ALB Prime-Some Detailed Information about This Broker

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

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.

Account Types

The broker offers six live trading accounts: Mini, Gold, VIP, ECN, Elite, and Professional. Besides, a demo account is also available.

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.

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.