Alvexo: A Broker With A Plan For Everyone

December 4, 2020
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Alvexo came into inception in 2014 and since then the broker has grown significantly. The broker offers a myriad of assets such as stock indices, forex, commodities and crypto. It also offers plenty of account types for various types of users. The VIP Account even offers unlimited communication with a one on one account manager who will help you invest smartly, making it a good account type for investors who trade in huge volumes. Apart from good customer service Alvexo also offers more than 100 stock options and 20 commodities which makes it a promising platform for anyone looking to trade in these assets. Click the link below to join now.

Alvexo does not offer services in the USA & Israel, so, if you are looking for a good platform that offers a wide array of assets at affordable rates in these countries, then you must consider another broker, and we firmly that is the best choice you can make as it offers a diverse range of stocks, ETFs, bonds, crypto, commodities and CFDs. also boasts one of the most extensive educational libraries in the industry with multiple trading tutorials and plenty of courses on trading different assets. Sign up now for one of the most complete brokers in our database.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with Alvexo and scored our findings on a 10-point scale across 10 distinct categories.
Fees 6
Signup Process 7
Minimum Deposit 8
Ease of Use 7
Deposit & Withdrawal Options 10
Customer Support 8
Asset Classes 6
Referral Program 8
Demo Account & Educational Resources 8
Safety & Regulation 8
Total 76

Alvexo Introduction

Alvexo was launched in 2014 by the VPR Financial Group in Cyprus. The broker also has offices in Seychelles. Alvexo is a decent broker that does not operate on a massive scale as some other brokers do, like IQ Option which is available in over 200 countries. However, the broker does offer a decent set of assets and good customer service in the countries that it does operate in. You can avail brokerage services from Alvexo if you live in:

  • Australia
  • Thailand
  • Canada
  • United Kingdom
  • South Africa
  • Singapore
  • Hong Kong
  • India
  • France
  • Germany
  • Norway
  • Sweden
  • Italy
  • Denmark
  • United Arab Emirates
  • Saudi Arabia
  • Kuwait
  • Luxembourg
  • Qatar

Pros & Cons

Alvexo Pros

  • Good Customer service
  • Plenty of decent account options
  • A lot of stock options
  • No deposit and withdrawal fees

Alvexo Cons

  • Expensive forex structure
  • Does not offer bonds and ETFs for most account types
  • Educational resources could have been more detailed

Alvexo Account Types

Alvexo offers 5 different account types for users belonging to different categories. This provides users with the flexibility to choose the account type that suits their needs the best.

Alvexo Classic Account

The Classic Account is the basic account type that you can sign up for. The account has higher trading spreads compared to other account types however, it provides access to all of the same statistical and analytical tools you’ll get with the other account types. This account is best for you if you are a beginner or looking to try out the platform and see if it is right for you before committing more of your capital in it.

Alvexo Gold & Prime Accounts

The Gold Account has lower spreads than the Classic Account and the Prime Account has lower spreads than the Gold Account. Both Account types have SMS alerts and market news for your portfolio something that the Classic Account does not offer. These account types are for professional traders who want to regularly trade with the Alvexo platform.

Alvexo ECN Gold & ECN VIP

The ECN Gold & ECN VIP accounts are for professional traders who trade in high volumes as these account types have the lowest spread rates but require the highest account balance to start trading. The ECN VIP account also has unlimited sessions with a one on one account manager and more asset types such as bonds and cannabis stocks that are not offered in the other account types.

Here’s a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 Alvexo Fees

Let’s decouple the fee structure for Alvexo which is quite simple compared to some other brokers:

Alvexo Deposit & Withdrawal Fees

There are no deposit and withdrawal fees, something that we really like at Yoreoyster because we believe that you should not have to pay in order to deposit or withdraw your own funds. So kudos to Alvexo.

Alvexo Inactivity Fees

The inactivity fee for Alvexo is 10 base currency units which is applicable after 3 months of inactivity. The inactivity fee may not be a lot of money, however, there are brokers like that do not charge any inactivity fees at all.

Alvexo Forex Spreads

As we hinted above, the forex spread rates vary quite a lot depending on the account type that you use. Here are some of the spread rates (reported in pips) for some popular currency pairs for the different accounts:

CurrencyClassicGold AccountPrimeECN GoldECN VIP

You can clearly see that the spread rates for the Classic, Gold & Prime accounts are quite expensive. The ECN Gold and ECN VIP account types offer some good value but they are not accessible for every trader because of the high minimum initial deposit requirements (we’ll get to that in a second, so keep reading so you don’t miss it).

It’s important to note that there are several brokers that have much lower spreads than Alvexo’s Classic, Gold & Prime Account types, even for their basic beginner accounts. For instance, Tickmill allows you to get started from 0 pips and easyMarkets help you start from 1.2 pips.

The high forex spreads coupled with the inactivity fees make the broker lose some points and score a 6.

