CFA Franc Forex Trading Accounts
Scam Forex Brokers in Cameroon
Admirals Review
Overall Admirals is considered an average risk, with an overall Trust Score of 88 out of 100. The broker is licensed by two Tier-1 Regulators (high trust), three Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). They offer Cameroonian traders five retail trading accounts, namely Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4.
- Kayla Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawals
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
1 USD / 597 XAF
Regulators
FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Admirals Mobile App
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Admirals is an excellent platform for traders of all skill levels, including newcomers and seasoned experts, due to the variety of instructional tools.
By providing a thorough “Zero to Hero” training that covers the foundations of Forex trading, the broker goes above and beyond to support new traders and ensures a good introduction to the market.
They offer sophisticated software systems, including the well-known MT4 and MT5 platforms, for seasoned traders. These powerful platforms include a wealth of tools and features that may be used to improve trading tactics and increase potential earnings.
Regardless of your degree of experience, it is strongly advised that you evaluate the services and solutions offered by Admirals.
The broker is dedicated to fulfilling the demands of traders at every level of their trading journey by providing various materials and tools suitable for various trading needs.
Distribution of Traders
The broker currently has the largest market share in these countries:
France – 8.37%
Germany – 7.11%
Spain – 6.75%
Argentina – 4.59%
United States – 4.53%
Popularity among Cameroonian traders
They are a popular broker across Africa, which places it within the Top 20 Brokers for Cameroonian traders.
What is Admirals?
Admirals is a prominent online trading platform that provides access to a diverse range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies.
What trading platforms does Admirals offer?
Admirals offers a range of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Admirals WebTrader. These platforms are designed to cater to traders of all experience levels.
At a Glance
| 🏛️ Headquartered | London, United Kingdom |
| 🏛️ Local office in Yaoundé? | No |
| 👍 Accepts Cameroonian Traders? | Yes |
| 📅 Year Founded | 2001 |
| 📱 Cameroonian Office Contact Number | None |
| ⚖️ Regulation | FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA |
| 🔎License Number | Jordan – 57026 United Kingdom – 595450 Seychelles – SD073 Cyprus – 201/13 Australia – ABN 63151613839, AFSL 410681 South Africa – FSP 51311 Kenya – 178 |
| ⚖️ BEAC Regulation | None |
| ✴️ Regional Restrictions | Canada, the United States, Japan, Malaysia, Singapore, and some other countries |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 5 |
| 🚀 Offers a XAF Account? | No |
| 💻 Dedicated Cameroonian Account Manager? | No |
| 📈 Maximum Leverage | 1:30 (Retail) 1:500 (Professional) |
| 📈 Leverage Restrictions for Cameroon? | No |
| 💳 Minimum Deposit | 1 USD / 597 XAF |
| 💳 XAF Deposits Allowed? | Yes |
| 💰 Active Cameroonian Trader Stats | Unknown |
| 👥 Active Admirals customers | 200,000+ |
| 💰 Cameroon Daily Forex Turnover | $5 trillion+ (Overall Forex Globally) |
| 💳 Deposit and Withdrawal Options | Bank Wire Credit/Debit Card Skrill Neteller POLi Klarna. PayPal iDEAL Crypto Perfect Money |
| 💰 Segregated Accounts in Cameroon | No |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals Mobile App |
| 💰 Tradable Assets | ESG Trading Instruments Forex Cryptocurrency CFDs Commodities Indices Stocks ETFs Bonds |
| 🌐 Admirals USD/XAF Forex Pair? | No |
| 📈 Offers Cameroonian Stocks and CFDs | No |
| 👨💼 Languages supported on Website | English, German, French, Italian, Romanian, Spanish, Portuguese, Russian, Polish, and others |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Cameroon-based customer support? | No |
| 💰 Bonuses and Promotions for Cameroonians | Yes |
| ✴️ Education for Cameroonian beginners | Yes |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Cameroonian Trader | Unknown |
| ✔️ Is Admirals a safe broker for Cameroonian? | Yes |
| ✔️ Rating for Admirals in Cameroon | 9/10 |
| ✔️ Trust score for Admirals in Cameroon | 88% |
| 🎉 Open an account | Open Account |
Regulation and Safety of Funds
The broker is not currently regulated by the Bank of Central African States (BEAC). However, Admirals is well-regulated by several reputable market regulators in other countries, as per the table in the following section.
Security while Trading
When it comes to security, Admirals prioritises the protection and peace of mind of its clients. Here are the key measures in place to ensure the safety of funds and investments while trading:
Segregation of Client Funds: Client funds are kept separate from the company’s funds and held in specifically segregated client accounts at internationally recognised banks. This ensures that client funds remain protected and are not used for other purposes.
Transmission to Regulated Liquidity Providers: All trades executed by Admirals are transmitted to regulated liquidity providers. This practice enhances transparency and safeguards the integrity of the trading process.
