Alvexo Account Types vary according to what traders require. Alvexo provides four different account types – the Classic Account, the Gold Account, the Prime Account, and the Elite Account. A 100% risk-free Demo Account is also offered.
| 🔍 Broker | Alvexo |
| 💳 Account Types | 🌐 Classic Account |
| 🌐 Gold Account | |
| 🌐 Prime | |
| 🌐 Elite | |
| 🆓 Demo Account | ☑ Yes |
| ☪️️ Islamic Account | ❌No |
| 💰 Minimum Deposit | $ 500 |
| 💰 ZAR | R7 550 ZAR *at the time of writing |
Min Deposit
USD 500
Regulators
ASIC
Trading Platform
MT4, WebTrader, Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Alvexo Account Types Revealed – A Key 11-Point Quick Overview
- ✅Alvexo Overview
- ✅Alvexo Accounts Overview
- ✅Alvexo at a glance
- Alvexo Account Types
- Alvexo Account Features
- Alvexo Demo Account
- Islamic Account
- How to Open an Alvexo Account – Step by Step Guide
- Alvexo Customer Reviews
- Alvexo Pros and Cons
- Conclusion
Alvexo Overview
Alvexo is an established broker that stands out for its education and service-oriented focus. Established in 2014, Alvexo is headquartered in Cypress but is regulated in Seychelles by the FSA. Alvexo has managed to differentiate itself in the market by combining a two-pronged service approach that integrates both technological and platform innovation on an ongoing basis.
Alvexo’s commitment to maintaining innovative technology allows clients to achieve fast access to the world of financial markets on the ever-popular MetaTrader platform, which features advanced analytical tools and complete trading capabilities.
The platform is also available for mobile trading. Using the app provides access to assets such as Facebook, Google, Amazon, major and minor currency pairs, NASDAQ, Dow Jones, CAC 40, and FTSE 100 and many. Alvexo provides real-time market quotes and price feeds to make your trading more effective and accurate.
With regards to the broker’s regulation, the FSA is established under the Financial Services Authority Act, 2013 and is responsible for the licensing, supervision, and development of the non-bank financial services industry of Seychelles. While the FSA is not as stringent as other regulatory agencies, security of funds is a primary concern that Alvexo addresses with the strongest commitment to industry standards.
Alvexo Accounts Overview
Alvexo ensures platform integrity and client confidentiality using the strictest safety protocols. Transactions and trades are protected with 256-bit RapidSSL encryption and the entire system is painstakingly firewalled.
Alvexo is legally required to preserve liquid capital that is sufficient to cover all client financial activities. Investor funds are held in segregated fiduciary bank accounts that can only be used for client funding purposes. These funds exist off the company’s balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company.
Alvexo undertakes to constantly identify, assess, monitor, and control any risk that may be associated with its activities. The broker is further committed to continuously evaluating its policies, standards, and procedures to guarantee its ability to ensure the security of our clients’ funds.
Alvexo at a glance
| 🔍 Broker's Name | Alvexo |
| 🏛 Headquartered | Limassol, Cypress |
| 📅 Year Founded | 2014 |
| 🏛 Regulating Authorities | FSA |
| 🌐 Countries not accepted for trade | The United States and Israel |
| 💰 Minimum Deposit | $500 (R7 550 USD/ZAR at the time of writing) |
| ☪️️ Islamic Account (Swap Free) | No |
| 💳 Demo Account | Yes |
| 💻 Institutional Accounts | No |
| 💻 Managed Accounts | Yes |
| 📊 Maximum Leverage | 1:300 |
| 💳 Deposit Options 💳 Withdrawl Options | · Credit or Debit card · Bank wire transfer · Qiwi wallet |
| 📊 Platform Types | MT4 Alvexo Web Trader Mobile App |
| 📲 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 💳 Tradable Assets | Forex, shares, commodities, indices, metals, and energy |
| 🌐 Languages supported | English, French, Spanish, Arabic, Portuguese, Italian and German |
| ☎ Customer Service Hours | 24/5 (twenty four seven/ five days a week) |
Alvexo Account Types
Alvexo offers a wide variety of account types that are tailored to different trading styles and requirements. The account selection consists of the Classic, Gold, Prime, and Elite Accounts.
Additionally, traders can also open a free demo account to test the broker’s trading features before signing up for a real account. Unfortunately, Alvexo does not offer Muslim traders the option of a swap-free account at this stage.
Alvexo Account Features
Classic Account
| 💳 Minimum Deposit: | $500 |
| 💳 ZAR | R7 550 USD/ZAR at the time of writing |
| 📉 Spreads from: | 2.9 pips |
| 📊 Leverage: | up to 300:1 |
| 📍 Stop out level: | up to 15% |
| 📉 Minimum Deal size | 0.01 lot |
| 📒 Financial Instruments: | Currencies, Commodities, Indices, Cryptocurrencies |
Gold Account
| 💳 Minimum Deposit: | $ 10,000 |
| 💳 ZAR | R151 000 ZAR |
| 📉 Spreads from: | 2.2 pips |
| 📊 Leverage: | up to 300:1 |
| 📍 Stop out level: | up to 15% |
| 📉 Minimum deal size: | 0.05 lot |
| 📒 Financial Instruments: | Currencies, Commodities, Indices |
Prime Account
| 💳 Minimum Deposit: | $50,000 |
| 💳 ZAR | R755 000 ZAR |
| 📉 Spreads from: | 1.8 pips |
| 📊 Leverage | up to 300:1 |
| 📍 Stop out level | up to 15% |
| 📉 Minimum Deal size | 0.1 lot |
| 📒 Financial Instruments (CFDs) | Currencies, Commodities, Indices, Bond's, Stocks |
Elite Account
| 💳 Minimum Deposit: | Designed for high net-worth clientele who should contact the broker to discuss deposit |
| 📉 Spreads from: | 0.1 pips |
| 📊 Leverage: | up to 300:1 |
| 📍 Stop out level: | up to 15% |
| 📉 Minimum deal size: | 0.25 lot |
| 📒 Financial Instruments: | Currencies, Commodities, Indices, Bond's, Europe & US stocks, Cannabis stocks |
Alvexo Demo Account
The demo account from Alvexo provides a feature-rich practice environment. Users are provided with $50 000 (R755 000.00 USD/ZAR at the time of writing) in virtual currency, free trading signals delivered via SMS, and real-time market data.
