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Best Forex Brokers Morocco 2023

BrokerNotes.co

Written by BrokerNotes.co

April 24, 2023

Best Online Brokers for Morocco

  • IG
    - 9.9/10 Overall
  • FOREX.com
    - 9.3/10 Overall
  • XTB - 9/10 Overall
  • AvaTrade - 8.6/10 Overall
  • XM Group - 8.4/10 Overall
  • Admiral Markets - 8.3/10 Overall
  • IC Markets - 8.2/10 Overall
  • Tickmill - 8.0/10 Overall
  • HFM - 7.8/10 Overall
  • HYCM (Henyep) - 7.7/10 Overall
  • Eightcap - 7.6/10 Overall
  • ThinkMarkets - 7.4/10 Overall
  • easyMarkets - 7.3/10 Overall
  • FXPrimus - 6.9/10 Overall
  • Libertex (Forex Club) - 6.7/10 Overall
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

9.9 / 10

Minimum Deposit

£250.00

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86
All-in Cost EUR/USD - Active0.5957
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Overall Rating

9.3 / 10

Minimum Deposit

$100

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0
All-in Cost EUR/USD - Active1.0
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Overall Rating

9 / 10

Minimum Deposit

$0

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.07
All-in Cost EUR/USD - Active1.04
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Overall Rating

8.6 / 10

Minimum Deposit

$100

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.92
All-in Cost EUR/USD - Active0.61
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2006
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses4
Tier-2 Licenses4
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1260
Forex Pairs (Total)55
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)80
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Overall Rating

8.4 / 10

Minimum Deposit

$5

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.6
All-in Cost EUR/USD - Active0.8
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2009
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1429
Forex Pairs (Total)55
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Overall Rating

8.3 / 10

Minimum Deposit

$100

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.8
All-in Cost EUR/USD - Active0.7
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2001
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses3
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)6942
Forex Pairs (Total)80
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Overall Rating

8.2 / 10

Minimum Deposit

$200

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.62
All-in Cost EUR/USD - Active0.62
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3583
Forex Pairs (Total)61
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Overall Rating

8.0 / 10

Minimum Deposit

$100

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.51
All-in Cost EUR/USD - Active0.31
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2014
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)725
Forex Pairs (Total)63
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Overall Rating

7.8 / 10

Minimum Deposit

$0

Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust. close

Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.2
All-in Cost EUR/USD - Active0.9
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2010
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex Trading (Spot or CFDs)Yes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3500
Forex Pairs (Total)47
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)15
Apps & Toolsexpand_moreexpand_less
Android App
Apple iOS AppYes
Education (Forex or CFDs)Yes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

AvaTrade

AvaTrade is globally recognized and well-established in the provision of trading services, with a large base of over 200,000 registered clients worldwide. Their services can be accessed throughout Europe and in many other jurisdictions around the world, with over 15 different languages supported through their websites. Arabic is just one of the supported languages, making AvaTrade suitable for traders from Morocco. Customer helplines are available in the region of Nigeria and South Africa. AVA Trade Ltd is an internationally regulated entity, with authorization from the BVI Financial Services Commission. Subsidiary companies are also regulated and supervised in Australia, Europe, and Japan.

AvaTrade’s platforms include AvaTradeAct, which is AvaTrade’s own platform and offers clients access to over 250 financial instruments across many different markets. Users can trade contracts for difference (CFDs), bonds, Exchange-Traded Funds (ETFs), stocks and more. Forex trading is also available for customers via the MetaTrader 4 platform. All of AvaTrade’s platforms can be accessed via web-based browsers or can be downloaded as apps for mobiles and tablets. SharpTrader is an education platform provided in 8 different languages by AvaTrade and is a central hub for their educational tools and information.

A noteworthy feature of the AvaTrade offering is their Islamic account, which caters to the restrictions placed by the Islamic faith. Interest-based business is not permitted so interest-free Islamic accounts are necessary for Muslim countries such as Morocco.

