albaditrader has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I had a dispute with albaditrader and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Easy withdrawals|No hidden fees|Smooth onboarding
Cons: No crypto staking|Desktop app not available on Linux
After using albaditrader since the beginning of the year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Competitive fees|Fast execution
Cons: Account statements could be more detailed
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. albaditrader said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Social trading features|Dividend tracking|Low minimum deposit|Educational resources
Cons: Alert system is basic
albaditrader seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Smooth onboarding|Educational resources|Clean UI|Multi-device support
Cons: Wait times can be long during peak hours|Help articles are sometimes vague