External Auditing: Admirals undergo external auditing to ensure compliance, transparency, and accountability. This process provides an additional layer of assurance for clients.
Financial Security: Admirals is committed to maintaining financial stability. By adhering to robust financial practices, the company aims to instil confidence in its clients.
Insurance Coverage: Admirals offers insurance coverage of up to 100,000 USD for eligible securities and cash in the event of insolvency. This insurance policy provides an added level of protection and serves as a safety net for clients’ funds.
Is Admirals a regulated broker, and why does it matter?
Yes, Admirals are regulated. Regulation is crucial as it ensures that the broker operates under strict financial standards and follows guidelines set by regulatory bodies.
How does Admirals ensure the safety of my funds?
Admirals prioritize the safety of funds through regulatory compliance. Regulation entails adhering to industry standards, implementing robust security measures, and segregating client funds from operational accounts.
Awards and Recognition
Admirals, as highlighted on their website, has earned notable accolades in recent years, solidifying its position as a reputable broker. The following honours and recognitions reflect Admirals’ outstanding performance in the industry:
The broker was honoured with the Best Forex Platform award at the ADVFN International Financial Awards, recognising its excellence in providing a top-notch platform for forex trading.
In the DKI’s Best CFD Broker Customer Survey 2019, Admirals was recognised as the Best CFD Broker, a testament to its dedication to delivering high-quality services in the CFD trading space.
The broker has garnered praise for its commitment to innovation in trading technology, offering advanced tools and features to enhance the trading experience for its clients.
Has Admirals received any awards for its services?
Yes, the broker has been recognized with several awards for its outstanding services. These accolades acknowledge the broker’s commitment to excellence and innovation in the financial industry.
What notable recognition has Admirals achieved?
The broker has received prestigious awards, recognizing its excellence in various aspects, including trading platforms, educational resources, and overall customer satisfaction.
Admirals Account Types and Features
Trade.MT4
The Trade.MT4 account is designed for Cameroonian traders seeking favourable trading conditions.
With the renowned MetaTrader 4 platform, traders gain access to a comprehensive suite of additional tools, empowering them to execute trades efficiently and take advantage of advanced technical analysis capabilities.
| 💳 Minimum Deposit | 25 USD / 14,936 XAF |
| 💰 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| ✴️ Range of Markets Offered | Currencies – 37 Metal CFDs – 4 Energy CFDs – 3 Index Futures CFDs – 3 Cash Index CFDs – 16 Stock CFDs – 230 Bonds CFDs – 2 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📈 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📊 Average Spread | From 0.5 pips on major pairs |
| 💸 Commissions charged on trades | $0.02 per share on individual shares and ETF CFDs Zero commissions on other tradable instruments |
| 💱 Tick Size on Forex | 0.00001 |
| 💲 Trade Execution Type | Market |
| ➖ Minimum Position Size | 0.01 lots |
| ➕ Maximum Position Size | 100 standard lots |
| 💻 Maximum Open and Pending Orders | 500 standard lots |
| 🌐 Stop-Out Level | 50% |
| ✔️ Negative Balance Protection Offered? | Yes |
| ☪️ Is an Islamic Account offered? | No |
| 🎉 Open Account | Open Account |
Zero.MT4
The MetaTrader 4 Zero Account caters to professional and expert traders in Cameroon, providing a competitive trading environment.
This account type equips traders with various resources to implement high-frequency and algorithmic trading strategies effectively. With low spreads and rapid execution, the Zero Account is tailored for those seeking optimal trading conditions.
| 💳 Minimum Deposit | 25 USD / 14,936 XAF |
| 💰 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| ✴️ Range of Markets Offered | Currencies – 45 Metal CFDs – 3 Cash Index CFDs – 10 Energy CFDs – 3 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📈 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📊 Average Spread | From 0.0 pips on major pairs |
| 💸 Commissions charged on trades | From $1.8 to $3 per standard lot on Forex and Metals From $0.05 to $3 per standard lot on Cash Indices $1 per standard lot on Energies |
| 💱 Tick Size on Forex | 0.00001 |
| 💲 Trade Execution Type | Market |
| ➖ Minimum Position Size | 0.01 lots |
| ➕ Maximum Position Size | 200 standard lots |
| 💻 Maximum Open and Pending Orders | 200 standard lots |
| 🌐 Stop-Out Level | 50% |
| ✔️ Negative Balance Protection Offered? | Yes |
| ☪️ Is an Islamic Account offered? | No |
| 🎉 Open Account | Open Account |
Trade.MT5
For most retail traders in Cameroon, the Trade.MT5 account serves as the preferred standard account type.
