Updated September 29, 2026 · BrokerCue Editorial Team
Alchemy Markets vs NAGA
Where Alchemy Markets and NAGA differ
| Compare |  Alchemy Markets |  NAGA |
|---|---|---|
| Minimum deposit | $1,000 | €50 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto | Stocks, ETFs, Forex, CFDs, Futures, CryptoCovers more |
| Regulators | FSA, FCA, MFSA | Cyprus Securities and Exchange Commission |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Platforms | Metatrader, TradingView | iOS, Android, Web, MetaTrader 5 |
| Stock trade fee | Not confirmed | €3 |
| Retail accounts that lose money | Not confirmed | 70.45% |
| Deposit and withdrawal fees | Not confirmed | No withdrawal fee |
| Maximum retail leverage | 1:500 | Not confirmed |
| Interest on cash | Not confirmed | 2.4% |
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Key differences
- Alchemy Markets scores higher overall: 9.1 vs 8.7.
- Regulators: only Alchemy Markets offers FSA, FCA, MFSA.
- Regulators: only NAGA offers Cyprus Securities and Exchange Commission.
- Alchemy Markets is licensed in 2 more countries.
- Markets: only NAGA offers Futures.
- Platforms: only Alchemy Markets offers Metatrader, TradingView.
- Platforms: only NAGA offers iOS, Android, Web.
- Features: only Alchemy Markets offers Demo account.
- Features: only NAGA offers Mobile app.
Our verdict on each
Alchemy Markets
Alchemy Markets suits funded traders who want forex, CFDs, stocks and crypto in one account on MetaTrader and TradingView. The FCA, FSA and MFSA licences bring FSCS up to GBP 85,000 protection, and retail leverage of 1:500 suits active CFD traders, though the deposit needed to start is high for small balances.
NAGA
NAGA suits mobile copy traders who want stocks, ETFs, forex, CFDs, futures and crypto alongside social features in the same app. Opening starts at €50, while stock trades carry €3, so active share buyers should weigh costs against broader choice.
Score breakdown
| Area | Alchemy Markets | NAGA |
|---|---|---|
| Cost | 8.2Costs weigh heavily against the brand: the minimum deposit of $1,000 sits well above the €4.64 site median. | 8.5HigherStock trades cost €3; withdrawals show No withdrawal fee. |
| Offer | 9.1 | 9.1Coverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. |
| Trust | 9.8Higher | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. |
How they place
| Ranking | Alchemy Markets | NAGA |
|---|---|---|
| Stock and ETF brokers | 97 of 490 | 4 of 490 |
| Forex brokers | 42 of 147 | 3 of 147 |
| Low-spread forex brokers | 40 of 145 | 3 of 145 |
| CFD brokers | 33 of 122 | 3 of 122 |
| Copy trading platforms | 11 of 37 | 1 of 37 |
Licences and countries
| Country | Alchemy Markets | NAGA |
|---|---|---|
| Cyprus | Not confirmed | |
| Malta | MFSA C56519 | Not confirmed |
| Seychelles | FSA SD136 | Not confirmed |
| United Kingdom | FCA 612233 | Not confirmed |
Side by side, item by item
| Markets | Alchemy Markets | NAGA |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Futures | No | Yes |
| Crypto | Yes | Yes |
Where these facts come from
Alchemy Markets
- alchemymarkets.com: 3 facts, checked September 26, 2026
- forexsuggest.com: 2 facts, checked September 26, 2026
- fxleaders.com: 1 fact, checked September 26, 2026
- fxvnpro.com: 1 fact, checked September 26, 2026
- tradingfinder.com: 1 fact, checked September 26, 2026
NAGA
- naga.com: 5 facts, checked September 28, 2026
- nagamarkets.zendesk.com: 5 facts, checked September 28, 2026
Every fact side by side
| Fact | Alchemy Markets | NAGA |
|---|---|---|
| Features | Crypto, Demo account, Copy trading | Crypto, Copy trading, Mobile app |
| Legal entity | Alchemy Global Limited | Not confirmed |
Where each stands against the rest
| Fact | Alchemy Markets | NAGA | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | €3above the median | €1 |
| Retail accounts that lose money | Not confirmed | 70.45%above the median | 70.375% |
| Interest on cash | Not confirmed | 2.4%below the median | 3% |
Median across 38 listed brokers.
Pros and cons
Alchemy Markets
Pros
- Regulated by the FSA, FCA and MFSA (FSA, FCA and MFSA), with the legal entity Alchemy Global Limited (Alchemy Global Limited).
- One account holds stocks, etfs and forex together, so positions do not have to be split across brokers.
- MetaTrader and TradingView are both available (Metatrader and TradingView).
Cons
- The minimum deposit of $1,000 sits well above the €4.64 site median, ranking 191 of 213 brands on deposit size.
- Retail leverage of 1:500 cuts both ways, so a position that moves the wrong way can take an account down quickly.
- Compared with eToro's list (stocks, etfs and forex), the market range here (stocks, etfs and forex) is narrower at the leveraged end.
NAGA
Pros
- Access stocks, ETFs and forex under a single login, covering shares through crypto for varied strategies.
- Trade via iOS, Android and Web, with MetaTrader 5 plus mobile apps for flexible order management.
- Withdrawals show No withdrawal fee, helped by No withdrawal fee for cost clarity.
Cons
- Stock trade fee sits at €3, which can weigh on frequent share buyers versus lower fee rivals.
- Support runs on help centre only, so help stays inside help centre without live chat or phone.
- Entry starts at €50, above ActivTrades at $0 for very small starters.
Who each suits
Alchemy Markets
Who it suits
- Traders with a funded balance who can meet $1,000 to open the account.
- Single-account traders who want the whole list of stocks, etfs and forex in one place.
- Copy traders and demo users, since copy trading and a demo account sit in the feature set (crypto, demo account and copy trading).
Who should look elsewhere
- Not CFI, whose minimum deposit of $0 opens the door to far smaller starting balances.
- Not Vantage, where the minimum deposit is $5.
- Not eToro if futures matter to you, since eToro covers stocks, etfs and forex.
NAGA
Who it suits
- Social traders who follow others and want futures plus crypto alongside shares may prefer NAGA over eToro.
- Mobile led investors starting at €50 who accept €3 may prefer NAGA over ActivTrades.
Who should look elsewhere
- Cost sensitive share buyers who want lower ticket fees than €3 may prefer XTB.
- Traders wanting phone or live chat beyond help centre may prefer ActivTrades.
Country by country
| Country | Alchemy Markets | NAGA |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
8 of 30 countries where either is available.
Questions about each
Alchemy Markets
How much do I need to deposit to open an Alchemy Markets account?+
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.
Who regulates Alchemy Markets and is my money protected?+
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).
NAGA
What does NAGA charge for stock trades and withdrawals?+
Stock orders carry €3 per trade, and funding shows No withdrawal fee for withdrawals. Share buyers who trade often should compare that ticket charge with rivals before committing, as frequent dealing lifts total cost over time.
What is the minimum deposit to open a NAGA account?+
Trading can start at €50, which keeps entry modest for newcomers testing markets. Withdrawals show No withdrawal fee, so moving funds out does not add a separate withdrawal charge under current terms.
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