Is Alvexo Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with Alvexo try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether Alvexo is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker Alvexo
Alvexo is a CFD broker that has been providing services since 2014. The company offers CFD trading on 6 asset classes, including currency pairs, stocks, bonds, commodities, indices, and cryptocurrencies.
The Alvexo brand is a trademark owned by HSN Capital Group Ltd, which is controlled and regulated as a securities dealer by the Seychelles Financial Services Authority (FSA), License number SD030 . In addition to the Seychelles office, the company also has a Cyprus division which is regulated by CySEC 236/14 and targets European clients.
| 💰 Account currency: | USD, EUR |
|---|---|
| 🚀 Minimum deposit: | From €500 |
| ⚖️ Leverage: | Up to 1:300 (on all accounts) |
| 💱 Spread: | Minimum spread for EUR/USD is 2.9 pips (for Classic) |
| 🔧 Instruments: | Currency pairs (60+), CFDs on stocks (350+), Indices (15), Commodities (12), Cryptocurrencies (13), Bonds |
| 💹 Margin Call / Stop Out: | 50%/15% |
Pros and cons of Alvexo
👍 Advantages of trading with Alvexo:
•A wide range of trading instruments.
•In addition to the popular MetaTrader 4 platform, the proprietarily developed Alvexo WebTrader is available to clients.
•Additional Alvexo Plus services are available, such as Trading Central trading signals, webinars, and TV news.
•A powerful training program that includes courses in its own Academy, webinars from professionals, and e-books.
•A wide range of methods to replenish and withdraw funds.
👎 Disadvantages of Alvexo:
•There are no PAMM or MAM accounts for passive investing.
•Very slow replies from the support team.
•Regulation from offshore jurisdictions.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is Alvexo Regulated? Broker’s license
Security (Protection for Investors)
Alvexo is regulated by the Seychelles Financial Services Authority, license number SD030. The cooperation of a separate Cypriot division with the regulation of the European jurisdiction CySEC increases the reliability of the company.
Alvexo ensures platform integrity and customer confidentiality through the use of modern security protocols. Transactions and trades are protected with 256-bit RapidSSL encryption, and the entire system is carefully protected by a security firewall. Transactions are handled by the highest PCI-certified service providers, and the servers are located in SAS-70 certified data centers.
👍 Advantages
- Client funds are separated from Alvexo's capital and held in segregated bank accounts
- Negative balance protection is active
- Sufficient choice of electronic payment systems for making deposits and withdrawals
👎 Disadvantages
- The broker does not provide transparent information about commissions for deposits and withdrawals
- Regulation is from an offshore jurisdiction
- There is no possibility to set up two-factor authentication
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by Alvexo, which you can see below.
Experts at the Traders Union have analyzed the trading and non-trading fees of the Alvexo broker. There is no trading commission for any broker accounts, service fees are included in the spread. Commissions for depositing and withdrawing funds must be examined in support since the broker does not publish this data publicly on the site. The account inactivity fee is €10 (or dollars) per month after three months of no trading or transactions.
| Account type | Spread (minimum value) | Withdrawal commission |
| Classic | $29 | Depends on the method |
| Gold | $22 | Depends on the method |
| Prime | $18 | Depends on the method |
| Elite | $1 | Depends on the method |
Brokers that are similar to Alvexo
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of Alvexo conditions with its closest competitors.
Comparison of Alvexo with other Brokers
| Alvexo | RoboForex | Pocket Option | Exness | Eightcap | Tickmill | |
|---|---|---|---|---|---|---|
Trading platform |
Alvexo WebTrader, MT4 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
MT4, MT5, Tickmill Mobile App |
Min deposit |
$500 |
$10 |
$5 |
$10 |
$100 |
$100 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:30 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Yes |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 2.9 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
$30 |
Cent accounts |
No |
Yes |
No |
No |
No |
No |
Alvexo is a broker that is available for self-training and self-trading.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
Eightcap has favorable working conditions due to a large choice of instruments, tight spreads, high leverage, and no withdrawal fees. Integration with popular trading platforms and basic deposit/withdrawal options greatly facilitates work with the broker and reduces the entry threshold. In addition to comfortable conditions and low financial costs, traders get free educational materials and special services for technical analysis. Some solutions, like Capitalise.ai, have no constructive counterparts. A relative disadvantage is the absence of opportunities for passive income. Also, the broker works only with CFDs, so other groups of trading instruments are not available.
Tickmill is a suitable broker for both professional traders and novices. The company is good for robotic trading as well as for short-term strategies.
Conclusions
Alvexo cannot be considered absolutely reliable. The broker operates on a license of an offshore regulator. This creates certain risks regarding security of your funds. The broker has a good reputation. However, you can work with companies with an offshore regulation only at your own risk.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.