Alchemy Markets: A Closer Look at Its Licenses

When choosing an online trading broker, its important to check whether they are licensed, where they are based, and how they operate. Alchemy Markets is a broker that holds multiple licenses across different jurisdictions. Some of these licenses are active and regulated, while others require closer attention. Understanding these details can help traders make informed decisions.

Alchemy Markets holds a license from the Malta Financial Services Authority (MFSA) under license number C 56519. The MFSA is the single financial regulator in Malta. It oversees a wide range of financial services, including investment firms, banks, insurance companies, and payment institutions. The license type Alchemy Markets holds is a Market Maker (MM) license, and it is currently regulated. This means the company must follow specific legal and operational rules, including those that help protect clients funds and promote fair market conduct.

In addition to the MFSA license, Alchemy Markets also holds a license from the Seychelles Financial Services Authority (FSA) under license number SD136. The FSA is responsible for regulating the non-bank financial sector in Seychelles. This includes services like investment firms, trust companies, and insurance providers. The Seychelles license is also listed as regulated and is categorized as a Retail Forex License. Offshore licenses like those issued by the FSA can offer additional flexibility to brokers, though they may come with less strict oversight compared to major regulators.

Alchemy Markets is also associated with a license from the UK Financial Conduct Authority (FCA), listed under license number 612233. The FCA is one of the most well-known financial regulators globally, known for its strict rules on client protection and firm conduct. However, in this case, the FCA license status is marked as unverified. This means that while the license may exist, it is not confirmed to be active or directly linked to the current business operations of Alchemy Markets. Traders should be cautious when relying on unverified licenses and may want to seek additional confirmation.

According to WikiFX, a global broker regulatory query platform, Alchemy Markets has a WikiScore of 6.02 out of 10. This score takes into account various factors such as license status, business transparency, operational performance, and user feedback. A score in this range indicates that the broker operates with some regulatory structure in place. However, in certain areas, such as offshore registration or unverified licenses, further attention must still be paid.

As always, when selecting a broker, it is advisable to look closely at the types of licenses held, their regulatory status, and any recent user feedback. Being informed can help reduce risk and lead to a better trading experience.