Alvexo is a well-established online trading platform that was founded in 2014. The broker operates under the full name of VPR Safe Financial Group Ltd, which is a Cyprus Investment Firm. Headquartered in Limassol, Cyprus, Alvexo also maintains a significant office presence in Mahe, Seychelles. This strategic positioning allows the broker to serve a diverse clientele, primarily focusing on retail forex and CFD traders from around the globe.
Since its inception, Alvexo has experienced substantial growth, boasting over 650,000 registered users and facilitating billions in trading volume. The broker's mission is to provide a comprehensive trading experience that combines innovative technology with a strong educational foundation to empower traders of all experience levels.
Alvexo operates as a multi-asset broker, offering a wide range of trading products, including forex pairs, CFDs on stocks, commodities, indices, and cryptocurrencies. The company emphasizes customer satisfaction and aims to deliver long-term trading solutions through its user-friendly platforms and extensive educational resources.
As a regulated entity, Alvexo adheres to strict compliance standards, ensuring that client funds are protected and that trading practices are transparent. The broker's operational model is primarily focused on retail trading, catering to individual traders seeking to access global financial markets.
Alvexo is regulated by two primary authorities: the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles. The CySEC license number is 236/14, while the FSA license number is SD030. This dual regulatory framework provides a robust level of oversight, ensuring that Alvexo operates within the legal parameters set forth by these regulatory bodies.
The regulatory licenses held by Alvexo are valid and cover a broad range of trading activities, ensuring compliance with the Markets in Financial Instruments Directive (MiFID) in Europe. This regulation mandates that Alvexo maintains strict standards regarding client fund protection, including the segregation of client funds from the company's operational funds.
In terms of customer protection, Alvexo participates in the Investor Compensation Fund, which provides additional security for clients in the event of insolvency. The broker also implements Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure compliance with international financial regulations, thus enhancing the overall security of its trading environment.
Alvexo offers a diverse range of trading products, catering to various trading strategies and preferences. The broker provides access to over 450 tradable assets across multiple asset classes, including:
Alvexo is committed to keeping its product offerings updated, frequently adding new instruments based on market demand and trends. The broker primarily focuses on retail trading services, providing tools and resources that empower individual traders to make informed decisions.
Alvexo provides its clients with multiple trading platforms to accommodate different trading styles and preferences. The platforms available include:
The broker employs a Straight Through Processing (STP) model, ensuring that client orders are executed directly in the market without interference. This model enhances transparency and provides traders with competitive pricing and fast execution speeds.
Alvexo offers several account types to cater to various trading needs and capital levels. The account types include:
Alvexo also offers a demo account with virtual funds, allowing traders to practice their strategies without risking real money. The leverage offered by Alvexo varies based on the account type, with a maximum leverage of up to 1:400 available for certain accounts.
Alvexo provides a range of convenient deposit and withdrawal methods to facilitate smooth fund management. The broker accepts deposits via:
The minimum deposit requirement varies by account type, starting at €500 for the Classic Account. Alvexo does not charge any fees for deposits or withdrawals, although traders should be aware of potential fees from their payment providers.
Withdrawal requests are typically processed within 3-5 business days, and Alvexo allows withdrawals in both USD and EUR. The broker emphasizes a transparent fee structure, ensuring that clients are aware of any applicable costs.
Alvexo places a strong emphasis on customer support, offering multiple channels for assistance, including:
The customer support team operates from Monday to Friday, providing multilingual support to accommodate a diverse client base. However, it's worth noting that support is not available on weekends.
In addition to customer support, Alvexo offers a wealth of educational resources through its Trading Academy. These resources include webinars, tutorials, eBooks, and market analysis tools designed to enhance traders' knowledge and skills.
Alvexo serves clients across 194 countries, including major markets such as the United Kingdom, Australia, Canada, and several countries in Europe and Asia. The broker has established offices in various regions, including the UK, France, and Seychelles, to enhance its service delivery.
However, it is important to note that Alvexo does not accept clients from certain jurisdictions, including the United States, Israel, and a few other countries due to regulatory restrictions. This limitation is crucial for potential clients to consider before opening an account.
In summary, Alvexo is a well-regulated forex and CFD broker that offers a diverse range of trading products, competitive trading conditions, and extensive educational resources. With its commitment to customer satisfaction and a robust technological framework, Alvexo provides a reliable platform for traders looking to navigate the financial markets effectively.
Derekkk
South Africa
Alvexo is so unreliable! I set a buy stop and sell stop order with 0.2 lot size on my $300 account. However, my sell stop was rejected with no money description. The market later went over 200 pips after my sell stop but it later filled in my buy stop during Tokyo session and I lost all my funds.
37130
2023-02-20
糖铃
Singapore
With Alvexo, I started out with a "Classic" account and worked my way up to a "Prime" account. I thought that all three accounts I used helped me a lot.
Positive
2022-12-11
Hemana
United Arab Emirates
Always this happen there system is not so good always freeze , I am afraid to lose my funds
Exposure
2023-04-05