Finq.com vs Kwakol Markets

Finq.com vs Kwakol Markets Comparison Table 2023
Finq.com Kwakol Markets
WINNER
Kwakol Markets is the better broker
3.4
United States Flag Traders from US not accepted
2.4
United States Flag Traders from US accepted
Finq.com is an online CFD trading broker offering 2100+ assets on a proprietary WebTrader terminal and MetaTrader 4. Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
Pros
  • Up to 1:300 leverage
  • 24/5 customer support
  • 2100+ financial instruments
  • Negative balance protection
  • Free deposits and withdrawals
  • Joining bonuses and loyalty rewards
  • Demo account
  • Copy trading
  • MT4 integration
  • Full range of investments
Cons
  • No MetaTrader 5 platform
  • Limited regulatory oversight
  • Narrow range of trading tools
Awards
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
Bonus
$50 Welcome Bonus
Instruments
Shares, forex, commodities, indices, bonds, cryptocurrencies, ETFs CFDs, Stocks, Indices, Commodities, Forex, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $1
Payment Methods
Minimum Trade
0.01 lots 0.01 Lots
Regulator
FSA ASIC, FINTRAC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
Yes No
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android & Windows iOS & Android
Auto Trading
EAs (MT4) EAs
Copy Trading
No Yes
Copy Trading Platform
Kwakol Invest offers straightforward copy trading, connecting newbies with experienced traders. Clients only pay a fee on profitable trades.
Social Trading
No No
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$25 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • INR
  • ZAR
  • CHF
  • RUB
  • USD
Stock Exchanges
Commodities
CFD Trading
Finq.com offers highly leveraged CFD products on traditional financial markets. Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts.
Leverage
1:300 1:1000
FTSE Spread
2.0 pts From 0.8 pips (Standard Account)
GBPUSD Spread<
0.20 pips From 0.8 pips (Standard Account)
Oil Spread
3.0 pips From 0.8 pips (Standard Account)
Stocks Spread
<0.25% From 0.8 pips (Standard Account)
Forex Trading
Forex trading is offered on 55 pairs, with spreads from 1 pip on standard accounts and from 0.8 pips on the classic ECN account. Trade forex with ECN executions and tight spreads.
GBPUSD Spread
From 0.2 pips From 0.8 pips (Standard Account)
EURUSD Spread
From 0.1 pips From 0.8 pips (Standard Account)
EURGBP Spread
From 0.2 pips From 0.8 pips (Standard Account)
Assets
55 100
Cryptocurrency
Finq offers tight spreads on leading cryptocurrencies with 1:2 leverage. Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold.
Spread
From 0.8 pips From 0.8 pips (Standard Account)
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • DASH
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Finq.com
vs
Kwakol Markets
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