Best Trading Platforms Algeria

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

  1. AvaTrade is the Best Trading Platform in Algeria. Low Fees and Commissions. Wide Range of Forex Pairs, Crypto and CFD products. 
  2. Pepperstone comes in second place. Best Low Spread Forex and Index CFDs. Low fees.
  3. XM takes third place. Great Trading Platform for Algerian Traders. Broad CFD product portfolio, research and education.
  4. IC Markets is in fourth place. Great Forex Broker in Algeria.
  5. IFC Markets . Fast Execution Speeds, 600+ Instruments in Algeria.
Online Trading Platforms Algeria Featured

Best Online Trading Platforms and Brokers in Algeria

Trading PlatformOur ScoreInformationMinimum Deposit
#1Avatrade4.9Intuitive Trading Platform and Mobile App. Great For Forex and Crypto Day Trading.$100
#2Pepperstone4.8Low Spread Forex Broker for Algerian Traders$100
#3XM4.8Wide Range of CFD Products$5
#4IC Markets4.7Low Forex Fees. Fast Execution Speeds.$200
#5IFC Markets4.7Variety 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

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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

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74-89 % of retail investor accounts lose money when trading CFDs

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

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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

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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:

AvaTradePepperstoneXMIC MarketsIFC Markets
Our Score4.
Fees Score4.
Mobile App Score4.
Trading Platform Score4.
Offering Of Investments Score4.
Regulation Score4.

About the author

Ziga Breznik is the owner and head of research at – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.