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Best Forex Brokers in Morocco 2021

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The best forex brokers in Morocco are IQ Option, AVATrade, XM, Pepperstone, and Interactive Brokers. Some brokers choose IQ Option because of its straightforward platform. Others opt for the best forex trading services for UAE citizens at XM. 

Each forex broker has its strengths and weaknesses. This article discusses the best forex brokers in Morocco in 2021. 

The Top 5 Forex Brokers Of 2021 For Moroccan Citizens 

This review is based on a Trust Score Ranking system. The brokers listed below are the top forex brokers in Morocco:  

  1. IQ Option is the leading online broker in Morocco.
  2. AVAtrade has the lowest spreads for UAE clients.
  3. XM has the best forex trading platform for Moroccan traders.
  4. Pepperstone has the lowest trading fees.
  5. Interactive Brokers has premium educational and research tools. 

Best Forex Brokers in Marocco 2021

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1IQ OptionBest overall offer4.9/5Options, stocks, forex and cryptoOfficial website
#2AVAtradeBest web trading platform4.9Low spreadsOfficial website
#3XMBest for forex trading4.9Trading platformOfficial website
#4PepperstoneLowest trading fees4.8/5Low feesOfficial website
#5Interactive BrokersBest overall offer4.8/5Premium toolsOfficial website

TOP 5 Forex Brokers in Overview:

01. IQ Option: The Best Broker With Versatile Assets

IQ-option-logo-2

IQ Option is the best online broker for options trading, known for low spreads, a sophisticated trading platform, free demo account options, and responsive customer support. 

It is a great platform for traders looking to invest in options and cryptocurrencies on a feature-rich and easy-to-use trading platform. IQ Options is excellent for traders at all levels from beginners to advanced. With nearly 16 million accounts and 3.6 million trades per day, IQ Options offers a transparent trading platform that enables users to trade forex, stocks, binary options, and cryptocurrencies.

The trading experience on their proprietary web, desktop, and mobile (Android and iOS) platforms is smooth. Their trading platform offers a great variety of charting tools that help traders predict future market movements.


02. AVA Trade: The Leading Beginner-Friendly Web Trading Platform In Morocco

avatrade-logo

Founded in Dublin in 2006, AvaTrade offers average-to-competitive fee spreads and several tradable currency pairs and CFD’s over stocks. AVAtrade trades dozens of cryptocurrencies and a handful of options. They provide several trading platforms, each aimed towards traders with different experience and skill levels.

Deposits and withdrawals are free of charge. The minimum deposit is $100. There are fees for inactivity and overnight financing. A dedicated educational and research site offers several free courses, videos, and market analysis. Customer support is responsive and available through phone, email, and live chat.

Regulated in six jurisdictions, AvaTrade is available in the UAE since 2020. They are a trusted broker with a long operational history.


03. XM Trade: The Best Mobile Trading Platform For UAE Citizens

XM.com is the best broker for trading forex and CFDs. They offer the best Social Copy Trading opportunities through their full suite of MT4 and MT5 web, desktop platform, and mobile platforms. XM Forex tools and accounts are suitable for both beginning and experienced traders. They have more than 1.5 million clients in 196 countries.

Their min. opening fees range from $5 to $100 based on account type. XM Forex supports clients wanting to sample their platform with a Demo account. They provide auto-trading, fast order executions, multiple order types, and no hidden commissions. 

Their research group Tradepedia offers courses aimed at all levels. XM Forex customer service group is highly rated with e-mail, phone, and live chat 24/5. XM Forex Global Web-trade is regulated by CySEC (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investment Commission), IFSC and is considered a safe broker for trading forex and CFDs.


04. Pepperstone: The Lowest trading Fees For Moroccan Clients

pepperstone-logo-1

Based in Melbourne, Pepperstone is a reliable Forex and CFD broker, known for its diversity of trading platforms, industry-leading pricing, fast account opening, and great support. Pepperstone users can trade many assets including forex, CFDs, cryptocurrencies, indexes, shares, and commodities. This broker is excellent for traders at all levels, from beginners to advanced. Pepperstone offers MetaTrader and cTrader trading platforms with multiple self-developed add-ons. They do not have a proprietary mobile platform and instead use MT4 and cTrader mobile apps.

