Alvexo's former EU operator, VPR Safe Financial Group, voluntarily surrendered its Cyprus investment-firm license in September 2025. The brand now operates through Seychelles-licensed HSN Capital Group Ltd.
The Regulatory Timeline
CySEC fined VPR €100,000 in 2021 and partially suspended its license in 2022 over concerns tied to retail CFD promotion. France's AMF later fined tied agent France Safe Media €300,000 and its manager €100,000, banning both for ten years. CySEC imposed another €50,000 settlement in 2024.
What Changed for Clients?
The Cyprus withdrawal ended access to the jurisdiction's Investor Compensation Fund. VPR was required to return client money and close open positions before the withdrawal took effect. Seychelles regulation allows the brand to continue operating under a different protection framework.
BestForex.io View
Jurisdiction changes are not administrative trivia
The move changes the safeguards available to clients. Traders should evaluate the entity holding their account, not merely the Alvexo brand name.
About Alvexo
Alvexo is a CFD brand formerly operated in the EU by VPR Safe Financial Group and now operated through a Seychelles-licensed entity.
Frequently Asked Questions
Is Alvexo still regulated?
Yes, through a Seychelles entity rather than the former Cyprus-regulated company.
What did clients lose with the Cyprus license?
They no longer receive protection from Cyprus's Investor Compensation Fund through that entity.