Kwakol Markets vs FBS
Kwakol Markets Review 2023 | FBS Review 2023 |
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4.5
Kwakol Markets is #1 in our CFD broker rankings. |
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4.3
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Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes 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. |
FBS is an award-winning forex and CFD broker based in Cyprus. The broker has a strong global reputation with authorization from the CySEC and ASIC, amongst others regulators. The brand has clients in over 190 countries, attracted by a diverse range of markets, the reputable MetaTrader platforms, plus trading promotions. |
Bonus Offer | |
$100 welcome bonus (only available in certain regions) | |
Promotions | |
Comment by Reviewer | |
"Kwakol Markets is a good option for newer traders with a dedicated learning academy, copy trading and a choice of reliable platforms. New clients can also sign up and start trading in four straightforward steps." | "FBS is a great choice for traders of all experience levels and budgets with a range of account types and access to both MetaTrader 4 and MetaTrader 5." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, Crypto | CFDs, forex, indices, shares, commodities, cryptocurrencies |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1 | $1 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
ASIC, FINTRAC | ASIC, CySEC, IFSC, FSCA |
Margin Trading | |
Yes | Yes |
STP Account | |
Yes | Yes |
ECN Account | |
Yes | Yes |
DMA Account | |
No | No |
MAM Account | |
No | Yes |
PAMM Account | |
No | Yes |
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 | Yes |
Mobile Apps | |
iOS & Android | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
Kwakol Invest offers 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. | |
Social Trading | |
No | No |
Trade Signals | |
MT4 & MT5 | |
VPS Hosting | |
No | Yes |
Tournaments | |
Yes | No |
Demo Competitions | |
No | Yes |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$10 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFDs are available on a breath 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. | Go long or short on an excellent suite of financial markets with leveraged CFDs. Users can choose between three reliable platforms with fast execution, floating spreads from 1 pip and around the clock customer support. |
Leverage | |
1:1000 | 1:30 (EU & Restricted Countries), 1:3000 (Global) |
FTSE Spread | |
From 0.8 pips (Standard Account) | From 0.0 |
GBPUSD Spread | |
From 0.8 pips (Standard Account) | From 0.6 |
Oil Spread | |
From 0.8 pips (Standard Account) | From 0.0 |
Stocks Spread | |
From 0.8 pips (Standard Account) | Variable |
Forex Trading | |
Kwakol Markets offers a wider range of forex pairs than most competitors, with 90+ assets available. Users get fast execution speeds through the ECN model and competitive spreads. On the negative side, not all currency pairs are available on MT4. | Trade 40+ popular majors, minors and exotics with tight spreads. FBS also offers an excellent suite of forex market research and education, including news, courses, and daily analysis. |
Forex App | |
The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores. |
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GBPUSD Spread | |
From 0.8 pips (Standard Account) | From 0.6 |
EURUSD Spread | |
From 0.8 pips (Standard Account) | From 0.5 |
EURGBP Spread | |
From 0.8 pips (Standard Account) | From 2.1 |
Assets | |
90+ | 44 |
Cryptocurrency | |
Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. This separates the broker from many alternatives that only offer cryptos paired with the USD. High leverage up to 1:20 on cryptos is available, plus support for Expert Advisors and copy trading. | FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs. A strong selection of 60+ pairs are available, including BTC/USD and BTC/XAU. There is also a dedicated crypto account. |
Spread | |
From 0.8 pips (Standard Account) | Floating |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
Kwakol Markets vs |
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