ALB Review
Rana Adnan | September 22, 2020
Table of Contents
ALB is an online trading broker that is based in Malta and provides traders with various sophisticated trading platforms for trading a wide variety of financial instruments, including forex, commodities, indices, energies, equities, and cryptocurrency. They provide traders with a selection of educational resources and trading tools.
Broker Pros / Cons
- Multiple trading platforms
- A range of useful trading tools
- A selection of educational resources
- A wide variety of trading instruments
- Limited trading account types
- Limited deposit & withdrawal methods
- Not the tightest spreads
- Located offshore
- No USA clients
Summary
ALB is a multi-asset brokerage firm that offers multiple financial instruments for trading online, along with a range of other trading services and features, including investor protection, segregation of funds, cutting edge technology, various platforms, research, and analysis. There is a dedicated customer support team available to assist traders. The broker has been honored with numerous industry awards, including Best Newcomer 2017, Best Forex Company Europe 2019, and more.
ALB Awards & Nominations
Regulation
ALB Limited is authorized and regulated by the Malta Financial Services Authority with license number: IS/79767.
Traders from different parts of the globe can open a trading account with the broker if doing so would not be contrary to any local law or regulation.
Platforms
MT4/MT5
The MT4 and MT5 trading platforms were launched in 2005 and 2010 respectively by the Russian software corporation, MetaQuotes. MetaTrader 4 is one of the world’s most popular trading platforms due to its simple and intuitive interface with a wide range of management tools, and graphic applications. It allows traders to automate their trades using expert advisors (EAs).
The MT5 trading platform has all of the same features of the MT4 but with advanced features and capabilities, such as MQL5 programming language, multilingual user interface, support for 21 time-frames, and technical and fundamental analysis tools. The MT5 platform is a multi-asset trading platform that clients can use to trade shares and other assets.
Both the MT4 and MT5 trading platforms are available as desktop applications for Windows and Mac computers, WebTraders, and mobile trading apps for Android and iOS devices.
ALB MetaTrader Trading Platforms
cTrader
cTrader is a leading multi-asset forex and CFD trading platform, offering rich charting tools, advanced order types, level II pricing, and fast trade execution. With a stunning user interface, the cTrader trading platform is connected to the most sophisticated backend technology and is available as desktop, web, and mobile versions.
ALB cTrader Trading Platform
Tools
Traders are provided with a range of useful trading tools, such as Research & Analysis, Economic Calendar, Autochartist, and Market Outlook.
Education
The broker’s website contains some educational materials, such as learning articles and an FAQ section that gives instant answers to the most common questions traders may have.
Markets
ALB offers the following trading instruments: forex, commodities, indices, energies, equities, and cryptocurrencies.
Accounts
Traders can open a live trading account and a demo account for practice purposes.
Support
The broker’s client support team is available to respond promptly to traders’ inquiries through telephone, email, Live Chat, and social media.
Funding
ALB allows traders to deposit and withdraw using any of the following payment methods:
- Bank transfer
- Credit/Debit cards
Signup
To open an account, click on the ‘Open Account’ button and fill in the account application form, entering the required information and checking the relevant boxes, and then submit.
Compare
| Broker Features | AvaTrade | IG | IC Markets | |
|---|---|---|---|---|
| Founded | 2006 | 1974 | 2007 | |
| Regulated | ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA | FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF | ASIC, CySEC, FSA, SCB | |
| Country | Australia, Ireland, South Africa, Japan, British Virgin Islands | Australia, UK, USA, Switzerland, UAE, Singapore, Japan | Australia, Seychelles, Bahamas, Cyprus | |
| Min. Deposit | Min $250 Deposit | Min $100 Deposit | Min $200 Deposit | |
| Commission | From $0 | From $0 | From $0 | |
| Spreads | Fixed | Variable | Variable | |
| Leverage | 1:400 | 1:200 | 1:500 | |
| Instruments | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs | Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs | |
| Platforms | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile | MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile | MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile | |
| Type | Market Maker, STP | STP, ECN, DMA | ECN | |
| Funding | Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill | Wire Transfer, Credit/Debit Cards, PayPal | Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli | |
| Visit Broker | Visit Broker | Visit Broker | Visit Broker |
Conclusion
ALB is an online trading broker that operates from Malta, providing traders with industry-standard trading platforms for trading the offered products via desktop, web and mobile. In addition this, they have a selection of trading tools to assit traders and have won several industry awards in honor of their brokerage services.
Min $200 Deposit
ALB is a multi-asset brokerage firm that offers multiple financial instruments for trading online, along with a range of other trading services & features.
About the Author
Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.
Review Methodology
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