Offering a wide range of trading instruments and standard trading conditions, this account allows traders to access global markets and execute trades efficiently using the powerful MetaTrader 5 platform.
| 💳 Minimum Deposit | 25 USD / 14,936 XAF |
| 💰 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| ✴️ Range of Markets Offered | Currencies – 40 Metal CFDs – 5 Energy CFDs – 3 Agriculture CFDs – 7 Index Futures CFDs – 24 Commodity Futures – 11 Cash Index CFDs – 19 Stock CFDs – over 3,350 ETF CFDs – over 300 Bonds CFDs – 2 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📈 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📊 Average Spread | From 0.5 pips on major pairs |
| 💸 Commissions charged on trades | $0.02 per share on individual shares and ETF CFDs Zero commissions on other tradable instruments |
| 💱 Tick Size on Forex | 0.00001 |
| 💲 Trade Execution Type | Market |
| ➖ Minimum Position Size | 0.01 lots |
| ➕ Maximum Position Size | 100 standard lots |
| 💻 Maximum Open and Pending Orders | 500 standard lots |
| 🌐 Stop-Out Level | 50% |
| ✔️ Negative Balance Protection Offered? | Yes |
| ☪️ Is an Islamic Account offered? | No |
| 🎉 Open Account | Open Account |
Invest.MT5
Cameroonian traders interested in trading stocks and shares listed on international stock exchanges can benefit from the Invest.MT5 account.
This account type provides access to a diverse range of global stocks and shares, allowing traders to invest in their preferred companies and take advantage of market opportunities.
| 💳 Minimum Deposit | 1 USD / 597 XAF |
| 💰 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| ✴️ Range of Markets Offered | Stock CFDs – over 4,350 ETF CFDs – over 200 |
| 📈 Leverage on Forex | None |
| 📈 Leverage on Indices | None |
| 📊 Average Spread | From 0.0 pips |
| 💸 Commissions charged on trades | $0.02 per share on individual shares and ETF CFDs |
| 💱 Tick Size on Forex | None |
| 💲 Trade Execution Type | Exchange |
| ➖ Minimum Position Size | None |
| ➕ Maximum Position Size | None |
| 💻 Maximum Open and Pending Orders | 500 standard lots |
| 🌐 Stop-Out Level | None |
| ✔️ Negative Balance Protection Offered? | No |
| ☪️ Is an Islamic Account offered? | No |
| 🎉 Open Account | Open Account |
Zero.MT5
Designed for experienced and professional traders seeking the utmost trading conditions, features, and a competitive edge, the MetaTrader 5 Zero Account is an excellent choice.
With tight spreads, rapid execution, and advanced trading capabilities, this account empowers Cameroonian traders to maximise their trading potential and achieve their financial goals.
| 💳 Minimum Deposit | 25 USD / 14,936 XAF |
| 💰 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| ✴️ Range of Markets Offered | Currencies – 45 Metal CFDs – 3 Energy CFDs – 3 Cash Index CFDs – 10 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📈 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📊 Average Spread | From 0.0 pips on major pairs |
| 💸 Commissions charged on trades | From $1.8 to $3 per standard lot on Forex and Metals From $0.05 to $3 per standard lot on Cash Indices $1 per standard lot on Energies |
| 💱 Tick Size on Forex | 0.00001 |
| 💲 Trade Execution Type | Market |
| ➖ Minimum Position Size | 0.01 lots |
| ➕ Maximum Position Size | 200 standard lots |
| 💻 Maximum Open and Pending Orders | 500 standard lots |
| 🌐 Stop-Out Level | 50% |
| ✔️ Negative Balance Protection Offered? | Yes |
| ☪️ Is an Islamic Account offered? | No |
| 🎉 Open Account | Open Account |
Demo Account
Cameroonian traders can thoroughly evaluate Admirals and their products, services, and trading conditions using a practice account. This enables traders to compare Admirals with other brokers and make informed decisions.
Moreover, beginners in the forex market can greatly benefit from opening a demo account with Admirals, providing a risk-free environment to refine their trading skills without using real money.
To access Admirals’ demo account, traders must complete a brief registration form, providing their name, last name, email address, and phone number. Verification documents are not required until traders decide to engage in live trading.
Admirals offers demo accounts on all trading accounts and platforms. These accounts provide a realistic simulation of the trading platform, allowing traders to practice across various financial markets without risk.
It is important to note that there are no discernible differences in trading conditions and price feeds between live and demo accounts on Admirals, except for the simulated nature of the market, which may result in slippage.
Islamic Account
The Trade.MT5 account offered by Admirals presents an appealing option for Cameroonian Muslim traders, as it can be converted into an Islamic account, providing access to special features tailored to their needs. These features include:
Interest and swap adjustments are not charged when holding overnight positions, aligning with Islamic finance principles.
Both individual and institutional Muslim investors can benefit from trading with an Islamic account, ensuring inclusivity for various traders.
There are no upfront or ever-increasing fees associated with the Islamic account, promoting transparency and cost-effectiveness.
Traders can expect the same trading conditions as standard accounts, enabling a seamless transition and comparable opportunities.
