Best forex brokers in Algeria

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50Click for a special offerWebsite

The World Bank classifies Algeria as a upper middle income country with relatively fast growing economy and young and vibrant population.

The financial markets in the country are governed by the local financial commission – Commission d’Organisation et de Surveillance des Opérations de Bourse (COSOB), which oversees the the local stock exchange and the market participants in general.

The banking sector on the other hand is supervised by Banque d’Algérie, which is also responsible for the monetary policy and the stability of the Algerian Dinar.

The retail forex market in the country is booming, but is not specifically regulated. That is why if you reside in Algeria, you can always choose from the list of brokers regulated by respectable institutions, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), many of which support their websites both in English and Arabic.

There are no capital controls in Algeria and in the past few years e-payments are getting more and more popular. You can freely choose to send or receive money via e-wallets like CashU, PayPal and GiroPay, while other options are of course all major credit or debit cards like VISA, MasterCard and UnionPay, as well as the bank wire transfers.