TOP 5 Binary Options Brokers in Morocco
Finding the right binary options broker in Morocco is a very difficult task. In this country, binary options are completely legal, but have no legal regulations. This means that anyone can open a brokerage firm and offer binary options to the residents of Morocco. This is very dangerous because it is easy to find a dishonest broker and get scammed. Therefore, we do not recommend opening an account with the first broker. We have compiled a list of recommended brokers that accept clients from Morocco.
Quick Pick:
Best for Beginners: Pocket Option
Most Trusted: Binomo & IQ Option
Low Deposit: Binarium
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As you can see, the choice is huge. Each of the listed brokers has been thoroughly checked by us and you can be sure that you will not be scammed. In our opinion, in most cases, IQ Option will be the best choice because it offers a high level of security and the highest returns in the industry. If you are looking for a binary options broker for mobile trading, Expert Option will be your best choice. If you are looking for features such as copying traders, trading signals or bonuses, choose Pocket Option. If you plan to make a large deposit, choose Binomo because it offers the best conditions for VIP clients. And if you are a complete beginner, choose the Binarium broker because it offers an easy-to-use platform, low minimum deposit and a lot of educational content.
IQ Option
IQ Option is the most recognizable binary options broker in the world. The broker was founded in 2013 and quickly gained popularity thanks to its platform, which was the first to give traders the opportunity to accurately analyze the markets using indicators and analytical tools. Currently, the services of IQ Option are used by over 100 million clients around the world, and the broker is considered one of the safest because it is regulated by 7 entities. IQ Option is renowned for the highest returns in the industry and multi-lingual support. Due to regulations, IQ Option cannot offer such functions as copying traders, trading signals, bonuses or cashbacks. If you are looking for a trusted binary options broker that offers the highest returns in the industry, a modern trading platform and a great mobile app, choose IQ Option.
- Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Morocco Traders: Accepted
If you open an account with this broker, you will receive a $10 000 demo account!
Expert Option
Expert Option is a modern binary options broker, which was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over time, brokers changed their target markets and Expert Option focused on developing its mobile app. Currently, the Expert Option app is considered to be the best app for trading binary options. The app is light and has a lot of analytical tools. The browser version is great too and you will find a lot of indicators, signals and Social Trading to watch other traders trade. The broker has an extensive “Ecuation” tab, where you will find guides on how to use the platform and some ready-made strategies. Expert Option has variable conditions depending on how much deposit you make – that’s why we suggest you make a minimum deposit of $100 to get good conditions. If you are looking for a modern binary options broker with high returns (slightly lower than IQ Option) and the best mobile app in the industry, choose Expert Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Morocco Traders: Accepted
Pocket Option
Pocket Option is an advanced binary options broker that was founded in 2017 and gained popularity very quickly thanks to its platform that offers all-in-one. On the platform you will find features such as trading signals, copy traders, bonuses, cashbacks, risk free trades, achievements and much more. The more you deposit, trade and withdraw, the more gems you get, which you can exchange in the “Market” tab on Risk Free Trades, Bonuses and cashbacks. The broker rewards activity on the platform with achievements and encourages traders to break personal records. Pocket Option is regulated by IFMRRC, which means that your deposit is completely safe, and the quality of services is at the highest level. If you are looking for an advanced binary options broker that offers many features, is regulated and has very high returns, choose Pocket Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Morocco Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Binomo
Binomo is a modern broker that was established in 2014. You will find many indicators and analytical tools on the platform. Binomo is considered to be the best broker for VIP clients. On the one hand, the minimum deposit is just $10, but on the other hand Binomo offers variable conditions and with a minimum deposit you will get low returns and limited access to assets. If you choose to deposit over $1000 you will become a VIP client and receive the highest returns in the industry (better than IQ Option), access to closed VIP tournaments, weekly cashbacks and a personal manager who will teach you how to make money by trading binary options. Binomo is famous for its frequently organized tournaments with cash prizes. If you are looking for a broker that has a good trading platform, a well-functioning Android and iOS app and offers the best conditions for VIP clients, choose Binomo.
- Regulation: Yes, International Financial Commission
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 75%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Morocco Traders: Accepted
If you open an account with this broker, you will receive a 25% deposit bonus!
Binarium
Binarium is the oldest broker on our list. The broker was founded in 2012 but has never gained the popularity IQ Option, Expert Option or Pocket Option. For a long time, Binarium offered an outdated trading platform and average investment conditions. Recently, the broker has undergone a facelift and has significantly caught up with the competition. In our opinion, it is the best platform for beginner traders because it offers a minimum deposit from $ 5 and extensive educational facilities. There are many analytical tools and indicators on the platform. When opening an account with this broker, you can choose 1 of 15 default currencies. If your account currency is the same as your bank account currency, you will save on currency conversion fees for transfers. If you are looking for a binary options broker with an easy-to-use platform, lots of educational materials and a low minimum deposit, choose Binarium.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 100%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Morocco Traders: Accepted
Conclusion
As you can see, the choice of brokers is very large. Each of these platforms has a free demo account that you can open by going to the broker’s website, then clicking “register” and entering your email address and password. In some cases, you can choose your default account currency. The payment of the deposit and trading does not require any additional formalities. If you want to withdraw money, you will need to verify your account. To verify your account, you must send us proof of identity and address. A photo of your ID card or passport is enough to confirm your identity. To confirm your address, all you need to do is send a photo of your electricity bill or bank statement. Account verification is necessary with every broker because it protects against money laundering.
Is binary options trading legal in Morocco?
Yes, binary options are perfectly legal in Morocco. The problem is that they aren’t regulated in any way, which means it’s very easy to get cheated. Anyone who wants to offer binary options in this country and no state license is required. Therefore, do not choose the first better broker. We encourage you to use the list of brokers recommended by us for clients from Morocco.