Islamic account holders face no restrictions on their trading strategy, methodology, or the use of Expert Advisors, granting flexibility and freedom in their trading approach.
Additionally, it is important to note that an Islamic Account Administration fee applies after holding a position for a certain period. The fees and holding times for different instruments are as follows for Cameroonian traders:
Agricultural CFDs: Fees range from $0.1 to $2, with a holding period of 3 days.
Cash Indices CFDs: Fees vary from $0.1 to $3, with holding periods ranging from 3 to 10 days.
Cryptocurrencies: After 1 day, fees range from $0.01 to $22.
Energies: Fees apply after 3 days, ranging from $3 to $10.
ETF CFDs: After 3 days, fees range from $0.01 to $0.1.
Forex: Holding periods between 1 and 10 days incur fees ranging from $3 to $113.
Precious Metals: Fees apply after 3 to 10 days, ranging from $0.5 to $15.
Stock CFDs: Fees start from 3 days, from $0.01 to $0.6.
Professional Account
Admirals’ PRO accounts are specifically designed for Cameroonian traders seeking enhanced flexibility in their trading strategies, offering leverage of up to 1:500 and access to loyalty programs.
These exclusive accounts are available to Wholesale Clients who meet eligibility criteria and complete a three-step application process.
As a PRO account holder, you will enjoy a range of features not accessible to Retail Clients. These features include:
Higher leverage ratios of up to 1:500 on Forex Majors, major Indices, other forex pairs, gold, commodities (excluding gold), cryptocurrencies, shares, ETFs, and other asset classes.
Protection against a negative balance ensures your account will not fall below zero.
Forex rebates enable you to earn rebates on your trading volume.
Bonuses and promotions provide additional benefits and incentives.
Traders must note that all clients are initially classified as Retail by default. However, those who meet the eligibility requirements and complete the three-step application process can upgrade to a Wholesale (PRO) account.
As a Wholesale (PRO) client, it’s essential to know that certain protections provided to Retail clients under the Corporations Act 2001 may not apply.
These include ASIC’s product intervention measures for Contracts for Difference (CFDs), the provision of a Product Disclosure Statement (PDS) or Financial Services Guide (FSG), and the exclusion of complaints made by Wholesale Clients from the Australian Financial Complaints Authority (AFCA).
To qualify as a Professional trader, Cameroonian traders must meet specific requirements. These include satisfying the Wealth Test or the Sophisticated Investor Test, demonstrating the necessary financial capacity.
Additionally, traders must have a minimum trade experience of 20 qualifying trades in the past five years or industry experience of at least 12 months in a professional capacity in the financial services sector.
Base Account Currencies
Depending on their region, traders can choose from these account base currencies:
AUD
USD
ZAR
EUR
GBP
CHF
BGN
CZK
HRK
HUF
PLN
RON
JOD
AED
What types of accounts do Admirals offer?
The broker provides various account types tailored to different trading preferences, including the Admiral Markets Account, Admiral Prime Account, and Admiral Invest Account.
Each account type comes with specific features to meet the diverse needs of traders.
What are some key features of the accounts?
The accounts offered by Admirals come with a diverse set of features designed to enhance the trading experience. Traders gain access to advanced trading platforms such as MetaTrader 4 and 5, providing sophisticated tools for analysis and execution.
Overall Rating
- 4.7/5
Min Deposit
1 USD / 597 XAF
Regulators
FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Admirals Mobile App
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
How to open an Account
To register an account, Cameroonian traders can follow these easy steps:
Step 1 – Go to the Admirals website.
Visit the Admirals website and locate the “Sign up” button.
Step 2 – Complete the form.
Fill out the online application form by providing accurate personal information, including your name, address, email, and phone number.
Step 3 – Choose an account type.
Choose the type of trading account you wish to open.
Admirals vs Exness vs IC Markets – Broker Comparison
| Admirals | Exness | IC Markets | |
| ⚖️ Regulation | FCA, ASIC, CySEC, EFSA, JSC, FSCA, CMA | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | ASIC, CySEC, FSA in Seychelles, and SCB |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, Admirals Mobile App | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app | MetaTrader 4, MetaTrader 5, cTrader |
| 💰 Withdrawal Fee | Yes | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 1 USD / 597 XAF | 10 USD / 5,983 XAF | 200 USD / 119,675 XAF |
| 📈 Leverage | 1:30 Retail 1:500 Professional | Unlimited | 1:500 |
| 📊 Spread | From 0.0 pips | From 0.0 pips | From 0.0 pips |
| 💰 Commissions | From $0.02 | From $0.1 per side, per lot | From $3 to $3.5 |
| ✴️ Margin Call/Stop-Out | 100%/50% | 60%/0% | 100%/50% |
| ✴️ Order Execution | Market, Exchange | Market | Market |
| 💳 No-Deposit Bonus | Yes | No | No |
| 📊 Cent Accounts | No | Yes | No |
| 📈 Account Types | Trade.MT5 Invest.MT5 Zero.MT5 Bets.MT5 Trade.MT4 Zero.MT4 | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account | Standard account, Razor Account, Professional Account |
| ⚖️ BEAC Regulation | No | No | No |
| 💳 XAF Deposits | Yes | Yes | No |
| 📊 XAF Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/7 | 24/7 |
| 📊 Retail Investor Accounts | 6 | 5 | 3 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 👉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms
MetaTrader 4
Admirals offers MetaTrader 4 (MT4) as a robust trading platform tailored for Cameroonian traders. With its intuitive interface, MT4 allows you to analyse real-time charts and trade various financial instruments, including Forex and CFDs.
