Brokers not authorised by the AMMC in Morocco

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (54 of 75 counts · 71 brokers onboarding Moroccan residents)

54of 75

qualify for this ranking

72% of 75

49of 54

scored on all six axes

91% of 54

71of 75

publish a price

95% of 75

43of 75

publish a leverage figure for this country

57% of 75

Top 3 (of 3 ranked)

1ActivTrades4.08highest score of the three · cheapest priced of the three · not locally regulated 2OctaFX4.01offshore regulated · withdrawal in 3 h 3Fusion Markets4.01not morocco-regulated · withdrawal in 1 h

Brokers not authorised by the AMMC in Morocco (54 of 75)

By slice score, formula v1.0. · 54 of 71 brokers in this ranking · all 54

#	Broker	Round turn, USDMA	Min deposit, USDMA	Leverage	Withdrawal, hMA	Score	Execution	Founded	Funding
1	ActivTrades	4.2	—	—stated, not verified	24	4.08	ECN/raw + standard	2001	—
2	CFI	—	0 group	500MA	24	4.02	ECN/raw + standard	1998	3 methods · local
3	OctaFX	9	—	1000MA	3	4.01	ECN/raw + standard	2011	4 methods
4	Fusion Markets	4.5	0 group	500MA	1	4.01	ECN/raw + standard	2017	—
5	AMarkets	7	—	3000 groupMA	24	4.01	ECN/raw + standard	2007	—
6	Exness	9	—	—stated, not verified	0.02	3.99	ECN/raw + standard	2008	3 methods · local
7	Capital.com	6	20 group	30MA	24	3.94	Standard	2016	2 methods · local
8	NordFX	7	—	1000MA	24	3.92	ECN/raw + standard	2008	—
9	GO Markets	6	—	500 groupMA	48	3.9	ECN/raw + standard	2006	3 methods · local
10	MultiBank Group	6	200 group	500 groupMA	48	3.89	ECN/raw + standard	2005	2 methods
11	LiteFinance	5	10 group	500MA	24	3.88	ECN/raw + standard	2005	1 methods
12	Hantec Markets	2	—	1000MA	48	3.88	ECN/raw + standard	2009	—
13	FBS	6	—	3000 groupMA	24	3.86	ECN/raw + standard	2009	3 methods · local
14	FXChoice	7	—	1000MA	24	3.83	ECN/raw + standard	2010	—
15	BlackBull Markets	6	0 group	500 groupMA	72	3.82	ECN/raw + standard	2014	—
16	FIBO Group	6	50	1000MA	48	3.8	ECN/raw + standard	1998	—
17	Pepperstone	7	—	400 groupMA	48	3.79	ECN/raw + standard	2010	3 methods · local
18	Mitrade	6	—	200MA	24	3.79	Standard	2011	—
19	Eightcap	7	100	500MA	24	3.78	ECN/raw + standard	2009	4 methods · local
20	Dukascopy	8	—	200MA	48	3.77	ECN/raw + standard	2004	—
21	Errante	6	50 group	—stated, not verified	24	3.77	ECN/raw + standard	2019	—
22	FP Markets	6	—	500 groupMA	168	3.75	ECN/raw + standard	2005	3 methods
23	Vantage	6	50 group	500MA	120	3.75	ECN/raw + standard	2009	3 methods · local
24	Blueberry Markets	7	—	500MA	48	3.75	ECN/raw + standard	2016	—
25	Doo Prime	7	—	1000 groupMA	24	3.73	ECN/raw + standard	2014	—
26	CMTrading	8	—	100MA	24	3.72	ECN/raw + standard	2012	—
27	FXGT	6	5 group	1000MA	48	3.71	ECN/raw + standard	2019	—
28	HYCM	5	20 group	500 groupMA	24	3.71	ECN/raw + standard	1977	—
29	Headway	3	—	2000MA	0.5	3.7	ECN/raw + standard	2023	—
30	FXOpen	1.5	—	500MA	24	3.67	ECN/raw + standard	2005	—
31	JustMarkets	4	10 group	3000MA	48	3.64	ECN/raw + standard	2012	—
32	Axi	7	0 group	500MA	48	3.64	ECN/raw + standard	2007	2 methods
33	Amana Capital	7	—	500 groupMA	24	3.63	ECN/raw + standard	2010	—
34	Trade Nation	5	0	500 groupMA	—	3.62	Standard	2014	—
35	TMGM	7	0 group	500MA	24	3.62	ECN/raw + standard	2013	—
36	Milton Prime	—	300 group	500 groupMA	24	3.61	—	2015	—
37	CAPEX	6.5	—	300MA	24	3.6	ECN/raw + standard	2016	—
38	Interactive Brokers	5	—	—stated, not verified	48	3.59	ECN/raw + standard	1978	1 methods · local
39	XChief	5.5	10 group	1000MA	120	3.55	ECN/raw + standard	2014	—
40	Weltrade	3.1	—	—stated, not verified	0.5	3.54	ECN/raw + standard	2006	—
41	HFM	6	0 group	2000MA	240	3.52	ECN/raw + standard	2010	5 methods · local
42	Saxo Bank	9	—	—stated, not verified	24	3.49	Standard	1992	—
43	FXCM	11	50 group	1000 groupMA	72	3.46	ECN/raw + standard	1999	—
44	Exinity	4	—	2000MA	72	3.42	ECN/raw + standard	2020	—
45	Moneta Markets	6	—	1000MA	72	3.42	ECN/raw + standard	2019	—
46	RoboForex	5	—	2000MA	48	3.33	ECN/raw + standard	2009	3 methods · local
47	Equiti	7	0 group	2000MA	24	3.32	ECN/raw + standard	2008	3 methods · local
48	Tickmill	6	—	500MA	24	3.3	ECN/raw + standard	2014	3 methods
49	InstaForex	—	—	5000MA	7	3.28	ECN/raw + standard	2007	—
50	FXTM	7	100 group	1000MA	24	3.27	ECN/raw + standard	2011	1 methods
51	T4Trade	18	—	500MA	24	3.21	Standard	2021	—
52	ATFX	7	500 group	500MA	72	3.19	ECN/raw + standard	2017	—
53	IG Markets	13.6	—	—stated, not verified	120	3.07	ECN/raw + standard	1974	—
54	Fortrade	20	100 group	200MA	120	2.46	Standard	2013	3 methods

