Alchemy Markets Review
Built by traders for traders, Alchemy Markets is an online trading broker that aims to provide retail and institutional clients worldwide with an exceptional trading environment and empower them to reach their full potential. The broker is made up of a team with a trading experience that spans back to the 80s and has traded on all major financial markets from Asia to North America. They offer CFDs on currency pairs, stock indices, crude oil, precious metals, bonds, futures, energies, and cryptocurrencies. The minimum deposit required to start trading is $5,000.
Pros / Cons
- MT4 trading platform
- Multiple trading instruments
- Several educational resources
- Multiple account types
- Responsive client support team
- Regulated broker
- No USA clients
- $5,000 minimum deposit
- No USA traders
In this detailed Alchemy Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
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Alchemy Markets Overview
Based in London, United Kingdom, Alchemy Markets is a retail broker that provides traders with the popular MT4 platform for trading multiple financial instruments across different asset classes. The broker offers various learning resources, useful trading tools, and a knowledgeable client support team. Alchemy Markets also provides premium trading products and services with low spreads, fast execution, no requotes, transparency, and innovative technology.
Alchemy Markets Regulation
Alchemy Markets is a trading name of Alchemy Prime Limited, a company registered in England and Wales under number: 08698974. Alchemy Prime Limited is authorized and regulated by the UK Financial Conduct Authority, registration No 612233.
Alchemy Markets Countries
The broker offers its services to residents of countries and jurisdictions where the use of such services would not be contrary to any local laws or regulations.
Some Alchemy Markets features and products mentioned within this Alchemy Markets review may not be available to traders from certain countries because of legal restrictions.
Alchemy Markets Platforms
The broker provides traders with the MT4 trading platform. It is designed for traders looking for an edge in their trading. The MetaTrader 4 platform offers a rich and user-friendly interface in a highly customizable trading environment to help improve your trading performance. The platform has enhanced charting functionality and sophisticated order management tools to help you control your positions quickly and efficiently.
MT4 is widely regarded as the world’s favorite Forex trading platform because it offers an easy-to-use user interface, various charts, and indicators. It most importantly supports MQL language, which allows you to easily program indicators and Expert Advisors (EAs) – automated trading strategies that can trade the Forex market 24/5 with no intervention needed from your side. The MT4 trading platform is available in desktop, web, and mobile versions.
Alchemy Markets Trading Tools
The broker provides traders with various useful trading tools to enhance their overall trading experience. These tools include forex calendar, trading calculators, VPS, one-click trading functionality, and Myfxbook AutoTrade that allows traders to follow the strategies developed and tested by other traders.
Alchemy Markets Education
The broker provides traders with a good selection of educational resources to improve their trading skills and knowledge. These educational resources include trading guides, blog, press release, glossary, news, and FAQ section that answers some of the clients’ most common questions.
Alchemy Markets Instruments
Alchemy Markets provides you with various trading instruments, including CFDs on currency pairs, stock indices, crude oil, precious metals, bonds, futures, energies, and cryptocurrencies.
Alchemy Markets Accounts & Fees
The broker offers the following live trading account options: Classics, Premier, and VIP accounts. The minimum deposit required to start is $5,000.
As broker fees can vary and change, there may be additional fees that are not listed in this Alchemy Markets review. It is imperative to ensure that you check and understand all of the latest information before you open an Alchemy Markets broker account for online trading.
Alchemy Markets Support
Alchemy Markets offers a client support team that is polite and prompt in response. The support team can be reached via the following contact channels: telephone, email, and Live Chat.
Alchemy Markets Deposit & Withdrawal
The following payment methods are accepted for both account deposits and withdrawals at Alchemy Markets:
- Bank wire transfers
- Credit/Debit cards: Visa, Mastercard, and more
- Electronic payment gateways, such as Neteller and Skrill
Alchemy Markets Account Opening
To open an account, click on the ‘Live Account’ button at the top right corner of the broker’s website and fill in the registration form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Alchemy Markets Summary
Alchemy Markets is an online financial services provider that is based in London, United Kingdom. They give traders access to trade multiple financial markets using the advanced MT4 trading platform. There are various educational resources, useful trading tools, and a responsive client support team to assist traders. Traders benefit from several competitive trading conditions, such as leverage of up to 1:200, low spreads, and more. The minimum deposit required to start trading is $5,000.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Alchemy Markets focuses on professional clients. However, none of our retail clients has lost money in Q3. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. You should be aware of all the risks associated with trading CFDs and seek advice from an independent advisor if you have any doubts.