Is Alvexo a Scam? Read This Brutally Honest Review
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Alvexo does not charge a deposit fee for the deposit, all of the above mentioned deposit methods can be used. Due to EU AML/KYC regulations, a withdrawal can only be made via the deposit method used. In addition, the Expert Advisors function can also be used to install free or paid plug-ins and trading bots for automated trading. As an Alvexo customer, the use of MetaTrader 4 is possible for trading with all asset classes.
The company burst into the highly competitive financial scene in 2014. It is headquartered at the HIS Building, Office 5, Providence, in Mahe, Seychelles. It has a license number of SD030 given to them by the FSA or Financial Services Authority of Seychelles, which regulates and supervises them. Currently, Alvexo has asserted that they have about 960k plus registrations, 4+ Million plus positions opened, and 202 billion plus trading volume, which is an astounding achievement in itself. The material does not contain investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.
Before 8 days a Sales Representative called me and start pressuring me to open a normal account. Kyriaki, which was her name said to me that I will only need minutes per day and that they will provide me proper trading. Also I mentioned to her that I wanted to have a few lessons at the Demo Account and then to the Real Account. To the first lessons which was approximately 25 minutes they open me the platform, show me how to open and close positions and about RSI. Moreover, we arrange with my Senior Broker, Steve, a second lesson, after few days, which unfortunately due to some reasons of him or the company did not call me.
Trade Commodities CFDs
You can use this to trade with the different assets without any fear of losing real money. This way, you can trade without using real funds and not worry about losing money. This feature is especially handy for rookie traders that need a push in the right direction.
The software is designed to supplement the existing MetaTrader 4 platform, allowing traders to manage investment portfolios, perform technical analysis, and set necessarily real-time price alerts. The Prime account plan with a minimum size of EUR 50,000 starts with spreads from lqdfx 1.8 pips and offers investors access to the entire trading spectrum including equities and bonds. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.22% of retail investor accounts lose money when trading CFDs with this provider.
Alvexo reviewAlvexo Commission Prices
76.57% of retail investor accounts lose money when trading CFDs with this provider. TradingBrokers.com aim to provide unbiased broker reviews to give traders a clear understanding of the different brokers available amana capital review to them. Traders can use our free service but should do their own due diligence and make their own decisions. Rates, terms, products and services on third-party websites are subject to change without notice.
Some of its key features include order execution tools, live news feeds, fundamental research tools, scanning tools, charts, and live support from Alvexo staff. Alternatively, one can analyse the trading features themselves that Alvexo might have to offer. MetaTrader4 is a popular internet trading platform for automating your trading.
Let’s suppose a trader has any questions about the platform’s features, fees, bonuses, or functionality. Traders in this situation need to contact the customer support department of their broker, which will gladly assist them. When it comes to resolving problems, the support staff is generally helpful, extremely responsive, and efficient in solving issues.
Users will get a £50,000 virtual balance to test the broker’s trading services. Nonetheless, trading in specific items is dependent upon separate market opening occasions. Trading out of hours can carry with it less trading volume and more extensive spreads. Alvexo offers an allude companion limited-time special that grants users a $300 trading bonus upon the launch of a Classic account. Intermittently, the broker likewise offers a first deposit bonus, the size of which relies upon the sum deposited. The wide range of asset choices enables seasoned traders to broaden their portfolios and increase their trading capabilities.
According to their Terms And Conditions, “the Company will make all reasonable efforts to ensure any transfers are made effective in a timely manner, the Company cannot guarantee how long this process may take”. In another section, they say that withdrawals take between 4 and 7 business days but the quote above is a bit worrying because basically, they say they don’t know when the money will reach you. The broker also owns the domain alvexo.com, which is operated by HSN Capital Group Ltd, a company regulated by the Financial Services Authority of Seychelles with License Number SD030. The company is also regulated in other European states, like Germany, Portugal, France and more. Trading carries inherent risk to your investment so you should make sure you know what you’re doing.
Full Review
It’s time to mention some of the features offered by the platform with their respective analysis. Alvexo has a wide selection of major indices in which investments can be made for those who desire and are looking to participate in index trading. The selection is broadly diversified internationally to invest in indices located in Australia, Italy, France, and Japan. There are even multiple U.S.-based indexes, including a “United States Tech 100” index that tracks the top 100 technology stocks listed on the NASDAQ. The education section has enough information to prepare newbies for trading but won’t turn anyone into a professional trader.
These educational tools range from the very fundamentals of Forex trading to more advanced Webinars and courses, which can also be of use to intermediate traders. Reliable customer support is another important aspect of choosing the correct broker, as a lack of decent customer support can leave pressing issues unresolved and affect a client’s trade. Under CySEC’s regulatory requirements, client funds are held in segregated accounts and the company is required to participate in a compensation scheme in case of insolvency. Alvexo also provides an extra layer of security through the encryption of transactions.
