In this guide, we go over the best international online brokers in Cameroon. We analyzed and researched hundreds of brokers, based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.
Top Online Brokers in Cameroon
- Interactive Brokers comes in first as the best broker in Cameroon. Founded in 1978. Best Market Access.
- XTB is in second. Best CFD Broker in Cameroon.
- Capital.com comes in third. Commission Free Real Stocks. Educational Content and Research.
- OANDA is in fourth place. Great User-Friendly Platform.
- Admiral Markets finishes the list. Best MetaTrader Platform.
Best Online Trading Platforms in Cameroon
|Trading Platform||Our Score||Information||Minimum Deposit|
|#1||Interactive Brokers||4.9||International Broker With Wide Market Access.||$0|
|#4||XTB||4.8||Great CFD Broker.||$250|
|#3||Capital.com||4.8||Wide Range Of Products. Zero Commission Real Stocks.||$20|
|#2||OANDA||4.7||Access to Wide Variety of Markets||$0|
|#5||Admiral Markets||4.7||Good Forex and CFD Broker. MetaTrader Platform.||$100|
How to pick an online trading platform?
When picking a platform you should consider the following factors:
- Overall great service
- Fees & Commissions
- Range of Products
- Account Opening Process
- Deposits & Withdrawals
Read below, where we breakdown the top Stock Brokers in Cameroon, starting with our best-rated Interactive Brokers.
Interactive Brokers – Best Overall in Cameroon
Interactive Brokers is the best option for traders in Cameroon. IBKR is a well-known worldwide broker formed in 1978 that offers a wide range of high-quality services to its clients with a $0 minimum deposit. This NASDAQ-listed company is one of the most reputable international brokers in the United States and many other countries, including Cameroon.
IBKR allows its clients access to a wide range of markets globally in 135 markets in 33 countries.
IBKR holds licenses from top-tier regulatory authorities, ensuring they operate in accordance to the legislation.
We highly recommend IBKR for traders who want to trade a huge range of assets at low rates while also taking advantage of a variety of advanced research tools. Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.
They just released Global Trader, which is their brand new intuitive and easy to use platform.
XTB – Great CFD Broker
XTB is an established CFD broker offering access to over 2100 global markets. XTB is a broker founded in 2002 with offices in London and Warsaw. Their platform and mobile app are easy-to-use and their education is top-notch. They have over 450,000 customers worldwide, and offer fast and qualified customer support.
It is a secure online broker, regulated by a number of well-known authorities around the world, including the tier-1 UK Financial Conduct Authority (FCA). Finally, XTB makes its financial records public on its website, further enhancing its trustworthiness.
Capital.com – Wide Range Of Products
Capital.com is a great CFD broker, founded in 2016. It is well regulated and offers a wide range of markets. The company is regulated by FCA, FSA, CySEC, ASIC and NBRB.
They offer low spreads, great order execution, a great educational app and research. Capital.com operates with high security standards. Their platform is easy to use with great tools. Capital.com offers Commodities, Indices, Cryptocurrencies, Shares, Forex, and ETFs.
When it comes to educational content, research, and platforms, Capital.com comes out on top. Capital.com has some great educational resources, like articles, videos, and a comprehensive training program, which is ideal for inexperienced traders who are just getting started.
OANDA – User-Friendly Platform
OANDA is a great option for you if you want to enjoy a user-friendly platform and comprehensive market analysis. It’s a well-known international broker that was founded in 1996 and is noted for its flagship fxTrade, which is easy to use and offers high-quality market research and charting. OANDA provides both forex and CFD traders with the features they need to successfully navigate the markets, including daily articles, research tools, and podcasts. Plus, OANDA has a strong regulatory history and supports third-party features.
Admiral Markets – Best MetaTrader Broker
Admiral Markets gained a lot of popularity as a well-regulated broker around the world since its foundation in 2001. The company offers its clients an easy and quick account opening process, as well as a good range of account types to choose from. You’ll also enjoy Admiral Markets' MT4 and MT5 platforms, which provide you access to both basic and advanced trading tools.
Admiral Markets definitely stands out compared to other MetaTrader-only brokers that offer no other services. They provide extra tools and extensive research, such as Premium Analytics, which gives you access to Trading Central, Dow Jones News, and Acuity Trading.
Online Trading and Regulation in Cameroon
Online trading in Cameroon is gaining more and more attention from the ambitious residents of the country, and in order for the trading process to be both safe and successful, it needs to be overseen by the financial regulator(s) in this country. The Conférence Internationale des Marchés d'Assurances (CIMA) and Central African Banking Commission (COBAC) are the financial regulatory bodies in Cameroon.
To learn more about the CIMA, you can visit its official website: https://cima-afrique.org/?lang=en, or its webpage on Wikipedia.
To learn more about the COBAC, you can visit its official website: http://www.sgcobac.org/, or its webpage on Wikipedia.
We hope you found all the details you needed in our guide. We took into account every possible detail of all renowned brokers, such as fees, payment methods, regulatory bodies, commission charges, to provide you with the best options. Just to recap, here are the best online brokers in Cameroon:
|Interactive Brokers||XTB||Capital.com||OANDA||Admiral Markets|
|Mobile App Score||4.9||4.8||4.9||4.8||4.7|
|Trading Platform Score||4.8||4.8||4.9||4.7||4.7|
|Offering Of Investments Score||5.0||4.6||4.8||4.7||4.5|