AAATrade Vs. Alvexo - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 69.23% of retail CFD accounts lose money.	Visit 77.88% of retail CFD accounts lose money.
Overview
AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.	Alvexo is a Cypriot broker founded and regulated in 2014 that specialises in CFDs trading via MT4 and their proprietary trading platform. As of August 3rd 2022, Alvexo's CySec license is partially suspended making them unavailable in French territory.
Best For
Beginner traders looking for a simple web and mobile platform to get started Passive investors looking for real equity	At the moment, no user category is best served by Alvexo
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus)	CySec (Cyprus) FSAS (Seychelles)
The Good
Simple and friendly proprietary trading platform Intuitive overview of account analytics Wide variety of CFDs and real equities	Very simple and easy to use proprietary platform along with MT4 Trading Singals offered (untested)
The Bad
Above-average FX spreads High fees (depending on the deposit / withdrawal methods) High deposit requirements for advanced services ($25,000 , $100,000)	High minimum deposit without any benefits for the requirement Amongst the highest spreads we have seen for brokers in the same category Asset offering is low (below 500 instruments)
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2013	2014
💳 Minimum Deposit Range
$500	500
💰 Payment Methods
Credit Card Debit Card Wire Transfer Skrill Neteller FasaPay UnionPay Giropay QIWI Cryptocurrencies	Credit Card Debit Card Bank Transfer Neteller
💵 Account Base Currencies
3 - EUR, USD, GBP.	3 - EUR, USD, GBP
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.	US, CA, SY, IR.
📊 STP Account
Yes	No
📊 DMA Account
Yes	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
2,162	443
Exchange Access
25	0
📙 Real Stocks
1,000	0
📙 Stock CFDs
1,000	337
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
80	54
📗 Commodities
0	0
📗 Commodities CFDs
4	13
📕 Indices
0	0
📕 Indices CFDs
12	15
📔 ETFs
0	0
📔 ETFs CFDs
5	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
50	22
📒 Bonds
0	0
📒 Bonds CFDs
4	2
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
7	0
Trading Experience
📈 Minimum Stock Trade Size
1 share	1 Share
📉 Minimum ETFs Trade Size
1 ETF	Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 lots)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
100 units	1 Bond
📈 Minimum Futures Trade Size
$1,000 (0.01 lots)	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	300
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	No
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
€15 after 3 months of inactivity.	$10 monthly after 3 months of inactivity.
💰 Deposit Fees
From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.	None
💰 Withdrawal Fees
Wire transfers have a €10 fee.	None
💰 Commissions
No commissions on novice accounts. Commission free trading for stock ETFs on Experienced accounts FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.	None
Spreads
📈 EUR/USD
Dynamic - From 2 Pips	From 2.9 Pips to 14 Pips
📉 SP500
Dynamic - From 50 Pips	From 175 Pips to 100 Pips
📈 GOLD
Dynamic - From 95 Pips	From 90 to 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.21	From $1.91 to $1.41
📈 XLK (ETF - CFD)
Dynamic - From $0.01	Unavailable
📉 BTC
Dynamic - From $511	From $192.21
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	Yes
📡 Account Management
Yes	Yes
📡 Webinars
No	Yes