Alb Scam Reviewed and explained

Alb Broker review — Safety, assets, support, and many more!

The Safety and Security of Alb

Alb is a regulated FX and CFD broker headquartered in Malta. It operates under the license of the Malta Financial Services Authority (MFSA). The regulator is a reputable entity within the European Union. Founded in 2017, Alb has been regulated since then. The broker offers accounts to both beginners and institutional traders. The broker adheres to the MiFID II directive, offers negative balance protection to retail traders, and offers segregated accounts. The broker is a part of the investor compensation scheme.

Alb Fees and Spreads

Alb offers moderately high spreads on retail accounts varying from 1.4 pips, which is slightly expensive. There are no commissions charged for trading. Pro account offers raw spreads and has variable commissions depending on the traded instrument. Corporate accounts offer customized trading environments with spreads and fees. There are no deposit or withdrawal fees, which makes Alb relatively cost-efficient, but not a cheap broker.

Alb Accounts, Deposits, and Withdrawals 

Alb offers three different types of accounts, retail, pro, and corporate.

The Alb standard account has the following specs:

• Minimum Deposit: $200
• Leverage: 1:30 (retail)
• Platform: MetaTrader 5
• Base Currencies: USD, EUR, GBP, CHF
• No commissions spread from 1.4 pips

The standard account is for retail traders and has negative balance protection. However, the broker does not offer 0 pips accounts for retail traders.

The pro account is for institutional traders and offers:

• Requirements: Portfolio over €500,000 + 10 trades/quarter
• Leverage: 1:100
• Platform: MT5
• Tight raw spreads, commissions vary

This account requires traders to have large trading volumes and manage portfolios, offering them lower spreads and varying commissions.

There are also corporate accounts that offer customizable conditions, even better than pro accounts. There are 18000 markets offered for corporate traders.

Deposits and Withdrawals

Alb offers instant deposits and fast withdrawals via debit and credit cards (Visa, MasterCard), and wire transfers. All transactions are commission-less and withdrawals are processed without hidden fees.

Alb Trading Platforms, Assets, and Features

The broker provides its traders with access to an advanced trading platform, MetaTrader 5(MT5). The broker allows custom indicators and Expert Advisors or algorithmic trading. There are advanced charting and analysis tools and a mobile MT5 app is also provided for all mobile devices.

Assets

The broker offers access to diverse assets such as:

• Forex (major, minor, and exotic pairs)
• Commodities (metals, energies)
• Indices and Stocks
• Cryptocurrencies
• Bonds

More than 18,000 assets are offered, which is very competitive. Due to EU regulations, the leverage is capped at 1:30 for retail traders and up to 1:100 for professional traders.

Alb Extra Features

The broker offers many extra features including negative balance protection, multilingual support and platform, economic calendar, market news and blogs, and custom account solutions for corporate clients.

Alb Customer Support Review

Alb provides multi-channel support channels, including live chat, email, and phone support. Support is available in multiple languages and is responsive. Live chat is built inside the website and offers quick assistance.

Alb Education

Alb provides webinars hosted by experts and there are also blogs and analysis. However, the broker lacks video courses and structured beginner guides, which is a drawback.

Should you consider Alb? 

Alb is a safe broker, regulated in Malta by the local FSA. The broker offers the MT5 platform and several accounts for retail and pro traders. There is a negative balance protection available for retail traders. There are no fees charged for deposits and withdrawals and the minimum deposit is 200 euros. With limited educational resources and flexible analysis and blogs, the broker offers both pros and cons.

FAQ on Alb