Page Summary
In this guide, we offer details about the best trading platforms in Algeria. We have tested 174 brokers and analyzed their platforms across eight categories. We concentrated on all characteristics of their service, including platform availability, mobile apps, fees, funding options, portfolios, licenses, customer service, research, and education tools.
Trading platforms with the best scoring are below.
Top 5 Trading Platforms in Algeria
- Interactive Brokers – Best trading platform overall
- XTB – Best Trading Platform For Beginners
- Capital.com – Best Trading Platform For Research & Education
- OandA – Best Low-Risk Trading Platform
- CMC Markets – Best Trading Platform For An Award-Winning Experience
Best Online Trading Platforms Algeria
| PLATFORM | SCORE | GENERAL INFO | MINIMUM DEPOSIT | |
| #1 | Interactive Brokers | 4.9 | Best trading platform overall | $0 |
| #2 | XTB | 4.5 | Ideal for users looking to trade forex and CFDs | $250 |
| #3 | Capital.com | 4.7 | Broker with great educational content and resources | $20 |
| #4 | OandA | 4 | Low risk CFD and forex broker | $0 |
| #5 | CMC Markets | 5 | Broker known for its award winning trading experience | $0 |
Below section breaks down the best trading platforms in Algeria, beginning with the highest rated…
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Interactive Brokers is a top online broker with an excellent reputation. It offers an attractive portfolio with access to many tradable markets and a valuable learning center. Interactive Brokers has a complex order type configuration and provides an industry-leading trading platform. Beginner traders choose their entry-level platform, the Global Trader. This is intuitive and simple to learn, making it a suitable choice for inexperienced and advanced traders.
Experienced traders choose Interactive Brokers because of its advanced trading tools. Its platforms are intuitive and offer access to standard and advanced tools.
Pros
- Best market coverage in the industry (100k+ assets on different instruments)
- Access to 16,500 shares and 8,000 stocks as CFDs
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Industry leading fee structure
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
Min Deposit: $0
Fees: 3.7
Assets available: 2.9
Total Fees:
XTB is a secure online broker for traders who want access to straightforward forex and CFD trading services. It offers a reliable proprietary platform (xStation 5). It has a standard interface with access to essential trading tools. XTB provides some advanced features and order execution types. This broker has an impressive selection of tradable instruments across many markets.
New traders choose XTB because of its knowledgeable and responsive customer support. It has valuable research and learning tools and a simple-to-use platform. XTB is a top trading platform for beginners looking to trade forex and CFDs.
Pros
- Low trading fees
- Multilingual support (Available in Arabic)
- Cashback rebates and free paper trading account
Cons
- Only CFD trading
- Charges inactivity fees
Key features
- Access to 2,100+ of CFDs on stocks, indices, and commodities and 48 FX pairs
- Commission-less Stock and ETF CFD trading
- Daily market analysis videos, price tables, and economic calendar
- Micro-lot trading available
- Beginner-friendly mobile app (xStation Mobile)
- Multi-lingual support in English, Arabic and over 10 other languages
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
Capital.com is a leading discount broker with access to many learning and research tools. It offers professional tools and a premium trading experience. Capital.com has a versatile portfolio with access to stocks, forex pairs, indices, and commodities.
This brokerage firm has top-tier licenses from the CySEC, FSA, ASIC, and FCA. It isn’t publicly traded, but it has a long track record in the industry. We recommend Capital.com for traders who want access to a reliable mobile app and a professional trading interface. It has a low minimum deposit and an award-wining education section.
Pros
- Newsroom grade educational videos and analysis
- Award winning education and research section
- New age mobile trading app
- Real time market updates and price alerts
- Hedging and risk management tools
Cons
- MT4 and MT5 not available
- Market access is industry average
Key features
- Access to 6.000 tradable symbols and 477 cryptocurrency CFDs
- High quality research and educational content
- Patented AI trade bias system
- $20 minimum deposit
- No inactivity fees
Min Deposit: 0
Fees: 3.1
Assets available: 1.8
Total Fees:
OandA is a leading low-risk CFD and forex broker with a comprehensive research center. It offers daily market updates and excellent social trading tools. OandA is a secure broker with 6 TierOne licenses.
It offers a straightforward trading platform for traders at all levels. Its platforms have different features for social trading. It provides mobile trading with fxTrade and industry-leading charting tools.
