Page Summary
Do you want to find the best trading platform in Morocco?
We use data from 105 online brokers in 9 categories to find the Best Trading Platform in Morocco. The categories used are: platforms, assets, fees, mobile trading apps, research & education, customer support, regulation, deposits & withdrawals, and Islamic account availability.
With 214 variables and 3500 data points, you will know the Best Trading Platform in Morocco.
The Top 5 Online Brokers For Moroccan Citizens
We created this review using a Trust Score Ranking system. The brokers listed below are the top providers in Morocco:
- AVAtrade has the best trading platform for Moroccan traders.
- Forex.com is best Forex Trading Platform
- Pepperstone – Best CFD Platform
- Saxo Bank is the best broker for asset variety and research tools
- Interactive Brokers is best broker for professional tools
Best Online Brokers Marocco
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
| #1 | AVAtrade | Best web trading platform | 4.8 / 5 | Beginner Traders | Official website |
| #2 | Forex.com | Professional customer support | 4 / 5 | Best Forex Trading Platform | Official website |
| #3 | Pepperstone | Low trading fees | 4.9 / 5 | Best CFD Platform | Official website |
| #4 | Saxo Bank | Asset variety and research tools | 4.9 / 5 | Best for local traders | Official website |
| #5 | Interactive Brokers | Industry leading fee structure | 4.9 / 5 | Professional traders | Official website |
TOP 5 Trading Platforms in Overview:
1. AVAtrade – The Best Web Trading Platform In Morocco
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AVAtrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
Pros
- Great Research and Educational tools
- Great Customer support
- Good choice of social trading options
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
2. Forex.com – Best Forex Trading Platform
Min Deposit: $100
Fees: 3.7
Assets available: 4.1
Total Fees:
Forex.com is a well balanced online broker, great for users looking to trade forex and CFDs on a platform with no real downsided. Their multi-asset, features-rich trading platform offers a wide range of proprietary platforms, advanced social trading features and great asset coverage. Forex.com offers trading on over 4500 different CFDs as stock, cryptos, currencies and access to 5500 tradable symbols overall.
Exceptional educational resources, great market research and ease of use make this broker a good choice for beginners. Fees are competitive if you are trading high volume. Standard account fees are above industry average.
Pros
- Great market coverage
- Advanced Trading and Web Trading platforms
- Advanced charting features and performance analytics
- Award Winning Mobile trading app
- Professional customer support
- Competitive fee and commission structure
Cons
- Educational videos are missing
- MT5 available outside of US only
- Limited assets available on MT5
Key features
- 5500 tradable symbols and 4550 CFDs overall
- Award winning mobile trading app
- Advanced charting and performance analytics available
- Great combination of ease of use and personal customisation
- Publicly traded
3. Pepperstone – Best CFD Platform
Min Deposit: $200
Fees: 4.9
Assets available: 4.8
Total Fees:
Pepperstone is an Australian CFD broker, founded in 2010. Their platforms offers access to 180 + financial instruments including forex and CFDs on stocks, indices, commodities and cryptocurrencies.
Trading platforms available on Pepperstone are listed below.
- MetaTrader 4
- MetaTrader 5
- TradingView
- cTrader
The platform charges zero spreads on most forex pairs and a fixed commission of $3,50. Peppesrtone is a reputable broker regulated by top-tier financial authorities including the Financial Conduct Authority (FCA), the Dubai Financial Services Authority (DFSA) and the Australian Securities and Investments Commission (ASIC).
Pepperstone’s customer support is available 24/7 in English and Arabic. They are reachable through email, live chat, and phone.
Pros
- Algorithmic trading features
- Multiple third party integrations (MT4, MT5, cTrader, Tradingview)
- Competitive fees
- Social trading features
- Excellent education and research materials
Cons
- Limited video educational resources
- Limited advanced order types
- Customer not available in Arabic
Key features
- 60+ Forex pairs and 700+ different CFDs
- MetaTrader 4, MetaTrader 5, cTrader trading platforms
- TradingView integration
- Zero spreads on a few forex pairs including EUR/USD
- Special set of tools for professional traders
- Islamic swap-free account available
4. Saxo Bank – Best broker for asset variety and research tools
Min Deposit: $2000
Fees: 4.7
Assets available: 4.9
Total Fees:
69% of retail investor accounts lose money when trading CFDs with this provider.
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
5. Interactive Brokers – Best broker for professional tools
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
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.
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
Pros
- Best market coverage in the industry (100k+ assets on different instruments)
- Access to 16,500 shares and 8,000 stocks as CFDs
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Industry leading fee structure
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
How We Chose The Top International Trading Platforms For Moroccan Residents?