Whether you are a beginner or an experienced trader, MT4 provides a user-friendly experience that can be customised to your preferences.
MT4 supports over 30 languages, ensuring accessibility for Cameroonian traders. Start trading with Admirals by downloading the MT4 platform or using the mobile app or web-based terminal.
MetaTrader 5
Cameroonian traders seeking advanced features can choose MetaTrader 5 (MT5) on the Admirals platform.
MT5 offers enhanced functionalities, including additional timeframes, advanced charting tools, level II pricing, free market data, and news.
This comprehensive platform is well-suited for traders implementing complex strategies and is particularly beneficial for stock trading.
While MT4 and MT5 are exceptional platforms, MT5 empowers Cameroonian traders with broader tools. Get started with MT5 by downloading and installing the platform from Admirals.
MetaTrader Supreme
Cameroonian traders can elevate their trading experience with MetaTrader Supreme, an exclusive plugin developed by Admirals. Compatible with MT4 and MT5, MetaTrader Supreme introduces over fifty additional features to enhance your trading journey.
This comprehensive package is designed to cater to the needs of experienced traders in Cameroon, offering advanced technical indicators, pattern recognition tools, day trading strategies, and multi-timeframe analysis.
Traders can also leverage the power of Global Opinion widgets, including sentiment-based market alerts and sentiment gauges, to make informed trading decisions. Experience the full potential of Admirals’ MetaTrader Supreme Edition for a comprehensive and optimised trading experience.
Admirals App
Stay connected to the markets and seize opportunities with the Admirals App, designed specifically for Cameroonian traders.
This secure and user-friendly mobile application grants instant access to various trading products, including CFDs on Forex currency pairs, stocks, indices, commodities, bonds, and ETFs.
Developed by Admirals, this app empowers Cameroonian traders to trade conveniently on their mobile devices at any time and from anywhere.
Monitor live charts, manage your trading accounts, and execute trades effortlessly with the Admirals App, ensuring a seamless trading experience tailored to the needs of Cameroonian traders.
What trading platforms does the broker offer?
The broker provides access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are highly esteemed for their advanced charting tools, technical analysis capabilities, and smooth order execution.
Can I trade on the go?
Yes, traders can stay connected and trade on the go with Admirals. The platform offers a user-friendly mobile trading app, ensuring flexibility and convenience for traders who prefer to manage their portfolios from their smartphones or tablets.
Which Markets Can You Trade with Admirals?
Cameroonian traders can expect the following range of markets from the broker:
ESG Trading Instruments
Forex
Cryptocurrency CFDs
Commodities
Indices
Stocks
ETFs
Bonds
What financial markets can I trade with Admirals?
The broker provides a diverse range of markets, covering forex, stocks, indices, commodities, and cryptocurrencies.
Are there educational resources for trading different markets on Admirals?
Yes, Admirals provides educational resources covering different markets. Traders have access to tutorials, webinars, and analysis tools customized for each market, providing them with the knowledge needed to make informed trading decisions across various asset classes.
Broker Comparison for Range of Markets
| Admirals | Exness | IC Markets | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | Yes | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | No | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | Yes | No | No |
Admirals Trading and Non-Trading Fees
Spreads
The typical spreads that traders can expect according to the trading account they choose are as follows:
Trade.MT5 – from 0.5 pips
Invest.MT5 – from 0.0 pips
Zero.MT5 – from 0.0 pips
Bets.MT5 – from 0.5 pips
Trade.MT4 – from 0.5 pips
Zero.MT4 – from 0.0 pips
Commissions
Traders can expect the following commission charges:
💳 Trade.MT5 $0.02 per share on individual shares and ETF CFDs
💰 Invest.MT5 $0.02 per share on individual shares and ETF CFDs
💳 Zero.MT5 From $1.8 to $3 per standard lot on Forex and Metals
From $0.05 to $3 per standard lot on Cash Indices
$1 per standard lot on Energies
💰 Trade.MT4 $0.02 per share on individual shares and ETF CFDs
💳 Zero.MT4 “From $1.8 to $3 per standard lot on Forex and Metals
From $0.05 to $3 per standard lot on Cash Indices
$1 per standard lot on Energies”
Overnight Fees, Rollovers, or Swaps
Overnight expenses apply to traders who hold positions open for more than 24 hours. Depending on the trading volume, the instrument type, and other elements, the broker assesses an overnight price.
