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Alvexo Review 2021: Legit Broker or Another Scam?

Feb 6, 2021 ,
Alvexo Broker Review

Alvexo is an online Forex broker allowing a range of trading assets, a few types of accounts, and diverse educational sources. Established in the year 2014, so it is considered an “old” FX broker. By now, the broker declares to have over eight-hundred-fifty-thousand registrations, a reasonably impressive accomplishment, as we could not confirm it throughout our Alvexo review. 

Regulated by:CySEC & FSA
Headquarters Country:Cyprus
Foundation year:2014

Additionally, the broker proposes Contracts for differences in over four-hundred-fifty assets over five sections and cases that technology performs a critical role in the Alvexo exchanging environment. Alvexo claims to hold a research department to host year-long events. In this article, we’ll investigate the Alvexo trading platform, mobile platform, signs offering, and much more. Feel free to read our review to find out whether is this broker appropriate for FX investing.

The Brokers Security and Regulation Measures

Alvexo seems to be a legitimate broker. Furthermore, Alvexo (Europe) operates by VPR Safe Financial Group Limited and CySEC approved. Alvexo’s worldwide operation under HSN Capital Group Limited and monitored by the FSA in Seychelles.

Additionally, Both authorities allow negative profit security but leverage rates and fund security plans modify. However, we have countless examples of regulated brokerage firms that turned to be scamming and abusing their clients. Always watch your steps regarding investing your capital in the Forex market.

Countries the broker provide services to

By now, The broker claims to give services to users from Thailand, Austria, Canada, The UK, Singapore, South Africa, India, France, China, Norway, Germany, Italy, Sweden, Denmark, UAE, Kuwait, Saudi Arabia, and various other countries online. However, investors from Israel and the United States are not allowed to use Alvexo investment services.

What can Users Trade with Alvexo?

Like mentioned before, about four-hundred and fifty assets, featuring FX, indices, stocks, assets, and Crypto are possible at Alvexo various platforms. The overall substantial asset selection permits most retail traders to adequately expand their portfolios, but the drawback to asset selection is unacceptable spreads and fees. Alvexo additionally performed a terrible job on posting possible assets.

Alvexo Broker

Is The Firm’s Trading Platform Safe to Invest?

Alvexo proposes two trading platforms – MT4 and a web-based option. The common MT4 platform is extensively utilized amongst financial dealers and fits all trading experience stages.

It also suggests a fair WebTrader platform with no particular need to download. Moreover, the web-based choice is obtainable on any device with an internet provider or WiFi, as the interface is user-friendly and straightforward to operate.

The most useful features suggested by Alvexo are its educational contributions, but traders have to pick them carefully. Unfortunately, there are no real uncommon features found throughout this review. Furthermore, Spreads and commissions are strangely huge; neither trading platform provided-as-is rewards traders the necessary edge in today’s FX market, and Alvexo transparency concerning necessary costs is missing.

Do you consider yourself as a Victim of a Scam?

While it may not be market-leading, Alvexo is less than a standard broker. It may suggest an immersive trading practice with straightforward navigation platforms, various assets, and accounts, plus competitive spreads. But they have many red flags upon their investing services.

If you think Alvexo, or other broker scammed you, or acted fraudulently. We might have a proper solution for you. Furthermore, you are more than welcome to contact us for a free consultation call from our team’s professional analyst.

Alvexo brokerage service is safe?

From what we can establish so far, it is safe for use, however nothing really safe in the ever-changing Forex market. Any user should be careful with his capital.

Is my money truly safe with an Alvexo?

There are some complaints about Alvexo investment services. However, there are numerous seemingly happy customers, praising the brokers work.

Does the Alvexo broker have a license?

Indeed, as we mentioned above, Alvexo owns regulations from CySEC and the FSA as well.