Alchemy Markets

Alchemy Markets Review

Overview
Founded in 2017, Alchemy Markets is a brokerage company registered in Seychelles. It claims to provide trading services across multiple asset classes, including Forex, Commodities, Indices, Cryptocurrencies, Stocks, and ETFs. The broker offers a demo account for practice, along with three types of live accounts: Classic, Premier, and VIP.

However, the company only operates one very simple website with limited details about its services, background, and trading conditions. The lack of transparency raises concerns about its overall reliability.

• Founded: 2017

• Registered Country/Region: Seychelles

• Regulation: MFSA, FSA (offshore), FCA (suspicious clone)

• Tradable Instruments: Forex, Commodities, Indices, Cryptocurrencies, Stocks, ETFs

• Demo Account: Available

• Live Accounts: Classic, Premier, VIP

• Trading Platforms: MetaTrader, FIX API (unverified)

• Customer Support: Live chat, WhatsApp, Telegram, Facebook, Twitter, LinkedIn

• Registered Address: CT House, Office 2C, Providence, Mahe, Seychelles

• Restricted Regions: European Union, United States

Regulation and Legitimacy

Alchemy Markets claims regulation under three authorities:

• MFSA (Malta Financial Services Authority) – Regulated

  • Entity: Alchemy Markets Ltd.

  • License Type: Market Maker (MM)

  • License No.: C56519

• FSA (Seychelles Financial Services Authority) – Offshore Regulated

  • Entity: Alchemy International Ltd.

  • License Type: Retail Forex License

  • License No.: SD136

• FCA (Financial Conduct Authority, UK) – Suspicious Clone

  • Entity: Alchemy Prime Limited

  • License Type: Straight Through Processing (STP)

  • License No.: 612233

While Alchemy Markets is legitimately regulated by the MFSA, the FSA license is offshore only, and the FCA authorization appears to be a suspected clone. This means its regulatory credibility is questionable, and traders should exercise extreme caution.

Pros and Cons

Pros

• Regulated by MFSA (Malta)

• Demo accounts available

Cons

• Offshore regulation under Seychelles FSA

• FCA license flagged as suspicious clone

• Poor transparency and lack of details on trading conditions

Market Instruments
Alchemy Markets supports the following instruments:

• Forex

• Commodities

• Indices

• Cryptocurrencies

• Stocks

• ETFs

Account Types

The broker advertises three live account types: Classic, Premier, and VIP, all commission-free. A demo account is also available for practice. Unfortunately, no detailed information about spreads, leverage, or specific features is provided on its website.

Trading Platforms

Alchemy Markets claims to provide access to MetaTrader and FIX API platforms. However, there are no download links or supporting information on its website, making it difficult to verify whether these platforms are genuinely offered.