In this article I will highlight the Best Online brokers & trading platforms in Cameroon, concentrating on reliable and regulated platforms for novice and advanced traders.
For your convenience, these platforms have affordable fees, support forex, stocks, or cryptocurrency, and provide local deposit methods alongside strong customer support. Continue reading to learn how to choose a broker that best matches your trading style.
Key Points & Best Online Brokers & Trading Platforms In Cameroon List
| Broker/Platform | Key Features |
|---|---|
| XM | Regulated by multiple authorities; low minimum deposit ($5); MT4/MT5 support |
| Exness | Tight spreads; instant withdrawals; local deposit options |
| HotForex (HFM) | Strong regulatory compliance; offers PAMM accounts; MT4/MT5 platforms |
| FXTM (ForexTime) | Localized services in Africa; copy trading; flexible leverage |
| IC Markets | ECN broker; ultra-low spreads; ideal for scalpers and algorithmic traders |
| OctaFX | Low-cost trading; bonus offers; MT4/MT5 and copy trading features |
| AvaTrade | Well-regulated globally; fixed and floating spreads; supports AvaSocial |
| Deriv | Synthetic indices trading; user-friendly platform (DTrader, SmartTrader) |
| IG Markets | Globally renowned; extensive educational tools; wide range of assets |
| Interactive Brokers | Advanced tools; access to global markets; ideal for professional traders |
10 Best Online Brokers & Trading Platforms In Cameroon
1.XM
XM stands out as a premier broker and trading platform in Cameroon, renowned for its global standing and services tailored for ease of use. Its minimum deposit of only \$5 makes it very beginner friendly.
XM’s compatible trading platforms, MetaTrader 4 and 5, allow trading in forex, commodities, and indices. The broker enjoys top tier regulatory licenses which guarantees safety for the traders.
For traders in Cameroon, XM stands out due to its partners because of its online courses, demo accounts, 24/7 customer service in many different languages, and the different levels of experience and skill it caters to.
| Feature | Details |
|---|---|
| Regulation | CySEC, ASIC, IFSC |
| Minimum Deposit | $5 |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Assets Offered | Forex, Stocks, Commodities, Indices, Crypto |
| Leverage | Up to 1:888 (varies by region) |
| Account Types | Micro, Standard, Ultra Low |
| Deposit Methods | Bank Transfer, E-wallets, Credit Cards |
| Local Support | Multilingual, includes French |
| Educational Resources | Webinars, Tutorials, Daily Analysis |
2.Exness
Exness is an online broker and trading platform for the Cameroon market. It provides CFD brokerage services on currencies, stocks, indices, commodities, and cryptocurrency trading. Exness has some of the best trading conditions with spreads from 0.0 pips, a low minimum deposit of $10, and near-instant withdrawal processing.
In-country funding through MTN Mobile Money, Orange Money, and bank wire transfer provides convenient deposit and withdrawal services. There are multiple account types available including Standard, Raw Spread, Zero, Pro, and Cent accounts.
Traders can use MT4 and MT5, Exness Trader mobile app, WebTrader, or Exness Terminal. Exness is known for its strong customer support and great trading conditions also offers reputable educational materials making it easy for traders from Cameroon to access advanced trading tools.
| Feature | Details |
|---|---|
| Regulation | CySEC, FCA, FSCA |
| Minimum Deposit | $10 (Standard), $500 (Pro) |
| Trading Platforms | MetaTrader 4, MetaTrader 5, WebTerminal |
| Assets Offered | Forex, Metals, Crypto, Indices, Stocks |
| Leverage | Up to 1:Unlimited (based on balance) |
| Account Types | Standard, Raw Spread, Zero, Pro |
| Deposit Methods | Mobile Money, Bank Transfer, Crypto |
| Withdrawal Time | Instant for many methods |
| Local Language Support | French & English |
3.HotForex (HFM)
HotForex (HFM) is an online broker that is well-known all over the world. They are an online broker that is trusted by Cameroonian traders because they are regulated by FCA, CySEC, FSCA, DFSA, and CMA which guarantees a safe trading environment .
HFM was founded in 2010 and has since been offering different account types in the form of Micro, Premium, Zero Spread, HFCopy, and PAMM. Most of these accounts can be opened with no deposit or a deposit of just $5, making it beginner friendly while also catering to experienced traders .
With fast (24 hours) and commission free withdrawals and deposits, tight spreads from 0 pips on Zero accounts, high leverage (region dependent) of 1:2000, HFM really stands out in the market.
| Feature | Details |
|---|---|
| Regulation | FCA, DFSA, FSCA, CySEC, CMA |
| Minimum Deposit | $5 |
| Trading Platforms | MT4, MT5, HFM App |
| Assets Offered | Forex, Commodities, Indices, Shares, Bonds |
| Leverage | Up to 1:2000 |
| Account Types | Micro, Premium, Zero, HFCopy, PAMM |
| Withdrawal Time | 24 hours average |
| Copy Trading | Yes (HFCopy) |
| Customer Support | 24/5, multilingual |
4.FXTM (ForexTime)
Among Cameroonian traders, FXTM (ForexTime) is recognized as one of the leading online brokers and trading platforms due to its extensive and safe trading options. Having tier-1 regulators like FCA, CYSEC, FSCA, and FSC Mauritius allows FXTM to sustain industry trust and ensures protection for traders’ funds.