Pepperstone has a low minimum deposit, great customer support, an above-average research section, and an award-winning set of educational tools. Customer service is fast and reliable.


05. Interactive Brokers: The Best Forex Broker For Advanced Educational And Research tools 

Interactive Brokers is a safe online broker known for its Trader’s Workstation platform, zero commission trades, great variety of trading tools and leading pricing for professionals. We recommend it to casual investors and advanced traders.

Interactive Brokers offers access to 135 global markets in 33 countries. Its portfolio is vast and has 68 distinct order types including: Stocks, Options, Futures, Bonds. All these assets are available in 31 currencies. Professional traders enjoy the industry-leading low fees and low margin rates. It has premium trading platforms for Day, Mobile, Options, and Futures traders.  Both casual and beginner traders can use this broker’s platform. It is straightforward and has diverse research and education tools. It ​​​​​​is regulated by several financial authorities globally, including top​-tier ones like the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).


Final Verdict 

IQ Option, AVATrade, XM, Pepperstone, and Interactive Brokers are the best forex brokers in Morocco. Moroccan residents receive superior product range and trading experience. 

Frequently Asked Questions 

We review forex brokers with real accounts and money. Our findings depend on 105 criteria, like safety, customer support, and learning tools. Read about our reviewing techniques in our methodology. 

How We Identify A Reliable Forex Broker? 

Safety and security are key aspects of our research. We chose the best forex brokers in Morocco based on many factors. Product range, fees, and account opening process are the main aspects we discuss. 

Safety Risks For Moroccan Citizens 

Trading forex is legal in Morocco. The downside is that it remains unregulated. Traders choose a brokerage firm licensed by a reputable jurisdiction. ASIC, FCA, and CySEC are the most popular forex trading licenses. 

What Is The Financial Regulatory Authority In Morocco? 

The regulatory authority in Morocco is the L’Autorité Marocaine du Marché des Capitaux. AMMC oversees all Moroccan forex brokers. Their goal is to secure the trading sector to decrease fraud occurrence. Read about AMMC on their official  website

The Moroccan central bank, Bank Al-Maghrib, oversees all finance activities. BAM encourages traders to choose highly-regulated forex brokers. Read about BAM on their  website

How We Chose The Top International Forex Brokers For Moroccan Residents? 

We chose the top international forex brokers for Moroccan residents after in-depth research. We use 105 criteria including: 

Costs:  A professional Moroccan broker has a transparent fee structure. There are brokers with higher commissions than others. Read our in-depth reviews to discover the “all-in costs” of each broker. 

Account:  Account types vary from one forex broker to another. Some Moroccan brokers have a single account type, while others have several account tiers. Verify what kind of account you need at your broker by reading our in-depth reviews.  

Withdrawal and deposit:  Withdrawing and depositing funds should be straightforward. Some forex brokers have a minimum deposit fee. Others won’t request an initial deposit for opening an account. Learn which forex broker has the best withdrawal and depositing process for your trading needs in our in-depth reviews. 

Market and products:  Market and products differ from broker to broker. Read our in-depth reviews to learn about assets and forex brokers. 

Trading platforms:  A premium trading experience starts with a user-friendly platform. Opt for a forex broker with a simple to understand platform. The brokes reviewed above have reliable platforms, but might be challenging to use. Read our reviews to discover which platform is best for your trading needs.  


Our Methodology

We took the time to analyze and compare the top 30 international trading platforms in 2021. So, each firm received its review based on 105 distinct variables and more than 50,000 words of research.

Keep in mind that broker involvement was optional. Each broker had the option to provide a detailed profile and offer adequate time for a yearly update meeting. This opportunity came with two possibilities: giving information over the web or live in person.

We checked all the information provided by brokers with a lot of attention to details. Our purpose was to offer you access to reliable, accurate, and well-researched data. Our validation process comes with less than a 1% error rate per year, as all the reviews we share come with a focus on quality and not quantity.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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