The best brokers in Morocco in 2021 are IQ Option, AVATrade, eToro, XM, and Pepperstone. Some traders like the low trading fees at Pepperstone. Others take an interest in the professional tools available at eToro.
This article shares insights on the top online brokers for Moroccan citizens.
The Top 5 Online Brokers Of 2021 For Moroccan Citizens
We created this review using a Trust Score Ranking system. The brokers listed below are the top providers in Morocco:
- IQ Option is the number one online broker in Morocco.
- AVAtrade has the best trading platform for Moroccan traders.
- eToro is the leading social trading broker.
- XM has the best forex trading platform for Moroccan traders.
- Pepperstone offers excellent performance and low trading fees.
Best Online Brokers Marocco 2021
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||IQ Option||Best overall offer||4.9/5||Options, stocks, forex and crypto||Official website|
|#2||AVAtrade||Best web trading platform||4.9||Low spreads||Official website|
|#3||eToro||Best for copy trading||4.9/5||Social Trading||Official website|
|#4||XM||Best for forex trading||4.9||Forex trading||Official website|
|#5||Pepperstone||Lowest trading fees||4.8/5||Low fees||Official website|
TOP 5 Trading Platforms in Overview:
01. IQ Option: The Best Morocco Broker In 2021
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 on a feature-rich and user-friendly platform.
The trading experience on their proprietary web, desktop, and mobile platforms is smooth. It is an easy to learn and navigate platform suitable for professional and beginner traders. Their platform offers a wide range of charting tools that help traders predict future market movements.
IQ Option is a trustworthy online broker subject to the highest standards of regulation and safety in the industry. It is a CySEC authorized company with a 100% clean history.
02. AVA Trade: The Best Web Trading Platform In Morocco
Founded in Dublin in 2006, AvaTrade offers average-to-competitive fee spreads and several tradable currency pairs and CFD’s over stocks. They provide several 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. AvaTrade is regulated in six jurisdictions and available since 2021 in the UAE. They are regarded as a trusted broker with a long operational history.
03. eToro: The Top Social Trading Broker
eToro is a safe online broker regulated by top-tier financial regulators. It is known for its multi-asset, features-rich trading platform, and advanced social copy trading features. This lets users copy trades and portfolios from other traders. Built in a forum-like way, it allows engagement between peers through a comment section.
eToro offers a range of CFDs over stocks, currencies, crypto, indices, and commodities. Trading spreads are wide, deposits are free. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat.
04. XM Trade: The Best Overall Forex Trading Platform For Moroccan Citizens
XM.com is the best broker for forex and CFD trading. They offer the best Social Copy Trading opportunities through their full suite of MT4 and MT5 web, desktop, 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 minimum opening fees range from $5 to 100 US dollars 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, IFSC and is considered a safe broker for trading forex and CFDs.
05. Pepperstone: The Lowest Trading Fees For Moroccan Clients
Based in Melbourne, Australia, 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 with multiple self-developed add-ons. They do not have a proprietary mobile platform, instead use MT4 and cTrader mobile apps. It has a low minimum deposit, great customer support, and an above-average research section, and an award-winning set of educational tools.
IQ Option, AVATrade, eToro, XM, and Pepperstone are the best trading platforms in Morocco. Moroccan residents benefit from impressive user experience and product range.
Frequently Asked Questions
We use real accounts and money to review a broker. Our findings depend on 105 criteria, like user experience, safety, and customer service. Read about our review techniques in our Methodology section.
How We Identify A Reliable Platform?
Security and safety represent an essential part of our research. We identified the best trading platforms in Morocco based on many factors. The account opening process, product range, and fees are some of the aspects we discuss.
Safety Risks For Moroccan Citizens
A trustworthy broker for Moroccan citizens has top-tier licenses. A reliable brokerage firm has a notable presence on an exchange market or has a banking history.
Trading comes with risks because not all brokers have transparent policies. Learn about brokers and their safety risks in our in-depth reviews.
What Is The Financial Regulatory Authority In Morocco?
The financial regulatory authority in Morocco is the L’Autorité Marocaine du Marché des Capitaux. The AMMC manages and outlines rules for all brokerage firms in Morocco. They aim to secure the trading sector and diminish the occurrence of fraud. Read about the AMMC on its official website.
The Moroccan central bank, Bank Al-Maghrib, introduces new finance models to the economy. The BAM makes financial services more available to Moroccan residents. Read about the BAM on its official website.
How We Chose The Top International Trading Platforms For Moroccan Residents?
We chose the top international brokers for Moroccan residents after thorough research. Below is a list of the five main groups for the 105 criteria we use in our analyses:
Costs: A good trading experience starts with a transparent fee policy. Some brokers have higher fees than others.
Account: Some Moroccan brokers charge a minimum deposit fee. Others won’t request an initial deposit for new accounts.
Withdrawal and deposit: Depositing funds takes longer with some brokers than with others. Learn about withdrawal and deposit policies in our Moroccan brokers’ reviews.
Market and products: Brokers have distinct product coverage. Read about the market and products for Moroccan residents in our in-depth reviews.
Trading platforms: An excellent trading experience requires a reliable platform. Look for a broker who offers professional tools and versatile assets.
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 detail. 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.
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.
If you liked this article than also read:
- 1 The Top 5 Online Brokers Of 2021 For Moroccan Citizens
- 2 TOP 5 Trading Platforms in Overview:
- 2.1 01. IQ Option: The Best Morocco Broker In 2021
- 2.2 02. AVA Trade: The Best Web Trading Platform In Morocco
- 2.3 03. eToro: The Top Social Trading Broker
- 2.4 04. XM Trade: The Best Overall Forex Trading Platform For Moroccan Citizens
- 2.5 05. Pepperstone: The Lowest Trading Fees For Moroccan Clients
- 3 Final Verdict