Overall, Alvexo can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, and more to large global markets. Alvexo has a reputable reputation, with user-friendly trading conditions.
| 🔍 Broker | Alvexo |
| 🏛 Regulation | Australian Securities & Investments Commission (ASIC) |
| 📃 License Number: | 236/14. |
| 💳 Minimum deposit | $500 |
| 💳 ZAR | R7 550 ZAR |
| 📊 Leverage | up to 300:1 |
| 📒 Account Types | 🌐 Classic |
| 🌐 Gold | |
| 🌐 Prime | |
| 🌐 Elite | |
| 🆓 Demo Account | ☑ Yes |
| ☪️️ Islamic Account | ❌No |
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 Review – A Key 20 Point Quick Overview
- ✅Who is Alvexo?
- ✅Alvexo Sign-up Bonus
- ✅Alvexo Minimum Deposit
- ✅Alvexo Accounts
- ✅How to Open an Alvexo Account – Step by Step Guide
- Islamic Account
- Alvexo Demo Account
- Alvexo Trading Platforms
- MetaTrader4
- WebTrader
- Mobile Trading App
- Alvexo Deposit fees and deposit methods
- Alvexo’s Fees and Spreads
- Alvexo Best Countries By Traders
- Alvexo vs RoboForex vs FBS – A Comparison
- Alvexo Customer Reviews
- Alvexo Current Popularity Trends
- Alvexo Pros and Cons
- Conclusion
- Disclaimer
Alvexo aims to empower and educate its ever-expanding client base by providing access to leading technologies that are essential to support its clients’ endeavors.
Who is Alvexo?
According to research in South Africa, Alvexo is an established broker that differentiates itself through its focus on education and service. Alvexo was established in 2014 as part of an effort by forex market experts and fintech professionals to establish a new online brokerage aimed at providing one of the most technologically advanced and comprehensive trading services on the market.
To this end, the company combines a two-pronged approach that is at the forefront of technological and platform innovation to deliver what traders need most — long-term trading satisfaction.
In order to facilitate fast, timely, and secure trading the company offers a battery of services designed to hone trading skills to their highest. Appealing to both novice and advanced traders, Alvexo offers a robust broker platform with a highly navigable website that is supplemented by a high-quality range of educational and training resources. Added to this, the company has one of the most comprehensive regulatory regimes of any broker, providing a highly secure trading environment to its clients.
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 Sign-up Bonus
No Signup Bonus has been indicated on the Alvexo website. As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
Alvexo Minimum Deposit
The minimum deposit amount required to open a broker account with Alvexo is $500 (R7 550 USD/ZAR at the time of writing) to open a Classic Account. This minimum deposit requirement will vary depending on the account you choose to open.
Overall, this represents a much higher minimum deposit requirement when compared to many other brokers in the industry.
Alvexo Accounts
Alvexo currently offers four different account types, namely the Classic Account, Gold Account, Prime Account, and Elite Account.
| 🔍 Accounts | 📒 Classic Account | 📒 Gold Account | 📒 Prime Account | 📒 Elite Account |
| 💳 Minimum Deposit | $500 | $10,000 | $50,000 | Call Us |
| 💳 ZAR | R7 550 ZAR | R151 000 ZAR | R 7 550 ZAR | - |
| 📊 Leverage | up to 300:1 | up to 300:1 | up to 300:1 | up to 300:1 |
| 📉 Spreads from | 2.9 pips | 2.2 pips | 1.8 pips | 0.1 pips |
| 🌐 Financial Instruments (CFDs) | Currencies, Commodities, Indices | Currencies, Commodities, Indices | Currencies, Commodities, Indices, Bond's, Stocks | Currencies, Commodities, Indices, Bond's, Europe & US stocks, Cannabis stocks |
- ECN Gold Account and the ECN VIP Account are no longer offered to new clients.
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.
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.
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.
| 🔍 Broker | Alvexo |
| Account Type | 🌐 Demo Account |
| ☑ Features | 💰 $50000 of virtual currency |
| 💻 Practise your investment strategies | |
| ⏱ Available: 30 days | |
| 🆓 Risk Free | |
| 📉 Identical to its live platform |
Alvexo Trading Platforms
Alvexo offers three trading platforms, including the ever-popular MetaTrader4, WebTrader, and the company’s proprietary Trading App.
MetaTrader4
MetaTrader4 is one of the most respected and secure platforms chosen by traders today. The platform is a feature-rich and highly robust trading platform that has functionality that is welcoming to new traders but also contains enough advanced functionality to satisfy the needs of more experienced market participants.
WebTrader
The company’s in-house WebTrader platform boasts award-winning features and is available across multiple devices with built-in tools for a faster, more powerful trading experience. The WebTrader software can be used from any modern web browser. Designed to supplement the MT4 platform it allows users to manage their positions, set price alerts, and even carry out technical analysis.
