CFA Franc Forex Trading Accounts
Scam Forex Brokers in Cameroon
easyMarkets Review
Overall easyMarkets is considered low-risk, with an overall Trust Score of 82 out of 100. They are licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). The broker offers seven retail investor accounts, namely easyMarkets Web/App VIP, Premium, Standard, MT4 VIP, Premium, Standard, and MT5.
- 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
25 USD / 15,076 XAF
Regulators
BVI FSC, CySEC, ASIC, FSA
Trading Desk
easyMarkets Platform, MT4, MT5, TradingView
Crypto
Yes
Total Pairs
71+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Since 2001, easyMarkets has provided traders all around the globe with innovative features, versatile trading platforms, and access to more than 200 international marketplaces. They are an award-winning and well-established broker that is subject to stringent regulation from several different regulatory bodies.
The individuals who would benefit the most from trading with the broker will likely be beginner to intermediate traders who appreciate a simple, intuitive platform and various trading instruments.
They might also value the educational resources and customer support offered. More advanced traders may find the platform lacking certain features they need and may be more affected by the broker’s fees and spreads.
Distribution of Traders
According to the brokers’ website traffic, the following regions are the most active on the broker’s website:
Brazil – 19.98%
Palestine – 14.02%
Taiwan – 5.12%
Australia – 3.85%
Israel – 3.79%
Popularity among traders
easyMarkets is one of the Top 100 CFD and Forex Brokers for Cameroonian traders based on its comprehensive offer, regulation, and range of markets.
What is easyMarkets?
easyMarkets is a prominent online trading platform that offers accessible and user-friendly solutions for trading in forex, commodities, indices, and cryptocurrencies.
What sets easyMarkets apart?
The broker distinguishes itself through innovative trading technology, comprehensive risk management tools, and a dedicated commitment to simplifying the trading process for both novice and experienced traders.
At a Glance
| 🏛️ Headquartered | The British Virgin Islands |
| 🏛️ Local office in Yaoundé? | No |
| 👍 Accepts Cameroonian Traders? | Yes |
| 📅 Year Founded | 2001 |
| 📱 Cameroonian Office Contact Number | None |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA |
| 🔎License Number | British Virgin Islands – SIBA/L/20/1135 Cyprus – 079/07 Australia – AFSL 246566 Seychelles – SD056 |
| ⚖️ BEAC Regulation | None |
| ✴️ Regional Restrictions | United States of America, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad, Congo, Cuba, the Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji, Guinea-Bissau, Haiti, Honduras, Iran, Iraq, Laos, Libya, Mozambique, Myanmar, Nicaragua, North Korea, Palau, Panama, Russian Federation, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, Yemen |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 7 |
| 🚀 Offers a XAF Account? | No |
| 💻 Dedicated Cameroonian Account Manager? | No |
| 📈 Maximum Leverage | 1:200 (easyMarkets/TradingView) 1:400 (MetaTrader 4) 1:2000 (MetaTrader 5) |
| 📈 Leverage Restrictions for Cameroon? | Yes, according to the trading platform chosen |
| 💳 Minimum Deposit | 25 USD / 15,076 XAF |
| 💳 XAF Deposits Allowed? | No |
| 💰 Active Cameroonian Trader Stats | Unknown |
| 👥 Active easyMarkets customers | 100,000+ |
| 💰 Cameroon Daily Forex Turnover | $5 trillion+ (Overall Forex Globally) |
| 💳 Deposit and Withdrawal Options | Debit Card Credit Card AstroPay Local Bank Transfer Bpay Pix Neteller Skrill FasaPay Sticpay Egyptian Local Deposits WebMoney BitWallet Perfect Money Bank Wire Transfer UnionPay |
| 💰 Segregated Accounts in Cameroon | No |
| 💻 Trading Platforms | easyMarkets Platform MetaTrader 4 MetaTrader 5 TradingView |
| 💰 Tradable Assets | Forex Shares Cryptocurrencies Precious Metals Commodities Indices Options |
| 🌐 easyMarkets USD/XAF Forex Pair? | No |
| 📈 Offers Cameroonian Stocks and CFDs | No |
| 👨💼 Languages supported on Website | Chinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several 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 easyMarkets a safe broker for Cameroonian? | Yes |
| ✔️ Rating for easyMarkets in Cameroon | 9/10 |
| ✔️ Trust score for easyMarkets in Cameroon | 82% |
| 🎉 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, as per the table in the following section, they are well-regulated by several reputable market regulators in other countries.
Security while Trading
The broker takes the following measures to ensure the security of its platform and the safety of its client’s data and funds:
The Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC) regulate the broker, along with the FSA and FSC. These regulatory agencies enforce stringent rules and standards to safeguard investors.
They separate customer funds from their operating funds. This indicates that client funds are held in separate bank accounts and cannot be used for the company’s operations. Client funds would be protected in the improbable event that the broker becomes insolvent.
SSL Encryption: the broker employs SSL (Secure Socket Layer) encryption to safeguard data transmission between the client’s computer and its servers. This indicates that your personal and financial data are encrypted and protected from hackers.
Negative Balance Protection: they provide negative balance protection, which prevents traders from losing more money than they have deposited. If you lose a trade and your account balance drops below zero, they will reset your account balance to zero.
Risk Management Tools: the broker offers a variety of risk management tools, including stop loss orders, guaranteed stop loss orders, and take profit orders. These tools can aid traders in risk management and limiting potential losses.
To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, the broker requires clients to verify their identities before trading can commence. This procedure requires a valid identification card and proof of residence.
Is easyMarkets a regulated platform?
The broker is a regulated online trading platform. It adheres to regulatory standards, ensuring a secure and transparent trading environment for its users.
Which regulatory bodies oversee easyMarkets?
The broker is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), ensuring strict adherence to financial regulations.
Awards and Recognition
The broker has won the following awards recently:
In 2022, the broker was awarded the “Best Competitive Spreads Broker” title by Media With, Inc.
Media With, Inc. recognized easyMarkets as the “Longest Serving Broker” in 2022.
In 2022, Finance Derivative Magazine honoured them with the “Best Cryptocurrency Innovation UAE” award.
The prestigious title “Most Trusted Broker” was awarded to the broker at the Smart Vision Investment Expo Egypt in 2022.
In 2022, they received recognition as the “Most Reputable Multi-Asset Broker” at Forex Expo Dubai.
In 2022, they were acknowledged for their steady development in comprehensive operations at the FX168 2022 Broker Billboard (Global).
Fin Expo Egypt 2022 named easyMarkets the “Most Trusted Forex Broker in the Middle East” in 2022.
Has the broker received any industry awards?
The broker has garnered several industry awards, acknowledging its excellence in online trading and commitment to providing a superior trading experience.
What awards were won by easyMarkets?
The broker has been honoured with awards such as “Best Forex Service Provider” and “Most Innovative Broker,” underscoring its industry leadership and dedication to innovation.
easyMarkets Account Types and Features
Web/App and TradingView VIP Account
💰 Minimum Deposit Requirement 10,000 USD / 6,030,458 XAF
💵 Base Account Currency Options EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC
📈 Maximum Leverage 1:200
📊 Minimum Transaction Size 70 USD
📱 Trading Platforms easyMarkets Web/Mobile App
💳 Commissions on trades None
✴️ Average spreads EUR/USD – 0.8 pips
GBP/USD – 1.4 pips
USD/JPY – 1.5 pips
WTI (OIL) – 0.04 USD
XAU/USD – 0.40 USD
💸 Account Fees None
📞 24/5 Customer Support Through Live Chat Yes
✔️ Trading Central Indicator No
🎉 Open An Account Open Account
Web/App and Trading View Web/App Premium Account
💰 Minimum Deposit Requirement 2,000 USD / 1,206,091 XAF
💵 Base Account Currency Options EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC
📈 Maximum Leverage 1:200
📊 Minimum Transaction Size 70 USD
📱 Trading Platforms easyMarkets Web/Mobile App
💳 Commissions on trades None
✴️ Average spreads EUR/USD – 1.5 pips
GBP/USD – 1.9pips
USD/JPY – 2.2 pips
WTI (OIL) – 0.05 USD
XAU/USD – 0.45USD
💸 Account Fees None
📞 24/5 Customer Support Through Live Chat No
✔️ Trading Central Indicator No
🎉 Open An Account Open Account
Web/App and Trading View Web/App Standard Account
💰 Minimum Deposit Requirement 25 USD / 15,076 XAF
💵 Base Account Currency Options EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC
📈 Maximum Leverage 1:200
📊 Minimum Transaction Size 70 USD
📱 Trading Platforms easyMarkets Web/Mobile App
💳 Commissions on trades None
✴️ Average spreads EUR/USD – 1.8 pips
GBP/USD – 2.4 pips
USD/JPY – 2.4 pips
WTI (OIL) – 0.06 USD
XAU/USD – 0.50 USD
💸 Account Fees None
📞 24/5 Customer Support Through Live Chat No
✔️ Trading Central Indicator No
🎉 Open An Account Open Account
MT4 VIP Account
💰 Minimum Deposit Requirement 10,000 USD / 6,030,458 XAF
💵 Base Account Currency Options EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC
📈 Maximum Leverage 1:400
📊 Minimum Transaction Size 70 USD
📱 Trading Platforms MetaTrader 4 desktop, app, web
💳 Commissions on trades None
✴️ Average spreads EUR/USD – 0.7 pips
GBP/USD – 1.3pips
USD/JPY – 1 pip
WTI (OIL) – 0.03 USD
XAU/USD – 0.35 USD
💸 Account Fees None
📞 24/5 Customer Support Through Live Chat Yes
✔️ Trading Central Indicator Yes
🎉 Open An Account Open Account
MT4 Premium Account
💰 Minimum Deposit Requirement 10,000 USD / 6,030,458 XAF
💵 Base Account Currency Options EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC
📈 Maximum Leverage 1:400
📊 Minimum Transaction Size 70 USD
📱 Trading Platforms MetaTrader 4 desktop, app, web
💳 Commissions on trades None
✴️ Average spreads EUR/USD – 1.2 pips
GBP/USD – 1.8 pips
USD/JPY – 1.5 pips
WTI (OIL) – 0.04 USD
XAU/USD – 0.40 USD
💸 Account Fees None
📞 24/5 Customer Support Through Live Chat Yes
✔️ Trading Central Indicator Yes
🎉 Open An Account Open Account
MT4 Standard Account
💰 Minimum Deposit Requirement 25 USD / 15,076 XAF
💵 Base Account Currency Options EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC
📈 Maximum Leverage 1:400
📊 Minimum Transaction Size 70 USD
📱 Trading Platforms MetaTrader 4 desktop, app, web
💳 Commissions on trades None
✴️ Average spreads EUR/USD – 1.7 pips
GBP/USD – 2.3 pips
USD/JPY – 2 pips
WTI (OIL) – 0.05 USD
XAU/USD – 0.45 USD
💸 Account Fees None
📞 24/5 Customer Support Through Live Chat Yes
✔️ Trading Central Indicator Yes
🎉 Open An Account Open Account
MT5 Account
💰 Minimum Deposit Requirement 25 USD / 15,076 XAF
💵 Base Account Currency Options EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, BTC
📈 Maximum Leverage 1:2000
📊 Minimum Transaction Size 70 USD
📱 Trading Platforms MetaTrader 4 desktop, app, web
💳 Commissions on trades None
✴️ Average spreads EUR/USD – 0.5 pips
GBP/USD – 0.9 pips
USD/JPY – 1 pip
WTI (OIL) – 0.011 USD
XAU/USD – 0.2 USD
💸 Account Fees None
📞 24/5 Customer Support Through Live Chat Yes
✔️ Trading Central Indicator Yes
🎉 Open An Account Open Account
Demo Account
Cameroon traders benefit from exclusive advantages when registering with the broker. The demo account designed for new registrations offers an unlimited duration, ensuring it will never expire.
This feature proves invaluable for novice traders who require a risk-free environment to learn and experienced traders who wish to test the functionality of the proprietary trading platform.
To further enhance the experience, the demo accounts are pre-loaded with a generous virtual fund of 10,000 USD, which can be easily topped up as needed.
Islamic Account
The Islamic account offered by the broker strictly adheres to Sharia principles, providing traders with a compliant trading experience aligned with their religious beliefs.
With over 200 CFD instruments, traders can explore diverse investment opportunities while enjoying a user-friendly web interface, mobile native platform, and the popular MT4 platform.
The account also offers guaranteed stop loss and take profit features, allowing traders to manage their risks effectively.
Traders can benefit from fixed spreads, which provide transparency and clarity on trading costs. In addition, they provide a team of dedicated Personal Customer Relations Managers to offer personalized assistance.
VIP clients also receive exclusive support from professional analysts, ensuring tailored guidance to enhance their trading strategies.
Professional Account
The broker does not offer a separate account for professional traders.
What types of accounts are offered?
The broker offers various account types tailored to different trading preferences, including Standard, Premium, and VIP accounts.
What features distinguish the accounts?
The accounts have features like fixed spreads, negative balance protection, and free guaranteed stop loss, enhancing trading flexibility and user risk management.
Overall Rating
- 4.7/5
Min Deposit
25 USD / 15,076 XAF
Regulators
BVI FSC, CySEC, ASIC, FSA
Trading Desk
easyMarkets Platform, MT4, MT5, TradingView
Crypto
Yes
Total Pairs
71+
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 – Click on the register button.
Register: Click the “Register” or “Sign Up” button. You will be required to provide an email address and password. Additionally, you may be asked for your country of residence.
Step 2 – Complete the form.
After registering, you must provide personal information, including your full name, date of birth, phone number, and residential address. This information is required for identity verification.
Step 3 – Choose Your Account Type.
easyMarkets may provide various account types, including standard, premium, and VIP. The account type will determine the available services and features and the required minimum deposit.
easyMarkets Vs Axi Vs Exness – Broker Comparison
| easyMarkets | Axi | Exness | |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA | ASIC, SVG, FCA, FMA, DFSA | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📱 Trading Platform | easyMarkets Platform MetaTrader 4 MetaTrader 5 TradingView | MetaTrader 4 | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal |
| 💰 Withdrawal Fee | No | Yes | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 25 USD / 15,076 XAF | 0 USD / 0 XAF | 10 USD / 5,983 XAF |
| 📈 Leverage | 1:2000 | 1:500 | Unlimited |
| 📊 Spread | 0.5 pips | 0.0 pips | Variable, from 0.0 pips |
| 💰 Commissions | None, only the spread | From $3.5 | From $0.1 per side per lot |
| ✴️ Margin Call/Stop-Out | 70%/30% | From 90%/50% | 60%/0% |
| ✴️ Order Execution | Market | Market | Market |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | Yes |
| 📈 Account Types | Web/App VIP Web/App Premium Web/App Standard MT4 VIP MT4 Premium MT4 Standard MT5 | Standard Account Pro Account Elite Account | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
| ⚖️ BEAC Regulation | No | No | No |
| 💳 XAF Deposits | Yes | Yes | Yes |
| 📊 XAF Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 7 | 3 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 👉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms
The broker distinguishes itself from other brokers by supporting multiple trading platforms, including MT4, MT5, and their proprietary platforms.
In addition, the proprietary trading platform integrates seamlessly with TradingView, providing advanced functionality and enhancing the trading experience.
easyMarkets Platform and TradingView
The broker provides a user-friendly web-based trading platform for traders who prefer browser-based trading. Notably, this platform integrates seamlessly with TradingView to provide access to advanced trading functions.
The platform shares the mobile trading application’s intuitive interface, speed, and ease of navigation. On both platforms, traders can access a comprehensive selection of trading tools and functions, ensuring a consistent and convenient trading experience.
MetaTrader 4 and 5
As MetaQuotes’ industry-standard platforms, MT4 and MT5 remain popular and highly customizable options. Despite their slightly dated interfaces, they are highly regarded for their quick execution speeds, extensive charting tools, algorithmic trading capabilities, and adaptability.
A benefit of providing these third-party platforms is that traders can easily transfer their customized platforms should they decide to switch brokers.
It is important to note that slippage can occur when utilizing MT4 and MT5. However, negative balance protection is provided by easyMarkets for added peace of mind.
In addition, there are only 80 available financial instruments, including currencies, metals, commodities, indices, and digital currencies.
What trading platforms do easyMarkets offer?
The broker offers a user-friendly online platform accessible via web browsers and mobile devices. Additionally, it supports the popular MetaTrader 4 platform for enhanced trading capabilities.
Can I trade on easyMarkets using my mobile device?
The broker provides a mobile trading platform compatible with both Android and iOS devices, offering traders the flexibility to execute trades and manage their portfolios conveniently while on the go.
Range of Markets
Cameroonian traders can expect the following range of markets:
Forex
Shares
Cryptocurrencies
Precious Metals
Commodities
Indices
Options
What financial instruments can I trade with?
The broker provides a diverse range of markets, including forex, commodities, indices, and cryptocurrencies, offering traders numerous opportunities for diversified investments.
Are there limitations on the range of markets available?
No, the broker offers an extensive range of markets, allowing traders the freedom to explore and trade various financial instruments to suit their investment goals and strategies.
Broker Comparison for Range of Markets
| easyMarkets | Axi | Exness | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | No |
| ➡️️ Options | Yes | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | Yes | No |
Overall Rating
- 4.7/5
Min Deposit
25 USD / 15,076 XAF
Regulators
BVI FSC, CySEC, ASIC, FSA
Trading Desk
easyMarkets Platform, MT4, MT5, TradingView
Crypto
Yes
Total Pairs
71+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
easyMarkets Trading and Non-Trading Fees
Spreads
Cameroonian traders who choose the broker can expect diverse spreads tailored to their preferred accounts and platforms.
Commissions
easyMarkets, as a forex and CFD broker, adopts a transparent fee structure for its services. Traders benefit from fixed spreads, ensuring consistent trading costs without additional commission charges.
The broker’s fees are already incorporated into the spreads, allowing traders to understand their trading expenses clearly. This approach provides simplicity and ease of calculation for Cameroonian traders when engaging in Forex and CFD trading on the platform.
Overnight Fees, Rollovers, or Swaps
The broker applies overnight fees for trading positions held beyond 10 pm GMT each day of the week. Cameroonian traders who keep open trades on specific financial instruments for more than 24 hours will incur an overnight fee.
These fees apply five days a week on the MetaTrader 4 platform, with a triple fee on Wednesdays. Furthermore, on Fridays, open positions in cryptocurrencies will be subject to four times the regular fee.
Deposit and Withdrawal Fees
They do not charge any fees for deposits or withdrawals made using any of the payment methods it supports.
Inactivity Fees
The broker does not currently charge an inactivity fee on dormant accounts.
Currency Conversion Fees
Currency Conversion fees apply when traders deposit funds in currencies other than EUR, CAD, CZK, JPY, NZD, AUD, PLN, TRY, CNY, HKD, USD, SGD, CHF, GBP, MXN, NOK, SEK, ZAR, or BTC.
Are there non-trading fees?
The broker prioritizes transparency by explicitly outlining non-trading fees, such as withdrawal and inactivity fees, on the platform.
Does the broker charge trading fees?
They are known for their transparent fee structure. While there are no hidden trading fees, users may incur spreads and overnight financing fees.
easyMarkets Deposits and Withdrawals
The broker offers Cameroonian traders the following deposit and withdrawal methods:
Debit Card
Credit Card
AstroPay
Local Bank Transfer
Bpay
Pix
Neteller
Skrill
FasaPay
Sticpay
Egyptian Local Deposits
WebMoney
BitWallet
Perfect Money
Bank Wire Transfer
UnionPay
What deposit methods are available?
The broker provides a range of convenient deposit methods, including bank transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller.
How can I initiate a withdrawal?
Initiating a withdrawal is straightforward. Users can do so through the platform by selecting the withdrawal option and following the provided instructions.
How to Deposit Funds
To deposit funds to an account, Cameroonian traders can follow these steps:
Step 1 – Log into your account.
Log into the easyMarkets website using your credentials.
Step 2 – Locate the deposit section.
Once logged in, locate the section for deposits. This is typically accessible from the account dashboard or a menu of your account or funds.
Step 3 – Choose a deposit method.
Choose your preferred deposit method from the available options. easyMarkets accepts various payment options, including credit and debit cards, bank transfers, and eWallets.
Fund Withdrawal Process
To withdraw funds from an account, Cameroonian traders can follow these steps:
Step 1 – Log into your account.
To initiate a withdrawal, you must log into your easyMarkets account and request a withdrawal. The status of your withdrawal can be monitored online.
Step 2 – Choose a withdrawal method.
The funds will be returned to the same payment method used to initially fund the easyMarkets account unless you choose an alternative withdrawal method. If you use multiple payment methods, easyMarkets will transfer the funds to these methods based on the order in which the various payment methods were used to pay for easyMarkets buy and sell orders.
Education and Research
The broker offers the following Educational Materials to Cameroonian traders:
Trading Courses
Free eBooks
Knowledge Base
Trading Indicators
FAQ
The broker also offers Cameroonian traders the following additional Research and Trading Tools:
Economic Indicators
Market News
Trading Charts
Live Currency Rates
Financial Calendar
Trading Hours
What educational resources does easyMarkets offer?
The broker provides a wealth of educational resources, including tutorials, articles, and webinars covering various aspects of trading.
Is there support for ongoing research on easyMarkets?
Yes, they support ongoing research by offering market analysis, daily insights, and expert commentary.
Bonuses and Promotions
The broker offers the following bonuses and promotions:
First Deposit Bonus: Traders can receive a 50% bonus or up to $2,000 as a tradable bonus based on their initial deposit. This bonus provides additional trading capital, potentially allowing traders to increase their trading opportunities and profits.
Partnership Programme: If Cameroonian traders have a channel through which they can promote the broker, they have the opportunity to become an Affiliate or Introducing Broker (IB). By referring new traders to easyMarkets, affiliates, and IBs can earn commissions or rewards for successful referrals. Detailed information about the Partnership Programme can be found on their website.
Refer a Friend: Cameroonian traders can spread the word about easyMarkets and earn rewards for every new trader they introduce to the platform. By participating in the “Refer and Earn” program, traders can receive compensation for successful referrals.
Does the broker offer bonuses to traders?
They typically do not offer traditional deposit bonuses. Instead, the platform focuses on providing competitive trading conditions and a transparent fee structure.
Are there promotions available for traders?
Yes, 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.
Affiliate Program Features
The broker offers an exceptional partner experience with a range of distinctive features tailored to support the success of Cameroonian partners.
As a renowned and established broker, the broker provides affiliates in Cameroon with access to a comprehensive suite of services and valuable resources focused on the financial markets and trading.
By attracting new customers, affiliates have the opportunity to generate income, and they can customize their payment options to suit the preferences of their existing clientele.
Additionally, Cameroonian partners can earn a percentage of the spread fees generated by their referred clients when they trade on the Spread Sharing platform through the Spread Sharing feature.
The hybrid affiliate program enables partners to earn commissions from a diverse range of clients they refer, further enhancing their earning potential.
What features does the Affiliate Program offer?
The key features of the Affiliate Program are competitive commission structures, real-time tracking tools, and marketing materials.
Is real-time tracking available in the Affiliate Program?
Yes, real-time tracking is a key feature of the Affiliate Program, allowing affiliates to monitor their referred clients’ activity and performance instantly.
How to open an Affiliate Account
To register an Affiliate Account, Cameroonians can follow these steps:
Step 1 – Go to the About tab.
On the main menu of the homepage, hover over the “About” tab.
Step 2 – Click on the Partners options.
From the drop-down list that appears at the bottom, select “Partners.”
Step 3 – Join the Affiliate program.
Click on the “Join Now” button provided.
Step 4 – Fill out the form.
Complete the “Sign up today!” registration form with the necessary details.
Customer Support
| ⏰ Operating Hours | 24/5 |
| 👥 Support Languages | Multilingual |
| 💬 Live Chat | Yes |
| 💻 Email Address | [email protected] |
| 📱 Telephonic Support | – |
| ✔️ The overall quality of Admirals Support | 4/5 |
How can I contact easyMarkets customer support?
You can contact customer support through various channels, including live chat, email, and phone. The support team is available to assist with any queries or concerns.
What are the operating hours of customer support?
Customer support operates 24/5, assisting during the business week. Traders can reach out for support at any time from Monday to Friday.
Corporate Social Responsibility
The broker does not currently list any CSR initiatives or projects.
Verdict
The broker is a well-regulated, user-friendly platform ideal for novice and experienced traders. It offers a variety of instruments for trading, an intuitive interface, and excellent educational resources.
Their unique features, such as freeze rates and deal cancellation, benefit risk management.
10 Best Forex Brokers in Cameroon
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Pros and Cons
| ✅ Pros | ❌ Cons |
| The broker has a simple and intuitive platform that is easy to use, even for beginners. This is an advantage for those who are new to trading and want a straightforward platform to start with. | While the platform is user-friendly, it may not have all the advanced trading features that more experienced traders look for, such as complex charting tools and algorithmic trading capabilities. |
| They offer a wide range of financial instruments to trade, including Forex, commodities, indices, shares, and cryptocurrencies. This diversity gives traders the flexibility to choose and switch between different markets. | Some users have reported that the broker has higher than average spreads and fees, which could eat into potential profits. |
| The broker provides strong customer support, which includes 24/5 live chat, email, and phone support. This can benefit traders who need assistance or have questions about their trading activities. | Some users have reported issues with the withdrawal process, such as delays or complications. While this may not be a common issue, it is something to remember. |
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Frequently Asked Questions
Does easyMarkets have Nasdaq 100?
Yes, easyMarkets has Nasdaq 100 as a CFD on Indices under “NDQ/USD”, with spreads from 0.65 on MT5, 2 pips on MT4, and 2.25 pips on easyMarkets/TradingView.
Is easyMarkets Safe or a Scam?
easyMarkets is a safe broker with a high trust score and thousands of positive reviews based on regulation, overall offer, and several other metrics.
What do the reviews say about forex trading with easyMarkets?
The reviews for forex trading with easyMarkets are generally positive. Users appreciate the platform’s user-friendly interface, range of currency pairs, and educational resources. However, as with any platform, experiences may vary, and it is important to do your research.
What kind of customer feedback has easyMarkets received?
Customer feedback for easyMarkets is generally positive. Clients appreciate the platform’s customer service, range of trading options, and user-friendly design. Some customers have noted that the platform’s fees could be more competitive.
Is easyMarkets a good platform for beginners?
Many reviews indicate that easyMarkets is beginner-friendly. The platform offers educational resources and a user-friendly interface to help newcomers understand the trading basics.
Is easyMarkets regulated?
Yes, the broker is well regulated by CySEC in Cyprus, ASIC in Australia, FSA in Seychelles, and FSC in the British Virgin Islands.
How long does it take to withdraw from easyMarkets?
Withdrawals can be instant or take a few days, depending on the method used.
How reliable is easyMarkets?
They are considered reliable by many traders. It is regulated by multiple financial authorities globally, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), along with FSA and FSC.
Does easyMarkets have VIX 75?
No, the broker does not have VIX 75/Volatility Index.
