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Forex Brokers Cameroon

11 Best No-Deposit Bonus Brokers in Cameroon

The 11 Best No Deposit Forex Bonus Brokers in Cameroon revealed. We tested and verified the best no-deposit forex brokers for Cameroon Traders.

This is a complete list of forex brokers with a no-deposit bonus in Cameroon.

In this in-depth guide you’ll learn:

  • What is a No Deposit Bonus Broker
  • Which brokers offer the best no-deposit bonus to Cameroon Traders?
  • Withdrawable no deposit bonus – explained.
  • How to Choose the Right No-Deposit Broker? 
  • How to Maximise the Benefits of No-Deposit Bonuses?
  • Which broker is best for beginner Cameroon traders?


And lots more…

So if you’re ready to go “all in” with the best-tested No Deposit Bonus Forex Brokers for Cameroon

Let’s dive right in…

Updated : April 19, 2024

11 Best Forex No-Deposit Brokers in Cameroon

🥇 Broker🎉 Open An Account💵 Bonus Amount ⚖️ Regulation🛍 Trading Accounts Offered💻 Trading Platforms
1. XM Open Account30 USD / 18,090 XAFFSCA, IFSC, ASIC, CySEC, DFSAMicro
Standard
XM Ultra-Low
Shares
MetaTrader 4
MetaTrader 5
XM Mobile App
2. Tickmill Open Account30 USD / 18,090 XAFSeychelles FSA, FCA, CySEC, Labuan FSA, FSCAClassic
Pro
VIP
MetaTrader 4
MetaTrader 5
3. JustMarkets Open Account30 USD / 18,090 XAFFSAStandard
Pro
Raw Spread
MetaTrader 4
MetaTrader 5
JustMarkets App
4. InstaForex Open Account1,000 USD / 603,001 XAFBVI FSC, CySEC, FSA SVG, FCAInsta.Standard
Insta.Eurica
Cent.Standard
Cent.Eurica
MetaTrader 4
MetaTrader 5
WebIFX
InstaForex Multi-Terminal
InstaForex WebTrader
InstaTick Trader
InstaForex MobileTrader
5. Admirals Open Account100 USD / 60,300 XAFFCA, ASIC, CySEC, JSC, FSCA, FSA, CMATrade.MT4
Zero.MT4
Trade.MT5
Invest.MT5
Zero.MT5
MetaTrader 4
MetaTrader 5
Admirals Mobile App
6. Windsor Brokers Open Account30 USD / 18,090 XAFFSC, CySEC, JSC, FSA, CMAMT4 Zero
MT4 Prime
VIP ZERO
MetaTrader 4
Windsor Brokers App
7. FBS Open Account100 USD / 60,300 XAFIFSC, CySEC, ASIC, FSCACent
Micro
Standard
Zero
ECN
Crypto
FBS Trader
MetaTrader 4
MetaTrader 5
CopyTrade Platform
8. ForexChiefOpen Account100 USD / 60,300 XAFVFSAMT4.DirectFX
MT4.Classic+
Pamm-MT4.DirectFX
Pamm.MT4.Classic+
Cent-MT4.DirectFX
Cent-MT4.Classic
MT5.DirectFX
MT5.Classic+
Pamm-MT5.DirectFX
Pamm.MT5.Classic+
Cent-MT5.DirectFX
Cent-MT5.Classic
MetaTrader 4
MetaTrader 5
9. FreshForex Open Account99 USD / 59,697 XAFSVG FSAClassic
Market Pro
ECN
MetaTrader 4
MetaTrader 5
10. SuperForex Open Account88 USD / 53,064 XAFNoneStandard
Swap-Free
No Spread
Micro Cent
Profi STP
Crypto
ECN Standard
ECN Standard Mini
ECN Swap-Free
ECN Swap-Free Mini
ECN Crypto
MetaTrader 4
SuperForex App
11. Forex.eeOpen Account15 USD / 9,045 XAFNoneSTP
Basic ECN
Advanced ECN
Premium ECN
Crypto
MetaTrader 4

