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ALCHEMY PRIME

United Kingdom|5-10 years|
Regulated in United Kingdom|Straight Through Processing(STP)|Suspicious Scope of Business|High potential risk|

https://www.alchemyprime.uk/home

Website

Rating Index

Contact

+44 2070978794
info@alchemymarkets.com
https://www.alchemyprime.uk/home
Unit 8, 74 Back Church Lane, London E1 1LX

Licenses

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

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1G

40G

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Contact number

English

+44 2070978794

Broker Information

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Company Name

Alchemy Prime Ltd.

Company Abbreviation

ALCHEMY PRIME

Platform registered country and region

United Kingdom

Company website

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WikiFX Risk Alerts 2
Previous Detection : 2024-04-22
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

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ALCHEMY PRIME · Company Summary

Aspect Information
Company Name ALCHEMY PRIME
Registered Country/Area UK
Founded Year 1978
Regulation Regulated byFCA
Minimum Deposit $5,000
Maximum Leverage Up to 1:200
Spreads From 0.3 pips for EUR/USD
Trading Platforms MT4 White Label platform
Tradable Assets Forex, stocks, commodities, cryptocurrencies, CFDs, futures
Account Types Classic, Premier, VIP account
Customer Support Phone: +44 2070978794 Email: support@alchemyprime.uk
Deposit & Withdrawal Wire transfers, RBS, VISA, MasterCard, Skrill and Neteller
Educational Resources Video tutorials, webinars, e-books, and market analysis reports

Overview of ALCHEMY PRIME

Established in 1978 and headquartered in London, UK, ALCHEMY PRIME stands as a Forex and CFD broker that extends its services to a diverse clientele, including private investors and institutional clients. The company's operations fall under the regulatory purview of the UK's esteemed Financial Conduct Authority (FCA), boasting a reputable straight-through license bearing the number 612233. This regulatory affiliation underscores the platform's unwavering commitment to providing secure and trustworthy services. Bolstered by decades of industry experience and a comprehensive array of trading offerings, ALCHEMY PRIME has firmly established itself as a prominent and respected presence within the trading arena.

Overview of ALCHEMY PRIME

Is ALCHEMY PRIME legit or a scam?

ALCHEMY PRIME operates under robust regulatory oversight, further enhancing its credibility and reliability as a trading platform. It is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, bearing the license number 612233. The entity responsible for overseeing ALCHEMY PRIME's operations is ALCHEMY PRIME LIMITED, with a regulatory status of “Straight Through Processing (STP).”

Is ALCHEMY PRIME legit or a scam?

Pros and Cons

First and foremost, it operates as a regulated trading platform, assuring traders of its compliance with industry standards and regulatory requirements. Furthermore, ALCHEMY PRIME provides access to a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies, provides ample opportunities for traders.

While ALCHEMY PRIME boasts numerous advantages, it's essential to consider certain limitations. Notably, the platform's cryptocurrency offerings, while available, may be somewhat limited in comparison to specialized crypto exchanges. Traders seeking a broader selection of cryptocurrencies for trading may find these limitations restrictive.

Pros Cons
Regulated Limited Cryptocurrency Options
Diverse Market Instruments Complex Fee Structure
Multiple Account Types
User-Friendly Trading Platform
Educational Resources
Responsive Customer Support

Market Instruments

ALCHEMY PRIME provides a wide array of tradable market instruments, encompassing CFDs and futures across various asset classes such as Forex, equity indices, precious metals, and cryptocurrencies.

Forex

ALCHEMY PRIME provides access to a diverse range of currency pairs in the Forex market. Traders can engage in trading major, minor, and exotic currency pairs with competitive pricing and execution.

Equity Indices

For those interested in equity indices, ALCHEMY PRIME offers opportunities to trade CFDs and futures on various global indices. This includes popular indices like the S&P 500, Dow Jones Industrial Average, and FTSE 100.

Precious Metals

ALCHEMY PRIME also caters to traders looking to diversify their portfolios with precious metals. The platform allows traders to trade CFDs and futures on precious metals such as gold and silver.

Cryptocurrencies

For cryptocurrency enthusiasts, ALCHEMY PRIME offers access to the world of digital assets. Traders can engage in cryptocurrency trading with CFDs and futures.

Market Instruments

Account Types

When it comes to accommodating traders with varying levels of experience and preferences, ALCHEMY PRIME excels by offering three distinct account types: Classics, Premier, and VIP. These account types are thoughtfully designed to cater to a wide range of traders, from novices to seasoned professionals.

Classic Account: A Stepping Stone

The Classic account is the entry point to the world of ALCHEMY PRIME trading. To open a Classic account, traders need to make a minimum deposit of $5,000. This account type provides an excellent starting point for those who are just beginning their trading journey.

