alvexo signals review

You work with a regulated entity and you can apply a broad range of strategies. There’s always a bit of room for improvement, but I am satisfied with them. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading https://forexbroker-listing.com/ 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. I respect how the broker puts such a strong emphasis on offering industry leading customer support to help you thrive.

Customer Support

The broker, Alvexo can be found on YouTube, Instagram, Facebook, Twitter, and last but not least, LinkedIn. The next way is to call them on one of their many toll-free landlines. The firm does not have a physical presence in most of the following regions, but you can still call them using the numbers provided in this review.

Does Alvexo offer the MetaTrader Trading Platform?

alvexo signals review

There will never be a situation where your money is at risk and you will not have to worry about being scammed and losing all your money. The Alvexo com platform has lowered the minimum account amount to $250. One thing to note is that the Alvexo com platform does not charge any commissions or fees for deposit or withdrawal of funds, so if any amount is charged by intermediaries, it can be declined. Platforms are increasingly using mobile applications to communicate with their users. The majority of platforms provide an application for iOS as well as Android, allowing customers to stay connected wherever and whenever they like. One of the unique features of the Alvexo trading system is that the trading academy is also educational for a broker.

alvexo signals review

Types of Alvexo Trading Platforms

Within Alvexo, the word «expensive» gets a whole new definition of its own. Their spreads are amongst the highest we have ever observed in the industry even if you choose to deposit $50,000 to get access to a «Prime» account. If you have experience trading with Alvexo please share your personal review of the broker and what you think are strong and weak points. This average customer rating is based on 1 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).

Our Trading Platforms

alvexo signals review

The Alvexo offers CFD trading in more than 450 tradable assets across 5 categories. It is worth mentioning that the technology used by this CFD broker fulfills an important role in the trading environment. 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%.

The Trustpilot Experience

  1. The account creation process is extremely streamlined and can be completed on your mobile device, laptop, or tablet.
  2. 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.
  3. The company is a member of the Investor Compensation Fund (ICF) and is subject to maintaining minimum capital requirements.
  4. Spreads and commissions are extremely high, neither trading platform provided-as-is grants traders the required edge in today’s markets, and transparency regarding key costs are absent.
  5. After spending time as an active trader himself, he has a good understanding of TradingPlatforms and best practices and uses this to create informative content for TradingPlatforms.

If you are a beginner, you may find the trading academy useful. I think the minimum $500 deposit is quite high when compared to many other brokers but they do have free demo accounts if you want to practice trading before making a financial commitment. 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.

Another aspect of the broker that impressed me was that they have a great choice of flexible accounts to cater for individual trader’s needs. The account type that you opt for will determine your trading conditions and the duration of the services available to you. Thus, it is imperative to choose an account that best reflects your trading budget and requirements. alvexo forex broker It refreshes my weary brain a little bit.But on the downside the broker definitely needs to add more instruments. Customers can also reach the support team at 1 Agias Fylaxeos street Limassol, 3025 Cyprus. Any trader with a query regarding the platform’s features, fees, bonuses, and functionality can get in touch with the broker’s customer support for assistance.

The broker is a market maker that makes additional profits from the losses of its traders by acting as a counterparty to open positions. Spreads may differ depending on the type of account but are highly competitive. Spreads on classic accounts start at 2.9 pips and go down to 0.1 pips for Elite account holders.

In particular, the spread is the only commission charged; no additional transaction fees apply. Spreads start from zero pips whilst there is a $18 round turn commission charged. Account holders get 6 months free 1 on 1 support, access to SMS trading signals/analysis, daily market review and daily live review. Spreads start from 2.2 pips whilst there is zero commission charged. Account holders get 2 months free 1 on 1 support, access to SMS trading signals/analysis and daily market review.

We’re definitely looking forward to Alvexo improving their educational offer for new traders. Our opinion is that we usually never trust this type of indicator as we don’t know on what metrics its based. Alvexo’s trading charts were very slow, unresponsive and lacked the feeling of a properly developed charting platform. Nowadays, most brokers use tradingview for their charts, we can’t seem to understand why Alvexo would use such slow and uncomfortable.

The execution speed is commendable, ensuring that my trades are executed swiftly and accurately. 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. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

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