The company also provides a risk-free demo account which can be used by traders to familiarise themselves with the platform and trading techniques. No deposit is required to open a demo account, whereas a minimum deposit amount of US$100 is required for live accounts. This is increased to US$500 when depositing using a wire transfer. PayPal, Neteller and Skrill are also amongst the accepted payment methods in Morocco.

XTB

X-Trade Brokers were formed in Poland in 2002 where they pioneered leveraged FX trading. They were soon opening offices around Europe, and now have offices in 13 different countries around the world. Some of their main offices include the UK, Germany, France, Spain, and Belize. The international offering from what is today known as XTB is headquartered in Belize, and regulated by the International Financial Services Commission (IFSC). They are also regulated in various jurisdictions around the world, by top regulators such as the Financial Conduct Authority (FCA), the German Federal Financial Supervisory Authority (BaFin), Komisja Nadzoru Finansowego (KNF) in Poland and the Romania National Securities Commission. As such, XTB are required to adhere to the stringent regulatory regimes imposed by these supervisory authorities, which includes the requirement to segregate client money from their own funds to ensure that it is not available to be accessed by third parties.

XTB offer access to over 1500 markets from around the world. Just some of the most popular instruments include currency pairs such as GBP/USD, indices which can be traded as contracts for difference (CFDs) such as the UK100 and US500, and CFDs on commodities, such as gold and natural gas.

Clients are offered one of the most powerful trading platforms on the market when they take an account with XTB. Their xStation 5 proprietary trading software allows trades to be executed on average within 85 milliseconds. It also comes equipped with advanced features such as a trader’s calculator, charts trading, performance statistics, market depth, and much more. Clients can also opt for the industry-standard MetaTrader 4, which is favored by many traders from around the world.

Traders from Morocco can access a French-language version of the website, which is a language widely spoken in the country. The account can be opened in Euros, US dollars, or GBP, and deposits can be made via bank transfer, credit/debit card or popular e-payment methods such as PayPal and Neteller.

