Designed to supplement the MT4 platform it allows users to manage their positions, set price alerts, and even carry out technical analysis. The WebTrader software has an attractive and clean layout but also it’s not just about appearances Currency Risk as the package contains tools to help the trader respond quickly to market conditions. Another area where fees need to be monitored is that of funding transfers. Alvexo trading accounts are denominated in Euro and US Dollars.
However, the funds are refundable if you decide to change your mind and no use the platform anymore. This way, you can trade without using real funds and not worry about losing money. It is done this way to make sure your skills are developing. And would not encounter any confusion once you start to trade. Only the Classic account does not charge a commission but has a higher spread.
Are Alvexo Regulated?
The company trading has been established by the VPR financial LTD, which is an investment firm in Cypriot with all rights reserved. Alvexo is regulated by the Australian Securities and Investments Commission , licenced in Australia and Hong Kong for stockbroking and corporate finance activities. One of the most important criteria for traders when choosing a broker like Alvexo is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money. Be aware that different entities under the Alvexo Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.
However, the freshest daily news entry was 5 days old at the time of our visit but the weekly updates were given for the current week. Unfortunately we couldn’t locate a glossary of terms or an FAQ section. The firm was founded by a team of market veterans and hi-tech professionals in 2014. In this Alvexo review, we Forex Club take a deeper look to help us determine whether you should invest with them or not. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. In this respect, the Company had also proceeded accordingly and compensated your trading account following the recent technical error that occurred.
For exam, they will tell you which currency pair is best suited to make profit. Get the power to trade anywhere with the mobile apps for iOS, Windows and Android devices. The mobile apps allow traders to benefit from trading all asset symbols, order types & functions. The mobile apps present the same 100% functionality as the MT4 desktop client, and it is possible to view real-time profit/loss positions.
All the brokers are regulated and offer competitive trading services on state of the art trading platforms. At Alvexo, you will have access to a demo account which is funded with $50,000 virtual money. This account is designed to help you learn about FX trading as well as get a better understanding of the Alvexo platform. Even though the broker is genuine on several fronts, there are some concerning Alvexo scam claims. Some traders claim that the broker’s team pressures traders into making more deposits even when a trader is making losses.
They act very professionally and I feel very satisfied with the conclusion. The information is presented in a way that is clear, concise, and not confusing for beginners to the industry. There are also additional sections that give crucial details. These are similar to FAQ and Glossary portions, which provide basic trading info.
This is if your broker accepts funding your account via a credit card. Since then, this broker claims to have over 650,000 registrations, a rather impressive accomplishment, but one that we could not verify during this Alvexo review. Alvexo offers CFD trading in over 450 assets across five categories and claims that technology fulfills a vital role in its trading environment. This broker has a research department, hosts annual events, and provides traders with the MT4 trading platform on top of its proprietary WebTrader. Education is also highlighted in Alvexo’s approach to achieve long-term trading satisfaction. An unusual fact remains that this broker opted for an office in Paris, France, besides its headquarters in Limassol, Cyprus.
This broker is a market maker and also profits from traders’ losses where it acts as the count-party to the positions taken. Overall, the beginning or experienced traders will find the best suitable option with well-supported feature at Alvexo. There are enriched tools, latest news, comprehensive research that enables you to make informed decisions using the transparent platforms. The broker performs STP execution with a range of account types to choose from, as well as an ECN account feature great for active or the algorithmic trading. Alvexo is a Cyprus based trading company that specializes in financial markets trading with availability to trade currencies and CFDs on Indices, Cryptocurrencies and Commodities.
Multi-lingual customer support staff are on standby from Monday to Friday, 9am – 6 pm. This is a significantly different offering from the 24/7 support offered forex trading by some other brokers. Alvexo have also developed their own in-house, cloud-based, WebTrader software that traders can use from any modern web-browser.
There is no sure-fire way to guarantee profits; therefore, you should carefully analyze your broker before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that’s not true. Wrong judgment, initially, can set your investments in danger. Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will create hefty returns. Alvexo is just one such stage that will take you and your investment to great heights.
- Trading signals are provided free of charge and advertised with an accuracy rate of 82%.
- Alvexo provides a robust, easy to use mobile app for customers for both iOS and Android devices.
- Nothing is set in stone when you trade, everyone knows this.
- There is an “Academy” portion of the site that constantly posts new updates about a wide range of topics in the form of analysis reports, vlogs, articles, and tutorials.
It has a license number of SD030 given to them by the FSA or Financial Services Authority of Seychelles, which regulates and supervises them. Currently, Alvexo has asserted that they have about 960k plus registrations, 4+ Million plus positions opened, and 202 billion plus trading volume, which is an astounding achievement alvexo broker review in itself. The min deposit with Alvexo depends upon the kind of account chosen. The deposit details have been tabulated below for the Alvexo reviews. These educational tools range from the very fundamentals of Forex trading to more advanced Webinars and courses, which can also be of use to intermediate traders.
Then you have to select an account type, your country’s currency, and credit leverage. There are security measures in place, like automatically generating your password, which will keep your account safe from online fraudsters. Alvexo, offers 5 different kinds of accounts, namely classic, gold, Prime, and ECN. All of these accounts required a different amount of size to operate. Brokers also provide the demo account trading option on the creation of accounts—the following steps needed to be followed to register with the Alvexo trade system. Also, to add on for more information, it is advisable to contact their Alvexo team for more clarity on the account.
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But definitely, I will recommend the site for everyone who is in this market. Alvexo offers the MT4 trading platform, as well as its WebTrader platform. The minimum trading size is listed as 0.01 lots, but dependent on account type; it is increased to as high as 0.25 lots. Alvexo collects its fees from spreads, commissions, and client losses where it acts as a direct counter-party; this broker is a market maker.
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Trading Experience And Customer Complaints
WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently. The Cyprus Securities and Exchange Commission was established in accordance with section 5 of the Securities and Exchange Commission Law of 2001 as a public legal entity. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Alvexo provides an opportunity to its dealers to close their trade at their specified price. Apart from this, Alvexo does not offer guaranteed stop loss. It supports over 10,000+ registered users and over 28 years of expertise on its own record.
There is at least one documented case of a client losing money as a result of an Alvexo trainer not giving the appropriate guidance as promised to the trader. An online complaint however led to the resolution of the issue amicably. The Alvexo brand operates segregated accounts where clients’ trading funds are warehoused, in accordance with regulatory requirements of the FCA and CySEC. This is a major step towards security of funds used for trading. Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.