Alvexo Broker Review
Established in 2014, Alvexo is a relatively new Forex broker. Since then, Alvexo claims to have over 650,000 trading accounts. It is an impressive achievement, but it is not verified yet. Alvexo offers CFD trading in over 450 assets across five categories. It also describes that technology in its platform fulfills a vital role in the trading environment.
You can find our transparent Alvexo review below. Broker reviews are updated frequently!
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On top of its proprietary Web Trader platform, this broker offers traders the MetaTrader 4 trading platform and hosts annual events. Alvexo’s approach is to achieve long-term trading satisfaction along with an emphasis on education. One distinctive fact is that this broker also has an office in Paris, France, and its headquarters in Limassol, Cyprus.
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Alvexo has a loss rate of over 79%, and traders operate their portfolios at a loss. This is the upper end of the spectrum, while all brokers cannot publically elaborate on this information.
The broker is offering 5 distinct account types, and each type has unideal trading conditions. The classic account demands a minimum deposit of €500 while its spread starts from 2.9 Pips. Alvexo grants only Forex, commodity, index and cryptocurrency CFDs in classic accounts. Hence, there is less variety in asset selection from the advertised 450+ assets.
Pros / Cons
- 24/7 Support
- No FSCA Regulation
- No ZAR Account Currency
- Broker Not Verified
On the official website, Alvexo provides no information regarding deposits and withdrawals that is unusual. The Alvexo have multi-lingual support staff, including professional economists and analysts.
Further, many experienced brokers and personal account managers are also easily accessible through the company’s website, email, phone or fax. Alvexo is a great choice for novice investors because of its comprehensive guidance, educational materials, market veterans and excellent trading terms.
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Heinrich is a forex and CFD enthusiast with a passion for writing good informative quality content. He strives to showcase the best forex brokers in Africa. Join him on his Journey!
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