Following our in-depth review and ranking process, here are the best forex brokers in Morocco;
Table of Contents
Best Forex Brokers in Morocco
- IC Markets
- Pepperstone
- IG
- XM
- Forex.com
1. IC Markets
IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.
IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.
IC Markets Overview
| Broker | IC Markets |
|---|---|
| Regulation | ASIC, FSA, CYSEC |
| Forex Pairs | 61 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Minimum Deposit | $200 (or currency equivalent.) |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF. |
| Payment Methods | Bank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking. |
Pros
- Hassle-free account registration process.
- Strong regulatory framework.
- Over 180,000+ clients across 190 countries worldwide.
- Strong global presecence and reputation among traders.
- Deep liquidity.
- Negative balance protection.
- Clients funds are segregated.
- Industry standard trading platforms available in web, mobile and desktop versions.
- Provides support for algorithmic (such as Expert Advisors).
- Over 61 currency pairs to trade including major, minor and exotic currency pairs.
- Flexible leverage from 1:1 to 1:500.
- Low latency and ultra-fast trade execution.
- Supports all trading strategies.
- Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
- Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
- Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
- Demo account with unlimited usage duration.
- No inactivity fee.
- Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.
Cons
- Product offering limited to CFDs.
- No proprietary trading platform.
2. Pepperstone
Pepperstone is a global award-winning online broker established and operated by the Pepperstone Group. It offers Forex trading, spread betting and CFDs across a variety of global markets including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.
Pepperstone offers top-notch trading solutions which accommodate both beginner and professional retail traders, and also supports all trading styles and strategies (such as scalping, algorithmic trading and others). In addition, all Pepperstone clients can enjoy deep liquidity, low-cost trading, competitive spreads, superior trade execution, multiple industry-standard trading platforms, volume-based rebates, fast & secure payment methods, great research & educational offering and a dedicated customer support team available 24/7 etc.
Pepperstone Overview
| Broker | Pepperstone |
|---|---|
| Regulation | ASIC (Australia), FCA (United Kingdom), DFSA (Dubai) |
| Forex Pairs | 61 |
| Trading Platforms | MetaTrader4, Metatrader5 and cTrader |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal and Poli. |
Pros
- Strong regulatory framework.
- Beginner friendly.
- Easy account registration process.
- Deep liquidity and no requotes.
- Low latency and fast order execution.
- Supports all trading styles and strategies.
- Multiple account base currencies.
- Negative balance protection.
- Over 61 currency pairs, including major, minor and exotic pairs.
- Tailored account types with great trading conditions, competitive pricing and advanced tools.
- Secure payment methods, with fast deposit and withdrawal processing times.
- Industry-standard trading platforms (proprietary and third-party) available for mobile and desktop devices.
- Support for expert advisors.
- Zero commissions and consistently low spreads (from 0.6 pips ) on the standard account.
- Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
- Active Trader Program to reward high volume trading with cash rebates which is paid daily.
- No inactivity fee charged.
Cons
- Demo account duration limited to only 30 days.
- Limited product offering.
3. IG
IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange. IG offers CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.
IG offers an exceptional brokerage service, with trading solutions suitable for retail (beginners and professionals) and institutional clients (such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers). Also, traders can get access to an extensive list of great brokerage services including deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms, competitive spreads, expert customer support service, and much more.
IG Overview
| Broker | IG |
|---|---|
| Regulation | CFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International) |
| Forex Pairs | 81 |
| Trading Platforms | ProRealTime, L2 Dealer, MetaTrader 4 |
| Minimum Deposit | $300 (or currency equivalent) |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:200 |
| Account Currencies | USD, GBP, AUD, EUR, SGD, HKD. |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal |
Pros
- Strong regulatory framework.
- Listed on the stock exchange.
- 45+ years of industry experience.
- 313,000+ clients worldwide.
- Deep liquidity.
- Negative balance protection.
- Volume-based rebates.
- Industry-standard trading platforms available in web, mobile and desktop versions.
- Competitive spreads from 0.6 pips on major currency pairs.
- Fast and secure payment methods.
- No minimum deposit for bank transfer.