10 Best Forex Brokers in Cameroon

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

CySEC, FSA, FCA, FSC, FSCA, CMA

$10

#2

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#3

Read Review

CySEC, ASIC, FSCA

$100

#4

Read Review

FSA, CySEC, FSCA, FSC

$1

#5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

$0

#6

Read Review

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

#7

Read Review

FSCA, FSC, FSA

$10

#8

Read Review

FSC, DFSA, CySEC, ASIC, CMA

$5

#9

Read Review

SVGFSA

$5

#10

Read Review

FSCA, FSA

$5

#1

$10

Minimum Deposit

#2

$100

Minimum Deposit

#3

$100

Minimum Deposit

#4

$1

Minimum Deposit

#5

$0

Minimum Deposit

#6

$10

Minimum Deposit

#7

$10

Minimum Deposit

#8

$5

Minimum Deposit

#9

$5

Minimum Deposit

#10

$5

Minimum Deposit

What is a No Deposit Bonus Broker? 

A no-deposit forex incentive is a promotion forex brokers offer to entice new traders. It is essentially no-deposit trading capital that is provided to traders. This form of bonus enables traders to enter the forex market without incurring any initial financial risk.

11 Best Forex No-Deposit Bonus Brokers in Cameroon (2024)

  1. XM – Overall, Best Forex No-Deposit Broker in Cameroon
  2. Tickmill – Well-Regulated in Several Regions
  3. JustMarkets – Offers Online Trading Services for Financial Products
  4. InstaForex – Offers Commission-Free Trading
  5. Admirals – Innovative Mobile Trading App
  6. Windsor Brokers – All Funds Funds Are Kept in Segregated Accounts
  7. FBS – Many Social Trading Opportunities
  8. ForexChief – Expert Personal Customer Service for Clients
  9. FreshForex – Offers Trade Execution Speeds
  10. SuperForex – Provides User-Friendly Trading Software
  11. Forex.ee – Innovative Mobile Trading App

1. XM 

XM review

 

XM is a reputable broker providing new clients with a $30 no-deposit bonus. The bonus is automatically credited without requiring any deposit. However, traders need to trade at least 5 standard lots to withdraw the bonus and any profits made.  

 

Overall Rating

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

 

However, Cameroonians must note that this bonus is unavailable to clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd. 

 

XM Overview

FeatureInformation
⚖️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA
📱 Social Media PlatformsFacebook, Twitter, YouTube, Instagram, LinkedIn
🌐 BEAC Regulation?No
🔎 Trading AccountsMicro Account
Standard Account
XM Ultra-Low Account
Shares Account
💻 Trading PlatformsMetaTrader 4
MetaTrader 5
XM Mobile App
💵 Minimum Deposit5 USD / 2,991 XAF
📈 Trading AssetsForex
Cryptocurrencies
Stock CFDs
Commodities
Equity Indices
Precious Metals
Energies
Individual Shares
📊 Minimum spreadFrom 0.0 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

XM - no-deposit

 

Pros and Cons

✔️ Pros❌ Cons
XM offers multiple account types and flexible leverageInactivity fees apply to dormant live accounts
Traders can benefit from a range of research and educational resourcesHas fewer financial instruments that can be traded than competitors
Cameroonians can expect competitive spreads and low feesThere is no XAF-denominated account, subjecting traders to currency conversion fees
There are several powerful, innovative trading platforms, including MetaTrader
XM provides negative balance protection and ensures segregated client funds

 

2. Tickmill 

Tickmill review

 

Tickmill offers a $30 Welcome Account to all new clients. Opening the Welcome Account is a simple process; any profit earned from trading is entirely withdrawable.  

 

Overall Rating

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

 

Tickmill offers various trading instruments, including Forex, Stock Indices, Commodities, and Bonds. To withdraw the profits from the Welcome Account, traders must complete 5 standard lots and 20 round turn trades.

 

Tickmill Overview

FeatureInformation
⚖️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube, LinkedIn, Telegram
🌐 BEAC Regulation?No
🔎 Trading AccountsPro Account, Classic Account, VIP Account
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
💵 Minimum Deposit100 USD / 59,837 XAF
📈 Trading AssetsForex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies
📊 Minimum spreadFrom 0.0 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

Tickmill - no-deposit

 

Pros and Cons

✔️ Pros❌ Cons
Tickmill charges low spreads and competitive pricing on the VIP AccountThe Classic Account is expensive, making it difficult for beginners to start trading
Tickmill has fast trade execution and reliable platformsLimited cryptocurrency CFDs
Tickmill is dedicated to ensuring that requotes and slippage are minimisedThere is no 24/7 customer support
Regulated by reputable authorities
Scalping and hedging strategies are allowed

 

3. JustMarkets 

JustMarkets review

 

JustMarkets provides Cameroonian traders with a $30 Welcome Bonus through their special “Welcome Account.” This bonus is available to new clients only and cannot be accessed by existing clients.  

 

Each client is limited to opening one Welcome account and receiving the $30 bonus once. Opening multiple bonus accounts, even for relatives, is strictly prohibited.  

 

Overall Rating

Min Deposit

10 USD / 6,030 XAF

Regulators

FSA

Trading Desk

MetaTrader 4, MetaTrader 5, JustMarkets App

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

To obtain the bonus, traders must register a Back Office account and open a Welcome account, after which the bonus funds will be automatically credited. The Welcome Account allows trading in forex currency pairs and metals, denominated in USD, with a maximum order volume of 0.01 lot. 

 

JustMarkets Overview

FeatureInformation
⚖️ RegulationFSA
📱 Social Media PlatformsFacebook, Instagram, Telegram, LinkedIn, X
🌐 BEAC Regulation?No
🔎 Trading AccountsStandard
Pro
Raw Spread
💻 Trading PlatformsMetaTrader 4
MetaTrader 5
JustMarkets App
💵 Minimum Deposit10 USD / 6,030 XAF
📈 Trading AssetsIndices, Energies, Forex, Metals, Cryptocurrencies, Shares, Futures
📊 Minimum spread0.3 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

JustMarkets - no-deposit

 

Pros and Cons

✔️ Pros❌ Cons
The broker requires an ultra-low minimum deposit of $10There is a lack of Tier-1 and Tier-2 regulations
They offer a free demo account across trading platformsJustMarkets has a low trust score because of its lack of Tier-1 regulations
There are zero-pip spreads on more premium accounts, with competitive commission fees
Traders can use MetaTrader 4 and 5 across devices, including mobile, desktop, and web browsers

 

4. InstaForex 

Instaforex review

 

InstaForex offers a generous $1000 no-deposit bonus for new clients. Once the account verification process is completed, the bonus is automatically credited to the account. 

 

Overall Rating

Min Deposit

1 USD / 603 XAF

Regulators

BVI FSC, CySEC, FSA SVG, FCA

Trading Desk

Insta.Standard
Insta.Eurica
Cent.Standard
Cent.Eurica

Crypto

Yes

Total Pairs

107+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

However, the bonus itself cannot be withdrawn and expires when the first withdrawal of funds is made. Nonetheless, any profits over the bonus amount can be withdrawn without restrictions. 

 

InstaForex Overview

FeatureInformation
⚖️ RegulationBVI FSC, CySEC, FSA SVG, FCA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube, LinkedIn
🌐 BEAC Regulation?No
🔎 Trading AccountsInsta.Standard
Insta.Eurica
Cent.Standard
Cent.Eurica
💻 Trading PlatformsMetaTrader 4
MetaTrader 5
WebIFX
InstaForex Multi-Terminal
InstaForex WebTrader
InstaTick Trader
InstaForex MobileTrader
💵 Minimum Deposit1 USD / 603 XAF
📈 Trading AssetsForex, Metals, Crypto, Energies, Indices, Stocks
📊 Minimum spreadfrom 0 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

InstaForex

 

Pros and Cons

✔️ Pros❌ Cons
The $1,000 is extremely generousThe bonus is non-withdrawable and will expire when traders make their first withdrawal
Traders can withdraw profits they make over the bonus amountAccount verification can be complex
Indonesians can access a large range of trading tools and education
Offers powerful trading software

 

5. Admirals 

Admirals review

 

Admiral Markets offers a 100 USD “Special Bonus” for traders in Cameroon. This bonus is valid for 30 days after an Admirals’ representative sends it.  

 

Furthermore, it cannot be transferred and is limited to the trader who receives the offer. The bonus provides extra trading funds by increasing the available margin, but it cannot be used to cover trading losses. 

 

Overall Rating

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

 

Each trading account can have only one active bonus at a time. Before the bonus can be withdrawn or transferred internally, traders must meet the minimum trading volume requirements. After receiving the bonus, traders have 180 calendar days to fulfil the minimum volume requirement. 

 

Until the trader meets the required trading volume, the bonus funds remain the property of Admirals. 

 

Admirals Overview

FeatureInformation
⚖️ RegulationFCA, ASIC, CySEC, JSC, FSCA, FSA, CMA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube, LinkedIn
🌐 BEAC Regulation?No
🔎 Trading AccountsTrade.MT4
Zero.MT4
Trade.MT5
Invest.MT5
Zero.MT5
💻 Trading PlatformsMetaTrader 4
MetaTrader 5
Admirals Mobile App
💵 Minimum Deposit1 USD / 603 XAF
📈 Trading AssetsForex, Metals, Crypto, Energies, Indices, Stocks
📊 Minimum spreadFrom 0.0 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

Admirals

 

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.
Muslim traders can benefit from the availability of a Swap-Free account, adhering to Islamic finance principles.

 

6. Windsor Brokers

Windsor Brokers review 

Windsor Brokers presents a $30 no-deposit bonus for new clients. The process to acquire the bonus is straightforward.  

 

Overall Rating

Min Deposit

50 USD / 30,150 XAF

Regulators

FSC, CySEC, JSC, FSA, CMA

Trading Desk

“MetaTrader 4
Windsor Brokers App”

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

After applying for a $30 FREE account and completing the registration steps, the account will be credited with the free trading credit once approved. This promotion is exclusively available to new clients with Prime Accounts denominated in USD, EUR, GBP, or JPY currencies.

 

Windsor Brokers Overview

FeatureInformation
⚖️ RegulationFSC, CySEC, JSC, FSA, CMA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube
🌐 BEAC Regulation?No
🔎 Trading AccountsMT4 Zero
MT4 Prime
VIP ZERO
💻 Trading PlatformsMetaTrader 4
Windsor Brokers App
💵 Minimum Deposit50 USD / 30,150 XAF
📈 Trading AssetsForex, Metals, Crypto, Energies, Indices, Stocks
📊 Minimum spread0 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

Windsor Brokers

 

Pros and Cons

✔️ Pros❌ Cons
Windsor Brokers is a trusted broker with robust customer supportThe bonus is limited to new Prime Accounts
There is a 30 USD no-deposit bonus offered to all new live trading accountsThere are limited trading platforms compared to other brokers
Traders can register a multi-currency account

 

7. FBS 

FBS review

 

FBS offers a no-deposit bonus of $100 for first-time traders in Cameroon. However, traders must note that the bonus amount cannot be withdrawn. Traders can withdraw their profit from trading activities, excluding the initial $100 bonus.  

 

For example, if a trader receives a $100 free bonus, engages in active trading for 30 days, and their account balance reaches $350 after trading more than 5 lots, they can withdraw $250 as profit. 

 

Overall Rating

Min Deposit

1 USD / 603 XAF

Regulators

IFSC, CySEC, ASIC

Trading Desk

MT4, MT5, FBS Trader, CopyTrade Platform

Crypto

Yes

Total Pairs

36

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The key rules for the FBS bonus are as follows: 

➡️ Traders must execute at least 5 lots in trades. 

➡️ A minimum of 30 active trading days is required. Please note that weekends are not considered active trading days. 

➡️ Expert Advisors (EAs) are not allowed to be used. 

➡️ Traders can only trade with positions ranging from 0.01 (1 micro lot) to 5 positions. 

➡️ The price difference between opening and closing trades must be at least 100 pips. 

➡️ The bonus is available exclusively on the MT5 platform. 

➡️ The order volume is 0.01 lot, and the maximum withdrawal amount is $100. 

➡️ Traders must accumulate 30 active trading days, defined as days when an order was opened or closed, to be eligible for withdrawal. 

