Comparison of Alvexo and Tradovate
| Feature | Alvexo | Tradovate |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2015 |
| Broker Type | STP | DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | SFSA | NFA, CFTC |
| Platforms | Alvexo WebTrader, Mobile | Tradovate, NinjaTrader, TradingView |
| Spread | ⬈ High | ⬊ Low |
| Maximum Leverage | 1:400 | 1:100 |
| Minimum Deposit | $500 | $1 |
| Base Currencies | USD, EUR | USD, EUR, GBP, CAD, AUD |
| Funding Methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | ACH, Wire Transfer, Debit/Credit Card, Checks |
| Inactivity Fee | Tiered up to $2 500/mo after 30 days idle | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ACH free; $30 domestic wire |
| Investor Protection | - | - |
| Protection Size | - | - |
| 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 | Futures (Indices, Commodities, Currencies, Metals, Energies, Bonds, Cryptocurrencies) |
| Review | Alvexo Review | Tradovate 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 Tradovate
Tradovate is a US based futures broker launched in 2015. The cloud native platform lets you trade 100+ Micro, Mini and Nano contracts from any device with no account minimum and commission options starting at $0.09 per side. Regulated by the NFA/CFTC, Tradovate offers low intraday margins, advanced order flow tools and seamless integration with NinjaTrader and TradingView.
Pros
- No minimum funding requirement
- Commission‑free or ultra‑low‑fee pricing models
- Native cloud platform with 40+ futures tools
- Low day‑trade margins (from $50)
- Regulated in the US with segregated client funds
Cons
- Futures only - no stocks, ETFs or spot FX
- No investor compensation scheme
- Wire withdrawals cost $30 after two free ACH withdrawals
Alvexo & Tradovate Regulation
| Feature | Alvexo | Tradovate |
|---|---|---|
Companies | HSN Capital Group Ltd | Tradovate LLC |
Countries | Seychelles | United States |
Regulators | SFSA | NFA, CFTC |
Investor Protection | - | - |
Investor Protection Size | - | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Alvexo | Tradovate |
|---|---|---|
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 | — |
| Min Deposit | $10 000 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 2.2 | — |
| Fee | No | — |
| Max Leverage | 1:200 | — |
| Stop Out | 35% | — |
| Margin Call | 75% | — |
DMA Account | ||
| Account Name | — | Futures Account |
| Min Deposit | — | $1 |
| Lot Size | — | 1 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.1 |
| Fee | — | $0.78 per 1 lot |
| Max Leverage | — | 1:100 |
| Stop Out | — | 100% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Alvexo | Tradovate |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, CAD, AUD |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | ACH, Wire Transfer, Debit/Credit Card, Checks |
Inactivity fee | Tiered up to $2 500/mo after 30 days idle | |
Interest on margin | ||
Withdrawal fee | ACH free; $30 domestic wire |
Trading Platforms and Conditions
| Feature | Alvexo | Tradovate |
|---|---|---|
Trading Platforms | Alvexo WebTrader, Mobile | Tradovate, NinjaTrader, TradingView |
Execution Speed | - | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | low |
Trading Assets
| Asset | Alvexo | Tradovate |
|---|---|---|
Currencies | 58 | 14 |
Indices | 15 | 15 |
Stocks | 330 | 0 |
Cryptocurrencies | 22 | 6 |
Bonds | 2 | 6 |
Metals | 5 | 4 |
Energies | 5 | 5 |
Soft Commodities | 4 | 8 |
ETFs | 12 | 0 |
Education and Analytics
| Feature | Alvexo | Tradovate |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Alvexo | Tradovate |
|---|---|---|
Email | support@alvexo.com | support@tradovate.com |
Phone | +41449746327 | +18442833100 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter |
Which Broker is Better?
After comparing Alvexo and Tradovate, Tradovate 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.
More Comparisons
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Tradovate Comparisons
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.