BEST TRADING APPS

BEST ONLINE BROKERS IN MOROCCO

You probably went into Google searching for the best online brokers available in Morocco. You are interested and wish to trade a particular asset class like Forex, International Stocks or Cryptos, or maybe a specific asset like Apple Stocks, Oil instruments or the latest DeFi Cryptocurrency.

Although you already know the asset or asset class you want to trade, Google isn't inside your mind (yet). So, Google couldn't figure out whether you wished to trade Forex, US stocks, or buy investment fund units, and it brought you here. This article is long, but it has the basics of what you need to know about the best investment and trading platforms. So, let's talk about Morocco's top online trading apps, divided by asset class.

Recommended Platform

Conclusions About Our Lists of Best Online Trading Brokers

Many websites that write about trading and financial instruments topics will recommend "The Best Online Broker", and it will probably be the platform that pays them the best commissions. They will do it in a way that looks professional. On the contrary, we remark that there is no "Best Broker" that covers all the needs of a trader because, should there be a "perfect trading platform", it would have to have:

  • 0 commissions,

  • 0 spreads,

  • Outstanding order execution,

  • A Great Visual interface,

  • Complete access to every financial market.

 

Unfortunately, no online trading app offers all of these features simultaneously. However, many of them have aspects that make them stand out in specific aspects/markets. This article brings you a list of 3 Brokers per asset class (Forex, stocks, crypto, etc.) and why it can be recommendable over the others available, specifically for local traders. Why do we present just three options? We believe that when trading instruments of each asset class, there are not 100 infallible brokers available; some stand out above the others. Also, you will find that some apps appear more than once; the reason is that they are the top option on several.

 

ASINKO receives a commission from specific online platforms for referring clients, but it does not charge a commission to you nor from all the ones we present here. Notwithstanding this, if we consider that a platform has to be in the Top 3, we will do so no matter whether we promote them or not. Please note that the lists presented here are part of our professional opinion: there is a possibility that this does not fit 100% of all traders' needs. In other words, try them before depositing money.

Top Stock Broker Platforms in Morocco


US Stocks like Apple, Tesla or even seniors like Ford and McDonalds. UK Stocks like BP, Rolls-Royce or Tesco. European Stocks, Japanese Stocks and Australian Stocks. International Stocks are one of the main gateways to start investing; everyone wants a share of the brands they like and use. Although some investors in Morocco focus on local stocks (and debt instruments) only, most use a global portfolio. The online stockbrokers and trading platforms have granted access to the international markets to the general public easily and understandably. We bring you three of the best alternatives available locally.

STOCK BROKER #3

XTB offers +2,100 CFDs on global stocks from 17 stock exchanges with 0% Commission.

With over 15 years of experience, XTB is one of the largest stock exchange-listed FX & CFD brokers in the world. XTB as a Group is regulated by the world's biggest supervision authorities including the IFSC, FCA, KNF and CySec.

XTB

STOCK BROKER #2

An innumerable dose of trading, research and e-learning tools, an easy-to-use web trading tool, low requirements to set up an account, and an unbeatable regulation level make AvaTrade one of the top stock trading apps.

Although it is not the one offering the vastest number of CFDs on stocks, you may trade +600 of the most renowned companies trading at the New York, Nasdaq, London, and European Exchanges.

AvaTrade

STOCK BROKER #1

XM is an excellent alternative for stock trading for the following reasons:

> Provides access to +1,200 Stocks from 18 Stock Exchanges around the globe
> Low spreads
> User-friendly trading platforms
> World-class customer service team
> Fast account opening and withdrawal processes

XM

GLOBAL STOCKS

FX PLATFORM #3

With over 5,000,000 clients since being founded in 2009, XM has grown into a large and well established international investment firm and has become a true industry leader.

XM is a good choice for traders of all levels, handling the client base with an extensive international team capable of dealing in 30 languages.

In terms of their Forex offering, XM allows traders to deal in +55 pairs, with good spreads and exceptional trade execution. XM grants access to MT4, MT5, and their proprietary XM WebTrader platforms.

xm.com

FX PLATFORM #2

Pepperstone is an FX Trading Platform founded in 2010 in Melbourne, Australia. The app serves over 300,000 accounts from clients based in more than 150 countries.

Pepperstone processes an average of USD 125.5 billion in Trading orders per day, which implies that it is one of the largest FX brokers globally.

pepperstone.com

FX PLATFORM #1

AvaTrade is an extraordinary FX online brokerage. With one of the vastest offerings in terms of currency pairs (+50) and the characteristics every good FX Broker should have (Low Spreads and excellent trade execution), it has several unique features that make it an excellent alternative for traders in Morocco.

First, its account opening and depositing processes are fast, simple, and hustle-free. This is important since some online brokers operating with clients in Morocco are painful to deal with in these areas.

Second, it is a multi-regulated company with brokerage licenses in some of the strictest jurisdictions: Europe, Australia, Japan, British Virgin Islands, UAE and South Africa.

Third, it offers a unique tool for FX Options trading called AvaOptions, allowing you to approach your FX Trading differently and uniquely, adding Call and Put instruments to your Forex risk management.

Last but not least, AvaTrade offers an insurance service called AvaProtect, which protects your trades against losses for a chosen time frame in exchange for a fee paid at the time of purchase.

avatrade.com

FOREX

Top Crypto Trading Apps in Morocco


Cryptocurrencies are mined or purchased from exchanges. Their skyrocketing value of them has made them popular as trading instruments. Also, to a limited extent, they are used for cross-border transfers. 