Ten are shown; the button opens the rest.

"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.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

Capital.com publishes a retail leverage of 1:30 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

Identical for every row, so it is stated once: Who onboards Local · AMMC · Swap-free fee none, no limit · MAD account Yes.

1. ActivTrades — highest score of the three · cheapest priced of the three · not locally regulated (score 4.08)

Round turn: 4.2 USD
Withdrawal: 1 working day
MAD account: Not specified
Accepts residents: through an offshore entity
Onboarding entity: Global offshore entity
Founded: 2001
Register: https://www.activtrades.com/en · 11.10.2026
Group leverage: uncleargroup
Instruments: Forex, indices, stocks, crypto
Platforms: MT5cTraderWebTradingView
Funding: Not specified
Not served: United States, Canada, Russia, Ukraine, Belarus, Albania, Iran, Iraq, Syria, Yemen, Libya, Somalia, Sudan, South Sudan, Afghanistan, Lebanon, Cuba, Venezuela, Zimbabwe, Japan, American Samoa, Northern Mariana Islands, U.S. Virgin Islands, U.S. Minor Outlying Islands, North Korea, Republic of Congo

Reviews25%75
Round-turn cost20%100
Safety10
Payouts15%80
Track record10%
Platforms65

Why it ranks here

Round turn 4.2 USD against the slice median 6 USD. strongest axis round-turn cost 100 of 100. total score 4.08.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of ActivTrades

2. OctaFX — offshore regulated · withdrawal in 3 h (score 4.01)

Round turn: 9 USD
Withdrawal: 1-3 hours
MAD account: USD EUR
Leverage: 1000MA
Licence: AMMC T2023320
Accepts residents: through an offshore entity
Onboarding entity: Octa Markets Ltd
Founded: 2011
Group leverage: unclear
Instruments: Forex CFDs crypto indices
Platforms: MT5MT4Web
Funding: Local currency deposits
Not served: United States, Canada, United Kingdom, Japan, Spain

Why it ranks here

Round turn 9 USD against the slice median 6 USD. strongest axis payouts 98 of 100. total score 4.01.

Watch for

Min deposit 200 USD, double the Morocco median of 50; withdrawal time not published.

Full review of OctaFX

3. Fusion Markets — not morocco-regulated · withdrawal in 1 h (score 4.01)

Why it ranks here

Round turn 4.5 USD against the slice median 6 USD. strongest axis round-turn cost 100 of 100. total score 4.01.

Watch for

Onboards Moroccan residents through an offshore entity: no AMMC licence, no AMMC complaints route, no MAD account.

Full review of Fusion Markets

What the data shows(54 of 75 distributions · 71 brokers)

Swap-free availability (54 of 75 brokers)

Offered30Not offered14

Admin fee after the free period (54 of 75 swap-free)

Never16After 3–30 days9not published5

Who onboards Moroccan residents (54 of 75 brokers)

Local AMMC entity20Offshore entity24

MAD account (54 of 75 brokers)

Yes16No23not published5

Licensed in Morocco, or not (61 of 75)

3Local licence

58Offshore

Retail leverage in Morocco (59 of 75 · median 1:500)

31<1000

131000-2000

92000-3000

53000-4000

14000+

Full list(54 of 75)

