Here you’ll be able to quickly create a trading order using either quantity in Lots, in currency value or in required margin. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up. While we found the Alvexo phone support satisfactory, there is room for improvement in response time. While it may be a new skill set for some, it is what the market requires for success. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease.

Trading online with Alvexo requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the Alvexo trading tools and features. That’s why we’ve compiled this detailed Alvexo review with some important information that will hopefully make you more informed when online trading with Alvexo. We aim to provide you with all the information in this Alvexo review you need to determine if Alvexo is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to Alvexo, so you can make a more informed decision and compare other brokers against Alvexo. This detailed Alvexo review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Spread Betting, .

In order to open a classic account, a minimum deposit of €500 is required. You can only trade with this account type if you are interested in trading Forex, commodities, indexes, and cryptocurrencies. This resulted in a significant reduction of the number of assets available from the 450+ advertised previously. The broker’s Gold account is the most popular, but it requires a minimum deposit of €5,000 to open. In addition, the spread minimum has changed from 2.2 pips to 2.2 pips.

1. The website provides a commission-free trading structure for all Classic, Prime, and Gold members.
2. Trading signals are provided free of charge and marketed with an accuracy rate of 82%, though we didn’t test them ourselves.
3. Alvexo customer support or compliance department can be easily accessed through their live chat function, which can be found right at the bottom of the screen.
4. Some essential documentation is required to prove the identity of the new user, which is a regular KYC ID check-up.
5. All payments made to Alvexo by traders are securely held in a segregated bank account.
6. Alvexo’s trading charts were very slow, unresponsive and lacked the feeling of a properly developed charting platform.

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. Over 450 assets including Forex, indices, commodities, equities, and cryptocurrencies are available at Alvexo. The overall solid asset selection allows most retail traders to adequately diversify their portfolios, but the drawback to the asset alvexo forex trading selection is unacceptable spreads and commissions. Alvexo additionally executed a terrible task on listing available assets. While they are arranged by asset class, and a search function is present, the list only includes five assets, and traders need to scroll through a sometimes extensive list. Clicking on “View full details” opens a new tab and displays swap rates for the asset.

Alvexo Mobile App

TopForexBrokers.Net team does not trust this broker and advises you not to sign up with it. As well as writing content, Carlos is a skilled researcher who regularly investigates new crypto projects to understand their potential. He uses these skills within his content writing work to provide an analytical overview and helpful insight to readers. The account creation process is extremely streamlined and can be completed on your mobile device, laptop, or tablet.

What is the maximum leverage offered by Alvexo?

You will be asked to enter your name and email address on the following page before choosing a password for your account. Some essential documentation is required to prove the identity of the new user, which is a regular KYC ID check-up. This mandatory KYC regulation is a standard practice with which Alvexo provides a secure financial environment to its users. Nevertheless, the broker excels in education, earning a rating of 6.91, indicating a strong focus on providing resources and training for traders of all levels. Deposits made via credit or debit card or e-wallets generally get credited immediately to a trading account, while those made via wire transfers can take up to four days to show up. All information on 55brokers.com is only published for general information purposes.

Are Alvexo safe?

Alvexo offers CFD trading in over 450 assets across five categories and claims that technology fulfills a vital role in its trading environment. This broker has a research department, hosts annual events, and provides traders with the MT4 trading platform on top of its proprietary WebTrader. Education is also highlighted in Alvexo’s approach to achieve long-term trading satisfaction. An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees.

Notice how the same tabs available in the mobile platform inside an asset are available above the trading chart. News articles seem to be redacted by their own team and in the majority of cases we only see one author in all news articles, so he must have a lot of work apparently. As you can see, Alvexo’s spreads are far more expensive than even some of the most expensive (in terms of spreads) brokers out there.

How to Start Trading with Alvexo UAE

Stop Loss orders are guaranteed only during market hours and under normal trading conditions. With Negative balance protection, traders cannot lose more money than they have deposited. It’s essential to take the time to learn about the financial markets and understand how they move before diving into trading with Alvexo. Familiarizing yourself with the Alvexo trading platform is crucial to use it effectively. It’s important to note that Alvexo requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks.

It is important to note that Alvexo may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Alvexo platform and features immediately. However, you must pass the verification process to start live trading with Alvexo, which can take up to a few business days. The effect of leverage on profits and losses magnifies them in both directions. In other words, Alvexo leverage profits and losses are magnified when trading.

When considering Alvexo for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Alvexo, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. This company is a total scammed company you deposit your money but no way to withdraw. As soon as you visit Alvexo’s website, you’ll notice that it has really good research and teaching initiatives to support its traders. They seem to put true effort into improving their customers’ understanding of the markets.

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. It’s time to mention some of the features offered by the platform with their respective analysis.

You must first complete the account registration process before making a deposit. Next, you will need to visit your account dashboard and enter the personal information required for Alvexo’s KYC checks. After you register for an account, you will be required to upload a photo ID and proof of address in order to verify your account. In order to avoid claiming ownership of assets and securities, you must keep in mind you are not directly acquiring them. Binance, the world’s largest cryptocurrency exchange, is preparing for yet another legal faceoff with the U.S. Securities and Exchange Commission (SEC) in a Washington courtroom today.

Alvexo offers a demo account that provides access to certain products. Still, the complete set of instruments is available only to those investors & other traders who complete the second registration phase. The second phase includes certain form filling and a minimum cash deposit. Basically, 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. 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.

Alvexo Alternative Brokers

Alvexo does offer free signals, a service that not every broker offers. Swap rates on overnight positions apply, but Alvexo fails to mention them (or, at least, we saw no reference to the spreads during our Alvexo review). Corporate actions are also not mentioned in detail but appear to be applicable to equity and index CFDs.

” opens a new tab populated with articles and video tutorials, the content is solid but again littered with marketing material from this broker. This may help explain why the education provided appears to disconnect with traders, the academic atmosphere is not provided, and a marketing-focused presentation is dominant. Five banners are embedded with each educational article, and therefore the Trading Academy is a bit distracting when it should be designed for ease of use.