Introduction
AlkimiyaMarkets.com is an online broker offering trading in forex, CFDs and binary options. The company is based in the Marshall Islands and is owned by Alkimiya Markets Ltd. The broker is not regulated by any financial authority. The broker offers the following account types: Basic, Silver, Gold and Platinum. The minimum deposit for a basic account is $250 and the minimum trade size is $5. The maximum leverage offered is 1:200. The broker uses the MetaTrader4 trading platform.
AlkimiyaMarkets.com Overview
AlkimiyaMarkets.com is a new online broker that offers trading in forex, commodities, and indices. The company is based in Bulgaria and is regulated by the Financial Supervision Commission (FSC). The website is available in English and Russian.
The broker provides two types of accounts – Standard and ECN. Both account types offer leverage up to 1: 500 and margin requirements from 0.5%. The minimum deposit for a Standard account is $250, while the minimum deposit for an ECN account is $1000.
AlkimiyaMarkets.com offers its clients a choice of three trading platforms – MetaTrader 4, MetaTrader 5, and cTrader. The broker also provides mobile trading apps for Android and iOS devices.
The company has a very good customer support service that is available 24/7 via live chat, email, or telephone.
AlkimiyaMarkets.com Trading Platform
AlkimiyaMarkets.com provides a user-friendly trading platform that is perfect for novice and experienced traders alike. The platform is web-based, so there is no need to download any software. All you need is an internet connection and a web browser.
The platform is packed with features, including advanced charting tools, a customizable interface, real-time market data, and more. You can also access your account and make trades from your mobile device with the AlkimiyaMarkets.com mobile app.
One of the best things about the AlkimiyaMarkets.com trading platform is that it is very easy to use. Even if you have never traded before, you will be able to quickly learn how to use the platform and start making trades.
AlkimiyaMarkets.com Accounts and Conditions
AlkimiyaMarkets.com offers a variety of account types to suit the needs of all kinds of traders. The account types are:
Micro Account: This account is best suited for new or inexperienced traders as it requires a minimum deposit of just $5. The leverage offered is 1:500 and the spreads start from as low as 0.01 pips.
Standard Account: This account is best suited for experienced traders as it requires a minimum deposit of $200. The leverage offered is 1:200 and the spreads start from as low as 0.1 pips.
ECN Account: This account is best suited for high-volume traders as it requires a minimum deposit of $1000. The leverage offered is 1:100 and the spreads start from as low 0 pips.
AlkimiyaMarkets.com Advantages
AlkimiyaMarkets.com has several advantages that make it a good choice for online trading.
First, the site is very user-friendly and easy to navigate. There is a lot of helpful information available on the website, including tutorials, FAQs, and other resources.
Second, AlkimiyaMarkets.com offers a wide range of tradable assets, including stocks, ETFs, options, and futures. This gives traders plenty of opportunities to find profitable trades.
Third, the site provides excellent customer service. The support team is knowledgeable and responsive, and they are available 24/7 via live chat, email, and phone.
Fourth, AlkimiyaMarkets.com offers competitive prices on trades. The fees are low compared to other online brokers, and there are no hidden costs or account minimums.
Finally, AlkimiyaMarkets.com is a regulated broker. This means that it is subject to strict financial regulations and oversight from government agencies like the SEC in the United States.
AlkimiyaMarkets.com Disadvantages
AlkimiyaMarkets.com is a new online broker that offers trading in forex, CFDs and binary options. The company is owned by Alkimiya Investments Ltd., which is registered in the Seychelles. The website of the broker is available in English, Russian and Arabic.
The minimum deposit for opening an account with AlkimiyaMarkets.com is $250, which is relatively high compared to other brokers. The maximum leverage offered by the broker is 1:200, which is below average.
There are some advantages of trading with AlkimiyaMarkets.com, such as the fact that the broker offers Muslim-friendly accounts and that it accepts clients from all over the world, including those from the US. However, there are also some disadvantages to consider before deciding whether to open an account with this broker.
One disadvantage is that AlkimiyaMarkets.com does not offer demo accounts. This means that potential clients cannot test out the platform before they commit to depositing money and trading live markets. Another downside is that the company charges high withdrawal fees – $50 for wire transfers and $25 for credit/debit card withdrawals.
Overall, AlkimiyaMarkets.com seems like a decent option for those looking to trade forex, CFDs or binary options, but there are some downsides to consider before opening an account.
AlkimiyaMarkets.com Traders Ratings
AlkimiyaMarkets.com is a new online trading platform that offers a variety of features and benefits for its users. One of the most notable features of the platform is its traders ratings system.
The traders ratings system allows users to rate other traders on the site based on their performance. This helps to create a more transparent and fair trading environment, as well as providing useful feedback for other users.
So far, the traders ratings system has been very successful in helping users find good trading partners and avoid bad ones. It is an essential part of the AlkimiyaMarkets.com experience and one that we highly recommend taking advantage of.
Conclusion
Overall, we found Alkimiya Markets to be a decent broker with some good features and a few drawbacks. The biggest advantage is the low minimum deposit which makes it accessible to a wider range of traders. On the downside, there are no demo accounts available and customer support could be improved. Overall, we would recommend Alkimiya Markets as a broker worth considering for your online trading needs.