Alvexo is a Cyprus regulated Forex & CFD broker, that is owned by VPR Safe Financial Group Limited.
Alvexo brokers are 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]. Official brokers website is at: https://www.alvexo.com/.
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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 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. They offer some of the tightest spreads for Bitcoin trading.
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.
Their website and customer support is available in English, French, Arabic, German and Italian.
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).
- 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.
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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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