Financial

A Guide to Alchemy Markets For Beginners

Alchemy Markets stands out as a premier destination for beginners because of its low cost and myriad of benefits. They offer:

  • Low Trading Costs (Tight spreads, No Commissions)
  • Lightning Fast Execution Speeds
  • Free Analyst Trade Ideas
  • Free Access to a Comprehensive Suite of Trading Tools

This review/guide highlights what you can expect when trading with Alchemy Markets, and also some of the potential drawbacks.

Overview of Alchemy Markets

Founded in 2017, Alchemy Markets is a globally regulated, multi-asset CFD broker with over 10+ asset classes to trade from.

It is available on both PC and mobile via MetaTrader 5 (MT5), making access to trading opportunities flexible and easy.

The company is regulated by the MFSA (Malta Financial Services Authority), and FSA Seychelles (Financial Services Authority), which allows them to serve clients globally with exception to Iceland and the United States.

What Makes Alchemy Markets Stand Out

Alchemy Markets has tight institutional spreads and also charges zero commissions* on trading forex, metals, and indices.

This means your favourite instruments such as EURUSD, USDJPY, Gold, S&P 500 are all available for trading without any commissions.

Additionally, traders with larger funds of $50,000 or over can consider using the VIP account, which has the raw spreads function. This completely eliminates any broker spread fees and allows you to trade the charts without any added spreads.

Trade in over 10+ asset classes, with up to 500:1 leverage, and enjoy trading with no commissions on FX, metals, and indices. Sign up with Alchemy Markets for free.

Unmatched Trading Conditions

Alchemy Markets is distinguished by its exceptional trading conditions:

  • Low Trading Costs
    Tight institutional spreads with zero commissions on FX, metals, indices.
  • Institutional Execution
    Alchemy Markets sends your orders to the markets at institutional speeds of 10ms or below. That’s 0.01 seconds after you execute an order.
  • Trade 10+ Asset Classes
    Trade symbols across 10+ asset classes, including forex, metals, energies, indices, ETFs, stocks, and crypto.
  • Enjoy trading with up to 500:1 Leverage
    Enjoy generous leverage options, which empower traders with the ability to open larger trade positions.
  • Over 20 Tier-One Liquidity Provider Partners
    Alchemy Markets is partnered with 20+ tier-one liquidity providers, including major banks, non-banks, and cryptocurrency exchanges which ensures your orders are filled at the best prices with little slippage.

Essential Tools for Trading Success

Alchemy Markets offers access to Trading Central Tools and the comprehensive FXBlue suite, providing traders with the analytics needed for informed decision-making.

Economic Calendar:Gives you a clear view of upcoming macroeconomic events, such as GDP release dates, bank announcements etc.These announcements can cause potential market shifts and moments of volatility.
Technical Views:The perfect tool for beginners to get actionable trade ideas from veteran analysts in real time.Provides technical levels to watch, price forecasting, and educational insights.
Featured Ideas:A scanner which you can personalise to find assets with favourable trade conditions.Identifies chart patterns, provides trade ideas, and is customizable.
Mini Terminal:A quality-of-life improvement on MT5, allowing you to seamlessly set buy/sell orders with ease, and even set multiple stop loss levels.

In-House Market Analysis

Beyond third-party tools, Alchemy Markets provides in-house market analyses from expert analysts, which provide market trend insights, and price forecastings.

Beginners can lean on these educational resources to stay informed on market trends, and also find trade opportunities.

Diverse Trading Platforms

Alchemy Markets is supported on MT5, a familiar trading platform with many traders, and is cross-compatible with many other brokers. Through MT5, trading with Alchemy Markets becomes available on PC, Tablet, and Mobile.

For traders looking for custom solutions or ultra-fast trade executions, they can setup what’s called a FIX API. This allows traders to get optimal trade conditions.

How to Register for Alchemy Markets

NOTE: Alchemy Markets is unavailable for U.S. and Iceland citizens.

To begin trading with Alchemy Markets, simply sign up for a live trading account, fund it securely, and gain access to global markets.

Visit Alchemy Markets or Alchemy Markets EU (For EU users) and follow the steps below:

  1. Click on ‘Open Account’, which is located at the top right of the site.
  2. Fill in your information and submit.
  3. Verify your KYC.
  4. Deposit your funds and start trading!

The lowest minimum deposit to start an Alchemy Markets live trading account is $100, which would unlock the Standard account type.

As you deposit more funds, your account type can be upgraded, which grants lower trading commissions on applicable assets. Keep in mind that FX, metal, and indices can be traded without commissions on Alchemy Markets.

Here are the minimum deposits for each account type:

Account TypeMinimum Deposit
Demo Trading Account$0
Standard Account$100
Classic Account$1000
Premier Account$5000
VIP Account$50,000

VIP Accounts get exclusive access to raw spreads trading, which eliminates broker spreads completely, and uses a commission-based charging system instead.

For any Alchemy Markets related questions, you may contact their 24/5 customer support on the ‘contact us’ section of their website/


Disclaimer:

*All instruments offered by Alchemy Markets are traded in the form of derivatives as CFDs.

*Their demo account provides a realistic trading environment that holds key differences from live trading conditions. Demo traders access demo liquidity, and trades made are not subject to slippage, interest, dividend adjustments, and more. Traders should ensure they are aware of these differences and can find more information regarding account features in their ‘Documents’ tab at the bottom of the page.

*They offer commission-free trading on Forex, Indices, and Metals for Classic and Premier accounts only. For information on their charges on other account types and products including Crypto CFDs and Stock CFDs, you can visit their product pages and product sheets.

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1 Comment

  • Reply Solar May 22, 2024 at 8:24 am

    Your passion for the topic is contagious. Thank you for sharing your enthusiasm.

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