Alvexo - Forex Trading Review

Even by the standards of many of the sites in this rapidly expanding space, Alvexo is a relative newcomer, having only been founded in 2014. It is a global investments brokerage owned and operated by VPR Safe Financial Group Limited and subject to the regulation of the Cyprus Securities and Exchange Commission (CySEC). 

Accounts

While, in common with many other Forex brokers, Alvexo gives you the option of opening a free demo account so that you can get accustomed to the interface and start trying out trading strategies in a risk-free manner, when the time comes for you to seriously trade, you will have four accounts from which to choose.

These accounts naturally vary in line with the different abilities and goals of the site's members. But if you just want a no-nonsense package to start off with, the Classic Account should serve you fine, with its spreads from 3.3 pips and leverage of up to 400:1. 

Alvexo screenshot

 

Alvexo Bonus

Those who sign up to the site and verify their email can help themselves to a free $25, but otherwise, Alvexo doesn't appear to place a great emphasis on promotions or bonuses. 

 

Start Trading

 

Features

Alvexo enables you to easily trade share, index and commodity CFDs, although if you wish to invest in stock CFDs, you will need to open an ECN account.

The Alvexo website is simple to use and informative, with one of its most eye-catching features being an Account Generator. This feature allows you to determine the account that is the best fit for you in accordance with such factors as your annual income and what you are looking to trade.

The other tools that Alvexo offers its traders to help them to get the most out of the market include online trading calculators such as a Currency Converter, Profit Calculator, Margin Calculator and Pip Calculator.

Platforms

There are three platforms that Alvexo traders can call upon, including Web Trader, which gives the user the ability to trade from anywhere with any Internet-connected device, with no need to download any software.

However, the world's most renowned trading platform - MetaTrader 4 - can also be downloaded at Alvexo, granting the trader access to such acclaimed features as multiple order execution types, chart-based trading and position keeping and trading alerts and signals.  

Finally, Alvexo also offers its very own mobile app for iOS, Android, Windows-Mobile and BlackBerry smartphones and tablets. It is characterised by a high level of functionality, as demonstrated by its incorporation of all symbols, order types and functions.

Education

The leading Forex brokers consistently provide education portals through which their members can build on their existing knowledge and fine-tune their trading strategies - and Alvexo is no different.

The resources in the Trading Academy part of the site encompass articles and tutorials on such subjects as the basics of Forex trading and how indicators and analysis can help you to formulate more advanced strategies.

There's also a glossary with which to familiarise yourself with the various common Forex-related terms, as well as a Frequently Asked Questions (FAQs) section answering such common questions as "When is the Forex market open for trading?" and "What are the best conditions to short a stock?"  

 

Alvexo forex trading screenshot

 

Deposits/Withdrawals

To deposit funds from the site's Trading Area, simply click 'Funds' on the left-hand side menu and click 'Deposit', choosing from accepted payment options including Visa, MasterCard and wire transfer. All transactions are 256-bit Rapid SSL encrypted, with member funds being protected in separate fiduciary accounts.

The withdrawal process is similarly straightforward, although those making withdrawal requests are advised by the site to allow three to five working days for it to be credited to their account. 

Customer Support

Assistance can be obtained via the ‘Trading Area’ itself by clicking ‘Help & Support’ in the left-hand side menu and taking advantage of the various ways to contact the site team, including email, phone and fax. You can even download a ‘Remote Control’ assistance program or request a call back at a time of day of your choosing.

Bottom Line

Alvexo might not offer a wealth of promotions and bonuses, but for a Forex broker so young, it provides a very comprehensive service, including access to multiple renowned trading platforms and account options to help ensure you can trade in exactly the way you wish.

When the extensive Trading Academy section and various other tools like calendars are considered, it becomes clear just why Alvexo is becoming an increasingly renowned name in Forex trading. We are certainly happy to recommend it here at Top 10 Forex Brokers UK

 

Start Trading

 

 

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