Alvexo is an online platform that offers a wide range of educational resources, trading accounts, and trading assets. This article provides a review of Alvexo that is the latest and best trading platform. Read this article to get the latest information about the Company.
About Alvexo
Alvexo is a Forex CFD broker licensed in Europe, owned and operated by VPR (Safe Financial Group Limited). It is located at 1 Agias Fylaxeos Street, Limassol, 3025, Cyprus. The email address for the account verification is [email protected]. Alvexo’s telephone number in Cyprus is 35725030482 and in the UK 44-203-769-9390. In our test of AlveXo, we found that it offers day traders and investors a popular MT4 trading platform.
Alvexo is owned and operated by the Cypriot investment firm VPR Safe Financial Group Ltd. The Company is supervised and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license number 236 / 14. The license was granted on March 6, 2014.
The Company behind the trading was set up as VPR Financial Ltd, an investment firm with Cypriot rights and reserves. Alvexo finds the basic income in the form of fees it charges for commission surcharges on assets on offer. No withdrawal or deposit fees are attached to the AlveXo trading system.
Trading Accounts
All Alvexo trading accounts are denominated in euros and US dollars. Funds can be transferred to accounts in other currencies (e.g. GBP or Pound Sterling) and exchanged between Euro and USD, depending on the account holder’s preference. There is no area fee and no need to monitor money transfers.
Commission
There are no commissions: Alvexo operates a volume-based commission system, and three of the four account types are offered. Dealers may like to pay fees as they are part of the market, but at least at AlveXo, there is a choice of approaches. The chances are that at least one of the classic account options will take a commission-free approach, but they could come with a widespread. There are four accounts to choose from, increasing the likelihood that one type of account corresponds to a personal trading style.
Deposit
Alvexo does not require a minimum deposit to open its trading account. Brokers typically don’t require a minimum deposit to attract new customers. Instead, they offer a lower minimum deposit aimed at a mainstream audience that may not need advanced features and research tools.
The minimum deposit is 500 Euro, the minimum withdrawal is 100 Euro, and the processing time is 4-7 business days. Information about deposits and withdrawals is scarce, which is never good. Leverage can rise from 1% to 300% or more.
Leverages
Leveraged trading in Europe is limited to 1 / 30. Customers operating under FSA rules can benefit from a higher leverage ratio of up to 1 / 300. Leverage should only be used by traders who understand the risks involved. Alvexo offers a mobile app to facilitate trading on the go.
Alvexo Leverage Levels: Alvexos Leverage levels depend on the instrument you trade with and are defined by regulatory constraints. When trading with European companies regulated by the CYSEC, you can use low leverage ratios of no more than 1-30% for large currencies, 1-20% for smaller currencies and 1-10% for commodities. However, AlveXo companies in Seychelles offer higher leverage ratios of up to 1-400% for all major currency pairs.
Additional Services
Alvexo offers its customers various additional services depending on the type of account, with some types requiring a higher initial deposit and others with more features. The review found that alvexo is regulated by Cyprus Securities Exchange Limited (Cysec), and regulators approved the account licence in 2014. As an EU member, alvexo is subject to all regulations and cross-border EU rules. Besides, alvexo complies with the Financial Instruments Directive and the EU Anti-Money Laundering Directive 4th Edition.
Cross-border regulations apply as a member of the EU. The Company complies with the Market in Financial Instruments Directives 2014 / 65 / EU, MiFID II and the 4th EU Anti-Money Laundering Directive (the legal documents published here).
Under the mandate of the 2014 / 49 EU Directive, all EU brokers participate in the Investor Compensation Fund (CIF), which covers customers up to a maximum of €20,000 in the event of the Company defaulting. There are currently 79 traders operating with portfolio losses in the Company, and these traders are at the upper end of the spectrum, and not all brokers publish them.
Is it Legal or Not?
Finally, we can say with certainty that Alvexo is a legal broker. However, the features and practices of the broker have meant that many traders, as the author of the AlveXo Review says, do not perform well everywhere. This means that it can be branded as a scam in some places. Nevertheless, Alvesxos trading signals, which are compiled every day, have proved very helpful for traders.
