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26 Best Forex Brokers in Algeria

26 Best Forex Brokers in Algeria

Forex Brokers Algeria

 

 

Finding the list of the Best Forex Brokers in Algeria and worldwide can be a difficult process, especially finding a list of trustworthy brokers who accept Algerian traders and who allow these traders to invest in their currency, the Algerian dinar (دج).

In this article, we will share tips and list the best Forex trading platforms and sites that allow Algerian traders to trade in Stocks, Shares, Indices, Binary Options, CDFs, ETFs, Forex, and cryptocurrencies like Bitcoin and Ethereum.

 

Here are our 10 Best Handpicked Forex Brokers in Algeria

 

Forex trading in Algeria has become much easier to get involved in during the last decade, which has resulted in strong economic growth and rising disposable incomes for many Algerians.

Below, in no particular order, is the list of the 26 Best Forex Brokers in Algeria.

 

Interactive Brokers Review

 

Interactive Brokers

 

Interactive Broker is an online broker that was founded in 1977 and offers Forex trading of over 100 instruments and over 10 currency pairs on a user-friendly custom trading platform, available as a browser-based web application. Interactive Brokers is a global broker and has a head office in the United States and traders need to make a minimum deposit of US Dollar 10000 as a start.

 

Trading benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP

 

Interactive Brokers Trading Accounts Offered to include:

 

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Managed account

 

Interactive Brokers support a wide range of languages including English, Mandarin, Cantonese, Nihongo, and more.

 

 

You might like: Learn more about online forex courses.

 

Swissquote Broker Review

 

Swissquote

 

Swissquote is an online broker that was founded in 1999 and offers Forex and Social Trading, is a globally recognized broker, and has a head office situated in Switzerland.  New traders with Swissquote will need to make a minimum deposit of US Dollar 1000 and a demo account is available.

 

Swissquote can accommodate various levels of traders and offers a wide variety of instruments and trading currency to choose from.

 

  • Over 100 instruments
  • Over 150 currency pairs

 

Swissquote offers both of the MetaTrader platforms; MT4 and MT5 plus mobile apps for Android and iOS.

 

Trading benefits

 

  • Allows scalping
  • Allows hedging

 

Swissquote Trading Accounts on Offer include:

 

  • Demo account
  • Mini account
  • Standard account

 

With Swissquote, the minimum and maximum trade requirements will vary depending on the trader and the instrument and the platform supports a wide range of languages including English, German, French, Italian, Spanish, Arabic, Russian, and Chinese.

 

OANDA Broker Review

 

OANDA

 

OANDA is the Most Regulated Forex Broker and operates across six of the most credible authorities including:

 

  • Australia AISC (Australian Securities and Investments Commission)
  • United States CFTD (Commodity Futures Trading Commission)
  • Europe and UK FCA – (Financial Conduct Authority)
  • Japan IFFA (Institute Financial Futures Association)
  • Singapore MAS (Monetary Authority Of Singapore)
  • Canada IIROC (Investment Industry Regulatory Organization of Canada)

 

OANDA Focuses on Transparency

 

OANDA is focused on pricing transparency and customer satisfaction and they offer real-time data from liquidity providers and finds mid-points across instruments. When it comes to customer support, OANDA boasts multiple customer service awards for 24 hours/6 days a week support. Live chat, emails, and phone support are available.

 

XTB Broker Review

 

XTB

 

XTB is an online broker that was founded in 2002 and offers Forex, CFDs, and Cryptocurrency trading.  XTB is a global broker with its head office situated in Poland.

XTB has won numerous industry awards over the 18 years that they have been operating as a financial broker and traders can choose to trade in a wide variety of instruments over 1,500 instruments and over 50 currency pairs in fact.  XTB offer traders the popular MT4 forex trading platform alongside the award-winning Xstation5.

XTB also offers traders mobile apps for Android and iOS and customer support in a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

 

CityIndex Broker Review

 

City Index

 

City Index is an online broker that was founded in 1983 and offers Forex, CFDs, and Spread Betting trading and traders can trade in over 12,500 instruments and over 100 currency pairs on the popular MT4 forex trading platform.  City Index also offers mobile apps for Android and iOS.

City Index is a global broker and has a head office situated in the UK and new traders will need to make a minimum deposit of US Dollar 25 to make a start.

 

Trading benefits

 

 

City Index Trading Accounts on Offer include:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • STP account
  • Managed account

 

City Index supports a wide range of languages including English, Spanish, German, Arabic, Polish, and Chinese, and has a triple AAA grade support rating.

 

FXTM Broker Review

 

ForexTime

 

Forex Time (FXTM) is a MetaTrader broker that offers traders forex and CFD traders multiple account options for both MT4 and MT5 platforms. Some products are segmented by account type. Forex Time (FXTM) was founded in 2011 by forex industry veteran Andrey Dashin and is considered average-risk.

 

Trading conditions

 

Feature ForexTime
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 59
CFDs – Total Offered 193
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD No

 

FXTM offers traders several different account types where the execution method, range of markets, available platform, and commissions and fees may vary.

 

IQ Option Broker Review

 

IQ Option

 

IQ Option was founded in 2013 and offers two accounts that are designed to be accessible to every trader regardless of their experience level and trading balance. The standard trading account can be opened by depositing a minimum of US Dollar 10 and offers all the trading tools a trader would need, and is a perfect choice for beginners.

The VIP account is similar in many ways to the standard account but requires a minimum deposit of US Dollar 1900, or a total trading volume of US Dollar 1500.

 

FBS Broker Review

 

FBS

 

FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro-lots in Cent accounts for more precise risk management.

 

Trading benefits

 

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Cent US Dollar 1 0.01 lot 1:1000 from 1 pip
Standard US Dollar 100 0.01 lot 1:3000 from 0.5 pips
Zero Spread US Dollar 500 0.01 lot 1:3000 0 pips + US Dollar 20/lot
Micro US Dollar 5 0.01 lot 1:3000 fixed, from 3 pips
ECN US Dollar 1000 0.1 lot 1:500 from -1 pip + US Dollar 6/lot

 

FBS is a popular international broker and offers clients competitive trading conditions, a wide range of trading accounts, payment methods, a choice of fixed and variable spreads, MetaTrader 4 and MetaTrader 5, as well as various promotions.  An account with FBS can be opened for just US Dollar 1.

 

Avatrade Broker Review

 

AvaTrade

 

AvaTrade is an excellent partner for all types of traders, be it beginner or pro – with over 200,000 active traders around the globe, on both the MetaTrader 4 and Avago platforms.  AvaTrade offers great trading conditions across Forex, commodities, cryptocurrencies, ETFs, bonds, and equities and boasting FSCA and ASIC regulation.

 

Trading benefits

 

  Min. Deposit Max. Leverage Min. Spread Commission
Islamic USD 100 400:1 1.3 pips None
Professional USD 100 400:1 1.3 pips None
Retail USD 100 400:1 1.3 pips None

 

AvaTrade does not charge their clients for making deposits and withdrawals and the only costs are the bank card, e-wallet, or bank transfer fees.  Traders have access to professional customer support, 24 hours a day, five days a week.

 

Read 27 Best Forex Brokers in Angola 

 

HotForex Broker Review

 

HotForex

 

HotForex offers traders a variety of account types to choose from including fixed and floating spreads, commission-free trading (in Micro, Premium, and Fixed accounts), or tighter spreads, involving commission fees. Beginner traders can sign up for Micro accounts with a minimum deposit of as little as US Dollar 5, and micro-lots are available for trade on all accounts.

An Auto Account, which enables traders to subscribe to free and paid Trading Signals from the MQL5 Community, and an HF Social account, which provides trading powered by FxStat is also on offer.

HotForex is a retail forex broker, offering attractive conditions for trading in a wide range of instruments, including Forex, Spot Metals, and CFDs on commodities, indices, and popular shares such as Google, Apple, and Facebook.

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XM Broker Review

 

XM Group

 

The XM Group provides the entire suite of MetaTrader platforms and over 1300 tradeable instruments, was founded in 2009, and is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it an average-risk for forex and CFDs trading.

 

XM Group’s research offering is above the industry standard, and pricing at XM Group varies by account type.

 

Trading features

 

Feature XM Group
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 57
CFDs – Total Offered 1247
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD No

 

XM Group is a MetaTrader-only broker and offers the standard experience, including both MT4 and MT5, iOS and Android versions of the MT4 and MT5 mobile apps come standard and are both available for download from the Apple iTunes store and Android Play store, respectively.

Read 27 Best Forex Brokers in Nepal

Alpari Broker Review

 

Alpari

 

Alpari is a great choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms due to its established brand history, multiple offices, and range of account types, and diverse managed account offering for investors.  The Alpari brand offers traders access to nearly 50 forex pairs and 30 CFDs on indices, commodities, precious metals, and Bitcoin.

 

Trading features

 

Feature Alpari
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 48
CFDs – Total Offered 16
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

 

The commissions and fees at Alpari vary depending on the account type and platform used native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.

 

FXPRO Broker Review

 

FXPro

 

FXPro is an online broker founded which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals, and Spot Energies tradingFXPro is a global broker and has a head office located in the UK.

 

FXPro provides traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of US Dollar 100.

 

What can be traded with FXPro?

 

  • Over 250 instruments
  • Over 70 currency pairs

 

FXPro is one of the few brokers in the market that offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.

 

Trading benefits

 

 

With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument and the broker offers support in a very wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese.

 

eToro Broker Review

 

eToro

 

eToro is an online broker that was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of US Dollar 200 and the platform can accommodate various levels of traders from beginner to expert.

eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

eToro trading accounts on offer include Demo, Micro, Mini, Standard, STP, and Islamic.  eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

 

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IC Markets Broker Review

 

IC Markets

 

IC Markets is an online broker that was founded in 2007 and offers Forex, CFDs, Spread Betting, Share dealing, and Cryptocurrencies trading on offer both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.

IC Markets is a global broker and has a head office situated in Australia and new traders will need a minimum deposit of US Dollar 200 to get started and a demo account is on offer for those who want to get acquainted with the IC Markets platform.  IC Markets can accommodate various levels of traders whether they are experienced or just beginning in the trading game.

 

Traders can trade in a wide variety of instruments and currency pairs

 

  • Over 232 instruments
  • Over 65 currency pairs

 

IC Markets also offer traders mobile apps for Android and iOS and two account types, Standard account and Raw Spread account.  IC Markets supports a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more.

 

Pepperstone Broker Review

 

Pepperstone

 

Pepperstone is a global online broker that was founded in 2010 and offers Forex, CFDs, and Social Trading.   Pepperstone is regulated and supervised by reputable organizations with a head office based in Australia.

With Pepperstone new traders will need a minimum deposit of US Dollar 200 to open an account and the option is available to sign up for a demo account to familiarize themselves with the Pepperstone platform.  Pepperstone can accommodate various levels of traders whether a trader is experienced or just starting in the trade.  Traders have the option to trade in over 100 instruments and over 70 currency pairs.

Pepperstone is one of the few brokers available that offer traders both of the MetaTrader platforms; MT4 and MT5 coupled with cTrader. Pepperstone also offers traders mobile apps for Android and iOS for the complete package.

 

Trading benefits

 

 

Pepperstone allows traders to execute a minimum trade of 0.01 Lot and supports a wide range of languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic.

 

easyMarkets Broker Review

 

EasyMarkets

 

EasyMarkets is a global, online broker that was founded in 2001 and offers traders Forex and CFDs trading.  EasyMarkets offer traders the popular MT4 forex trading platform coupled with mobile apps for Android and iOS respectively.

 

Trading benefits

 

 

EasyMarkets Trading Accounts on Offer include Demo, Micro, Mini, Standard, and Islamic but a demo account is also on offer and the minimum and maximum trade requirements will vary depending on the trader and the instrument.

EasyMarkets also offers supports a wide range of languages including English, German, Arabic, Chinese, Spanish, and Polish.

 

Read 27 Best Forex Brokers in Lesotho 

 

RoboForex Broker Review

 

Roboforex

 

Roboforex is an online, global broker that was founded in 2009 and offers traders Forex and CFDs trading.  When starting with Roboforex traders will need to make a minimum deposit of US Dollar 1 and there is an option available for a demo account for those who would like to get acquainted with the platform.

Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs.  Roboforex offers over 100 instruments and over 35 currency pairs in total.

Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.   Roboforex also offers mobile apps for Android and iOS.

 

Trading benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

Roboforex Trading Accounts include – Demo, Micro, Mini, Standard, Zero, ECN, STP, and Islamic and all accounts support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, and much more.

 

Trading 212 Broker Review

 

Trading 212

 

Trading 212 is a global online broker that was founded in 2006 and offers to trade in Stocks, Forex, Commodities, and Indices trading.  With Trading 212 new traders will need a minimum deposit of US Dollar 1 to start and they have the option to sign up for a demo account.

Trading 212 accommodates traders on various levels, whether it be experienced or novice.  Trading 212 is regulated and supervised by reputable organizations and has won numerous industry awards over the past 14 years that they have been in operation.

A trader can trade in over 3000 instruments and over 177 currency pairs.  Trading 212 offers traders a user-friendly custom trading platform which is also available as a browser-based web application alongside mobile apps for Android and iOS.

 

Trading benefits

 

 

Trading 212 also offers traders a good selection of educational resources and offers customer support in a wide range of languages.

 

FP Markets Broker Review

 

FP Markets

 

FP Markets is a global, online broker that was founded in 2005 and offers Forex trading, and has a head office situated in Australia.

When starting with FP Markets traders will need to make a minimum deposit of US Dollar 100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.

Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform.  FP Markets also offers traders mobile apps for Android and iOS.

 

Trading benefits

 

 

FP Markets Trading Accounts Offered include: Demo, Mini, Standard, ECN, STP, Managed and Islamic and all accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

 

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ThinkMarkets Broker Review

 

ThinkMarkets

 

ThinkMarkets is an online broker that was founded in 2010 and offers both Forex and CFDs trading with over 100 instruments and over 40 currency pairs which can be traded on the popular MT4 forex trading platform.  ThinkMarkets also offer mobile apps for Android and iOS.

ThinkMarkets is a global broker with a head office based in Australia and a minimum deposit of US Dollar 250 will be needed to make a start.   ThinkMarkets doesn’t charge either withdrawal or inactivity fees.

 

Trading benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

ThinkMarkets Trading Accounts Include:

 

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

 

ThinkMarkets support a wide range of languages including English, Chinese, and Japanese, and has a double AA grade support rating.

 

Read 27  Best Forex Brokers in Portugal

 

HYCM Broker Review

 

HYCM

 

HYCM is an online broker that was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

Traders starting with HYCM will need to make a minimum deposit of at least US Dollar 100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice.

a wide variety of instruments and currency pairs are available for trade:

 

  • Over 100 instruments
  • Over 40 currency pairs

 

Trading benefits

 

  • Allows scalping
  • Allows hedging
  • Low min deposit

 

HYCM Trading Accounts on offer include Demo, Micro, Mini, Standard, and Islamic, and the minimum and maximum trade requirements will vary depending on the trader and the instrument.

 

Forex.com Broker Review

 

Forex.com

 

Forex.com is an online broker that was founded in 1999 and offers Forex, Indices, Commodities, Equities, and Cryptocurrencies trading with a minimum deposit of US Dollar 500 needed to make a start.

 

Traders can trade-in:

 

  • Over 4500 instruments
  • Over 80 currency pairs

 

Trading benefits

 

 

Forex.com Trading Accounts on offer include:

 

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

 

With Forex.com, the minimum and maximum trade requirements vary depending on the trader and the instrument and all accounts support a wide range of languages including English, Chinese, Arabic to name but a few.

