6 Best Forex Brokers in Algeria
The 6 Best Forex Brokers in Algeria – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Algeria.
In this in-depth guide you will learn:
- The Best Forex Brokers in Algeria – a List
- Is Forex Trading Legal in Algeria?
- Best Forex Brokers in Africa for Beginners
- Low DZD Deposit Forex Brokers
- Where to buy stocks in Algeria?
- Which African countries are the best for Forex Traders?
- Leading MetaTrader Forex Brokers
and much, MUCH more!
6 Best Forex Brokers in Algeria – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Algerian Traders | 💶 Min. Deposit (DZD) |
| 🥇 OANDA | 👉 Click Here | ✅Yes | None |
| 🥈 AvaTrade | 👉 Click Here | ✅Yes | 13437,38 |
| 🥉 CMC Markets | 👉 Click Here | ✅Yes | None |
| 🏅 XTB | 👉 Click Here | ✅Yes | None |
| 🎖️ Pepperstone | 👉 Click Here | ✅Yes | 18008,78 |
| 🥇 FP Markets | 👉 Click Here | ✅Yes | 9004,39 |
6 Best Forex Brokers in Algeria (2024)
- ☑️ OANDA – Overall, The Best Forex Broker in Algeria
- ☑️ AvaTrade – Excellent All-Round Offering
- ☑️ CMC Markets – Best Forex Broker for Beginners
- ☑️ XTB – Best Mobile Trading Experience
- ☑️ Pepperstone – Top Broker for Professional Traders
- ☑️ FP Markets – Best MetaTrader Forex Broker
OANDA
OANDA is a highly regulated and trusted Forex Broker. Regulations include IIROC, ASIC, CFTC, and, NFA. Standard, Core, Swap-Free, Premium, and Premium Core accounts are offered. Notable features include:
Trading Instruments include Forex, indices, commodities, metals, shares, energies, and, cryptocurrencies. Trading Platforms available are FxTrade, MetaTrader 4, and, MetaTrader 5. Moreover, a Proprietary Mobile App is available.
| 🔎 Broker | 🥇 OANDA |
| 💶 Minimum Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platforms | Only FX and CFD available for most clients |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
Our Insights
The benefits of trading with OANDA include multilingual customer support and excellent educational resources.
AvaTrade
AvaTrade is amongst the Best Forex and CFD Brokers. Regulations include BVI FSC, ASIC, FSCA, JFSA, and, the FFAJ. Accounts offered are Retail, Islamic, and, Professional. The Minimum deposit is 100 USD. Notable features include:
- Copy Trading via DupliTrade and ZuluTrade
- Spreads from 0.6 Pips
- Leverage up to 1:400 (Pro Account)
- Scalping and Hedging
Trading Platforms include AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade. Trading Instruments available are Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
The benefits of trading with AvaTrade include access to Over 1,260 instruments and excellent customer support.
CMC Markets
CMC Markets is a highly regulated and trusted Forex Broker. Regulations include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts offered are CFD, Spread Betting, and, Corporate. No minimum deposit is required. Notable features include:
- Base Currencies include AUS, CAD, and, SGD
- Access to over 330 Currency Pairs
- Multilingual Customer Support
Trading Instruments include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs. Trading Platforms include MetaTrader 4 and NextGeneration. In addition, a Proprietary Mobile app is offered.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
The Benefits of Trading with AvaTrade include a multilingual website option and impressive customer support.
XTB
XTB is a highly trusted Financial Services provider licensed by renowned financial institutions. Regulations include the FCA, ACPR, BaFin, and, the DFSA. Accounts offered are Standard and Swap-Free. No minimum deposit is required. Notable features include:
- Spreads from 0.5 Pips
- Leverage of up to 1:500
- Commission Free Trading
Trading Instruments include Forex, indices, commodities, stocks, ETFs, and, Crypto CFDs. Trading Platforms available are xStation 5 and xStation 5 Mobile.
| 🔍 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include in-depth market research, news updates, and a variety of technical indicators.
Pepperstone
Pepperstone is a prominent Forex and CFD broker. It provides a sophisticated blend of technology innovation and a user-friendly trading experience. Regulations include ASIC, BaFin, and, the CMA. Accounts available are Standard and Razor. The minimum deposit is AU$ 200. Notable features include:
- Spreads for 0.0 Pips
- An Affiliate Program
- Multi-lingual Customer Support
Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include a wide variety of educational resources and dedicated customer support.
FP Markets
FP Markets is a leading Financial services provider that operates under a strong regulatory structure. Regulations include ASIC, CySEC, and, the FSCA. Accounts offered are Standard, Raw, Islamic Standard, and, Islamic Raw. The minimum deposit is AU$ 100. Notable features include:
- Lack of Inactivity Fee
- Scalping and Hedging
- Spreads from 0.0 Pips
Trading instruments include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds. Trading Platforms offered are MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. In addition, a Proprietary Trading Platform is available.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
The benefits of trading with FP Markets include Tight Spreads and low Forex Fees.
Is Forex Trading Legal in Algeria?
Forex Trading in Algeria is legal and governed by the Foreign exchange controls set by the Algerian Government.
In Conclusion
The popularity of Forex Trading in Algeria has seen a notable rise. Moreover, it is legal and governed by the Foreign exchange controls set by the Algerian Government. In addition, multiple International traders accept local Traders.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best Forex Brokers that accept Alegerian Traders, we found 6 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
Forex Trading in Algeria is legal and governed by the Foreign exchange controls set by the Algerian Government.
Scalping and Hedging are allowed.
51 Currency Pairs, including Major, Minor, and, Exotic.
MetaTrader 4 and Next Generation.
No minimum deposit is required.
Regulations include ASIC, BaFin, CMA, and, CySEC.
An FP Markets affiliate program is available.
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