What Account Types and Fees Does Alchemy Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading features |
Requires verification of trading volume qualifications |
| Corporate Account |
Corporations and institutional clients |
Customized services, access to dedicated account managers |
Requires corporate documentation |
| Islamic Account |
Muslim traders |
Swap-free trading options |
Available upon request |
| Demo Account |
All traders |
Practice trading with virtual funds |
No time limit for usage |
Account Opening Process
To open an account with Alchemy Markets, follow these steps: First, you will be required to submit personal information, including your name, address, and contact details. Next, provide employment information such as your job title and employer. After that, you will need to submit financial information, including your source of income and estimated trading experience. Identity verification is mandatory and includes providing a government-issued ID and proof of address, such as a utility bill or bank statement. Alchemy Markets offers account flexibility, allowing you to upgrade from a retail to a professional account in the future, provided you meet the necessary qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for GBP pairs |
| CFDs (Gold) |
1.5 |
$10 per lot |
Tradable with leverage |
| CFDs (S&P 500) |
0.5 |
$5 per lot |
Access to major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Alchemy Markets may impose the following costs: Deposit and withdrawal fees may apply based on the payment method used. Inactivity fees may be charged if there is no trading activity for a specified period. Platform usage fees are not applicable, as the trading platforms are provided free of charge. Overnight interest, or swap rates, will apply for positions held overnight. Currency conversion fees may also apply for trades involving different currencies.
