ALB Review

1. What is ALB?
2. ALB Pros and Cons
3. Is ALB Safe or a Scam?
4. Leverage
5. Accounts
6. Instruments
7. Fees
8. Spreads
9. Deposits and Withdrawals
10. Trading Platform
11. Customer Support
12. Education
13. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about ALB.

What is ALB?

ALB Prime is a CFD and Forex trading brokerage firm that offers over 100 major and exotic Forex pairs, stock indices, commodity and crypto CFDs, metals, bonds, and more.

The ALB company is based in Malta and is authorized by the Malta Financial Services Authority (MFSA), and is also regulated by the European CONSOB and BaFin as cross-border registers. Previously, ALB was regulated by the top-tier Financial Conduct Authority (FCA) in the UK, but after Brexit, as an EEA-based firm, the authorization with the FCA was canceled.

Overall, ALB aims to provide competitive trading conditions, a wide range of trading products, and advanced MetaTrader trading platforms suitable for traders of all skill levels.

ALB Pros and Cons

ALB has several advantages and disadvantages that you should consider when selecting the firm as your Forex trading broker. On the positive side, the company provides a variety of trading instruments, competitive trading fees, and access to popular MT4 and MT5 trading platforms. Additionally, the broker offers 24/7 multilingual customer support, good research tools, and features such as Autochartist, and more.

For the cons, the website lacks comprehensive educational materials and seminars, which may not be ideal for traders seeking in-depth learning resources. Moreover, ALB does not possess a top-tier license even though is regulated in Europe, which may be a concern for traders who prioritize brokers with higher regulatory credentials.

Overall ALB Ranking

Based on our analysis, ALB offers favorable trading conditions, including competitive spreads and pricing for a wide range of financial products. Traders can benefit from access to advanced trading platforms that provide a robust set of tools and features to enhance their trading experience.

• ALB Overall Ranking is 7.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

ALB Alternative Brokers

After considering multiple factors such as trading features, regulatory compliance, spreads, trading instruments, and user reviews, we have conducted an analysis and compiled a list of potential broker alternatives to ALB.

• Veracity Markets – Competitive Trading Conditions
• IG – Wide Range of Trading Instruments
• Trade245 – Low Trading Fees

Is ALB Safe or Scam?

No, ALB is not a scam. It is a regulated brokerage firm authorized and supervised by MFSA and additional European regulatory authorities.

While regulatory oversight offers a certain level of confidence, you should stay alert and thoroughly research the broker to ensure it aligns with your specific trading requirements. However, the broker can be considered relatively safe once it operates under European entities, which adds an additional layer of regulatory protection.

Is ALB Legit?

Yes, ALB is a legit and regulated broker holding the necessary license in the region it is registered, which is a European entity considered safe. 

Being regulated means that the broker operates within the framework of established financial regulations and is subject to oversight to ensure compliance with industry standards. However, conduct your research, read user reviews, and consider other factors to assess the legitimacy and reputation of any brokerage firm before engaging in trading activities.

See our conclusion on ALB Reliability:

• Our Ranked ALB Trust Score is 7.5 out of 10 for the good reputation and services provided. However, assess your individual needs, preferences, and risk tolerance to determine if the broker is the right fit for you.

Protection of Trading Activity

We found that ALB adheres to certain industry standards and compliance requirements, which include client fund protection and segregation from company funds, as well as dispute resolution mechanisms. Additionally, the broker offers additional protections, such as negative balance protection, which ensures that clients do not incur losses exceeding their account balance.

However, we recommend carefully reviewing the broker’s documentation, legal agreements, and policies to fully understand the specific trading protections offered by ALB before engaging in trading activities.

ALB Leverage

Leverage can be beneficial for traders as it enables them to enter the market with a smaller initial investment. Nevertheless, they should possess a comprehensive understanding and the associated risks before participating in leveraged trading.

ALB leverage is offered according to the MFSA regulation:

• Trades are eligible to use higher leverage of up to 1:200 available for Professional Traders and 1:30 for Retail traders due to Europen regulation, so understanding the potential consequences and risks associated with leverage is essential before making decisions about its use in trading.

Account Types

Per our findings, traders have the option to select from three different account types when trading with ALB. The broker offers low spreads and commissions regardless of the chosen account type. For the Mini Account, the minimum initial deposit required is $500 which is not so low like other No Deposit Brokers offers.

Opening ALB Trading Account

Opening an account with a broker is considered quite an easy process, as you can log in and register with ALB within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:

• Select and Click on the “Open an Account” page
• Enter the required personal data (Name, email, phone number, etc.)
• Verify your personal data by upload of documentation (residential proof, ID, etc.)
• Complete the electronic quiz confirming your trading experience
• Once your account is activated and proven, follow with the money deposit.

Trading Instruments

ALB provides access to a diverse range of trading options, including over 100 Forex pairs, stock indices, commodity and crypto CFDs, metals, futures, bonds, and more. This extensive selection allows traders to diversify their portfolios and engage in various markets according to their individual preferences and trading strategies.

