Forex Brokers

Alchemy X Markets

1.4 (14 reviews)
🇬🇧 United Kingdom
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1.4
14 reviews
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About Alchemy X Markets

Alchemy X Markets has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Terrible customer service

C
Christopher B.
1 weeks ago

Alchemy X Markets has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Fast deposits|API access|Full transparency

Cons: Research section could be deeper|Limited demo account features

Trust broken beyond repair

M
Michael D.
2 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Alchemy X Markets is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Good analytical tools|Comprehensive tools|Real-time alerts|Great customer service

Cons: Help articles are sometimes vague|Slow to add new assets

Beware - This company is not legitimate

H
Hannah K.
2 months ago

I was contacted by Alchemy X Markets through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.

Pros: Initially responsive customer service

Cons: Withdrawal fees demanded|Communication cut off|Not authorized

Death of account holder process unknown

R
Rachel J.
2 months ago

The so-called education at Alchemy X Markets is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since I opened my account last year thinking they would help me learn.

Pros: Copy trading available|Competitive fees|Multi-device support|Intuitive for beginners

Cons: Charting tools need more indicators

Terms of service are one-sided

T
Thomas N.
4 months ago

I joined Alchemy X Markets after doing extensive research and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: Low minimum deposit|Automated trading options|Fast execution

Cons: Currency conversion fee exists

Unprofessional and unreliable

D
Dean G.
4 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Alchemy X Markets said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Multi-device support|Tax reports included|Low minimum deposit

Cons: Limited social trading features|Slow to add new assets

Ombudsman said they are uncooperative

Z
Zoe K.
5 months ago

Alchemy X Markets changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Portfolio tracking tools|Responsive team|Low minimum deposit

Cons: Would like more payment methods|No crypto staking

Regulatory warning exists for this firm

M
Michael D.
6 months ago

I looked into Alchemy X Markets and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Cons: Appears in regulatory warnings database|Uncertain regulatory status

Rip-off dressed as a service

C
Catherine I.
7 months ago

I have been trying to close my account with Alchemy X Markets for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Risk management tools|Wide product range

Cons: Slow to add new assets

Cannot withdraw funds - classic scam

O
Oliver C.
7 months ago

I want to warn everyone about Alchemy X Markets. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Pros: Professional looking website

Cons: Lost entire investment|Reported to authorities|Unresponsive