Business

Is Alchemy Markets a Scam?

Alchemy Markets is a prominent multi-asset broker that offers its services to both retail and institutional clients. With a strong focus on regulation, Alchemy Markets has managed to become one of the most trusted brokers in the industry.

Regulated by Multiple Authorities

One of the main factors that sets Alchemy Markets apart from other brokers is its comprehensive regulatory framework.

The company is regulated by two prominent authorities – Alchemy Markets Ltd is regulated by the Malta Financial Services Authority (MFSA) and has been granted an extension of its services to EEA countries (except Iceland).

On the other hand, Alchemy Global Limited is regulated by the Financial Services Authority (FSA), making it a fully licensed broker in multiple jurisdictions.

MFSA Regulation

Alchemy Markets Ltd, located at 168 St Christopher Street, Valletta VLT 1467, MALTA, is regulated by the MFSA. They hold a Company Registration Number C/56519 and possess License Number IS/56519 from the MFSA.

As a member of the European Union, Malta follows the same regulatory framework as other EU countries and strictly adheres to the Investment Services Act (CAP.370 of the Laws of Malta). The MFSA is known for its strict regulatory standards and supervision of financial service providers in Malta.

Furthermore, Alchemy Markets Ltd, hosted on the domain ‘www.alchemymarkets.eu’, has implemented the Markets in Financial Instruments Directive (MiFID) to ensure client protection and fair trading practices.

FSA Regulation

Alchemy Global Limited, operating under the trading name of Alchemy Markets, is registered in Seychelles with the Registrar of Companies under reference 8429852-1.

As a licensed entity, Alchemy Global Limited (License No. SD136) is under the regulatory oversight of the Seychelles Financial Services Authority (FSA No. SD136).

Headquartered at Office No. 2C, CT House in Mahe, Seychelles, Alchemy Global Limited benefits from the strong market integrity focus of the FSA, ensuring compliance with strict regulations to safeguard investor interests.

Please note that the FSA-regulated site is hosted on ‘www.alchemymarkets.com’, which is a different domain from the MFSA-regulated site, ‘www.alchemymarkets.eu’.

Client Protection

As a regulated broker, Alchemy Markets is committed to upholding various rules and guidelines set by regulatory bodies. This includes maintaining ample capital reserves, segregating client funds, and providing comprehensive risk disclosures.

In case of any financial difficulties, client funds are protected and easily recoverable.

Additionally, Alchemy Markets offers diverse funding options for deposits and withdrawals. These include bank wire, Skrill, Neteller, credit card, and more.

Rest assured, all transactions are safeguarded through secure trading platforms and encryption protocols to ensure the security of client information.

Fair Trading Practices

Alchemy Markets takes pride in offering some of the best trading conditions in the market. This includes 100% Straight Through Processing (STP) execution, institutional tight spreads, and zero to no commissions across hundreds of trading instruments.

Clients can enjoy market-leading prices from their favourite trading products, sourced by over 20 tier 1 liquidity providers such as major banks, non-banks, and cryptocurrency exchanges.

With Alchemy Markets, clients can also benefit from lightning-fast execution speeds of <10ms and low latency, a testament of 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 sophisticated and advanced research and technical analysis tools from Trading Central, as well as FXBlue trading tools –  free for 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, ensuring a superior trading experience regardless of the account you choose.

They aim to cater to different strategies and preferences, ensuring that every trader finds their best fit. Here’s an overview of their account offerings:

Standard Account:

Ideal for those starting their trading journey, this entry-level account requires a minimum deposit of just $100.

It stands out for its low trading costs, offering zero commissions on FX, Indices, and Metals while maintaining standard commission charges on Single Stocks and Crypto. It’s an excellent choice for clients looking to explore Alchemy Markets’ services with minimal initial investment.

Classic Account:

With a starting deposit of $1,000, this account is tailored for traders seeking comprehensive access to global markets.

It offers tight spreads and commission-free trading on FX, Indices, and Metals. Competitive commissions on Single Stocks, Crypto, and Futures make it a versatile option for serious traders.

Premier Account:

Designed for those aiming for tighter spreads, the Premier Account starts with a $5,000 deposit.

It extends the benefits of commission-free trading on FX, Indices, and Metals and offers lower commissions on Single Stocks, Crypto, and Futures, making it suitable for more experienced traders looking for the best trading conditions.

VIP Account:

Catering to active, high-volume traders, the VIP Account requires a minimum deposit of $50,000.

It is specifically engineered to provide optimal execution and competitive pricing with raw spreads, appealing to professional traders seeking an elite experience and institutional trading conditions.

Demo Account:

For those who wish to test the waters, our Demo Account offers a risk-free environment.

It accurately simulates real market conditions, providing valuable experience in platform navigation and strategy testing before transitioning to a live trading account.

Alchemy’s Trading Platforms: MT5 and FIX API

Alchemy Markets provides clients with the globally recognised MetaTrader 5 (MT5) platform, a user-friendly trading platform favoured by millions of traders worldwide.

MT5 offers advanced charting tools for technical analysis, real-time market quotes, and a wide range of automated trading features.

Alchemy takes pride in using industry-leading technology, which is why their MT5 servers are located in Equinix LD4, London – the world’s top data centre for FX transactions. This ensures reliable and efficient trading capabilities.

For institutional clients and professional traders seeking direct market access, Alchemy Markets offers FIX AP connectivity.

This allows for faster execution speeds of less than 10ms with low latency, as well as increased flexibility in trading strategies. This option also enables clients to trade using their preferred algorithms.

Customer Support Team at Alchemy Markets

Apart from providing top-notch trading conditions, Alchemy Markets also takes pride in its exceptional customer support team. Their team comprises of seasoned traders with decades of combined experience, ensuring that clients receive expert assistance and guidance whenever needed.

The support team is available 24/5, from Monday to Friday, to cater to any queries or concerns that clients may have. They can be reached via WhatsApp, Live Chat, and over the phone, making it convenient for clients to seek assistance in their preferred method of communication.

The team is well-equipped with extensive knowledge about the financial markets and trading strategies. They also keep themselves 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.

*Our 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 our ‘Documents’ tab at the bottom of the page.

*We offer commission-free trading on Forex, Indices, and Metals for Classic and Premier accounts only. For information on our charges on other account types and products including Crypto CFDs and Stock CFDs, you can visit our product pages and product sheets.

Editor

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