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Saxo Bank in Morocco — review, licence and costs
Cost calculator (median of 71 priced of 75)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%35
- Round-turn cost20%80
- Safety20%0
- Payouts15%no data
- Track record10%100
- Platforms10%30
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- No Morocco entity listed
- Founded
- 1992
- Round turn
- 9 USDMA
- Currencies
- Not specified for Morocco
- Swap-free account
- —
Licence check
Open an account with Saxo BankThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Morocco residents
- No Morocco entity listed
- Local standing
- Regulated foreign broker
- Licence as the register states it
- Danish FSA regulated
- Leverage for this entity
- Not Morocco-specific
- The firm behind it
- Danish bank founded 1992
- What we hold against it
- Large regulated broker
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Moroccan residents enters the score.
Not Morocco-specific
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youRegulated foreign broker
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Morocco market median(priced from 71 of 75)
Medians run over the 71 of 75 brokers that publish a price for Morocco, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Classic Platinum VIP. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Taxes for a Moroccan resident(1 rule)
- The safest sourced statement is that Moroccan tax treatment should be checked with the DGI, because ordinary income, business income, and capital gains can be treated differently depending on the trader’s status and actihttps://www.help.saxo/hc/en-us/articles/10611416570269-Which-countries-are-serviced-by-Saxo
Not tax advice. Check with the Direction Générale des Impôts.
Deposit and withdrawal methods (1 methods · 0 local rails)
Not specified for Morocco
- Account currency
- Not specified for Morocco
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(10 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- SaxoInvestor
- SaxoTrader
| Class | Count | Min spread |
|---|---|---|
| SaxoInvestor | — | 0.9 |
| SaxoTrader | — | 0.9 |
| All instruments | 71000+ | — |
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.7 | 7,458 |
Share of reviewers in Morocco: — The platform does not publish it.
Pros and cons(2 for and 3 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 73 of 75 brokers here that publish a time
- Track record 100 of 100, its strongest of 6 scored axes
- Round turn 9 USD on the standard basis, over the Morocco median 6
- No Morocco authorisation on file: the entity that onboards you is licensed elsewhere
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Morocco(5 of 75 scored in Morocco)
- Round turn, USD
- 7MA
- Min deposit, USD
- 100MA
- Leverage
- 500MA
- Rank in this country
- #10
- Round turn, USD
- 7MA
- Min deposit, USD
- 0 groupMA
- Leverage
- 500MA
- Rank in this country
- #14
- Round turn, USD
- 7MA
- Min deposit, USD
- 0 groupMA
- Leverage
- 500MA
- Rank in this country
- #15
- Round turn, USD
- 7MA
- Min deposit, USD
- 100 groupMA
- Leverage
- 1000MA
- Rank in this country
- #21
- Round turn, USD
- 7MA
- Min deposit, USD
- 500 groupMA
- Leverage
- 500MA
- Rank in this country
- #22
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Morocco score. Full methodology
| Axis | Weight | What is measured | Saxo Bank |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 35 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 80 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 30 |
Where Saxo Bank sits in the Morocco base(75 brokers)
Round-turn cost, USD (71 of 75 priced)
Median 6 USD · range 1.5-20 · this broker 9 USD · 4 of 75 brokers do not publish it
Minimum deposit, USD (7 of 75 priced)
Median 50 USD · range 0-100 · 68 of 75 brokers do not publish it
Retail leverage (43 of 75 with a Morocco figure)
Median 1:1000 · range 30-5000 · 32 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
FAQ
- Does Saxo Bank accept residents of Morocco?
- Yes. Regulated foreign broker Onboarding entity: No Morocco entity listed
- Is Saxo Bank licensed to serve clients in Morocco?
- Danish FSA regulated Checked on 11.10.2026.
- How much does one round turn cost at Saxo Bank?
- About 9.0 USD per standard lot on EUR/USD. The median across brokers measured for Morocco is 6.0 USD.
- Which trading platforms does Saxo Bank support?
- SaxoInvestor, SaxoTrader. Instruments: 70k+ instruments
- How can I withdraw money from Saxo Bank in Morocco?
- Not specified for Morocco
- What account types does Saxo Bank offer?
- Classic Platinum VIP