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 24/100 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)
⚠️Warning: The broker's website displays various licenses, but upon inspection, many of the licenses displayed have expired or have been canceled by the regulatory authorities.
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:
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
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
⚠️Warning: Since the broker's website does not provide information on minimum deposits and withdrawals, processing times, and fees, please study the details before deciding to invest.
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.
Choose the safest and most suitable broker with TrustFinance reviews
Start trading Forex easily. Choose a safe and reliable broker with TrustFinance. A source of information and reviews of over 180,000 Forex brokers and financial companies, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX and many more.
Alvexo Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.
