Alkimiya Markets-Overview of Minimum Deposit, Leverage, Spreads

General Information

Alkimiya Markets is an offshore forex broker offering its clients access to a series of trading instruments, such as Currencies Pairs, Metals, Commodities, Energies, and Stocks. Alkimiya Markets is a trading name of Alkimiya Market LLC, a company registered in Saint Vincent and the Grenadines, with the company number 787LLC2021.

Regulatory Details

Alkimiya Marketss regulatory status is displayed as “No License” on WikiFX, as it has been verified that this forex broker is not authorized or regulated by any regulatory authorities, and this broker got a low score of 1.59/10 on WikiFX. Investors should take extra vigilance before investing with this broker.

Market Instruments

With Alkimiya Market, traders can get access to multiple financial markets. Different types of trading assets including Foreign Exchange, Indices, Metals, Energies, and Stocks, are all available through this brokerage platform.

Account Types

Three tiered trading accounts are available with the Alkimiya Markets platforms, namely Mini, Gold, and ECN. The minimum initial deposit to open a Mini account is acceptable 100 USD, while this requirement for the Gold and ECN accounts soars to $5,000 and $25,000, respectively, as they are designed for professional and experienced traders with large trading volumes.

Swap-free options are applicable with the Mini and Gold accounts, and swaps will be charged on the ECN account. Margin Call for the first two accounts is 20% and for the ECN account 100%. Scalping is not allowed.

Aside from living accounts, the demo accounts area is also offered for beginners to test this platforms trading environment with virtual funds.

Leverage

The maximum trading leverage is up to 1:400, which is considered high. Since Alkimiya Markets is an offshore broker under no restriction on leverage, it offers high leverage to attract new investors.

Bear in mind that leverage can magnify gains as well as losses. Investors should choose the proper amount based on their trading style and risk tolerance.

Spreads & Commissions

Spreads and commissions are determined by trading accounts. The Mini and the Gold accounts charge no additional commission, with spreads from 2 pips. The ECN account offers a raw spread from 0.0 pips, with a commission of $3 per million charged.

Trading Platform

Alkimiya Markets offers its clients access to the leading MT5 trading platform, which can be accessed on any device. MT5 offers advanced financial trading functions, as well as superior tools for technical and Fundamental analysis.

Deposit & Withdrawal

Alkimiya Markets allows its clients to make a deposit and withdrawal through the limited payment options, which include the following:

• VISA

• MasterCard

• Skrill

• Neteller

The minimum initial deposit is $100, and its minimum withdrawal amount is not disclosed.

Customer Support

For any inquiries or trading-related problems can get in touch with this broker through the following channels:

Telephone: +44 20 3289 9194

Email: info@alkimiyamarkets.com

Online Communication

Company Address:

First St Vincent Bank Building,

James Street, KingsTown,

St Vincent and Grenadines.

Risk Warning

Forex trading and leveraged trading carry a high level of risks, and it is not suitable for all investors.

Please note that the information contained in this article is for general information purposes only.