The software also has an attractive and clean layout and contains tools to help the trader respond quickly to market conditions. The MT4 and WebTrader platforms have distinct characteristics which complement one another. It would be possible to trade the markets using just one of the two platforms but used in conjunction they provide a comprehensive and positive trading experience.
Mobile Trading App
Alvexo’s Trading App is full-featured and available across multiple devices.
10 Best Forex Brokers in South Africa for 2025
Rank
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Review
Regulators
Min Deposit
Official Site
Alvexo’s Fees and Spreads
Classic, Gold, and Prime members enjoy a commission-free structure. Commissions charged on other accounts will vary depending on the instrument being traded. Funds can be wired into the account in other currencies, for example, GBP sterling, ZAR, and will then be converted to EUR or USD according to account holder preference.
Alvexo offers a variable spread with all costs built-in using STP connectivity, while more advanced accounts offer better conditions. Furthermore, Alvexo’s ECN Account features raw spreads that start from 0 pips, with an added commission per trade.
Traders with Alvexo can expect the following spread list:
| 🔍 Accounts | 📒 Classic Account | 📒 Gold Account | 📒 Prime Account | 📒 Elite Account |
| 💳 Spreads from | 2.9 pips | 2.2 pips | 2.2 pips | 0.1 pips |
| Withdrawl Fees | ❌ No | ❌ No | ❌ No | ❌ No |
| 📉 Minimum Deal size | 0.01 lot | 0.05 lot | 0.1 lot | 0.25 lot |
Alvexo Deposit fees and deposit methods
In terms of deposit security, Alvexo ensures platform integrity and client confidentiality using the strictest safety protocols. Transactions and trades are protected, and the entire system is comprehensively firewalled. With regards to deposit currencies, unfortunately, Alvexo only accepts EUR and USD. This means that traders depositing in smaller currencies, such as ZAR/Rand, will likely incur conversion fees.
The broker does not charge fees for deposits or withdrawals. However, your bank or chosen payment provider may charge a fee that is beyond the broker’s control. Clients can deposit and withdraw using a variety of methods, including:
💳 Credit cards (VISA, MasterCard, American Express)
💳 Debit cards (VISA Electron, Maestro, CASH-U, V-PAY)
💳 Electronic wallets (QIWI WALLET)
💳 Wire transfer
It is important to remember that before processing a withdrawal request, Alvexo requires the submission of the following compliance material:
- photocopied ID
- a utility bill showing your full address
- a photocopy of the credit card’s front and back with the last 4 digits visible
Alvexo Best Countries By Traders
| Country of Trade: | 📌 % of Trader |
| 🌐 France | 21.03% |
| 🌐 United States | 15.82% |
| 🌐 Kuwait | 14.11% |
| 🌐 Qatar | 9.62% |
| 🌐 Senegal | 6.45% |
Alvexo vs RoboForex vs FBS - A Comparison
| 🔍 Broker | 🥇 Alvexo | 🥇 RoboForex | 🥇 FBS |
| 💰 Minimum Deposit | $500 USD | $10 USD | $1 USD |
| ZAR | R8 000 ZAR | R160 ZAR | R 16 ZAR |
| 🎉 Bonus | Yes | Yes | Yes |
| 💻 MT4 | Yes | Yes | Yes |
| ☪️️ Islamic Account | 📌 No | Yes | Yes |
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
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 Current Popularity Trends
According to Google Trends, here is an overview of how frequently the search term – “Alvexo” is entered into Google’s search engine over a given period of time.
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 |
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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 highly regulated trading environment offers clients peace of mind.
The company’s STP/NDD brokerage model is fast and effective, and gives users access to multiple liquidity markets, meaning the risk of conflicts of interest for Alvexo is reduced as they act only as a facilitator rather than as a market maker. Alvexo’s website and platforms are easy to navigate with a variety of resources, while the trading dashboard can be tailored to provide traders with pretty much everything they might want to see.
More advanced users might shirk the company’s volume-based commission charges on the higher tiered accounts, as those trading high-volumes or scalping techniques will at least need to be investigated in more detail for their pricing structure.
The company’s range of trading instruments caters to most trader markets, and cryptocurrencies are available as well. In summation, the company is a good option for less advanced traders, while established traders might be prompted to look elsewhere.
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
Is Alvexo a fake or scam broker?
Our research reveal that Alvexo is not a fake or scam broker as it has a longstanding good reputation spanning 30 years+ and the broker adheres to regulation by ASIC (Australian Securities and Investments Commission).
What is the overall rating for Alvexo out of 10?
Our overall rating for Alvexo is 7/10.
Does Alvexo allow EA’s?
No, Alvexo doesn’t allow EA’s
Where is the headquarters of Alvexo?
The headquarters of Alvexo is located in Cyprus.
How many traders does Alvexo have?
Alvexo has more than 10 000 active traders at the current time (2025).
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