Alvexo review – How good is the broker? – Real test for investors

Platform features and tools

Alvexo is at the forefront of new technology in dealing with online trading. They provide two: the Web Trader and MT4 or Meta Trader 4 (there’s a third option which is its mobile app but will be discussed in another segment). MT4 is widely recognized and utilized by traders, and other platforms have included that as one of their main features. It is an incredibly sophisticated and robust tool for trading, which is functional for seasoned users and newbies to the trading community.

You can download it to your computer or mobile phone. It can also be especially handy for on-the-go traders. Alvexo has its platform you can also utilize, which they have developed within their premises. It is a Web Trader software, which can be used by any internet browser. It functions as a separate entity and can also effectively operate as a supplemental tool for MT4.

It provides the user to accomplish technical analysis, oversee their trading positions and set up price alerts. Its software has an appealing and flawlessly segmented interface that focuses on responding efficiently to market fluctuations with little or no delay. Both have features distinct and separate from one other, but also fully complement each other. It is recommended to log in and utilize both platforms at the same time to get the most effective and comprehensive trading turnout to maximize earnings.

Here are their best features:

• Market signals
• Nine timeframes and thirty technical indicators
• Multiple order types
• Real-time alerts
• Chart and graph tracking
• Tools for customization
• Instant execution

Mobile application

Alvexo also offers a mobile app for traders that are always busy and active all the time. It is called the “Alvexo Trader” app, which you can download for free from the Google Play Store or the App Store. It applies to any Android and iOS device. This app has features that other trading apps do not have, like total execution for all types of orders, including take-profit and stop-loss parameters.

In it, you can undertake regular services like trading in foreign exchange, commodities, cryptocurrencies, and indices. It has received glowingly positive reviews from previous users. It has many more features, including:

• Risk management tools
• Daily signals
• Real-time alerts
• Chart and graph tracking

Overall, it is a noteworthy app that is user-friendly and able to undertake intricate trading functions. It provides a consistent expansion to the website platform, which you can access your account immediately and with no difficulty whatsoever.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Creating an account

You can open an account by applying online, which you can do by clicking the green “open account” link on the homepage. It the procedure that prospective applicants undergo throughout this industry if they are interested in trading.

After clicking on it, you would be directed to a page where you would choose to either open a trading account or a demo account (the latter will be discussed further below). Here you will need to type in your personal information, email, and contact number. Then you have to select an account type, your country’s currency, and credit leverage. There are security measures in place, like automatically generating your password, which will keep your account safe from online fraudsters. Once done, click the Open the Trading Account box.

The form you have filled up will be sent to the company back-office, where human staff will check and verify your details to follow regulations. You would also need to send a copy of your driver’s license or any governmental ID and another document to show proof of your residence, which completes the process of verifying. If you are have not decided on an account and are confused about this option, you can opt to try the “account generator” tab. You have to put in the specific details like risk tolerance, experience level, investment style, etc. Then the site will use your answers and suggest what would be the best account, which perfectly suits you. It will also tell you how much you will need to make this account effective.

Once you have created an account, you will get a call from an account representative to verify your information and instruct you on the proper procedure for getting activated. 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.

A senior account rep will shadow you at most for one week. You will be opening a demo account. This way, you can trade without using real funds and not worry about losing money. It is done this way to make sure your skills are developing. And would not encounter any confusion once you start to trade.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Alvexo demo Account

If you still lack confidence in trading for real, then you can opt to utilize the demo account. 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. It will entail a particular amount to be deposited. However, the funds are refundable if you decide to change your mind and no use the platform anymore.

If you want to test your demo account, you will be credited with a virtual amount of 50k British pounds. You can use this to trade with the different assets without any fear of losing real money.

