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5 Best Forex Brokers in Morocco

Last Update: June 26th, 2024

Best Forex Brokers in Morocco

 

The 5 Best Forex Brokers in Morocco—Rated and Reviewed. We have listed the Best Forex Brokers that accept traders in Morocco.

 

In this in-depth guide, you will learn:

  • The Best Forex Brokers in Morocco – a List
  • Is Forex Trading Legal in Morocco?
  • The Best Forex Brokers for Beginners and Foreigners
  • Is Forex trading allowed in Morocco?
  • Is Exness Legal in Morocco?

and much, MUCH more!

 

Forex Trading in Morocco

 

5 Best Forex Brokers in Morocco – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Traders in Morocco💶 Min. Deposit (MAD)
🥇 Exness👉 Click Here✅Yes99,59
🥈 eToro👉 Click Here✅Yes99,59
🥉 FBS👉 Click Here✅Yes49,80
🏅 Interactive Brokers👉 Click Here✅YesNone
🎖️ IG👉 Click Here✅Yes497,97

 

5 Best Forex Brokers in Morocco (2024)

  1. ☑️ Exness – Overall, the Best Forex Broker in Morocco
  2. ☑️ eToro – The Best Overall Offering
  3. ☑️ FBS – The Best Forex Broker for Beginners
  4. ☑️ Interactive Brokers – Leading Broker for Established Traders
  5. ☑️ IG – Best MetaTrader Forex Broker

 

Exness Review

 

Exness

Exness is a highly regulated and trusted financial services provider that operates legally in Morocco and holds the necessary licenses. Regulations include FSA, CBCS, and, FSC. In addition, notable Factors, Features, and Benefits to consider include:

  • 24/7 Customer Support
  • Spreads from 0.0 Pips
  • Unlimited Leverage
  • Access to over 100 Currency Pairs
  • Scalping and Hedging are offered
  • No Inactivity Fee is charged
  • Standard, Standard Cent Zero, and Pro Accounts
  • Demo and Islamic Options

 

Trading Instruments include Forex, Commodities, Stocks, Indices, and, Cryptocurrencies. Exness supports MetaTrader 4, MetaTrader 5, and, Exness Terminal. In addition, an award-winning Proprietary Mobile App is provided.

🔎 Broker🥇 Exness
💴 Minimum Deposit10 USD
📈 SpreadsFrom 0.0 pips EUR
📉 LeverageUnlimited
🪙 Currency Pairs100+
🤝 Affiliate Program✅Yes
🚀 Open an Account
👉 Click Here

 

Exness

 

Pros and Cons

✅ Pros❌ Cons
Flexible trading accountsDemo account is only valid for 21 days
Well-regulated + Comprehensive fund protectionLimited product portfolio
Powerful trading platformsCountry Restrictions

 

Our Insights

The benefits of trading with Exness include access to a Training Center and user-friendly Customer Support.

 

eToro Review

 

eToro

eToro is a well-established and popular Forex and CFD Broker. Regulations include CySEC, FCA, ASIC, and, the FSA. In addition, notable Factors, Features, and Benefits to consider include:

  • 10 USD Minimum deposit
  • 24/5 Customer Support
  • An Award Winning Mobile Platform
  • Spreads from 1 Pip
  • Inactivity Fee is Charged
  • Leverage of up to 1:400

 

Trading Instruments include Forex, stocks, crypto CFDs, indices, commodities, and ETFs. Scalping is not provided, but hedging is available.

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insight

eToro best suits Retail Traders interested in using Copy and Social Trading.

 

FBS Review

 

FBS

FBS is a globally regulated Forex and CFD Provider.  Regulations include IFSC, CySEC, ASIC, and, the FSCA. In addition, notable Factors, Features, and Benefits to consider include:

  • Low 5 USD Minimum Deposit
  • 24/7 Customer Support
  • USD and EUR Base Currencies
  • Spreads from 0.7 Pips
  • Leverage of up to 1:3000
  • Over 70 Currency Pairs
  • Scalping and Hedging are provided

 

Trading Instruments include Forex, Precious Metals, Indices, Energies, Stocks, and, Crypto CFDs. FBS supports MetaTrader 4 and MetaTrader 5. In addition, a proprietary mobile trading platform is available.

🔎 Broker🥇 FBS
💴 Minimum Deposit5 USD
💵 Inactivity FeeNone
🤝 Affiliate Program✅Yes
4️⃣ Ease of Use Rating4/5
📐 Trading InstrumentsForex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs
🚀 Open an Account
👉 Click Here

 

FBS Review

 

Pros and Cons

✅Pros❌Cons
Minimum deposit - $5High leverage may be daunting
Leverage of up to 1:3000High leverage carries an increased risk of loss
Commission-free tradingLack of fixed spread options

 

Our Insights

Trading with FBS offers the benefit of access to more than 100 payment mechanisms, which allow for flexible financial transfers.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers are amongst the highest regulated Forex and CFD Brokers. Regulations include FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS. In addition, notable Factors, Features, and Benefits to consider include:

  • 24/5 Customer Support
  • IBKR Lite and IBKR Pro Accounts
  • Spreads from 0.6 Pips
  • Leverage of up to 1:30
  • Access to over 100 Currency Pairs
  • No Inactivity Fee is Charged
  • Scalping and Hedging are provided

 

Trading Instruments include Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Interactive Brokers support IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers

 

Pros and Cons

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

With a large proprietary offering of trading tools and trading platforms, Interactive Brokers best suit Established traders.

 

IG Review

 

IG

IG is a trusted and well-established Forex and CFD provider. Regulations include FCA, BaFin, CySEC, and, FINMA. In addition, notable Factors, Features, and Benefits to consider include:

  • 24/7 Customer Support
  • 6 Live Trading Account Types
  • Demo and Islamic, Swap-Free Options
  • USD Base Currencies
  • Over 80 Currency Pairs
  • Spreads from 1 Pips
  • Scalping and Hedging are offered

 

Trading Instruments include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and interest rates. IG supports MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, and, FIX API.

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG Markets

 

Pros and Cons

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

The Benefits of trading with IG include several account types suited to all levels of traders.

 

Forex Trading in Morocco

 

Is Forex Trading Legal in Morocco?

Forex Trading in Morocco is Legal and well-regulated by the Moroccan Capital Market Authority (AMMC).

 

Is Forex Trading Legal in Morocco?

 

In Conclusion

Forex Trading in Morocco has seen a notable rise in popularity. Moreover, it is legal and regulated by the Moroccan Capital Market Authority (AMMC).

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

While reviewing the Best Forex Brokers that accept Moroccon Traders, we found 5 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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FAQs

Forex Trading in Morocco is Legal and well-regulated by the Moroccan Capital Market Authority (AMMC).

The Moroccan Capital Market Authority (AMMC).

The Moroccan Dirham (MAD).

Exness operates legally in Morocco and holds the necessary licenses.

eToro provides 24/5 Customer Support.

The FBS Minimum deposit is 5 USD.

Over 100 Currency Pairs, including Major, Minor, and, Exotic.

An inactivity Fee of 12 USD is charged after 2 Years of inactivity.

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