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About Alvexo a World Leading Investment Brokerage

alvexo forex broker

Spreads start from zero pips whilst there is a $18 round turn commission charged. Account holders get 6 months free 1 on 1 support, access to SMS trading signals/analysis, daily market review and daily live review. Account holders get 2 months free 1 on 1 support, access to SMS trading signals/analysis and daily market review. Regardless of what account type you choose, Alvexo provide clients with access to over 450 financial instruments traded in real-time, including forex, indices, commodities, shares, and cryptocurrencies. Importantly, Alvexo operates an STP—or Straight Through Processing—broker model, which gives you direct access to the broker’s liquidity providers which, in theory, should give you much tighter spreads. The ECN VIP account is available upon request and can be customised according to individual requirements.

How can the use of technical analysis reduce risk?

alvexo forex broker

The stop loss level specified within your trade ensures that the asset in question is sold when it reaches a certain level. This can prevent significant losses in the case of a long downward trend and an otherwise occupied trader, as the position is automatically closed when it arrives at the level specified. Commodities like wheat, livestock and gold are traded through contracts that give the two parties involved the right to buy or sell the commodity. Futures contracts can be created to sell or buy a commodity at a certain price in the future, without the explicit exchange of goods. The sum of a trader’s profits and losses on open positions should all trades be closed.

Over The Counter Market:

Five different account types are available at Alvexo,  all these provide more than ideal trading conditions. With this simulator, traders can test strategies and platforms without risk. This is a suitable option especially if you are a beginner as you can familiarize yourself in a simpler way.

Floor Trader:

alvexo forex broker

Commission costs for trading stock CFDs can range from $0.015 to $0.025 per share, while for other assets, the costs can be up to $50 per lot. Alvexo are known for the education that they provide along with their service-oriented focus for all levels of traders. You can utilise a comprehensive selection of daily signals, market analysis, economic news, trading academy, webinars and seminars. This is a really generous selection and puts alvexo forex broker them amongst the best brokers when it comes to education. Alvexo also offers its customers a Trading Academy, where new traders can learn forex trading essentials, watch tutorial videos, and pick up some simple trading strategies. A section for advanced trading strategies features how to develop a trading plan, how to perform market research and analysis, and how to enhance your trading strategy with more sophisticated techniques.

Start Trading CFDs with Alvexo today!

  1. After depositing $50 and receiving  a $25 bonus, the required trading turnover was $1250.
  2. For a Classic account, the requirement is $500, for a Gold account it’s $10,000, and for a Prime account, it’s $50,000.
  3. Futures are mostly traded on a futures exchange, which acts as a market-maker; forwards are usually traded over-the-counter and may apply to almost any type of commodity.

Alvexo offers 14+ indices in a range of markets, including AUS200, EU50, FR40, and GER40 among many other top-performing indices of US, Europe, and World origin. The charting tools are a step above other binary platforms I’ve traded on. Compare Pocket Option with the top 3 similar brokers that accept traders from your location.

Trading with the MT4 Webtrader

alvexo forex broker

The app lets me keep the markets in my pocket at all time and take them with me wherever I go. Alvexo protects your data by ensuring platform integrity and client confidentiality via the use of the strictest safety protocols. Transactions and trades are protected with 256-bit RapidSSL encryption through a firewalled system. Transactions are executed by the highest PCI-Certified (currently Level-1 but subject to upgrade upon availability) service providers and servers located in SAS-70 certified data centres. Deposits generally get credited immediately to customer’s accounts, with the exception of wire transfers, which can take one to four days to appear in the trading account.

Difference Between Swing and Day Trading

You won’t get charged any deposit or withdrawal fees from the brokers side although some fees may be charged by payment providers when using certain methods. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. I prefer card payments as they usually give me quicker access to trading funds.

alvexo forex broker

We will also explain, in detail, how to open an account at Blackbull Markets and the verification procedures. Alvexo proudly hosts over 370,000 members on its many platforms and is regulated & authorized by competent regulatory authorities like the FSA and CySEC, ensuring that its financial services are legalized. The different languages offered on its platform really do simplify trading for its clients that originate from 40+ countries. For its Muslim traders, Alvexo offers an Islamic account so that they can trade without having to receive or pay daily swap fees. All Islamic account holders are obliged to close any open CFD position within 45 calendar days of opening it. If you fail to do so, the firm reserves the right to terminate your swap-free privileges as this is a clear abuse of the agreement.

The best features offered by Alvexo are the its learning offerings, but those must be picked through carefully to find the right ones. Regrettably, there were no real unique features discovered during our Alvexo review. Spreads and commissions are extremely high, neither trading platform provided-as-is grants traders the required edge in today’s markets, and transparency regarding key costs are absent.

As is very much the industry standard these days, Alvexo runs the highly popular MetaTrader 4 software. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. For active traders, in particular, the higher account tiers offer low trading fees and a wide range of financial instruments. Over 450 assets are available in Alvexo, including currencies, indices, commodities, equities, and cryptocurrencies. This robust asset selection allows retail traders adequate diversification of their portfolios, although the downside of asset selection is unacceptable spreads and commissions.

In finance, the higher the deviation, the more volatile the market or the instrument being described. A Transaction execution, in which the order is filled at the best available price. If not available, the order is executed at the closest available price. A line chart plots the value movement of an underlying asset over a selected time period. The final hour of the last trading day for a bid to be placed for an instrument. Located in Frankfurt, the ECB was established in 1998 as part of the Maastricht Treaty as the European Union’s Central Bank.

Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials. Under this broker model, Alvexo does not act as a market maker or take on positions from clients itself, so that substantially reduces their conflict of interest with clients. Day trading is the practice of opening and closing small positions throughout the live session of any market. Day traders use news, economic reports and political events to forecast the direction of the many assets they believe will be influenced.

If books aren’t your thing, the broker has an academy that covers both beginner-level and advanced topics related to trading. Moreover, video tutorials are also available if reading isn’t for you. According to regulatory guidelines, Alvexo is permitted to provide its services to sister countries like Spain, Portugal, Austria, France. It can also provide its services to countries outside the EU, granted that they meet the regulatory requirements of the country, such as China, Egypt, Jordan, Lebanon, and United Arab Emirates. US citizens or residents, as expected, are barred from using their services.

As a regulated broker, Alvexo must abide by strict financial requirements that include regular internal auditing and external monthly monitoring by a certified public accountant. The company is a member of the Investor Compensation Fund (ICF) and is subject to maintaining minimum capital requirements. I like that Alvexo are regulated in a couple of countries but would like to have seen them regulated by what I would consider to be a top-tier regulator like AvaTrade are. That being said, I would still feel confident that my funds are safe and have no trouble trading with them. You can choose the entity that you want to open an account with during the signup process. The main different being the features and protections you can get, such as leverage and insurance.

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