Kwakol Markets vs FP Markets

Kwakol Markets vs FP Markets Comparison Table 2023
Kwakol Markets FP Markets
WINNER
Kwakol Markets is the better broker
2.4
United States Flag Traders from US accepted
Not Yet Rated
United States Flag Traders from US not accepted
Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading. FP Markets is a multi-asset broker offering a choice of trading platforms.
Pros
  • Demo account
  • Copy trading
  • MT4 integration
  • Full range of investments
Awards
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends
Instruments
CFDs, Stocks, Indices, Commodities, Forex, Cryptos Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$1 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
ASIC, FINTRAC ASIC, CySEC, ESMA
Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
Yes Yes
eSignal
No No
Trading Central
No Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No Yes
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 Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android Yes
Auto Trading
EAs Yes
Copy Trading
Yes Yes
Copy Trading Platform
Kwakol Invest offers straightforward copy trading, connecting newbies with experienced traders. Clients only pay a fee on profitable trades. FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
No Yes
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 0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts. Trade thousands of CFDs across a range of markets with high leverage.
Leverage
1:1000 1:500 (Global), (1:30 UK)
FTSE Spread
From 0.8 pips (Standard Account) 1.64
GBPUSD Spread<
From 0.8 pips (Standard Account) 1.9 average
Oil Spread
From 0.8 pips (Standard Account) 0.04
Stocks Spread
From 0.8 pips (Standard Account) Variable
Forex Trading
Trade forex with ECN executions and tight spreads. Trade on dozens of forex pairs with low spreads.
GBPUSD Spread
From 0.8 pips (Standard Account) 1.9 average
EURUSD Spread
From 0.8 pips (Standard Account) 1.1 average
EURGBP Spread
From 0.8 pips (Standard Account) 1.7 average
Assets
100 60+
Cryptocurrency
Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. