CFA Franc Forex Trading Accounts
Scam Forex Brokers in Cameroon
7 Best High Leverage Forex Brokers in Cameroon
Traders in Cameroon might wish to sign up with a high-leverage Forex broker which provides the opportunity to significantly boost their potential profits on the Forex markets.
In this article, we explore the top 7 Forex brokers that provide access to high leverage for traders in Cameroon alongside secure and regulated trading conditions.
This is a complete guide to the best high-leverage forex brokers in Cameroon.
In this in-depth guide you’ll learn:
- What are high-leverage forex brokers?
- High-leverage Forex Brokers for Beginners.
- Who are the best high-leverage Forex Brokers for Cameroon in 2024?
- How to choose a high-leverage forex broker – Compare them side by side.
- How to trade Forex using high-leverage.
And lots more…
So if you’re ready to go “all in” with the best-tested best high leverage forex brokers in Cameroon…
Let’s dive right in…
- Kayla Duvenage
7 Best High Leverage Forex Brokers in Cameroon – Comparison
| 🥇 Broker | 🎉 Open An Account | 💵 Minimum Deposit | 💻 Trading Platforms | ✔️ Maximum Leverage |
| 1. Exness | Open Account | 10 USD / 5,983 XAF | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app | Unlimited |
| 2. AvaTrade | Open Account | 100 USD / 59,837 XAF | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | 1:30 (Retail) 1:400 (Pro) |
| 3. Oanda | Open Account | 0 USD / 0 XAF | MetaTrader 4, OANDA Platform, TradingView | 200:1 |
| 4. IG | Open Account | 0 USD / 0 XAF | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API | 50:1 |
| 5. Markets.com | Open Account | 100 USD / 59,837 XAF | MarketsX, Marketsi, MetaTrader 4, MetaTrader 5, MarketsX App | 1:30 |
| 6. Axi | Open Account | 0 USD / 0 XAF | MetaTrader 4 | 500:1 |
| 7. Pepperstone | Open Account | 0 USD / 0 XAF | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade | 400:1 |
10 Best Forex Brokers in Cameroon
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a high-leverage Forex broker?
A high-leverage forex broker in Cameroon enables high leverage ratios for forex trading. Leverage works on the basis that the trader borrows money from the broker and then uses that leveraged amount to trade forex.
Various forex brokers in Cameroon provide different high-leverage ratios. These ratios range from 1:200 to 1:500. In forex trading, leverage levels greater than 1:100 – 1:200 are considered more risky.
7 Best High Leverage Forex Brokers in Cameroon Summary
- Exness – Overall, Best Forex Trading platform.
- Avatrade – Multitude of Trading Opportunities Offered
- Oanda – Top Trading Platform for Cameroon
- IG – Best CFD Broker for Professional Traders
- Markets.com – Verified CFD Proprietary Trading Software
- Axi – Massive Range of Markets Across Several Asset Clauses
- Pepperstone – Best XAF Forex Trading Platform
1. Exness
Exness was founded in 2008 and soon developed to a monthly trading volume of more than $180 billion. This company is one of Cameroon’s most popular and accessible brokers, offering over 200 financial products, various account types, and a wealth of resources.
Exness has a high level of trust and is regulated by several recognised agencies, but is not regulated in Cameroon.
Overall Rating
- 4.9/5
Min Deposit
10 USD / 5,983 XAF
Regulators
FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
Trading Desk
MT4, MT5, Exness Terminal, Exness Trader app
Crypto
Yes
Total Pairs
100+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Exness is known for its account types’ flexibility and efficiency, as well as giving some of the most promising trading circumstances in the industry.
Traders have rapid access to their deposits as well as leverage through the use of electronic payment methods. Exness is one of Cameroon’s top high-leverage brokers, with a maximum leverage ratio of 1:200.
Exness Overview
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💵 Minimum Deposit | 10 USD / 5,983 XAF |
| 📈 Trading Assets | Forex, Metals, Crypto, Energies, Indices, Stocks |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is a choice of powerful trading platforms across devices | There is a limit on instructional resources. |
| Exness offers free VPS hosting | The number of tradable instruments is small. |
| Exness is well-regulated by several reputable entities | |
| Exness offers some of the highest leverage ratios in the forex market; customer support is available 24/7 |
2. AvaTrade
AvaTrade can be customised to meet the needs of each Cameroonian trader. The Irish Central Bank is one of several regulatory bodies that oversee AvaTrade, a global CFD and FX broker formed in 2006.
Despite having extensive regulation from around the world, AvaTrade is not regulated in Cameroon.
Overall Rating
- 4.9/5
Min Deposit
100 USD / 59,837 XAF
Regulators
CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
Trading Desk
AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Investors in Cameroon are well protected against financial loss thanks to AvaTrade’s security and protection measures despite its lack of regulation in the country. In general, this broker provides a safe, honest, and open trading environment.
AvaTrade Overview
| Feature | Information |
| ⚖️ Regulation | CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Retail Account, Professional Account |
| 💻 Trading Platforms | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💵 Minimum Deposit | 100 USD / 59,837 XAF |
| 📈 Trading Assets | Forex, Stocks, Commodities, Cryptocurrencies, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Contracts for Difference (CFDs), Precious Metals |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is well-regulated in multiple jurisdictions | No variable spreads available |
| There are more than 1,250 trading instruments available across financial markets | There is only one retail account and one professional account |
| There are several useful trading tools for advanced traders | Dormant accounts incur inactivity fees |
| There is a choice between innovative and powerful trading platforms | Currency conversion fees may apply |
| AvaTrade offers competitive trading conditions to Cameroon traders | Cameroonians do not have access to XAF-denominated accounts or local deposit and withdrawal options. |
| There is an Islamic account option and a demo account | |
| AvaTrade is reputable and has won multiple awards since its inception |
3. Oanda
For Cameroonians, Oanda is a low-risk forex and CFD broker. It offers competitive trading conditions and high-quality trading solutions, in addition to its award-winning proprietary platform.
Although Oanda is not locally regulated by the BEAC of Cameroon, it is regulated by a number of other recognised authorities. This company was founded in 1996 and is a prominent broker and trading platform.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 XAF
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4, OANDA Platform, TradingView
Crypto
No
Total Pairs
68
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Oanda has a vast array of indicators and charting tools suitable for both novice and seasoned traders.
Oanda, one of the top 50 forex brokers for Cameroonian traders, markets itself as a company that handles “everything currency.” Oanda has a high leverage of 1:200.
Oanda Overview
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📱 Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Standard Account, Core Account, Swap-Free Account, Demo Account |
| 💻 Trading Platforms | MetaTrader 4, OANDA Platform, TradingView |
| 💵 Minimum Deposit | 0 USD / 0 XAF |
| 📈 Trading Assets | Index CFDs, Forex, Metals, Commodity CFDs, Bonds CFDs, Precious Metals, Real-time Rates |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is a selection of account types available | An inactivity fee is charged |
| OANDA is well-regulated in a number of global regions | No XAF-denominated accounts are available to Cameroonian |
| Advanced trading tools are provided | Cameroonian traders have no local deposit or withdrawal options |
| There is no minimum deposit requirement | |
| Beginners have access to trading guides | |
| OANDA’s spreads are competitive | |
| Flexible and powerful trading platforms are available |
4. IG
IG is an excellent option for both novice traders and seasoned market professionals. IG’s platform provides access to more than 17,000 different trading instruments, as well as one of the safest trading environments in the industry, a comprehensive selection of account types, and competitive spreads.
IG serves as a resource for clients interested in CFD trading. It is one of the most well-known brokers in the world, and as such, it provides the finest and most comprehensive trading environments.
Due to the user-friendliness of its interfaces, the high quality of its educational tools, and the applicability of its research, IG is in a competitive position among brokers in Cameroon.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 XAF
Regulators
FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
Trading Desk
MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Despite not being subject to the supervision of the BEAC in Cameroon, IG is regulated by many credible organisations.
In its operations, IG places a significant emphasis on ethical behaviour, social responsibility, and environmental awareness. IG offers a high leverage ratio of 1:200.
IG Overview
| Feature | Information |
| ⚖️ Regulation | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📱 Social Media Platforms | Facebook, Twitter, YouTube, LinkedIn |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | IG Trading Account, Limited Risk Account, Islamic Account (Dubai traders only), Demo Account |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💵 Minimum Deposit | 0 USD / 0 XAF |
| 📈 Trading Assets | Forex, Indices, Shares, Commodities, Cryptocurrencies, Futures, Options |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IG is a multi-regulated and multi-asset online broker with one of the highest trust scores in Cameroon | The minimum deposit is very high |
| IG offers a variety of account types and trading platforms | There are deposit fees |
| Cameroon traders can use a variety of trading strategies when they join IG | The Islamic account is only available to Dubai traders |
| Islamic traders can open Islamic accounts | There is a limited selection of payment methods for deposits and withdrawals |
| Beginners have access to the IG Academy | There are currency conversions if Cameroon traders deposit in CFA Francs |
| Advanced traders can expect a variety of advanced and sophisticated trading tools |
5. Markets.com
Markets.com has earned a reputation for its low minimum deposits, diverse markets, and extensive selection of trading platforms compatible with multiple devices.
The broker provides email and live chat support 24 hours a day, five days a week. Although Markets.com is not locally regulated by the BEAC in Cameroon, a number of regional organisations regulate it.
Overall Rating
- 4.7/5
Min Deposit
100 USD / 59,837 XAF
Regulators
ASIC, CySEC, FSCA, FCA, BVI FSC
Trading Desk
MarketsX, Marketsi, MetaTrader 4, MetaTrader 5, MarketsX App
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Client accounts are maintained separately from company funds, and other fair and secure industry regulations are adhered to stringently.
Markets.com is able to offer precisely tailored products to consumers in multiple countries, including Cameroon, due to its sheer size. Markets.com also offers negative balance protection. The maximum permitted leverage ratio is 1:300.
Market.com Overview
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC, FSCA, FCA, BVI FSC |
| 📱 Social Media Platforms | LinkedIn, Facebook, Twitter, YouTube |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | MarketsX Account, Marketsi Account |
| 💻 Trading Platforms | MarketsX, Marketsi, MetaTrader 4, MetaTrader 5, MarketsX App |
| 💵 Minimum Deposit | 100 USD / 59,837 XAF |
| 📈 Trading Assets | Shares, Bonds, Cryptocurrencies, Forex, Primary CFDs, ETFs, Indices, Blends, Commodities |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Markets.com provides robust trading platforms on multiple devices | Cameroonian traders cannot set XAF as their base account currency |
| Commission-free trading is available | There are no local deposit or withdrawal methods available to Cameroonian traders |
| Advanced traders have access to a variety of trading tools | An inactivity fee is charged on dormant accounts |
| Markets.com is well regulated by a number of reputable entities | The commission structure on the Share Dealing account can be very confusing to novice traders. |
| Spreads are tight and competitive | |
| A wide range of tradable financial instruments is available | |
| Markets.com guarantees client funds and provides investor protection | |
| Dedicated and prompt customer service is provided to Cameroonian traders |
6. Axi
Axi is a forex broker with an average level of risk, regulated by five entities across three categories. As a broker established by traders for traders, it offers narrow spreads, minimal slippage, and swift execution speeds.
It is a customer-oriented broker that places a premium on integrity and fairness. Its 24-hour customer service and stringently regulated trading environment provide merchants with a high level of security and confidence.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 XAF
Regulators
ASIC, SVG, FCA, FMA, DFSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Axi strives to employ cutting-edge, user-friendly trading technologies that improve the efficiency and adaptability of the services they offer. A dedicated account manager is always available to guide clients.
Axi has a maximum high leverage ratio of 1:500 and is ranked among the top 50 forex brokers that accept Cameroonian traders.
Axi Overview
| Feature | Information |
| ⚖️ Regulation | ASIC, SVG, FCA, FMA, DFSA |
| 📱 Social Media Platforms | LinkedIn, Facebook, Twitter, Telegram |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Standard Account, Pro Account, Elite Account, Demo Account, Islamic Account |
| 💻 Trading Platforms | MetaTrader 4 |
| 💵 Minimum Deposit | 0 USD / 0 XAF |
| 📈 Trading Assets | Forex, Share CFDs, Indices, Commodities, Oil, Precious Metals, Cryptocurrency CFDs, CFDs |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Axi is multi-regulated, with three Tier-1, one Tier-2, and one Tier-3 regulation | An inactivity fee is applied to inactive accounts |
| MetaTrader 4 is available on multiple devices, with extensions such as AutoChartist, MyFXBook, and others. | Deposit and withdrawal fees are levied |
| Cameroonian traders have access to local payment providers and can make deposits and withdrawals in XAF | Only one trading platform is supported |
| Axi offers novice traders access to a comprehensive trading academy where they can learn how to trade and refine their trading skills. | The demo account is only available for 30 days |
| There are no account fees levied to Cameroonian who open an account. | There is no trading account designated in XAF |
| Social trading opportunities are available |
7. Pepperstone
Pepperstone is one of Cameroon’s most highly regarded high-leverage forex brokers. It has an outstanding reputation for customer care and third-party platform selection. This company, founded in 2010 and based in Australia, offers CFD and forex trading in Cameroon.
Pepperstone Markets provides online trading services to over 170 countries and facilitates large-ticket trading by institutions. It is capable of handling multiple order loads, feeding larger orders into a liquidity aggregator, and channels approximately $8.3 billion per day.
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 XAF
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade
Crypto
Yes
Total Pairs
90+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone ranks among the top ten CFD and forex brokers servicing Cameroonian traders. Pepperstone provides leverage ratios as high as 1:400.
Pepperstone Overview
| Feature | Information |
| ⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📱 Social Media Platforms | Facebook, Twitter, YouTube, LinkedIn |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Standard Account, Razor Account, Professional Account, Demo Account, Islamic Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade |
| 💵 Minimum Deposit | 0 USD / 0 XAF |
| 📈 Trading Assets | Forex, Indices, Shares, Commodities, Cryptocurrencies, Futures, Options |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone Markets is well-regulated in several regions of the globe | There is no XAF-denominated trading account for Cameroonian traders |
| Pepperstone Markets is one of the largest CFD and forex brokers and provides client fund security and investor protection | Fixed spreads are not available |
| Pepperstone Markets accommodates Cameroonian traders and offers local deposit and withdrawal options. | The Islamic Account incurs additional fees |
| Trading accounts offer competitive trading conditions | Regional restrictions apply to the Islamic Account, and traders must provide proof of residency before their account conversion is approved |
| A variety of trading platforms are available across devices | |
| Social trading opportunities are available | |
| Negative balance protection is provided for retail accounts | |
| A comprehensive affiliate programme is available |
How to choose a high-leverage Forex broker in Cameroon
Cameroonian traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Cameroonians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirements, commissions and spreads, initial deposits, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Cameroonians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments that the broker offers. Cameroonians must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor and Cameroonians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Cameroonian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
eBooks
Trading guides
Trading knowledge on leveraged products
A risk warning on complex instruments
Educational videos
Research can include some of the following:
Trading tools
Commentary
Status of International Markets
Price movements
Market sentiments
Whether there is a volatile market
Exchange Rates
Expert opinions and several other resources can help experienced traders make informed trading decisions.
How to trade Forex with high leverage in Cameroon
Forex trading, in comparison to other trading instruments, allows for far larger leverage ratios. The availability of larger ratios might be extremely profitable or harmful. As a result, it is critical to understand the fundamentals of high-leverage forex trading.
Leverage is essentially a tool that allows a trader to borrow money from a broker in order to enhance the size of a trading investment. This strategy increases the potential profit from any currency transaction, but it can also result in catastrophic losses.
A trader must hold an initial margin in his or her account in order to qualify for high-leverage trading. In a leverage ratio of 1:100, for example, a trader would need to put up $1000 to obtain the leveraged amount of $100,000.
While high-leverage forex brokers can generate big profits, markets going in the wrong direction can greatly magnify losses. Stop loss orders should be placed by your forex broker in this instance to avoid catastrophic losses.
In general, a high-leverage trading position should be set up to limit potential losses to 3%. However, experienced traders can exceed this risk parameter. High-leverage risks can be reduced in a properly managed account.
Benefits of trading with high leverage
Traders can significantly raise their investment amount by leveraging their initial margins.
In favourable market movements, returns can be enormously increased.
Drawbacks of trading with high leverage
Excessive leverage might result in increased costs placed on a trader’s margins.
In volatile market conditions, overly leveraged trading might result in significant losses.
The Best Forex Brokers in Cameroon
Best High Leverage MetaTrader 4 / MT4 Forex Broker in Cameroon
Overall Rating
- 4.9/5
Min Deposit
10 USD / 5,983 XAF
Regulators
FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
Trading Desk
MT4, MT5, Exness Terminal, Exness Trader app
Crypto
Yes
Total Pairs
100+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Exness is the best high-leverage MetaTrader 4 broker in Cameroon. Exness regulation record with a number of different authorities and its high leverage ratios make it a broker that many people want to work with. Exness is perfect for Cameroonians because it has customer service that’s available 24/7.
Best High Leverage MetaTrader 5 / MT5 Forex Broker in Cameroon
Overall Rating
- 4.9/5
Min Deposit
100 USD / 59,837 XAF
Regulators
CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
Trading Desk
AvaTradeGO, AvaOptions, AvaSocial, MT4, MT5, DupliTrade, ZuluTrade
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, AvaTrade is the best high-leverage MetaTrader 5 broker in Cameroon. AvaTrade is a well-regulated broker with over 1,250 trading products in a variety of financial markets. AvaTrade has good trading conditions, especially for traders from Cameroon.
