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5 Best Forex Brokers in Morocco

Written by: Louis Schoeman • Tuesday, June 4, 2024•3 min read
Edited by: Louis Schoeman • Last updated: Wednesday, June 26, 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, FinCEN, FINRA
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:30
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum Deposit$50 USD
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip
🤝 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 / MT5None
📊 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
📌 Year Founded1974
👤 Amount of Staff2,000+
👥 Amount of Active Traders300,000+
📍 Publicly Traded✅Yes
🛡️RegulationFCA,
ASIC,
CFTC,
NFA,
BaFin
🌎 Country of RegulationUK,
Australia,
US,
Germany
↪️ Account Segregation✅Yes
🚨 Negative Balance Protection✅Yes
⭐ Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💴 Minor Account CurrenciesUSD, EUR, GBP
💶 Minimum Deposit$250
⏰ Average
Deposit/Withdrawal
Processing Time		1-3 business days
💷 Fund Withdrawal FeeNone
📈 Spreads from0.6 pips
📉 CommissionsNone
💰 Number of Base Currencies Supported5
📊 Swap FeesApplicable
⚙️ LeverageUp to 1:30 (Retail)
🔖 Margin RequirementsVaries by asset
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
⏲️ Order Execution Time0.1 seconds
🖱️ VPS Hosting✅Yes
✔️CFDs Total17,000+
📌 CFD Stock Indices80+
🍎 CFD Commodities30+
📍 CFD Shares12,000+
💴 Deposit OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Skrill
💶 Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Skrill
🖥️ Trading PlatformsMetaTrader 4,
ProRealTime,
L2 Dealer,
IG Trading Platform
💻 OS CompatibilityWindows,
MacOS,
Android,
iOS
📐 Forex Trading ToolsEconomic calendar,
Autochartist,
Trading signals
🥰 Live Chat Availability✅Yes
💌 Customer Support Email✅Yes
☎️ Customer Support Contact Number✅Yes
💙 Social Media PlatformsFacebook, Twitter, LinkedIn
✏️ Languages SupportedMultiple languages
📔 Forex Course✅Yes
📚 Webinars✅Yes
📒 Educational ResourcesArticles,
Videos,
Tutorials
📑 Affiliate Program✅Yes
🗃️ Amount of PartnersNot specified
🗄️ IB Program✅Yes
📇 Notable Events or Teams✅Yes
🪙 Rebate Program✅Yes
💴 Cent or Micro AccountsNone
🚀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 ReviewFCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTCUSD 100Visit Broker
🥉Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewASIC, FCA, CySEC, SCBUSD 100Visit Broker
6Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
7Read ReviewBVI FSCUSD 1Visit 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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Faq

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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