According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5000
- MetaTrader5
- FCA
Our Evaluation of Alchemy Prime
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Alchemy Prime is a moderate-risk broker with the TU Overall Score of 6.39 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Alchemy Prime clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Alchemy Prime is better suited for experienced market participants with significant starting capital.
Brief Look at Alchemy Prime
Founded in 1978 by experienced traders with a global background, Alchemy Prime is an STP broker registered with the UK's Financial Conduct Authority (FCA) under license number 612233. Their expertise spans various financial markets, from North America to Asia.
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- A wide range of financial instruments for trading;
- Operation under the UK FCA license;
- Availability of a demo account for testing trading conditions and learning to trade;
- Access to dedicated virtual private server (VPS) hosting;
- Three account types with varying commission rates and minimum deposit requirements.
- A high minimum deposit amount of $5,000;
- No cent accounts for trading with small amounts;
- Limited options for depositing and withdrawing funds.
TU Expert Advice
Author, Financial Expert at Traders Union
Alchemy Prime provides trading services through various account types, including Standard, Premier, and VIP, with currencies, cryptocurrencies, CFDs on commodities, stocks, indices, and futures. The company operates under the FCA regulation and uses the MetaTrader 5 platform, offering a demo account, VPS hosting, and a wide range of trading instruments. Professionals benefit from leverage up to 1:200, while retail clients have access to 1:30.
The primary drawbacks of Alchemy Prime include a high minimum deposit of $5,000, limited deposit and withdrawal methods, and the absence of cent accounts for trading small amounts. These factors may deter beginners. However, Alchemy Prime's offerings could attract experienced traders who appreciate comprehensive tools and trading conditions.
Alchemy Prime Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo, Standard, Premier, VIP |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Deposit / Withdrawal: | Bank transfer, credit/debit cards, cryptocurrency wallets, Neteller, Skrill |
| 🚀 Minimum deposit: | $5,000 |
| ⚖️ Leverage: | Up to 1:200 for professionals, up to 1:30 for retail clients |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0,01 |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Currencies, cryptocurrencies, CFDs on commodities, energies, metals, stocks, indices, futures |
| 💹 Margin Call / Stop Out: | 50% |
| 🏛 Liquidity provider: | Over 20 major providers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | Depending on account type and financial instrument traded |
| 🎁 Contests and bonuses: | No |
The minimum amount required to start trading with this broker is $5,000 on a Standard account. The higher the status of the live account, the greater the minimum deposit amount. The company offers adjustable leverage for retail traders up to 1:30. Professionals can trade with leverage up to 1:200, subject to certain investment conditions.
Alchemy Prime Key Parameters Evaluation
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Trading Account Opening
To start trading with Alchemy Prime, you register first. This involves the following steps:
Click on the "Open Account" button in the top right corner.
Fill out the form with personal information. Provide your first and last name, email, country, phone number, and create a secure password. Also, at this stage, select the account type, either personal or corporate.- Additionally select account’s currency.
In the Alchemy Prime’s user account traderc can
Additional features of Prime’s User Account allow traders to:
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Fill out a questionnaire required for opening a live account;
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Upload the installation file of the MT5 trading platform;
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Deposit and withdraw funds. However, this option is only available after opening live account.;
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View detailed statistics on all trading and financial transactions;
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Contact support.
Regulation and safety
Alchemy Prime has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record of less than 8 years
Alchemy Prime Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FCA UK |
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
Alchemy Prime Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Alchemy Prime have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Alchemy Prime with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Alchemy Prime’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Alchemy Prime Standard spreads
| Alchemy Prime | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,5 | 0,1 | |
| EUR/USD max, pips | 1,5 | 0,5 | |
| GPB/USD min, pips | 0,4 | 0,1 | |
| GPB/USD max, pips | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Alchemy Prime RAW/ECN spreads
| Alchemy Prime | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Alchemy Prime. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Alchemy Prime Non-Trading Fees
| Alchemy Prime | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Alchemy Prime offers three account typeswith different trading conditions and minimum deposit requirements. Accounts can be opened in one of three currencies: USD, EUR, or GBP. The Stop Out level for all accounts is the same at 50%.
Account Types:
All broker clients have access to demo accounts, where they can trade with virtual currency. When registering a demo account, you can choose leverage from 1:1 to 1:30.
Alchemy Prime is a broker with accounts suitable for traders who have sufficient experience and a deep understanding of the intricacies of financial markets.
Deposit and withdrawal
Alchemy Prime received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Alchemy Prime provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- USDT (Tether) supported
- BTC available as a base account currency
- Bank wire transfers available
- Low minimum withdrawal requirement
- Limited deposit and withdrawal flexibility, leading to higher costs
- Minimum deposit above industry average
- Wise not supported
What are Alchemy Prime deposit and withdrawal options?