Best High Leverage Forex Broker for beginners in Cameroon
Overall Rating
- 4.9/5
Min Deposit
5 USD / 2,991 XAF
Regulators
FSCA, IFSC, ASIC, CySEC, DFSA
Trading Desk
MetaTrader 4, MetaTrader 5, XM Mobile App
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, XM is the best high-leverage forex broker for beginners in Cameroon. XM is open to many different styles of trading but it is especially friendly to traders who are just starting out. XM offers a wide range of tools for learning and study of Forex trading.
Best High Leverage Minimum Deposit Forex Broker in Cameroon
Overall Rating
- 4.7/5
Min Deposit
5 USD / 2,991 XAF
Regulators
FSC, FSCA
Trading Desk
MetaTrader4, MetaTrader5, Alpari Mobile App
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Alpari is the best minimum deposit high-leverage broker in Cameroon. Traders in Cameroon can use local choices to deposit and withdraw money from Alpari. Spreads are tight and commissions are low at Alpari. Alpari also gives you the chance to copy trade and has its own trading app.
Best High Leverage ECN Forex Broker in Cameroon
Overall Rating
- 4.9/5
Min Deposit
200 USD / 119,675 XAF
Regulators
ASIC, CySEC, FSA in Seychelles, and SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader
Crypto
Yes
Total Pairs
75
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, IC Markets is the best high-leverage ECN forex broker in Cameroon. IC Markets is one of the few ECN traders that has been tried and tested. Hedging, scalping, and a lot of other strategies are allowed, and there are low trade fees, demo accounts, and accounts that follow Islamic law at IC Markets.
Best High Leverage Islamic / Swap-Free Forex Broker in Cameroon
Overall Rating
- 3.8/5
Min Deposit
20 USD / 12,000 XAF
Regulators
FSRA, FSC
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
150+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Exinity is the best high-leverage Islamic/swap-free forex broker in Cameroon. Exinity is well-run, has a good reputation, and offers security against having a negative balance.
Best High Leverage XAF Trading Account Forex Broker in Cameroon
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 XAF
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, Duplitrade
Crypto
Yes
Total Pairs
90+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Pepperstone is the best high-leverage XAF trading account broker in Cameroon. With Pepperstone Cameroonian traders can deposit and withdraw money using local methods. Along with the social trade features, there is also a full affiliate programme at Pepperstone.
Best High Leverage Lowest Spread Forex Broker in Cameroon
Overall Rating
- 4.7/5
Min Deposit
100 USD / 59,837 XAF
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Tickmill is the high leverage lowest spread forex broker in Cameroon. Tickmill is one of the lowest-cost brokers in the business and has a lot of strategies that are supported. Tickmill gives you a variety of ways to deposit into your account and you can trade without paying any fees.
Conclusion
Overall high leverage currency brokers in Cameroon provide leverage ratios that have been tested for use in currency markets.
High-leverage trading makes far bigger quantities of money available to forex traders via broker credit. This role has both significant benefits and drawbacks.
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Frequently Asked Questions
Is high leverage good for Forex trading in Cameroon?
Forex traders should select the level of leverage that is most comfortable for them. If you are conservative and prefer not to take many risks, or if you are still learning how to trade currencies, a lesser degree of leverage, such as 5:1 or 10:1, may be more suitable.
Which leverage is good for $100?
According to many skilled traders, the ideal leverage for $100 is 1:100. This implies your broker will offer you $100 for every $100 you trade, allowing you to trade up to $100,000. This is not to say that a leverage ratio of 1:100 will not expose you to risk.
Does leverage affect profit?
Brokerage accounts enable leveraged trading via margin trading, with the broker providing the borrowed funds. Leverage is frequently used by forex traders to profit from relatively tiny price fluctuations in currency pairs. Leverage, on the other hand, can magnify both gains and losses.
Does leverage increase profit?
Leverage is a tactic for increasing investment power by borrowing money. An investor borrows money to undertake an investment, and the profits from the venture are used to repay the loan. Leverage can increase possible returns while also increasing potential losses.
What is the safest leverage in Forex?
A leverage ratio of 5:1/10:1 may be appropriate for conservative or new investors. Leverages may be as high as 50:1 or even 100:1 or more for seasoned investors who are less risk-averse.
Are high-leverage forex brokers suitable for beginners?
For novice traders, it is advisable to select brokers that offer flexible leverage options. This enables beginners to commence with lower levels of leverage, establishing a safer and more controlled trading environment. While high leverage provides opportunities for profits, it also escalates the risk of significant losses.
