The modern trader demands more than just access to forex pairs. They seek security, low costs, powerful platforms, and dependable service. Two brokers catching attention in 2025 are Forex.com, a globally trusted name, and Alchemy Markets, a rising player with a tech-forward approach.
While Forex.com brings the trust of its parent company StoneX and a legacy of regulation, Alchemy Markets positions itself as a bold alternative with deeper liquidity and zero-commission trading. Let’s dive into how these two brokers compare on key fronts.
Broker Review Contents
Company Background
Forex.com is a household name in the trading space, backed by the U.S.-listed StoneX Group. It’s one of the most regulated and globally trusted retail brokers available today.
Alchemy Markets, formerly known as Amega, is a newer entrant focused on institutional liquidity, raw spreads, and innovative platform features aimed at advanced traders.
| Feature | Forex.com | Alchemy Markets |
|---|---|---|
| Founded | 2001 | 2018 |
| Headquarters | USA | Seychelles |
| Regulatory Oversight | CFTC, FCA, ASIC, IIROC, CySEC | FSA Seychelles (offshore) |
| Primary Strength | Regulation + tools | Raw spreads + low-cost execution |
Regulation and Safety
Forex.com is one of the most heavily regulated brokers worldwide:
- FCA (UK)
- CFTC & NFA (USA)
- ASIC (Australia)
- IIROC (Canada)
- CySEC (Europe)
Alchemy Markets operates under:
- FSA Seychelles (offshore)
Forex.com is better suited for traders who prioritize trust, regulatory protection, and transparency. Alchemy’s offshore regulation allows more flexibility in leverage and pricing but may lack the same investor protection.
Trading Platforms and Features
Forex.com provides:
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
- Proprietary Advanced Trading Platform (desktop)
- TradingView integration
- Mobile app with full functionality
Alchemy Markets offers:
- MetaTrader 5 only
- WebTrader via MT5
- Mobile trading via MT5 app
Forex.com has a more diversified tech stack, appealing to both casual and professional users. Alchemy simplifies its offering by focusing entirely on MT5 for speed and precision.
Markets and Instruments
| Asset Class | Forex.com | Alchemy Markets |
|---|---|---|
| Forex | 80+ pairs | 100+ pairs |
| Indices | Yes | Yes |
| Commodities | Yes | Yes |
| Metals | Yes | Yes |
| Stocks (CFDs) | Yes | Yes |
| Cryptocurrencies | Yes | Yes |
| ETFs | Yes (CFDs) | No |
Alchemy offers a strong range of forex and CFD assets, especially forex pairs. Forex.com includes more instruments like ETFs, which adds flexibility for diversified portfolios.
Account Types and Minimum Deposit
Forex.com accounts:
- Standard
- Commission-based (RAW spread)
- Direct Market Access (DMA)
- Islamic (swap-free)
Alchemy Markets accounts:
- ECN Raw
- Standard STP
- Pro ECN
- Islamic Account
Minimum deposit:
- Forex.com: $100
- Alchemy Markets: $50 (STP), $200 (ECN Pro)
Alchemy Markets caters well to budget-conscious traders while still supporting high-frequency strategies through its ECN options.
Spreads and Fees
Forex.com:
- RAW account: From 0.2 pip + $5/lot
- Standard account: From 1.0 pip
- No deposit fees, inactivity fee after 12 months
Alchemy Markets:
- ECN accounts: From 0.0 pip + $3/lot
- STP account: From 1.5 pips (no commission)
- No deposit or withdrawal fees
Alchemy Markets provides lower spreads on ECN models and simpler commission structures. Forex.com delivers pricing flexibility and reliable DMA execution for pros.
Leverage and Margin
| Region | Forex.com | Alchemy Markets |
|---|---|---|
| UK/EU Retail | 1:30 | 1:500 |
| Global Pro Clients | Up to 1:200 | Up to 1:1000 |
| US Clients | 1:50 | Not accepted |
Alchemy Markets offers much higher leverage under its offshore license. Forex.com is better for traders in regulated regions looking for stability and lower risk exposure.
Trading Tools and Education
Forex.com offers:
- Autochartist
- Trading Central
- Strategy optimization tools
- TradingView integration
- Daily news and webinars
Alchemy Markets offers:
- Economic calendar
- Basic market news
- MT5 analysis tools
- Low-latency VPS (for Pro users)
Forex.com excels in research and educational offerings. Alchemy provides the basics, with a stronger focus on execution speed and cost reduction rather than handholding.
Mobile Trading Experience
Forex.com:
- All major functions via app
- Real-time news, price alerts
- Intuitive order execution
Alchemy Markets:
- MT5 app with full trading capability
- Real-time charting
- Execution speed prioritized
Forex.com offers more polished UI and integrated news feeds. Alchemy relies on the robustness of MT5 for mobile but lacks extra features.
Customer Support
Forex.com:
- 24/5 global support
- Phone, live chat, and email
- Regional support centers
Alchemy Markets:
- 24/5 live chat and email
- Multilingual support
- Dedicated managers for ECN accounts
Alchemy’s support is more personalized for advanced users, while Forex.com ensures coverage across major time zones with fast onboarding.
Quick Comparison Summary
| Feature | Forex.com | Alchemy Markets |
|---|---|---|
| Regulation | Top-tier (US, UK, CA, AU) | Offshore (FSA Seychelles) |
| Minimum Deposit | $100 | $50–$200 |
| Spreads | From 0.2 pip (RAW) | From 0.0 pip (ECN Pro) |
| Platforms | MT4/MT5, TradingView, Proprietary | MT5 only |
| Education | Comprehensive tools + webinars | Basic analytics + VPS |
| Asset Variety | Forex, ETFs, Stocks, Crypto | Forex-heavy, no ETFs |
| Leverage (Global) | Up to 1:200 | Up to 1:1000 |
| Ideal For | Traders in regulated countries | Traders seeking raw execution |
Forex.com remains one of the safest and most well-rounded choices for traders worldwide, especially those who value regulation, educational tools, and a multi-platform environment.
Alchemy Markets, on the other hand, offers a streamlined, low-spread, high-leverage experience best suited for experienced traders in offshore regions or those prioritizing raw pricing and execution speed.
