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Scam Forex Brokers in 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…
- Kayla Duvenage
11 Best Forex No-Deposit Brokers in Cameroon
| 🥇 Broker | 🎉 Open An Account | 💵 Bonus Amount | ⚖️ Regulation | 🛍 Trading Accounts Offered | 💻 Trading Platforms |
| 1. XM | Open Account | 30 USD / 18,090 XAF | FSCA, IFSC, ASIC, CySEC, DFSA | Micro Standard XM Ultra-Low Shares | MetaTrader 4 MetaTrader 5 XM Mobile App |
| 2. Tickmill | Open Account | 30 USD / 18,090 XAF | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA | Classic Pro VIP | MetaTrader 4 MetaTrader 5 |
| 3. JustMarkets | Open Account | 30 USD / 18,090 XAF | FSA | Standard Pro Raw Spread | MetaTrader 4 MetaTrader 5 JustMarkets App |
| 4. InstaForex | Open Account | 1,000 USD / 603,001 XAF | BVI FSC, CySEC, FSA SVG, FCA | Insta.Standard Insta.Eurica Cent.Standard Cent.Eurica | MetaTrader 4 MetaTrader 5 WebIFX InstaForex Multi-Terminal InstaForex WebTrader InstaTick Trader InstaForex MobileTrader |
| 5. Admirals | Open Account | 100 USD / 60,300 XAF | FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA | Trade.MT4 Zero.MT4 Trade.MT5 Invest.MT5 Zero.MT5 | MetaTrader 4 MetaTrader 5 Admirals Mobile App |
| 6. Windsor Brokers | Open Account | 30 USD / 18,090 XAF | FSC, CySEC, JSC, FSA, CMA | MT4 Zero MT4 Prime VIP ZERO | MetaTrader 4 Windsor Brokers App |
| 7. FBS | Open Account | 100 USD / 60,300 XAF | IFSC, CySEC, ASIC, FSCA | Cent Micro Standard Zero ECN Crypto | FBS Trader MetaTrader 4 MetaTrader 5 CopyTrade Platform |
| 8. ForexChief | Open Account | 100 USD / 60,300 XAF | VFSA | 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 | MetaTrader 4 MetaTrader 5 |
| 9. FreshForex | Open Account | 99 USD / 59,697 XAF | SVG FSA | Classic Market Pro ECN | MetaTrader 4 MetaTrader 5 |
| 10. SuperForex | Open Account | 88 USD / 53,064 XAF | None | Standard 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.ee | Open Account | 15 USD / 9,045 XAF | None | STP Basic ECN Advanced ECN Premium ECN Crypto | MetaTrader 4 |
10 Best Forex Brokers in Cameroon
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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)
- XM – Overall, Best Forex No-Deposit Broker in Cameroon
- Tickmill – Well-Regulated in Several Regions
- JustMarkets – Offers Online Trading Services for Financial Products
- InstaForex – Offers Commission-Free Trading
- Admirals – Innovative Mobile Trading App
- Windsor Brokers – All Funds Funds Are Kept in Segregated Accounts
- FBS – Many Social Trading Opportunities
- ForexChief – Expert Personal Customer Service for Clients
- FreshForex – Offers Trade Execution Speeds
- SuperForex – Provides User-Friendly Trading Software
- Forex.ee – Innovative Mobile Trading App
1. XM
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
- 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
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
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📱 Social Media Platforms | Facebook, Twitter, YouTube, Instagram, LinkedIn |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Micro Account Standard Account XM Ultra-Low Account Shares Account |
| 💻 Trading Platforms | MetaTrader 4 MetaTrader 5 XM Mobile App |
| 💵 Minimum Deposit | 5 USD / 2,991 XAF |
| 📈 Trading Assets | Forex Cryptocurrencies Stock CFDs Commodities Equity Indices Precious Metals Energies Individual Shares |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XM offers multiple account types and flexible leverage | Inactivity fees apply to dormant live accounts |
| Traders can benefit from a range of research and educational resources | Has fewer financial instruments that can be traded than competitors |
| Cameroonians can expect competitive spreads and low fees | There 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 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
- 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
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
| Feature | Information |
| ⚖️ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn, Telegram |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Pro Account, Classic Account, VIP Account |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 💵 Minimum Deposit | 100 USD / 59,837 XAF |
| 📈 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill charges low spreads and competitive pricing on the VIP Account | The Classic Account is expensive, making it difficult for beginners to start trading |
| Tickmill has fast trade execution and reliable platforms | Limited cryptocurrency CFDs |
| Tickmill is dedicated to ensuring that requotes and slippage are minimised | There is no 24/7 customer support |
| Regulated by reputable authorities | |
| Scalping and hedging strategies are allowed |
3. JustMarkets
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
- 4.4/5
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
| Feature | Information |
| ⚖️ Regulation | FSA |
| 📱 Social Media Platforms | Facebook, Instagram, Telegram, LinkedIn, X |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Standard Pro Raw Spread |
| 💻 Trading Platforms | MetaTrader 4 MetaTrader 5 JustMarkets App |
| 💵 Minimum Deposit | 10 USD / 6,030 XAF |
| 📈 Trading Assets | Indices, Energies, Forex, Metals, Cryptocurrencies, Shares, Futures |
| 📊 Minimum spread | 0.3 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker requires an ultra-low minimum deposit of $10 | There is a lack of Tier-1 and Tier-2 regulations |
| They offer a free demo account across trading platforms | JustMarkets 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 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 Crypto Yes Total Pairs 107+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Insta.Eurica
Cent.Standard
Cent.Eurica
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
| Feature | Information |
| ⚖️ Regulation | BVI FSC, CySEC, FSA SVG, FCA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Insta.Standard Insta.Eurica Cent.Standard Cent.Eurica |
| 💻 Trading Platforms | MetaTrader 4 MetaTrader 5 WebIFX InstaForex Multi-Terminal InstaForex WebTrader InstaTick Trader InstaForex MobileTrader |
| 💵 Minimum Deposit | 1 USD / 603 XAF |
| 📈 Trading Assets | Forex, Metals, Crypto, Energies, Indices, Stocks |
| 📊 Minimum spread | from 0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The $1,000 is extremely generous | The bonus is non-withdrawable and will expire when traders make their first withdrawal |
| Traders can withdraw profits they make over the bonus amount | Account verification can be complex |
| Indonesians can access a large range of trading tools and education | |
| Offers powerful trading software |
5. Admirals
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
- 4.7/5
Min Deposit
1 USD / 597 XAF
Regulators
FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5, Admirals Mobile App
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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
| Feature | Information |
| ⚖️ Regulation | FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Trade.MT4 Zero.MT4 Trade.MT5 Invest.MT5 Zero.MT5 |
| 💻 Trading Platforms | MetaTrader 4 MetaTrader 5 Admirals Mobile App |
| 💵 Minimum Deposit | 1 USD / 603 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 |
| 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 presents a $30 no-deposit bonus for new clients. The process to acquire the bonus is straightforward.
