Alchemy Markets Broker Review

　　

Alchemy Markets 2025 Review: Everything You Need to Know

　　Summary: Alchemy Markets presents itself as a multi-asset broker with a focus on providing a seamless trading experience, but opinions on its reliability are mixed. While some users appreciate the competitive trading conditions, others express concerns regarding regulatory compliance and the high minimum deposit requirement.

　　Note: It is important to highlight that Alchemy Markets operates through different entities across various jurisdictions, which may affect the level of regulatory protection available to clients.

　　

Rating Box

Category	Score (out of 10)
Account Conditions	6
Tools and Resources	7
Customer Service and Support	8
Trading Setup (Experience)	7
Trustworthiness	5
User Experience	6

　　We rate brokers based on comprehensive research, user feedback, and expert analysis.

　　

Broker Overview

　　Founded in 2017, Alchemy Markets is a multi-asset broker offering trading in a wide range of financial instruments, including forex, stocks, commodities, ETFs, and cryptocurrencies. The broker provides access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to both retail and institutional clients. Alchemy Markets operates under the regulatory oversight of the Malta Financial Services Authority (MFSA) and the Seychelles Financial Services Authority (FSA), although concerns about its offshore operations persist.

　　

Detailed Section

　　Regulated Geographical Areas/Regions:

　　Alchemy Markets is regulated in Malta and Seychelles. However, its operations in Seychelles raise concerns, as the regulatory environment is less stringent compared to European standards. The MFSA is known for its rigorous oversight, while the FSAs regulations allow for higher leverage and lower minimum deposit requirements, potentially appealing to a broader audience.

　　Deposit/Withdrawal Currencies/Cryptocurrencies:

　　The broker supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. However, the minimum initial deposit is relatively high at $1,000, which may deter some potential clients, especially beginners.

　　Minimum Deposit:

　　The minimum deposit for opening a live trading account with Alchemy Markets is $1,000 for the Classic account, which is considered high compared to many competitors that allow for lower initial investments.

　　Bonuses/Promotions:

　　Currently, Alchemy Markets does not appear to offer any significant bonuses or promotions, which is common among many regulated brokers to comply with regulatory standards.

　　Tradable Asset Classes:

　　Alchemy Markets provides access to over 1,000 trading instruments across various asset classes, including forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies. This wide selection caters to diverse trading strategies and preferences.

　　Costs (Spreads, Fees, Commissions):

　　The broker advertises spreads as low as 0.2 pips for forex pairs, which is competitive. There are no commissions for trading forex, metals, and indices on standard accounts, while VIP accounts incur a commission of $4 per lot round-turn, which is reasonable in the industry.

　　Leverage:

　　Leverage varies by asset class, with a maximum of up to 1:500 available for forex trading, which is attractive for traders looking to maximize their potential returns. However, such high leverage also increases risk, and traders should exercise caution.

　　Allowed Trading Platforms:

　　Alchemy Markets supports both MT4 and MT5, providing traders with user-friendly interfaces and advanced trading tools. Additionally, the FIX API is available for institutional clients, allowing for faster execution and direct market access.

　　Restricted Regions:

　　The broker does not accept clients from certain jurisdictions, including the United States and Iceland, due to regulatory restrictions. This is a common practice among many brokers to comply with local laws.

　　Available Customer Service Languages:

　　Alchemy Markets offers customer support in English, with a dedicated team available 24/5 through multiple channels, including telephone, email, and live chat. Users have reported positive experiences with the support team, noting their promptness and helpfulness.

　　

Repeated Rating Box

Category	Score (out of 10)
Account Conditions	6
Tools and Resources	7
Customer Service and Support	8
Trading Setup (Experience)	7
Trustworthiness	5
User Experience	6

　　

Detailed Breakdown Section

• 　　Account Conditions (6/10): The high minimum deposit requirement of $1,000 is a significant drawback for many potential clients. While the broker offers various account types, the entry barrier may limit accessibility for novice traders.

• 　　Tools and Resources (7/10): Alchemy Markets provides a range of trading tools, including advanced charting capabilities on MT4 and MT5, as well as access to third-party resources like Trading Central for market analysis.

• 　　Customer Service and Support (8/10): Users generally report positive experiences with customer support, highlighting the teams knowledge and responsiveness. The availability of multiple contact methods enhances the overall service quality.

• 　　Trading Setup (Experience) (7/10): The trading platforms are user-friendly and well-regarded in the industry, but the lack of educational resources may hinder less experienced traders from maximizing their potential.

• 　　Trustworthiness (5/10): While the MFSA regulation adds a layer of credibility, the offshore entity's operations and the lack of a robust regulatory framework raise concerns about trustworthiness. The broker has also received warnings from regulatory bodies in the past.

• 　　User Experience (6/10): Overall user experience is mixed, with some users appreciating the trading conditions while others express concerns about withdrawal difficulties and the high minimum deposit.

　　In conclusion, while Alchemy Markets offers competitive trading conditions and a diverse range of instruments, potential clients should carefully consider the regulatory implications and the high minimum deposit before engaging with this broker.