Explore our concise Alvexo review – Your gateway to informed trading decisions at TradingGreens.com.
Alvexo review – History
Alvexo, founded in 2014, always harbored a singular goal: to provide educational resources to traders in multiple languages, a strategic move that paved the way for the trading platform’s rapid growth.
Upon its launch, the platform introduced an array of trading tools and a comprehensive trading academy, serving as a go-to resource for guides and more.
In October 2017, a mere three years after its establishment, the trading platform was launched, featuring compatibility with both desktop and tablet devices from the very beginning.
By December of that same year, the platform received an update, enriching the trading academy with additional educational materials, video guides, and tools, including insights from foreign exchange experts.
During the period spanning 2016 to 2017, Alvexo garnered recognition for its sponsorship of the Cyprus Team at the Special Olympics.
The Cyprus Team enjoyed the support of Alvexo’s brand ambassador, Julien Lepers, a renowned TV and Radio Host from France.
Alvexo review – Security
When talking about crypto trading platforms, it’s always important to take a look at the safety and security measures of each platform.
Trading cryptocurrencies involves a lot of money, so traders want to ensure their funds are safe. Luckily, Alvexo is a rather safe platform.
The Cyprus Securities and Exchange Commission (CySEC) regulates Alvexo, placing it among the safest trading platforms currently available. When trading on this platform, you can be confident that your funds are secure. We always advise traders to actively seek out regulated platforms.
In case of doubt, use the demo account
One of the things we always like to see when using a new crypto trading platform is the option to use a demo account.
When using a demo account you’ll be able to try out the platform using virtual money, so you won’t have to deposit your money right away.
Instead, you can thoroughly try out the platform and maybe test a few of your own trading strategies before actually putting your money on the table.
The Alvexo demo account provides you with 50.000€ of virtual money, which is more than enough to play around with.
Alvexo review – Mobile App
Alvexo provides a mobile app that enables you to trade on the go without sacrificing any of the features found in the desktop version of the trading platform.
You can download the app from both the Apple App Store and the Google Play App Store, making it compatible with both iPhones and iPads.
The user reviews for the mobile app are pretty good overall, which lines up pretty well with our own thoughts about the app.
It’s intuitive in its use, the design is flawless and they managed to translate the look and feel of the desktop version pretty well into the mobile app.
If you’re travelling a lot but don’t want to miss out on your trading business, then we can definitely Alvexo and its mobile app.
What are the pros and cons of Alvexo?
Alvexo has a lot of positives to offer its customers. You will have access to many different trading instruments and assets, allowing for a lot of flexibility in your trading strategies.
Alvexo also provides the trader with access to MetaTrader 4 as well as its very own tool Alvexo WebTrader, which takes a lot of inspiration from the aforementioned MetaTrader 4.
As mentioned before the platform also offers a plethora of educational materials, guides, webinars, ebooks and much more. This is helpful for both veterans and new traders, making it a rather attractive trading platform all around.
On the flip side, customer support seems to be rather slow compared to some of the other platforms.
The high minimum deposit of 500$ is also something that might scare some interested traders off, though you can always use the demo account before deciding to make such a big commitment.
Pros of using Alvexo
- 450+ tradable assets
- MetaTrader 4
- Good regulation and security
- Good for both beginners and veterans
Cons of using Alvexo
- Support team can be a bit slow
- High minimum deposit
- Inactivity fee
Alvexo review – Customer support
During our review, we also did some research on Alvexo customer support, both in terms of contact options as well as user reviews.
Although the customer support tends to be a bit on the slow side, the reviews for it are still slightly above average.
Though replies take a while, the customer staff usually manages to take care of issues properly, something not every platform seems to be able to do.
Live chat
We didn’t find a live chat option during our review, which is a bit disappointing. However, Alvexo can be contacted via landline so depending on in which country you reside, you can reach Alvexo through phone, which, again, is something not every platform does.
Overall, the customer support experience was positive, though you’ll have to get used to the fact that the support team will be a bit slow at times.
Fee structure
Alvexo’s fee structure is mostly based on spreads and commissions and the platform offers a comprehensive overview of the spreads and commissions for each asset on their platform.
The broker also offers a VIP program and depending on your VIP tier you’ll get smaller fees, making your potential margins even bigger.
In case you’re not familiar with the term spread, we’ll explain it in more detail at the end of our article.
For the more experienced traders, here’s a little overview of Alvexo’s fee structure:
As you can see, the assets are listed in alphabetical order, with the different VIP tiers shown at the top and the spreads for each asset in the columns underneath.
You can also use the search instrument field to jump straight to an asset of your liking, so you can immediately see the Spreads of said asset.
Overall it’s a pretty fair fee structure.
Alvexo review – Payment methods of Alvexo
Alvexo offers a bunch of different payment options, and while it’s not as restricted as some of the other platforms we’ve reviewed before it definitely is still lacking a little when it comes to flexibility.
You have your standard options like Credit Cards (Visa Electron, Maestro, CASH-U, V-Pay) and electronic wallets such as QIWI Wallet. You can also use the classic wire transfer.
The minimum deposit is dependent on the type of account you choose. But even the lowest tier account, the Classic account, requires a deposit of at least 500$.
The Gold and Prime account on the other hand require a minimum deposit of 2,500$ and 10,000$ respectively. Most withdrawals will take between 3-5 days, though wire transfers, as is usually the case, can take longer.
Alvexo review – Alvexo WebTrader
The Alvexo WebTrader is an app that was specifically designed for the Alvexo crypto trading platform. It has many integrated tools which help facilitate your trading experience.
Executing trades will be significantly faster, ensuring smoother trading performance and granting you access to live market data. This access will enable you to gather all the necessary information for each of the assets you may wish to trade.
You’ll also be able to make use of live notifications, providing you with updated information whenever the market swings in any direction as well as news surrounding the assets you’re trading.
All in all Alvexo WebTrader is a great tool to help you do your trades in the most professional manner possible.
Alvexo review – Alvexo+
When using Alvexo+ you will have access to an additional set of tools as well as the trading academy we mentioned earlier. From webinars to finance TV, you’ll get all the resources you need to make the best of your trading experience.
You’ll get financial news on a daily basis, a blog as well as a profit and margin calculation sheet, making it even easier for you to plan your trades properly.
Alvexo review – What can I trade on this platform?
450+ assets are tradable on the Alvexo crypto trading platform and among them, you’ll also find many prestigious and growing companies such as Airbnb, Amazon, Netflix and more.
While there are some platforms out there with a bigger selection, you’ll still have a lot of diverse assets at your disposal.
Forex trading is also a big topic on the Alvexo crypto trading platform and there’s a very comprehensive guide regarding Forex trading on Alvexo, so if you’re still new to Forex trading, you should definitely check it out.