Traders can choose from account types like Micro, Advantage, Advantage Plus, and Islamic swap-free options, where international users enjoy competitive ECN execution spreads starting at 0.0 pips and leverage up to 1:2000.
For a minimum deposit of approximately 10 USD, traders can access fast withdrawals through local e-wallets and global payment systems.
Supported trading platforms include MT4 and MT5, FXTM Trader mobile app, WebTrader, alongside comprehensive educational material, trading tools, market analyses, and multilingual 24/5 support—making FXTM tailored for both beginner and active traders from Cameroon.
| Feature | Details |
|---|---|
| Regulation | FCA, CySEC, FSCA, FSC Mauritius |
| Minimum Deposit | $10 (Micro), $500+ (ECN) |
| Trading Platforms | MT4, MT5, FXTM Trader App |
| Assets Offered | Forex, Metals, Commodities, Indices, Stocks |
| Leverage | Up to 1:2000 |
| Account Types | Micro, Advantage, Advantage Plus |
| Local Payment Options | E-wallets, Cards, Local Bank |
| Copy Trading | Yes (FXTM Invest) |
| Language Support | French & English |
5.IC Markets
IC Markets is one of the best ECN brokers in the world available to traders in Cameroon. It offers spreads as low as 0.0–0.1 pips, quick order execution, and uses MetaTrader 4, MetaTrader 5, cTrader, Web Trader, and TradingView as supported platforms.
In addition to these services, IC Markets also offers trading Forex, Commodities, Stocks, Indices, Crypto, and ETFs with over 2,150 instruments at your disposal.
Since IC Markets is regulated by high reputation bodies like ASIC and CySEC, it offers great services with impressive liquidity and world-class 24-7 customer service.
| Feature | Details |
|---|---|
| Regulation | ASIC, CySEC, FSA Seychelles |
| Minimum Deposit | $200 |
| Trading Platforms | MT4, MT5, cTrader, WebTrader, TradingView |
| Assets Offered | Forex, Crypto, Stocks, ETFs, Indices |
| Leverage | Up to 1:500 |
| Execution | True ECN, Raw Spreads |
| Account Types | Standard, Raw Spread, cTrader |
| Withdrawal Speed | 24 hours or less |
| Customer Support | 24/7 Live Chat |
6.OctaFX
Including Cameroonian traders, all of Africa is able to take advantage of OctaFX, an internationally recognized ECN/STP broker. Their terminal suite includes MetaTrader 4 & 5, cTrader, and OctaTrader, which is tailored for beginners yet still useful for more advanced traders.
It is incredibly easy to start trading with them as the minimum deposit is just $25, and they offer high leverage of up to 1000:1, zero commissions for trades or withdrawals, and spreads starting from 0.6 pips.
Their customer service is tailored for the African market and includes multilingual support, separate English, French, Arabic, and even Swahili. Other than that, they offer copy trading and deposit/withdraw bonus promos.
| Feature | Details |
|---|---|
| Regulation | CySEC (EU), FSA (SVG) |
| Minimum Deposit | $25 |
| Trading Platforms | MT4, MT5, cTrader, OctaTrader |
| Assets Offered | Forex, Indices, Metals, Crypto |
| Leverage | Up to 1:500 |
| Account Types | MT4 Fixed, MT5 ECN |
| Copy Trading | Yes |
| Bonuses | 50% Deposit Bonus |
| Local Language Support | French |
7.AvaTrade
AvaTrade welcomes traders from Cameroon with an easy-to-use and well-regulated platform for forex and CFD trading. With regulation from the Central Bank of Ireland, ASIC (Australia), JFSA (Japan), FSCA and BVI FSC, AvaTrade’s security and protection of funds is strong.
A forex trading account can be opened with a minimum deposit of USD 100 (≈ 59,800 XAF). Traders enjoy access to ultra-low spreads (from ~0.0 pips) and negative-balance protection.
In addition to over 55 forex trading pairs, users can trade other instruments including commodities, indices, stocks, cryptocurrencies, bonds, ETFs, and options.
