Otherwise, I don’t think it is fair that you need deeper pockets for better trading conditions. I think economic calendars are a vital tool and I often use them to see what is happening in the markets. I would prefer to have it included within the platform as I feel that this makes it much easier to check.
This 2025 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FX broker performance and features. Elite Account – tailor made account with pips as low as 0.1, for more information traders are asked to contact the broker directly.
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). Spreads vary according to the account, however, they are competitive. The EUR/USD spread starts at 2.9 pips for Classic account holders and drops as low as 0.1 pips with the Elite option. The brief market updates represent a solid service provided by Alvexo.
Access financial market instruments, globally
Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. The broker offers a 30% and 75% trading credit bonus from time to time on first deposits and each subsequent deposit, respectively. Each type comes with different leverage options and minimum deposit requirements. The broker offered services in Europe through VPR Safe Financial Group Ltd., which was regulated by CySEC.
Deposits and Withdrawals
- Somehow, remember that different instrument has different trading conditions.
- The next way is to call them on one of their many toll-free landlines.
- One of the requirements to attain this title is that your minimum account size has to be 10,000 €.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
- You can utilise these market updates to keep tabs on global current affairs, market reactions, inspire potential trade opportunities and as part of your overall trading strategy.
They welcome all of your general and technical questions via an online form, telephone and email. The broker is headquartered in Cyprus with contact numbers in multiple countries to cater to different client’s geo-locations. I like how support is multilingual available in English, French, Portuguese, Italian, Russian & Arabic. I have tested many brokers over the years and I didn’t find them to have the lowest spreads or commission fees.
- Unfortunately, there is no account with zero spreads and low commissions offered by Alvexo.
- Note that the hotlines are virtual toll-free landlines and don’t indicate a physical office in the related country.
- Account holders get 6 months free 1 on 1 support, access to SMS trading signals/analysis, daily market review and daily live review.
- If your country is not accepted, please feel free to look at our broker reviews for an alternative option.
- You will then need to upload a proof of identification such as a passport or drivers license and a proof of address such as a utility bill no more than 3 months old.
Alvexo fees compared to Interactive Brokers fees
It provides novice users’ access to the necessary trading tools, but not all of them. You have to complete the second stage of the registration process so that you can use the full range of trading tools. However, the funds are refundable if you decide to change your mind and no use the platform anymore.
Alvexo fees compared to AvaTrade fees
The economic calendar returned a blank section, while the four trading calculators are better presented as an MT4 plugin for a proper deal ticket. Still, the mix of different font sizes, colors, and overall design created an interrupted read, as did endless adds for Alvexo products. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. 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.
The Prime account requires a €10,000 minimum deposit to receive a reduction in the minimum spread to 1.8 pips. 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.
The Trading Academy is an excellent idea, and marks the prime service offered. 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.
You may need to verify your account to remove limits on methods in some countries. All funds deposited into your trading account must be under the same name. There is also a dispute resolution process that can be used in case you have any dissatisfaction with services, account or activity issues. The customer support team strives to resolve any complaints in a prompt and satisfactory manner, within 1 business day. Based on my experience, I have found them to be very helpful and would not hesitate to reach out to them in the future. Islamic swap-free accounts that comply with Sharia law are also available upon request.
It would not be a random call but is particularly tailor-made for your account and your experience level. The aim is to make you a more effective trader and make your set of skills better, instead of merely telling you instructions or answering your questions. You can open an account by applying online, which you can do by clicking the green alvexo forex broker “open account” link on the homepage. It the procedure that prospective applicants undergo throughout this industry if they are interested in trading. The company burst into the highly competitive financial scene in 2014.
The best features offered by Alvexo are the its learning offerings, but those must be picked through carefully to find the right ones. Regrettably, there were no real unique features discovered during our Alvexo review. 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.
You can access real-time market quotes and price feeds, view charts and manage positions from the palm of your hands on both Android and iOS devices. The Alvexo app is freely available to download from the relevant app stores or directly from the website. Only the 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.