About its history and mission
Alvexo, founded in 2014, is an online forex and CFDs broker offering a wide range of trading services to retail and institutional clients. The company is headquartered in Cyprus and is regulated by CySEC (Cyprus Securities and Exchange Commission), providing a secure and reliable environment for trading. Alvexo has quickly gained recognition in the trading community due to its advanced trading tools and educational resources aimed at empowering traders of all levels.
- Founded
- 2014
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- Segregated Account Funds
- Zero-commission policy
- User-friendly Proprietary Trading Platforms
- Well-Researched Educational Articles
- Excellent Customer Service Team
- High Minimum Deposit
- Limited Assets for Classic and Gold Account Holders
- High Non-Trading Fees
- No FAQ Page
Weaknesses
Safety and Regulations
Alvexo is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 236/14. The regulatory oversight from CySEC ensures that the broker adheres to strict financial and operational standards, providing a secure environment for traders and safeguarding clients' funds. Client funds are held in segregated accounts, separate from the company’s operational funds, which ensures that traders' money is protected. However, Alvexo does not provide additional insurance on client deposits, so traders should ensure they understand the risks involved in trading.
Regulators
- FSA
Instruments Available
Types of Accounts
Classic
- Minimum deposit
- $0
- Commission
- 2.9
- Available tools
- 0
- Leverage
- 1:1 to 100:1
- Margin call level
- Stop-out level
- 40
Gold
- Minimum deposit
- $0
- Commission
- 2.2
- Available tools
- 0
- Leverage
- 1:1 to 200:1
- Margin call level
- Stop-out level
- 35
Prime
- Minimum deposit
- $0
- Commission
- 1.8
- Available tools
- 0
- Leverage
- 1:1 to 300:1
- Margin call level
- Stop-out level
- 25
Elite
- Minimum deposit
- $0
- Commission
- 0.1
- Available tools
- 0
- Leverage
- 1:1 to 400:1
- Margin call level
- Stop-out level
- 15
Fees and Charges
Alvexo provides competitive spreads starting from 1.8 pips on major currency pairs. The Prime Account offers even tighter spreads. Commissions may apply for certain account types, especially when trading with raw spreads. Swap rates are charged on positions held overnight. These rates vary depending on the instrument traded and are subject to market conditions. Swap-free accounts are available for clients who prefer not to engage in interest-bearing trades. Alvexo charges an inactivity fee for accounts that remain dormant for a specified period, generally after 6 months of inactivity. Traders should ensure that they keep their accounts active to avoid these fees.
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
Is the broker regulated?
What trading platforms are available?
What is the minimum deposit required to open an account?
What types of accounts does the broker offer?
What fees and commissions are charged?
What is the maximum leverage available?
Are demo accounts available?
How can I contact customer support?
Users reviews
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