ALB Prime-Some Detailed Information about This Broker

ALB Prime is a brokerage registered in Turkey, established in 2017, that offers trading in forex, commodities, indices, stocks, shares, bonds, and cryptocurrencies on the widely used MetaTrader 4 platform. The company offers six account types, with a minimum deposit requirement of $4.999 and leverage up to 1:100.

However, please note that ALB Prime does not provide services to residents of certain countries, including the United States, Canada (particularly Quebec), Japan, Turkey, and Israel.

Additionally, ALB Prime has not obtained a legal license from any financial regulatory authorities.

Pros and Cons

Is ALB Prime Legit?

ALB Prime has not obtained authorization from any regulatory body, resulting in a lack of legitimate oversight.

What Can I Trade on ALB Prime?

ALB Prime offers over 170 trading instruments, which can be classified into six types:

Forex: AUD/CAD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/TRY...

Commodities: coffee, sugar, precious metals, energies...

Indices: DOW30, DXY, ESP35, EU50, FRA40, GER40...

Stocks and shares: 3M, ABBVIE, ACTIVISION, ADIDAS, ADOBE...

Bonds: BUND10YR, GILT10YR...

Cryptos: AVALANCHE, BINANCE, COINBASE, POLKADOT, STELLAR, BITCOIN

Account Type/Spread

ALB Prime provides six types of live accounts: Mini, Gold, VIP, ECN, Elite, and Professional Account.

Details about minimum deposit, fees, spreads, and maximum leverage for the first three types of accounts (Mini, Gold, VIP) can be found in the following form.

For details about the ECN, Elite, and Professional accounts, please contact online support or email info@albprime.com, and they will provide you with the necessary information.

Apart from live accounts, ALB Prime also offers a free demo account for you to practice before investing money and conducting actual transactions.

However, we still recommend avoiding trading with an unregulated broker.

Leverage

ALB Prime offers flexible trading leverage, with a maximum leverage of 1:100. The leverage varies for different trading instruments: for forex and metals, it is set at 1:100; for commodities and indices, it is 1:50; for stock baskets, it is 1:25; and for cryptocurrencies, it is 1:5.

ALB Prime Fees

ALB Prime mentioned in its account information that it charges $0.50 per trade for stock basket trading.

Additionally, it charges a fee of 0.40% for cryptocurrency trading.

For other types of trading, ALB Prime may not charge fees.

Trading Platform

ALB Prime claims to provide the world-leading trading platform MT4, with web, tablet, and mobile devices available. However, since this broker lacks regulation, before considering trading or dealing with it, you should conduct thorough research and it would be better to choose a broker with proper and legal regulation.

Deposit and Withdrawal

In its cost information section, ALB Prime mentioned that it supports deposits via bank transfer and credit card, as well as prepaid card. However, it did not disclose any information concerning withdrawals.