 

FBS Overview

FeatureInformation
⚖️ RegulationIFSC, CySEC, ASIC
📱 Social Media PlatformsFacebook, X (Formerly Twitter), Telegram, Instagram, YouTube
🌐 BEAC Regulation?No
🔎 Trading AccountsCent Account, Standard Account, Pro Account
💻 Trading PlatformsFBS Trader
MetaTrader 4
MetaTrader 5
CopyTrade Platform
💵 Minimum Deposit1 USD / 603 XAF
📈 Trading AssetsForex
Precious Metals
Indices
Energies
Stocks
Exotic Forex
Cryptocurrencies
📊 Minimum spread0.0 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

FBS

 

Pros and Cons

✔️ Pros❌ Cons
Several account types and flexible leverageThere is an extremely limited range of tradable instruments
Cameroonians can expect user-friendly platforms and mobile tradingTraders will find mixed customer reviews from previous and existing clients
Traders can expect competitive spreads and low minimum deposits from FBS
There are various payment options and fast withdrawals
FBS is known for offering various bonuses and promotions to clients

 

8. ForexChief 

Forex Chief review

 

ForexChief presents a valuable opportunity for traders with a $100 no-deposit bonus. This bonus is an excellent means to evaluate the company’s services and your chosen trading strategy.  

 

Once you complete the account verification process, the bonus will be automatically credited to the ForexChief mobile application. 

 

Overall Rating

Min Deposit

10 USD / 6,030 XAF

Regulators

VFSA

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

150+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Here are the key advantages of the ForexChief No Deposit Bonus for Cameroonians: 

➡️ No requirement to deposit your funds into the trading account. 

➡️ Swift verification process to receive the bonus. 

➡️ Upon successful verification, $100 will be automatically credited to the mobile app. 

➡️ The No Deposit Bonus has an unlimited duration. 

➡️ Once the required turnover is completed, you can withdraw the $100 bonus with no restrictions. 

➡️ All trading strategies and robots are accepted. 

➡️ To obtain the bonus, you must sign up and open a trading account, complete the verification process, install the Android app, and fulfil the necessary trading turnover to withdraw the $100 bonus. 

➡️ Withdrawal of profits can be made once the trading turnover on the account reaches USD 10,000,000. The trading turnover for each order is calculated as the sum of two transactions: one for opening the order and one for closing it. 

➡️ The maximum profit that can be withdrawn after meeting the turnover conditions is $100. All funds, including the bonus itself, will be debited from the account when making the first profit withdrawal. 

 

ForexChief Overview

FeatureInformation
⚖️ RegulationVFSA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube, LinkedIn, Telegram
🌐 BEAC Regulation?No
🔎 Trading Accounts“MT4.DirectFX
MT4.Classic+
Pamm-MT4.DirectFX
Pamm.MT4.Classic+
Cent-MT4.DirectFX
Cent-MT4.Classic
MT5.DirectFX
MT5.Classic+
Pamm-MT5.DirectFX
Pamm.MT5.Classic+
Cent-MT5.DirectFX
Cent-MT5.Classic “
💻 Trading PlatformsMT4, MT5
💵 Minimum Deposit10 USD / 6,030 XAF
📈 Trading AssetsForex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies
📊 Minimum spreadfrom 0.9 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

ForexChief

 

Pros and Cons

high-security levelsupport service only works 24/5
favorable trading conditions, bonuses, and affiliate programsthe platform is inconvenient for scalping
few features for passive trading

9. FreshForex 

Forex Chief review

 

FreshForex offers a generous no-deposit bonus of 99 USD. As per their terms, Cameroonians must save the profit they earn. The maximum duration for using the company funds is 7 calendar days.  

 

Cameroonians can preserve their profit by funding their account during this period. The deposit amount must equal or exceed the profit obtained with the bonus.  

 

Overall Rating

Min Deposit

0 USD / 0 XAF

Regulators

SVG ,FSA

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

52+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

For instance, if the profit earned using bonus funds amounts to 200 USD, the account must be funded with at least 200 USD to secure the profit. If the account is funded with an amount lower than the profit, only a partial profit will be saved.

