Alvexo
Plus500
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Overview
Alvexo was founded in 2014 and is headquartered in Cyprus, while Plus500 was established in 2008 and is based in Israel. Alvexo holds licences including Australian Securities and Investment Commission (ASIC), while Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909) among others. Alvexo serves 10,000+ clients worldwide; Plus500 has 1,000,000+. The minimum deposit is $500 at Alvexo and $100 at Plus500.
| Feature | Alvexo | Plus500 |
|---|---|---|
| Min. Deposit | $500 | $100 |
| 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 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 |
| Founded | 2014 | 2008 |
| Country | Cyprus | Israel |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Alvexo and Plus500, directly affecting your bottom line as a trader. Plus500 has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Alvexo). Neither broker charges withdrawal fees. Plus500 applies inactivity fees on dormant accounts; Alvexo does not. Overall, Plus500 scores higher on fees in our assessment.
| Feature | Alvexo | Plus500 |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alvexo offers MT4, cTrader, a proprietary platform, while Plus500 supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Plus500 supports social and copy trading features, which Alvexo does not offer. Plus500 edges ahead on platform breadth and functionality in our scoring.
| Feature | Alvexo | Plus500 |
|---|---|---|
| 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 | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alvexo and Plus500 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. The two brokers are evenly matched on educational content.
| Feature | Alvexo | Plus500 |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
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 Plus500 supports 4 (bank transfer, credit/debit card, PayPal, Skrill). Both brokers support the same set of payment methods.
| Feature | Alvexo | Plus500 |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| 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 Plus500 offer live chat support. Both provide phone support. Email support is available at both brokers. Alvexo supports 2 languages and Plus500 supports 15, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | Alvexo | Plus500 |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |