Alvexo Experience 2021 - Serious Broker or Pure Scam?

Overall Rating: 
5/5 stars




Alvexo is an online broker based in Cyprus that promotes itself as a "real broker for real traders". Investors can trade CFDs on shares, indices, forex, commodities and cryptocurrencies.

What Alvexo experience do users have? How good is the Alvexo offer? What costs and fees are charged?

In our comprehensive Alvexo test, we put the broker through its paces. You can find out all the results and advantages of the broker here in our Alvexo review.


What is Alvexo?

Alvexo is an online broker and trading name of VPR Safe Financial Group Limited, a Cyprus Investment Firm (CIF) with registered office at 1, Agias Fylaxeos Street, 3025 Limassol, Cyprus (company registration number HE322134). The company is regulated by the Cyprus Securities and Exchange Commission (CySeC) under licence number 236/14.

According to its own information, the broker currently has around 960,000 users with customers in Europe, the Middle East and America. Alvexo is primarily aimed at trading beginners and wants to suggest a positive, superior trading experience with its slogan "Trade the difference".

The Alvexo offering currently includes around 500 trading instruments in the asset classes equities, foreign exchange, indices, commodities and cryptocurrencies. The broker finances itself solely through spreads and swap fees, and does not charge commissions or transaction fees.

With 4 different account types - Classic, Gold, Prime and Black - advanced and professional traders are addressed in addition to trading beginners. The latter can trade with up to 1:300 leverage with proof of their experience and pre-qualification, private investors are limited to 1:30 leverage according to ESMA regulations.

In addition to regulation by CySec in Europe, Alvexo also has international regulation by the Financial Services Authority (FCA) of the Seychelles. The broker was founded in 2014 and has since continuously expanded its markets and offering. Alvexo is also known as the shirt sponsor of the British Premier League club Norwich City FC.

What is Alvexo

Alvexo offer

Our Alvexo review shows that there are currently around 500 trading instruments in the Alvexo offering across equities, forex, indices, commodities and cryptocurrencies.

The extensive offering is presented in a detailed list and is constantly being expanded with new instruments, such as cannabis stocks recently.


Those who love forex trading will find a whopping 64 forex pairs in the Alvexo range, which can be traded at attractive spreads. In addition to the sought-after major pairs, which can be traded with 1:20 leverage, there are also numerous minor pairs for which 1:10 leverage can be used.

The spreads for users depend on the account type selected. For Classic customers, the minimum spread is 2.9 pips, for ECN customers with a professional trading licence, minimum spreads of 0.4 pips are possible.


Indices are also well represented in the Alvexo range. 8 indices from all over the world are tradable as CFDs, in addition to the expected DJI, S&P500, NASDAQ, FTSE, DAX, NIKKEI, HANGSENG and CAC, for example, there are also more exotic indices such as AEX, ASPX SPI 200 or IBEX.

The size of the spreads again depends on the respective account plan, but all private investors can trade with a 1:20 leverage for the large indices and 1:10 leverage for smaller indices.


With 12 commodity CFDs, the Alvexo offer is relatively scarce, yet the most important commodities are represented. All types of commodities - i.e. energies, metals and food - can be found, such as crude oil, natural gas, gold, silver, copper, platinum, aluminium, coffee, cocoa and corn.

The leverage is 1:20 or 1:10 leverage, depending on the investment instruments. The amount of the spreads varies with the respective user account, but is below the industry average in the general broker comparison, as our Alvexo test shows.


A particularly practical feature is that all shares are displayed with an impressive overview on their own subpage. Users can first view the trading chart, below which all information on the trading instrument is displayed, the market sentiment of Alvexo traders and the price ranges in which the price has moved in recent weeks and months.

Important: Shares can only be traded from the Prime account plan with a minimum deposit of ‚ā¨50,000, Classic and Gold customers cannot use share trading at Alvexo!

Most shares are tradable with a 1:10 leverage, less liquid with a 1:5 leverage.


