ALB Review 2020
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.
ALB Review 2020, 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
In this detailed ALB review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
ALB is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including ALB.
ALB Review: 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 Review: Regulation
ALB Limited is authorized and regulated by the Malta Financial Services Authority with license number: IS/79767.
ALB Review: Countries
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.
Some ALB features and products mentioned within this ALB review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
ALB Review: Trading Platforms
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.
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 Review: Trading Tools
Traders are provided with a range of useful trading tools, such as Research & Analysis, Economic Calendar, Autochartist, and Market Outlook.
ALB Review: 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.
ALB Review: Trading Instruments
ALB offers the following trading instruments: forex, commodities, indices, energies, equities, and cryptocurrencies.
ALB Review: Trading Accounts & Fees
Traders can open a live trading account and a demo account for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this ALB review. It is imperative to ensure that you check and understand all of the latest information before you open an ALB broker account for online trading.
ALB Review: Customer Service
The broker’s client support team is available to respond promptly to traders’ inquiries through telephone, email, Live Chat, and social media.
ALB Review: Deposit & Withdrawal
ALB allows traders to deposit and withdraw using any of the following payment methods:
- Bank transfer
- Credit/Debit cards
ALB Review: Account Opening
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.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
ALB Review: 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.