Forex Spreads & Bonuses
Alvexo Forex brokers will often encourage you to invest and make a profit. One method to do this is by providing bonus funds and other promotional offers.
Bonus funds are not cash. They need to be re-invested before they can be withdrawn – usually between 20 and 40 times. Following a $50 bonus, for example, at a 20 times rate you must open new trades at a total value of $1000 to withdraw that 50.
On the other hand, with Alvexo you have no transaction fees or commissions. Instead, we charge a spread – the difference between the rate at which you can buy and sell a currency. It’s no different than a bank or the currency change abroad.
The value of a currency is always quoted in pairs – the first number being the bid price for selling the currency, and the second which equals the ask price if you want to buy the currency. Obviously, the buy price is higher than the sell price, and that’s how your broker makes his profit.
Just like a bank or money changer, spread is a function of supply and demand, your account and your turnover. The more you trade, the lower the spread.
Bonus funds are not cash. They need to be re-invested before they can be withdrawn – usually between 20 and 40 times.