Alchemy Markets Review 2026

Trust

Is Alchemy Markets Regulated?

When reviewing a broker, we examine how each of its entities is regulated and assess how effectively they protect clients. We use a three-tier system to rank regulatory bodies, with Tier-1 being the most trusted and offering the highest level of protection.

This is what I discovered about the three entities operating under the Alchemy Markets brand:

• Alchemy International Ltd is licensed and regulated by the Seychelles Financial Services Authority (FSA), license number SD136. We rate Seychelles FSA as a Tier-3 regulator.
• Alchemy Markets Ltd is licensed and regulated by the Malta Financial Services Authority (MFSA), registration code C 56519. We rate MFSA as a Tier-1 regulator.
• Alchemy Prime Limited is licensed and regulated by the UK Financial Conduct Authority (FCA), reference number 612233. We rate the UK FCA as a Tier-1 regulator.

How Does Alchemy Markets Protect You

Brokers operate multiple entities to serve clients globally, yet regulatory protections vary by jurisdiction. Some regulators enforce strict financial standards, while others are more lenient. Traders should understand the protection offered by the entity where they intend to open an account.

• Segregation of Client Funds: Keeping client funds in segregated bank accounts separate from those used for the broker’s corporate capital protects clients in the event of broker insolvency. All of Alchemy Markets’ entities ensure this.
• Negative Balance Protection: This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. All Alchemy Markets entities provide negative balance protection.
• Compensation Scheme: A compensation scheme protects retail traders against the broker’s liabilities in the unlikely event that the company becomes insolvent. Clients of Alchemy Prime Limited are insured under the Financial Services Compensation Scheme (FSCS) for up to £85,000, and clients of Alchemy Markets Ltd benefit from insurance of up to €20,000 from the Investor Compensation Fund (ICF). Clients of the offshore entity (Alchemy International Ltd) do not have account insurance.

Stability and Transparency

In our Trust category tests, we also cover factors related to stability and transparency. Here, we focus on the broker’s operating history, size, and overall credibility.

Founded in 2016, Alchemy Markets has a solid 10-year operating history. The company is headquartered in Malta and reports having 201 to 500 employees worldwide.

I found the company to be transparent overall, and during my review, I was able to easily find key information. The About Us page covers the company’s background; commissions are covered in the Accounts section; regulatory info is listed in the website footer, and the finer details can be found in the Legal Documents section.

Is Alchemy Markets Safe to Trade With?

To conclude, I rate Alchemy Markets as having a better than average level of trustworthiness and stability due to the following factors:

✅ Two entities licensed by top-tier regulators

✅ Substantial operating history.

✅ Fair level of transparency

✅ Client funds are segregated

✅ Negative balance protection

❌ Accounts at the offshore entity are not insured

Fees

Alchemy Markets Trading Fees

Alchemy Markets Spreads

I tested the spreads at Alchemy Markets during the London open and just after the New York open on 24 March 2026. At these times, the market is typically highly liquid with the tightest spreads.

My tests showed that pricing is most competitive in indices, with both the DAX 40 and Dow 30 beating industry averages. Commodities are closer to the benchmark, while spreads in shares and crypto are very tight, but the additional commission brings the cost much higher.

Commissions

In addition to spreads, Alchemy Markets charges commissions on crypto, shares, and futures that vary by account type:

Let’s consider an example in Apple (AAPL). If you were trading 100 shares of AAPL, you would need to pay the spread of 9 cents, plus 0.0035 of the total value of the trade. If AAPL is trading at $255, the round-trip cost of the trade would be 9 cents x 100 ($9) plus $89.25 (total value of 25,500 x 0.0035), equaling $98.25. This is quite a hefty commission.

Alchemy Markets Swap Fees

In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract.

In forex, a full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair), or 100 ounces in the case of gold. The swap rates were recorded on 6 February 2026.

According to my research, the swap fees are fairly average for the industry.

Alchemy Markets Non-Trading Fees

Alchemy Markets charges a fee of $30 per month (or the equivalent in your base currency) after 3 consecutive months of inactivity. This is more expensive than industry norms.

Are Alchemy Markets’ Fees Competitive?

To help you understand how much you’ll pay to trade each instrument, I calculated the cost of trade using the formula: spread rate x pip value + commission rate (swaps are not included).

I found that Alchemy Markets presents a mixed bag when it comes to fees via the Classic account, based on the following key points:

• Better than average trading costs in indices, while other assets are way more expensive than the benchmark when commissions are factored in.
• Average swap fees for traders holding overnight positions.
• Higher than average inactivity fee after a short window of time.
• More competitive costs are available via the Premier and VIP accounts. However, they come with much higher minimum deposits.

Platforms and Tools

Alchemy Markets MetaTrader 4 Desktop Platform

Alchemy Markets offers the MetaTrader 4 platform, which includes advanced functions such as automated trading.

MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features, including the following:

• Alerts: This feature updates traders when an instrument reaches a specific price level.
• Watchlists: Traders can create a list of their favorite instruments and follow live quotes in a market watch panel.
• One-Click Trading: This feature allows traders to execute orders with a single click and no secondary confirmation. This feature enables traders to operate faster and is especially useful for short-term traders.
• Trading from the Chart: MT4 also allows users to trade directly from the chart.

Charts

MT4 charting features are advanced and include:

• 30 Technical Indicators: These include classic trend indicators, volume indicators, and oscillators.
• 23 Analytical Objects: These include lines, channels, Gann, and Fibonacci tools.
• 9 Time Frames: Traders can choose from nine time frames, from one minute to one month.
• 3 Chart Types: Traders can use Bar Charts, Japanese Candlestick Charts, and Line Charts.

I ran my tests, using my preferred chart type (Candlesticks), which you can customize by color and background, and with popular indicators like Bollinger Bands and MACD.

Orders

MetaTrader also delivers when it comes to the range of available order types. The platform offers these order types:

• Market Order: Traders use market orders to buy or sell an instrument at the best current price.
• Limit Order: Traders use limit orders to buy or sell an instrument at a specified price or better.
• Stop Loss Order: Traders use stop-loss orders to buy or sell an instrument when its price reaches a specified level.
• Trailing Stop Order: Traders use trailing stop-loss orders as a stop-loss order at a defined percentage or dollar amount away from an instrument’s current market price. This order type allows traders to secure profits when they are in a winning trade without having to exit the position.

MetaTrader 4 Desktop Platform: My Key Takeaways

As one of the most popular trading platforms in the world and the only one offered by many forex brokers, I have spent a lot of time testing MT4. The platform’s look and feel are a bit dated, and I feel there is room for improvement in design and usability.

Still, MT4 is a highly versatile platform that outperforms many competitors. It offers advanced charting, a comprehensive range of order types, and popular features such as one-click trading, trading directly from charts, and customizable alerts.

Its desktop platform stands out with advanced features, including the ability to run and backtest automated strategies, making it a powerful tool for skilled traders. However, its steep learning curve makes it better suited to experienced traders than to beginners.

MT4 Mobile App

Alchemy Markets offers the MetaTrader 4 mobile app for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart.

Charting within the app offers:

• 30 Indicators: including trend indicators, oscillators, and volume.
• 24 drawing tools/objects: including trendlines, Fibonacci retracement, and channels.
• 9 timeframes: from 1 minute to 1 month.
• 3 chart types: line chart, bar chart, candlestick chart.

The MT4 app also provides standard order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop.

To change the language in the MT4 app, you must set your phone’s language.

MT4 Mobile App: My Key Takeaways

As with the desktop platforms, the MT4 app’s interface is not highly intuitive, but it offers a solid range of features. I rate it as a reliable option for placing trades and managing your account on the go.

Alchemy Markets Order Execution Model

Like all CFD brokers, Alchemy Markets is the contractual counterparty to client trades. It describes itself as a Straight Through Processing (STP) broker operating an A-book risk model, meaning it typically hedges client positions externally with liquidity providers such as banks or prime brokers. In practice, this reduces potential conflicts of interest compared to a B-book model, where the broker keeps client trades in-house and may profit when they lose.

Tradable Instruments

Compared to the industry, Alchemy Markets offers above-average coverage in forex, commodities, indices, and especially crypto. However, there is room for improvement in shares and ETFs.

What CFDs Can You Trade with Alchemy Markets?

To better illustrate the range of instruments available at Alchemy Markets, I compiled samples from various asset classes below:

Customer Support

Customer Support Channels

Alchemy Markets Customer Support Test

I tested Alchemy Markets’ customer support with dozens of questions covering platforms, fees, and account-related issues. Via email, I typically received replies within a day. Via live chat, I reached a human operator within a minute or two. Answers were generally clear and thorough. But when I called the Seychelles number, I couldn’t reach an operator.

Deposit and Withdrawal

Note: I haven’t deposited real funds for the purposes of this review.

How Do You Deposit Money with Alchemy Markets

According to Alchemy Marlets’ website, Apple Pay, Google Pay, and credit cards offer the optimal combination of instant processing and zero fees. Bank transfers are free but slower, while Skrill and Neteller are instant but charge a 2.9% fee, making them less cost-effective.

How Do You Withdraw Money from Alchemy Markets

I found that most withdrawal methods are relatively fast, at up to 1 working day, while bank transfers are a slower option and come with a fixed fee. I consider credit cards, Apple Pay, Google Pay, and crypto the best value options because they combine zero fees and fast processing. Again, Skrill and Neteller have the 2.9% fee, which is a drawback.

Account Types and Terms

How to Open an Account with Alchemy Markets

Opening a live account with Alchemy International Ltd is a quick online process that can be completed within a few minutes. You need to provide the following information:

• Personal details: Name, email, country of residence, phone number, date of birth
• Documents: Proof of ID (Passport, driver’s license), proof of residence (utility bill, tax bill)

In my experience, this short account registration process is typical when you are signing up with an offshore entity. I opened a demo account that required only basic personal details.

