Alchemy Markets

General Information & Regulation

Alchemy Markets, a trading name of Alchemy Global Limited, presents itself as a company registered in England and Wales with Companies House, reference number 08698974. The broker claims to provide its clients with over 1,000 tradable financial instruments with leverage up to 30:1 and spreads as low as 0.2 pips on the MT4 for desktop, iPhone/iPad, Android and MT5 for desktop, iPhone/iPad, Android, Web trading platforms, as well as a choice of three different live account types and 24/5 customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that Alchemy Markets has a suspicious clone Financial Conduct Authority license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.43/10. Please be aware of the risk.

Market Instruments

Alchemy Markets advertises that it offers access to more than 1,000 trading instruments across 10 asset classes, covering forex, indices, commodities, stock CFDs, ETF CFDs and crypto CFDs.

Account Types

Apart from demo accounts, Alchemy Markets claims to offer three types of live trading accounts, namely Classic, Premier and VIP. The minimum initial deposit amount is extremely high-$1,000 for the Classic account, while the other two account types have much higher minimum initial capital requirements of $5,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The leverage offered by Alchemy Markets is capped at 30:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Alchemy Markets says to offer spreads as low as 0.2 pips.

Trading Platform Available

Platforms available for trading at Alchemy Markets are MT4 for desktop, iPhone/iPad, Android and MT5 for desktop, iPhone/iPad, Android and Web. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Alchemy Markets official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, JCB Bank, Bank Wire, Skrill and Neteller. The minimum initial deposit requirement is said to be as high as $1,000, while there is no mention of what the minimum withdrawal amount is.

Customer Support

Alchemy Markets customer support can be reached by telephone: +44 (0)2070978794, email: support@alchemymarkets.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, WhatsApp and LinkedIn. Company address: Unit 8, 74 Back Church Lane, London E1 1LX.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.