Alchemy Markets Review: Avoid This Broker at Any Cost

Alchemy Markets

The alluringly named Alchemy Markets claims to hold a license from the FCA and to be headquartered in the UK. This mysterious broker offers trading in forex and CFDs through the widely-used MetaTrader4 platform. 

However, one must exercise caution when dealing with such shadowy entities, as even a license cannot fully erase suspicions. To make an informed decision about trading with Alchemy Markets, it is crucial to thoroughly investigate it. Delve deeper into the enigma through our Alchemy Markets review, and emerge with a clear understanding of what lies beneath its shiny exterior.

What’s more, we strongly recommend that you avoid the fraudulent brokers Tradebitoptions and GP Finance.

Broker Status:Regulated/Offshore
Regulated by: FCA
Operating Status: Active
Scammers Websites: Alchemymarkets.Com
Blacklisted as a Scam by:CNMV, FSMA
Broker Owner: GBE Capital Limited
Headquarters Country:Belize
Foundation Year: 1978
Online Trading Platforms:MT4, MT5
Mobile Trading: Yes
CoinRise Minimum Deposit:1.000$
Deposit Bonus: $30
Crypto Asset Trading:Yes
CFD Trading Option:Yes
Available Trading Instruments:FX, Crypto, Stocks, Indices, ETF
Maximum Leverage:up to 1:30
Islamic Account: n/a
Free Demo Account: Yes
Accepts US clients:Yes
Warning: CNMV, FSMA

Regulation and Fund Security of Alchemy Markets

Alchemy Markets is a part of GBE Capital Limited and holds a regulation by the UK Financial Conduct Authority (FCA). The broker may seem credible. However, one must approach it with caution, as the fact remains that its true nature is shrouded in mystery.

Despite being an FCA-licensed company, it is vital to note that Alchemy Markets is not excused from stringent regulations. The FCA requires all licensed brokerages to maintain net tangible assets of at least €730,000 and abide by various protocols. 

CNMV warning on Alchemy Markets

These protocols include the holding of clients’ funds in segregated accounts and the regular reporting of client transactions. Moreover, FCA-regulated firms fall under the protection of the Financial Services Compensation Scheme (FSCS), safeguarding consumers up to £50,000 per individual.

As a further protective measure, UK brokers are obligated to provide Negative Balance Protection. This means that in the event of your account going into negative due to trading activity, your account will be credited to a zero balance. 

Although this requirement has been introduced on an EU level, it is expected to continue, along with the limitations on leverage and other measures put in place by ESMA in 2018, even after the UK’s departure from the Union.

All in all, while the FCA authorization may suggest reliability, one should remain wary when dealing with brokers such as Alchemy Markets. Always thoroughly investigate policies and practices to ensure that your investment is secure.

CNMV Warning

The Spanish National Securities Market Commission (CNMV) has warned about the dubious practices of Alchemy Markets, which is a part of the Alchemy Group which also includes FXPIG in Vanuatu and Alchemy Prime. It is a common occurrence for these types of global broker networks to use the same brand and trading style on different domains and websites. This is often with the intention of misleading customers.

Unfortunately, Alchemy Markets is no exception to this rule, and their deceitful tactics have caught the attention of the CNMV.

Trading Platform Available

Alchemy Markets Trading Platform

Alchemy Markets claims to offer seamless access to the global financial markets via MetaTrader4 (MT4). While MT4 is popular among the online trading community for its stability, Alchemy Markets should still be approached with caution due to its questionable reputation.

MT4 boasts an impressive array of features, including the ability to fully automate trades with a variety of expert advisors, top-of-the-line charting with numerous technical indicators, extensive back-testing capabilities, and a range of customization options. The platform is available in various formats, such as desktop, web versions, and mobile applications.

Despite the allure of MT4, it is important to exercise caution when dealing with brokers such as Alchemy Markets. Conduct thorough research and due diligence to ensure that your investment is secure and that the broker is reputable and trustworthy. Don’t let the flashy platform and promises of automated trading distract you from potential risks.

Account Types Offered

Alchemy Markets Account Types

Alchemy Markets offers three different types of accounts for traders – Classic, Premier, and VIP. Each of these is allegedly tailored to meet the unique needs of different trading styles and preferences.

Please remember that there is a warning against this broker. It is not as good as it appears to be. Stay safe and do your research. 

How Does The Con Actually Work?

Falling victim to a fake broker is a harrowing experience that can happen to anyone, especially when dealing with brokers who blur the line between friend and foe. These scammers often employ sophisticated tactics that are hard to detect, leading to significant financial losses. It’s crucial to exercise caution and seek expert advice to avoid falling into their traps.

It all starts with flashy online ads. However, before long, these scammers make contact by phone, using their charming and persuasive personalities to push users into depositing funds. Once the money is in, the real game begins, with the scammer’s goal to keep the user hooked and slowly drain their account. 

Unfortunately, it may take several deposits for victims to realize they’ve been duped. At that point, the broker will cut off all communication and refuse to honor any withdrawal requests. Stay vigilant, stay smart, and always seek professional advice before investing your hard-earned money.

Deposit and Withdrawal Methods

At Alchemy Markets, you can open a Classic Account with 1.000$. However, this might seem high as many FX brokers start with an initial investment of $100 – $250, and some even lower. 

It’s essential to carefully consider your investment goals and budget before choosing a broker. While some brokers may require a higher initial deposit, they may offer other benefits like lower trading fees or better market access.

Top Forex Brokers

Kindly refer to the table below for some of the top-rated forex brokers.

BrokerCountry,RatingMin. DepositWebsite
FXTM BrokerCyprus, UK, Mauritius4.5$10Forextime.Com
OctaFX BrokerCyprus, SVG4.4$100OctaFX.Com
FP Markets BrokerAustralia, Cyprus4.7$100FpMarkets.Com
XM BrokerCyprus, Belize, Australia4.7$5XM.Com
HFM HF Markets BrokerCyprus, UK, South Africa, UAE, Kenya4.3$5HFM.Com
FBS BrokerCyprus, Belize, Marshall Islands4.85$100FBS.Com


Alchemy Markets is a broker that claims to be licensed by the UK’s Financial Conduct Authority (FCA) and headquartered in the UK. However, investors must exercise caution when dealing with such shadowy entities, as even a license cannot fully erase suspicions. 

The Spanish National Securities Market Commission (CNMV) has issued a warning about Alchemy Markets’ dubious practices. The broker is part of the Alchemy Group, which includes FXPIG in Vanuatu and Alchemy Prime. Alchemy Markets’ trading platform is MetaTrader4, which is popular among the online trading community for its stability, but the broker’s overall reputation is questionable. 


Are Alchemy Markets Regulated?

Yes, Alchemy Markets is regulated by the Financial Services Authority (FSA) of Seychelles.

Is Alchemy Markets Legitimate?

Alchemy Markets is a regulated online broker. However, it is based offshore.

Is Alchemy Markets a Market Maker?

No, Alchemy Markets is not a market maker. They use STP (Straight Through Processing) execution for client orders.