For its Muslim traders, Alvexo offers an Islamic account so that they can trade without having to receive or pay daily swap fees. All Islamic account holders are obliged to close any open CFD position within 45 calendar alvexo forex broker days of opening it. If you fail to do so, the firm reserves the right to terminate your swap-free privileges as this is a clear abuse of the agreement.
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The broker, at the time of writing, does not have an affiliate program. However, they do host many events for their clients to interact with their account managers and learn more about the trading world. The greatest marker of its safe reputation is the fact that its trading activities are regulated by competent regulatory authorities, like CySEC and FSA. Being regulated and registered with a law-abiding authority means that the broker will most definitely strictly adhere to the laws and regulations put forth by the concerned body.
I got to know this company during the…
Alvexo EU is a brand name of VPR Safe Financial Group Limited who are committed to protecting clients’ interests and security, in accordance with governing rules and guidelines. When clicking the buy or sell buttons of an asset, an order placement panel will deploy from the right side of the screen where you’ll be able to place your trade. When clicking the buy or sell buttons, you’ll land on the order placement panel. Here you’ll be able to quickly create a trading order using either quantity in Lots, in currency value or in required margin. Due to the current regulatory situation of Alvexo and the above news articles, we do not consider Alvexo to be a safe choice at the moment. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
An account is a fee that Alvexo and other brokers assesses on all accounts for the ability to keep an account on their platform. Withdrawals fees vary between Alvexo and Alvexo alternatives depending on where you are located and how much money you are withdrawing. When funding your Alvexo account there may be some Alvexo deposit fees which will vary depending on the payment method you use to deposit to your live Alvexo trading account. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
How to Open a Live Account with Alvexo’s Mobile Trading App
Users have access to a blog, analysis tools, market news, an economic calendar, plus market signals. Alvexo offers trading signals for free, which is nice and good, but with the spread of 2.9 pips good luck using them to your advantage. Alvexo does not charge commissions for stock CFDs trading, which we love to see from the broker. But since other spreads are high the broker has a lot of work to do.
Regulated By
Alvexo protects your data by ensuring platform integrity and client confidentiality via the use of the strictest safety protocols. Transactions and trades are protected with 256-bit RapidSSL encryption through a firewalled system. Transactions are executed by the highest PCI-Certified (currently Level-1 but subject to upgrade upon availability) service providers and servers located in SAS-70 certified data centres. Alvexo was founded in 2014 as a brand of VPR Safe Financial Group Limited, a CIF (Cyprus Investment Firm) company. There’s a transparent division of accounts, fast proprietary platform that was a surprise for me, cause I thought that it was impossible to create a good custom platform, and minimum deposit is also quite good. This is the sum that allows to diversify all the risks properly, I like it.Alvexo Plus deserves a separate overview, actually.
If segregation fails, then your trading account balance is covered in an amount up to €20,000 per person, per firm by the EU’s Investors Compensation Fund. Here you can find a number of useful resources, including tutorials, articles, and materials to learn both fundamental and technical analysis. Whilst primarily aimed at the novice and intermediate trader, there is something here for traders of all skill levels. Trading is risky and you might lose part, or all your capital invested. Information provided is for informational and educational purposes only and does not represent any type of financial advice and/or investment recommendation.
You can deposit via either debit card, credit card, wire transfer, or e-wallet (such as Google pay and Skrill). The time taken for your account to be credited varies depending on the type of payment method you choose. For example, wire transfers may take longer while deposits made via credit card may be made almost instantly. The app grants you access to powerful charts and data on all assets so that you’re fully aware of the current market trends. Alvexo has incorporated this feature into its powerful web-based trading platform, to make sure that orders are placed almost immediately. As a trader, you never want to miss out on a trade that could potentially up your game.
Before investing in the Alvexo platform, there are important factors to consider.Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Alvexo platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. Many might not know this but the broker offers so many useful features that are absolutely helpful to traders.
The lack of a live chat is a serious downside for any brokerage firm as clients will need substantial time or undergo extra costs to contact the broker in case issues arise during trading. Support is available in several different languages including English, French, Spanish, etc. The website is also multilingual and supports 6 languages in total. No additional commissions are charged on the Classic Account; however, a commission is charged on all transactions made in the other account types. Alvexo currently does not accept U.S. based clients, so traders residing in the United States should look elsewhere for brokerage services.
- The main advantage of trading CFDs is that you can go long (buy) or short (sell) without needing to own the underlying asset.
- One can use a credit or debit card and Alvexo accepts payments from credit and debit cards provided by MasterCard and Visa.You can use PayPal, funding your Alvexo account using a personal PayPal account.
- Our suite of three trading platforms has something for every kind of trader with access to over 450 global assets.
- The broker makes both a demo account and four additional trading account types available, depending on the size of a client’s initial deposit.
First and foremost, Alvexo offers a high level of trust and reliability. They provide a wealth of resources, which have been incredibly valuable to me. Another notable feature of Alvexo is its advanced trading tools and charts. The platform offers customizable charts and various technical indicators. The execution speed is commendable, ensuring that my trades are executed swiftly and accurately.
- This includes cryptocurrency trading, CFD trading on over 140 assets, as well as forex trading across over 40 major and minor currency pairs.
- On the other hand, classic accounts have access to Forex, commodities, and indices.
- I like that it is available on all devices and is always up to date.
- It also benefits from being accessible from any device that has a working web-browser and internet connection.
- The broker is licensed under the Seychelles Financial Services Authority.
Alvexo Educational Resources
You can customise the platform to be as simple or complex as you need it to be. This makes it a popular choice of platform for both new and experienced traders alike. You can enjoy a pleasurable trading experience with easy to use, engaging and powerful platforms that work seamlessly across your devices.
You can view previous, forecasted and actual results of each economic event. The calendar also includes filters to display the releases relevant to you. Economic releases are often used as part of a fundamental market analysis.