• ALB Markets Range Score is 8.5 out of 10 for famous trading product selection. On the other hand, we found that popular asset classes such as ETFs are not available to trade which might be a drawback for some traders

ALB Fees

According to our research and opinion, ALB provides competitive pricing and commissions for a majority of its trading services. However, there might be fees associated with deposits and withdrawals, as well as swap fees depending on the funding method and account type chosen. So, you should carefully examine the broker’s fee structure to fully understand the applicable charges and their potential impact on trading activities.

• ALB Fees are ranked average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers.

Spreads

Based on our test trade, ALB provides competitive and tight spreads, with an average spread of 0.7 pips for the EUR/USD currency pair in the Forex market. Nevertheless, spreads might vary depending on market conditions, volatility, and liquidity. Therefore, we recommend checking the broker’s website or contacting their customer support for detailed information.

• ALB Spreads are ranked average with an overall rating of 7.9 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average and spreads for other instruments are competitive too.

Deposits and Withdrawals

The broker offers a few funding methods to deposit funds into your trading account. These include Bank Wire, Credit/Debit cards, and Crypto payments. However, certain payment methods may have specific requirements or limitations based on the client’s bank or other financial institutions involved.

• ALB Funding Methods we ranked good with an overall rating of 7.9 out of 10. Fees are low, and also you can benefit from various account-based currencies.

Here are some good and negative points for ALB funding methods found:

ALB Minimum Deposit

To open a live trading account with the broker, traders need to deposit $500 as an initial deposit amount for Mini Account, which is a good offering overall but not so low so might be not so good for small trading accounts.

ALB Withdrawals

As we found, to withdraw funds from your account, you can choose the trading account and enter the desired withdrawal amount. If your bank operates in a different currency than your trading account, currency conversion will take place when the payment is received by your bank.

Withdraw Money from ALB Step by Step:

To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:

1. Login to your account
2. Select Withdraw Funds’ in the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with the requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard

Trading Platforms

ALB provides traders with access to the well-known MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are highly regarded in the industry for their strong features, user-friendly interfaces, advanced charting tools, and extensive trading capabilities.

Both MT4 and MT5 platforms are available for desktop use on Windows and Mac operating systems, as well as through mobile applications for iOS and Android devices. Additionally, ALB provides access to the MT5 Web Trader platform. By offering the availability of both platforms, the broker enables traders to select the option that best suits their individual trading preferences and strategies.

• ALB Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers popular MT4 and MT5 advanced trading platforms suitable for swing trading or other strategies

Desktop Platform

We found that ALB desktop platform provides traders with a range of useful trading tools, including 44 analytical charting tools, trading signals, an economic calendar, and more than 38 technical indicators. Traders can also use Expert Advisors (EAs) for automated trading, which can assist in identifying market movements and enhancing trading strategies.

Customer Support

The broker offers 24/7 customer support through various channels, including phone, email, live chat, and social media platforms. Moreover, the support team at ALB is proficient in addressing various needs, including technical inquiries, providing analysis recommendations, answering general questions, and assisting with operational matters.

• Customer Support in ALB is ranked good with an overall rating of 8.5 out of 10 based on our testing. The support team is responsive during working days and weekends, ensuring efficient assistance.

See our find and ranking on Customer Service Quality:

ALB Education

In the end, the broker’s website does not offer extensive educational and research materials, seminars, or webinars, only providing a Blog and an Economic Calendar. This lack of comprehensive educational resources can be seen as a disadvantage since such resources are essential for traders to enhance their skills and knowledge.

However, ALB provides the Autochartist tool, which offers traders user-friendly and efficient features for scanning markets, identifying potential trading opportunities, and making informed decisions on when and what to trade. This tool serves as a valuable resource for traders seeking assistance in their trading strategies.

• ALB Education ranked with an overall rating of 7.5 out of 10 based on our research. We recommend considering alternative brokers that provide a broader selection of educational resources since ALB lacks comprehensive learning materials, which may not be ideal for beginner traders.

ALB Review Conclusion

In conclusion, ALB is a regulated brokerage firm that offers competitive trading conditions, access to a wide range of financial instruments, and advanced trading platforms. The broker provides favorable pricing and commissions, along with tight spreads for various trading activities.

Although ALB lacks extensive educational materials, it compensates with Autochartist and a variety of trading tools, including advanced charting features. Additionally, 24/7 customer support ensures that assistance is readily accessible.

Overall, ALB offers a competitive trading environment that caters to traders of various skill levels. However, the broker does not possess a top-tier license, so you should conduct thorough research and carefully assess whether the broker’s services and offerings align with your trading requirements before deciding.

Based on Our findings and Financial Expert Opinions ALB is Good for:

• European traders
• Traders who prefer the MT4 and MT5 trading platform
• Currency trading
• Beginners
• Advanced traders
• STP/NDD execution
• Competitive spreads
• Good trading tools
• 24/7 customer support