Best forex brokers in Morocco

Broker Country Rating Min. Deposit Website
US5/5$50Click for a special offerWebsite
Cyprus, Australia4.97/5$100Click for a special offerWebsite
UK, Cyprus, Belize4.95/5$5Click for a special offerWebsite
Australia4.90/5$100Click for a special offerWebsite

The financial sector in Morocco is governed by two institutions – the central bank of the Kingdom of Morocco – Bank Al-Maghrib, which supervises all commercial banks and is responsible for the monetary policy and the price stability in the country and the Foreign Exchange Office (Office des Changes) – the official foreign exchange regulator, which oversees the financial markets.

Speaking about retail forex trading in Morocco it is not forbidden, but is not regulated either. And as usual in such cases if you reside in Morocco we would advise you to chose form the list of brokers, licensed and authorized by well respected institutions such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC). And besides virtually all legit brokers support their web pages in French and English and many of them do support Arabic versions and offer Islamic or swap free accounts

Still there are some restrictions. Have in mind that in November 2017 the Office des Changes made an official statement banning the use of all crypto currencies, stating that it is illegal to issue, supply or otherwise use crypto currencies, because they have been designated an illegal means of payment.

One of the payment methods, which is quite popular in Morocco is CashU. Of course you can also use major credit or debit cards like VISA and MasterCard as well as AmanPay, PayZone, and F-Pay.