- Excellent eductional offering for beginner, intermediate and advanced traders.
- Outstanding research offering.
- Great customer support service.
Cons
- Inactivity fee charged (after 2 years of inactivity).
- No support for copy trading and social trading.
- High financing rate.
- Limited product portfolio in some countries.
- No support for social trading and copy trading.
4. XM
Established by the Trading Point Group, XM is a multi-award-winning online broker, as well as one of the biggest forex and CFD providers (by trade volume) in the world. It connects traders to a wide variety of global markets including forex and CFDs on stocks, commodities, equity indices, precious metals, energies and shares with over 1000+ instruments to trade.
XM offers a well-established brokerage solution for both beginner and professional retail traders. It is also suitable for all trading strategies and offers different account types with great account options, which traders can choose from to enjoy a tailored trading experience that perfectly suits their trading needs. In addition, traders can also gain access to multiple industry-standard brokers, deep liquidity, tight spreads, fast order execution, negative balance protection, a dedicated multilingual customer support service, and much more.
XM Overview
| Broker | XM |
|---|---|
| Regulation | CySEC (Cyprus), DFSA (United Arab Emirates), ASIC (Australia), IFSC (Belize), FCA (United Kingdom), BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands) and FI (Sweden). |
| Forex Pairs | 55 Currency Pairs. |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $5 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:888 |
| Account Currencies | USD, EUR, GBP, JPY, CHF,AUD, HUF, PLN, RUB, SGD, ZAR |
| Payment Methods | Wire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI |
Pros
- Strong regulatory framework.
- Easy account registration process.
- Supports over 30 languages.
- Beginner friendly.
- Deep liquidity.
- Fast order execution
- Multiple tailored account types.
- Offers swap-free account.
- Ultra low spreads from 0.0 pips on the Zero account.
- Low minimum deposit.
- Industry-standard trading platforms available in web, mobile and desktop versions.
- Supports all trading strategies.
- Support over 11 account base currencies.
- Multiple fast and secure deposit and withdrawal methods..
- Quality education & research offering.
- Great customer support service.
Cons
- No proprietary trading platform.
5. Forex.com
Forex.com is a highly reputable online broker across the globe and a part of StoneX Group Inc. (NASDAQ: SNEX), a publicly-traded company that meets the highest standards of corporate governance, financial reporting and disclosure. Forex.com offers forex trading and CFDs across a variety of asset classes including, indices, metals, commodities, stocks and cryptocurrencies, with over 4,500+ instruments to trade.
Forex.com offers a well-rounded trading solution, suitable for retail, commercial and institutional clients. It provides support for all trading strategies (such as hedging, scalping, EAs, etc). In addition, it offers several great trading services including; low-cost trading, top tier liquidity, superior trade executions, industry-standard trading platforms, professional guidance and support, transparent fee structure, an active trader program for reduced trading cost, and much more.
Forex.com Overview
| Broker | Forex.com |
|---|---|
| Regulation | ASIC (Australia), NFA (US), CFTC (US), FCA (United Kingdom), FSA (Japan), IIROC (Canada) |
| Forex Pairs | 80 |
| Trading Platforms | Forex.com Webtrader, Metatrader 4, Forex.com Mobile App |
| Minimum Deposit | $100 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:50 |
| Account Currencies | USD, EUR, CAD, JPY, CHF, AUD, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Paypal, Skrill, Neteller. |
Pros
- Strong regulatory framework.
- Over 20 years of indusry experience.
- Beginner friendly.
- Top tier liquidity.
- Low latency and superior order execution.
- Supports all trading strategies.
- Negative balance protection.
- Clients funds are segregated.
- Over 80 currency pairs, including major, minor and exotic currency pairs.
- Transparent fee structure with no hidden charges.
- Low forex trading fee.
- No deposit or withdrawal fee.
- Offers Active Trader Program which helps reduce trading cost by up to 15%.
- Quality educational and market research offering.
- Industry-standard platforms available in web, mobile and desktop versions.
- Great customer support service.
Cons
- Inactivity fee of $15 (or 15 base currency equivalent) charged per month if there is no trading activity or no open positions for a period of 12 months or more.