Alvexo

Alvexo Review: Is Alvexo Broker Good?

Broker overview and general information

Alvexo is a Forex and CFD broker established in 2014. It is operated by HSN Capital Group Ltd and is regulated by the Financial Services Authority (FSA) of Seychelles. The broker stands out for its focus on education and customer service, and offers its own dedicated platforms. The broker offers trading in a variety of assets including Forex, Stocks, Commodities, and Indices, with an emphasis on using cutting-edge technology to ensure fast and secure trading, along with segregated client funds and 24/5 customer support.

Broker Licensing and Regulation

If you ask whether Alvexo is good or not, you must first consider the license factor. The broker has the following licenses:

• Cyprus Securities and Exchange Commission (CySEC) license number 236/14 under VPR Safe Financial Group Ltd.

• Financial Services Authority (FSA Seychelles) License No. SD030 under HSN Capital Group Ltd (www.alvexo.com)

Broker Products and Services

Trading products

• Currency pairs (Forex):Major, minor and exotic currency pairs allow investors to profit from exchange rate changes in currencies around the world.

• Commodities:Such as gold, silver, crude oil, natural gas and agricultural products.

• share:Alvexo supports investment in shares of leading companies worldwide.

• index:It represents the stock market or a specific asset class, allowing investors to invest in the stock market without having to buy individual stocks.

Trading Platform

AlvexoThere are a variety of trading platforms available, with the main options being:

1. Alvexo web platform:

   • Easy to use:Accessible via browser without downloading software

   • Real-time information:Provides up-to-date market information

   • Fully equipped:There are a variety of chart analysis tools and trading functions.

   • Suitable for:Traders who want convenience and accessibility

2. Alvexo Mobile Application:

   • Use anywhere, anytime:Can be traded via smartphone

   • Full function:Check your portfolio, make trades and access news on your mobile.

   • Suitable for:Traders who want the convenience of trading off-site

Alvexo Account Types Review

Alvexo has 4 types of trading accounts as follows:

Classic Account

• Minimum deposit €500

• Spreads start from 2.9 pips

• Maximum leverage 30:1

• Stop out level 50%

• Minimum lot size 0.01 lot

• Tradable assets: Currencies, Commodities, Indices

Gold Account

• Minimum deposit €10,000

• Spreads start at 2.2 pips

• Maximum leverage 30:1

• Stop out level 50%

• Minimum lot size 0.05 lot

• Tradable assets: Currencies, Commodities, Indices

Prime Account

• Minimum deposit €50,000

• Spreads start at 1.8 pips

• Maximum leverage 30:1

• Stop out level 50%

• Minimum lot size 0.1 lot

• Tradable assets: Currencies, Commodities, Indices, Bonds, Stocks

Elite Account

• There is no minimum deposit stated (contact customer support).

• Spreads start from 0.1 pips

• Maximum leverage 30:1

• Stop out level 50%

• Minimum lot size 0.25 lots

• Tradable assets: Currencies, Commodities, Indices, Bonds, European and US stocks, Cannabis stocks

Deposit and Withdrawal Review

Deposits and Withdrawals

• Brokers supportMake transactions via card channelsMastercardandVisaIncluding other supported channels such as PayPal, Apple Pay, Google Pay 

Alvexo Customer Service 

• Tel : +357 25030482

• Website complaint form

Alvexo Review: Pros and Cons

Pros

• CySEC Supervision

• Multiple account types

Cons

• Limited Company Information

• Few contact channels

• High minimum deposit

• There are trading product limits for each account type.

• High spread

• Lack of explanation of deposit-withdrawal information and fees

• The withdrawal time is quite long.

Summary: Alvexo Broker Review: Is It Good?

From the overall information of Alvexo, it can be concluded that the broker still has a clear license from Cysec, which has been checked. Although there is news that it has been revoked, for other licenses that are listed on the broker's website, many of the licenses have expired. In other parts, the broker still meets the needs of traders quite well. There are overall factors ready, even though there is some unclear information, such as deposits and withdrawals. If anyone wants to use the service, they need to study the conditions carefully before investing.

Frequently asked questions about Alvexo

Q - How long does it take to process a withdrawal request?

A - Withdrawal process takes 4-7 business days or 14 business days in case of bank transfer.

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