Alvexo
VTB 24 Bank
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Overview
Alvexo was founded in 2014 and is headquartered in Cyprus, while VTB 24 Bank was established in 2008 and is based in Russia. Alvexo holds licences including Australian Securities and Investment Commission (ASIC), while VTB 24 Bank is regulated by Unregulated among others. Alvexo serves 10,000+ clients worldwide; VTB 24 Bank has 10,000+. The minimum deposit is $500 at Alvexo and $100 at VTB 24 Bank.
| Feature | Alvexo | VTB 24 Bank |
|---|---|---|
| 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 | Unregulated |
| Founded | 2014 | 2008 |
| Country | Cyprus | Russia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alvexo and VTB 24 Bank, directly affecting your bottom line as a trader. VTB 24 Bank has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Alvexo). Neither broker charges withdrawal fees. Overall, VTB 24 Bank scores higher on fees in our assessment.
| Feature | Alvexo | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alvexo offers MT4, cTrader, a proprietary platform, while VTB 24 Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. VTB 24 Bank supports social and copy trading features, which Alvexo does not offer. VTB 24 Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | Alvexo | VTB 24 Bank |
|---|---|---|
| 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 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alvexo and VTB 24 Bank 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 | VTB 24 Bank |
|---|---|---|
| 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 VTB 24 Bank supports 2 (bank transfer, credit/debit card). Alvexo uniquely supports PayPal and Skrill among the two brokers. Alvexo scores higher on deposit and withdrawal flexibility.
| Feature | Alvexo | VTB 24 Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 VTB 24 Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alvexo | VTB 24 Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |