ALB is a forex broker located in Malta, regulated by the Malta Financial Services Authority (MFSA).
Be aware, the company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
ALB accepts clients from all over the world, excluding USA and most OFAC sanctioned countries.
Forex broker offers the following underlying assets for trading.
|35+ Currency Pairs||Based on major and minor world currencies.|
|5 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.|
|11 Indice CFDs||Based on baskets of different blue-chip stocks and US Dollar Index.|
|9 Metal CFDs||Based on Gold, Silver and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|7 Soft Futures||Based on Cocoa, Corn, Coffee, Cotton, Soybean, Sugar and Wheat.|
|40+ Stock CFDs||Based on shares of US companies.|
Headquartered in Malta and regulated by the Malta Financial Services Authority (MFSA) and the European Securities and Markets Authority (ESMA), ALB is a classic forex broker that offers trading on the MetaTrader 4 & 5 and cTrader platforms. The broker has been around since 2017, and appears to be mainly catering to European clients.
As a consequence of being headquartered in the European Union, ALB is only able to offer trading leverage of up to 1:30 for all of its non-professional clients (1:100 for professional clients). Also, keep in mind that this amount of leverage is only available on the most liquid trading instruments such as major forex pairs. More volatile instruments like stocks and crypto will have lower leverage. For comparison, many forex brokers based offshore offer leverage as high as 1:500 or more on the most liquid instruments.
In terms of assets that are available to trade, ALB covers pretty much everything a trader could ask for, with the exception of government bonds, interest rates and perhaps ETFs. Forex, commodities, stocks, indices and cryptocurrencies are all covered, although the number of instruments offered in each of these asset classes could have been better. For example, only five major cryptos are offered, while stock traders will have stocks from just over 40 US-listed companies to play with. For forex traders, however, this broker’s offering may be just what they need, with about 35 forex pairs to trade on.
All of the instruments that are available from ALB can be traded on any of the trading platforms the broker supports, whether that is the downloadable MetaTrader 4 or 5 (MT4/MT5), cTrader, or the web or mobile version of one of these platforms. Moreover, this broker does not give away privileges based on the size of one’s trading account, like most other brokers do. Instead, ALB has a one-size-fits-all solution when it comes to trading accounts, with only a minimum deposit of USD 200 needed to get started trading.
To deposit funds into the trading account, ALB clients can choose to make either a bank transfer in EUR, USD, GBP or CHF, or use a credit card in either EUR or USD. We’re happy to see that the broker accepts deposits free of charge, regardless of the currency and payment method used.
Customer support is another area ALB stands out in, with service available in 8 languages, as well as a personal support agent for each account holder. To reach the support department, clients can either use the live chat option, send an email, or use the local phone numbers that are provided in Germany, the UK, Spain and Italy. Unfortunately, the broker has not published any information about its support team’s working hours, which makes us doubt whether 24 hour support is available here.
In summary, it’s safe to say that ALB is a forex & CFD broker that is trying to establish a strong presence within Europe, with its ESMA and MFSA regulations giving local traders a sense of security and credibility. In other parts of the world, however, we believe the broker will struggle to gain any significant momentum, largely because of the strict limitations on trading leverage that has been imposed by European regulators.