Pacific Union Morocco Review 2024 - TU expert opinion
Is the Forex market legit in Morocco?
Morocco's jurisdiction does not prohibit Forex trading. A legal broker in Morocco is a company that holds the financial license issued by the local regulator – Autorité Marocaine du Marché des Capitaux (AMMC). The AMMC oversees compliance with the law by the brokers and provides protection of interests of traders.
Morocco is a Muslim country. Therefore, the brokers that officially operate in this country must offer an Islamic account; this is a mandatory requirement. The financial regulator of Morocco does not limit the assets that can be traded.
How to Trade Forex in Morocco
In order to start trading in the Forex market in Morocco, you first need to choose a broker to suit your strategy. After you’ve made your choice, you need to register, and then verify your identity. Once your verification has been approved, you can fund your account and start trading.
Our Evaluation of Pacific Union
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Pacific Union is a moderate-risk broker with the TU Overall Score of 6.15 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Pacific Union clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Pacific Union is a CFD broker, which means its pool of trading instruments consists solely of contracts for difference. There are many CFDs available, grouped into seven categories. Considering the high leverage, there is significant profit potential. Costs are reduced due to the absence of trading commissions on some accounts, and in most cases, there are no fees for fund withdrawals. The broker has a copy trading service. Beginners receive decent bonuses at the start, and there is a standard referral program that can provide additional income. The wide choice of accounts and trading platforms personalizes the broker's offerings and expands traders' opportunities. The drawbacks of Pacific Union are typical for most of the representatives in the segment.
Detailed Review of Pacific Union in Morocco
Pacific Union is a good choice for traders from Morocco. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
The broker applies a proprietary technological stack and has a copy trading service and a proprietary mobile platform. Both solutions are actively supported and modified, have never been hacked, and demonstrate high stability. Pacific Union uses virtual servers to ensure the platform’s performance and uninterrupted operation. Additionally, some standard solutions have unique options. For example, while the economic calendar is quite typical, the Autochartist tool possesses an expanded set of visualization tools, and the notification system is integrated into the broker's application. Thus, Pacific Union lacks technical deficiencies, targets both novice and experienced traders, and strives to maintain a balance between different earning paths. However, there is a clear emphasis on active trading since passive earning options are essentially limited to copy trading. The referral program cannot be considered a solution for generating passive income because it requires a lot of work.
Pacific Union by the numbers:
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There are 6 account types, including a demo account.
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There are 7 asset groups and hundreds of CFDs.
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Minimum deposit is $20.
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Minimum spread is 0 pips.
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Maximum leverage is 1:1000.
Advantages of Pacific Union for trading in Morocco
Traders Union analysts conducted a detailed analysis of Pacific Union for traders from Morocco. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
The broker guarantees transparent operations, and all commissions and fees are known in advance. This means that traders always know exactly how much a specific trade or transaction will cost them.
The platform offers a wide range of additional tools, including various charts, analytical tools, and updated newsfeeds with expert commentary.
Traders have access to a pool of hundreds of CFDs. Traders can trade on their terms, hedge positions, scalp, transfer trades, and use bots.
The broker's mobile application is comparable in convenience and functionality to MT applications. Traders can use MT4, MT5, or WebTrader if they want more convenience.
The company's technical support is available through all major communication channels: call center, email, LiveChat on the website, and in the client's user account. Specialists work 24/5.
