Alkemy is an automated social trading platform that allows anyone to follow top traders and strategies in real-time
Alkemy is a fintech startup at the intersection of automated x social trading. We allow anyone to follow top traders and strategies in real-time, all backed by performance from linked brokerage accounts. Traders can discover top strategies based on their risk appetite and investment preference, follow strategies instantly, and mirror their trades from inside their own brokerage accounts.
Alkemy rebranded from "Soci" at the end of June and is founded by serial entrepreneurs with deep expertises in finance and building technology companies.
Why are we doing this now?
Over the internet, it's hard to figure out who is actually "making good calls" or "experienced" in the markets. Thousands of Youtube channels, discord servers, stock forums, and the like are filled with con-artists and scammers in already hard-to-navigate territory. It’s become very hard for the average joe to find themselves in an equal playing field with the rest of the market. The stats speak for themselves, 90% of traders lose money in the markets.
Behavioral Economist Richard Thaler has written about a concept called mental accounting, a bias investors are highly prone to. Moreover, the effects of cognitive dissonance also prevent investors from acting rationally.
What inspired the idea?
Alkemy's Founder and CEO, Ali El-Shayeb, has been an investor for over 6 years. He was able to grow a $50k family fund into over $1M last year, through top-down research identifying explosive companies and algorithmic trading strategies. He was one of the earliest investors in companies like Nio (NYSE: NIO) investing from US $3.00 and Peak Fintech (CSE: PKK) investing from under CAD $2, pre-split.
In the process, he found himself helping friends and family build wealth in the markets. Alkemy was an idea to automate his portfolio by providing real-time alerts on his trades, backed by performance from his linked brokerage account.
The community quickly grew to hundreds of investors who wanted to access elite investment strategies.
Today, Ali leads Alkemy's portfolio fund as its principal multi-asset trader, investing in software, semiconductor, and electric vehicle companies. Alkemy is a platform meant to scale to any retail trader around the globe. At the end of it, we're a marketplace connecting retail traders to top traders and strategies, democratizing access to elite investment strategies.
The power of social
The need to invest confidently is more important than ever. We’re building a global community of curious, more self-aware, and much more relaxed investors.
Mission Statement
Help anyone make money in the markets.
We’re starting by making investing more social. You can follow top traders, discover companies to believe in, and grow your wealth more confidently. Over time, we’ll begin to build powerful financial tools to help you grow and manage your money, gamify the process, and bring elite investment strategies to anyone.
Get started today by joining our investment community or follow our portfolio.