Overall Rating
- 4.7/5
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
| Feature | Information |
| ⚖️ Regulation | FSC, CySEC, JSC, FSA, CMA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | MT4 Zero MT4 Prime VIP ZERO |
| 💻 Trading Platforms | MetaTrader 4 Windsor Brokers App |
| 💵 Minimum Deposit | 50 USD / 30,150 XAF |
| 📈 Trading Assets | Forex, Metals, Crypto, Energies, Indices, Stocks |
| 📊 Minimum spread | 0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Windsor Brokers is a trusted broker with robust customer support | The bonus is limited to new Prime Accounts |
| There is a 30 USD no-deposit bonus offered to all new live trading accounts | There are limited trading platforms compared to other brokers |
| Traders can register a multi-currency account |
7. FBS
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
- 4.7/5
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
| Feature | Information |
| ⚖️ Regulation | IFSC, CySEC, ASIC |
| 📱 Social Media Platforms | Facebook, X (Formerly Twitter), Telegram, Instagram, YouTube |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Cent Account, Standard Account, Pro Account |
| 💻 Trading Platforms | FBS Trader MetaTrader 4 MetaTrader 5 CopyTrade Platform |
| 💵 Minimum Deposit | 1 USD / 603 XAF |
| 📈 Trading Assets | Forex Precious Metals Indices Energies Stocks Exotic Forex Cryptocurrencies |
| 📊 Minimum spread | 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Several account types and flexible leverage | There is an extremely limited range of tradable instruments |
| Cameroonians can expect user-friendly platforms and mobile trading | Traders 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
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
- 4.2/5
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
| Feature | Information |
| ⚖️ Regulation | VFSA |
| 📱 Social Media Platforms | Instagram, 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 Platforms | MT4, MT5 |
| 💵 Minimum Deposit | 10 USD / 6,030 XAF |
| 📈 Trading Assets | Forex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies |
| 📊 Minimum spread | from 0.9 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| high-security level | support service only works 24/5 |
| favorable trading conditions, bonuses, and affiliate programs | the platform is inconvenient for scalping |
| few features for passive trading |
9. FreshForex
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
- 4.3/5
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
| Feature | Information |
| ⚖️ Regulation | SVG ,FSA |
| 📱 Social Media Platforms | Instagram, 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 Platforms | MetaTrader 4, MetaTrader 5 |
| 💵 Minimum Deposit | 0 USD / 0 XAF |
| 📈 Trading Assets | Forex, Index CFDs, Commodities, Cryptocurrencies |
| 📊 Minimum spread | 0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FreshForex has competitive trading conditions and decent leverage ratios | There is a limited 7-day period tied to the bonus |
| FreshForex has prompt and friendly customer support | Traders 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
- 4.5/5
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
| Feature | Information |
| ⚖️ Regulation | None |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | Standard Swap-Free No Spread Micro Cent Profi STP Crypto ECN Standard ECN Standard Mini ECN Swap-Free ECN Swap-Free Mini ECN Crypto |
| 💻 Trading Platforms | MetaTrader 4 SuperForex App |
| 💵 Minimum Deposit | 1 USD / 603 XAF |
| 📈 Trading Assets | Forex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies |
| 📊 Minimum spread | 0.5pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| SuperForex is a trusted broker with robust customer support | The bonus is limited to new Prime Accounts |
| There is a 30 USD no-deposit bonus offered to all new live trading accounts | There are limited trading platforms compared to other brokers |
| Traders can register a multi-currency account |
11. Forex.ee
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
- 3.6/5
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
| Feature | Information |
| ⚖️ Regulation | None |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter |
| 🌐 BEAC Regulation? | No |
| 🔎 Trading Accounts | STP Basic ECN Advanced ECN Premium ECN Crypto |
| 💻 Trading Platforms | MetaTrader 4 |
| 💵 Minimum Deposit | 100 USD / 60,300 XAF |
| 📈 Trading Assets | Forex Currency pairs, CFDs, Cryptocurrencies, Commodities, and Indices |
| 📊 Minimum spread | From 0.0 pips |
| 💰 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🎉 Open Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Competitive spreads | Not the best regulation |
| STP/ECN execution | Withdrawal fees |
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
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
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
- 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
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
- 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 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
- 4.8/5
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
- 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 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
- 4.7/5
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.