Cryptos have taken over (by surprise) the financial world. As a result, everybody is talking about them, both for good and bad reasons. There's an innumerable amount of new cryptos launched every week to tackle or solve a problem in particular (Like cross-border payments, tokens used for purchases in the metaverse, etc.). You even get meme coins launched with the sole objective of making a trading profit (A shady strategy called pump and dump). So, you have to be able to separate the wheat from the chaff. This list displays the top crypto trading platforms available in Morocco. We show here 3 platforms that we have used, deposited money, traded and withdrawn successfully.


Important: Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be highly volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Asinko or the writer to invest in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed.

CRYPTO PLATFORM #3

With over 5,000,000 clients since being founded in 2009, XM has grown into a large and well established international investment firm and has become a true industry leader.

XM is a good choice for traders of all levels, handling the client base with an extensive international team capable of dealing in 30 languages.

In terms of their Forex offering, XM allows traders to deal in +55 pairs, with good spreads and exceptional trade execution. XM grants access to MT4, MT5, and their proprietary XM WebTrader platforms.

PrimeXBT

CRYPTO PLATFORM #2

StormGain takes a different approach to the other crypto trading platforms. They offer a trading platform via cryptocurrency futures contracts. So, with StormGain, you do not own the crypto tokens, but instead, you aim to make a profit based on the crypto's price volatility.

If your goal is to trade and you do not care about owning cryptocurrencies, this platform might be a good alternative since it is based and quoted in Tether (USDT).

Stormgain

CRYPTO PLATFORM #1

Binance is the #1 Crypto trading platform globally, with the highest cryptocurrency offering and trading volumes. Although it has a rather steep learning curve, it supports advanced users and provides international traders with hundreds of crypto trading, staking and DeFi alternatives.

No competitor can beat Binance's low cost in the crypto space. Low fees, comprehensive charting options, and hundreds of cryptocurrencies make Binance a must-try alternative.

Binance

CRYPTOCURRENCIES

COMMODITIES

Based on its Razor account, Pepperstone offers commodity traders the ability to trade gold, silver, crude oil, natural gas and more at ultra-low prices, tight spreads and fast execution without worrying about physical delivery, ownership and rollovers.

Pepperstone

OTHER ASSETS & SERVICES

ETFS

XTB allows you to trade over 81 CFDs on the top ETFs by volume: iShares by BlackRock, Amundi, Lyxor, SPDR, VanEck Vectors; every top ETF from the most famous asset managers are available. At XTB, buying and selling ETFs through its trading platform xStation 5 is very straightforward. Moreover, it requires a low minimum investment, making it accessible for beginners.

XTB

COPYTRADING

We chose AvaTrade as a top CopyTrading broker since it allows you to choose between different platforms: ZuluTrade and DupliTrade.

ZuluTrade is hard to beat if you are looking for an excellent way to set up a copy trading system. You'll get access to over 10,000 traders, and the powerful ZuluTrade search feature lets you narrow that number down based on a large variety of conditions. For example, you could specify that you need traders with a minimum of 1 year with the service who have a maximum drawdown of 30% and who trade their own money. And since you can follow more than one trader, you could use the service to set up your diversified mutual fund of traders that you're following.

DupliTrade is designed to make automated trading as straightforward as possible. As a result, DupliTrade doesn't allow just anyone to become a signal provider. The traders available to copy into the system are all audited and vetted, with many having years, if not decades, of trading experience. Even after the stringent audit process, these traders remain under the close eye of DupliTrade to ensure they continue performing at their best.

AvaTrade

PAYMENT GATEWAYS

Do you need a payment provider to transact in different currencies?

Wise is an online account that facilitates sending money, receiving payments, and moving money across borders. Wise allows you to hold 53 different currencies and make local transfers in 10. It works worldwide and enables you to withdraw cash at ATMs if you have their MasterCard card. In addition to being free, you can check the exchange rate before sending money abroad, and there are no hidden fees. Furthermore, it is a safe app, as the FCA and FinCEN regulate it. Also, if you need to solve payments with your company, it offers a practical solution for companies to pay invoices, suppliers, and employees in 80 countries.

Wise

FAQs

IS ROBINHOOD AVAILABLE IN MOROCCO?

CAN I OPEN A SKRILL ACCOUNT FROM MOROCCO?

CAN I OPEN A TRADING ACCOUNT WITH PLUS500 IN MOROCCO?

Risk Warning:

By investing in or trading financial instruments, commodities and any other assets, you are taking a high degree of risk. You can lose all your deposited money. You should only engage in any such activity if you are fully aware of the relevant risks.

Contracts for Difference ("CFDs") are leveraged products and carry a high level of risk to your capital as prices may move unexpectedly against you. Losses can exceed your deposits, and you may be required to make further payments. 74 - 89% of retail clients lose money when trading CFDs. You should consider whether you can afford the high risk of losing your money. These products may not suit all clients; therefore, ensure you understand the risks and seek independent advice.

  

 

Disclaimer:

 

The information on this website can be accessed worldwide. However, this information and the products and services referred to on this website are only intended for recipients based in jurisdictions where the use of or access to the information, products or services does not constitute a breach of any law or regulation.

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