 

OctaFX Broker Review

 

OctaFX

 

OctaFX is a global online broker that was founded in 2011 and offers Forex trading and for those who are looking to make a start, a minimum deposit of US Dollar 5. A demo account is also on offer for those wishing to acquaint themselves with OctaFX – both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform is on offer.  OctaFX also offers mobile apps for Android and iOS.

OctaFX can accommodate various levels of traders and has won numerous industry awards over the past 9 years. OctaFX doesn’t charge a commission on CFD instruments.

 

Trading benefits

 

 

OctaFX Trading Accounts on Offer include demo, Micro, Mini, Standard, zero spread, STP, and Islamic and is regulated by Financial Conduct Authority (FCA).

 

Nord FX Broker Review

 

NordFX

 

NordFX is an online broker that was founded in 2008 and offers Forex trading with a head office situated in Mauritius.  To make a start with NordFX traders will need to make a minimum deposit of at least US Dollar 1 and can sign up for a demo account if needed.

NordFX has won numerous industry awards over the past 12 years and does charge commission on CFD instruments.  NordFX offers both of the MetaTrader platforms; MT4 and MT5 plus mobile apps for Android and iOS.

 

Trading benefits

 

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

 

NordFX Trading Accounts on Offer include:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • STP account
  • Islamic account

 

NordFX supports a wide range of languages including Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian.

 

Admiral Markets Broker Review

 

Admiral Markets

 

Admiral Markets is an online broker that was founded in 2001 and offers Forex and CFDs trading, is globally recognized, and has a head office based in the UK.  Traders will need a minimum deposit of US Dollar 200 to start and can sign up for a demo account in over 148 instruments and over 40 currency pairs.

Admiral Markets offers both of the MetaTrader platforms; MT4 and MT5 and mobile apps for Android and iOS.

 

Trading benefits

 

 

Admiral Markets Trading Accounts Offered:

 

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • STP account

 

Admiral Markets offers support in a wide range of languages including English, Spanish, Hungarian, and much, much more!

 

Read 27 Best Forex Brokers in Zambia 

 

In Conclusion

 

Trading in the financial markets with Algerian Brokers can be difficult, even for experienced traders so choosing a trusted regulated broker is key!  Apart from the educational and other resources made available online, another important factor for Algerian traders to consider when looking for Algerian Brokers is the platform and tools on offer. Always take the time to find a broker with a great track record!

Trading forex has become extremely popular in Algeria because it gives ordinary people the chance to earn an extra income by exchanging currencies. Many Algerians with basic knowledge about money and currency trading now have the opportunity to open accounts with forex brokers to take advantage of one of the biggest profit earning opportunities across the globe. Forex brokers offer leverage so traders can trade hundreds of thousands of dollars even if they start with a small amount.

 

Multiple comparison websites will display Broker reviews will provide traders with a positive recommendation to The Best Online Brokers in the world, but we have listed the Best Brokers for traders situated in Algeria that covers a wide range of trader’s needs including:

 

  • Not charge commissions,
  • Offer trading with 0 spread,
  • Offer good order execution,
  • Provide a great platform,
  • And much more!

 

Unfortunately, no trading platform will ever offer all of these fantastic features, wrapped in a beautiful profit-earning bow, But – many platforms will offer aspects that will make them stand out from the rest.

To find the best international online brokers perfect for Algeria, we researched on the traders’ behalf. After testing, analyzing, and comparing multiple brokers, the 27 Top brokers have made it to the list. We highly recommend all 27 to Algerian traders.

 

FAQ’s

 

Is forex trading legal in Algeria?

Yes, it is

Which is Algeria’s most used forex broker?

XTB

Is forex trading a gamble in Algeria?

Forex trading anywhere is always a gamble.

How many forex traders are there in Algeria?

The estimate is around 150 000 monthly forex traders.

Can you make money with forex trading in Algeria?

75% of all traders lose money*

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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FINEXO Review

Overall, FINEXO is fully regulated by top-tier regulators. It has a trust score of 60 out of 100 and is considered a low-risk trading partner.