A total of 15 crypto CFDs can be found in the Alvexo offer, whereby the well-known top coins such as Bitcoin, Ethereum, and Litecoin can be traded against several fiat currencies. Although most traders will find this useful, we would like to see the addition of several altcoins such as Ripple, Dash, Monero, Cardano, EOS or Tron.

Available at favourable spreads for each account type, crypto trades can be traded with a 1:2 leverage.

Alvexo registration in 3 steps

Opening an Alvexo account is very easy and can be completed in less than 5 minutes. Our step-by-step guide shows you how.

Step 1: RegistrationAlvexo form

On the Alvexo homepage, click on the "Register" button to go to the registration form. Simply enter your first and last name, email address and a secure password.

Then click on the checkbox to activate the tick and agree to the DSGVO-compliant privacy policy. Click on the "Next" button to submit your data to register your Alvexo account.

Step 2: Verification

According to EU regulations, every user must verify their account with a broker, whereby proof of identity and address must be provided. This means that you have to prove your name and address by uploading certain documents.

For the proof of identity, you will upload a colour scan of your passport or identity card. For proof of address, you will be required to upload a recent electricity or gas bill that clearly states your residential address.

Alvexo customer service will check your details within a few hours and verify your account so that you can trade without restrictions from now on.

Step 3: Deposit and purchase

Alvexo deposit methodsThe next step is to deposit funds into your trading account at Alvexo. You can choose from several deposit methods, such as credit card, bank transfer, PayPal, Neteller or Skrill.

No matter which deposit method you choose, no deposit fees are charged. However, most traders choose credit card or PayPal because the money is credited immediately and is available for trading.

On Alvexo's online trading platform, one can then simply buy the desired investments, taking into account the respective account type. The search field in the top left-hand corner can be used to search for investments. The price chart is displayed at the bottom, and the "Buy" button opens the buy menu for the trade.

The "Open positions" tab in the left navigation bar provides an overview of all trading positions, which can be edited or closed.

Alvexo account types

There are various Alvexo account types that cater to the individual needs of trading beginners to professional traders. The account types differ in terms of minimum deposit, available asset classes, amount of spreads, variety of functions and individual support by expert traders.


With a minimum size of EUR 500, the Classic account allows access to all asset classes except equities and bonds, minimum spreads start at 2.9 pips. Investors can trade with up to 1:30 leverage - depending on the asset value - and the stop-out level for trades is 50%. Trades can be made from as little as one micro lot - i.e. 0.01 lot.

Also included is a free coaching call with an expert trader from Alvexo every month.


The Gold account plan requires a minimum account size of EUR 10,000, discounted minimum spreads from 2.2 pips are possible. The stop-out level is 15%, the minimum trade size is raised to 0.05 lot.

Gold traders can also trade stocks and bonds.

There are 2 free coaching calls with an Alvexo expert trader every month, trading with MetaTrader 4 is possible.


The Prime account plan with a minimum size of EUR 50,000 starts with spreads from 1.8 pips and offers investors access to the entire trading spectrum including equities and bonds. The stop-out level is 15%, the minimum trade size is 0.1 lot.

A practical feature is the possibility to take advantage of 4 free coaching calls with expert traders from Alvexo every month. The Alvexo Plus service can be used permanently.

Gold ECN

With the Gold ECN - Electronic Communication Network - account, Alvexo clients were able to trade directly with other participants - without intermediation - on the foreign exchange and equity markets. However, the Gold ECN plan has since been discontinued.

Its minimum size was 20,000 EUR, stop-out level 15%, up to 6 free monthly coaching sessions with expert traders and free trading alerts. However, the account plan has been replaced by the "Black" account type, which offers similar settings - but NO ECN functionality.


The ECN VIP account plan was the flagship and premium product among all Alvexo account types, but is no longer available.

The alternative is the Alvexo Black account plan, which offers spreads starting at 0.1 pips and stop-out levels of 15%, with a minimum of 0.25 lots per trade.

Alvexo platforms

Trading at Alvexo is possible with the MetaTrader 4 trading software, the Webtrader in the browser or the mobile trading app for iOS/Android.

