And don’t forget you’ll still have to pay commission and transfer fees. The other is that commissions and other fees are just too high compared to the other exchanges and brokers. The feedback is all over the place – a lot of user reviews out there put it at about 3 or 4, but there is tons of negativity as well. Based on the uncovered issues (which you’ll see just a bit further) – they are part platform’s fault and part staff’s issues. They aren’t really distinct, the only real thing that changes is the minimal deposit size, as well as spreads size, which get tighter the more you pay. Bear in mind, the read difference between them are gradually decreasing spreads and that you don’t have access to stock and bonds until Prime.
Both are very helpful if what you want is an analytical and highly strategic approach to trading. Which one to pick is up to you, it’s basically the choice between simplicity and effectiveness. Neither is inherently worse than the other two, and it also depends on what sort of products you’d like to trade. It’s so nice that Alvexo offers varied accounts that can fit any kind of trader, at any level of expertise. I started off with a Classic account and eventually upgraded all the way through to Prime account. I felt (and feel) that all three accounts I used were very beneficial to me.
Alvexo has some downfalls and awesome stuff, too – like totally lit live trading signals.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Apart from the FCA regulation the company has covered all the EU region completely. It means that the broker is a real deal and you can have long-term, mutually beneficial cooperation with it. Barring the financial nonsense and occasional withdrawing problems, Alvexo is an alright experience. But if you want to be proficient at CFD trading (or at trading in general), it’ll be very helpful to consider what different features on Alvexo have to offer.
Some of these assets can be traded as CFDs (which are contracts for difference, a very powerful speculative agreement between an exchange and a user, basically). The trading platform is one of the best and most powerful trading software out there. It takes your trades to another new level to take full control over and take advantage of the volatile market with its instant execution trades. However, withdrawals are often processed with delays in the evening.
It’s so nice that Alvexo offers varied…
Sometimes when you’re trying to withdraw your money, Alvexo staff forbids you to do so and then two things can happen. Given that a lot of reviews are strictly positive, Alvexo doesn’t always provide bad experience – just regularly. Alvexo is very keen on providing a quality CFD trading experience. Moreover, they got things like shares, indices, commodities and crypto.
Importantly, you can’t really trade in stock unless you get the 50,000 EUR deal. That isn’t exactly logical, but they must have their reasons to restrict people this way. This deal also opens up a bond trade for you, which is one of the key subtypes of the trading in CFDs. Alvexo is a small broker registered in Seychelles, which is to say, it’s really unknown where they came from. Not a great start of a relationship, but they are generally legitimate, unlike so many other brokers. We use dedicated people and clever technology to safeguard our platform.
Alvexo accounts
And don’t forget – there are better broker choices out there. If you don’t really want to continue searching or if you’ve found something you definitely like on Alvexo, it might just off-set all alvexo broker the bad stuff. What good sides Alvexo has don’t off-set the poor choices and issues they got, especially since the advantages don’t directly affect your trading – they just help you get along.
- But if you want to be proficient at CFD trading (or at trading in general), it’ll be very helpful to consider what different features on Alvexo have to offer.
- However, withdrawals are often processed with delays in the evening.
- It goes against our guidelines to offer incentives for reviews.
Until then, you can trade in Forex, commodities, indices and crypto. The problem is that you won’t be able to do it right away, and you have to cough up some money before they allow you to, say, trade in stocks. The news is informative and can give you an idea of what’s on, but you’ll have to make conclusions for yourself.
DON’T DEAL WITH ALVEXO BIG scam
It’s not often that you encounter a broker so dedicated to improve the chances of their customers by giving them so many practical and theoretical solutions to trading. The academy, on another hand, stores a lot of tutorials in video and article formats. These are absolutely necessary to read if you’re new to the trade, and you can even look at the advanced tutorials if you want, in order to improve your understanding. Luckily, they don’t restrict you on any other significant fronts. The first two account types don’t have perpetual commissions, which might even be a benefit for some people.
- Alvexo Plus section on the site is the one I use daily as it helps me to conduct a good analysis.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- But no less importantly, there are several key pieces of software to give you access to trading and basically improve your chances.
- Here, the events are given days before they happen and the compilers actually try to predict how the specific events will affect the currencies.
- It’s so nice that Alvexo offers varied accounts that can fit any kind of trader, at any level of expertise.
It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.
However, it’s marred a bit by the fact that you may be denied support for no reason whatsoever. There is pretty much only two tangible advantages, but they don’t really compensate for all the issues listed above. It’s usually some sort of guilt tripping to make you continue trading with them. Given that you already have to pay them a lot, it’s nothing less than extortion. When this is true, you can justify the initial lack of something as a part of the learning curve. First you earn some money trading easy, and then go on to some harder products and more pro-grade tactics and instruments.
Gamblers using your money!
But no – as you’ll see, it’s just to force you into paying more. So, let’s see what exactly is Alvexo and if there’s something worthwhile offered by this brokerage provider. There’s seemingly nothing special about Alvexo, but if you’ve noticed something intriguing on this website, you might be interested in a whole and thorough review about the broker. Especially since a lot of the features and problems are, as usual, hidden away and will only be met after signing up. Alvexo Plus section also has a bunch of theoretical material both for practical uses and to learn more about trading and investing.