Global Forex Broker Regulatory Inquiry APP


5.17 /10


United Kingdom

5-10 years

Regulated in United Kingdom

Straight Through Processing(STP)

Suspicious Scope of Business

High potential risk

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Quantity 3


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License Index 5.50
Business Index 7.80
Risk Management Index 0.00
Software Index 5.69
Regulatory Index 5.47
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Contact number


+44 2070978794

Broker Information


Company Name

Alchemy Prime Ltd.

Company Abbreviation


Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint


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WikiFX Risk Alerts 2
Previous Detection : 2023-06-06
  • 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!

WikiFX Verification

Pyramid scheme complaint
ALCHEMY PRIME · Company summary

General Information & Regulation

Founded in 1978 by a group of traders and based in London, UK, Alchemy Markets Prime is a Forex and CFD broker offering online solutions to private investors and institutional clients. Alchemy Markets Prime currently holds a straight-through license from the UK FCA under license number 612233.

Market Instruments

Alchemy Markets Prime provides investors with trading services for CFDs and futures on Forex, equity indices, commodities, precious metals, cryptocurrencies, all priced and executed in accordance with London LD4, New York NY4, and Tokyo TY3.

Alchemy Markets Client Base

The main client groups covered by Alchemy Markets Prime are brokers, hedge fund and fund managers, banks, and professional traders.

Alchemy Markets Minimum Deposit

Alchemy Markets Prime offers three different trading accounts, namely Classics, Premier, and VIP accounts. All three accounts have a high minimum initial deposit of $5,000 for the Classic account, $10,000 for the Premier account, and $50,000 for the VIP account, respctively. The maximum trading leverage is up to 1:30 for the Classic account, 1:200 for the Premium account, and flexible leverage applied for the VIP account.

Spreads & Commissions

Alchemy Markets official website display some real-time spreads for some currency pairs, such as EURUSD with a minimum spread of 0.3 pips, USDJPY 0.4 pips, GBPUSD 0.9 pips, AUDUSD 0.5 pips, NZDUSD 0.7 pips, and EUR/JPY 0.6 pips. For more details on the spreads, see the Alchemy Prime Markets website.


Alchemy Markets Trading Platform

Alchemy Markets Prime offers a white label MT4 trading platform solution for brokers and other financial institutions looking to build and grow their Forex and CFD business. The platform setup fee is $5,000, and the monthly fee is $1,000 (excluding mobile platforms); the mobile platform setup fee is $0, and the monthly fee is $1,000 (available upon request).

Deposit and Withdrawal

Alchemy Markets Prime supports traders to deposit and withdraw funds to their investment accounts via wire transfer, RBS, VISA, MasterCard, Skrill, and Neteller payment methods. The minimum deposit for the wire transfer method is $100.

Customer Support

The Alchemy Markets customer support can be reached through telephone, email as well as some social media platform including Twitter, Facebook and Instagram.

User Reviews

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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
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
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
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
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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