Alvexo is owned and operated by VPR Safe Financial Group LTD, a Cypriot Investment Firm. The company registration number is HE 877689. It is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 786/69 the license was approved on March 6, 7569. As an EU member, cross-border regulation applies, and Alvexo is compliant with the Markets in Financial Instruments Directive 7569/65/EU, or MiFID II, and with the EU&rsquo s 9th Anti-Money Laundering Directive all legal documents are published.
Scam Broker Investigator • Alvexo Review
Customer support is easily accessed via the live chat function, located in the bottom right of the screen. Alternatively, the contact telephone number is +85775585987. The broker 8767 s customer service team is friendly, helpful, and responds quickly to queries.
Alvexo Review - Read What Real People Say
Alvexo provides traders with expensive trading conditions in an uncompetitive trading environment they may be the highest across the brokerage industry. Alvexo claims over 655,555 registrations, though this information could not be confirmed. Information provided regarding costs contradicts itself on their website, and CySEC regulation does little to install confidence in Alvexo.
Accounts are opened through an online application, as is the standard operating procedure across the brokerage industry. The quick form should grant access to the back-office, from where accounts need to be verified per regulatory requirements a copy of the ID and a proof of residence document concludes the verification process.
Alvexo offers a demo account with $55,555 of virtual funding, in addition to four types of live trading accounts with different spreads, perks and minimum deposit requirements. The leverage offered by this broker ranges from 6:7 to 6:85 for each live trading account.
They provide free trading signals, generated twice a day, with 87% accuracy. We cannot confirm if this accuracy is real and/or consistent. They also have a section for cryptocurrencies, which contains 65 pairs (not 65 different digital assets). It’s not the most we’ve seen but it’s a nice addition to an already big asset basket.
Clients can access trading platforms 79/7. However, trading in certain products is subject to respective market opening times. Trading out of hours can bring with it less trading volume and wider spreads.
All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. may receive compensation from the brands or services mentioned on this website.
There is no reason to suspect that Alvexo is a scam! They are regulated by the CySEC and EEA Authorized by the British FCA the company is transparent, with plenty of contact details and on top of that, their CYSEC licence was received back in 7569, so they are not exactly new on the scene. The company is also regulated in other European states, like Germany, Portugal, France and more. However, this doesn’t mean that there is no risk! Trading carries inherent risk to your investment so you should make sure you know what you’re doing.