Alvexo
Forex.com
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Overview
Alvexo was founded in 2014 and is headquartered in Cyprus, while Forex.com was established in 2001 and is based in United States. Alvexo holds licences including Australian Securities and Investment Commission (ASIC), while Forex.com is regulated by Financial Conduct Authority (FCA) among others. Alvexo serves 10,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $500 at Alvexo and Typical at Forex.com.
| Feature | Alvexo | Forex.com |
|---|---|---|
| Min. Deposit | $500 | Typical |
| Regulation | 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 | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 2014 | 2001 |
| Country | Cyprus | United States |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Alvexo and Forex.com, directly affecting your bottom line as a trader. Alvexo has a lower barrier to entry with a minimum deposit of $500 (vs Typical at Forex.com). Forex.com charges withdrawal fees while Alvexo does not, giving Alvexo an edge for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; Alvexo does not. Forex.com charges deposit fees; Alvexo does not. Overall, Alvexo scores higher on fees in our assessment.
| Feature | Alvexo | Forex.com |
|---|---|---|
| Min. Deposit | $500 | Typical |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Alvexo offers MT4, cTrader, a proprietary platform, while Forex.com supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which Alvexo does not offer. Forex.com edges ahead on platform breadth and functionality in our scoring.
| Feature | Alvexo | Forex.com |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | No | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, cTrader, Mobile Apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alvexo and Forex.com 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 | Alvexo | Forex.com |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alvexo accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill), while Forex.com supports 3 (bank transfer, credit/debit card, PayPal). Alvexo uniquely supports Skrill among the two brokers. Alvexo scores higher on deposit and withdrawal flexibility.
| Feature | Alvexo | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alvexo and Forex.com offer live chat support. Both provide phone support. Email support is available at both brokers. Alvexo supports 2 languages and Forex.com supports 3, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Alvexo | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese, Arabic |