5 Best Forex Brokers in Morocco
Last Update: June 26th, 2024
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!
5 Best Forex Brokers in Morocco – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in Morocco | 💶 Min. Deposit (MAD) |
| 🥇 Exness | 👉 Click Here | ✅Yes | 99,59 |
| 🥈 eToro | 👉 Click Here | ✅Yes | 99,59 |
| 🥉 FBS | 👉 Click Here | ✅Yes | 49,80 |
| 🏅 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🎖️ IG | 👉 Click Here | ✅Yes | 497,97 |
5 Best Forex Brokers in Morocco (2024)
- ☑️ Exness – Overall, the Best Forex Broker in Morocco
- ☑️ eToro – The Best Overall Offering
- ☑️ FBS – The Best Forex Broker for Beginners
- ☑️ Interactive Brokers – Leading Broker for Established Traders
- ☑️ IG – Best MetaTrader Forex Broker
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 Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country Restrictions |
Our Insights
The benefits of trading with Exness include access to a Training Center and user-friendly Customer Support.
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 Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | From 10 USD (US) |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip, zero commission fees |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insight
eToro best suits Retail Traders interested in using Copy and Social Trading.
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 Deposit | 5 USD |
| 💵 Inactivity Fee | None |
| 🤝 Affiliate Program | ✅Yes |
| 4️⃣ Ease of Use Rating | 4/5 |
| 📐 Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Minimum deposit - $5 | High leverage may be daunting |
| Leverage of up to 1:3000 | High leverage carries an increased risk of loss |
| Commission-free trading | Lack 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
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. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
With a large proprietary offering of trading tools and trading platforms, Interactive Brokers best suit Established traders.
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 Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
The Benefits of trading with IG include several account types suited to all levels of traders.
Is Forex Trading Legal in Morocco?
Forex Trading in Morocco is Legal and well-regulated by the Moroccan Capital Market Authority (AMMC).
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).
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit 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.
You might also like:
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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