, namely debit cards, credit cards, e-wallets, and bank wire transfers. This is a fairly diverse set of options, though others like crypto and internet banking are not supported. The notifications section allows traders to view all available messages related to their activities on the app.
How to Open a Live Account with Alvexo’s Mobile Trading App
- That being said, I would still feel confident that my funds are safe and have no trouble trading with them.
- 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.
- She highlighted that their “investment tips” and “educational materials” were their main selling points.
- In this review, we’ll cover everything about the broker in detail, including supported trading platforms & apps, account types, fees, spreads, commissions, and safety measures.
- This may impact how, where and which companies / services we review and write about.
Still, the mix of different font sizes, colors, and overall design created an interrupted read, as did endless adds for Alvexo products. 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. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications.
The Alvexo platform will also advise you on the amount of money you should invest at the beginning. Alvexo’s recommendations receive a lot of very positive feedback from traders, and therefore these recommendations are trustworthy. The calls are adjusted so that new traders should get an idea on how to start trading, while in the case of experienced level traders, it helps an advanced level of skill set. This includes a proprietary web-based trading platform, dedicated mobile app, as well as the MetaTrader 4 app. The web-trader platform is streamlined, robust, and relatively easy to use for beginners.
Many might not know this but the broker…
He has a plethora of experience in both forex and cryptocurrency and is able to explain complex terms in a user-friendly way. To go to the deposit menu, click on the ‘Deposit Funds’ button in the top right corner. 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.
It is a veritably fantastic opportunity because other brokerage platforms hardly do this on their sites to novice members. The company burst into the highly competitive financial scene in 2014. It is headquartered at the HIS Building, Office 5, Providence, in Mahe, Seychelles. It has a license number of SD030 given to them by the FSA or Financial Services Authority of Seychelles, which regulates and supervises them. Currently, Alvexo has asserted that they have about 960k plus registrations, 4+ Million plus positions opened, and 202 billion plus trading volume, which is an astounding achievement in itself.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. The market updates section of the website contains frequently updated daily and weekly market analysis. I thought that the articles were in-depth and appreciated how they are covering a variety of markets with technical and fundamental analysis.
Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Yes, the broker offers the Alvexo Trader platform, which is available on both Desktop and Mobile. Although users cannot buy real Bitcoin, they can trade or buy BTC through CFD only. Transactions and trades are protected with 256-bit RapidSSL encryption and firewalls are set up. Alvexo has a 3.2-star rating on TrustPilot, making it an average broker. Around 70% of reviews were positive while a smaller 25% of them were negative.