If you are looking to learn more about the broker Alvexo, this article will interest you. Find out who is behind the broker, the services they offer and all its peculiarities. We also give you our Alvexo opinion and that of users who use their trading services.
Mis à jour le 12/06/2022 à 16:56
Alvexo is an online trading and investment platform that offers access to financial assets such as Forex or Cryptocurrencies. The broker offers a wide range of 450 financial assets via its platform.
The Alvexo brand offers its services via VPR Safe Financial Group Limited, registered in Cyprus. The latter is regulated by the Cyprus Safety and Exchanges (CYSEC).
Alvexo AMF
Since August 2022, ALVEXO has been suspended to offer its services in France by CYSEC, a decision which takes place on the basis of observations of the AMF (Autorité des Marchés Financiers). She suspects the Cypriot broker of regulations violations.
The broker offers access to financial markets via several types of accounts that can be opened via the official website. Via trading platforms, it offers access to the best known financial markets.
On his site, ALVEXO praises a customer service placed at the center of his attention and what he wants to offer to investors who trust him. They say they provide qualified personnel to answer customers’ questions.
Indeed, in 2020, the broker had been at the center of a controversy because agents contacted new customers to identify their investor profile and were very involved in the investment of the most vulnerable of them.
Several complaints had been filed against them because many people felt abused. According to testimonies, the agents of Alvexo contacted them very regularly to encourage them to invest as much as possible.
If they made profits, they pushed them to reinvest their earnings until they lose everything.
The alvexo broker offers fairly classic services for a trading broker. It offers access to the most common markets, namely :
The alvexo crypto offer is very little provided. They only offer twenty tokens.
In addition to the CFDs on the financial assets mentioned above, ALVEXO has extended its offer to other additional services. The broker organizes for example occasional events during which they create contact with their customers and inform about finance.
The broker offers a service called Alvexo Plus via which it offers customers different services related to trading.
ALVEXO PLUS, these are different additional features such as :
All these features are accessible to members with an Alvexo account.
ALVEXO offers several different types of accounts to investors who wish to start using their solution to trade.
There are 4 types of accounts and each has its specificities. Here is a summary of the accounts.
| Risk limit | Gold | Premium | Elite | |
|---|---|---|---|---|
| Minimum deposit | 500€ | 10 000€ | 50 000€ | Unknown |
| Spreads | From 2.9 pips | From 2.2 pips | From 1.8 pips | 0.1 pips |
| Leverage | Without | Up to 30:1 | Up to 30:1 | Up to 30:1 |
| Minimum transaction size | 0.01 lot | 0.05 lot | 0.1 lot | 0.25 lot |
ALVEXO’s most reasonable account does not give access to leverage. We also note that the lever effects offered are very small compared to most other competing brokers which generally go up to 500: 1.
Alvexo account demo
Alvexo also offers the creation of demo accounts. These are used to be able to access trading tools and platforms using dummy capital. Demo accounts are appreciated by apprentice traders who want to apply what they learn without risking real money.
The brokers offer contracts on financial assets but generally, they do not offer a trading platform proper to open positions and place themselves on the price of assets.
When you create an account with a broker, it offers a number of platforms to which you can link your account to trade on the external platform.
ALVEXO offers 3 solutions for trading assets :
In terms of Spreads, Alvexo is not in lace. They have the highest spreats among the different brokers that exist on the market.
For a “limited risk” account, which is the most accessible, the spreats are at least at 2.9 pips when most other brokers like Vantage or Pu Prime offer spreats that start at 1.2 pips and go up to maximum 2.5.
ALVEXO spreads can go up to 3.5 pips. In Forex, it’s huge.
Regarding other Alvexo costs, the broker does not pay fees at registration or any management fees. Inactivity fees of € 10 are applied if you do not take a position for 30 days.
For the moment, it is no longer possible for French citizens to create an account on the platform of this broker due to problems with the regulator.
The Cypriot broker has been controversial several times as a result of dubious practices with its members. Many complaints have been filed against him and we know that the testimony of people is sometimes scary.
Indeed, they claim to have been pushed to invest until losing all of their capital, knowing that they are in most cases vulnerable and elderly people.
Apart from that, the ALVEXO AMF review is rather bad since the broker had to stop its activity in France following warnings from the AMF (Authority for the Financial Markets).
The Trustpilot Alvexo notice of users is mixed. ALVEXO receives a TRUSTPILOT note from 3.2/5 for 572 reviews.
Positive Alvexo user reviews mention that the customer service is responsive and attentive, that access to trading is simplified, that the platform is intuitive.
Negative Alvexo reviews from users relate to trade advice from teams that leads to loss of investors’ capital, very high commissions that force trades to be closed, blocked accounts without explanation.
We advise you to turn to another broker if you want to start trading.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and shall not be held liable, directly or indirectly, for any damage or loss caused as a result of using any goods or services highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.
Risk Warning: Trading financial instruments and/or crypto-currencies involves high risks, including the risk of losing all or part of your investment, and may not be suitable for all investors. Crypto-currency prices are extremely volatile and can be affected by external factors such as financial, regulatory or political events. Trading on margin increases financial risk.
Before deciding to trade in financial instruments or crypto-currencies, you should be fully informed of the risks and fees associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and tolerance for risk, and seek professional advice if necessary.
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