Alb Forex broker review — Everything you need to know

Alb is a Forex and CFDs broker based in Malta. The ALB Limited is registered and regulated in Malta by the Malta Financial Services Authority. The broker has been around since 2017, which makes it very experienced in the brokerage industry. The broker got its license in the same year, which is always good for the broker’s legitimacy.

Let’s review the broker and evaluate its services to ensure it is safe and reliable.

Alb Overview of the website

The website of Alb is responsive and easy to navigate. It offers all crucial details about the broker’s offerings. However, the website does not offer information about account types available for traders, which makes it nearly impossible to find details about minimum deposit, leverage, and other crucial information. Otherwise, the website is fine and works well.

Alb Accounts Reviewed

Alb offers several accounts for both retail and professional clients. There are standard, pro, and corporate accounts offered.

Alb standard account has the following specs:

Minimum deposit – 200 USD
Spreads from – Floating from 1.4 pips
Commissions – 0 USD
Maximum leverage – 1:30 for retail EU clients
Minimum lot size – 0.01 lots
Platforms – MetaTrader 5 (MT5)
Account base currencies – USD, EUR, GBP, CHF

Retail accounts offer negative balance protection, multilingual support, and access to a wide range of assets like FX, commodities, indices, stocks, bonds, and cryptos.

The Alb Pro account has the following offerings:

Minimum deposit – Portfolio exceeding 500,000 euros and 10 trades per quarter over the last year
Spreads from – Raw spreads
Commissions – vary by instrument
Maximum leverage – 1:100
Minimum lot size – 0.01 lots
Platforms – MT5
Account base currencies – Euro

Pro accounts are for professionals and provide tight spreads, advanced trading tools, and premium conditions which are suitable for portfolio management.

The Alb Corporate account is different from the bunch as it is designed for institutional clients such as regulated entities, investment vehicles, prop firms, and hedge funds. Offers customized solutions, deep liquidity, dedicated support, and access to over 18,000 markets, which is very diverse.

Deposit and withdrawal options at Alb

Deposits and withdrawals at Alb are quick and offered via several payment options such as bank debit cards (Visa, MasterCard), wire transfers, and credit cards. Deposits are instant and require no fees, while withdrawals are quick and also charge no fees.

Alb Assets — What can you trade?

When it comes to trading assets, Alb allows access to a multitude of different asset classes including Forex, commodities, metals, energies, shares & stocks, bonds, and cryptos. Retail traders are limited to 1:30 leverage as per Malta regulations. Professional traders can get 1:100 leverage, which is flexible. Retail traders have to wisely manage their position sizes and deposit a considerable amount to start trading reasonably.

Trading platforms of Alb

The broker offers access to an advanced trading platform, MetaTrader 5 (MT5). The platform allows custom indicators and Expert Advisors (EAs) and the broker allows traders to use these features. Mobile trading is also available via the MT5 mobile app, accessible on all mobile devices, iOS, and Android.

Education at Alb

Alb provides educational resources such as webinars enabling traders to learn from experts. There are no trading courses or video guides available, which is a downside. As for other features, the broker offers news, analysis, blogs, global stock market analysis, and economic calendars.

Alb Customer Support

Alb provides several support channels such as live chat, email, and phone support. This is very important and allows traders to contact the broker from multiple channels. The broker offers both the website and support options in many different languages, making it a multilingual broker.

Alb bonuses and promotions

The broker offers no promotions or bonuses such as deposit bonuses and welcome bonuses. There are events provided periodically but they are not promotions.

Is Alb your broker? Final verdict

Alb is a fully regulated Forex and CFDs broker based in Malta and licensed by the local FSA. The broker has been around since 2017 and provides professional-grade trading features and an advanced MT5 platform. Alb offers multiple accounts for both retail and professional traders and allows access to a diverse set of assets including Forex, bonds, stocks, and cryptos. Alb offers webinars but no bonuses and seems suitable for both beginners and professional traders.