ALB Prime-Some Detailed Information about This Broker
Abstract：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.
| ALB PrimeReview Summary | |
| Founded | 2017 |
| Registered Country/Region | Turkey |
| Regulation | No regulation |
| Market Instruments | Forex, commodities, indices, stocks, bonds and cryptos |
| Demo Account | ✅ |
| Leverage | 1:100 |
| Spread | 1.6 pips (Mini account) |
| Trading Platform | MetaTrader4 (MT4) |
| Minimum Deposit | $500 |
| Customer Support | Tel: +90 212 337 02 90 |
| Email: info@albprime.com | |
| Social media: Twitter, Facebook, Instagram, YouTube, Linkedin | |
| Physical Address: Cumhuriyet Mah. Nakiye Elgün Sok. İkbal Apt. Şişli / Istanbul / TURKEY | |
| Regional Restrictions | The United States, Canada (particularly Quebec), Japan, Turkey, and Israel |
ALB 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 Cons
| Pros | Cons |
| Versatile trading accounts | Lack of regulation |
| MT4 support | Regional restrictions |
| Demo accounts | Lack of transparency |
| Multiple trading choices | Trading fees charged |
| Multilingual support |
Is 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 Instruments | Supported |
| Forex | ✔ |
| 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 Type | Minimum Deposit | Maximum Leverage | Spread | Handling Fees |
| Mini | $500 | 1:100 | 1.6 pips | Stock Basket: $0.5 |
| Gold | $5,000 | 1:100 | 1.4 pips | |
| VIP | $100,000 | 1:100 | 1.2 pips | |
| ECN | / | / | / | / |
| Elite | / | / | / | / |
| Professional | / | / | / | / |
Leverage
ALB Prime provides tiered leverage up to a maximum of 1:100, with varying levels across asset classes:
- Forex & Metals: 1:100
- Commodities & Indices: 1:50
- Stock Baskets: 1:25
- Cryptocurrencies: 1:5
ALB Prime Fee
ALB Prime maintains a selective fee policy across different asset classes:
- Stock Baskets: $0.50 per trade commission
- Cryptocurrencies: 0.40% trading fee (on transaction value)
- Other Instruments (Forex/Commodities/Indices): Potential commission-free trading
Trading 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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit 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.
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