Alchemy Markets, a multi-asset broker founded in 2017, is highly regarded in the industry for its dedication to transparency, adhering to regulations, and offering a robust trading platform for both institutional and retail clients. This article offers a detailed overview of everything you need to know about Alchemy Markets.
Regulated by Multiple Authorities
Alchemy Markets prioritises meeting the strictest regulatory standards as a core part of its business. It is overseen by two leading regulatory authorities, guaranteeing strong accountability and openness.
Alchemy Markets Ltd falls under the regulation of the Malta Financial Services Authority (MFSA) and is authorised to offer its services in EEA countries (except Iceland). They hold the company registration number C/56519, and licence number IS/56519.
Meanwhile, Alchemy Markets (the trading name of Alchemy Global Limited) operates as a fully licensed broker in multiple jurisdictions and is regulated by the Financial Services Authority of Seychelles (FSA). They hold the company registration number SD136, and reference number 8429852-1.
Client Protection and Funds Safety
Alchemy Markets, as a regulated broker, is dedicated to following the strict guidelines established by financial regulators to guarantee the security and trustworthiness of its trading platform and the safety of client funds. This dedication means keeping enough capital on hand, keeping client funds separate from the company’s operating funds, and offering detailed information on risks.
Deposits and Withdrawals
Alchemy Markets also offers a range of funding options for both deposits and withdrawals, providing clients with flexibility and convenience. Clients can choose from traditional bank wire transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller. All financial transactions are secured with advanced encryption protocols to guarantee the safety and privacy of client information.
Alchemy's Trading Conditions
Alchemy Markets provides its investors and traders with some of the best trading conditions in the market. Clients at Alchemy Markets benefit from 100% STP Execution, Institutional Tight Spreads, and low to no commission trading.
Additionally, Alchemy has tier-1 liquidity sourced from 20+ major banks, non-banks, and cryptocurrency exchanges. This empowers its clients to trade with the best prices available in the market across 300+ trading instruments from 10+ asset classes including stocks, indices, forex, commodities, cryptocurrencies. Moreover, clients trade with zero restrictions as any strategy, including short-term trading, are welcomed.
With Alchemy Markets, clients can also benefit from lightning-fast execution speeds of <10ms and low latency, a testament to their advanced trading infrastructure and aggregators. This allows for quick trade execution without any delays or re-quotes.
Additionally, the broker offers a range of trading tools and resources to help clients make informed decisions and improve their trading strategies. These tools include:
Technical Views: Real time analyst insights on support and resistance, chart patterns, and trade ideas.
Correlation Matrix: Insights into the correlations between trading pairs.
Economic Calendar: Provides a clear view of upcoming economic news events.
Mini Terminal: Upgrade to MT5 to set more advanced entry, stop, and limit orders.
These tools are no additional cost to all Alchemy Markets’ account holders.
Available Trading Account Types
Alchemy Markets provides a range of account types designed to meet the diverse trading needs and goals of their clients, from novices to experienced traders. Each account type offers institutional liquidity and 100% Straight Through Processing (STP) execution. This means no trading restrictions and the ability to trade any strategy for all account types. Here’s an overview of their account offerings:
Standard Account:
This entry-level trading account requires just a $100 minimum deposit, making it accessible for beginners and those wanting to test execution before depositing more funds. It offers low trading costs with zero commissions on FX, indices, and metals and standard commission charges on single stocks and crypto.
Classic Account:
This account requires a starting deposit of $1,000 and offers tight spreads and commission-free trading on FX, indices, and metals. It also provides competitive commissions on single stocks, crypto, and futures, making it a versatile option for traders looking to test their automated or manual strategy on microlots.
Premier Account:
The Premier Account is aimed towards more experienced traders who are looking for the best trading conditions with a minimum deposit of $5,000. It offers tighter spreads and the benefits of commission-free trading on FX, indices, and metals, including lower commissions on single stocks, crypto, and futures.
VIP Account:
The VIP Account is designed for active and high-volume traders and requires a minimum deposit of $50,000. It is tailored to provide the best possible execution and competitive pricing with raw spreads, making it an attractive option for professional traders who are looking for an elite experience and institutional trading conditions.
Demo Account:
The Demo Account offers a risk-free environment to test the waters, simulating real market conditions and providing valuable experience before transitioning to a live trading account. Do note there is no liquidity behind demo trades. Though a demo account simulates the market as best as possible, actively trading smaller markets in large sizes may see some discrepancies when turning to a live account.
Alchemy's Trading Platforms: MT5 and FIX API
Alchemy Markets offers its clients the popular MetaTrader 5 (MT5) platform, which is a user-friendly trading platform that is used by millions of traders globally. MT5 provides advanced charting tools for technical analysis, real-time market quotes, and a wide range of automated trading features. The company uses industry-leading technology to ensure reliable and efficient trading capabilities. This is why their MT5 servers are located in Equinix LD4, London – the world’s top data centre for FX transactions.
FIX AP connectivity is offered to institutional clients and professional traders seeking direct market access. This allows for faster execution speeds of less than 10ms with low latency, as well as increased flexibility in trading strategies.
Customer Support
Alchemy Markets has an exceptional customer support team consisting of seasoned traders with decades of combined experience to ensure that clients receive quality assistance and guidance whenever needed. The team is available 24/5, from Monday to Friday, and can be reached via multiple platforms such as WhatsApp, Live Chat, and over the phone. The support team also keeps itself updated with the latest market trends and news to provide clients with accurate and relevant information.
Conclusion
After thorough research and analysis, it is safe to say that Alchemy Markets is a highly reputable online trading broker. The broker operates under strict regulatory guidelines, ensuring the safety and security of client funds. It provides transparent trading conditions, with no hidden fees or charges.
Additionally, Alchemy Markets offers a variety of services and features to cater to the needs of both beginner and experienced traders. With its competitive trading conditions, comprehensive educational resources, and exceptional customer support, it is a reliable and trustworthy choice for anyone looking to venture into the world of online trading. If you’re considering Alchemy Markets as your preferred trading platform, rest assured that you’ll be in good hands.
*All instruments offered by Alchemy Markets are traded in the form of derivatives as CFDs.
*The Alchemy Markets demo account provides a realistic trading environment that holds key differences from live trading conditions. Demo traders access demo liquidity, and trades made are not subject to slippage, interest, dividend adjustments, and more. Traders should ensure they are aware of these differences and can find more information regarding account features in Alchemy’s “Documents” tab at the bottom of their website.
*Alchemy Markets offers commission-free trading on Forex, Indices, and Metals for Classic and Premier accounts only. For information on their charges on other account types and products including Crypto CFDs and Stock CFDs, you can visit Alchemy Market’s product pages and product sheets.