Alvexo is a European licensed Forex CFD broker, that is owned & operated by; VPR Safe Financial Group Limited.
Officially located at: 1 Agias Fylaxeos Street, Limassol 3025 Cyprus. Their phone number in Cyprus is: +35725030482 and in the United Kingdom: +44 203 769 9390. Email address for account verification is: [email protected].
For complaints and withdrawal problems, read this.
Alvexo Broker Review
Our review of the broker Alvexo finds, that they are offering day traders and investors, the popular MT4 trading platform. They have available the desktop standalone version along with the web based platform. Their unique mobile trading app has more than 50k downloads on Google Play and a 3.2 star rating. You will also find a unique web-based trading app. The website and customer support is available in; English, French, Arabic, Spanish, German and Italian.
They offer in total more than 450 underlying assets for CFD trading. This includes; all popular currency pairs, stock market indexes, agriculture and energy commodities like Brent, Crude Oil, Corn, Coffee, Wheat and Sugar. Crypto Currency trading is available on; Bitcoin, Litecoin, Ripple and Ethereum.
Alvexo also provides newbie and experienced traders, with basic education through the Alvexo Trading Academy. Investors are provided with high level market updates and news, by way of a blog maintained by high profile writers.
Trading Account Types
Maximum leverage on currency pairs, commodities and indexes is 1:30 for retail investors and 1:300 for professionals. The spreads vary from as low as 0 pips on ECN accounts, to 2.9 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 $500, and there are 4 different account types which offer various benefits.
Is Alvexo a Legitimate Broker?
Well that depends on your country of residence. Currently the E.U. license for Alvexo from CySEC is suspended. Check for updates here.
The way that the Scam Broker Investigator reviews a broker to know if they are a scam or legitimate, is by verifying that they have a valid brokerage firm license. The reason why investors only invest with a licensed broker, is because that is how you know that your funds are kept safe in a segregated bank account.
- European Union: Alvexo is licensed and regulated by CySEC in Cyprus, with license number: 236/14. They have also registered at the FCA (Reference number: 683301). European website is at: https://Alvexo.eu/.
- Rest of the World: HSN Capital Group Limited, 8422417-1 located at: HIS Building, Office 5, Providence, Mahe, Seychelles is regulated by The Financial Services Authority (FSA) of Seychelles with license number SD030. International website is at: https://Alvexo.com/.
Compare Forex Brokers
Smart investors always research more than one broker, so that they can make a good choice. You need to compare brokers based on their: minimum deposit, commissions, spreads and available assets.
ForTrade is a broker that is licensed and regulated by FCA England, see here. Investors enjoy using their customized trading software because it is user friendly. Get a Free demo at: ForTrade.com.
If you are currently investing with Alvexo, please share their experience in the comments below, so that other investors can read it.