ALB Broker
ALB is a trustworthy broker for traders looking for access to MT4/MT5 platforms and a wide range of trading instruments. With competitive spreads and reliable customer service.
Website: www.alb.com
Minimum Deposit: $500
Leverage: Up to 1:200 (Professional), 1:30 (Retail)
Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Regulation: Malta Financial Services Authority (MFSA)
Headquarters: Malta
Founded: 2011
Quick Overview:
- ALB Limited is a Malta-based forex and CFD broker regulated by the MFSA.
- Offers access to both MT4 and MT5 platforms.
- Suitable for traders interested in currency pairs, commodities, indices, crypto CFDs, metals, and bonds.
Is ALB a Legit and Safe Broker?
Yes. ALB is regulated by the Malta Financial Services Authority (MFSA) and is also registered across various European jurisdictions, including CONSOB (Italy) and BaFin (Germany). Although it formerly held FCA authorization, that ended post-Brexit. Overall, ALB operates under recognized EU financial frameworks, offering moderate protection to traders.
Trust Score: 7.8/10
Regulatory License: MFSA License No. C 79767
Pros and Cons
Pros:
- Regulated by MFSA
- MT4 and MT5 access
- Competitive spreads and fees
- 24/7 multilingual customer support
- Advanced tools like Autochartist
Cons:
- Limited educational materials
- No top-tier license (e.g., ASIC or FCA)
ALB Leverage
ALB offers:
- Up to 1:30 for Retail Traders (in line with EU guidelines)
- Up to 1:200 for Professional Traders (subject to qualification)
Leverage is a double-edged sword—enhancing gains but also increasing risk. ALB follows European regulations in offering safer leverage limits for less experienced traders.
ALB Account Types
ALB provides three main account types:
- Mini Account – $500 minimum deposit (basic features)
- Standard Account – For intermediate traders
- Premium Account – Advanced tools and lowest spreads
Demo accounts are available for strategy testing.
Account Opening Process:
- Register via the website
- Submit KYC documents
- Complete a trading knowledge quiz
- Fund your account
ALB Fees & Spreads
Fees:
- Competitive trading fees
- Swap/overnight fees apply
- Deposit/withdrawal fees may vary based on method
Spreads:
- EUR/USD average spread: 0.7 pips
- Spreads may vary during high volatility
Fee Rating: 3.9/5
Deposits and Withdrawals
Deposit Options:
- Bank Transfer
- Credit/Debit Cards
- Cryptocurrency Payments
Minimum Deposit: $500 (Mini Account)
Withdrawal Process:
- Log in and select ‘Withdraw Funds’
- Enter withdrawal amount and preferred method
- Submit request and track via dashboard
Pros:
- Multiple funding options
- Supports various currencies
Cons:
- Some methods may face restrictions
Trading Platforms
ALB offers:
- MetaTrader 4 (MT4) – Ideal for Forex and CFD traders
- MetaTrader 5 (MT5) – Supports more instruments and advanced analysis
Available On:
- Desktop (Windows/Mac)
- Mobile (iOS/Android)
- Web-based (MT5 WebTrader)
Platform Features:
- 44 analytical tools
- Economic calendar
- Trading signals
- EAs for automation
- Autochartist plugin
Platform Rating: 4.3/5
Customer Support
- Available 24/7
- Support channels: Phone, Email, Live Chat, Social Media
- Responsive and helpful team
Support Rating: 4.3/5
Education
While ALB offers basic resources like an economic calendar and a trading blog, it lacks webinars, tutorials, or structured courses. However, the Autochartist tool helps fill this gap.
Education Rating: 3.8/5
Final Verdict: Should You Trade with ALB?
ALB is a trustworthy broker for traders looking for access to MT4/MT5 platforms and a wide range of trading instruments. With competitive spreads, reliable customer service, and solid regulatory standing, it appeals to both beginner and experienced traders.
Best for:
- Forex and CFD traders in Europe
- Users seeking MT4/MT5 platforms
- Traders needing 24/7 multilingual support
- Those who value advanced analysis tools like Autochartist
Not ideal for:
- Traders seeking a broker with top-tier licenses (e.g., FCA, ASIC)
- Beginners needing extensive educational support