BrokerNotes.co 2023 Overall Rankings

To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

Company Accepts MA Residents Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Trust Score Tradeable Symbols (Total) Read Review Visit Site
IG logoIG check 9.9 £250.00 0.86 99 19537 IG Review Visit Site
Saxo Bank logoSaxo Bank check 9.7 €2,000 0.9 99 60000 Saxo Bank Review
Interactive Brokers logoInteractive Brokers check 9.7 $0 0.6 99 8500 Interactive Brokers Review
CMC Markets logoCMC Markets check 9.6 $0 0.51 99 12377 CMC Markets Review
TD Ameritrade logoTD Ameritrade check 9.5 $0 1.25 99 0 TD Ameritrade Review
FOREX.com logoFOREX.com check 9.3 $100 1.0 99 5500 FOREX.com Review Visit Site
City Index logoCity Index check 9.2 £100.00 1.0 99 13500 City Index Review
XTB logoXTB check 9 $0 1.07 95 12000 XTB Group Review
eToro logoeToro check 8.8 $10-$10,000 1 93 3458 eToro Review
Swissquote logoSwissquote check 8.7 $1000 N/A 99 466 Swissquote Review
AvaTrade logoAvaTrade check 8.6 $100 0.92 93 1260 AvaTrade Review
FXCM logoFXCM check 8.5 Starts from $50 1.38 96 440 FXCM Review Visit Site
Plus500 logoPlus500 check 8.5 €100 0.8 98 2800 Plus500 Review
Capital.com logoCapital.com check 8.4 $20 0.65 85 3152 Capital.com Review
XM Group logoXM Group check 8.4 $5 1.6 90 1429 XM Group Review
Pepperstone logoPepperstone check 8.4 $200 0.77 93 2342 Pepperstone Review
OANDA logoOANDA check 8.4 $0 1.26 92 124 OANDA Review
Admiral Markets logoAdmiral Markets check 8.3 $100 0.8 88 6942 Admiral Markets Review
FP Markets logoFP Markets check 8.3 $100 AUD 1.2 86 10000 FP Markets Review
IC Markets logoIC Markets check 8.2 $200 0.62 86 3583 IC Markets Review
Markets.com logoMarkets.com check 8.2 $100 1.9 98 2179 Markets.com Review
FxPro logoFxPro check 8.1 $100 1.51 90 2249 FxPro Review
Tickmill logoTickmill check 8.0 $100 0.51 82 725 Tickmill Review
Fineco Bank logoFineco Bank check 8.0 $0 N/A 92 126 Fineco Bank Review
BlackBull Markets logoBlackBull Markets check 7.9 $0 0.827 74 26000 BlackBull Markets Review
DooPrime logoDooPrime check 7.8 $100 N/A 84 10000 DooPrime Review
Vantage logoVantage check 7.8 $50 1.30 89 1000 Vantage Review
BDSwiss logoBDSwiss check 7.8 $100-$5000 1.6 83 1081 BDSwiss Review
TMGM logoTMGM check 7.8 $100 0.96 79 12000 TMGM Review
HFM logoHFM check 7.8 $0 1.2 85 3500 HFM Review
FlowBank logoFlowBank check 7.7 $0.00 N/A 77 408600 FlowBank Review
HYCM (Henyep) logoHYCM (Henyep) check 7.7 $100 0.6 86 362 HYCM Review
Trading 212 logoTrading 212 check 7.6 EUR 10 N/A 77 1785 Trading 212 Review
Eightcap logoEightcap check 7.6 $100 1.0 87 736 Eightcap Review
Trade Nation logoTrade Nation check 7.5 $0 0.6 83 601 Trade Nation Review
Moneta Markets logoMoneta Markets check 7.5 $50 1.27 71 965 Moneta Markets Review
ThinkMarkets logoThinkMarkets check 7.4 $250.00 N/A 86 1674 ThinkMarkets Review
VT Markets logoVT Markets check 7.4 $200 1.2 71 168 VT Markets Review
ACY Securities logoACY Securities check 7.4 $50 1.2 75 1600 ACY Securities Review
easyMarkets logoeasyMarkets check 7.3 $100 0.9 84 199 a href="/reviews/easymarkets">easyMarkets Review
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) check 7.3 $100 1.4 69 12000 Roboforex (RoboMarkets) Review
IronFX logoIronFX check 7.2 $50 1.2 84 340 IronFX Review
Exness logoExness check 7.2 $1 0.9 74 112 Exness Review
Spreadex logoSpreadex check 7.2 $0 N/A 70 2000 Spreadex Review
Trade360 logoTrade360 check 7.1 $250 N/A 75 1062 Trade360 Review
AxiTrader logoAxiTrader check 7.1 0 N/A 83 175 Axitrader Review
GKFX logoGKFX check 7.1 $0 N/A 66 354 GKFX Review
Vestle logoVestle check 7.1 -1 N/A 79 750 Vestle Review
OctaFX logoOctaFX check 7 $25 0.9 69 229 OctaFX Review
FXOpen logoFXOpen check 7 $100 N/A 80 87 FXOpen Review
TeleTrade logoTeleTrade check 7 $100 N/A 67 500 Teletrade Review
FXPrimus logoFXPrimus check 6.9 $100 N/A 69 140 FXPrimus Review
Forex4you logoForex4you check 6.9 $0 N/A 62 150 Forex4you Review
LegacyFX logoLegacyFX check 6.9 $500 N/A 66 425 LegacyFX Review
GBE brokers logoGBE brokers check 6.8 $500 N/A 69 500 GBE Brokers Review
Alpari logoAlpari check 6.8 $20 N/A 67 105 Alpari Review
TopFX logoTopFX check 6.7 Depends on payment method N/A 67 655 TopFX Review
Libertex (Forex Club) logoLibertex (Forex Club) check 6.7 $10 N/A 72 300 Libertex Review
ATFX logoATFX check 6.6 $500 N/A 70 150 ATFX Review
UFX logoUFX check 6.6 $100 3 67 619 UFX Review
Xtrade logoXtrade check 6.5 $250 N/A 80 142 Xtrade Review
Tradeo logoTradeo check 6.4 $200 N/A 67 256 Tradeo Review

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There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

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