The Forex Broker Alvexo offers investors the popular MetaTrader4 trading platform. They have available the desktop standalone version along with the web based and mobile versions.
They offer in total more than 60 assets for trading including all of the popular currency pairs, some stock market indexes, along with agriculture and energy commodities like Brent, Crude Oil, Corn, Coffee, Wheat and Sugar. Their website and customer support is available in English, Français, العربية, Deutsch and Italian..
Maximum leverage on currency pairs is 400:1, and on commodities and indexes leverage is up too 100:1. The spreads vary from as low as 0 pips on ECN accounts, to 3.3 pips on the classic account. Trading on leverage is very risky, and new traders should make sure they fully understand the risks associated with using margin.
Minimum deposit for new accounts is only $500, and there are 4 different account types which offer various benefits, see here.
When the Scam Broker Investigator reviews a Forex broker to see if they are a scam broker or a legitimate broker, we look to see if they have a valid license. The main reason investors always use a licensed and regulated broker is to be sure that your funds are safe and kept in segregated accounts. We are amazed that in 2016, after the Swiss Franc fiasco, there are still forex traders who use unlicensed brokers.
Alvexo is licensed and regulated by CySEC in Cyprus, which is a member of the European Union. Their licensed number is: 236/14.
Smart investors always research more than one broker before making a final decision.
If you are currently trading with Alvexo, please share your experience in the comments section below for new investors to know.