Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Alchemy Prime Pros & Cons
- 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.
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.
TU Expert Verdict
Alchemy Prime demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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Alchemy Prime User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The trading and non-trading commissions of Alchemy Prime have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 0.1 0.7 EUR/USD max, pips 0.5 1.2 GPB/USD min, pips 0.1 0.9 GPB/USD max, pips 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5 EUR/USD avg spread 0.2 0.15 0.2 GBP/USD avg spread 0.4 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Alchemy Prime Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8 /10Alchemy 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
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 Alchemy Prime Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6 /10Alchemy Prime offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Tight spread ECN account
- Swap Free (Islamic) account
- No Cent account
- Micro lots are not available
Alchemy Prime account types vs top competitors Alchemy Prime Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoAlchemy Prime accounts trading conditions
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:
Account Type Description Standard Accounts for experienced traders. The minimum deposit is $5,000, with spreads starting from 0.7 pips; Premier Accounts for professionals. Spreads start from 0.5 pips, with a minimum trading deposit of $10,000; VIP Accounts for advanced clients with deposits starting from $50,000. Spreads on VIP accounts start from 0.1 pips. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7.8 /10Alchemy 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.
- No withdrawal fee
- USDT (Tether) supported
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- Only major base currencies available
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal YesNoYesWise NoNoNoBTC YesNoNoWhat are Alchemy Prime base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Alchemy Prime supports the following base account currencies: USD, EUR, GBP, JPY.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3.8 /10Alchemy Prime offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 30 Forex pairs.
- Crypto trading
- Indices trading
- Small selection of currency pairs
- Futures not available
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 Trading.com Plus500 Currency pairs 30 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 300 69 2800 Stocks NoNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Alchemy Prime by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.5 /10We successfully registered an account with Alchemy Prime in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Alchemy Prime is $5000. The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
- Low minimum deposit requirement
- Fully online account opening process
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
Alchemy Prime account opening Alchemy Prime Trading.com Plus500 Online Registration YesYesYesMinimum deposit $5000 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is Alchemy Prime available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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
- Upload documents for account verification..
- Open a demo account..
Additional features of Prime’s User Account allow traders to:
- Fill out a questionnaire required for opening a live account;
- Upload the installation file of the MT5 trading platform;
- Deposit and withdraw funds. However, this option is only available after opening live account.;
- View detailed statistics on all trading and financial transactions;
- Contact support.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria8.1 /10Alchemy Prime received a score of 8.1/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- Trading bots (EAs) allowed
- Free VPS for uninterrupted trading
- API access for automated trading
- MetaTrader is available
- Strategy (EA) Builder is not available
- No access to cTrader and its advanced tools.
- No TradingView integration
Supported trading platforms
Alchemy Prime supports the following trading platforms: MT4, MT5, Proprietary platform. This selection covers the basic needs of most retail traders. We also compared Alchemy Prime’s platform availability with that of top competitors to assess its relative market position.
Alchemy Prime Trading.com Plus500 MT4 YesNoNoMT5 YesYesNocTrader NoNoNoTradingView NoYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey Alchemy Prime’s trading platform features
We also evaluated whether Alchemy Prime offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA NoAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 30 Tradable assets 300 Additional trading tools
Alchemy Prime offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Alchemy Prime trading tools vs competitors Alchemy Prime Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria2 /10Alchemy Prime supports mobile trading, offering dedicated apps for both iOS and Android. Alchemy Prime received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- User-friendly interface
- Weak user feedback on iOS
We compared Alchemy Prime with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Alchemy Prime Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 0 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.8 4.7 Google Play score 0 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators YesYesMob. Alerts NoYesYes -
Customer Support
Score:We evaluated Customer Support at Alchemy Prime by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.1 /10Customer support at Alchemy Prime is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Alchemy Prime provides basic support functionality but does not stand out in overall service performance.
InformationYou can contact Alchemy Prime support through all available communication channels from Monday to Friday .
- The support service operates 24-hours
- Direct office calls for prompt communication
- No live chat option on the website
- The callback option is only available after verification
To reach Alchemy Prime support, you can use:
- Email;
- Feedback form;
- 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 support@alchemyprime.uk +44 2070978794
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FAQs
What regulatory protections and safety measures does Alchemy Prime provide for forex traders?
Alchemy Prime has a safety score of 8/10, described as a high security level, and is regulated by the UK Financial Conduct Authority (FCA), a Tier-1 regulator. Client protection features mentioned include negative balance protection, KYC verification, and potential access to an investor protection fund of up to £85,000, while the broker’s track record is noted as being under 8 years and the exact foundation date is not specified in the review.
How do Alchemy Prime’s trading and non-trading fees compare according to the review?
Alchemy Prime’s overall fee level is rated as low, with a fees score of 10/10, and the review highlights tight EUR/USD spreads, no inactivity fee, and no deposit or withdrawal fees. For RAW/ECN accounts, the commission is stated as $2.5 per lot with average spreads of 0.2 pips on EUR/USD and 0.4 pips on GBP/USD, while Standard account spreads are floating and may widen during high volatility.
What account types and trading conditions are described for Alchemy Prime in the review?
The review states that Alchemy Prime offers Demo, Standard, ECN/Raw spread, Swap Free, and VIP accounts, but does not provide Cent or Micro accounts. It also notes three main live account tiers—Standard (from $5,000, spreads from 0.7 pips), Premier (from $10,000, spreads from 0.5 pips), and VIP (from $50,000, spreads from 0.1 pips)—with a 50% stop-out level and demo leverage options from 1:1 to 1:30.
What do reviews say about Alchemy Prime’s deposit and withdrawal methods, limits, and flexibility?
According to the section, Alchemy Prime is described as offering a basic but sufficient range of payment methods, including bank cards, bank wire, PayPal, Skrill, Neteller, BTC, USDT, and Ethereum, with no withdrawal fee mentioned. The review also notes a minimum deposit of $5,000 and a minimum withdrawal of $1, along with some disadvantages such as limited flexibility in funding options and base currencies and the absence of BTC as a base account currency.
What trading platforms and tools are highlighted in reviews of Alchemy Prime’s technology offering?
The review indicates that Alchemy Prime supports MT4, MT5, and a proprietary platform, and includes features such as one-click trading, support for trading bots (EAs), scalping, and around 30 indicators across about 300 tradable assets. It also mentions additional tools like API access and free VPS, while noting the absence of a strategy (EA) builder, TradingView, cTrader, and some third-party analytics tools.
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