Alvexo Fees Score: 6/10

#2 Signup Process

The sign-up procedure for Alvexo is completely online and you can go through it quickly. You will need to upload documents verifying your identity & proof of address. The commonly required identity documents may include:

  • ID Card
  • Passport
  • Your driver’s license

In order to get proof of address you may need:

  • A utility bill, or
  • A bank statement

The verification of your account may take up to two business days due to which the broker loses a couple of points in this category as there are brokers like that allow you to get signed up and start trading the same day.

Alvexo Signup Process Score: 7/10

#3 Minimum Initial Deposit

The minimum initial deposit requirements for different account types are stipulated in the table below:

Account TypeMinimum Deposit
Classic500 Euros
Gold5,000 Euros
Prime10,000 Euros
ECN Gold20,000 Euros
ECN VIPThere is no minimum initial deposit limit
Call at +97142932472 for more details

The minimum deposit requirement of 500 Euros means that the broker scores an 8 because, while it is not a very high requirement for opening a new account, other brokers require a lot less or simply don’t require a minimum initial deposit at all. However, the other account types are a bit expensive and considering that you may want to opt for another account type rather than the Classic Account type does not bode well for different types of traders. If you want to get started with brokers that have no minimum initial deposit requirements do check out Webull, IronFX & Qtrade.

Alvexo Minimum Initial Deposit Score: 8/10

#4 Ease of Use

Alvexo offers its application on android, iOS and desktop versions. The sections below decouple the usability of these platforms.

Mobile Trading Platform

The mobile application has really good reviews on iOS and a rating of 4.0 however, the rating on google play store is not very high and a mere 3.3 due to performance issues faced by some users. The mobile application has a few useful features which include:

  • Daily signals for your assets
  • Charting tools
  • Real-time price movement alerts
  • Statistical tools

The options for statistical tools are really good for a mobile application, especially considering that they are not present in some brokers that have very simple and, at times, inadequate mobile apps.

Desktop & Web Application

Desktop & web applications have similar features. Both platforms have a good interface and usability as well. A sample screenshot of the dashboard is given below. Alvexo is available via the Meta Trader 4 platform. The dashboard is quite lean and helpful because you can easily identify trends associated with your asset rather than becoming very complicated. The statistical tools and market news features provided are similar to the ones provided by the mobile application. The broker, however, loses a couple of points because of issues with the android application.

Alvexo interface

Alvexo Ease of Use Score: 7/10

#5 Deposit & Withdrawal Options

There is a myriad of options via which you can deposit or withdraw your funds with Alvexo. This provides you with the much-needed flexibility that you need to deposit or withdraw your funds. Some of the transaction options offered are shown below:

  • Wire Transfer
  • Credit/Debit Cards such as Visa, Electron & Mastercard
  • E-Wallets such as QIWI WALLET, Skrill & Neteller

While Alvexo offers a decent amount of options for withdrawal and depositing of funds, an issue to be noted is that you must use the same method for withdrawal of funds that you used for depositing funds. This dimension scores a perfect 10 because of the plentiful options offered to users.

Alvexo Deposit & Withdrawal Options Score: 10/10

#6 Customer Support

Good customer service can really help traders in times of need. Customer service is more often than not a decision point for investors when deciding the broker of their choice. Some of the customer service options offered by Alvexo include:

  • Live Chat via the Alvexo website
  • Email at
  • Telephone at +97142932472

Customer support is available 24/5 during weekdays, which is pretty decent. However, Alvexo does not offer a personal account manager for the Classic Account type and a 24/7 customer service like IQ Option due to which it loses a couple of points.

Alvexo Customer Support Score: 8/10

#7 Asset Classes

Currency Pairs

Alvexo offers more than 40 currency pairs for their users which provides a good amount of variety for forex traders who want to uset he platform to build forex based portfolios. Some of the forex types offered include:


You can see from the sample of forex pairs above that Alvexo covers a lot of famously traded pairs in their portfolio which provides some good value for users looking to trade commonly traded pairs.


The broker offers some major cryptos like:

  • Bitcoin
  • Dash
  • Ethereum
  • Litecoin

If you are a crypto trader that likes trading the major currencies then Alvexo has you covered and you can trade in some of the top cryptos in the industry to diversify your portfolio.


Alvexo offers more than 100 stock options for users, some of the famous stock options provided by the broker are as below:

  • 3M
  • AAL
  • Alibaba
  • Allianz
  • Amazon
  • BYND
  • Caterpillar
  • Delta
  • Eon
  • Fiverr
  • GE
  • GM
  • IBM

Alvexo has you covered if you want to trade tech giants like IBM or conglomerates like Amazon or the insurance industry with companies like Allianz. There is a lot of good variety of stock offered across different industries from Alvexo for different users with different propensities for trading in various industries.