We show you the Best Trading Platform in Morocco with data from 105 online brokers across 9 different categories. The categories are: platforms, costs, research & education, copy trading, customer support, assets available, withdrawal & deposit, regulation, mobile apps, and Islamic account availability.
Research & Education
Brokers are more than a trading platform and should include research and educational material with an account. Make sure your broker delivers the information you need.
| Feature | AVAtrade | IQ Option | Sarwa | IG | Swissquote | Pepperstone | IC Markets | eToro | Forex.com | Saxo Bank | Interactive Brokers |
| Educational Resources | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Webinars | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Daily News Updates | Yes | No | No | Yes | Yes | No | Yes | Yes | Yes | No | Yes |
| Personal Training and Room Access | Yes | No | No | No | Yes | No | No | Yes | No | Yes | No |
| Market In-depth Analysis | Yes | No | No | Yes | Yes | No | No | Yes | Yes | No | Yes |
| Market Research | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Trading Signals | Yes | No | No | Yes | Yes | No | Yes | Yes | Yes | No | Yes |
Asset
Any broker you consider should have a range of tradable assets, like ETFs, stocks, futures, forex, mutual funds, bonds, commodities, indices, and cryptos.Any broker you consider should have a range of tradable assets, like ETFs, stocks, futures, forex, mutual funds, bonds, commodities, indices, and cryptos.
| Feature | AVAtrade | IQ Optio | Sarwa | IG | Swissquote | Pepperstone | IC Markets | eToro | Forex.com | Saxo Bank | Interactive Brokers |
| Shares | 0 | 0 | 4000 | 10000 | 60 | 0 | 0 | 2800 | 0 | 30000 | 16500 |
| ETF and Funds | 0 | 0 | 1 | 1000 | 9000 | 0 | 0 | 0 | 0 | 5900 | 35000 |
| Crypto | 0 | 0 | 1 | 0 | 26 | 0 | 0 | 30 | 0 | 9 | 4 |
| Commodities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Indices | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3052 |
| Options | 1 | 0 | 1 | 0 | 6 | 0 | 0 | 0 | 0 | 3000 | 50000 |
| Futures | 0 | 0 | 1 | 0 | 6 | 0 | 0 | 0 | 0 | 300 | 245 |
| Bonds | 2 | 0 | 1 | 0 | 53000 | 0 | 0 | 0 | 0 | 4200 | 1000000 |
| Forex | 59 | 33 | 0 | 80 | 80 | 60 | 61 | 49 | 91 | 200 | 115 |
| CFD Stocks | 100 | 194 | 0 | 12000 | 0 | 600 | 730 | 2800 | 9500 | 19000 | 8000 |
| CFD Commodities | 15 | 3 | 0 | 6 | 12 | 31 | 22 | 54 | 22 | 50 | 2 |
| CFD Crypto | 14 | 19 | 0 | 10 | 12 | 17 | 18 | 32 | 8 | 0 | 0 |
Trading Platforms
Brokers have dedicated trading platforms, and also offer MT4 and MT5. You need to understand the platform before you start trading, and all the features it has.
| Feature | AVAtrade | IQ Option | Sarwa | IG | Swissquote | Pepperstone | IC Markets | eToro | Forex.com | Saxo Bank | Interactive Brokers |
| Generic Platforms | Yes | No | No | Yes | Yes | Yes | Yes | No | Yes | No | No |
| Proprietary Platform | Yes | Yes | Yes | Yes | No | No | No | Yes | Yes | Yes | Yes |
| Desktop version | Yes | Trader Workstation, Client Portal | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Web version | Yes | Yes (Trader Workstation) | Yes | Yes | Yes | Yes | No | No | Yes | Yes | Yes |
| Mobile App | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No | Yes | Yes |
| MetaTrader4 | Yes | No | No | Yes | Yes | Yes | Yes | No | No | No | No |
| MetaTrader5 | Yes | No | No | No | Yes | Yes | Yes | No | No | Yes | No |
| cTrader | Yes | No | No | No | No | Yes | Yes | No | No | Yes | No |
| Other Generic | Yes | No | No | Yes | Yes | No | No | No | No | No | No |
Fees
Trading fees add up, and some brokers offer 0% trading fees. When you choose a broker, look at the fees, and if you are a frequent trader, keep the fees low.
