ALB Prime Forex Broker

ALB PrimeReview SummaryFounded2017Registered Country/RegionTurkeyRegulationNo regulationMarket InstrumentsForex, commodities, indices, stocks, bonds and cryptosDemo Account✅Leverage1:100Spread1.6 pips (Mini account)Trading PlatformMetaTrader4 (MT4)Minimum Deposit$500Customer SupportTel: +90 212 337 02 90Email: info@albprime.comSocial media: Twitter, Facebook, Instagram, YouTube, LinkedinPhysical Address: Cumhuriyet Mah. Nakiye Elgün Sok. İkbal Apt. Şişli / Istanbul / TURKEYRegional RestrictionsThe United States, Canada (particularly Quebec), Japan, Turkey, and IsraelALB Prime Information ALB Prime is a Turkey-registered brokerage established in 2017, offering trading in forex, commodities, indices, stocks, bonds, and cryptocurrencies through MetaTrader 4. The broker requires a minimum deposit of $500 across its six account types and provides leverage up to 1:100. However, ALB Prime restricts services to residents of several countries, including the US, Canada (Quebec), Japan, Turkey, and Israel. Importantly, the firm operates without regulation from any financial authority, which potential clients should carefully consider due to the increased risks associated with unregulated brokers.Pros and ConsProsConsVersatile trading accountsLack of regulationMT4 supportRegional restrictionsDemo accountsLack of transparencyMultiple trading choicesTrading fees chargedMultilingual supportIs ALBPrime legit? ALB Prime operates as an unregulated broker without authorization from any financial authority, exposing clients to higher risks due to the complete lack of oversight or investor protections.What Can I Trade on ALB Prime? ALB Prime offers over 170 trading instruments, which can be classified into six types: Forex, commodities, indices, stocks, bonds and cryptos.Tradable InstrumentsSupportedForex✔Commodities✔Indices✔Stocks✔Cryptocurrencies✔Bonds✔Options❌ETFs❌Account Types The broker offers six live trading accounts: Mini, Gold, VIP, ECN, Elite, and Professional. Besides, a demo account is also available.Account TypeMinimum DepositMaximum LeverageSpreadHandling FeesMini$5001:1001.6 pipsStock Basket: $0.5Gold$5,0001:1001.4 pipsVIP$100,0001:1001.2 pipsECN////Elite////Professional////Leverage ALB Prime provides tiered leverage up to a maximum of 1:100, with varying levels across asset classes:Forex & Metals: 1:100Commodities & Indices: 1:50Stock Baskets: 1:25Cryptocurrencies: 1:5ALB Prime Fee ALB Prime maintains a selective fee policy across different asset classes:Stock Baskets: $0.50 per trade commissionCryptocurrencies: 0.40% trading fee (on transaction value)Other Instruments (Forex/Commodities/Indices): Potential commission-free tradingTrading Platform ALB Prime offers MT4 trading on web, desktop, and mobile devices. However, as an unregulated broker, its platform reliability cannot be verified. We strongly recommend choosing a properly regulated broker instead for safer trading conditions.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔PC, web, mobileBeginnersMT5❌/Experienced tradersDeposit and Withdrawal ALB Prime accepts deposits via bank transfer, credit cards, and prepaid cards, but it provides no details about withdrawal methods and fees. As to the processing time, if it requested before 12PM GMT, it will be processed on the same day. If it is requested after 12 PM GMT, then it will be processed on the next working day. This lack of transparency—combined with its unregulated status—poses significant risks. Always verify a brokers withdrawal policies before depositing funds.