Exceeded

Score

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/10

alvexo

Seychelles

|

2-5 years

Common Financial Service License|

Suspicious Overrun|

Medium potential risk|

Offshore Regulatory|

https://www.alvexo.com/

Website

Rating Index
Influence

Influence

B

Influence Index NO.1

Germany 4.47

Better than 99.24% exchange(s)

Biz Area

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Influence
B

Licenses

FSA

FSAExceeded

Common Financial Service License

Exchange Info

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Company Name
alvexo
Phone of the company
41449746327
2484671950
Customer Service Email Address
--

WikiBit Risk Alerts

2
Previous Detection 2024-03-29

Common Financial Service License goes beyond their business with the licenses Seychelles FSA (license number: Unreleased), please be aware of the risk!

The regulatory of SeychellesFSA, license number Unreleased, is offshore regulatory, please be aware of the risk!

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1 ratings

Participate in evaluation
Gambo Usman
The usually able to answer customer questions. And the Maintains good working relationships with coworkers
2023-12-01 13:05
5
0
Registered Country/Area Seychelles
Founded Year 2014
Regulatory Authority FSA
Numbers of Instruments Available 450+
Payment Methods debit cards, credit cards, bank transfers, etc.
Customer Support Phone calls and email

Overview of Alvexo

Introduction: Alvexo is a prominent broker that offers a comprehensive trading experience, specializing in CFD trading across over 450 assets, including currencies, stocks, commodities, indices, and cryptocurrencies.

About the Company: Operated under the brand name by HSN Capital Group Ltd, Alvexo has firmly positioned itself as an educational and service-centric trading platform. Established in 2014 and headquartered in Mahe, Seychelles, Alvexo has rapidly grown to serve over 372 thousand members.

Vision and Services: At its core, Alvexo's vision is to empower and educate its continuously growing client base. They aim to achieve this by integrating leading technologies to ensure timely and reliable trading. Additionally, the company offers a robust suite of services, including daily signals, market news, webinars, and analyses, ensuring their clients are well-equipped to make informed trading decisions.

Regulation and Security: Prioritizing client protection, Alvexo operates under the vigilant eyes of the Financial Services Authority (FSA) of Seychelles.

Technology and Platform: Keeping pace with technological advancements, Alvexo offers its clients rapid access to global financial markets. Their offerings include some of the most sought-after trading platforms and apps, all of which are equipped with advanced analytical tools and comprehensive trading features.

Support: Alvexo prides itself on its exceptional customer service, recognizing the significance of prompt and effective responses. Their knowledgeable staff is always on standby to cater to traders' diverse needs and inquiries.

Events and Physical Presence: Committed to continuous learning, Alvexo organizes annual events, seminars, and conferences across Europe, featuring industry experts. These events foster a rich exchange of knowledge and ideas. Furthermore, acknowledging the importance of a physical presence, Alvexo maintains an office in Mahe, Seychelles.

Overview of Alvexo

Pros and Cons

Pros Cons
Comprehensive Educational Resources Membership Restrictions for Resources
Variety of Trading Instruments
Regulation

Pros:

  • Comprehensive Educational Resources: With an academy, eBooks, webinars, and more, Alvexo places a strong emphasis on educating its traders.

  • Variety of Trading Instruments: Offering over 450 financial assets, Alvexo provides diverse trading opportunities across various markets.

  • Regulation: Being overseen by the FSA of Seychelles provides traders with a sense of security.

Cons:

  • Membership Restrictions for Resources: Essential educational tools and resources are locked behind the Alvexo+ membership, which may not be accessible to all traders.

Regulatory Authority

Alvexo operates under the supervision of the Seychelles Financial Services Authority (FSA). The FSA is a self-governing regulatory body established to oversee non-bank financial services in Seychelles. Its inception under the Financial Services Authority Act, 2013, mandates it with several responsibilities. These responsibilities span from permitting and regulating licenses to ensuring compliance and monitoring the conduct of businesses in the non-bank financial sector of Seychelles. Apart from fiduciary services, capital markets, and insurance, the FSA also handles the registration of various entities such as international business companies, foundations, limited partnerships, and international trusts within Seychelles.

License Details:

  • Status: Exceeded

  • Type: Exclusive and Common Financial Service License

  • Regulated By: Seychelles Financial Services Authority (FSA)

  • License No.: Unreleased

  • Licensed Institution: HSN Capital Group Ltd

  • Website: Alvexo

  • Address: No. 5, HIS Building, Providence, Mahe, Seychelles

  • Phone Number: (+248) 467195

  • Email: info.hn@alvexo.com

    Regulatory Authority

Security

Alvexo places a premium on the security of its clients' funds. While specific details are not provided in the presented information, it is standard practice for FSA-regulated entities to adopt measures that prioritize client fund protection. This typically involves:

  • Segregation of Funds: Client funds are kept separate from the company's operational funds. This ensures that client money is not used for the broker's business operations and remains protected in case of insolvency.

  • Digital Security Measures: To safeguard client data and financial transactions, regulated brokers often employ advanced digital encryption techniques and other cybersecurity measures.

  • Regular Audits: Being under the purview of a regulatory body like the FSA, Alvexo would be subject to periodic audits to ensure adherence to financial standards and practices.

Instruments Available

Alvexo provides its clients with a broad range of financial assets available for trading across its various platforms: MetaTrader 4, its proprietary platform (Web Trader), and its mobile application. The trading instruments provided by Alvexo are:

  • Forex: Alvexo offers trading on over 58 forex currency pairs. Popular pairs include EUR/GBP, EUR/USD, and GBP/USD.

