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You need to check out this broker if you are looking for a broker who offers a wide variety of asset classes and low commissions while providing extensive learning resources for traders. You might find that Alvexo is a good option for you in that case. Since the company’s founding in 2014, Alvexo has acquired customers in over 100 countries, and its growth has been explosive.

During our Alvexo UAE review, you will be able to learn more about the pros and cons of this broker as well as how you can sign up from your computer, smartphone, or tablet in a matter of minutes.

What is Alvexo UAE?

alvexo logoIn short, this is a regulated online trading broker whose focus is on providing a friendly trading experience to traders while also providing them with the opportunity to improve on their skills and learn new things. Alvexo is a company founded in 2014 with offices in Paris and Cyprus. Trading at Alvexo is based on advanced technology to ensure trades can be executed instantly, making it attractive to traders at all levels of experience.

Alvexo is an online CFD trading platform, and it offers many of the same services as stockbrokers, such as mobile apps, web-based trading platforms, as well as MT4 support for those traders dealing in foreign exchange. Due to the fact that Alvexo is essentially a CFD platform, its commissions are deducted from the spread per asset. In addition to the Classic Account, there are also other account types with various spreads, but on the Classic Account, the spread can be down to as low as 2.9 pips. There is only one commission charged, the spread, and no other fees are assessed on any transaction.

69.80% of retail investor accounts lose money when trading CFDs with this provider.

As we have already mentioned in this Alvexo Review, Alvexo provides traders with a platform where they can both trade and learn simultaneously. We offer a wide range of educational offerings, including trading signals, news, webinars, eBooks, economic calendars, and even a Financial Web TV that is available on Alvexo’s website. Additionally, because the platform is licensed and regulated by CySEC in the EU, traders are able to reap the benefits of its reputation for security.

Alvexo Broker UAE Pros & Cons

What we like

  • Separation of client funds
  • Protection from negative balances
  • Commission-free trading
  • Traders’ academy
  • Additional trading tools

What we don’t like

  • Fixed spread accounts available
  • Online chat is not available
  • Minimum deposit of $500

69.80% of retail investor accounts lose money when trading CFDs with this provider.

What Can You Invest in and Trade on Alvexo UAE?

With Alvexo, you can perform currencies, commodities, indices, equities, and cryptocurrencies trading. While this robust asset selection allows most retail traders to diversify their portfolios adequately, its downside is that it leads to unacceptable spreads and commissions.

Additionally, they are sorted by asset class and a search function. However, the list only includes five major assets, and traders often have to scroll through a long list. A new tab will open and show the exchange rates for the asset if you click on “View all details.”

Invest in Forex

The first thing you will be pleased to know when you decide to start forex trading is that Alvexo offers a variety of currency pairs to choose from. Over 58 currency pairs are covered by the service, including major ones like EUR/USD and minor ones like NZD/JPY. Moreover, Alvexo offers a range of niche trading pairs, including USD/SAR and USD/RON.

Trade Stocks

Alvexo users can trade a wide variety of stocks through CFDs, including some well-known names, such as Apple, Amazon, and Tesla. Members of Alvexo+ get complimentary stock analysis options and detailed stock charts for each of these CFDs. Moreover, since these stocks are offered as CFDs, retail traders have the opportunity to use leverage of 1:30 on these products and even higher leverage for more experienced traders.

Invest in Indices

If an investor would like to participate in index trading at Alvexo, a wide range of major indices is available for them to choose from. It is important to note that investing in the Australian, Italian, French, and Japanese indexes is a broad-based international diversification strategy. Additionally, there are multiple U.S.-based indexes, such as the “United States Tech 100” index, which measures the top 100 technology stocks listed on NASDAQ

Trade Commodities CFDs

There is a wide selection of major indices in Alvexo in which investors may make investments in case they are interested in participating in index trading. You can choose from a broad range of indices that can be used to invest in countries such as Australia, Italy, France, and Japan. In addition, NASDAQ and other exchanges have multiple indexes that track U.S. technology stocks listed on the NASDAQ, namely the United States Tech100 index.

Keep in mind that you are not directly acquiring assets and securities if you don’t want to claim ownership.

CFDs are short for contracts for difference, meaning you can only predict price movements with them. On the Alvexo platform, 450 assets are traded. Assets in this category include commodities, equities, cryptocurrencies, and currencies, all of which can be purchased with a small deposit. By diversifying their trading portfolios, traders can take advantage of this large variety of assets. However, traders are limited in diversifying their portfolios due to spreads and commissions associated with the assets.