Methods for payment

You can finance your account in many ways:

• Credit cards: Visa, American Express, MasterCard
• Debit cards: Maestro, Visa Electron, V-Pay, CASH-U
• Electronic wallet: QIWI wallet
• Wire transfer

There are minimum deposits per account to make it valid. For Classic, you need to put in five hundred dollars, for an ECN or Gold requires 2.5k dollars, and Prime has to be 10k dollars. There are no deposit or withdrawal fees for each account. If you are going to withdraw your earnings, it will take three to five days. If you opt to get it via wire transfer, it will take longer than that. Alvexo only uses Euros and US dollars for these kinds of transactions.

Education and research

Once you have selected Alvexo as your online trading partner, there is a wide range of instructional materials that can assist in developing your trading skills. There is an “Academy” portion of the site that constantly posts new updates about a wide range of topics in the form of analysis reports, vlogs, articles, and tutorials.  It can be viewed by the most inexperienced traders and the most advanced ones.

One section that is especially effective for enhancing your skill is the link on “Advanced Trading Strategies.” Here you learn about increasing your knowledge and abilities to a better degree. It is a veritably fantastic opportunity because other brokerage platforms hardly do this on their sites to novice members.

The information is presented in a way that is clear, concise, and not confusing for beginners to the industry. There are also additional sections that give crucial details. These are similar to FAQ and Glossary portions, which provide basic trading info.

Many sections comprise research, which is:

• Market updates: These comprise market trends that occur on a daily and weekly basis. These are usually short and direct to the point.
• Trading signals: These are buying and selling market “calls,” that have an eighty-two percent accuracy rating and have no charge, which not every trading platform provides. These are used for profit generation.
• Economic calendar: These are scheduled dates of important events that can cause market fluctuations like the GDP Gross Domestic Product, Presidential elections, etc. At this time, it is currently blank.
• Trading calculators: This aids traders in calculating pip price, margin, or long and short swap.
• Blogs: These are articles relating to the company itself, the platform, and trading tips to assist users to become more effective traders.
• New additions: These include webinars, financial web TV, eBooks, and news articles.

Customer service

If you need an actual person to talk to that can help you in any issues you may have about the tools, features, or the Alvexo platform itself, you can call their customer support. There are multi-lingual operators you can talk to. They can speak different languages and come from countries like Brazil, Chile, Colombia, Malaysia, UK, etc. Each has separate customer service numbers, which you can get on the “Contact Us” link on the website. They have a head office number in Mahe, Seychelles, which is +24825030482.

The support reps have full knowledge of all the issues or queries you may encounter about the platform or trading itself and provide answers promptly. You can call them from Monday to Friday, from nine am to six pm. It might be challenging for a particular caller because of the time difference and availability of reps that speak the same language as the one needing assistance.

You can also send in a message on a web form located on the same page. It functions the same as a standard email when sent out.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Conclusion: Alvexo is a great deal

This platform is truly advantageous for sophisticated and advanced traders because the top-tier accounts provide low fees and have better tools. The trading dashboard is truly revelatory because it can be tailor-made to the needs of a particular trader. You can put up anything you deem necessary up there, which can invariably improve your trading prowess.

Compared to other online brokerage sites like Degiro or eToro, it better in a few aspects like:

• Competitive spreads
• Wide range of markets and assets
• Varied account options
• FSA-regulated

Aspects for improvement:

• Comprehensive info about deposits and withdrawals
• Inclusion of Meta Trader 5
• Not available for US traders
• The minimum deposit is too high

Overall, Alvexo is a stable online broker with positive reviews from veteran traders. They provide a user-friendly interface that is easy to navigate, with many educational tools to assist you to become better online traders.

Alvexo review

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Summary

Alvexo is a reliable broker that has great offering in different assets. However, the spreads are a bit too high.

5

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

FAQ – The most asked questions about Alvexo :

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Last Updated on January 27, 2023 by Arkady Müller

Risk Warning:

The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Your capital can be endangered. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations.

Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results.

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(Risk warning: 78.1% of retail CFD accounts lose money)