In this guide, we go over the best trading platforms in Algeria. We analyzed and researched hundreds of brokers, based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.
Top 5 Trading Platforms for Traders in Algeria
- AvaTrade is the Best Trading Platform in Algeria. Low Fees and Commissions. Wide Range of Forex Pairs, Crypto and CFD products.
- Pepperstone comes in second place. Best Low Spread Forex and Index CFDs. Low fees.
- XM takes third place. Great Trading Platform for Algerian Traders. Broad CFD product portfolio, research and education.
- IC Markets is in fourth place. Great Forex Broker in Algeria.
- IFC Markets . Fast Execution Speeds, 600+ Instruments in Algeria.
Best Online Trading Platforms and Brokers in Algeria
| Trading Platform | Our Score | Information | Minimum Deposit | |
|---|---|---|---|---|
| #1 | Avatrade | 4.9 | Intuitive Trading Platform and Mobile App. Great For Forex and Crypto Day Trading. | $100 |
| #2 | Pepperstone | 4.8 | Low Spread Forex Broker for Algerian Traders | $100 |
| #3 | XM | 4.8 | Wide Range of CFD Products | $5 |
| #4 | IC Markets | 4.7 | Low Forex Fees. Fast Execution Speeds. | $200 |
| #5 | IFC Markets | 4.7 | Variety of Products Available. | $0 - $1000 |
How to pick an online trading platform?
When picking a Algerian trading platform you should consider the following factors:
- Overall great service
- Regulation
- Safety
- Fees & Commissions
- Range of Products
- Account Opening Process
- Deposits & Withdrawals
Since there are no forex or financial instrument brokers in Algeria, here is a list of top international brokers that offer excellent trading services and Islamic accounts. Read below, where we breakdown the Best Stock Trading Platforms in Algeria, starting with our best-rated Avatrade.
AvaTrade – Best Broker In Algeria Overall
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
AvaTrade takes first place. With low trading and non-trading fees, fast and easy account opening, and great customer service AvaTrade puts at the top of our list. Great regulation across 5 continents.
Pepperstone – Best For Low Spread Forex Trading in Algeria
Pepperstone comes in second. Pepperstone is an Australian low spread forex broker, offering a wide variety of CFD products. Secure and well regulated. Great educational and research resources. Offers expert analysis on a daily basis.
XM – Wide Range of CFD Products for Algerian Traders
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.03% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM comes in third as a great low spread broker for Algerian Forex traders. Their trading platform is great, and their execution speeds are one of the fastest in the industry. XM received many industry awards. XM offers over 1000 trading instruments and 16 trading platforms and is a great choice if you are looking for a reliable broker.
IC Markets – Tight Spread CFD Broker in Algeria
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
IC Markets is another great broker for Algerian traders looking to focus on Forex and CFD trading. Their execution speeds are great, and their spreads ultra-low. They offer CFDs on 730+ Stocks, 61 Forex currency pairs, 25 Indices, 22 Commodities, 11 Bonds, 10 Cryptocurrencies.
IFC Markets – CFD Broker with 600+ Instruments
IFC Markets Takes fifth place. IFC has been operating for 15 years and has clients from 80 countries. They are regulated by BVI FSC. They provide their clients with a variety of trading platforms, great analytics, research, and education.
Online Trading in Algeria
When it comes to landmass, Algeria is one of the biggest countries in the world. The vast petroleum reserves make it a hub for trading in North Africa.
Even though online trading is increasing in Africa, Algeria’s sharia law limits who can do business and how efficiently money is transferred.
Despite all the restrictions, the retail forex and equity markets provide a way for Algerian citizens a way to connect with the global economy and make extra income.
Commission d'Organisation et de Surveillance des Opérations de Bourse (COSOB) is the financial regulatory body of Algeria. All companies are required by law to be authorized by COSOB. You can find out more about COSOB here.
Regulation in Algeria
It is not easy to invest in the forex or the equity market as the government of Algeria tightly controls financial policies for Algerian firms. You can find out more about these policies here
You will need to take advantage of guidelines and international regulators that will provide protection to your accounts.
How to Verify Authorization by the Algerian COSOB Authorization
No brokerage firm is registered in Algeria due to the strict trading policies implemented by the government of Algeria.
That doesn't mean that platforms are not safe to trade with. There are many regulations across the globe with strict policies that ensure you are safe.
Authorization of offshore brokerage firms can be done by verifying the license and registration numbers mentioned at the bottom of the home page of the said brokers, against their respective country’s financial regulator’s web page.
If the broker is registered, the broker’s profile will be available with the same registration number.
It is important to note that some of these companies might be registered with their respective regulators under a slightly different name, thus make sure that the license or registration number is the same on both the broker’s official site and the regulator’s webpage.
Final Verdict
We hope you found all the details you needed in our guide. Just to recap, here are the best online brokers in Algeria:
| AvaTrade | Pepperstone | XM | IC Markets | IFC Markets | |
|---|---|---|---|---|---|
| Our Score | 4.9 | 4.8 | 4.7 | 4.7 | 4.6 |
| Fees Score | 4.9 | 4.9 | 4.7 | 4.8 | 4.6 |
| Mobile App Score | 4.9 | 4.6 | 4.8 | 4.5 | 4.5 |
| Trading Platform Score | 4.8 | 4.7 | 4.8 | 4.5 | 4.6 |
| Offering Of Investments Score | 4.7 | 4.8 | 4.6 | 4.7 | 4.3 |
| Regulation Score | 4.9 | 4.8 | 4.7 | 4.8 | 4.1 |
