afx group
Alvexo
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Overview
afx group was founded in 2013 and is headquartered in Geneva, while Alvexo was established in 2014 and is based in Cyprus. afx group holds licences including Financial Conduct Authority (FCA), while Alvexo is regulated by Australian Securities and Investment Commission (ASIC) among others. afx group serves 14,000,000+ clients worldwide; Alvexo has 10,000+. The minimum deposit is $250 at afx group and $500 at Alvexo.
| Feature | afx group | Alvexo |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220 | Australian Securities and Investment Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities, Financial Services Authority of Seychelles with License Number SD030 |
| Founded | 2013 | 2014 |
| Country | Geneva | Cyprus |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between afx group and Alvexo, directly affecting your bottom line as a trader. afx group has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Alvexo). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | afx group | Alvexo |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
afx group offers MT4, MT5, cTrader, while Alvexo supports MT4, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. afx group edges ahead on platform breadth and functionality in our scoring.
| Feature | afx group | Alvexo |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | No |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, cTrader, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how afx group and Alvexo compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Alvexo scores higher overall in education and research.
| Feature | afx group | Alvexo |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. afx group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Alvexo supports 4 (bank transfer, credit/debit card, PayPal, Skrill). afx group uniquely supports Neteller among the two brokers. afx group scores higher on deposit and withdrawal flexibility.
| Feature | afx group | Alvexo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both afx group and Alvexo offer live chat support. Both provide phone support. Email support is available at both brokers. afx group supports 8 languages and Alvexo supports 2, giving afx group broader global reach. Both brokers are comparable on support quality.
| Feature | afx group | Alvexo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |