Alvexo is a European licensed Forex CFD broker, that is owned & operated by; VPR Safe Financial Group Limited.
The Alvexo broker is 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.
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 and mobile versions. 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 60 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 new and experienced traders with basic or enhanced 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, see here.
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 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 now $500, and there are 5 different account types which offer various benefits.
Is Alvexo a Legitimate Broker?
When the Scam Broker Investigator reviews a broker to know if they are a scam or legitimate, we check if they have a valid license. The main reason investors always use a licensed broker, is because then you know your funds are kept in segregated accounts.
- 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.
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