Questions & Answers
What is Albion Ltd?
Albion Ltd is a leading broker/dealer on the currency markets.
Albion Ltd registered in Oakland, New Zealand (reg. no #3388231)
Do you offer futures, options, CFD or other derivatives?
No. Albion Ltd offers only Forex (50 currency pairs).
How to become the client of Albion Ltd?
To become a client, please, contact us at phone, or send the message on office@albionltd.com. Please note, that we don't work with individuals. Your company should be fully legal in your country, and have been authorized for investments and/or assets management.
What trading platforms do you offer?
We offer raw FIX 4.3 connection for both the trading connection and market mata. Please, see Fix protocol specification for details. We don't provide any desktop software for trading.
What are terms of trading?
Terms of trading are individual. But there are some basic conditions:
- comission from $10 for 1 mio (1/2 for opening, 1/2 for closing);
- So-called ECN execution (no dealer intervention);
- Minimal slippage possible;
- Minimal volume - 100 mio monthly, 2 mio daily;
- Maximum leverage - 1:50
I use high-frequency trading strategies. Is there guaranteed execution time for market orders?
We guarantee that market order of minimal value (0.1 mio) would be filled in 90ms. This time does not include time of network data transmission between our servers and your servers.
Do you have demo-accounts?
No, we don't. Because we have only ECN execution, all your trades are immediately affect the price (such as exchange trades). So, it's impossible to show all benefits of ECN-execution on demo-accounts, where your trades actually don't affect the prices.
Do you provide quote history?
No, but you can obtain high-quality quote history at data providers, such as eSignal.
How can I import my trading history?
Trading history for the last day is placed in your Customer area.
To obtain trading history for more than 1 day, you should use TradeCaptureReportRequest message of FIX 4.3 protocol. Please note, that we store trading history only for 1 month above the current date.
Where is my deposit/withdrawal history?
All deposit and withdrawal transfers are reported in your Customer Area.
What is subaccount?
You can open individual accounts for your customers (without trading abilities). Your customers would be able to watch trades you made, but the P/L would be scaled according to their deposits.
Are subaccounts legal?
Yes. As mentioned, we work only with licensed and fully legal assets managers. So, it's fully legal to open accounts for customerts of such assets managers.
I read all the questions and answers, but I still have questions. What should I do?
Please, don't hesistate to contact us. Also, you can send your questions directly from this page.