Home page -> Comparison -> Alvexo vs Formax | Broker Comparison

Title Alvexo vs Formax | Broker Comparison

Basic Information

Year Founded

First broker:

2014

Second broker:

Headquarters Location

First broker:

Cyprus + EU/UK offices

Second broker:

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

Regulated?

First broker:

YES

Second broker:

Primary Regulator

First broker:

CySEC

Second broker:

Minimum Deposit

First broker:

$500

Second broker:

Fixed Spreads?

First broker:

NO

Second broker:

Trading Type

First broker:

ECN, STP

Second broker:

Commissions on Trades

First broker:

YES

Second broker:

CFD Loss Rate

First broker:

79% loss rate on CFDs

Second broker:

Maximum Leverage

First broker:

1:30

Second broker:

Currency Pairs Offered

First broker:

54

Second broker:

General Average Rating - 3 scale

First broker:

2,06

Second broker:

Background

Value

Score

Value

Score

Year Founded

First broker:

2014

2,0

Second broker:

Headquarters location + Offices

First broker:

Cyprus + EU/UK offices

2,0

Second broker:

Publicly traded?

First broker:

No

1,5

Second broker:

Size Measure

First broker:

Private - New - One arena

1,5

Second broker:

Summary Score

First broker:

1,75

Second broker:

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

Primary regulator

First broker:

CySEC

2,0

Second broker:

Multiple compliance

First broker:

EU MiFID II only

2,0

Second broker:

Safety of Deposits

First broker:

Safe if EU, segegated accts

2,0

Second broker:

Summary Score

First broker:

2,25

Second broker:

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Generally low fees/spreads

2,0

Second broker:

General

First broker:

Spreads vary by acct type

2,0

Second broker:

Spreads

First broker:

Vary but average or above

1,5

Second broker:

Summary Score

First broker:

1,83

Second broker:

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

400+ shares

1,5

Second broker:

Forex - Breadth

First broker:

Average

2,5

Second broker:

Other: Comm, Crypto, Spread, CFD?

First broker:

No Crypto, No SB, CFDs

1,5

Second broker:

Summary Score

First broker:

1,83

Second broker:

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

MT4

3,0

Second broker:

Proprietary options

First broker:

Alvexo Web Trader

2,5

Second broker:

Special Advanced?

First broker:

STP ECN array

2,5

Second broker:

Summary Score

First broker:

2,67

Second broker:

Special Features

Value

Score

Value

Score

Feature A

First broker:

STP ECN connected

2,5

Second broker:

Feature B

First broker:

Trading Signals 88% accurate

2,0

Second broker:

Feature C

First broker:

No guaranteed stops

1,0

Second broker:

Summary Score

First broker:

1,83

Second broker:

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Daily commentary, news

2,5

Second broker:

Technical Anlaysis

First broker:

In-house economists

2,5

Second broker:

Other Guidance

First broker:

Senior Exec support

2,0

Second broker:

Summary Score

First broker:

2,33

Second broker:

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Average

2,0

Second broker:

Webinars/Support

First broker:

Videos, manuals

2,0

Second broker:

General

First broker:

79% loss rate on CFDs

1,5

Second broker:

Summary Score

First broker:

1,83

Second broker:

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

Responsiveness

First broker:

24/7 - Good customer ratings

2,5

Second broker:

FAQs? Quality?

First broker:

Extensive

2,5

Second broker:

Summary Score

First broker:

2,67

Second broker:

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

STP ECN Broker

2,5

Second broker:

Pro #2

First broker:

Fee spreads vary above avg

1,5

Second broker:

Pro #3

First broker:

Good trading signals

2,0

Second broker:

Con #1

First broker:

Limited scope - EU

1,5

Second broker:

Con #2

First broker:

No social trading

1,0

Second broker:

Con #3

First broker:

No guaranteed stops

1,0

Second broker:

Summary Score

First broker:

1,58

Second broker:

General Average Rating - 3 scale

General Average Rating - 3 scale

First broker:

2,06

Second broker:

Broker links

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