| Feature | AVAtrade | IQ Optio | Sarwa | IG | Swissquote | Pepperstone | IC Markets | eToro | Forex.com | Saxo Bank | Interactive Brokers |
| Deposit Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Withdrawal Fee | 0 | 0 | 0 | 0 | $10 | 0 | 0 | $5 | 0 | 0 | 0 |
| Inactivity Fee | $50 quaterly after 3 months | Yes | 0 | Yes | 0 | 0 | 0 | $10 monthly after 1 year | $15 per month (after 12 months) | $100 – 6months | 0 |
| Overnight Fee | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | 2.5% | Yes | Yes on CFD’s |
| Cost Per Trade | 0 | 0 | 0 | 0 | 0 | 0 | $3.5 per lot | 0 | 0 | 0 | 0 |
| Cost Per Month | 0 | €10 | 0 | $18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock and ETFs | 0 | 0.48 pips | 0.85% | 0.3 pips | $9 | 0 | 0 | 0 | 0+spread | $1 | $0.005 per share |
| FOREX (EURUSD) | 0.9 pips | 4.7 pips | 0 | 0.6 pips | 1.6 pips | 0.6 | 0 | 1.1 pips | 0.8 pips | 1 | 0.2 pips + 0.08 to 0.20 bps times trade size commission |
| Crypto | 0.35% | 127.14 pips | 0.75% | 0 | 0.50% | 0 | 0 | 0 | 0 | 0 | 0.12% to 0.18% of trade value |
| CFD (gold) | 3.4 pips | 4.8 pips | 0 | 0.3 pips | 5.37 pips | 0.05 pips | 0.0 pips | 5 pips | 0.8 pips | 0.6 pip | 0.02 |
Deposit & Withdrawal
Deposits and withdrawals should be free, so look and make sure your broker has a fee structure that works for your deposit and withdrawal preference.
| Feature | AVAtrade | IQ Option | Sarwa | IG | Swissquote | Pepperstone | IC Markets | eToro | Forex.com | Saxo Bank | Interactive Brokers |
| Minimum in UAE | $100 | $10 | $5 | $5500 | $0 | $200 | $200 | $200 | $100 | $2000 | 0 ($2000 for margin account) |
| Bank Wire | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cash | No | No | No | No | No | No | No | No | No | No | No |
| Credit/Debit Card | Yes | $50 | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Check | No | No | No | No | No | No | No | No | No | No | Yes from a US bank account |
| Islamic Account Transfer | Yes | No | Yes | No | Yes | Yes | No | Yes | Yes | No | No |
| E-Paymenst | Yes | Yes | No | No | No | No | Yes | Yes | No | No | No |
| Paypal | No | Yes | No | No | No | No | Yes | Yes | No | No | No |
| Skrill | Yes | Yes | No | No | No | No | Yes | Yes | No | No | No |
| Neteller | Yes | Yes | No | No | No | No | Yes | Yes | No | No |
Social / Copy Trading
Social and copy trading gets you into the market fast. Social and copy trading are available with major brokers.
Customer Support
Customer Support
You need a broker with 24/7 customer support in a language you understand. Choose a broker that speaks your language, and has contact options that work for you.
| Feature | AVAtrade | IQ Option | Sarwa | IG | Swissquote | Pepperstone | IC Markets | eToro | Forex.com | Saxo Bank | Interactive Brokers |
| Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Phone | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Live Chat | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| 24/7 support | Yes | Yes | No | No | No | No | Yes | Yes | No | Yes | No |
| Multilingual | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Personal Account manager | No | No | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | Yes |
Regulations
Only choose brokers regulated by the FCA, CySEC, and ASIC. Don’t bother with brokers that aren’t compliant with regulations in a top-tier market.
| Feature | AVAtrade | IQ Option | Sarwa | IG | Swissquote | Pepperstone | IC Markets | eToro | Forex.com | Saxo Bank | Interactive Brokers |
| Regulators | ASIC, FSA, FSCA, CBI FFAJ, ADGM | CySEC, FCA, Consob, CNMV, Regafi, AFM, FSA, CNB | DFSA | DFSA, FCA, BaFin, ASIC, JFSA, MAS, INMA, FTC, CFTC, NFA, | FCA, DFSA | ASIC, CySEC, FCA, DFSA, BAFIN, CMA, SCB | FSA, ASIC, CySEC | ASIC, CySEC, FCA, FSCS | IIROC, SFC, CySEC, FSA, NFA, FTC, MAS, CIMA, ASIC, FCA | ASIC, SFC, JFSA, MAS, Finma, FCA | NYSE, FINRA, SIPC |
Mobile Trading
Mobile trading keeps you in the markets from anywhere your mobile device works. Every broker offers different mobile trading features, so make sure you understand your broker’s mobile platform.
| Feature | AVAtrade | IQ Option | Sarwa | IG | Swissquote | Pepperstone | IC Markets | eToro | Forex.com | Saxo Bank | Interactive Brokers |
| Android | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Apple | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Watchlist (mobile) | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Economic Calendar (mobile) | No | Yes | No | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes |
| Charting Tools (mobile) | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes |
Islamic Accounts
All of the brokers from our list offer Islamic accounts. This gives users access to trading strategies that are in compliance with the Sharia law requirements.