Using MT4, MT5, AvaTradeGO, AvaOptions, and mobile apps, clients can copy trade through DupliTrade and ZuluTrade. Other educational services, 24/5 customer support in multiple languages, and comprehensive risk management tools such as AvaProtect are also provided by the broker.
| Feature | Details |
|---|---|
| Regulation | ASIC, FSCA, BVI FSC, Central Bank of Ireland |
| Minimum Deposit | $100 |
| Trading Platforms | MT4, MT5, AvaTradeGO, AvaOptions |
| Assets Offered | Forex, Crypto, Indices, Stocks, ETFs |
| Leverage | Up to 1:400 |
| Risk Management Tools | AvaProtect |
| Copy Trading | Yes (ZuluTrade, DupliTrade) |
| Education | Rich educational material |
| Customer Support | 24/5 Multilingual |
8.Deriv
Deriv (formerly Binary.com) provides Cameroonian traders with forex, commodity trading, cryptocurrencies, as well as their unique synthetic indices like the Volatility Indices which can be traded 24/7.
For manual, automated, or mobile trading, traders can select from Deriv MT5, DTrader, Deriv GO, and DBot. With multilingual support available around the clock, and a low minimum deposit of $5-10 and high leverage, access is easy for many people.
However, proprietary products like synthetic indices are concerning. Reported problems and potential issues with stop-loss orders have raised concerns among users. Moreover, the lack of top-tier jurisdictions for regulation, such as Malta, Vanuatu, Labuan, and BVI remains worrying.
| Feature | Details |
|---|---|
| Regulation | MFSA, BVI, Vanuatu, Labuan |
| Minimum Deposit | $5–$10 |
| Trading Platforms | Deriv MT5, DTrader, DBot, Deriv GO |
| Assets Offered | Forex, Synthetic Indices, Crypto, Commodities |
| Leverage | Up to 1:1000 |
| Unique Offering | 24/7 Synthetic Indices |
| Copy Trading | No |
| Account Types | Standard, Synthetic |
| Local Language Support | Yes (French & English) |
9.IG Markets
IG Markets, a subsidiary of the IG Group established in 1974, offers over 17,000 financial instruments including forex, indices, commodities, stocks, ETFs, bonds, cryptocurrencies, options, and futures to traders in Cameroon.
Their top-tier FCA, ASIC, CySEC, FSCA, MAS, CFTC, NFA, among others, licenses guarantee ample client protection, negative balance and other risk protection measures. With IG’s MT4, ProRealTime, L2 Dealer, and FIX API, traders have access to advanced tools.
Many regions have no deposit restrictions, and spreads for forex start from around 0.6 pips. IG provides educational and research materials, offers diverse account options like Islamic and demo accounts. Advanced traders will find the vast features useful, but the sophisticated interface could be daunting for novice traders.
| Feature | Details |
|---|---|
| Regulation | FCA, ASIC, CFTC, MAS, FSCA, CySEC |
| Minimum Deposit | No minimum (bank card funding) |
| Trading Platforms | MT4, ProRealTime, IG WebTrader, L2 Dealer |
| Assets Offered | Forex, Crypto, Indices, Shares, Options |
| Leverage | Up to 1:200 (retail), higher for pro |
| Research Tools | Extensive (charts, news, signals) |
| Education | Free online academy, webinars |
| Demo Account | Yes |
10.Interactive Brokers
Interactive Brokers (IBKR) provides Cameroonian traders with low commissions and global access to a wide range of assets including stocks, forex, bonds, options, futures and ETFs. It supports more than 160 international markets and over 23 account base currencies.
Residents of Cameroon are eligible to use IBKR. Its key advantages include advanced trading platforms like Trader Workstation and IBKR Desktop/Mobile
GlobalTrader, fractional share trading with a minimum investment of $1, powerful research tools, and strong risk-management features. It’s tailored for professional investors and seasoned individuals who prefer a global perspective.
| Feature | Details |
|---|---|
| Regulation | SEC, CFTC, FCA, ASIC, IIROC, and others |
| Minimum Deposit | $0 (IBKR Lite), $100–$10,000 (IBKR Pro) |
| Trading Platforms | Trader Workstation, IBKR Desktop, GlobalTrader |
| Assets Offered | Stocks, Options, Futures, Forex, Bonds, ETFs |
| Market Access | 160+ global markets |
| Fractional Shares | Yes |
| Tools & Research | Advanced analytics, screeners |
| Ideal For | Experienced, professional traders |
Conclusion
To summarize, the top online brokers and trading services in Cameroon have a balance of low-cost services, appropriate regulations, and trading tools needed for all trader levels.
XM, Exness, and HotForex support entry-level traders, while IC Markets and Interactive Brokers serve advanced professionals.
Consider prioritizing the level of regulation, available assets, deposit methods, platform tools, local brokerage and trading currency pairs.
FAQ
Can I trade forex legally in Cameroon?
Yes, online trading is legal in Cameroon, but traders should use regulated international brokers for safety.
What is the minimum deposit to start trading?
Many brokers allow starting from as low as $5 to $10, depending on the platform (e.g., XM, Exness).
Are these brokers regulated?
Most listed brokers are regulated by FCA, CySEC, ASIC, or other recognized bodies. Always verify before depositing.