Analysis of the Main Features of Pacific Union in Morocco
Traders Union analysts analyzed the key features of Pacific Union for traders from Morocco. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for Pacific Union traders from Morocco
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Pacific Union trading conditions for traders from Morocco. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
| 💻 Trading platform: |
MT4, MT5, WebTrader, Pacific Union
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|---|---|
| 📊 Accounts: |
Cent, Standard, Pro, Prime, Islamic, demo
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| 💰 Account currency: |
USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY
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| 💵 Replenishment / Withdrawal: |
Visa, MasterCard, Bank Transfer, Neteller, Skrill, Faspay; in some regions additional money transfer methods are available
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| 🚀 Minimum deposit: |
$20
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| ⚖️ Leverage: |
Up to 1:1000
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| 💼 PAMM-accounts: |
No
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| 📈️ Min Order: |
0.01
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| 💱 Spread: |
Floating, from 0 or 1.3 pips depending on the account type
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| 🔧 Instruments: |
CFDs on currencies, shares, bonds, indices, commodities, metals, ETFs
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| 💹 Margin Call / Stop Out: |
No
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| 🏛 Liquidity provider: |
No
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| 📱 Mobile trading: |
Yes
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| ➕ Affiliate program: |
Yes
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| 📋 Orders execution: |
No
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| ⭐ Trading features: |
Free demo account, five real accounts including a swap-free account, narrow spreads and low commissions, a wide range of CFDs, high leverage, and a proprietary copy trading service.
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| 🎁 Contests and bonuses: |
Yes
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Pacific Union Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Pacific Union for traders from Morocco. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
All brokers generate their main income from spreads and trading commissions, and some also impose withdrawal fees. If a raw spread is used, the commission is always higher, while a standard spread may have no commission at all. Spreads can also be fixed or floating. Pacific Union offers floating spreads on its accounts, starting from 0 or 1.3 pips depending on the account type. Traders should also consider that the Prime account incurs a trading commission of $3.5 per standard lot. The Islamic account also has a fee, but it is floating and starts from $0, with a maximum of $3.5. Withdrawal fees are only charged when using the following channels: Skrill (1%), Neteller (2%), and Faspay (0.5%). In all other cases, including withdrawals to Visa or MasterCard bank cards, the broker does not charge fees. However, fees may be imposed by other parties involved in the withdrawal process, such as a bank. Considering the overall factors, Pacific Union's commission policy appears attractive, and transparent and does not impose significant costs on traders.
| Account type | Spread (minimum value) | Withdrawal commission |
| Cent | From $1.3, no commission | No, for most withdrawal methods |
| Standard | From $13, no commission | No, for most withdrawal methods |
| Pro | From $13, no commission | No, for most withdrawal methods |
| Prime | From $0, the commission is $3.50 per lot | No, for most withdrawal methods |
| Islamic | From $13, the commission is $0-3.50 per lot | No, for most withdrawal methods |
The exact numbers provided above give an overview of the broker's collaboration conditions but do not indicate their profitability. That's why traders prefer to compare the data by personally examining each platform. TU experts have saved you time by conducting a comparison and presenting the data in the below table.
FAQs
Is Pacific Union legal in Morocco?
Yes. Pacific Union operates legally in Morocco. The broker holds the necessary licenses.
Can you learn trading with Pacific Union? Does the broker offer courses for traders from Morocco?
Yes, Pacific Union offers good trading courses and a lot of educational information for clients from Morocco.
Can Pacific Union be trusted? Has the broker been operating in Morocco long?
Pacific Union has been operating in Morocco quite long and has a good reputation. Therefore, traders can work with Pacific Union.
Is Pacific Union suitable for novice traders from Morocco?
Yes. Pacific Union offers optimal trading conditions and good education for beginners from Morocco.
How efficient is Pacific Union customer support in Morocco?
Pacific Union offers a sufficient number of ways to contact customer support in Morocco, and also provides support in the state language.
Has Pacific Union had any incidents involving theft of funds of clients from Morocco?
No. Pacific Union provides reliable security of funds of clients from Morocco.
Will I be able to file a lawsuit in Morocco if Pacific Union violates my rights?
Yes. If Pacific Union violates your rights, you can file a complaint with the regulator of Morocco, and then with a court.
Can Pacific Union clients from Morocco use the broker’s mobile app?
Yes. The mobile app of Pacific Union is available for the clients from Morocco.
Does Pacific Union provide Morocco market analysis?
Analysis of Morocco is featured in the information provided by Pacific Union.
How can I withdraw funds from my account at Pacific Union in Morocco?
Pacific Union supports bank transfers and debit/credit cards of the banks operating in Morocco.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.