Confused About Alvexo? Read Honest Alvexo Reviews!

Confused About Alvexo? Read Honest Alvexo Reviews!

The urge of technologically advanced brokering has given rise to many upgraded broker’s platforms. Alvexo is one such trading platform which has been made by fintech and market professionals. Alvexo from the year of its establishment, 2014, has touched the zenith of success in broking with its latest and efficient technology. This review might lead to new regulations focusing on disclosure and transparency. It could also impact exchanges, ETF providers, designated brokers and market makers.

  1. We think has a large range of products, particularly the broker’s 2200+ stock CFDs and 80+ forex pairs.
  2. AvaTrade for example, operates in Canada in collaboration with a division of Friedberg Mercantile Group Ltd, which is regulated by IIROC.
  3. Ultimately, the best choice depends on individual preferences, trading strategies, and specific needs.
  4. However, it might be that you live in Canada but are not a Canadian resident or citizen, if this is the case, you can use a broker outside Canada.
  5. provides advanced trading platforms, such as MetaTrader 4 and its proprietary platform, Advanced Trading Platform.
  6. If you trade at least US$50 million in a calendar month, you can receive rebates of 5% to 15% in cash rebates at the start of the following month.

Again, when compared with the US as well as some other countries, where it is illegal for a trader to send funds internationally, this works in the traders favour. In addition, due to national security, traders are bound to strict regulations when sending payments internationally; this can make it difficult for traders in the US to move funds. Legally, Forex Brokers can enlist investors in Canada without requiring a regulatory licence from that country.


Alvexo accepts funds in USD and Euro only with a minimum deposit amount of $500. However, you can deposit other currencies as well, but you will be charged for the conversion of any other currency to Euro or USD. Alvexo helps traders to trade across 3 different platforms including WebTrader, MT4 platform, and mobile platform.

We found that TMGM provided the advertised 0.0 pips minimum spread on the EURUSD 97.53% of the time. This means you can benefit from their low commissions and low spreads consistently on the MetaTrader 4 platform. Most forex brokers in Canada offer a free demo account that allows you to test out the broker’s platforms and assets in a simulated environment. This provides a risk-free way to refine strategies and to check whether the FX broker is right for you before committing to opening a live account. On the other hand, some forex brokers in Canada may require a high deposit amount in the region of $1000 to open an account, though they often provide tighter spreads and additional features. FX trades can be executed through desktop software, web-based terminals, and beginner-friendly mobile apps.

OANDA averaged 0.7 pips against the industry average of 1.52 pips for the top 5 most traded currency pairs. The best forex trading app available to forex traders in Canada is CMC Markets’ mobile app. Featuring a clean, intuitive design, CMC Markets’ mobile app delivers powerful charts, multiple research tools, integrated educational content, and much more. Our researchers have rated CMC Markets’ mobile forex trading app highly in our full-length review of CMC Markets. From the Alvexo reviews & client feedback, it has been found that, at present, Alvexo, the venture of VPR safe financial group, does not offer any bonus to its traders and brokers. One of the major reasons for not offering the bonus is the fact that the regulating authorities, like Cyprus securities and exchange commission, have prohibited such kind of bonus from trading channels.

Alvexo Review

Lastly, Mobile App allows trading at any time with ease and convenience with all symbols and functions through full modification features covering your trading needs by any mean. The world’s popular and powerful MT4 remaining at your pocket as well, which employs the major indicators with instant response to trading alerts and signals on chart-based trading with multiple order execution. Yes, Alvexo is a regulated CySEC broker registered under the VPR Safe Financial Group Ltd’s name, so European clients are fully secured and covered by the broker.

With that in mind, forex traders should pay particular attention to the price of crude oil and gold, which directly impact the value of the CAD. For example, Autorite des Noves financiers (AMF) supervises the Quebec financial sector activity and, under its provisions, regulated brokers need to provide further protection to Quebec residents. Also, among the financial institutions in Canada, the Alberta Securities Commission (ASC) has the tightest regulations. AvaTrade’s large choice of trading platforms makes it easy to benefit from more ways to trade. As well as both MetaTrader platforms, we like AvaTrade’s range of copy trading and social trading platforms, which include its own AvaSocial as well as the popular ZuluTrade and DupliTrade. IB’s Tiered Pricing plan features low commissions, which diminish based on trade volume.

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Equity ETFs pulled in $13 billion for the year, where Canada, developed markets, emerging markets and global equities enjoyed steady year-long inflows. Equity ETFs pulled in only $641 million in 2023 – the smallest annual figure in the past decade. Yes, as a forex trader residing in Canada (or Canadian citizen abroad) you’ll be obligated to report your earnings in Canada and pay capital gains taxes on your profits, which must be listed on your tax return.

Why We Chose Interactive Brokers

TD Ameritrade’s platform, thinkorswim, comes with both a desktop and a web-based version. Although the desktop platform is exceedingly customizable and powerful, with almost 350 technical indicators, it is also hard to navigate for beginners. Thankfully, the web-based platform is much lighter and places a greater emphasis on usability. Founded in 1978, this brokerage has licenses in 6 tier-one jurisdictions, and currently has over $170 billion in customer equity. But arguably the greatest place to test your learning is on a demo account.

Eightcap International features MT4, MT5, Capitalise AI, Crypto Crusher, and TradingView. Algorithmic traders can qualify for free VPS hosting, and beginners get quality research and education, making Eightcap an excellent choice for Canadian-resident Forex traders. We are not actualy sure what policy IIROC have when it comes to Crypto CFDs, What we can tell you is that no CFD brokers offer Crypto trading with CFDs. Client accounts, that are held at CIRO-regulated investment intermediaries, are also safeguarded by the Canadian Investor Protection Fund (CIPF) within particular limits. Canada-based traders can have their orders executed at the best possible price via IB’s SmartRouting engine.

Our editorial content is independent and unbiased; here’s how we make money. Friedberg Direct, via AvaTrade, offers a good range of 37 FX and 42 FX options trading products. Fusion Markets offers superior 90+ Forex pairs, the most of any broker, along with a limited array of additional trading products.

However, there are many negative reviews from the traders available, so we advise to do your own research before signing in with Broker or deciding weather it is suitable for you or not. Alvexo has a stop out option which could be exercised at a 50% equity – margin ratio, which is available for classic accounts. Overall with all the techniques and features present, we can conclude that Alvexo is a decent brokering platform that could be better if its features are upgraded.

This could happen in rare cases where the market is volatile and particularly if you are new to trading. So, even though it is not mandatory in Canada, it makes sense for you to find and choose a broker that offers this protection for your own benefit. This is another great layer of protection after the investor compensation fund is already available with most Canadian brokers. Below is canadian forex review our curated list and review of the best forex brokers for traders living in Canada, with details and information about the country laws, the features, and the characteristics. Although Canadian citizens can choose to trade with any forex broker across the globe, there are distinct advantages to trading with forex brokers in Canada, including world renowned security of client funds.

This means you can use the platform for automation, scalping, hedging and integrating with other 3rd party products. You have the Classic account (more commonly known as a standard account), in which you only pay a spread, which starts from one pip on the EUR/USD. The regulatory status of a broker should be disclosed at the bottom of the website. Additionally, you can find a full list of regulated forex brokers in Canada on the IIROC website.

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