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Alvexo vs Defcofx
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Alvexo currently holds a lower overall rating (2.9) compared to Defcofx (4.5).
Alvexo has a higher minimum deposit than Defcofx, at 500.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but Alvexo has a maximum lot size of 50.0, while Defcofx offers 2.0.
Alvexo offers a lower maximum leverage of 1:1400, whereas Defcofx allows trading with up to 1:2000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 500.0 | 50.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 50.0 | 2.0 |
| Spread | - | - |
| Broker type | ECN | STP, ECN |
| Maximal leverage (1:?) | 1400 | 2000 |
| Availability | ECN | STP, ECN |
| Regulation | CySEC (Cyprus) | - |
| Trading Platforms | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, WebMoney, cashU | Bitcoin, Multiple local methods, USDT |
| Account Currency | USD, EUR | USD, GBP, EUR |
| Languages | English, French, Portuguese, Italian, Russian, Arabic | English, French, German, Greek, Hebrew, Arabic, Hungarian, Dutch, Bulgarian, Czech, Norwegian, Danish, Finnish, Traditional Chinese, Cebuano, Afrikaans |
| Country | Cyprus | Saint Lucia |
| Trading platform(s) timezone | Cyprus | Saint Lucia |
| Other trading instruments | Stocks, Futures, Indices, Commodities, Energies, Shares, Spread Betting, CFDs | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
