Kwakol Markets vs AZAforex
Kwakol Markets | AZAforex |
---|---|
0.8
Kwakol Markets is #13 in our CFD broker rankings.
Kwakol have recently frozen a large number of accounts with little or no reason given to clients. This has included removing the ability to make withdrawals. We cannot advise joining Kwakol at this time.
|
2
AZAforex is #8 in our binary options broker rankings. |
Traders from US accepted |
Traders from US accepted |
Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of day trading assets are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades. |
AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS. |
Comment by Reviewer | |
"Kwakol Markets is a good option for newer traders with a dedicated learning academy, copy trading and a choice of reliable charting platforms. New clients can also sign up and start trading in four straightforward steps." | "AZAforex is best for active forex traders looking for ECN pricing with high leverage up to 1:1000 and a sophisticated trading platform." |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, Crypto | CFDs, Forex, Stocks, Cryptos, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1 | $1 |
Trading Platforms | |
|
|
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.00001 Lots |
Regulator | |
ASIC, FINTRAC | |
Margin Trading | |
Yes | Yes |
STP Account | |
Yes | No |
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 | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Mobile Apps | |
iOS & Android | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
Kwakol Invest continues to offer straightforward copy trading, connecting newbies with experienced traders. The leaderboard makes it easier to find suitable strategy providers with insights into the number of followers, total returns and more. You also only pay a fee on profitable positions, making the service more affordable than some competitors. | |
Social Trading | |
No | No |
VPS Hosting | |
No | Yes |
Tournaments | |
Yes | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$10 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
|
|
Stock Exchanges | |
Commodities | |
CFD Trading | |
CFDs are available on a breadth of underlying assets, including stocks, indices, commodities, forex and cryptos. High leverage up to 1:500 is available alongside a 0.01 minimum lot size and award-winning software. For the tightest spreads from 0 pips, opt for the Premium account. | Trade 200+ CFDs with leverage up to 1:1000 on a powerful proprietary platform. Asset classes include stocks, forex and crypto with ECN execution. You can bet on rising and falling prices with leveraged CFDs. |
Leverage | |
1:1000 | 1:1000 |
FTSE Spread | |
0.8 | Variable |
GBPUSD Spread | |
0.8 | Variable |
Oil Spread | |
0.8 | Variable |
Stocks Spread | |
0.8 | Variable |
Forex Trading | |
Kwakol Markets offers a wider range of forex pairs than most competitors, with 90+ assets available. Users get fast execution speeds and competitive spreads through the ECN model. On the negative side, not all currency pairs are available on MT4. | Trade 49 major, minor and exotic currency pairs with fixed spreads or ECN pricing with no dealing desk intervention and a low starting deposit. You can analyze the currency markets using the broker's in-house trading platform. |
GBPUSD Spread | |
0.8 | Variable |
EURUSD Spread | |
0.8 | Variable |
EURGBP Spread | |
0.8 | Variable |
Assets | |
90+ | 72 |
Cryptocurrency | |
You can trade cryptos against cryptos, fiat currencies, and even metals like gold. This separates the broker from many alternatives that only offer cryptos paired with the USD. Additionally, with high leverage up to 1:20, Kwakol Markets is a top choice for crypto day traders. | Invest in 10 popular cryptos such as Bitcoin and Ethereum. A choice of six crypto account base currencies are available plus a welcome bonus for new traders. |
Spread | |
From 0.8 pips (Standard Account) | Variable |
Coins | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Binary options trading not offered | AZAforex offers binary options with time-dependent payouts that can be taken out on any asset included as a CFD or spot instrument. Over 50 binary options are available with a $1 minimum stake and payouts up to 190%. |
Payout | |
190% | |
Ladder Options | |
No | No |
Boundary Options | |
No | No |
More Comparisons | |
Kwakol Markets vs |
AZAforex vs |