 

FreshForex Overview

FeatureInformation
⚖️ RegulationSVG ,FSA
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube
🌐 BEAC Regulation?No
🔎 Trading Accounts“MT4.DirectFX
MT4.Classic+
Pamm-MT4.DirectFX
Pamm.MT4.Classic+
Cent-MT4.DirectFX
Cent-MT4.Classic
MT5.DirectFX
MT5.Classic+
Pamm-MT5.DirectFX
Pamm.MT5.Classic+
Cent-MT5.DirectFX
Cent-MT5.Classic “
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
💵 Minimum Deposit0 USD / 0 XAF
📈 Trading AssetsForex, Index CFDs, Commodities, Cryptocurrencies
📊 Minimum spread0 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

FreshForex

 

Pros and Cons

✔️ Pros❌ Cons
FreshForex has competitive trading conditions and decent leverage ratiosThere is a limited 7-day period tied to the bonus
FreshForex has prompt and friendly customer supportTraders must deposit or exceed the deposit with profits to keep it
Indonesians can earn a 99 USD no-deposit bonus when they register an account

 

10. SuperForex

SuperForex offers a no-deposit bonus of 88 USD. All account categories provided by SuperForex, including client accounts, partnership accounts, and Multi-Level partnerships, are governed by their respective legal agreements (terms of service). 

 

The SuperForex Super No Deposit Bonus Agreement offers new clients an 88 USD bonus without requiring a deposit. The bonus is fixed and available to all eligible clients. It has no set expiration date, allowing clients to utilise it if they adhere to the terms and conditions.  

 

Overall Rating

Min Deposit

1 USD / 603 XAF

Regulators

None

Trading Desk

“MetaTrader 4
SuperForex App “

Crypto

Yes

Total Pairs

300

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Clients can receive the bonus twice, with the first bonus credited within two business days of approval and the second bonus instantly if the client deposits more than $10 in a single transaction.  

 

Furthermore, the bonus cannot be withdrawn, but any profits from it can be withdrawn, subject to specific restrictions. 

 

SuperForex Overview

FeatureInformation
⚖️ RegulationNone
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube
🌐 BEAC Regulation?No
🔎 Trading AccountsStandard
Swap-Free
No Spread
Micro Cent
Profi STP
Crypto
ECN Standard
ECN Standard Mini
ECN Swap-Free
ECN Swap-Free Mini
ECN Crypto
💻 Trading PlatformsMetaTrader 4
SuperForex App
💵 Minimum Deposit1 USD / 603 XAF
📈 Trading AssetsForex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies
📊 Minimum spread0.5pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

SuperForex

 

Pros and Cons

✔️ Pros❌ Cons
SuperForex is a trusted broker with robust customer supportThe bonus is limited to new Prime Accounts
There is a 30 USD no-deposit bonus offered to all new live trading accountsThere are limited trading platforms compared to other brokers
Traders can register a multi-currency account

 

11. Forex.ee 

Forex.ee review

 

Forex.ee offers a no-deposit bonus of 15 USD, allowing new clients to trade with risk-free credit. This bonus is credited to the applicant’s account after meeting the conditions stated along with the campaign. The maximum withdrawal amount is 15 USD.  

 

Overall Rating

Min Deposit

100 USD / 60,300 XAF

Regulators

None

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The bonus is valid for newbies to experience live trading without having to fund a trading account. However, the promotion is not valid for Indonesian, Bangladeshi, and Nigerian clients. 

 

Forex.ee Overview

FeatureInformation
⚖️ RegulationNone
📱 Social Media PlatformsInstagram, Facebook, Twitter
🌐 BEAC Regulation?No
🔎 Trading AccountsSTP
Basic ECN
Advanced ECN
Premium ECN
Crypto
💻 Trading PlatformsMetaTrader 4
💵 Minimum Deposit100 USD / 60,300 XAF
📈 Trading AssetsForex Currency pairs, CFDs, Cryptocurrencies, Commodities, and Indices
📊 Minimum spreadFrom 0.0 pips
💰 Demo AccountYes
☪️ Islamic AccountYes
🎉 Open AccountOpen Account

 

Forexee

 

Pros and Cons

✔️ Pros❌ Cons
Competitive spreadsNot the best regulation
STP/ECN executionWithdrawal fees

The Basics of Forex No-Deposit Bonuses 

The Basics of Forex No-Deposit Bonuses 

 

Brokers in the competitive foreign exchange market always think of new ways to entice and keep customers.  

 

The no-deposit bonus is one such development that has garnered popularity. This section will examine the fundamentals of forex no-deposit bonuses, including their nature, pros and cons, and operation. 

 

Pros and Cons of Forex No-Deposit Bonuses 

Forex no-deposit promotions have their own set of benefits and drawbacks. On the positive side, they permit trading with minimal risk, assist in maintaining the trading balance with modest funds, and offer the chance to adapt to the live trading environment.  

