Alvexo review

Alvexo provide a complete set of investment services and offers negative balance protection, trading education, signals as well.

Alvexo Overview

Alvexo provide a complete set of investment services and offers negative balance protection, trading education, signals as well.
Min Deposit €500
Max Leverage 1:300(1:30)
Trading Platform Custom/MT4
Year Founded 2014
Instruments FX, CFD, Cryptos
Regulation CySEC
Open an Account
Min Deposit
Max Leverage
1:300 (1:30)*
Trading Platform
MT4, Proprietary
Year Founded
FX, CFDs, Crypto
Open Account

*Max Leverage is 1:30 for Retail and 1:300 for Professional Clients.

Company background

Alvexo, as broker on the Forex and CFD scene, was established  in 2014, owned and operated by VPR Safe Financial Group Limited a Cyprus Investment Firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 236/14 and company registration number HE 322134 located in Limassol, Cyprus. Now Alvexo is a global Forex broker and investment company specializing in global fiscal markets and offering investments in currency and CFD trading, as well as metals, stocks, shares and cryptocurrencies.

As a forex broker founded by market veterans and technology professionals, Alvexo remains committed to providing comprehensive investment and trading services that give traders the best prospects for success.

As a plus

  • Good choice of Trading Accounts
  • Free Trading Signals
  • Regulated Broker
  • Responsive Customer Support
  • Islamic accounts free of commissions and interest

On the flip side

  • Relatively high initial deposit required
  • Lack of info on CFD products
  • Limited payment methods

Our verdict:

Alvexo, still somewhat new as a broker in the Forex scene, seems to have hit the ground running with a finely tuned machine. Their features and product offerings match up with the latest innovations in the industry with competitive pricing and a host of support tools that can be customized to suit any trader’s individual tastes.


For this review we tested Alvexo, standard account, plus we collected secondary information from reputable sources, as well as user generated reviews.

Regulation & Security

The CYSEC (Cyprus Security and Exchange Commission) has an extensive history as a regulatory body but has a lot of catching up to do for allowing mischievous Binary Option providers and several dishonest brokers to rip off clients. At the moment, CYSEC is attempting to improve the grip over these doubtful ventures. It also extends to providing their clients’ with a secured digital environment for their clients to carry out their trading activities.

The measures taken by Alvexo include protecting their internet traffic with 256-bit RapidSSL encryption system and having their entire trading platform system firewalled against any intrusion. An added layer of security is provided by having Alvexo’s servers located in SAS-70 certified data centers.

What other Forex & CFD websites and Customers say about Alvexo?

The abundance of the information on a broker of choice can help make a more thoughtful decision, but it can also quickly become overwhelming and confusing rather than providing clear answers.

We’ve gone through, authoritative user-generated and broker listings/reviews websites to, hopefully, offer more clarity on the Alvexo reception among it’s clients.

User Generated

Most of the websites of this kind offer a raw stream of consciousness by angry and happy traders, praising the broker for their personal experience. It’s, therefore, important to keep in mind that some of the reviews will be nothing more or less than such.

Given that a lot of traders lose funds, and that they may go to a website like Forex Peace Army (FPA) to complain, we aim at distinguishing, well, more subjective from less subjective reviews and offer our limited view on the situation.

Forex Peace Army (FPA)

Being one of the most trusted user-generated Forex & CFD communities, FPA is making sure to mediate communication between traders and service providers.

Non-User Generated

Reviews from the non-user generated websites, like ours, often needs to be taken with the great attention to the nature of the website and its credibility in the industry. As you are mainly relying in the opinion of an entity that can directly benefit from referring you to the broker.

You can see Elite CurrenSea clients feedback on our website and FPA to see if you can trust our website with the opinion we provide on our trusted brokers. We do provide incentives to open an account with our trusted brokers, you can learn more about from ecs.TradersClub loyalty program.

Keeping in mind the info above, we can attest the Alvexo reviews appear fairly positive with only minor discrepancies from lesser known and sometimes suspicious website, that argue about Alvexo as a scam. Keep in mind that sometimes, these reviews are the baits for brokers to pay the website to improve the review. Will you have doubts after reading some of those reviews, please address us directly and we will make sure to assist you with further investigation.

Customer Service

The website is available in English, French, Arabic, German, and Italian.

Account holders can connect with an Alvexo representative from Monday to Thursday 9am – 6pm and Friday 9am – 4pm by email, fax, telephone, snail mail and live chat to a number of different locations. Their multi-lingual staff is on standby to answer questions and solve any problems.

The social pages are pretty active (mainly Facebook), in terms on engagement and they respond quickly to messages from what we saw.

Overall, the client service was good, it didn’t strike us as exceptional, but we got the help we needed in a reasonable time. And that’s what matter most. We encourage you leave your comments below if you had different experience.

Account Types

A demo account is available for traders wishing to practice the art of trading and hone their skills before committing with real funds. Islamic accounts is also available for traders who follow Sharia laws and do not accept interest on funds accumulated overnight.

Classic: This is the most utilized account at Alvexo although mostly by beginner traders who are on the verge of trying out this brokerage firm. The classic account operates under a minimum deposit of €250 with the least deal size remaining at 0.01 lots. The spread margins start at 3.3 pips. Traders of classic account also enjoy leverage that maxes out up to 300:1, free signals as well as a 15% educational bonus.

Gold: While experienced users are commonly associated with the gold account, other users interested in higher payouts also find it applicable to their trading procedures. An operating minimum of $2,500 is required to initiate a trade. The least deal size remains at 0.05 lots with spreads starting at 2.2 pips. Traders utilizing the gold account also benefit from welcome bonuses that can go up to 25%. There is also an economic calendar making part of all features accessible at the classic account.

ECN: This is mostly associated with direct trading and advanced users find it applicable to their trading needs. An operating deposit of $5,000 is required to get you started with the account. The spread margins are set to start at 0.0 pips in addition to all benefits and features accessible on the gold account.

Prime: This is the highest account type by Alvexo and is mostly linked to serious traders who have the capability of depositing a minimum of $10,000 during their first trade. The minimum deal size remains at 0.25 lots with the spread margins starting at 1.8 pips. In addition to all features accessible on the gold and ECN accounts, traders here also access technical analysis reports.

Speaking of accounts, Alvexo offers a unique Account Generator feature. This uses five quick income status and investment goal questions to help guide clients to choose the best Alvexo account type to suit their needs and expectations.

Negative Balance Protection

An important advantage is that Alvexo offers negative balance protection, unlike some competitors.

Products/CFD Portfolio

Alvexo offers their forex trading customers an execution service in over 50 major, minor, exotic and cross rate currency pairs. In total, Alvexo offers over 400 assets to choose from, including currency pairs, indices, stocks and commodities, in addition to allowing cryptocurrency and CFD trading in its Prime and ECN accounts.

Product AxiTrader LCG Alvexo
CFDs on Forex 1:400 1:500 1:300 1:300
CFDs on Commodities 1:400 1:200 1:200 1:75
CFDs on Indices 1:400 1:500 1:150 1:75
CFDs on Crypto 1:2 ? limited up to the total position value of $2,000 1:5

The default leverage level is set at 1:50, however, clients can request a higher leverage of up to 1:300. Higher leverage levels are subject to approval based on the results of the Alvexo’s internal appropriateness test for each individual client.


A total about 50 of currency pairs are available, ranging from major to some exotic pairs. At the moment of the review max leverage available for trading CFDs on Forex was 1:300, which is competitive enough. Given the regulatory status and the FX origin of the broker, you should be able to comfortably trade majors as well as crosses. For exotic pairs make sure to double check the feasability of your trading decisions with your account managers or directly for clarifications.


Traders looking for a more affordable passive investment will find a wide offering of CFDs on over 100 US, UK & EU ETFs appealing. The large amount of ETFs makes Alvexo a place to go if you want to get into this type of investment without going through more conventional ways of obtaining ETFs directly via exchanges. 


As of 2018, you can find the largest stock markets and indices to trade as CFDs. This includes NASDAQ, FTSE and DAX30. At the moment of the review leverage available for trading CFDs on indices was 1:75.


Alvexo also offers a decent amount of CFDs on Soft, Energy & Metal Futures. Make sure to check the fees related to each Commodity type, as well as the pricing works for their futures offering. Remember that you are trading CFDs, so no ownership of asset takes place, and the time you hold the CFD will inquire additional costs. Contact your account manager to find out the approximate costs of your prospective trade if you are not certain about the fees you will pay.


Alvexo launched cryptocurrency CFDs in 2017 with most popular pairs, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dash (DASH) and Litecoin (LTC)  with 1:5 Leverage. Cryptocurrencies trading is only available for ECN and Prime accounts.

Fees & Commissions

The spreads at Alvexo depends on the type of trading account which you are trading from. Nevertheless, they are extremely competitive. They start from as low as 0.1 pips with the ECN accounts. For Classic accounts, the lowest spread starts from 3.3 pips for the EUR/USD and USD/JPY currency pairs. Gold account holders benefit from slightly more competitive spreads for the majors starting from 2.2 pips. Apart from ECN accounts, Prime account holders have the best spreads with their lowest spreads starting from 1.8 pips the most frequently traded pairs.

