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Alvexo Fees and Spreads

Alvexo Fees and Spreads

 

Overall Rating

4.6/5

Rated #218 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

ASIC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Alvexo spreads start from 2 pips, Alvexo runs a volume-based commission system on three of the five account types on offer. The ‘Classic’ account option adopts a ‘zero commission’ approach although this account does come with wider spreads.

Alvexo provides no information regarding deposit fees and withdrawal fees on their website which is quite unusual.

The inactivity fee for Alvexo is 10 base currency units which is applicable after 3 months of inactivity.

Finding a reputable list about Alvexo Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

Alvexo’s spreads start from 0.2 pips on EUR/USD on the ECN accounts.

The company provides variable spreads with all costs built-in using STP connectivity. The ECN Accounts features raw spreads that start from 0 pips, with an added commission per trade.

Alvexo offers five trading accounts, namely Classic, Gold, Prime, ECN Gold, and ECN VIP. Classic, Gold, and Prime accounts offer Fixed Spread. ECN accounts use average spreads and may change throughout the day.

The spread list and fee schedule which is offered by Alvexo is transparent as well as competitive. Fees spreads, and commissions that traders can expect when trading with Alvexo can be viewed in detail on the website.

The spread, leverage, minimum deal size, and tradeable assets are specific to the account held:

  • A Classic account offers spreads from 3.3 pips, leverage up to 1:30, and a minimum deal size of 0.01 lots.
  • An ECN VIP account offers spreads starting from zero pips, leverage up to 1:300 (professional clients only), a minimum deal size of 0.25 lots, and a broader range of tradeable assets, including European and US stocks

 

Alvexo charges commission on a volume-based structure for three of its five accounts, while the Classic account is commission-free, though it does include wider spreads.

 

Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.

Swap rates on overnight positions apply, but no mention of swap fees and what it entails could be found on the Alvexo website.

Short and long positions which are held overnight are usually credited with swaps. These are calculated based on the one-month interbank rate minus a certain percentage.

There is a lack of transparency to critical charges. Alvexo does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.6/5

Rated #218 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

ASIC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Alvexo provides no information regarding deposit fees and withdrawal fees on their website which is quite unusual.

 

Pros and Cons

✔️ PROS ❌ CONS
Provides variable and raw spreads on its account types Spreads are not the tightest
Competitive trading conditions Deposit fees and withdrawal fees not mentioned
No Islamic Swap-free account
Charges commission

 

You might also like: Alvexo Minimum Deposit

You might also like: Alvexo Demo Account

You might also like: Alvexo Sign up Bonus

You might also like: Alvexo Account types

 

FAQ’s

 

How many instruments can I trade with Alvexo?

Clients have access to over 450 real-time assets, including:

  • Forex
  • Indices
  • Commodities
  • Shares
  • Cryptocurrencies

 

Which platforms are supported by Alvexo?

MetaTrader4, WebTrader and Trading App.

 

Does Alvexo offer leverage?

Yes. Alvexo offers maximum leverage of 1:30 for major currencies, 1:20 for minor currencies and 1:10 for commodities. However, residents of Seychelles may receive leverage of up to 1:400 for major currency pairs.

 

What spreads can I expect with Alvexo?

You can expect variable spreads which all costs built-in using STP connectivity.

 

Does Alvexo charge commission?

Yes. Alvexo runs a volume-based commission system on three of the five account types on offer. The ‘Classic’ account option adopts a ‘zero commission’ approach although this account does come with wider spreads.

 

Is Alvexo regulated?

Yes. Alvexo is regulated by CySEC.

 

Is Alvexo a recommended forex trading broker for experts and beginners?

Yes. Alvexo focuses on beginners and advanced traders.

 

What is the overall rating out of 10 for Alvexo?

6/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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