Which is the best Mobile Trading App in Morocco?
Our research shows AVAtrade, Interactive Brokers, Capital.com, and Saxo Bank have the best mobile trading apps in Morocco. All the apps support iOS and Android, and offer market data.
Consider these apps for mobile trading in Morocco:
- AVAtrade
builds its own trading app, called AvaTradeGo, and also gives its clients the mobile versions of MT4 and MT5. AvaTradeGo uses the same features as the desktop version, so if you already like AVAtrade’s desktop platform, the mobile app will be great. - Interactive Brokers
offers IMPACT for stock trading and crypto, and IBKR for trading all the other assets, like options, futures, and more. IBKR has loads of options, but it isn’t made for beginners. Anyone who needs a comprehensive mobile platform will like IBKR. - Saxo Bank
offers SaxoTraderGO for mobile trading, and markets available on SaxoTraderGO are the same as the desktop trading platform. Traders can access advanced market data, charts, and limit orders with SaxoTraderGO. Saxo clients also have the option to use the mobile version of MT4, but it has less tradable assets.
Online trading in Morocco
An account with a top-tier offshore broker lets you trade global markets, like futures, options, ETFs, stocks, commodities, bonds, and mutual funds.
The Moroccan Capital Market Authority (MCMA) regulates financial markets in Morocco, but the best brokers for traders in Morocco are offshore.
There are no restrictions on using offshore brokers in Morocco, and traders can open an interest-free account compliant with Sharia law.
You can check with the MCMA to see if a broker you like registered in Morocco, or with the regulator in the broker’s home country.
How to Open a Brokerage Account in Morocco?
When you open an offshore brokerage account in Morocco, you need legal ID like a passport or driver’s license, a bank account, and proof of address.
STEP ONE: Choose a broker and open an account online, if you need a Sharia compliant account, make sure you open the correct account type. You should also check on the minimum deposit at the broker.
STEP TWO: When you sign up for an account, the broker will ask for KYC documents, like your passport. After you pass the quick KYC check, fund your account.
Look at the funding methods the broker offers, so you don’t spend too much money on a transfer. Offshore brokers accept wire transfers, but there may be better options, like Skrill.
STEP THREE: Now fund the trading account, download or login to a trading platform, and start trading.
All the brokers we review have demo accounts, and educational resources. Use the demo account to practice if you have never traded before, and don’t risk real money as you learn.
Points to consider before you get started
Investors and traders in Morocco who are new to the markets should consider a few things before deciding on a broker.
Here are some ideas to consider:
- How to Invest
Everyone has different investment goals, and when you choose a broker, your goals should come first. Think about how you plan to spend your money, and how often you trade. Some people want to buy investments every month, and others want to trade actively. If you have a long term investment strategy, look for brokers that sell stocks, ETFs, and mutual funds. - The Assets
Some assets work for both traders and long term investors, but the way to buy the assets varies based on the timeframe. ETFs are a good example of an asset that traders use for short term trading and long term investors buy and hold. But, when a trader buys an ETF, they would look for a CFD that follows the price of a popular ETF, while a long term investor buys the ETF itself. - Active Investment
Active investors need to think about their trading strategy, and how to deploy it into the markets. Brokers have rules about rapid trading, so if you want to be able to trade without limits, look for a broker that supports day traders. You should also understand leverage, and how to use borrowed money to amplify market movements. Be sure to look at what a broker offers, and open the correct account for your investment strategy.
Final Verdict
After reviewing XXX brokers across X different categories, we see AVAtrade as the Best Trading Platform in Morocco. It has a solid trading platform, reliable customer support, and a fair fee structure. AVAtrade offers investors ETFs, stocks, mutual funds, options, futures, commodities and more.
FAQ
Is Online Trading Legal in Morocco?
Online trading is legal in Morocco, and investors can choose brokers in top-tier markets like the UK, Cypress, USA, and Australia.
What Can I Trade With an Offshore Broker?
Investors in Morocco can trade stocks, ETFs, CFDs, options, futures, forex, cryptos, and more with the brokers we review.
What is the Best Trading Platform in Morocco?
Our research says that AVAtrade is the best broker in Morocco.
Is Online Trading Permitted by Sharia Law?
Interest-free Sharia compliant accounts are available at all the brokers we review.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.