 

They are especially advantageous for novice traders, who can acquire practical trading experience without risking their own funds. 

 

Nonetheless, there are disadvantages to consider. Brokers frequently impose stringent terms and conditions and limit withdrawals of both profits and the incentive itself, and the free money frequently results in unrealistic expectations and excessive trading. In addition,  

 

Rules and regulations might constrain Cameroonian traders, and they must adhere strictly to the terms and conditions. 

 

How Does a Forex No-Deposit Bonus Work? 

A forex no-deposit compensation operates in a relatively straightforward manner. The no-deposit bonus is deposited into traders’ accounts once they create a live trading account and verify their identity.  

 

This bonus can then be used for trading, but it should be noted that it cannot be promptly withdrawn. 

 

Before the bonus and any profits can be withdrawn, brokers typically impose certain withdrawal requirements. Typically, these conditions require a certain volume or number of transactions.  

 

Before accepting a no-deposit incentive, Cameroonian traders must read and comprehend the terms and conditions, as they can vary between brokers.

How to Choose the Right No-Deposit Broker 

How to Choose the Right No-Deposit Broker 

 

Choosing the appropriate no-deposit broker is a crucial step in forex trading. It can have a substantial effect on your trading experience and profitability.  

 

This section will guide you through the most important factors to consider when selecting a no-deposit broker, including evaluating the broker’s reputation, comprehending the terms and conditions, and assessing the trading platform. 

 

Assess the Broker’s Reputation 

The reputation of a broker is an important consideration. A reputable broker is more likely to provide superior services, greater protection for your funds, and an overall trading experience.  

 

You can evaluate a broker’s reputation by reading online reviews, confirming their regulatory standing, and determining how long they have been in business.  

 

Typically, brokers regulated by reputable authorities are more reliable. In addition, brokers who have been in business for a long time are likely to be more trustworthy than those who are comparatively new to the industry. 

 

Understand the Terms and Conditions 

Before registering with a broker, Cameroonian traders must comprehend their terms and conditions, particularly those on no-deposit bonuses. These provisions typically include volume requirements, withdrawal conditions, and trading strategy restrictions.  

 

Before accepting a no-deposit bonus, make sure you thoroughly comprehend these terms. Do not hesitate to contact the broker’s customer service for clarification if anything is unclear. 

 

Evaluate the Trading Platform 

The trading platform is your entry point into the forex market, so selecting a broker that offers a platform that suits your trading requirements and preferences is crucial.  

 

Consider factors such as usability, available trading tools, charting capabilities, trade execution speed and reliability.  

 

Numerous brokers offer demo accounts that enable you to test their platform before investing real money. This is an excellent method to determine if the platform suits you.

How to Maximise the Benefits of No-Deposit Bonuses 

How to Maximise the Benefits of No-Deposit Bonuses 

 

No-deposit bonuses can be an excellent method to get started in forex trading. To genuinely maximise their benefits, however, a strategic approach is required. This section will instruct you on creating a trading strategy, effectively managing risks, and continually learning and adapting. 

 

Develop a Trading Strategy 

When utilising a no-deposit bonus, a robust trading strategy is essential. This strategy should inform your trading decisions and assist you in achieving your trading objectives.  

 

It should include the currency pairings you will trade, timeframes, indicators, and the conditions under which you will enter and exit trades.  

 

Furthermore, remember that the purpose of a no-deposit bonus is not only to generate profits but also to acquire trading experience and knowledge of the forex market. 

 

Manage the Risks Effectively 

Risk management is an essential aspect of foreign exchange trading. Even when trading with a no-deposit promotion, it is essential to manage your risks to avoid incurring significant losses effectively.  

 

This involves using stop-loss orders to limit potential losses, judicious use of leverage, and not jeopardising too much of your bonus on any one trade. Additionally, avoiding the temptation to overtrade is essential simply because you are trading with an incentive. 

 

Continuously Learn and Adapt 

The foreign exchange market is dynamic and ever-changing. It is crucial to continue learning and adapting to these changes to maximise the benefits of a no-deposit incentive.  

 

This may entail keeping up with the latest forex news, learning new trading strategies and tools, and perpetually evaluating and enhancing your trading performance. Remember that the purpose of a no-deposit incentive is not only to generate profits but also to improve your trading skills. 