Premier Account: Elevated Trading Opportunities

Stepping up the ladder, the Premier account offers traders a more advanced and feature-rich trading experience. To qualify for a Premier account, a minimum deposit of $10,000 is required. With this increased investment, traders gain access to enhanced benefits, such as lower spreads and additional tools.

VIP Account: Tailored for Elite Traders

For elite traders and institutional investors seeking the utmost sophistication and privileges, the VIP account is the pinnacle of ALCHEMY PRIME offerings. Opening a VIP account demands a substantial minimum deposit of $50,000. In return, traders are granted exclusive access to personalized services, premium trading conditions, and a dedicated account manager.

Aspect Classic account Premier account VIP account
Minimum Initial Deposit $5,000 $10,000 $50,000
Maximum Leverage Up to 1:200 Up to 1:200 Up to 1:200
Minimum Spread 0.3 pips for EUR/USD 0.3 pips for EUR/USD 0.3 pips for EUR/USD
Demo Account Available Available Available
Trading Tools Advanced Enhanced Premium
Customer Support Responsive Responsive Dedicated Account Manager

How to Open an Account?

Opening an account with Alchemy Prime is a straightforward process. Here are six clear steps to guide you through:

Step 1: Visit the Alchemy Prime Website

  • Start by visiting the official Alchemy Prime websitehttps://www.alchemyprime.uk/home

Step 2: Click on “Register” or “Open an Account”

  • On the homepage, look for a button that says “Register” or “Open an Account.” Click on it to initiate the account opening process.

Step 3: Complete the Registration Form

  • You will be directed to a registration form. Fill in all the required information accurately. This typically includes your name, email address, phone number, and password. Make sure to create a strong and secure password.

Step 4: Verify Your Identity

  • After completing the registration form, you may be required to verify your identity. Alchemy Prime follows regulatory guidelines and may ask for documents such as a copy of your ID or passport, proof of address, and potentially other verification documents.

Step 5: Choose Your Account Type

  • Alchemy Prime offers different account types, such as Classic, Premier, and VIP. Select the account type that best suits your trading preferences and financial capacity.

Step 6: Make Your Initial Deposit

  • Once your account is verified and you've chosen your account type, you'll need to make your initial deposit. The minimum deposit requirement varies depending on the chosen account type. Use one of the supported deposit methods to fund your account, such as bank transfers, credit/debit cards, or electronic payment systems.

How to Open an Account?

Leverage

Alchemy Prime provides a dynamic range of options across its account types. Whether you are trading with a Classic, Premier, or VIP account, you can access a maximum leverage of up to 1:200. This means that for every $1 in your trading account, you can potentially control a position worth up to $200 in the market.

The flexibility of up to 1:200 leverage allows traders to optimize their strategies and manage their risk exposure according to their individual preferences and trading goals.

Aspect Classic Premier VIP
Maximum Leverage Up to 1:200 Up to 1:200 Up to 1:200

Spreads &Commissions

At Alchemy Prime, regardless of whether you hold a Classic, Premier, or VIP account, you can expect to benefit from consistently competitive spreads. The minimum spread for the popular EUR/USD currency pair remains as low as 0.3 pips across all account types.

Aspect Classic account Premier account VIP account
Minimum Spread 0.3 pips for EUR/USD 0.3 pips for EUR/USD 0.3 pips for EUR/USD
Spreads &Commissions

Trading Platform

For brokerages and financial institutions seeking to establish or expand their foothold in the competitive Forex and CFD markets, MT4 White Label platform solutions offer a strategic pathway. This cost-effective approach allows organizations to provide clients with a branded MT4 client platform, complete with their distinctive logo and corporate identity.

Trading Platform

Key Features of MT4 White Label Solutions:

  1. Personal MT4 Manager Program: Designed to enhance client management, the MT4 Manager program empowers organizations with comprehensive control, facilitating a seamless and personalized trading experience tailored to individual client needs.

  2. MAM (Multi-Account Manager) Tool: For Money Managers, a user-friendly MAM tool simplifies the management of multiple accounts, ensuring efficient and accurate execution of trading strategies.

  3. Online Technical Spreadsheet: A user-friendly online technical spreadsheet allows organizations to conveniently request updates to trading settings as necessary, streamlining operational processes.

In terms of pricing, a transparent fee structure is in place:

  • Setup Fee: A one-time cost, typically in the range of $5,000.

  • Monthly Fee: Typically set at around $1,000, excluding mobile platform services.

  • Mobile Platform: Organizations often have the option to waive the setup fee (no charge), with a monthly fee of $1,000 available upon request.