MetaTrader 4

MetaQuote MetaTrader 4 is known worldwide as the most popular trading software ever. Installed as desktop software, traders can use a powerful feature set of over 50 chart types, over 30 indicators and feature-rich charting tools for technical analysis of price charts.

In addition, the Expert Advisors function can also be used to install free or paid plug-ins and trading bots for automated trading. As an Alvexo customer, the use of MetaTrader 4 is possible for trading with all asset classes.


The Alvexo Webtrader for all common browsers is a solid and user-friendly trading interface that offers access to extensive analysis tools. Price charts can be displayed in different chart types and analysed and saved with over 15 indicators or by drawing functions.

Trading app

Alvexo App

For mobile trading, the broker provides the Alvexo trading app for iOS/Android. This also enables the functions of trading charts, trading tools, technical analysis tools and opening and managing trades from anywhere.

Online CFD trading with Alvexo is extremely popular thanks to the user-friendly app. The Alvexo app for iOS has 68 reviews with 4.4 out of 5 stars, in the Android Store there are 214 reviews with 4.3 out of 5 stars.

Alvexo fees and costs

Generally, Alvexo fees and charges are based on the account plan chosen. The higher the minimum account size, the more Alvexo spreads are reduced, other fees and costs are uniform for all account plans.

In the following, we will take a concrete purchase example to show the Alvexo fees and compare them with those of the cheaper test winner eToro:

We invest EUR 1,000 in Bitcoin.
We hold the investment for 30 days and then sell.
Bitcoin price changes are hidden for the sake of simplicity.





for free

for free

Purchase fees


‚ā¨ 90.26

Holding fees

for free

for free

Sales charges


‚ā¨ 90.26



for free

Total fees

‚ā¨ 42.20

‚ā¨ 180.52

Alvexo does not charge a deposit fee for the deposit, all of the above mentioned deposit methods can be used. Due to EU AML/KYC regulations, a withdrawal can only be made via the deposit method used.

To request a withdrawal, investors must complete a withdrawal request form. The processing of the withdrawal may take 2-3 business days. No withdrawal fees are charged.

Alvexo Minimum Deposit

The minimum deposit at Alvexo is set at 250 EUR. However, it should be noted that only the Classic account plan can be used and that 500 EUR must be deposited for the first time in order to reach the minimum account amount of 500 EUR.

Alvexo experience

The variety of supported Alvexo payment methods makes depositing quite easy. Thus, the broker supports all of the following methods for depositing:

Credit card
Bank transfer

Alvexo experience

Alvexo Security and Regulations

Alvexo is a globally active online broker that holds multiple regulations and licenses from recognised financial regulators, demonstrating a reputable and compliant operation of its trading platform for users around the world.

Alvexo (Europe), is operated by VPR Safe Financial Group Limited and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Alvexo's global operations are operated by HSN Capital Group Limited and regulated by the Financial Services Authority of Seychelles (FSA).
Both jurisdictions offer negative balance protection, but leverage ratios and deposit protection programmes vary. Within the EU, CySec regulation and Investor Compensation Fund (ICF) membership provides statutory deposit protection up to EUR 20,000.

Is it an Alvexo scam?

Whether Alvexo is a scam or reputable - to our surprise, this question comes up again and again on the internet. Of course, a careful Alvexo test is recommended in order to adequately verify the seriousness of the broker.

The fact that the broker is regulated and licensed by CySec (licence number 236/14) alone shows that Alvexo is reputable. This is considered reliable proof of compliance with strict EU regulations on investor protection and also includes a statutory deposit guarantee of up to EUR 20,000, as provided by the Investor Compensation Fund (ICF) in Cyprus.

Cancel Alvexo
How to cancel the Alvexo account is a question some dissatisfied Alvexo users ask themselves. Ultimately, it is quite easy to delete the Alvexo user account. To do this, simply log in to the member area of the platform and select the corresponding option in the user settings.

After stating the reason for termination, the deletion request can be submitted and the user account and all data will be deleted within a very short time. You can therefore terminate your Alvexo account within less than 10 minutes - provided that all deposits have been paid out again.