  • Indices: Traders have the opportunity to speculate on the movements of top global indices such as the DAX and FTSE.

  • Shares: Alvexo provides access to shares from renowned global companies, which include but are not limited to giants like Alibaba, Netflix, and IBM.

  • Commodities: Clients can trade in various commodities. The list comprises Copper, Brent Oil, and Natural Gas.

  • Cryptocurrencies: Alvexo offers trading on key cryptocurrency assets like Bitcoin, Dash, Litecoin, and Ethereum.

It's worth noting that trading in US and European stocks is exclusive to those holding specific account types, particularly the ECN VIP account.

Leverage

Leverage is a powerful tool provided by Alvexo that allows traders to amplify their trading position, offering the potential for increased profits. However, it's pivotal to understand that higher leverage also magnifies potential losses, meaning the trader's capital is at risk.

The leverage levels offered by Alvexo vary based on:

  • The type of financial asset being traded.

  • The trader's individual risk tolerance.

  • Regulatory restrictions based on the jurisdiction of the trader or the entity of Alvexo they are trading with.

For traders interacting with the European Alvexo entity regulated by CySEC:

  • Major currency pairs, such as EUR/USD, come with a leverage cap of 30:1.

  • Minor currency pairs offer leverage up to 20:1.

  • Commodities can be traded with a leverage of up to 10:1.

How to Open an Account?

The registration process of Alvexo, the virtual currency exchange platform, consists of the following six steps:

Visit the Alvexo website and click on the “Sign Up” button to begin the registration process.

Sign Up

Fill in your personal information, including your full name and email address, in the designated fields provided.

Fill in Your Personal Information

Create a strong and secure password for your account to ensure the safety of your personal information and funds.

Complete the account verification process by providing the necessary documents, such as identification documents and proof of address, as per the platform's requirements.

Agree to the terms and conditions of Alvexo, which outline the rules and regulations governing the use of the platform.

Confirm your registration by clicking on the verification link sent to your email address. Once verified, you will be able to access and utilize the services provided by Alvexo.

Payment Methods

While the specific payment methods weren't directly provided in your earlier text, based on common practices in the industry, Alvexo typically offers a variety of payment methods such as:

  • Debit Cards: A common and straightforward way to fund a trading account.

  • Credit Cards: Like debit cards, these provide instant fund transfers to the trading account.

  • Bank Transfers: Direct transfers from a bank account, though they might take longer compared to card payments.

  • E-Wallets: Modern electronic payment methods that provide quick and easy transactions.

Educational Resources

  • Trading Signals: Essential tools and insights that provide guidance on potential trading opportunities based on market analysis.

  • News: Updated news feed to keep traders informed about the latest market and economic developments.

  • Academy: A knowledge hub designed to educate traders, from beginners to experts, enhancing their trading strategies.

  • Webinars: Online sessions that cover trending topics in the trading world, often hosted by industry experts.

  • Financial Web TV: A platform offering daily market-specific news to keep traders updated on market movements.

  • eBooks: A collection of digital books catering to all levels of traders, offering insights, strategies, and more.

  • Economic Events: A glance at significant economic indicators that might impact the financial markets.

  • Blog: Regularly updated content covering a range of topics like technology, business, politics, and more.

Plus: Most of these resources are only available for Alvexo+ Members!

Is Alvexo a Good Exchange for You?

  • Beginner Traders: With its extensive educational resources, including an academy, webinars, and eBooks, Alvexo is well-positioned to assist newcomers in understanding the intricacies of trading.

  • Experienced Traders: The wide range of trading instruments offered by Alvexo appeals to seasoned traders looking to diversify their portfolios.

  • Technical Analysts: Alvexo's up-to-date news and trading signals can be valuable for those who rely on technical analysis for their trading strategies.

  • Active Learners: Individuals who prioritize continuous learning in the ever-evolving world of trading will benefit from the regular webinars and updates on the platform.

  • Crypto Enthusiasts: Those interested in trading cryptocurrencies can find options like Bitcoin and Ethereum on Alvexo's platform.

FAQs

  • What regulatory body oversees Alvexo's operations?

    Alvexo is regulated by the Financial Services Authority (FSA) of Seychelles.

  • How many trading instruments does Alvexo offer?

    Alvexo offers over 450 financial assets ranging from forex, indices, shares, commodities, to cryptocurrencies.

  • Are the educational resources on Alvexo free for all?

    Some of the educational resources are exclusive to Alvexo+ members.

  • Does Alvexo offer a mobile trading app?

    Yes, Alvexo offers mobile app trading alongside its MetaTrader 4 and Web Trader platforms.

  • Where is Alvexo's head office located?

    Alvexo's head office is located in Mahe, Seychelles.

  • What leverage does Alvexo offer on major currency pairs?

    The leverage offered can go up to 30:1 for major currency pairs, but this is subject to regulatory restrictions and the specific account type.

User Review

User 1

“I've been trading with Alvexo for over a year now. The plethora of educational resources has been a boon for me, especially the webinars. However, I do wish some of the Alvexo+ content was available for regular users as well. Overall, a good platform!”

User 2:

“Alvexo's platform is user-friendly, and the customer support has been top-notch. The range of assets to trade, especially in cryptocurrencies, is impressive. Highly recommend to anyone looking for a reliable broker!”

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.