Comparison of Alvexo and FXOpen
| Feature | Alvexo | FXOpen |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2005 |
| Broker Type | STP | MM, STP, ECN |
| Dealing | A-book | A-book, B-book |
| Execution | Market | Market |
| Regulation | SFSA | FCA, CySEC, ASIC |
| Platforms | Alvexo WebTrader, Mobile | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TickTrader, TradingView |
| Spread | ⬈ High | ⬊ Low |
| Maximum Leverage | 1:400 | 1:500 |
| Minimum Deposit | $500 | $1 |
| Base Currencies | USD, EUR | USD, EUR, CHF, GBP, JPY, AUD, SGD, BTC, XAU, LTC |
| Funding Methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | Bank Wire, Credit Card, Debit Card, FasaPay, Volet.com, WebMoney, Bitcoin (BTC), Tether (USDT), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) |
| Inactivity Fee | Tiered up to $2 500/mo after 30 days idle | $10 per month after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | - | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | - | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✖ | ✔ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Commodities, Cryptocurrencies, Bonds | Currencies, Indices, Stocks, ETFs, Metals, Energies, Cryptocurrencies |
| Review | Alvexo Review | FXOpen Review |
About Alvexo
Founded in 2014, Alvexo is a multi-asset CFD broker regulated by the Seychelles FSA. Traders get 450+ instruments across FX, stocks, indices, commodities and crypto, plus a proprietary WebTrader and full-featured mobile app. Four live account tiers (Classic to Elite) offer progressively tighter spreads and higher leverage. Education is a key focus: Alvexo Plus delivers daily signals, webinars and market commentary. Despite strong education and platform choice, entry costs are steep: the Classic account starts at $500 and spreads from 2.9 pips; meaningful price-quality improvements demand deposits of $10 000+. A $100 inactivity fee kicks in after one month, and overall pricing is less competitive than top-tier STP brokers.
Pros
- 450+ tradable instruments and multi-asset coverage
- Rich education and daily trading signals
Cons
- High minimum deposits for better pricing
- Wide spreads on Classic account
- Monthly inactivity fee after 1 month
- Offshore FSA licence
- No cent or PAMM/MAM accounts
About FXOpen
FXOpen is a well-established forex broker founded in 2005, recognized for its commitment to providing a transparent and reliable trading environment. Catering to both novice and experienced traders, FXOpen offers a wide range of trading instruments, including major and exotic currency pairs, commodities, indices, and cryptocurrencies. The broker supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and TickTrader, ensuring that traders have access to advanced tools and features for effective trading. FXOpen is regulated by several reputable financial authorities, which enhances its credibility and ensures the security of client funds. Additionally, FXOpen provides various account types to suit different trading styles and offers competitive spreads, leverage options, and robust customer support, making it a popular choice among forex traders worldwide.
Pros
- Regulated by multiple reputable financial authorities
- Offers MetaTrader 4, MetaTrader 5, and TickTrader
- Access to numerous currency pairs, commodities, indices, and cryptocurrencies
- Provides tight spreads and flexible leverage options
- Multiple account options tailored to different trading needs, including micro, standard, and ECN accounts
- Responsive and knowledgeable support team available through various channels
- Efficient order execution with minimal slippage
Cons
- Fewer promotional bonuses and incentives compared to some other brokers in the market
- Some accounts may charge inactivity fees if there are no trades over a certain period
Alvexo & FXOpen Regulation
| Feature | Alvexo | FXOpen |
|---|---|---|
Companies | HSN Capital Group Ltd | FXOpen Markets Limited, FXOpen Ltd, FXOpen EU Ltd, FXOpen AU Pty Ltd |
Countries | Seychelles | Saint Kitts and Nevis, United Kingdom, Cyprus, Australia |
Regulators | SFSA | FCA, CySEC, ASIC |
Investor Protection | - | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | - | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Alvexo | FXOpen |
|---|---|---|
Market Maker Account | ||
| Account Name | Classic | — |
| Min Deposit | $500 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 2.9 | — |
| Fee | No | — |
| Max Leverage | 1:100 | — |
| Stop Out | 40% | — |
| Margin Call | 75% | — |
STP Account | ||
| Account Name | Gold | STP |
| Min Deposit | $10 000 | $10 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 2.2 | 1 |
| Fee | No | No |
| Max Leverage | 1:200 | 1:500 |
| Stop Out | 35% | 30% |
| Margin Call | 75% | 50% |
ECN Account | ||
| Account Name | — | ECN |
| Min Deposit | — | $100 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
Cent Account | ||
| Account Name | — | Micro |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 10% |
| Margin Call | — | 20% |
Crypto Account | ||
| Account Name | — | Crypto |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | $100 per 1 lot |
| Max Leverage | — | 1:3 |
| Stop Out | — | 15% |
| Margin Call | — | 30% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Alvexo | FXOpen |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, CHF, GBP, JPY, AUD, SGD, BTC, XAU, LTC |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | Bank Wire, Credit Card, Debit Card, FasaPay, Volet.com, WebMoney, Bitcoin (BTC), Tether (USDT), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) |
Inactivity fee | Tiered up to $2 500/mo after 30 days idle | $10 per month after 12 months |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Alvexo | FXOpen |
|---|---|---|
Trading Platforms | Alvexo WebTrader, Mobile | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TickTrader, TradingView |
Execution Speed | - | 1 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | low |
Trading Assets
| Asset | Alvexo | FXOpen |
|---|---|---|
Currencies | 58 | 66 |
Indices | 15 | 12 |
Stocks | 330 | 553 |
Cryptocurrencies | 22 | 41 |
Bonds | 2 | 0 |
Metals | 5 | 3 |
Energies | 5 | 3 |
Soft Commodities | 4 | 0 |
ETFs | 12 | 56 |
Education and Analytics
| Feature | Alvexo | FXOpen |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Contests
| Feature | Alvexo | FXOpen |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List | — |
|
- TickTrader ChallengeStart Balance: $5000 · Prize Pool: $650 · Period: MonthlyLearn More
Customer Support
| Contact | Alvexo | FXOpen |
|---|---|---|
Email | support@alvexo.com | sales@fxopen.com |
Phone | +41449746327 | +6498010123 |
Telegram | — | Telegram |
Facebook | — | |
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing Alvexo and FXOpen, FXOpen comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.