For the company’s retail trading accounts, forex trading Alvexo takes place via a highly-desirable Straight Through Processing (STP) No Dealing Desk (NDD) model. This model facilitates Alvexo having some of the best available direct bid/offer prices that come from their liquidity providers who act as counterparty to the customer’s trades. Alvexo does not as a market-maker and gets compensated by charging its customers a commission fee based on the amount of volume traded.

Payment methods

The broker allows customers to deposit and withdraw funds using VISA, MasterCard, VISA Electron, Maestro cards and electronic wallets such as Skrill. Alvexo only allows transactions in U.S. Dollars and Euros.

Deposits generally get credited immediately to customer’s accounts, with the exception of wire transfers, which can take one to four days to appear in the trading account.


Traders at Alvexo can trade across three different platforms: the WebTrader platform, the MT4 platform, and the mobile platform.

Mt4 Platform: The MetaTrader 4 platform is the world’s leading forex trading platform. Alvexo traders can easily download the platform via the broker’s website upon which they will be able to use different methods of trading. With MT4, traders can auto trade by placing limit orders, utilize stop loss and take profit limits as well as, trailing stops.

The MT4 platform also provides access to breaking financial news and traders.

The WebTrader Platform: This platform has been developed to allow Alvexo traders quick access to trading opportunities without to rely on their desktop trading platform, the MT4. With the WebTrader, you can trade from anywhere as long as there is a computer around. You do not have to be at your own computer.

This platform also has various trading tools including charting tools and news, as well as, the ability to place limit orders and apply stop loss and take profit limits, among other functions.
Traders should still be well-equipped to trade with Elite CurrenSea’s Wizz, Camarilla indicators and SWAT or CAMMACD tools.

Mobile Trading

Given the current technological trends, everything is trying to embrace the paradigm shift towards mobility. From marketing to selling, and now, provision of various services and support, such as financial trading, brokers are developing mobile trading apps for iOS and Android devices. Alvexo has adapted to these changes quickly having launched its own mobile trading apps concurrently with its web and MT4 platforms when it began operations

To sum up:

Overall, designed for traders who are constantly on the move, the MobileTrader is both iOS and Android compatible. It features full trading functionalities and real-time charts.

Education & Analysis

There are daily and weekly market reviews, calculators, video tutorials, economic calendars and risk analysis tools that traders utilize to achieve given trading objectives. The pip, margin and profit calculator have proven useful with the currency converter helping investors calculate the amount of money worth investing through a given account.

Trading signals have also come in handy with traders maximizing their potential to come up with resourceful trading ideas. Trading signals are utilized by those traders who would rather not spend time analyzing opportunities one by one. The Trading Academy connects users with the broker by introducing educational videos among other trading courses before they embark on their first trade.

The Economic Calendar offers an easy, albeit basic access to the economic events that might impact on the markets. You will find the usual info based on expected and actual results that can affect specific pairs. Unfortunately, neither additional analysis on the most important events nor setup of custom alerts via email or mobile, based on your trading pairs is not available.

We would like to especially mention the outstanding section: Trading Academy. It contains a lot of articles, video tutorials, tips and strategies for beginners and advanced traders.

For more advanced trading education, if you choose to trust our judgement, we suggest you to go through our trading strategies, tools and analysis to get professional help for free.

We appreciate the effort on Alvexo’s part. This being said, Broker does the minimum required effort to satisfy the requirements of the relatively complex trading software (especially in case of MetaTrader 4). Will you need more info on MetaTrader 4 tools and software, make sure to check Elite CurrenSea’s Youtube channel and make sure to check our SWAT software.

Fly or Frie Verdict

Alvexo appears to be a well-regulated STP and ECN broker offering a forex and CFD trading service. The broker makes both a demo account and four additional trading account types available, depending on the size of a client’s initial deposit.

Still, their multi-lingual customer service and learning resources offered via the broker’s Trading Academy should provide enough support for a novice trader to get started, while more experienced traders will like the broker’s materials on advanced trading strategies.

Basically, if their €500 minimum deposit and per-trade commissions do not present an issue, then this broker should offer a reasonable transaction service suitable for traders of any skill level.

Research done by Chris Svorcik and Nenad Kerkez Co-founders of Elite CurrenSea, Nenad and Chris are award-winning traders with over 10 years of technical analysis and teaching experience. They also offer education and technical analysis on top industry websites and constantly works on his proprietary trading system based on wave analysis ecs.SWAT and technical analysis ecs.CAMMACD.