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What is known about the Alvexo trading platform - reviews of the broker and an overview of trading conditions
Broker Alvexo was founded in 2014 and is owned by VPR Safe Financial Group Ltd. Several platforms are available to clients for trading. The minimum deposit is only $10, but this amount will not open up all the possibilities of the site. To unlock all features, you need to purchase one of the account types. Starting price – $500.
The trading conditions are described on the site and the commission amounts are indicated. There are many popular methods available to fund your trading account. There are more than 170,000 active traders registered on this platform. The company regularly conducts webinars for users and has a financial Internet channel. On the website, clients have access to an online margin and profit calculator, trading signals, and an economic calendar.
The license number and regulator are indicated in the footer of the site. The company is registered in the Seychelles, which is an offshore zone. The address HIS Building, Office 5, Providence, Mahe, Seychelles is indeed listed for this company. The contact phone number +357-24030119 is valid, as is the email address – [email protected].
|Year of foundation
|Regulation and jurisdiction
Alvexo is an international broker operating since 2014. The trading platform offers a large selection of trading instruments and instant order execution. Clients have access to educational materials, trading signals, a calculator, and an economic calendar.
HIS Building, Office 5, Providence, Mahe, Seychelles
- Popular trading terminals available
- There is a mobile version of the platform
- Training materials available
- Terminal manipulation
- Refusal to withdraw profit and withdraw deposit
- Lack of PAMM accounts
МТ4, МТ5, R WebTrader, R StocksTrader, R MobileTrader
|Types of accounts
Classic, Gold, Prime, Elite
Stocks, indices, cryptocurrency, currency pairs, commodities, bonds
Trading conditions and platform tools
The Alvexo trading platform provides traders with access to more than 450 different trading instruments. Among them are cryptocurrency, stocks, bonds, and commodities. Clients are offered to choose one of four trading accounts.
Types of accounts on the site:
- Classic – deposit $500, leverage 1:100;
- Gold – deposit $10,000, leverage 1:200;
- Prime – deposit $50,000, leverage 1:300;
- Elite – individual offer, leverage 1:400.
Users may not buy a trading account, but start with a minimum deposit amount of $10. But in this case, only a limited number of tools will be available to them. Users can contact technical support at any time, which works 24/7.
Forex broker Alvexo The company often holds promotions and gives clients replenishment bonuses that need to be worked off, which is quite difficult to do. Every year the company holds live seminars for its clients.
How scammers scam users – exposure
At first glance, everything with the Alvexo official website looks smooth. The resource is of high quality, legal documentation is present, but there is also some negativity. Many clients complain about trading accounts being reset and deposits being drained if they traded with a mentor. And these are signs of a brokerage kitchen. Not all companies that act dishonestly operate without documents. This broker is an example of a platform that has set a course for many years of work. Such sites scam clients, but not as clearly as fly-by-night resources. A trader can trade for several months and be satisfied with the cooperation, but this is only for a certain time.
After registering and choosing an account type, you need to decide on a trading terminal. Often, during the closing of transactions, their price changes, and this leads to a loss. This is another way this company resorts to deceive investors.
The office helps beginners trade by assigning mentors to them. But even here, not everything is so simple. Mentors persuade people to deposit more money, and then advise them to open obviously negative trades, thus draining the user’s deposit. But here it should be added that, unlike cheap scams, the company’s employees do not harass customers with constant calls.
In general, there is a positive opinion about the site. It has a high-quality design, a well-developed text part, a lot of useful training materials and high-quality support for several languages. It is immediately clear that the creators of the resource had plans for many years of work, and for this they need to invest financially. But there is also a negative. If you read multiple reviews of Alvexo, which have been collected over several years of work, you can see very different assessments of the broker’s activities. Some clients mention fraud on the part of the company, and against the backdrop of an offshore license, these accusations look plausible. There is information about manipulations with quotes and refusals to withdraw money. Before starting cooperation, you need to weigh all the facts, but it is best to look for a broker registered in a non-offshore zone.
Alvexo – investor reviews
You shouldn’t expect absolute honesty from offshore brokers, so you shouldn’t rush to open a personal account on Alvexo. In offshore companies, the law always remains on the side of the companies, and clients cannot obtain justice if they were deceived by the broker.
There are many reviews about the company, and several of them will be presented below. A user under the nickname Dragon says that the broker helped him part with $4,000. He traded on the advice of his mentor. Moreover, his mentor convinced him to take out a loan. Precious metals and raw materials were chosen as trading instruments. Things were going well. Then one day the trader saw that his account was empty, and the company employees stopped contacting him. He does not recommend contacting this company.
Another investor says that he cannot open transactions on the resource. He is constantly shown a message that trading is prohibited. And he was unable to close those transactions that were opened earlier. He also cannot withdraw money. The user contacted technical support, but they did not answer him.
Ilsaf says that when trading on a demo account, managers try to persuade the trader to open a real account. And then they do everything to make the trader lose money. Managers persuade clients to open a trading account with a large amount at once, especially after a drain. This will supposedly help recoup previously lost money.
Such comments about the broker are not uncommon, and they indicate systematic fraudulent activities on the part of the company. Contacting the regulator will not help here. But a refund is possible after launching the chargeback procedure.
A detailed review of Alvexo revealed irregularities in the trading platform’s activities that pose risks to clients’ capital. The office writes off, drains money, and also refuses to return deposits.
Cooperation with a broker registered offshore carries great risks. Whether to trade on such a site or not is the client’s decision. If he loses money, it will be difficult for him to return it.
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Alvexo are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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