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Title FXTM vs Alvexo | Broker Comparison

Best trading broker comparisons. We compared FXTM VS Alvexo to see what key differences we could find.

Our goal was to create a side by side comparison of the approved brokers on wecomparebrokers to give you an at-a-glance overview of their features, broker details and fees. Our broker reviews and comparisons done by us testing accounts with real money and from the traders view point. You can also use our broker finder to look for a broker specific to your requirements.

Below is a comparison between FXTM VS Alvexo

In our testing, we used our trading accounts and ranked various points that we liked, did not like or were indifferent to. We tried to be objective and be fair minded when evaluating certain characteristics, based on what features the broker had to offer in compared with how competitive their fees are. Additionally, we have created our own unique rating system which use for judging all brokers in our side-by-side broker comparisons.

Rating
ForexTime (FXTM) Review
Rating
Alvexo Review

Basic Information

Year Founded

First broker:

2011

Second broker:

2014

Headquarters Location

First broker:

Limassol, Cyprus

Second broker:

Cyprus + EU/UK offices

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

YES

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

CySEC

Second broker:

CySEC

Minimum Deposit

First broker:

$10

Second broker:

$500

Fixed Spreads?

First broker:

NO

Second broker:

NO

Trading Type

First broker:

ECN, STP

Second broker:

ECN, STP

Commissions on Trades

First broker:

YES

Second broker:

YES

CFD Loss Rate

First broker:

69% loss rate on CFDs

Second broker:

79% loss rate on CFDs

Maximum Leverage

First broker:

1:30

Second broker:

1:30

Currency Pairs Offered

First broker:

50+

Second broker:

54

General Average Rating - 3 scale

First broker:

2,13

Second broker:

2,06

Background

Value

Score

Value

Score

Year Founded

First broker:

2011

2,5

Second broker:

2014

2,0

Headquarters location + Offices

First broker:

Limassol, Cyprus

2,0

Second broker:

Cyprus + EU/UK offices

2,0

Publicly traded?

First broker:

No

1,5

Second broker:

No

1,5

Size Measure

First broker:

1 million accts

2,0

Second broker:

Private - New - One arena

1,5

Summary Score

First broker:

2,00

Second broker:

1,75

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

YES

3,0

Primary regulator

First broker:

CySEC

2,0

Second broker:

CySEC

2,0

Multiple compliance

First broker:

FCA, IFSC, FSCA

2,5

Second broker:

EU MiFID II only

2,0

Safety of Deposits

First broker:

Safe if EU, segegated accts

2,0

Second broker:

Safe if EU, segegated accts

2,0

Summary Score

First broker:

2,38

Second broker:

2,25

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Generally low fees/spreads

2,5

Second broker:

Generally low fees/spreads

2,0

General

First broker:

Confusing by acct/platform

1,5

Second broker:

Spreads vary by acct type

2,0

Spreads

First broker:

Spreads vary by acct/platform

1,5

Second broker:

Vary but average or above

1,5

Summary Score

First broker:

2,00

Second broker:

1,83

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

150 CFDs

1,0

Second broker:

400+ shares

1,5

Forex - Breadth

First broker:

Average

2,5

Second broker:

Average

2,5

Other: Comm, Crypto, Spread, CFD?

First broker:

Comm, Crypto, CFD, No SB

2,0

Second broker:

No Crypto, No SB, CFDs

1,5

Summary Score

First broker:

1,83

Second broker:

1,83

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

Metatrader Only

3,0

Second broker:

MT4

3,0

Proprietary options

First broker:

None

2,0

Second broker:

Alvexo Web Trader

2,5

Special Advanced?

First broker:

Confusing array of options

2,0

Second broker:

STP ECN array

2,5

Summary Score

First broker:

2,33

Second broker:

2,67

Special Features

Value

Score

Value

Score

Feature A

First broker:

Auto-trading platform

2,5

Second broker:

STP ECN connected

2,5

Feature B

First broker:

Social/Copy trading

2,5

Second broker:

Trading Signals 88% accurate

2,0

Feature C

First broker:

No trading on mobile app

1,0

Second broker:

No guaranteed stops

1,0

Summary Score

First broker:

2,00

Second broker:

1,83

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Twice daily updates

2,5

Second broker:

Daily commentary, news

2,5

Technical Anlaysis

First broker:

Included in commentary

2,5

Second broker:

In-house economists

2,5

Other Guidance

First broker:

Basic tools

2,0

Second broker:

Senior Exec support

2,0

Summary Score

First broker:

2,33

Second broker:

2,33

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Good to average above

2,5

Second broker:

Average

2,0

Webinars/Support

First broker:

ebooks, webinars, videos

2,0

Second broker:

Videos, manuals

2,0

General

First broker:

69% loss rate on CFDs

2,0

Second broker:

79% loss rate on CFDs

1,5

Summary Score

First broker:

2,17

Second broker:

1,83

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

YES

3,0

Responsiveness

First broker:

Above average

2,5

Second broker:

24/7 - Good customer ratings

2,5

FAQs? Quality?

First broker:

Average

2,0

Second broker:

Extensive

2,5

Summary Score

First broker:

2,50

Second broker:

2,67

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Auto-trading platform

2,5

Second broker:

STP ECN Broker

2,5

Pro #2

First broker:

Social/Copy trading

2,5

Second broker:

Fee spreads vary above avg

1,5

Pro #3

First broker:

Low fees but confusing

2,0

Second broker:

Good trading signals

2,0

Con #1

First broker:

Low asset coverage

1,5

Second broker:

Limited scope - EU

1,5

Con #2

First broker:

Confusing options platforms

1,0

Second broker:

No social trading

1,0

Con #3

First broker:

No spread betting in UK

1,0

Second broker:

No guaranteed stops

1,0

Summary Score

First broker:

1,75

Second broker:

1,58

General Average Rating - 3 scale

General Average Rating - 3 scale

First broker:

2,13

Second broker:

2,06