1ActivTrades4.08
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
4.2
MAD
Yes
2CFI4.02
Onboards
Local · AMMC
Swap-free
none, no limit
Min deposit, USD
0 group
Leverage
500MA
MAD
Yes
3OctaFX4.01
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
9
Leverage
1000MA
MAD
Yes
4Fusion Markets4.01
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
4.5
Min deposit, USD
0 group
Leverage
500MA
MAD
Yes
5AMarkets4.01
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
3000 groupMA
MAD
Yes
6Exness3.99
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
9
MAD
Yes
7Capital.com3.94
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20 group
Leverage
30MA
MAD
Yes
8NordFX3.92
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
1000MA
MAD
Yes
9GO Markets3.9
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
500 groupMA
MAD
Yes
10MultiBank Group3.89
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
200 group
Leverage
500 groupMA
MAD
Yes
11LiteFinance3.88
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
500MA
MAD
Yes
12Hantec Markets3.88
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
2
Leverage
1000MA
MAD
Yes
13FBS3.86
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
3000 groupMA
MAD
Yes
14FXChoice3.83
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
1000MA
MAD
Yes
15BlackBull Markets3.82
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
500 groupMA
MAD
Yes
16FIBO Group3.8
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000MA
MAD
Yes
17Pepperstone3.79
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
400 groupMA
MAD
Yes
18Mitrade3.79
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
200MA
MAD
Yes
19Eightcap3.78
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
500MA
MAD
Yes
20Dukascopy3.77
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
8
Leverage
200MA
MAD
Yes
21Errante3.77
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
MAD
Yes
22FP Markets3.75
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
500 groupMA
MAD
Yes
23Vantage3.75
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
500MA
MAD
Yes
24Blueberry Markets3.75
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
500MA
MAD
Yes
25Doo Prime3.73
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
1000 groupMA
MAD
Yes
26CMTrading3.72
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
8
Leverage
100MA
MAD
Yes
27FXGT3.71
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
5 group
Leverage
1000MA
MAD
Yes
28HYCM3.71
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
20 group
Leverage
500 groupMA
MAD
Yes
29Headway3.7
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
3
Leverage
2000MA
MAD
Yes
30FXOpen3.67
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
1.5
Leverage
500MA
MAD
Yes
31JustMarkets3.64
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
10 group
Leverage
3000MA
MAD
Yes
32Axi3.64
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500MA
MAD
Yes
33Amana Capital3.63
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
500 groupMA
MAD
Yes
34Trade Nation3.62
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
0
Leverage
500 groupMA
MAD
Yes
35TMGM3.62
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500MA
MAD
Yes
36Milton Prime3.61
Onboards
Local · AMMC
Swap-free
none, no limit
Min deposit, USD
300 group
Leverage
500 groupMA
MAD
Yes
37CAPEX3.6
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6.5
Leverage
300MA
MAD
Yes
38Interactive Brokers3.59
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
MAD
Yes
39XChief3.55
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5.5
Min deposit, USD
10 group
Leverage
1000MA
MAD
Yes
40Weltrade3.54
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
3.1
MAD
Yes
41HFM3.52
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
2000MA
MAD
Yes
42Saxo Bank3.49
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
9
MAD
Yes
43FXCM3.46
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
11
Min deposit, USD
50 group
Leverage
1000 groupMA
MAD
Yes
44Exinity3.42
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
4
Leverage
2000MA
MAD
Yes
45Moneta Markets3.42
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
1000MA
MAD
Yes
46RoboForex3.33
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Leverage
2000MA
MAD
Yes
47Equiti3.32
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
2000MA
MAD
Yes
48Tickmill3.3
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
500MA
MAD
Yes
49InstaForex3.28
Onboards
Local · AMMC
Swap-free
none, no limit
Leverage
5000MA
MAD
Yes
50FXTM3.27
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000MA
MAD
Yes
51T4Trade3.21
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
18
Leverage
500MA
MAD
Yes
52ATFX3.19
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
500 group
Leverage
500MA
MAD
Yes
53IG Markets3.07
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
13.6
MAD
Yes
54Fortrade2.46
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
20
Min deposit, USD
100 group
Leverage
200MA
MAD
Yes

How to read this ranking

Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
Check which company would onboard you.
The same brand can take a resident of Morocco through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
Read the cost beside the deposit.
The median round turn across this country is 6.0 USD and the median minimum deposit 50.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 4 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in Morocco?: 54 of 75 brokers measured for this country qualify.
Which broker leads it, and on what basis?: ActivTrades leads it with a score of 4.08. The order is computed score, highest first; unscored brokers follow.
What does a trade typically cost here?: The median round turn - spread plus commission for one standard lot, in and out - is 6.0 USD across the brokers that publish both parts.
Why do some rows show a dash instead of a figure?: Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.

How this slice is scored

Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

Verified · What changed · Sources(54 of 75 broker records)

Verified01.10.2026

data re-captured 28.09.2026

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.