Alvexo offers more than 20 types of commodities. Some of the common commodity types offered by the broker are:

  • Brent Oil
  • Wheat
  • Coffee
  • Copper
  • Corn
  • Sugar
  • Natural Gas

The most common types of commodities are offered by the broker which bodes well for anyone looking to trade in commodities. Trading in commodities can be a bit risky at times and we at Yoreoyster recommend that you invest in them carefully after doing your own due diligence.

You can see that Alvexo offers some decent asset types and options within each asset type however, the broker does not offer any type of ETFs and bonds due to which it loses a few points.


Alvexo Asset Classes Score: 6/10

#8 Referral Program

Alvexo offers $250 for every friend that you refer to the broker. This is a good feature because beginners can start trading with friends by using the platform. All your friend needs to do is open a trading account with Alvexo and deposit the $500 with Alvexo. Once your friend makes 10 trades you will be eligible for a $250 reward from the broker which is pretty neat considering that many brokers do not have a referral program for individual traders.

Alvexo Referral Program Score: 8/10

#9 Demo Account & Educational Resources

Let’s examine the demo account and educational resources at your disposal to learn the art of trading via the Alvexo platform.

Demo Account

The demo account offers you 50,000 base currency units to learn how to trade by experimenting and creating your own portfolios. The account has no time limit which provides you with some decent practice before you start investing some actual money into your trading account.

Educational Resources

The educational resources offered by Alvexo include the following:

  • Video tutorials on the basics of trading & trading strategies
  • Glossary of key terms

The resources provided are not enough to train you extensively in trading. Alvexo just provides you with a few starters of trading. The tutorial videos just explain to users how to use the platform and how you can trade different types of assets. The decent demo account means that the broker scores an 8 for this dimension.

Alvexo Demo Account & Educational Resources Score: 8/10

#10 Safety & Regulation

Alvexo is regulated by the authorities in Cyprus (CySEC) and the authorities in Seychelles (FSA). Both authorities have significant experience in regulating brokers which provides much-needed safety to users of Alvexo. However, the broker is not regulated by other stronger regulators such as FCA from Uk and SEC from the USA due to which the broker scores an 8 rather than a perfect score. The broker is regulated by 2 authorities which provide added regulation and safety for users.

Alvexo Safety & Regulation Score: 8/10

While researching 100+ of the world’s top brokers, we’ve noticed what works and what doesn’t from the customer’s point of view. That’s why our final test for any broker is to compare it to, which scores 91/100 points across the 10 categories mentioned in this review.

Alvexo vs.

Alvexo has good asset options within each asset category, a good demo account and plenty of withdrawal and deposit options. However, there are a few ways in which our highest ranked broker is better than Alvexo. Let’s have a closer examination and see how

Better Asset Options gives you more options by offering more assets such as bonds, ETFs and more than 20 commodities and 1,700 stocks from different industries, nations and continents which really spoils users for choice.

A More Affordable Fee Structure also has a more affordable fee structure and they do not charge any inactivity fees as Alvexo does. The spreads are generally tighter associated with trading which provides you with some good honest value for your money.

Stronger Educational Resources

Alvexo has some good beginner educational resources however, is like a jedi for learning trading. does a comprehensive job of providing you with a lot of quality educational resources. Some of the resources offered include:

  • Tutorial videos on using the platform
  • Educational videos on trading different assets
  • Webinars
  • Educational articles

The resources offered to users start by teaching you how the platform works and then with webinars and articles keeps you updated with what’s happening in the market. also offers asset trading training guides.

Training Guides

  • CFD training guides
  • Commodities training guides
  • Indices trading guides
  • Trading psychology guides
  • Shares trading guides
  • Forex trading guides has you covered if you want to start trading an asset that you have not traded before. They also offer 5 courses that are aimed at training beginners and refreshing the knowledge of experienced traders. Online Courses

  • Introduction to financial markets
  • ABC of derivatives
  • Financial instruments
  • Derivatives and risks of trading
  • What are leverage and margin

The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices and knowledge of the industry.

So what are you waiting for signup today for the most complete broker in the business.

Related: If you want to learn more about this broker, you can read this excellent review of

In Summary

As a broker, Alvexo offers really good options for the asset types it offers. Moreover, the broker is available in quite a few countries and has several deposit and withdrawal options, which does not provide a hindrance for users looking to deposit and withdraw their own funds. Moreover, a decent demo account coupled with 5 account types for every type of user means that this broker caters to the needs of every type of user out there. Alvexo offers some really good options for stocks, and if you are a stock trader, you may want to apply for Alvexo.

On the other hand, is a much more comprehensive broker than Alvexo with no inactivity fees & a more robust and affordable fee structure. You can learn to trade a myriad of assets using the educational resources available on the platform. Moreover, also offers many more assets like bonds and a wider variety of stocks and commodities in addition to the assets offered by Alvexo. Join now to trade with a holistic platform and become a champion trader.

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