Alvexo Review 2021
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| Alvexo is a CySEC-regulated MT4 forex & CFD broker. | ||
Alvexo is broker that gives traders access to Forex, CFDs, indices, shares, commodities, cryptocurrencies. Alvexo allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, Alvexo has Demo Accounts, Islamic Accounts and Signals but is missing Social Trading and Auto Trading.
Cryptocurrency traders have a very decent number of coins to trade at Alvexo, 7 in fact: BTC, BCH, LTC, ETH, XMR, XRP and DASH.
Careful traders will be reassured knowing that Alvexo is licensed to offer trading services by several regulators, 2 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.
Alvexo Summary
Alvexo is a CySEC-regulated MT4 forex & CFD broker.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | 500 EUR/USD |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC, FSA |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✗ |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
Leveraged CFD trading is available on currencies, stocks, indices & commodities.
| Leverage | 1:300 |
|---|---|
| FTSE Spread | From 0.9 |
| GBPUSD Spread | From 0.6 |
| Oil Spread | From 0.01 |
| Stocks Spread | Variable |
Forex Trading
Trade on close to 60 forex pairs with low spreads & leverage.
| GBPUSD Spread | From 0.6 |
|---|---|
| EURUSD Spread | From 0.4 |
| EURGBP Spread | From 0.5 |
| Assets | 58 |
Cryptocurrency Trading
Trade cryptocurrencies against the US Dollar & Euro.
| Spread | Variable |
|---|---|
| Coins | BTC, BCH, LTC, ETH, XMR, XRP, DASH |
Payment Methods
Alvexo accepts the following payment methods:
- Neteller
- Skrill
- Visa
FAQ
Is Alvexo Safe?
Yes, most likely, as we gave Alvexo a trust score of 40% in our review. The main negative factor in this score is that Alvexo is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Alvexo Accept PayPal?
No, Alvexo does not accept PayPal payments.
Is Alvexo Halal?
Yes, Alvexo does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Alvexo support?
Alvexo only supports the MetaTrader 4 trading platform at this time.
Is Alvexo Regulated?
Yes, Alvexo is regulated by 2 different regulators: CySEC and FSA.
The fact that Alvexo is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.
Alvexo vs Other Brokers
If you want to compare Alvexo with other brokers, use the detailed comparisons below.
- Alvexo vs Avatrade
- Alvexo vs Spectre.ai
- CoinMama vs Alvexo
- FXFlat vs Alvexo
- LBLV vs Alvexo
- OBR Invest vs Alvexo
- XM vs Alvexo
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| Alvexo is a CySEC-regulated MT4 forex & CFD broker. | ||