The Best Forex Brokers in Cameroon 

In this article, we have listed the best brokers offering forex trading to Cameroon traders. In addition, we have further identified the brokers that offer additional services and solutions to Cameroonian traders. 

 

Best MetaTrader 4 / MT4 Forex Broker in Cameroon 

Overall Rating

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

 

Overall, Axi is the best MT4 forex broker in Cameroon. Axi provides Cameroonians access to MetaTrader 4 and its inventive NexGen platform, providing correlation traders with an intuitive terminal window, an automated trade journal, and more. 

 

Best MetaTrader 5 / MT5 Forex Broker in Cameroon 

Overall Rating

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 MetaTrader 5 forex broker in Cameroon. AvaTrade gives Cameroonian traders who open an MT5 account access to over 1,260 financial instruments, including CFDs on Indices.  

 

In addition, traders can trade multiple instruments commission-free and at competitive spreads. 

 

Best Forex Broker for beginners in Cameroon 

Overall Rating

Min Deposit

0 USD / 0 XAF

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, HFM is the best forex broker for beginners in Cameroon. Cameroonians can anticipate a world-class education with HFM, which includes videos, articles, guides, webinars, and more. In addition, HFM provides dedicated customer service and a free demo account to novices. 

 

Best ECN Forex Broker in Cameroon 

Overall Rating

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 ECN forex broker in Cameroon. Exness is renowned for its trustworthy and quick ECN execution. In addition, Cameroonians can anticipate zero-pip spreads on significant instruments such as the EUR/USD and incredibly low commission fees. 

 

Best Islamic / Swap-Free Forex Broker in Cameroon 

Overall Rating

Min Deposit

100 USD / 59,837 XAF

Regulators

ASIC, CySEC 

Trading Desk

MetaTrader 4, MetaTrader 5, WebTrader, Myfxbook AutoTrade, FP Markets App

Crypto

Yes

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Overall, FP Markets is the best Islamic / Swap-Free forex broker in Cameroon. Cameroonian Muslim traders who open a Raw Islamic Account with FP Markets can anticipate EUR/USD spreads as low as 1 point, commission-free trading, and access to robust trading platforms. 

Conclusion

Overall Forex no-deposit brokers provide Cameroonian traders with a one-of-a-kind opportunity to access the forex market with no initial investment.

 

According to our research, these brokers are gaining popularity in Cameroon as they provide a platform for traders to gain experience, test strategies, and potentially generate profits without exposing their capital.

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Frequently Asked Questions

What is a Forex no-deposit bonus? 

A no-deposit Forex incentive is a promotion in which brokers provide traders with free funds without requiring a deposit. It enables traders to experience live trading conditions without risking their own money. 

 

How does a Forex no-deposit bonus work? 

The broker deposits the no-deposit incentive once a trader activates a live account on a platform. Traders can then use this bonus to understand live trading conditions and experiment with various options without jeopardising their capital. 

 

Can I withdraw a Forex no deposit bonus immediately? 

No, brokers typically stipulate conditions that must be fulfilled before withdrawing the bonus and any associated profits. Frequently, these conditions entail trading a specific volume. 

 

What is a deposit bonus in Forex trading? 

A deposit bonus is an additional amount applied to a trader’s account following their initial deposit. Typically, the incentive amount is proportional to the size of the initial deposit. 

 

What are the advantages of Forex no-deposit bonuses? 

Forex no-deposit bonuses permit trading with minimal risk, assist in maintaining the trading balance with modest funds, and provide the opportunity to adjust to the live trading environment. 

 

Are there any disadvantages to Forex’s no-deposit bonuses? 

Yes, brokers frequently impose stringent terms and withdrawal restrictions, and the free money frequently leads to greater expectations and the trading of deposit incentives. 

 

Are all currency pairs eligible for trading with a Forex no-deposit bonus? 

Not often. Certain brokers may restrict certain currency pairings.  

 

Are Forex no-deposit bonuses available to all nationalities? 

Not always; some brokers will restrict incentive eligibility based on nationality.  

 

How can I find the best Forex bonus? 

Researching, perusing reviews, examining payment methods, and comprehending the terms and conditions are methods for locating the best Forex bonus. 

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