Forex trading in Algeria operates under strict foreign exchange controls that date back to the 2007 foreign exchange regulation, which governs the convertibility of the Algerian dinar and the rules for foreign currency accounts (1).
Under Règlement n°07-01 of 3 February 2007, while payments and transfers for current international transactions are generally allowed through authorized intermediaries, capital transactions—including opening foreign financial accounts for investment purposes—are tightly regulated (1)(2).
"Hormis les cas expressément prévus par l’article 126 de l’ordonnance n°03-11 du 26 août 2003, susvisée, la constitution d’avoirs monétaires, financiers et immobiliers à l’étranger par les résidents à partir de leurs activités en Algérie est interdite."
In practice, this prohibition means that Algerian residents cannot legally hold or operate overseas forex trading accounts, as doing so constitutes the creation of foreign financial assets outside the narrow exceptions allowed by the central bank (1).
Furthermore, the U.S. Department of Commerce’s International Trade Administration confirms that, with few exceptions, Algerians are prohibited from holding financial assets abroad, reinforcing the legal risks for anyone attempting retail forex trading via offshore platforms (2).
Source:
https://www.douane.gov.dz/IMG/pdf/reglement_n07-01-3.pdf
https://www.trade.gov/country-commercial-guides/algeria-trade-financing
Last updated: 17-05-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
