Comparison of Alvexo and Orbex
| Feature | Alvexo | Orbex |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2010 |
| Broker Type | STP | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | SFSA | FSC, FSA, CySEC |
| Platforms | Alvexo WebTrader, Mobile | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬈ High | ⮕ Average |
| Maximum Leverage | 1:400 | 1:500 |
| Minimum Deposit | $500 | $100 |
| Base Currencies | USD, EUR | USD, EUR, GBP, PLN |
| Funding Methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | Bank Wire, Visa/Mastercard, Skrill, Neteller, Perfect Money, UnionPay, FasaPay, POLi, ENet, Tether (USDT), PayRetailers, VN Pay, Virtual Pay |
| Inactivity Fee | Tiered up to $2 500/mo after 30 days idle | $20/month on dormant accounts after ~6 months of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | - | Investor Compensation Fund (ICF) |
| Protection Size | - | €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 (CFDs), Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Alvexo Review | Orbex 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 Orbex
Orbex is a multi-entity broker regulated by the Mauritius FSC (global) with additional group entities in Cyprus and Seychelles. Traders can choose between three clear account tiers — Starter (no commission), Premium (raw pricing, $8 RT), and Ultimate (raw pricing, $5 RT) — on MT4 or MT5. Minimum deposits start from $100, maximum leverage is up to 1:500 (entity-dependent), and stop-out/margin call levels are typically 20%/100%. The product list covers 70+ FX pairs, stock and index CFDs, metals, energies and a set of major cryptocurrencies. Convenience extras include copy trading, Islamic (swap-free) terms for eligible clients, and a free VPS when account balance/deposit criteria are met. Funding supports cards, bank wires, major e-wallets and USDT, with near-instant processing for most methods; the broker generally doesn’t charge funding fees, though processors may.
Pros
- Three straightforward account types on MT4/MT5
- Raw pricing on Premium/Ultimate
- Leverage up to 1:500 (outside EU)
- Copy trading, Islamic accounts, and free VPS
- Broad funding stack incl. cards, e-wallets, and USDT
Cons
- Inactivity fee
- Instrument counts on MT4/5 can vary by account
Alvexo & Orbex Regulation
| Feature | Alvexo | Orbex |
|---|---|---|
Companies | HSN Capital Group Ltd | Orbex Global Limited; Orbex Limited; Orbex Ltd |
Countries | Seychelles | Mauritius, Seychelles, Cyprus |
Regulators | SFSA | FSC, FSA, CySEC |
Investor Protection | - | Investor Compensation Fund (ICF) |
Investor Protection Size | - | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Alvexo | Orbex |
|---|---|---|
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 | Starter |
| Min Deposit | $10 000 | $100 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 2.2 | 1.5 |
| Fee | No | No |
| Max Leverage | 1:200 | 1:500 |
| Stop Out | 35% | 20% |
| Margin Call | 75% | 100% |
ECN Account | ||
| Account Name | — | Premium |
| Min Deposit | — | $500 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.0 |
| Fee | — | $8 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 100% |
Zero Account | ||
| Account Name | — | Premium |
| Min Deposit | — | $500 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.0 |
| Fee | — | $8 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Alvexo | Orbex |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, PLN |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | Bank Wire, Visa/Mastercard, Skrill, Neteller, Perfect Money, UnionPay, FasaPay, POLi, ENet, Tether (USDT), PayRetailers, VN Pay, Virtual Pay |
Inactivity fee | Tiered up to $2 500/mo after 30 days idle | $20/month on dormant accounts after ~6 months of inactivity |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Alvexo | Orbex |
|---|---|---|
Trading Platforms | Alvexo WebTrader, Mobile | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | - | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | average |
Trading Assets
| Asset | Alvexo | Orbex |
|---|---|---|
Currencies | 58 | 36 |
Indices | 15 | 5 |
Stocks | 330 | 146 |
Cryptocurrencies | 22 | 11 |
Bonds | 2 | 0 |
Metals | 5 | 4 |
Energies | 5 | 1 |
Soft Commodities | 4 | 3 |
ETFs | 12 | 0 |
Education and Analytics
| Feature | Alvexo | Orbex |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Alvexo | Orbex |
|---|---|---|
Email | support@alvexo.com | support@orbex.com |
Phone | +41449746327 | +442035198140 |
Telegram | — | Telegram |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Which Broker is Better?
After comparing Alvexo and Orbex, Orbex 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.