Best Copy Trading Platforms in Morocco – Top Picks for 2024

Thousands of Moroccans engage in online trading thanks to the availability of hundreds of brokerage firms that give access to financial markets. The good thing is that most of these firms offer copy trading services, which allow beginner traders to replicate the strategies of professional traders.

In this article, we will explore the leading copy trading platforms in Morocco to help identify the one that suits your specific trading goals. Read on to learn more.

Exness

Exness was established back in 2008. The brokerage firm is known for being regulatory compliant. As of March 2024, Exness is regulated by Kenya’s CMA, South Africa’s FSCA, Seychelles’ FSA, the UK’s FCA, Cyprus’ CySEC, and Curacao’s CBCS.

Being a member of the Financial Commission, Exness provides insurance coverage of up to $25,000 per customer.

Copy trading on Exness comes with several benefits. Firstly, you can access numerous financial markets like Forex, crypto, commodities, and stocks. Secondly, your orders are executed instantly and at low fees. Last but not least, Exness enables quick withdrawals of profits.

Note that all customers have access to demo accounts. Therefore, you can test Exness’ copy trading platform with virtual money before committing your funds to any strategy provider.

Forex4you

Forexyou has been in business since 2007. The broker offers both passive and active trading services. As the name suggests, Forex4you only gives customers access to the Forex market, with hundreds of pairs available for copy trading. Concerning regulatory compliance, this brokerage firm is licensed by the British Virgin Islands FSC.

Forex4you’s contribution to the online trading industry has not gone unnoticed. In 2018, the company was recognized as the “Best Forex Broker.” Two years later, it was nominated for the “Best Service Quality” award.

Forex4you lets Moroccan customers copy the trades of professionals through its Share4you platform. Copy trading on this broker is automated, making it easy for novice traders. You can start mimicking trades from as low as $10. Note that you will be charged a commission ranging from 10% to 50%, depending on the strategy provider you choose to follow.

BitGet

With BitGet, you can only copy trade cryptocurrencies both in the spot and futures markets. Several trading pairs are available for copy trading, the most popular being BTC/USDT and ETH/USDT. Compared to its competitors, BitGet offers lower fees (taker fee 0.06% and maker fee 0.02%), which makes the crypto exchange ideal for traders who like keeping their trading costs as low as possible.

While BitGet does not charge any account maintenance fee, it imposes a commission on every fund withdrawal, and the amount charged depends on the digital currency being withdrawn.

Bitget comes with demo accounts to allow customers to test the strategies of various lead traders before allocating them real money. What’s more, the crypto exchange’s customer support is exceptional. You can get help 24/7.

WForex

For more than a decade, WForex has been offering its services across fifty countries, including Morocco. The broker is part of the Financial Commission for Dispute Resolution, meaning client accounts are insured. WForex is known for being innovative. It regularly introduces modern trading tools to facilitate uninterrupted trading for its customers.

Moreover, WForex is big when it comes to trading education. It has its own course titled “Forex Guide for Beginners,” which teaches novice traders the basics of online trading and how to become successful.

Copying trades on WForex is completely free. However, strategy providers charge a commission after closing a profitable trade.

NPBFX

NPBFX started operations in 1996. Its futuristic trading tools make it ideal for different types of traders. Furthermore, NPBFX has lower trading costs than competitors. To copy trades on this broker, Moroccan customers must register with ZuluTrade, a popular social trading platform. After linking their NPBFX account with ZuluTrade, clients get access to nearly 6,000 strategy providers.

The biggest downside of ZuluTrade is that most lead traders have high minimum deposit requirements. That said, NPBFX copy trading suits those who have enough money.