Alchemy Markets review

The minimum deposit is $1,000, well above the €4.64 median across the brokers compared here. That places Alchemy Markets at 191 of 213 brands on deposit size, so the account is aimed at traders who can fund a larger balance from the start.

The broker is regulated by the FSA in the Seychelles (SD136), the FCA in the UK (612233) and the MFSA in Malta (C56519). Investor protection is listed as FSCS up to GBP 85,000, and the legal entity behind the brand is Alchemy Global Limited (Alchemy Global Limited).

The market list is stocks, etfs and forex. For comparison, eToro's list runs to stocks, etfs and forex, which adds futures to the range. Crypto dealing, a demo account and copy trading are all part of the offering here (crypto, demo account and copy trading), so a trader can test the platform before committing funds.

Trading runs on Metatrader and TradingView, the platforms listed for the brand. A demo account is included (crypto, demo account and copy trading), so positions can be tested before real money goes in, and copy trading is offered for anyone who prefers to follow other traders rather than place every trade.

Retail leverage reaches 1:500. That is a large multiplier, so position sizing matters more than usual: with CFD and forex positions running at that level, a small move against a position can erase an account before a trend has time to work.

Broker-level figures show most retail accounts lose money, with a median of 70.15% across the brands compared and 72% among CFD brokers. Those figures describe the wider market rather than this brand on its own, and the FSCS up to GBP 85,000 protection scheme does not cover trading losses.

The account suits traders who can meet $1,000 and who want several asset classes in one place, since the list runs to stocks, etfs and forex. Beginners starting small would find a broker with a minimum deposit of $0 easier to open, though a demo account is available here for practice (crypto, demo account and copy trading).