| 📊 Instrument | 💳 Long Swap (Buy) | 💰 Short Swap (Sell) | ✴️ Conditions |
| EUR/USD | -0.674 pips | 0.054 pips | Quadruple Swaps – Wednesday |
| Crypto CFDs | -0.05583 pips | -0.05528 pips | No Triple Swaps |
| Agricultural Commodities | -0.04197 pips | 0.01419 pips | Triple Swaps – Friday |
| Energies | 0.03506 | -0.06801 pips | Triple Swaps – Friday |
| Silver | -0.214 pips | -0.186 pips | Triple Swaps – Wednesday |
| Gold | -14.21 pips | -10.618 pips | Triple Swaps – Wednesday |
| CFDs on Indices | -0.00917 pips | -0.0075 pips | Triple Swaps – Friday |
| Shares | -0.01689 pips | -0.01644 pips | Triple Swaps – Friday |
| ESG Shares | -0.01689 pips | -0.01644 pips | Triple Swaps – Friday |
| ETF CFDs | -0.01689 pips | -0.01644 pips | Triple Swaps – Friday |
Deposit and Withdrawal Fees
The broker does not charge any deposit fees but applies the following withdrawal fees:
Bank Transfers – if traders withdraw more than once, they are subjected to a fee of 10 USD or currency equivalent.
PayPal – 1% with a minimum of 1 currency unit.
Skrill – 2% with a minimum of 1 currency unit.
Neteller – 2% with a minimum of 1 currency unit.
iBank and BankLink – 0.5% with a minimum of 1 currency unit.
Perfect Money – 1% or a minimum of 1 EUR or USD once the free withdrawal has been used.
Inactivity Fees
Accounts inactive for 24 months or more are subject to a $10 inactivity fee.
Currency Conversion Fees
There is a 0.3% currency conversion fee that applies.
What are the trading fees with the broker?
The broker imposes competitive trading fees, encompassing spreads and potential overnight financing costs for specific assets.
To promote transparency, the detailed fee structure is readily accessible on the Admirals website, empowering traders to make well-informed decisions based on their preferences and trading strategies.
Are there non-trading fees associated with the accounts?
In terms of non-trading fees, the broker strives to keep them minimal. Account maintenance fees are not applicable. However, traders should exercise caution regarding potential charges linked to withdrawals, account inactivity, or other non-trading activities.
Being aware of these fees allows traders to manage their accounts effectively and make strategic decisions aligned with their financial goals.
Admirals Deposits and Withdrawals
The broker offers Cameroonian traders deposit and withdrawal methods according to their region and the regulatory entity through which they are registered.
Therefore, depending on the trader’s region, the following list might be incomplete. However, it includes some common methods offered by them:
Bank Wire
Credit/Debit Card
Skrill
Neteller
POLi
Klarna.
PayPal
iDEAL
Crypto
Perfect Money
How can I deposit funds into my account?
The broker provides a range of convenient deposit methods, encompassing bank transfers, credit/debit cards, and popular e-wallets such as Skrill and Neteller.
What is the withdrawal process?
Withdrawing funds from the broker is a straightforward process. Traders can initiate withdrawals through the client portal, and the funds are typically transferred using the same method used for the initial deposit.
How to Deposit Funds
To deposit funds to an account, Cameroonian traders can follow these steps:
Step 1 – Log into your account.
Go to the Admirals’ website, then log in to your account. Make sure that your account is verified and your profile is up-to-date.
Step 2 – Choose a deposit method.
Select the deposit method that you’d like to use. Check the condition for each option and choose the one that suits you the most.
Step 3 – Confirm your transaction.
Confirm and finish the transaction. Your money will be processed and transferred to your trading account.
Fund Withdrawal Process
To withdraw funds from an account, Cameroonian traders can follow these steps:
Step 1 – Go to the “Transactions” option.
Open the “Transactions” drop-down icon and select “Transfer”.
Step 2 – Transfer funds.
Transfer the funds you wish to withdraw from the trading account to the wallet.
Step 3 – Select the “Withdraw” option.
Open the “Transactions” menu again, select “Withdraw”, and then “Bank transfer”.
Step 4 – Withdraw the money.
Withdraw the money from the wallet to your bank account.
Step 5 – Upload your bank statement.
Upload a bank statement issued within the past three months.
Step 6 – Your withdrawal will be processed.
Your withdrawal request will then be processed.
