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Alvexo.com WARNING IS SCAM

Discussion in 'Scam Alerts' started by ionutpotop, May 15, 2019.

  1. ionutpotop

    ionutpotop Recruit

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  2. Walter Emslie Forex

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    Watching the Video, its 93 Points, NOT 93 Pips, So the BUY Spread is 9.3 Pips

    Right Click on Market Watch, and select SHOW SPREAD - It will give you spread in POINTS
     
  3. Walter Emslie Forex

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    Even on their website they showing 9.3 pips

    You looking at it in POINTS

    Its 93 points, which is 9.3 Pips

    They are 5 Digit Broker so you are seeing it wrong in your video
     

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  4. ionutpotop13

    ionutpotop13 Recruit

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  5. ionutpotop13

    ionutpotop13 Recruit

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    Point, tick, and pip are terms used by traders to describe price changes in the financial markets. ... A pip, short for "point in percentage," is similar to a tick in that it also represents the smallest change to the right of the decimal, but it is a crucial measurement tool in the forex market.Apr 15, 2019
     
  6. ionutpotop13

    ionutpotop13 Recruit

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    Point, tick, and pip are terms used by traders to describe price changes in the financial markets. ... A pip, short for "point in percentage," is similar to a tick in that it also represents the smallest change to the right of the decimal, but it is a crucial measurement tool in the forex market.Apr 15, 2019
     
    Walter Emslie Forex likes this.
  7. Walter Emslie Forex

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    That is correct, in the video, he is saying the spread is 930 points ( 93 Pips ) but it's 9.3 pips ...

    So he is confused and seeing it wrong. The Broker is not a scammer.

    I'm just advising him.

    I don't use this broker I use IC Markets so not standing up for the broker.

    Just educating him in his video he has it all wrong
     
  8. ionutpotop13

    ionutpotop13 Recruit

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    https://drive.google.com/file/d/1ZyUbiVVNmMrnO-Gx4jPX53CEVtS6E5LZ/view?usp=drive_web

    FPA Forums Team Note: Pips are the 4th digit to the right of the decimal. The difference between 0.6946 and 0.6941 is 5 pips. The difference between 0.69459 and 0.69410 is 4.9 pips, not 49 pips. You can confirm this by seeing that a 1 pip movement on one lot of a USD based pair is worth $10 and a 0.1 pip movement is worth $1.

    You can learn more about the differences between 4 and 5 digit pricing here...


    https://www.forexpeacearmy.com/forex-books/61/chapter-5-part-iii-fractions-of-the-quote-rate
     
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  9. Alvexo Compliance

    Alvexo Compliance alvexo.com Representative

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    Dear Mr.Ionut,

    Thank you for initiating the thread and we’re sorry to hear of your impression of your experience with us.

    We have attempted to clarify this matter with you on several occasions as your accusations are a result of misunderstanding that even though we have attempted numerous time to explain, we believe that your frustration has prevented full comprehension, thus not allowing us to solve the issue.

    All of our spreads, commissions and general charges are available on our website as well as on the MT4. You may access information with regards to the spreads on the MT4, by doing a right click on Market Watch and selecting Show Spread.

    Furthermore, you may find the spreads and commissions on this link: https://www.alvexo.com/spread-and-commission

    Please feel free to look into the terminologies on our glossary by accessing our Academy page: https://academy.alvexo.com/#glossary

    We are happy to assist you with any further questions you may have.

    Alvexo.
     

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