In short
- An online platform lets you place your orders yourself, without an adviser.
- Key criteria: commission and minimum per order, custody fees, app quality, online account opening.
- Prices change often: always check the official price list before signing up.
How does online trading work in Morocco?
In Morocco, only licensed brokerage firms can execute orders. Online platforms are therefore offered by these firms or by the banks that own them. Once your securities account is open, you use a website or app to follow prices and send buy and sell orders. Two benefits: lower fees than ordering in a branch, and full control over timing and price.
The main online platforms
| Platform | Group | Who is it for? |
|---|---|---|
| Wafa Bourse | Attijariwafa bank | Clients of the country’s largest bank. |
| BMCE Capital Bourse | Bank of Africa | Investors who like research from a big broker. |
| CDG Capital Bourse | CDG Capital | Individuals and experienced investors, even without a bank in the group. |
| BP Bourse | Banque Populaire | Banque Populaire clients, very present among Moroccans abroad. |
| CIH | CIH Bank | CIH clients comfortable with digital banking. |
| CFG Bank | CFG Bank | Digital profiles who want to do everything online. |
We are not paid by any of these firms. This list is not a ranking.
Our detailed profiles
CDG Capital Bourse
CDG Capital Bourse online: the CDG group’s brokerage firm, how to open an account, fees to check, strengths, limits and alternatives.
View profile →
BMCE Capital Bourse
BMCE Capital Bourse online: the Bank of Africa group’s brokerage firm. Account opening, fees to check, research, strengths and limits.
View profile →
Wafa Bourse
Wafa Bourse, the online trading service of the Attijariwafa bank group: how it works, the app, account opening, fees to check, strengths and limits.
View profile →
BP Bourse (Banque Populaire)
BP Bourse, Banque Populaire’s online trading service: how it works, client area, account opening, Moroccans abroad, fees to check, strengths and limits.
View profile →
CIH Bourse
How to invest on the Casablanca Stock Exchange as a CIH Bank client, fees to check, and what to know about the listed CIH Bank share.
View profile →
CFG Bank Bourse
CFG Bank’s stock market offer: from investment bank to digital bank, account opening, fees to check, and what to know about the CFG Bank share.
View profile →7 criteria to compare
Brokerage commission
A percentage of each order. Look above all at the minimum per order if you invest small amounts.
Custody fees
Yearly fees for holding your shares. Some firms waive or cap them.
Account opening
Fully online or in a branch? How long? Minimum first deposit?
The app
Real-time or delayed prices, order book, charts, alerts, history.
Order types
Limit, market, stop orders and how long they stay valid.
Access to IPOs
Can you subscribe easily from the platform? See IPOs in Morocco.
Research and support
Analysis notes and a customer service you can reach.
Documents to prepare
- National ID card (or passport for foreigners).
- Recent proof of address.
- Bank details (RIB).
- Proof of income, depending on the firm.
- The investor-profile questionnaire (mandatory).
Frequently asked questions
What is the best online broker in Morocco?
There is no single best one. Someone who places a few large orders doesn’t have the same needs as someone who places many small ones. Compare minimum fees, custody fees and the app for your own use.
Are my shares safe if my broker goes bankrupt?
Shares are held through the central depository Maroclear and remain the investor’s property, separate from the broker’s assets.
This article is for information and educational purposes only. It is not investment advice or a recommendation to buy or sell any security. Investing in shares involves a risk of capital loss. Check figures against official sources (Casablanca Stock Exchange, AMMC) and consult a licensed professional. Read the full disclaimer.