Traders will have access to the MetaTrader 4 platform, allowing them to test its various features against the trading conditions provided by the broker’s trading accounts. The demo account is available for 30 days.
Islamic Account
Unfortunately, Alvexo does not offer traders the option of an Islamic Account. This is a drawback for traders of the Muslim faith, as an Islamic account fulfills an important function, which is described in more detail below. Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide. Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
How to Open an Alvexo Account – Step by Step Guide
Step 1 – Start the process
In order for the applicant to start the process, they can simply click on the “Open Account” button on the Alvexo homepage.
Step 2 – Complete Registration
The second step in the account registration process is to complete a short and simple registration form with a full name, email, and password. Once the registration form has been completed, the applicant can accept the privacy policy and click “Continue”.
Step 3 – Select Account Type
The third step in the account registration process is to select the type of account and fill in contact details in order to register a real Live account with Alvexo.
Step 4 – Deposit funds and Start Trading
The last step in the account registration process, requires applicants to deposit funds in order to start trading on a live Alvexo account, minimum deposit required is $500/R7 550 ZAR.
Alvexo Customer Reviews
Interesting platform with friendly…
Interesting platform with a friendly interface. I’ve been with Alvexo for a long time and I’m pretty happy with them, and I like the new features that have been added recently, although I haven’t tried them all yet – Christian Springer
Alvexo offers a very good customer
Alvexo offers a very good customer support, regulated broker, great trading platform with high speed and instant order execution. All these factors bode well to safely open a trading account with them, which by the way is a very fast and digital process. Try it. – James Mann
Very bad no one answering my emails
– Seem
Alvexo Pros and Cons
✅ PROS | ❌ CONS |
| Commission-free trading available | High minimum deposit |
| Comprehensive educational resources | No Islamic Account is available |
| Tight spreads available on certain instruments | Not strrongly regulated |
| Wide range of tradable instruments |
Min Deposit
USD 500
Regulators
ASIC
Trading Platform
MT4, WebTrader, Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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Conclusion
Overall, Alvexo provides a positive trading experience, which has been largely reflected in its reviews to date. The company was established by trading veterans which still manage its operations today, and the company’s regulated trading environment offers clients peace of mind.
Disclaimer
Alvexo is owned and operated by VPR Safe Financial Group Limited, supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 236/14 and company registration number HE 322134, located at 1, Agias Fylaxeos Street, 3025 Limassol, Cyprus.
HSN Capital Group Ltd, regulated as a securities dealer by the financial services authority of Seychelles with license number SD030 located at HIS Building, Office 5, Providence, Mahe, Seychelles. Trading Contracts for Difference (CFDs) involves a significant risk of loss that may not be suitable for all investors. Before deciding to trade Contracts for Difference (CFDs), you should carefully consider your trading objectives, level of experience, and risk appetite.
It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure that you fully understand the risks and take appropriate care to manage the risk.
Please ensure you read our Terms and Conditions and Risk Disclosure Statement before making any operation on our trading platform, According to research in South Africa.
Frequently Asked Questions
How many instruments can I trade with an Alvexo account?
Alvexo offers its clients the following assets and instruments: Forex – 58+ currency pairs including GBP/USD and EUR/GBP, Indices – including the FTSE and DAX, Shares – Major shares available from a host of international companies such as Alibaba, IBM, and Netflix, Commodities – Trade Brent Oil, Copper and Natural Gas, Cryptocurrencies – Trade on Bitcoin, Litecoin, Dash and Ethereum.
Does Alvexo offer leverage on their trading accounts?
Alvexo offers leverage options of up to 1:500 for forex trading and up to 1:125 for trading in commodities and indices.
Which platforms are supported on Alvexo accounts?
Alvexo supports Metatrader 4 platform.
What types of accounts are available with Alvexo?
Alvexo offers three types of accounts: Standard Account, Premium Account, and VIP Account. Each account type has its own features and benefits. Standard accounts are suitable for beginner traders, while Premium and VIP accounts offer more advanced features, such as higher leverage, better spreads, and exclusive market analysis.
How do I open an account with Alvexo?
- Go to the Alvexo website.
- Click on the “Open Account” button on the top right corner of the homepage.
- Select the type of account you want to open (Standard, Gold or Prime).
- Fill in the required personal information such as your name, email address, phone number, and country of residence.
- Choose your preferred account currency.
- Answer the questions about your trading experience and financial background.
- Submit any required documentation, such as a passport or driver’s license, to verify your identity and address.
- Review and accept the terms and conditions of the account agreement.
- Fund your account with the required minimum deposit using one of the available payment methods.
- Start trading!
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