Education and Research
The broker offers the following Educational Materials to Cameroonian traders:
Forex and CFD webinars
Frequently Asked Questions
Trader’s Glossary
Risk Management Guide
Articles and Tutorials
Zero To Hero
Forex 1010
Trading Videos
eBooks
The broker also offers Cameroonian traders the following additional Research and Trading Tools:
Global Market Updates
Premium Analytics
Fundamental Analysis
Technical Analysis
Forex Calendar
Trading Central
Trading News
Market Heat Map
Market Sentiment
Weekly Trading Podcast
What educational resources does the broker offer?
The broker offers a wealth of educational resources, comprising tutorials, articles, and webinars that address various aspects of trading. Whether you are a beginner or an experienced trader, Admirals’ educational materials are designed to enrich your knowledge and enhance your skills in navigating the financial markets.
How does Admirals support market research?
The broker offers robust market research tools, including daily analysis, economic calendars, and technical insights. Traders can stay informed about market trends and make well-informed decisions by leveraging Admirals’ comprehensive research resources.
Bonuses and Promotions
The broker currently offers several bonuses and promotions to enhance your trading experience:
Admirals Cashback: Your account will be automatically rewarded monthly based on your trading volume. It is a simple and enjoyable way to get rewarded for your trading activities.
100% Welcome Bonus: Double your trading funds and receive up to $5000 as a bonus from Admirals. This bonus is available for both new and existing clients, allowing you to amplify your trading opportunities.
$100 No Deposit Bonus: Open a live account with Admirals and receive $100 as a trading bonus without making a deposit. It’s a risk-free opportunity to explore live trading and experience the thrill of trading CFDs on currencies, commodities, and more.
These bonuses and promotions offer various benefits to traders, including increasing trading capital, accessing additional funds, and exploring live trading without risking their funds. They are available for new and existing clients across all account types.
To start with the bonuses and promotions, simply register for an account, complete the verification process, fund your account, and choose the appropriate account type to activate the bonus.
Does the broker offer bonuses to traders?
The broker typically does not offer traditional deposit bonuses. Instead, the platform prioritizes providing competitive trading conditions and a transparent fee structure. Traders are encouraged to check the website for any ongoing promotions or special offers.
Are there promotions available for traders?
The broker may periodically introduce promotions or special offers. Traders can stay updated on the latest promotions by visiting the website or contacting customer support for information on any ongoing bonus programs or promotional campaigns.
Overall Rating
- 4.7/5
Min Deposit
1 USD / 597 XAF
Regulators
FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Admirals Mobile App
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Affiliate Program Features
The Admirals Affiliate Program offers the following advantages and features:
Lucrative Commissions: Affiliates have the opportunity to earn generous commissions, with the potential to reach up to $600.
Transparent Statistics and Reporting: Access transparent statistics and reporting tools that make tracking and collecting affiliate commissions easy.
Trustworthy and Regulated Brand: Collaborate with Admirals, a trustworthy and regulated brand, ensuring credibility and reliability for affiliates and their referrals.
Conversion-Optimised Advertising: Utilise conversion-optimised advertising, widgets, and other content Admirals provides to enhance your promotional efforts and expedite results.
Dedicated Affiliate Support: Benefit from the assistance of dedicated affiliate support specialists available to provide guidance and support throughout your affiliate journey.
24/7 Access to the Affiliates Portal: Enjoy unrestricted access to the Admirals Affiliates Portal, allowing you to manage your affiliate activities conveniently at any time.
What features does the Affiliate Program offer?
The Affiliate Program offers a diverse set of features designed to empower affiliates in promoting the broker’s services effectively. These include competitive commission structures, ensuring affiliates are rewarded attractively for their efforts.
How does real-time tracking benefit affiliates?
Real-time tracking is a vital feature of the Affiliate Program, allowing affiliates to instantly monitor the activity and performance of clients they have referred.
How to open an Affiliate Account
To register an Affiliate Account, Cameroonians can follow these steps:
Step 1 – Join as a Forex Affiliate.
Sign up as a Forex affiliate to gain access to the dedicated affiliate site provided by Admirals.
Step 2 – Choose Suitable Offers.
Select from a range of offers available in the affiliate program, including advertising materials tailored to your target audience.
Step 3 – Promote Admirals.
Incorporate the promotional materials provided by Admirals on your website or platform to promote their services effectively.
Step 4 – Earn Commissions.
Start earning commissions, potentially earning up to $600 for each referred client through Admirals’ top CPA affiliate program.
10 Best Forex Brokers in Cameroon
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Customer Support
| ⏰ Operating Hours | 24/5 |
| 👥 Support Languages | 23 languages |
| 💬 Live Chat | Yes |
| 💻 Email Address | Yes |
| 📱 Telephonic Support | Yes |
| ✔️ The overall quality of Admirals Support | 5/5 |
How can I contact customer support?
The broker provides customer support through various channels, including live chat, email, and phone. Traders can easily reach out to the support team for assistance with any inquiries or issues.
What are the customer support hours?
