General Information & Regulation
ALB is an online trader of Forex and CFDs, providing financial services to retail investors and professional traders (including collective investment plans). The company entity was registered in Malta in 2017 and has a full license from the Malta Financial Services Authority (MFSA) withregulatory license number 79767 and an EU authorized representative license from the UK Financial Conduct Authority, license number 786939.
ALB Markets Instruments
ALB trading products include forex (more than 100 currency pairs ), commodities (including soft commodities such as soybeans, corn, and wheat), indices (North American, European, and Asian stock indices), stocks, and energy (West Texas Intermediate Crude Oil, Brent crude oil, and natural gas CFDs), precious metals CFDs, etc.
Minimum Deposit
ALB has set up Basic accounts, Silver accounts, Gold accounts, and VIP accounts. Minimum deposit of each account is not fully disclosed, and for this part, traders can contact with this broker's customer support staff.
Leverage
The leverage of forex products is 1:30 for Retail(ESMA) and 1:100 for Professionals. The leverage of commodities is 1:10 for Retail(ESMA) and 1:50 for Professionals. The leverage of energies is 1:10 for Retail(ESMA)and 1:50 for experts. The leverage of stock indices CFDs is 1:20 for Retail(ESMA) and 1:50 for Professionals. The leverage of cryptocurrency is 1:2 for Retail(ESMA) and 1:5 for Professionals.
ALB Spreads & Commissions
Spreads and commissions vary depending on account types. The spreads on EURUSD are 1.5 for the Basic account, 1.1 for the Silver account, 0.9 for the Gold account, and 0.7 for the VIP account. The spread of GBPUSD is 1.8 for the Basic account, 1.4 for the Silver account, 1.2 for the Gold account, and 1 for the VIP account. USD/JPY spreads are 1.6 for basic accounts, 1.2 for silver accounts, 1 for gold accounts, and 0.8 for VIP accounts. Commodities, energy, stock index CFDs, and cryptocurrency trading commissions are 10 euros per lot.
Trading Platform
ALB provides traders with a robust trading platform supported by MetaQuote technology: MetaTrader 4, MetaTrader 5, and WebTrader. MT4 is the world's largest trading platform and has the largest group of traders. Traders can simultaneously conduct transactions, analyze and manage risks. MT5 is the most advanced multi-asset trading platform, suitable for traders with large trading volumes, technical and fundamentals. WebTrader allows traders to trade using any web browser (Windows, Mac, Linux) with the same functions as the desktop version.
Deposit & Withdrawal
The deposit method is bank transfer and credit card. The accepted currencies for bank transfers are EURO, USD, BGP, and CHF, with no handling fees charged. The accepted currencies for credit cards are EURO and USD currencies, no fees charged during withdrawal, and fast execution.
ALB Cons
Obviously, there are some drawbacks for this broker, such as limited payment methods, high spreads on the basic account, no clear minimum deposit information, etc., defintely can give traders more trouble.
