Is this an albino roach?

No, this is not an albino roach. In fact there is no such thing as an albino roach.   This “white roach” is actually a newly molted Cockroach. When an insect molts it comes out white and stays white until the new exoskeleton has time to harden. For example, an American Cockroach commonly called a “Palmetto Bug,” goes through 10-13 molts in their two year lifespan. It takes just a few hours for the roach to turn brown and harden again.