The customer support operates 24/5, aligning with the global nature of the financial markets. Traders can access assistance and resolve queries throughout the trading week, ensuring prompt and efficient support.
Corporate Social Responsibility
In 2020, Admirals achieved a significant milestone by attaining carbon neutrality as a company. As a forward-thinking organisation, Admirals is committed to taking sustainability to the next level by becoming an ESG-compliant entity.
Furthermore, Admirals is poised to bridge the gap between financial transactions and environmental operations, pioneering a new approach in the industry.
The broker prioritises energy efficiency within their workplaces and actively embraces using renewable energy sources whenever feasible.
Moreover, they actively engage in tree-planting initiatives within their communities, demonstrating their dedication to environmental conservation. Recycling and waste reduction measures are also prioritised at all their sites.
Furthermore, they aim to offer clients sustainable investment opportunities through their current investment activities. They recognise that the community’s future, which encompasses customers, employees, business partners, and shareholders, is paramount.
Sustainability is deeply ingrained in Admirals’ practices, as they continuously strive to enhance their ESG initiatives and actively seek innovative approaches to environmental stewardship.
They firmly believe in the power of small, consistent actions to create a significant long-term impact. The broker seeks to inspire the trading community to contribute positively to the planet, allowing traders to engage in green trading anywhere in the world.
Does the broker engage in corporate social responsibility (CSR)?
Yes, the company is committed to corporate social responsibility. It actively participates in various initiatives and programs that contribute to social and environmental well-being.
What specific CSR initiatives does the broker undertake?
The company is actively involved in initiatives centred around education, community development, and environmental sustainability. With a commitment to making a positive impact beyond its business operations
Verdict
Overall Admirals is a well-regulated and reputable broker that offers a wide range of trading instruments and platforms to cater to the diverse needs of traders.
The availability of various account types, including the popular MT4 and MT5 platforms, provides flexibility and choice. Admirals’ commitment to security adds an extra layer of trust.
Overall Rating
- 4.7/5
Min Deposit
1 USD / 597 XAF
Regulators
FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Admirals Mobile App
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Admirals is a well-regulated broker offering reliable trading solutions to global traders. | The demo account provided by them expires after 30 days, limiting the duration for traders to practice and test their strategies. |
| The platform provides advanced trading tools that facilitate comprehensive market analysis, empowering traders to make informed decisions. | Due to jurisdictional limitations, certain services may not be available in specific regions, reducing the range of options for traders in those areas. |
| With an extensive selection of over 8,000 financial instruments, the broker offers diverse trading opportunities for various investment strategies. | The broker imposes inactivity fees, which can be a drawback for traders who may not actively trade for extended periods. |
| Muslim traders can benefit from the availability of a Swap-Free account, adhering to Islamic finance principles. | Traders should be aware that there is a conversion fee of 0.3% when dealing with different currencies, which can impact the overall profitability of trades. |
| Commission-free trading allows traders to optimise their trading performance without incurring additional costs. | While the broker offers excellent customer support, there may be limited hours of availability, potentially causing delays in addressing urgent inquiries or concerns. |
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Frequently Asked Questions
Can I trade cryptocurrencies with Admirals?
Yes, the broker allows the trading of cryptocurrencies, offering a range of popular digital currencies such as Bitcoin, Ethereum, and Litecoin.
Is there a minimum deposit requirement to open an account?
Yes, there is a minimum deposit requirement, which may vary depending on the account type chosen. The specific minimum deposit amount can be found on their website.
Does the broker have Nasdaq 100?
They offer the NASDAQ as an Index CFD and Cash Index under NQ100. Traders can enjoy competitive minimum spreads starting from 0.8 pips and zero commissions when trading the NASDAQ with Admirals.
Is Admirals Safe or a Scam?
They are a reputable and trustworthy broker, not involved in any fraudulent activities. It holds multiple regulatory licenses, including those from reputable authorities such as the FCA, ASIC, CySEC, EFSA, JSC, CMA, and FSCA.
Are Admirals regulated?
Yes, they are a fully regulated broker. It operates under the oversight and licensing of regulatory bodies such as the FCA, ASIC, CySEC, EFSA, JSC, CMA, and FSCA, ensuring compliance with stringent financial regulations.
Does the broker provide educational resources for traders?
Yes, the broker offers comprehensive educational resources, including webinars, tutorials, articles, and video courses, to help traders enhance their knowledge and trading skills.
How can I contact customer support?
The broker provides customer support through various channels, including email, phone, and live chat. Traders can find the contact details on the Admirals website and contact the support team for assistance.
How long does it take to withdraw funds?
The withdrawal timeframe may vary depending on the chosen payment method. Typically, withdrawals are processed within one to several business days, ensuring efficient and secure fund transfers.
Does the broker have VIX 75?
No, they do not provide trading on the Volatility 75 index (VIX 75). However, traders can explore various other instruments and markets Admirals offer for their trading needs.