We regret to hear that you have had a bad experience with our Company, whilst your comments have been duly taken into consideration. Despite this, we wish to inform you that our Senior Account Executives receive extensive and ongoing training in order provide to our clients the quality of analytical services we offer in a professional manner. Platforms are increasingly using mobile applications to communicate with their users. The majority of platforms provide an application for iOS as well as Android, allowing customers to stay connected wherever and whenever they like. On the Prime account, a minimum deposit of €10,000 is required to receive a spread reduction of 1.8 pips. Apart from the 0.25 lot minimum, no other conditions have changed.
Alvexo reviewWhat is Alvexo?
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
Many Forex brokers offer various bonuses as an incentive for new traders to sign up with them. The spread is the difference between the bid and sell price of a currency pair, and what the broker charges, and is fundamentally how brokers make a profit. For every trade placed, the trader will have to pay a certain amount in costs or commissions. These costs vary from broker to broker, but they are usually a relatively low amount and are often the only cost of trading which a trader is likely to incur.
Overall, their fees are relatively high in the foreign exchange industry. The charges for commission in CFD equities can go as high as 0.025 to 0.015 dollars per share, and some go up to fifty dollars per lot. It is a form of speculative trading, with over four hundred fifty available assets in five categories. This company hosts events, conferences, and seminars in different European countries each year.
At a well-managed brokerage, most traders will never require assistance. The opportunity to offer TeamViewer support could be interesting if serious assistance is needed, though traders would be rightfully skeptical about the security implications of sharing screens in this way. Limited information is published about WebTrader, but the features listed comparable to those offered by the myriad of MT4 plugins that Alvexo doesn’t currently offer. While a proprietary platform shows dedication to provide a better trading environment for clients, it needs to surpass what is available to offer a competitive edge, not simply equal what is offered elsewhere. Alvexo minimum deposit is 500$, which is defined by Classic Account conditions, yet the amount is also defined by the account type you choose. Alvexo designed five accounts that enables investment options according to the requirements and components of each one.
In order for a trader to make a profit or avoid making a loss on a trade, the price must move enough to make up for the cost of the spread. When using a credit card, only funds up to the amount originally deposited through that card can be refunded to it; the balance will be transferred to the client’s bank account. The minimum first deposit depends on the account type – the equivalent of $500 for a Classic Account, $2,500 for a Gold or ECN Account, and $10,000 for a Prime Account. Though it seems simple enough, picking the right account is one of the most important aspects in deciding on the right broker, as the account type can have a direct impact on profit and loss. As such, these awards are an indication of the broker’s overall level of performance, features and platforms at which they excel, and their general standing within the industry.
These are similar to FAQ and Glossary portions, which provide basic trading info. Please note that Herd Markets may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site. Alvexo further claims that all withdrawal requests will be processed within two business days, and that this may be done both on the app and on the website.
Alvexo Regulatory Warnings And Announcements
Alvexo additionally executed a terrible task on listing available assets. While they are arranged by asset class, and a search function is present, the list only includes five assets, and traders need to scroll through a sometimes extensive list. Clicking on “View full details” opens a new tab and displays swap rates for the asset. 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. Among the various bonuses and promotions that Alvexo offers, the most popular one is the welcome bonus given to traders who register at Alvexo for a real trading account.
That is not everything, they have the worst execution i have ever seen to get in to a trade takes more then 1 second. Since wednesday last week I was sending orders to withdrawal my money and it happened just today on Monday that my money was send away from them. I send her couple of mails that Im asking her to contact me but she never did. Aside from regulation, Alvexo also offers an array of security features. Users can benefit from negative balance protection, which means that your balance can never go below zero, protecting you from severe slippage. Furthermore, Alvexo keeps its clients’ funds segregated, and all transactions employ advanced security measures to ensure they are as safe as possible.
The mobile app is a seamless extension to the desktop platform and gives users access to their entire account in an instant. Alvexo have also developed their own in-house, cloud-based, WebTrader software that traders can use 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.
Once asked why you had decided to begin trading you stated that you had shown an interest in trading because you needed to increase your income. As you said yourself, you were asked if you wanted to start trading on your live account and you had replied positively, at which point you were warned once more about the risks involved. Also i strongly believe and learned, through my life, training with real money is done before the effect and not after the effect, and i am mentioning to the hedge position. He did not mention or inform me how to react or prevent more loss.
Another aspect of the broker that impressed me was that they have a great choice of flexible accounts to cater for individual trader’s needs. The account type that you opt for will determine plus500 web your trading conditions and the duration of the services available to you. Thus, it is imperative to choose an account that best reflects your trading budget and requirements.