Alvexo testimonials from customers

In order to compile our Alvexo review, we looked for the Alvexo experiences of existing users on the Internet. Overall, most of the Alvexo testimonials are very positive, with satisfied users emphasising in particular the rapid execution of trades, good customer service and the extensive trading range in several asset classes.

This is also confirmed by the results on the comparison portal Trustpilot, where Alvexo received 3.9 out of 5 stars with a "great" rating after 373 reviews. In general, 77% of all users have rated the broker with 5 stars and Excellent.

Alvexo testimonials

Alvexo advantages and disadvantages

Our Alvexo test shows that there are many advantages to the broker, but the disadvantages are relatively few.

In general, the Alvexo range of products should be highlighted, which currently consists of more than 500 trading instruments in the asset classes equities, foreign exchange, indices, cryptocurrencies and commodities. In addition, the range is constantly being expanded to include new instruments, especially new cryptocurrencies or cannabis stocks.

There are various Alvexo account plans - Classic, Gold, Prime and Black - which are tailored to either trading beginners or professional traders with individual functions, spreads, stop-out levels and leverage. For higher trading volumes and more trading activity, you are rewarded with lower spreads and more expert coaching.

It is also practical that trading with micro lots is supported, so that smaller trade sizes can also be traded. Professional traders in particular appreciate that Alvexo, as a MetaTrader broker, supports the MetaTrader 4 trading software. Mobile trading can also be used thanks to the Alvexo app for iOS/Android.

It is important that the Alvexo fees and spreads are extremely low and score particularly well in the broker comparison. Classic traders can already trade with spreads from 2.9 pips, Gold traders from 2.2 pips and further discounts are possible for Prime customers. In addition, commissions, deposit or withdrawal fees are waived completely.

The fact that Alvexo operates seriously as a company is proven by the strict CySec regulation of the Cypriot financial supervisory authority, which annually checks compliance with all EU directives and regulations and regulates the broker under licence number 236/14.

For all crypto traders, it should unfortunately be noted that we would still like to see a somewhat larger range of crypto CFDs; however, those who want to trade with the leading top coins will get their money's worth here.


  • Large trading range with over 500 trading instruments
  • 4 account plans for beginners and professional traders
  • Micro-lot trading supported
  • MetaTrader 4 support
  • Mobile trading with smartphone app for iOS/Android
  • Favourable spreads and commission-free trading
  • Regulated broker with CySec licence


  • Customer service only available Mon-Fri
  • Selection of crypto CFDs could be larger

Conclusion of our Alvexo experience

Our Alvexo test shows that Alvexo is a reputable online broker with an extensive range of CFDs on shares, forex, indices, cryptocurrencies and commodities. Above all, the fair cost and fee structure with favourable spreads, excellent customer service, MetaTrader 4 support and mobile trading are to be pointed out.

Although the range of cryptocurrencies could still be expanded - and probably will be soon - overall the online broker performs very well and also ensures the safety of investor funds through CySec regulation and legal deposit protection up to 20,000 EUR.



What is Alvexo?

Alvexo is a regulated online broker and trading brand of VPR Safe Financial Group Limited, a Cypriot investment company. Regulated under licence number 236/14, users are offered CFDs on stocks, forex, indices, commodities and cryptocurrencies. There is legal deposit protection up to EUR 20,000.

Is Alvexo reputable or a scam?

The fact that Alvexo is reputable is proven above all by its regulation by CySEC within the EU and globally by the Financial Conduct Authority (FCA) of the Seychelles. All EU directives on investor protection and client money protection are strictly implemented and audited annually.

How much are Alvexo fees?

Alvexo fees are transparent and clearly set out in the Schedule of Prices and Services. Alvexo fees consist primarily of low spreads - surcharges on buy and sell prices - while commissions and transaction fees are waived. There is no deposit fee, withdrawal fee or custody fee.

What trading instruments does Alvexo offer?

The Alvexo range includes around 500 CFDs on shares, foreign exchange, indices, cryptocurrencies and commodities. The list of almost 300 shares as well as 62 forex pairs, which can be traded at low spreads, is particularly extensive. However, stock trading is not available for the Classic or Gold account plans.

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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