Alchemy markets review: Are they a top firm?
This review compares the up-and-coming Alchemy Markets with top brokers in the forex industry to help you decide if they’re the right broker for you.
As a trader, choosing the right broker is an important first step in your journey. Not only does this define the security of your funds, but it also affects your overall profitability over time with factors like trading conditions and transaction fees.
Ideally, you want to look for a trusted broker that is STP (Straight-Through-Processing) or ECN (Electronic Communication Network) with low transaction fees and fast execution speeds.
So how well does Alchemy Markets stack up to the test? Let’s find out.
Alchemy Markets details
| Alchemy Markets Ltd / Alchemy Global Limited | |
| Based in | UK |
| Founded | 2017 |
| Broker Type | STP, CFD |
| Company Registration ID | C/56519 (Malta), SD136 (Seychelles) |
| Regulator License No. | IS/56519 (Malta), 8429852-1 (Seychelles) |
| Regulation | MFSA, FSA |
| Eligible Clients | Global except U.S. and Iceland Citizens |
What is Alchemy Markets?
Alchemy Markets is an STP broker based in the UK. They are authorised in Malta and Seychelles, and have a strict adherence to the Investment Services Act (under CAP.370 of the Laws of Malta).
While not many traders have heard of them, Alchemy Markets offers a full range of products and services you would expect from a top tier broker. The standout features are low spreads, zero to low commissions, and availability of raw spreads.
Alchemy Markets has over 300+ symbols to trade across more than 10 categories, including Forex, Stocks, Crypto, Indices, Futures, and ETFs. There is a minimum deposit of $100 to start live trading with Alchemy Markets (Standard Account).
Alchemy Markets compared
| Alchemy Markets | Pepperstone | eToro | |
| Minimum Deposit | $100 | $0 | $10 – $500 depending on deposit method |
| Trading Symbols | 300+ | 180+ | 5000+ |
| Asset Classes | 10+ | 8 | 6 |
| Minimum Spreads | EUR/USD = 0.2 Pips | EUR/USD = 0.1 Pips | EUR/USD = 1.0 pips |
| Commissions | No commissions on Trading FX, Metals, Indices (Non-VIP) | No commissions on all available assets (Standard) | No commissions on ETFs and Stocks |
| Raw spreads | For VIP Accounts | For Razor Accounts | Unavailable |
| Execution Speeds | Standard execution speed for Forex brokers is 100ms (0.1s) or less. | ||
| As fast as <10ms or lower | As fast as <30ms or lower | Unspecified | |
| Leverage | Up to 500:1 for eligible clients | Up to 500:1 for eligible clients | Up to 30:1 for retail clients |
| Trading Platform | MT5, FIX API | MT4, MT5, cTrader | Proprietary platform |
| Regulation | MFSA, FSA | ASIC, FCA, DFSA, SCB | CySEC, FCA, ASIC, and others |
| Customer Support | 24/5 | 24/5 | 24/5 |
| Special Features | TradingCentral and FXBlue tools, Copytrading, Commission-Free Trading, Raw Spreads | Smart Trader tools, Copytrading, Raw Spreads (Razor Account) | Copytrading, CopyPortfolio, Raw Spreads |
| Client Protection | MiFID framework | MiFID framework | MiFID framework |
Notable comparisons
Alchemy Markets has 0.2 minimum spreads, which is comparable with other top-tier brokers like Pepperstone. It also excels in this category against eToro, which has a user base of 31.4M users as of 2024.
Like Pepperstone, Alchemy Markets supports trading with raw spreads, which allows clients to trade with as little spreads as possible (going as low as 0.0 pips with Alchemy Markets).
Most notably, Alchemy Markets has the fastest STP trade execution speeds among the three. Clients can set up a FIX API to access incredibly fast trading speeds, stable connections, and trade on a custom interface for a more personalised experience.
Verdict: Should you trade with Alchemy Markets? 👍
When put to the test, Alchemy Markets holds up as an excellent STP broker with trading conditions rivalling the top Forex brokers in the industry.
They are regulated under MFSA and FSA, which lends credibility to their legitimacy. Should you suspect any foul play, you may file a complaint to MFSA or FSA with the details below:
| Company Registration No. | Regulator License No. | |
| MFSA Malta Financial Services Authority | C/56519 | IS/56519 |
| FSA Financial Services Authority Seychelles | SD136 | 8429852-1 |
Overall, Alchemy Markets is worth your consideration. Their trading costs, high speed, and transparent, STP trading environment make for a premium trading experience.
Alchemy markets account types
Alchemy Markets has four different account types to choose from, depending on your trading needs.
| Details | |
| Demo Account | Trade with the same conditions as Classic |
| Standard Account Min. Deposit $100 |
Tight, institutional spreads No commissions on trading FX, Metals, Index Funds Suitable for all traders |
| Classic Account Min. Deposit $1000 | |
| Premier Account Min. Deposit $5000 | |
| VIP Account Min. Deposit $50,000 | Raw spreads $4 commissions per lot round-turn No commissions on trading Index Funds Suitable for traders with large funds |
Partnership with tier-one liquidity providers
Alchemy Markets is partnered with 20+ tier-one banks, non-banks, and cryptocurrency exchanges to provide top-tier liquidity conditions.
This wide array of liquidity partners ensures that Alchemy Markets’ clients are privileged to some of the tightest bid/ask spreads in the market. Additionally, a deep liquidity pool protects clients from losing funds in flash crashes such as the Bitmex flash crash of Bitcoin to 8.9K on March 18th, 2024.
Alchemy Markets Price Feed | 
BitMex Price Feed |
FAQs
Why are STP or ECN brokers more reliable?
STP (Straight-Through-Processing) and ECN (Electronic Communication Network) brokers are generally more reliable due to their earning structure. They earn from clients trading more, regardless of whether clients are winning or losing trades. This promotes a more transparent trading environment, no B booking, and no interference with your trades via artificial delays, inflation of spreads etc.
What are raw spreads?
Raw spreads are real-time, unaltered bids and ask prices available in the market from liquidity providers. Trading with raw spreads typically incurs broker commission fees.