Alchemy Prime provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller, BTC, USDT, Ethereum.
Alchemy Prime Deposit and Withdrawal Methods vs Competitors
| Alchemy Prime | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Alchemy Prime base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Alchemy Prime supports the following base account currencies:
What are Alchemy Prime's minimum deposit and withdrawal amounts?
The minimum deposit on Alchemy Prime is $5000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Alchemy Prime’s support team.
Markets and tradable assets
Alchemy Prime offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 30 Forex pairs.
- Indices trading
- Crypto trading
- Futures not available
- Limited asset selection
Alchemy Prime Supported markets vs top competitors
We have compared the range of assets and markets supported by Alchemy Prime with its competitors, making it easier for you to find the perfect fit.
| Alchemy Prime | Plus500 | Pepperstone | |
| Currency pairs | 30 | 60 | 90 |
| Total tradable assets | 300 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Alchemy Prime offers for beginner traders and investors who prefer not to engage in active trading.
| Alchemy Prime | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
You can contact Alchemy Prime support through all available communication channels from Monday to Friday .
Advantages
- The support service operates 24-hours
- Direct office calls for prompt communication
Disadvantages
- No live chat option on the website
- The callback option is only available after verification
To reach Alchemy Prime support, you can use:
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Email;
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Feedback form;
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Phone.
Alchemy Prime also has a profile on the LinkedIn social network, where you can also ask questions to the company representatives.
Contacts
| Registration address | Alchemy Prime Limited, Unit 1, 74 Back Church Lane, London E1 1LX. |
|---|---|
| Regulation | FCA |
| Official site | https://alchemyprime.uk/home |
| Contacts |
+44 2070978794
|
Education
While Alchemy Prime caters to experienced traders, beginners may find limited educational resources on the platform. The website prioritizes information relevant to professional market participants. However, the client agreement offers valuable insights into Alchemy Prime's services, including instructions and tips that can be beneficial for new traders.
Training in trading is recommended to start with a demo account and only then trade with real funds.
Comparison of Alchemy Prime with other Brokers
| Alchemy Prime | Bybit | Eightcap | XM Group | LiteFinance | FBS | |
| Trading platform |
MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, MultiTerminal, Sirix Webtrader | MT4, MobileTrading, MT5, FBS app |
| Min deposit | $5000 | No | $100 | $5 | $10 | $5 |
| Leverage |
From 1:1 to 1:200 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:1000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | No | 7.00% | No |
| Spread | From 0.1 points | From 0 points | From 0 points | From 0.8 points | From 0.5 points | From 1 point |
| Level of margin call / stop out |
No / 50% | No / 50% | 80% / 50% | 100% / 50% | 50% / 20% | 40% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | No |
Detailed Review of Alchemy Prime
Alchemy Prime is an STP broker offering a variety of financial instruments for trading and a classic trading platform with many useful features. The broker's website displays real-time quotes and spreads for popular currency pairs on the London and New York exchanges. Alchemy Prime's servers are located in Equinix data centers, a multinational company specializing in advanced internet technologies, ensuring traders high-speed response to trading orders.
Alchemy Prime by the numbers:
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Over 45 years in the financial markets;
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$5 commission per $1 million traded;
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More than 100 trading instruments.
Alchemy Prime is a broker for professional trading and lucrative partnerships
Alchemy Prime provides more than 35 currency pairs, CFDs on indices, commodities, metals, and energies for trading. Traders can also trade stocks of major companies like Facebook, Amazon, Boeing, and Netflix. The leverage for retail clients is up to 1:30, while professionals can customize leverage up to 1:200. These conditions also apply to partners who offer brokerage services on Alchemy Prime's technical platform under their own brand.
Traders can use the MetaTrader 5 platform on desktop PCs and mobile devices. A browser version is not available, so clients download and install the platform on their computer or mobile device through the user account. MT5 integrates indicators, expert advisors, charts, scripts, signals, VPS, and other tools for comfortable trading.
Useful Functions of Alchemy Prime:
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Real-time display of quotes and fees;
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Access to company rules, execution policies, privacy policies, and other important documents;
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VPS hosting rental and payment directly within the trading platform.
Advantages:
Lucrative partnership program with flexible individual conditions;
Investment opportunities in managed accounts;
Client funds protection by placing them in segregated accounts;
Availability of copy trading with detailed statistics of all operations;
Direct access to the "Market" in MT5, where clients can buy over 20,000 useful trading applications;
Alchemy Prime provides regular RTS 28 reporting to ensure transparency in order execution on trading platforms and to enhance investor protection as required by the EU directive MiFID II.
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