What Account Types and Fees Does Alvexo Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Classic Account |
Beginners |
Low minimum deposit, educational resources |
Ideal for small-capital practice, requires €500 to open |
| Gold Account |
Intermediate Traders |
Lower spreads compared to Classic, higher leverage |
Requires a minimum deposit of €10,000 |
| Prime Account |
Experienced Traders |
Competitive spreads, advanced trading features |
Minimum deposit of €50,000 |
| Elite Account |
Professional Traders |
Very low spreads, highest leverage |
Requires a minimum deposit of €100,000 |
Account Opening Process
To open an account with Alvexo, traders must follow a straightforward process. First, they will need to provide personal information, including name, address, and contact details. Next, employment details should be submitted, outlining the trader’s occupation and income source. Financial information, including trading experience and investment goals, must also be disclosed. Identity verification is essential, requiring submission of an ID and proof of address (such as a utility bill). Furthermore, Alvexo allows for flexibility, enabling traders to upgrade to a professional account as their trading experience and capital increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads for minor pairs |
| CFDs (Stocks) |
1.5 |
$0 |
Varied based on stock liquidity |
| CFDs (Indices) |
1.0 |
$0 |
Spread varies by index |
| CFDs (Commodities) |
2.0 |
$0 |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Alvexo applies several additional fees that traders should be aware of. Deposit and withdrawal fees may apply depending on the payment method chosen. Inactivity fees are charged if no trading activity occurs for a specified period. Platform usage fees are not applicable, making the trading experience more economical. Overnight interest, or swap rates, can apply depending on the positions held overnight. Additionally, currency conversion fees may be incurred for trades involving different currencies.
