In the vast landscape of the European online Forex and CFD market, ALB.com stands out as a distinctive dot of color.
The operation has already won a number of major prizes within the European financial industry, despite the fact that it was only established in 2017, making it a novice according to conventional wisdom.
It was recognized as The Best Forex Company and Trade Execution House in Europe in 2017, and it also won the award for Best Newcomer at the 2017 Chinese Forex Expo. Both of these accolades were earned by the company.
The corporation has entered into a regional collaboration with the Borussia Dortmund football team in Italy.
To cut a long tale short, after their inception, ALB have been quite active on the marketing front, and they have done remarkable things in a startlingly short amount of time in reference to this topic.
The date of registration for the corporation was February 28, 2017, and the date of issuance of the MFSA license was March 30, 2017.
In Ta’Xbiex, Malta, at number 48, Casa Roma, Sir Augustus Bartolo Street, the location of the company’s headquarters can be found. Its identification number is C 79767.
In accordance with the Investment Services Act, ALB Ltd. has been granted permission and a license to operate as an investment service provider by the Malta Financial Services Authority (MFSA). It possesses a license of category 3 and is authorized to provide two types of investment services: trading for its own account and the execution of orders placed on behalf of other people. Retail customers, professional customers (including participants in collective investment schemes), and qualifying counterparties are all catered to by the company.
Since the MFSA is an EU regulator, the license that it has issued to ALB.com allows the latter the freedom to operate everywhere within the EEA, with the obvious exception of nations that have outright prohibited online trading for all intensive and practical purposes.
Given all of this information, it is reasonable for us to draw the conclusion that the regulatory foundations of the operations are quite strong.
The strategy that ALB.com has employed in order to dominate the marketplaces in Europe is knowledgeable, well-executed, and successful.
Why would you choose these men over their competitors, some of whom may have greater experience?
The technology that ALB.com uses is a source of tremendous pride for the company. In point of fact, the trading platforms are ones that are at the cutting edge of technology, and the trading conditions are also more than good.
In addition to this, the broker is reputable and subject to regulation (as was mentioned earlier), and in accordance with EU Directive 97/9, it is a member of the Investor Compensation Scheme.
The funds that traders deposit are maintained in separate accounts for security reasons. Price Waterhouse Coopers performs periodical audits on the financial statements of the operation that they are responsible for auditing.
The broker does not provide its own analysis or educational material; however, it does provide access to third party suppliers who do produce these services and advantages.
Perhaps most crucially, the broker asserts that they provide protection against having a negative balance. Choosing a registered broker is the most secure way to trade, since this type of broker is required by regulation to preserve a customer’s negative balance. As a result, customers cannot lose more money than they have initially invested, which is the greatest conceivable way to trade safely. ALB, which is a regulated broker, offers this service. In addition, because the company is a participant in the Investor Compensation Scheme (ICS), its clients are covered by the protection of a rescue fund in the event that the company is unable to continue operations for some reason.
Trading Platforms Provided by ALB.com
The broker offers a truly impressive variety of trading platforms, some of which are among the very best and most widely used in the industry. These platforms include MT4, MT5, and MetaQuotes’ WebTrader, and they are designed to meet the requirements of individual traders in every conceivable circumstance.
Those who are familiar with trading platforms are well aware that this pick is most likely not the result of random chance: each of the highlighted trading platforms is tailored to meet a unique set of requirements.
Without a shadow of a doubt, MT4 is the most well-known and, one could argue, the most capable trading platform.
MT4 not only has excellent charting capabilities, but it also has a trading environment that can be fully customized, and it also supports automated trading through the use of Expert Advisors (EAs). EAs are among the most well-liked aspects of the MetaQuotes platform suite, and the best way to make use of them is in conjunction with a VPS service that is both dependable and of high quality.
Additionally, MT4 can be accessed on mobile devices.
MT5 might sound like the next natural evolutionary step after MT4, but in reality, it is somewhat distinct from MT4 in a few key respects.
Having said that, it does come with an excellent collection of features and capabilities, such as a fantastic technical analysis that is simplified by the presence of more than 80 built-in technical indicators.
In addition, the platform provides access to an economic calendar, which is a tool that may be of EXTREMELY beneficial when conducting fundamental analysis.
The software allows users to place no fewer than 8 different types of orders, including stop loss, take profit, sell/buy stop limit, sale limit, sell stop, purchase stop, and buy limit.
Numerous language options are provided for use of the graphical user interface.
Mobile versions of both MT4 and MT5 are also currently in development. This edition offers no less than three different kinds of charts and nine different time frames, and it also comes pre-loaded with approximately thirty different technical indicators.
Those individuals who do not wish to bother downloading and installing anything on their local workstations can use the WebTrader instead. The Web Trader has excellent browser compatibility; the only thing one truly requires in order to use it is an active internet connection.
The WebTrader supports nine different time frames and around thirty of the most common and helpful technical indicators, despite the fact that it is in no way comparable to the full MT4 and MT5 platforms in terms of its functionality.
It does this by delivering real time market quotes through Market Watch.
Methods of Making Deposits and Withdrawals
Credit cards and bank wire transfers are both forms of payment that are accepted by ALB.com.
In addition, deposits made with credit cards can be made in either Euros or US Dollars. When it comes to wire transfers, users have the option of depositing in EUR, USD, CHF, or GBP.
The day a withdrawal request is received is considered to be “processing day” for that withdrawal.
All client money that are deposited with ALB are held in separate bank accounts and are not mixed in with the company’s operating capital in any way. ALB takes measures to ensure that client funds are not put to any other use than what they were intended for. In addition, both ALB’s interim and annual financial reports are audited by Price Waterhouse Coopers, which is widely regarded as the preeminent financial auditing firm in the world.
Market Coverage as well as the Conditions for Trading
The broker provides an excellent level of market coverage. It deals with the standard primary categories of currency pairs, indices, energy, and commodities in addition to cryptocurrencies.
As is customary, currency pairs offer some of the most favorable trading conditions. There is a spread of 8 points on the EUR/USD pair. There are more than one hundred different currency pairs that may be traded, and traders have the option of opening either a raw spread account or an electronic communication network account.
Commodities derived from agriculture, such as wheat, soybeans, and corn, as well as commodities derived from energy sources, such as oil and natural gas, can be traded.
Bitcoin, Litecoin, Ethereum, XRP, and bitcoin Cash are the five cryptocurrencies that are now in circulation alongside bitcoin itself. The spreads on this asset class are fairly considerable, which is understandable given the high degree of volatility exhibited by these digital assets.
It is essential to emphasize the fact that genuine cryptocurrency cannot be purchased through ALB.com at this time. A financial derivative is used to facilitate trading in this asset class.
Trading that is based on derivatives is also possible with respect to indexes from Europe, North America, and Asia.
The Final Word on the ALB
Although ALB.com is relatively new to the field of online FX/CFD trading, it is by no means an amateur.
The broker has put together a highly appealing overall trading package, which includes amazing market coverage and excellent trading platforms.
It is impossible to ignore the fact that ALB.com is governed by the laws of Malta and that it provides its customers with a number of different levels of protection. There is the membership in the Investor Compensation Scheme, there is protection against negative balances, and there is protection that results from the utilization of segregated accounts for client monies.
A personal account manager who is available via live chat and phone support is provided to each client of ALB so that they can receive a personalised service that is delivered in the strictest confidence and with the highest level of professionalism. This is done in each of the eight languages that are supported by ALB.