Alchemy Markets Account Types

Accounts differ mainly in the required initial deposit size and in pricing. Classic and Premier accounts offer variable spreads, while the VIP account provides access to raw spreads for high-volume traders. The account minimums are among the highest I have encountered in my reviews, which might be a serious dealbreaker for casual and beginner traders.

Demo Account

Alchemy Markets offers demo accounts via MetaTrader. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.

The demo account features live quotes and simulates real market conditions for assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo, they can easily switch to a live account.

Swap-Free (Islamic) Accounts

Alchemy Markets offers a swap-free account for traders who follow Sharia law. The account removes overnight interest charges while still providing access to the broker’s platforms and core trading features.

What Leverage Does Alchemy Markets Offer?

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

For the Alchemy International Ltd entity, the maximum leverage is 1:500 (verified April 2026). This means that with an account of $1,000, you can control up to $50,000 worth of positions in the market. For an offshore broker entity, this level of leverage is fairly standard. While it can increase potential returns, it also significantly raises risk.

Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders should keep in mind that it can amplify both their profits and their losses.

Alchemy Markets’ leverage varies by asset class, as illustrated in the following table:

Alchemy Markets Restricted Countries

Alchemy Markets does not offer services to residents or any other country where such distribution or use would be contrary to local law or regulation, such as Russia, Ukraine, Iran, the USA, and Malaysia.

Research

The Market Insights section at Alchemy Markets is a research hub focused on short-term analysis, technical setups, and macro-driven commentary. With actionable ideas, the analysis is best suited to active traders, like day traders, scalpers, and news traders.

Themed reports like ‘Chart of the Day’, ‘Weekly Outlook’, and ‘Opening Bell’ include a mix of technical analysis and fundamental drivers like central bank policy and economic releases. Reports cover a broad range of assets, including forex, commodities, indices, and crypto. I liked that the analysis goes beyond the theoretical to provide actionable trading ideas.

Alchemy Markets clients can access Trading Central research within the client portal. The Technical Views section offers bullish or bearish setups with key levels, Market Buzz tracks real-time news and social sentiment to highlight trending assets, and Featured Ideas provides trade ideas based on chart patterns.

Alchemy Markets clients can also access MetaTrader tools from FXBlue that enhance trading with sentiment analysis, correlation data, and faster execution. MetaTrader add-ons like Market Manager help to better manage trades in real time, while the Correlation Matrix allows you to analyze asset correlations instantly.

Alchemy Markets Research: My Key Takeaways

Alchemy Markets provides a well-rounded research offering, combining in-house analysis with Trading Central research and FXBlue tools. The focus is on actionable trading ideas, key price levels, and macro-driven catalysts, geared towards active, short-term traders. I especially liked focused reports like the Chart of the Day and practical tools like the Correlation Matrix MetaTrader add-on.

Education

I went over the Candlesticks section at Alchemy Markets and found that it does an excellent job of explaining how to read price action using candlestick patterns like the Harami and Shooting Star. It shows how to identify potential price reversals and continuations, and how to use other technical indicators to improve accuracy.

Materials include in-depth, practical guides to improve your trading. For example, the Volume Footprint Chart Complete Guide shows how traders can analyze buying and selling activity at each price level to better understand market behavior and identify potential reversals and breakouts.

Alchemy Markets also offers regular live webinars on topics like trading gold, covering the macro backdrop, key market drivers, and major price levels to watch.

The Bottom Line

Malta-based Alchemy Markets is an established CFD broker that launched in 2016. It offers the popular MetaTrader 4, MetaTrader 5, and TradingView platforms but lacks a proprietary option.

Perks include free VPS hosting, FIX API, research from Trading Central, and MetaTrader add-ons from FXBlue. The broker offers a wide range of CFD assets, notably strong in forex and crypto, but leaving room for improvement in shares.

Client protections such as segregated funds and negative balance protection are in place across all three of its entities, although compensation schemes are limited to UK and EU clients. Overall, I found the broker to be reasonably transparent in key areas like regulation and trading costs.

Fees are mixed and depend on the account type. While index pricing is competitive and raw spreads are available on the VIP account, the Classic account trading costs are mostly more expensive than average. Commissions on shares, crypto, and futures are substantial. Swap fees are broadly in line with the industry, but the inactivity fee is high.

Overall, I rate Alchemy Markets as best suited to experienced traders, including day traders, scalpers, and algo traders who can take full advantage of its advanced platforms and tools. While it’s not a good fit for long-term investors looking for access to traditional assets like real stocks and ETFs, it offers a solid trading environment for active, short-term CFD traders.

What I Did not Test

Please note that for this review of Alchemy Markets, I did not use live accounts to test spreads or deposit/withdraw real capital. My tests were also limited to the MetaTrader 4 platform.