In order to join Alvexo forex broker, you will be able to choose the best account type using the “Account Builder” tool. Here are some general questions that Alvexo com will ask you:

  • Investing Style
  • Tolerance to Risk
  • Level of Experience
  • Knowledge of Trading

According to all these criteria, Alvexo will provide its recommendation on the account that best suits your needs based on minimum deposit options. Alvexo’s platform will also suggest how much money you should invest at the start. There is a lot of very positive feedback from traders about Alvexo’s recommendations, so these recommendations are trustworthy. A majority of the calls are written for new traders so they can get an idea about how to start trading, while for experienced traders, it provides an advanced level of skills.

Trade Cryptocurrencies

In this Alvexo Broker review, we’ll take a moment to mention the best cryptocurrencies to buy that are available on the Alvexo Broker platform. A number of cryptocurrencies are available, such as ETH, BTC, LTC, XRP, and DASH. There are several cryptocurrencies that can be traded both in crypto and fiat formats. Alvexo’s platform also offers a fair-trading policy for Litecoin in addition to its Litecoin and Bitcoin currency pairs.

The holder of a cryptocurrency trade does not need to hold the asset, nor does a portfolio on an exchange need to be created. For cryptocurrency traders, CFDs are an excellent option.

69.80% of retail investor accounts lose money when trading CFDs with this provider.

Alvexo UAE Fees & Commissions

Alvexo offers very competitive commissions. The company does not charge any fees for deposits and withdrawals, but it does charge commissions and spreads when trading tradable assets. In comparison to other foreign exchange brokers, Alvexo charges somewhat high fees. For example, CFD commission costs for stocks can range from $0.015 to $0.025 per share, while those for other assets can be as high as $50 per lot.

Brokers make additional profits from the losses of their traders by acting as counterparties to open positions. Their spreads may differ depending on the type of account, but they are highly competitive. For example, the spreads on classic accounts start at 2.9 pips and go down to 0.1 pips for Elite account holders. With the Elite account, the spread on indices like the FTSE 100 begins at 0.88 pips and with the Classic account at 3.5 pips.

For Classic, Prime, and Gold members, the portal offers a commission-free trading structure. However, there may also be an inactivity fee equivalent to 10 units of the base currency. In addition to overnight positions or left overnight positions, Alvexo charges exchange commissions.

Alvexo UAE User Experience

This Alvexo review will now focus on the user experience with this platform.

As soon as you visit Alvexo’s website, you’ll notice that it has really good research and teaching initiatives to support its traders. The following features are explained in more detail below.

The market updates cover mostly the most recent trends in the market and the corresponding daily and weekly analysis of trading. The services and platform provided by Alvexo provide very concrete, nicely presented documents, despite the fact that many of them have very short content on market trends.

Signals: Alvexo provides free trading signals, which are announced with an accuracy rate of 82 percent, which is announced with 82 percent accuracy. Even though the accuracy rate is so high, the trading signals maintain a 79% accuracy rate, which is a desirable rate for a trading system on the whole.
The economic calendar consists of a blank section that can be filled in at any time. By filling in these blank pages, one can schedule trade at any time. Therefore, it is possible to have a more diverse system of trading. The combination of these factors makes Alvexo one of the unique financial groups in the world.

There is an MT4 plug-in available, as well as four trading calculators. It is important to note that each calculator accurately determines the broker fees, profits, and losses. Furthermore, there is an option for manual trading. For this reason, these calculators are of great use to the users.

Using the blog section of the platform, you will be able to find useful trading guides and trade topics. You can create an attractive blog by creating a blog with different font sizes, colors, and images. The purpose of this blog is to update customers on what’s happening in the market so that their trading experience can be enhanced.

Alvexo UAE Features, Charting, and Analysis

It is now time to discuss some of the features provided by the platform, along with their respective analyses.

There is plenty of information to be found in this review for you to make an informed decision.

Negative Balance Protection

As one of its most distinctive features, Alvexo has the ability to protect against negative balance because that is one of its most notable features. In addition, it is guaranteed that clients won’t lose more money than they invested in the platform since a money-back guarantee backs the platform.

Leverage

With a leverage ratio of 30:1 in Europe, Alvexo offers a much higher leverage ratio of 300:1 for users trading through the Financial Services Authority in the UK. However, it is important to note that leverage should only be utilized when a user is aware of the risks involved in trading in currency pairs or CFDs.