Pros
- Multiple trading platforms available
- Broad range of research and analysis tools
- Easy account opening process
Cons
- Only CFD and forex trading available
- Customer support is only available during office hours
- Charges inactivity fees
Key features
- Access to over a thousand different CFDs on multiple asset classes and over 50 forex pairs
- Real-time currency conversion and access to 25 years’ historical FX data across 38,000 forex pairs
- Great corporate solutions like payment gateways and currency converters
- Competitive commissions, spreads and other trading fees
- Compatible with both MetaTrader 4 and 5
- Dedicated relationship manager, free VPS, trading fee and wire transfer discounts for professional traders
Min Deposit: 0
Fees: 3.7
Assets available: 3.2
Total Fees:
CMC Markets is a popular brokerage firm known for its outstanding trading experience. It offers industry-leading platforms with an impressive selection of tradable assets. CMC Markets has a transparent fee structure with competitive commissions.
It offers a proprietary platform, Next Generation, a fully packed platform with professional tools and indicators. CMC Markets provides in-house education and research materials. It has attractive bonuses and discounts for all account holders.
Pros
- Wide range of available assets
- Free demo paper trading account
- Excellent customer support
Cons
- Offers only CFD trading and spread betting
- Few education and research tools available
- High fees compared to other brokers
Key features
- Access to 9000+ shares and ETF CFDs
- 300+ tradable forex pairs
- Cryptocurrency CFD trading available
- Compatible with metaTrader 4
- Well-suited for beginner and advanced traders
- Gives spread rebates
How To Select The Right Platform?
The main factors to keep in mind when selecting a platform in Algeria include trading costs, platforms, mobile apps, funding options, portfolios, customer service, liquidity, and safety measures.
Fees: Select an online broker with a simple fee structure and avoid providers with high trading costs, hidden fees, and overnight fees. Spread fees and overnight fees are frequent with Algerian brokerage accounts.
Trading Platforms: Platforms have to be user-friendly and have an intuitive interface. These need to offer access to tools and indicators for traders at all levels. It is best to select a platform with built-in market data. In-depth market news feeds and advanced features are a must.
Mobile Trading: Mobile apps should deliver the same trading experience as their web versions. Select a mobile trading platform with social feeds, full0screen charting, and trading tools.
Deposit & Withdrawal: Deposit and withdrawal have to be straightforward. Choose an online broker with access to your preferred payment method and competitive fees.
Assets: Search for access to leading digital assets. Algerian traders access popular asset classes, including stocks, options, forex, indexes, futures, hedge funds, cryptos, mutual funds, and ETFs.
Regulation: Online brokers with top-tier licenses follow strict rules and provide industry-leading safety measures. It is best to select platforms with CySEC, FCA, and ASIC licenses.
Customer Support: Inexperienced traders need access to responsive and reliable customer support available in their language.
*Islamic Accounts: All platforms from our list offer Islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Financial Regulatory Authority In Algeria
The Commission d’Organisation et de Surveillance des Operations de Bourse (COSOB) is the financial regulatory authority in Algeria. COSOB oversees all online trading activities and brokerage services. All providers that provide access to Algeria’s trading platforms must have a valid license from the COSOB.
Algerians have the choice of using offshore trading platforms without a valid COSOB license. In this case, the government might not offer protection for the investment.
License Verification
Licence verification for online brokers and trading platforms is straightforward. You can verify the validity of a brokerage firm’s license by accessing the main website of the COSOB and searching for the documents section for the broker’s name. If a provider has its headquarters outside Algeria, you should check the websites of top regulators like the FCA, ASIC, BaFIN, CySEC, or FINRA. If you don’t get any results, you might be facing an unregulated trading platform. We recommend you use a secure platform with top-tier licenses.
Conclusion
Based on our review, we consider Interactive Brokers as the best trading platform for Algerian residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
XTB is the second best trading platform for Algerian residents, because of its low fees, advanced trading tools, copy trading features, and responsive customer support. Capital.com, OandA and CMC Markets are finishing up our list of top platforms with a great overall offer and above average ratings.
FAQ
Are There Commission-Free Trading Platforms In Algeria?
Yes, there are Algerian trading platforms with 0% commission trading, especially for CFD.
How Much Should I Invest When Trading Online in Algeria?
Online brokers in Algeria have a minimum deposit requirement for opening new accounts, and we recommend starting with the minimum investment.
How To Check If A Trading Platform Has a Valid License?
You can check if an online broker or trading platform has a valid license by verifying the Registered Entities databases on the main websites of regulators such as FCA, FINRA, ASIC, or CySEC.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.