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Alchemy Markets

United Kingdom|5-10 years|
Regulated in Seychelles|Retail Forex License|MT4/5 White Label|Regional Brokers|High potential risk|Offshore Regulatory|

https://www.alchemymarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
AlchemyMarkets-Demo MT4
Server Location United Kingdom

Contact

+44 (0)2070978794
support@alchemymarkets.com
https://www.alchemymarkets.com/
Unit 8, 74 Back Church Lane, London E1 1LX

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 (0)2070978794

Broker Information

More

Company Name

Alchemy Global Limited

Company Abbreviation

Alchemy Markets

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-05
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The United KingdomFCA regulation (license number: 612233) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Alchemy Markets · Company Summary

General Information & Regulation

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:

General Information & Regulation

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.

General Information & Regulation
General Information & Regulation

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.

Market Instruments

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.

Account Types

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.

Trading Platform Available
Trading Platform Available

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.

Deposit & Withdrawal

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.

User Reviews

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3

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FX1258585322
more than one year
Scam. Alchemy Markets is a very big scam. I was more or less deceived to invest more money than I wanted to. Got some profits in the beginning. But when I wish to withdraw was I persuaded to make new trades to make more money. After that, all trades were lost...
2023-02-27 17:14
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0
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FX1185154381
more than one year
It's very strange, I can't open this company's website, my browser reminds me that this is a dangerous website... Is it a lie? This possibility cannot be ruled out.
2022-12-15 16:52
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0
1
FX1096593671
more than one year
I don't think Alchemy Markets is trustworthy when talking about forex broker.... It doesn't have any regulation, and I even see in the research section of wikifx that this company doesn't have an office at its stated address... maybe it's just a online scammer!!! I will not invest in this broker.
2022-12-02 17:37
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0
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