Customer Support

From 8:30 am to 6:00 pm, Monday through Friday, Alvexo’s customer support team is available to provide assistance. Alternatively, customers can contact the customer support team via email or phone during these hours. Unfortunately, the official website of Alvexo does not offer a live chat function.

Regulations

Alvexo is a legal brokerage. Trading CFDs and Forex on this platform is therefore 100% safe. VPR Safe Financial Group Limited owns and operates the broker. Financial services are regulated by the Cyprus Securities and Exchange Commission (CySEC). International operations of Alvexo are managed by HSN Capital Group Ltd, a subsidiary of the Seychelles Financial Services Authority (FSA). Negative balance protection is available at both branches, despite slight differences in plans and leverage rates.

Clients

In addition to its 450 financial tools, Alvexo Brokers has thousands of registered traders worldwide, including the UAE, Singapore, and France.

Demo account

This platform is available for free as a demo on the Alvexo website. There is a virtual account for the purpose of demonstrating the features. It allows traders to try out platforms and strategies without taking any risks.

Alvexo Trading Academy

Among the unique features of the Alvexo trading system is that the Alvexo trading academy is also an educational platform for brokers. The interface of this user interface contains a lot of video tutorials and educational resources. To begin learning how to trade, you need to click on “start learning to trade” and then open the articles and videos tabs. The content on this website is very educational.

Alvexo Plus

The Alvexo Plus service is available to all Alvexo users. Besides having access to Trading Central Academy Financial Web TV, students can also keep up with the latest news, webinars, trading signals, e-books, economic calendars, and economic events. In addition, traders can also take advantage of the Alvexo Plus service, depending on the type of account they have.

The Alvexo Plus package is available to Classic account holders for 30 days with a personal consultation. Alvexo Plus is available for 60 days, along with three monthly consultations with a specialist. In addition, members of Alvexo Plus can receive up to five personal consultations per month for a period of 120 days. Alvexo Elite members can also receive life consultations as part of their membership.

MetaTrader 4 Support

As well as its web platform, Alvexo offers MT4 support, making it one of the best MT4 brokers for traders who want to trade Forex. After you have created an Alvexo live account, you will be able to download the MetaTrader 4 application within a few clicks and sign in using your Alvexo credentials.

The MT4 platform has all the eye-catching features for which MT4 is known, including a large number of order types, 30 different technical indicators, and nine charting timeframes. In addition, who can also customize the trading strategies to make the use of MT4 as convenient for the user as possible. As another option, Alvexo customers can download the MT4 app on their smartphones or tablets and log in with their own credentials to enable seamless trades on the go.

Alvexo UAE Account Types

Currently, Alvexo offers five different types of accounts, all of which provide more than ideal trading conditions.

69.80% of retail investor accounts lose money when trading CFDs with this provider.

In order to open a classic account, a minimum deposit of €500 is required. Deposits start at 3.3 pips. You can only trade with this account type if you are interested in trading Forex, commodities, indexes, and cryptocurrencies. This resulted in a significant reduction of the number of assets available from the 450+ advertised previously. The broker’s Gold account is the most popular, but it requires a minimum deposit of €5,000 to open. In addition, the spread minimum has changed from 2.2 pips to 2.2 pips. As well as this, there are no equity CFDs, the minimum order size has been increased from 0.01 lots to 0.05 lots, and the stop-out level has been lowered from 50% to 15%.

A minimum deposit of €10,000 is required for the Prime account in order to receive 1.8 pips spread reduction. There are no other changes to the conditions other than the minimum lot size of 0.25 lots.

If you wish to trade equity CFDs in the ECN Gold account, a minimum deposit of €20,000 is required. The spreads appear to be set at 0.0 pips on the account page, contrary to information found elsewhere, although this is clearly not the case. This pair of currencies has a trading spread of 1.4 pips and a commission of $18 per lot.

All assets are available to you whenever you sign up for the ECN VIP account. Since the minimum lot size has been raised from 0.25 lots to 0.25 lots, deposit amounts will only be available upon request, but considering the structure implemented, they are likely to exceed €50,000.

Alvexo UAE Mobile App Review

Platforms are increasingly using mobile applications to communicate with their users and to communicate with each other.

With its mobile app, Alvexo makes it easier for its clients to negotiate on different assets with their company with the help of the mobile app. You can download the app from the App Store or Google Play Store for free, and it is compatible with both iOS and Android devices.

Once you have received your login details as a member, you can start trading right away.

