Trust Capital 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 Trust Capital
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
Trust Capital is a broker with higher-than-average risk and the TU Overall Score of 4.2 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trust Capital clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Trust Capital's CFD trading conditions are generally average. It grants access to hundreds of assets from seven groups, providing a variety of available strategies and portfolio diversification. As trading is conducted through the MT4 platform, traders can customize their workspace. The entry barrier is relatively low, with a free demo available, and a minimum deposit of $250 on a real account. The commission policy is moderately transparent, with no additional markups. The partnership program is beneficial. Unfortunately, there are no options for passive earnings. However, Trust Capital offers an excellent training program for traders of different levels.
Detailed Review of Trust Capital in Morocco
Trust Capital 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 Trust Capital broker is well-known in the global market. It offers over 200 assets, all of which are contracts for difference (CFDs). Since the spread is floating and corresponds to the market average, collaborating with the company is economically beneficial. Especially considering that there is no trading commission on Solo accounts, and the withdrawal fees are generally low, with PayPal being free. Trust Capital uses the MetaTrader 4 trading platform, which attracts more users. After all, MT4 is the most versatile platform due to its extensive customization options. It also includes a mobile version which frees you from a desk. Little is known about the company's technological stack, but the high execution speed and platform stability indicate that Trust Capital employs innovative solutions that meet modern standards.
Trust Capital by the numbers:
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The minimum deposit is $250.
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Over 200 CFDs are available.
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The minimum spread is 0.9 pips.
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Commission on Solo accounts is $0.
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Referral program payout is up to $300 per partner.
Advantages of Trust Capital for trading in Morocco
Traders Union analysts conducted a detailed analysis of Trust Capital 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 is loyal to new clients, offering a demo account and a low minimum deposit of only $250 for a Solo account. All assets from the platform's pool are immediately accessible.
Since traders work through the MT4 trading platform, they can trade with maximum convenience on a computer, tablet, or smartphone; plus there are hundreds of plugins available for MT4.
The basic technical and fundamental analysis tools offered by the broker significantly simplify the lives of its clients, allowing them to trade more successfully.
Traders can see the broker's fee amount before executing a trade, with no hidden charges.
The affiliate program allows anyone interested to earn additional income for referring clients, with a maximum referral payout of $300.
Analysis of the Main Features of Trust Capital in Morocco
Traders Union analysts analyzed the key features of Trust Capital 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 Trust Capital 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 Trust Capital 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
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|---|---|
| 📊 Accounts: |
Demo, Solo, Together
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| 💰 Account currency: |
USD, EUR
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| 💵 Replenishment / Withdrawal: |
Visa, Skrill, Neteller, bank transfer, PayPal, Swift, Crypto
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| 🚀 Minimum deposit: |
$250
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| ⚖️ Leverage: |
Up to 1:30
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| 💼 PAMM-accounts: |
No
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| 📈️ Min Order: |
0.01
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| 💱 Spread: |
Floating, from 0.9 or 1.8 pips depending on the account
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| 🔧 Instruments: |
CFDs on currencies, cryptocurrencies, stocks, indices, commodities, metals, energies
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| 💹 Margin Call / Stop Out: |
100% / 50%
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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: |
Demo account, two real accounts, all assets are CFDs;
Over 200 trading instruments from 7 groups; Average market spread, no trading commissions on Solo accounts; Small withdrawal fees, multiple deposit/withdrawal options; Clients trade through the MT4 trading platform; No copy trading or PAMM. |
| 🎁 Contests and bonuses: |
Yes. There are bonuses in the form of rebates from Traders Union
|
Trust Capital Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Trust Capital for traders from Morocco. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
Brokers follow a similar policy when it comes to trading and non-trading fees. Most commonly, they charge traders using spreads and commissions. Spreads can be fixed or floating, and sometimes there is no commission. The conditions usually depend on the account type, and Trust Capital offers exactly that. For the Solo account, the spread starts from 0.9 pips, and there is no commission. For the Together account, the spread is from 1.8 pips, plus a commission. It is important to understand that the broker indicates the minimum spread size and the actual value is often higher since the spread is influenced by various factors, including the market conditions of the selected asset. This is why the real trading fees offered by the broker can only be known during the trading process. Transparency is a conceptual advantage here because Trust Capital is a regulated broker, and as such, it does not impose additional fees or hidden charges. Therefore, traders always know in advance how much a specific trade or transaction will cost them.
| Account type | Spread (minimum value) | Withdrawal commission |
| Solo | From 9$, floating, and no commission | Yes, in most cases |
| Together | From 1.8$ pips, floating, and with commission | Yes, in most cases |
Some brokers do not charge a withdrawal fee. However, in such cases, they compensate for their transaction service costs through other means (e.g., higher spreads). Trust Capital expressly states that there is a withdrawal fee, and it depends on the withdrawal channel. For example, for Visa cards, the fee is 0.50 euros per transfer. For Skrill, the fee is 1%, and if a trader uses PayPal, there are no additional charges. However, it is important to note that third parties in the withdrawal process such as Skrill, may impose their own fees. It is necessary to clarify this aspect in advance to avoid confusion. The table below presents data on the average trading fees at Trust Capital and those of its closest competitors. A simple comparison will help to better understand the benefits of working with this broker.
FAQs
Is Trust Capital legal in Morocco?
Yes. Trust Capital operates legally in Morocco. The broker holds the necessary licenses.
Can you learn trading with Trust Capital? Does the broker offer courses for traders from Morocco?
Yes, Trust Capital offers good trading courses and a lot of educational information for clients from Morocco.
Can Trust Capital be trusted? Has the broker been operating in Morocco long?
Trust Capital has been operating in Morocco quite long and has a good reputation. Therefore, traders can work with Trust Capital.
Is Trust Capital suitable for novice traders from Morocco?
Yes. Trust Capital offers optimal trading conditions and good education for beginners from Morocco.
How efficient is Trust Capital customer support in Morocco?
Trust Capital offers a sufficient number of ways to contact customer support in Morocco, and also provides support in the state language.
Has Trust Capital had any incidents involving theft of funds of clients from Morocco?
No. Trust Capital provides reliable security of funds of clients from Morocco.
Will I be able to file a lawsuit in Morocco if Trust Capital violates my rights?
Yes. If Trust Capital violates your rights, you can file a complaint with the regulator of Morocco, and then with a court.
Can Trust Capital clients from Morocco use the broker’s mobile app?
Yes. The mobile app of Trust Capital is available for the clients from Morocco.
Does Trust Capital provide Morocco market analysis?
Analysis of Morocco is featured in the information provided by Trust Capital.
How can I withdraw funds from my account at Trust Capital in Morocco?
Trust Capital 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.