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ALB Prime foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://account.albprime.com/en, about the company's legal and temporary regulatory information, the company's address Cumhuriyet Mah. Nakiye Elgün Sok. İkbal Apt. Şişli / Istanbul / TURKEY.

ALB Prime Forex Broker

Basic Information

Registered Region
Turkey
Operating Period
--
Company Name
ALB Group Holding
Abbreviation
ALB Prime
Company employee
--
Customer Service Email Address
info@albprime.com
Contact Number
+902123370290
Company Website
Company address
Cumhuriyet Mah. Nakiye Elgün Sok. İkbal Apt. Şişli / Istanbul / TURKEY
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

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.

Rating Index

ECN

Minimum Deposit
500 USD - 4.999 USD

Elite

Minimum Deposit
500 USD - 4.999 USD

  

ALB Prime Forex Broker - Complete Information Guide

  

1. Broker Overview

  ALB Prime is a forex and CFD brokerage firm established in 2017. The company is headquartered in Malta, with additional offices located in Saint Vincent and the Grenadines and Turkey. As a private entity, ALB Prime operates under the ownership of ALB Limited, which has made its mark in the financial trading industry by offering a diverse range of trading services.

  ALB Prime caters primarily to retail clients, providing access to over 170 financial instruments across various asset classes, including forex, commodities, indices, and cryptocurrencies. The broker has gained recognition for its commitment to customer service and has been awarded titles such as the Best Forex Broker in Europe at various international exhibitions, including the Forex Expo in 2022.

  The companys business model focuses on retail forex trading, enabling clients to engage in active trading strategies while offering services suitable for both novice and experienced traders. By leveraging advanced trading technologies, ALB Prime aims to enhance the trading experience for its users.

  

2. Regulation and Compliance Information

  ALB Prime operates under the regulation of the Malta Financial Services Authority (MFSA), with the regulatory license number C79767. The broker also complies with the regulations set by Consob and BaFin for cross-border services within the European Union. However, it is important to note that the broker lost its authorization from the UK's Financial Conduct Authority (FCA) following Brexit, which has raised some concerns among potential clients.

  The company adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring that client funds are kept in segregated accounts at regulated banks, separate from ALB Prime‘s operational funds. The firm is a member of the Investor Compensation Scheme (ICS), providing additional protection for clients’ investments. This regulatory framework enhances the trustworthiness of ALB Prime, although it is classified under a Tier-2 regulatory status, which is less stringent compared to top-tier regulators.

  

3. Trading Products and Services

  ALB Prime offers a comprehensive selection of trading products, including over 100 forex pairs, which encompass both major and exotic currencies. In addition to forex trading, clients can access a variety of CFD products, including:

  • Indices: Major stock indices such as the S&P 500 and Dow Jones.
  • Commodities: Precious metals like gold and silver, as well as energy products.
  • Stocks: CFDs on shares from prominent companies.
  • Cryptocurrencies: Trading options for major cryptocurrencies like Bitcoin, Ethereum, and others.

  The broker frequently updates its product offerings, with new financial instruments being added to meet the evolving needs of traders. ALB Prime primarily focuses on retail trading services, although it also offers various solutions for institutional clients, including white-label services.

  

4. Trading Platforms and Technology

  ALB Prime provides access to the widely-used MetaTrader 5 (MT5) platform, which is known for its advanced trading capabilities and analytical tools. The platform is available for desktop, web, and mobile devices, allowing traders to engage with the market conveniently from anywhere.

  The broker also supports MetaTrader 4 (MT4), catering to users who prefer this popular platform. ALB Prime employs a Market Execution model, which aggregates prices from multiple liquidity providers to offer competitive spreads. The brokers trading infrastructure is robust, with servers located in major data centers such as Equinix NY4 and LD4, ensuring fast execution speeds.

  Additionally, ALB Prime supports automated trading through Expert Advisors (EAs), allowing traders to implement their strategies and algorithms effectively.

  

5. Account Types and Trading Conditions

  ALB Prime offers several account types designed to meet the diverse needs of traders:

  • Basic Account: Requires a minimum deposit of $250 and provides access to standard trading features.
  • Silver Account: Suitable for more experienced traders, starting with a deposit of $500.
  • Gold Account: Designed for advanced traders with a minimum deposit of $5,000.
  • VIP Account: For professional traders, requiring a deposit of $10,000 or more.

  The broker offers competitive trading conditions, including variable spreads and no additional trading commissions. The leverage offered by ALB Prime can reach up to 1:100, depending on the asset class. Traders can execute a minimum order size of 0.01 lots, and the broker's overnight fees are generally competitive.

  

6. Fund Management

  ALB Prime supports various deposit methods, including bank transfers, credit/debit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the Basic Account starting at $250.

  Deposits are processed promptly, with most transactions being completed on the same day if submitted before the cut-off time. The broker does not charge deposit fees, making it economical for clients to fund their accounts.

  Withdrawal methods include bank wire transfers and credit cards, with no withdrawal fees imposed by the broker. However, clients should be aware that their banks may charge fees for processing withdrawals. The withdrawal processing time is typically swift, with requests handled on the same day if submitted within business hours.

  

7. Customer Support and Educational Resources

  ALB Prime provides comprehensive customer support, available 24/7 through multiple channels, including phone, email, live chat, and social media platforms. The support team is multilingual, ensuring that traders from various regions can receive assistance in their preferred language.

  In terms of educational resources, ALB Prime offers a limited selection of materials, primarily aimed at verified clients with active accounts. These include video tutorials covering trading basics and advanced strategies. Market analysis services such as daily reports and news updates are also available to help traders make informed decisions.

  

8. Regional Coverage and Restrictions

  ALB Prime primarily serves clients in the European Union and several other regions, with offices established in Turkey and St. Vincent and the Grenadines. However, the broker does not accept clients from certain countries, including the United States, Canada, Japan, and Israel.

  This regional restriction is important for potential clients to consider, as it may limit access to the broker's services based on their location. Additionally, ALB Prime's offshore operations may pose increased risks for non-EU clients, as these entities are not subject to the same regulatory oversight as the main company.

  In summary, ALB Prime offers a diverse range of trading products and services, supported by robust trading platforms and customer service. While the broker is regulated by the MFSA, potential clients should carefully consider the implications of its Tier-2 regulatory status and the associated risks before engaging in trading activities.

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Latest Reviews

万事吉祥

万事吉祥

Hong Kong

This is the best investment website I have ever seen. it's so easy to use. I do need to have forex experience before I can start making money now. I am now financially free.

Positive

2022-12-08

ALB Prime Forex Broker has an overall rating of 1.47, Regulatory Index 0.00, License Index 0.00, Business Index 6.69, Software Index 4.00 Risk Control Index 0.00.