In summary, the following are some of the features of the application:

  • The daily signals
  • Charting suites
  • Real-time alerts
  • Tools for risk management

Alvexo UAE Deposit and Withdrawal Methods

Traders can deposit and withdraw money from Alvexo using a wide range of deposit and withdrawal options. However, if you would like to do so, you must log in to the trading account and select the deposit fund under the deposit activity section at the top of the dashboard.

Alvexo offers a limited withdrawal option to traders with strict verification procedures now. To trade with Alvexo, you will have to present the following documents:

  • Photocopy of ID card
  • Utility bill
  • Bank account details
  • Government-issued identity card

In addition, the EU directive requires brokers to subscribe to investor compensation funds based on their trading history, as well. Alvexo is covered by a client protection cover provided by the CIF, which states that in the event of any default by Alvexo, it will cover up to a maximum amount of €20,000.

To comply with the regulatory requirements, Alvexo must also maintain its clients’ deposits in a separate bank account that is protected from negative balances. The client’s funds are thus adequately protected by Alvexo.

As of today, Alvexo has introduced a new minimum account amount of $250 for its platform. It is important to note that the Alvexo com platform does not charge commissions or fees for deposits or withdrawals of funds, so if intermediaries charge any fees, then who can reject those costs.

Alvexo UAE Contact and Customer Service

If you need to contact Alvexo’s customer support or compliance department, you can do so easily through their live chat service that you can find at the bottom of the page. You can also find contact numbers for the various company branches on the official website, which are located in the United Kingdom (UK), France, Romania, Spain, South Africa, Italy, and Sweden.

Let us imagine for a moment if a trader has any questions about the platform’s features, fees, bonuses, or functionality. A trader who encounters this problem is advised to contact the customer support department of the broker, which will gladly assist them. A support staff member will generally respond quickly, is extremely responsive, and is efficient when it comes to dealing with problems when they arise.

Is Alvexo UAE Broker Safe?

Under registration number HE 322134, Alvexo Brokers is owned and operated by VPR Safe Financial Group Ltd., a Cyprus investment company. A license number of 236/14 has been assigned to the broker company by the Cyprus Securities and Exchange Commission.

How to Start Trading with Alvexo UAE

Step 1: Open a Trading Account

On the Alvexo website, click on the “Sign Up” button. The following page will ask you for your name and email address before you choose a password.

69.80% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Verify Your Identity

You can only make a deposit after the account has been registered. The next step is to visit your account dashboard and enter the personal information Alvexo needs to verify your identity. Upon registering for an account, you will need to upload a photo ID and proof of address.

Step 3: Deposit Funds

Click on the ‘Deposit Funds’ button to access the deposit menu in the top right corner. Then, you can choose to deposit by credit/debit card, wire transfer, PayPal, or another e-wallet after entering the amount you’d like to deposit (€500 for Classic accounts).

Step 4: Start Trading with Alvexo UAE

Once your deposit is complete, you can begin trading. To start, simply search for the asset you want in the asset list or search bar, and then click the ‘Buy’ button. You will see an order box on the right side of your screen. In this box, you will need to enter the size of your position (in lots), select your stop loss or take profit level if you wish, and click ‘Buy.’

69.80% of retail investor accounts lose money when trading CFDs with this provider.

Alvexo UAE Review – Conclusion

The Alvexo review has covered all the essentials of the trading platform, emphasizing its features and fee structure and showing you how to set up an account in minutes. With a wide range of educational materials and strict CySEC supervision, Alvexo is undoubtedly a better brokerage for beginners and advanced users.

Creating an account on your mobile device, laptop, or tablet is extremely easy.

alvexo logo

69.80% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What is Alvexo UAE?

Alvexo is a regulated online brokerage that was founded in 2014. The firm provides traders with friendly trading experiences and opportunities to develop their skills.

What is Forex trading?

In a foreign exchange market, currencies are converted into and out of one another. This is why it is referred to as the foreign exchange.

What is cryptocurrencies trading?

In order to store value and transfer funds, cryptocurrencies like Bitcoin and Ethereum utilize blockchain technology. As a result, cryptocurrencies such as Bitcoin are traded in real-time.

Can I trade with leverage in Alvexo UAE broker?

Alvexo offers leverage of 30:1 to European traders, but users trading under the FSA's guidelines can benefit from a leverage level of 300:1.

Can I open an account with Alvexo in the UAE ?

The steps in this review will guide you through the process of opening an account.

About Omar Ortiz
About Omar Ortiz

Radio producer, interested in international media, long distance communications, technology and world cultures.