Alvexo- A Complete Foreign Exchange Brokerage Review

Alvexo- A Complete Foreign Exchange Brokerage Review


Having been established in 2014, Alvexo is considered a tad brokerage firm. But while it is relatively young in the Foreign Exchange industry, it already gained tight market traction as its registered clients from across the globe already surpassed 650,000 as of writing. It is currently headquartered in Limassol, Peru and has a leg office in Paris, France.  This brokerage firm’s flagship service is Contract for Difference, with over 450 assets across five categories available in an optimum trading platform. Some of its salient features include an impressive research section, its highly-anticipated events, and more commendable, an excellent selection of both in-house and third-party platforms.

alvexo- a complete foreign exchange brokerage review

Alvexo Licenses and Regulation 

  VPR Safe Financial Group LTD, a Cypriot Investment Firm that introduced Alvexo, is filed under the Cyprus Securities and Exchange Commission. After the company’s successful debut in 2014, it immediately gained its license to operate in March of the same year. It also complies with multiple cross-border policies including those that are implemented by the European Union (Markets in Financial Instrument Directive, and EU’s 4th Anti-Money Laundering Directive).

Since this broker is highly compliant with the EU Directive, its clients are secured with Investor Compensation Fund that grants 20,000 euros for proven financial anomalies. It also protects its subscribers from potential fund wipeouts with segregated accounts and negative balance protection. For more information about Alvexo’s licenses, interested parties may visit its official site.

Alvexo Account Selection 

Alvexo has five live accounts in its account selection. However, these five do not serve traders well as they have less-than-ideal trading conditions. The entry-level Classic account can be opened for a minimum deposit of 500 euros, with spreads starting from 3.3 pips. For an amount higher than industry standards, clients are given limited asset classes, with only Forex, commodities, index, and cryptocurrency on its list. 

The Gold account, on the other hand, comes as Alvexo’s most popular account. It then requires a minimum deposit of 5,000 euros. While it demands a daunting amount, its conditions are just similar with what is offered in the Classic. The only notable changes it made is its minimum spread of 2.2 pips, trade size of 0.05 lots, and its stop-out level of 15%. 

The Prime account’s minimum deposit is at 10,000 euro, with its spreads now starting from 1.8 pips. What’s disappointing is the conditions’ similarity with the first two accounts, except that its trade size increased to 0.25 lots. The ECN Gold may come favorable as this offers equity CFDs, but only for those who can afford it for 20,000 euros. Its spreads are quoted 0.0 pops, and it requires an 18% commission for every trade size worth 0.05 lots. Lastly, the ECN VIP account is inclusive of all the advertised asset classes. It has a 50,000 euro minimum deposit, with a trade size of 0.25 lots. In addition to this,  deposit size is only available through request. 

alvexo- a complete foreign exchange brokerage review

 Research and Education 

If we are to look at Alvexo’s most impressive feature, its research and education section will surely top the list. Generally, the Research section is divided into five categories: market updates, trading signals, economic calendar, calculators, and a blog. While its market updates come in real-time pacing and is the most reliable feature under this section, other features are a disappointment including a blank economic calendar. But the inadequacy is compensated by quality articles and free trading signals.

 As for the Education aspect, it is enforced with feature articles, tutorials, a glossary, and a Frequently-Asked-Question section. What comes as the most laudable is the Trading Academy that houses written content and videos. It solely focuses on fundamentals of trading and other technical know-how that clients must know before engaging in markets. The only thing that may come disadvantageous is the momentary flooding of advertisement and marketing sources released by Alvexo. 

Customer Support 

Its customer assistance needs improvement as it remains inadequate. There is a scarcity of means for clients who want to place queries. It only offers a telephone line and a ticketing system on its official site.  Apart from that, a live-chat feature is missing- a function that is widely offered by brokerages in the industry. 


  There are pressing issues that Alvexo carries including its weak customer support. There is also a dire need for improvement in terms of the account selection. But if clients look past these setbacks, they may still find this broker a decent one. Its excellent research and education section and its tight security are just two reasons why Alvexo still deserves a sound investment. 

Ann Kharchenko

Ann Kharchenko has 9 years of experience as a real estate agent. Now he is a successful broker and wants to share his knowledge with you. Let's read, ask questions and start trading! We are waiting for your questions on the e-mail: [email protected] My contact phone: 202-555-0169

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