Trading Platform

Deposit & Withdrawal

ALCHEMY PRIME caters to the diverse needs of its clients by offering a wide range of deposit and withdrawal channels. These include wire transfers, RBS, VISA, MasterCard, Skrill, and Neteller, providing you with the flexibility to manage your funds according to your preferences.

It's important to note that the minimum deposit requirements can vary depending on the type of trading account you choose. Here's a breakdown of the minimum initial deposit requirements for each account type:

  • Classic Account: To open a Classic account, a minimum deposit of $5,000 is required, providing you access to a comprehensive suite of trading features.

  • Premier Account: For those seeking an enhanced trading experience, the Premier account demands a minimum initial deposit of $10,000, offering even greater opportunities and advantages.

  • VIP Account: The VIP account, tailored for elite traders and institutions, sets a high bar with a minimum initial deposit of $50,000. This account type comes with personalized services and premium conditions.

Aspect Classic account Premier account VIP account
Minimum Initial Deposit $5,000 $10,000 $50,000
Deposit & Withdrawal

Customer Support

ALCHEMY PRIME places a strong emphasis on providing responsive customer support to assist users with their queries and concerns. You can reach out to their support team via email, live chat, or phone during designated hours. The platform's customer support professionals are knowledgeable and ready to help you navigate your trading journey.

Phone: +44 2070978794

Email: support@alchemyprime.uk

Customer Support

Educational Resources

To empower traders with the knowledge and skills necessary for success, ALCHEMY PRIME offers a range of educational resources. These resources may include video tutorials, webinars, e-books, and market analysis reports. Whether you're a beginner looking to learn the basics or an experienced trader seeking advanced strategies, ALCHEMY PRIME's educational materials have you covered.

Conclusion

In the realm of online trading platforms, ALCHEMY PRIME stands as a reputable and regulated option, offering a diverse range of market instruments, account types, and a user-friendly trading platform. While ALCHEMY PRIME boasts numerous advantages, it's essential to consider certain limitations. Notably, the platform's cryptocurrency offerings, while available, may be somewhat limited in comparison to specialized crypto exchanges. Traders seeking a broader selection of cryptocurrencies for trading may find these limitations restrictive.

FAQs

Q: What is the minimum deposit to open an account with Alchemy Prime?

A: The minimum deposit varies on account type, starting from $5000

Q: What is the leverage available for margin trading on Alchemy Prime?

A: Alchemy Prime offers leverage up to 200x for margin trading.

Q: Is Alchemy Prime regulated ?

A: Yes, it's regulated by the FCA.

Q: What are the deposit and withdrawal methods supported by Alchemy Prime?

A: Alchemy Prime supports a variety of deposit and withdrawal methods, including Credit card, Bank transfer Cryptocurrencies

Q: What are the customer support hours for Alchemy Prime?

A: Customer support is available 24/7 through email and live chat.

User Reviews

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Dantistatic
more than one year
My interaction with ALCHEMY PRIME has been extremely distressing. Overt signs of a fraud platform are evident, witnessed in their inability to process withdrawals and their non-existent registered address. I have suffered from not only failed withdrawals but also a total lack of contact from their end. To make matters worse, their usage of a non-existent address further seals their fraudulent identity. In addition, they've operated a Ponzi Scheme, misleading investors to contribute more funds with the promise of high returns. Alarmingly, the firm does not even provide MT4 access, a fundamental platform used extensively in forex trading. I strongly urge others to steer clear of Alchemy Prime to avoid falling victim to their deceitful practices.
2023-12-13 15:48
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马林
more than one year
ALCHEMY PRIME claims to be registered in the UK and regulated by the FCA, but their address has no office! It's kind of astonishing.
2023-03-01 10:07
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Xiiao Xiao
more than one year
I traded with this broker two years ago, and there were no big problems, so i was quite satisfied with this broker that time. Just yesterday, my friend Albert told me that he was scammed by this broker. I have to say that everything keeps changing…
2022-12-06 12:22
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小莉【10月飞普吉岛
more than one year
The minimum deposit is too high, an outrageous level and I think it is a company that is very hostile to newbies. And there is an additional and high fee to use the MT4 platform, what an outrage.
2022-11-27 11:11
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0
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FX1043416457
more than one year
I don’t recommend this broker. The minimum deposit amount is extremely high than I have ever seen before. What’s worse is that if you want to trade with them on their mt4 platform, you will have to pay a $5,000 setup fee and a $1,000 monthly fee.
2022-11-24 18:01
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0
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鲸涛
more than one year
Its trading conditions seem pretty good, but I saw many negative reviews? A Ponzi scheme? giving no access to withdrawals? I’m 100% sure it is not the broker I’m looking for…this kind of brokers are the most troublesome and exhausting…
2022-11-24 14:13
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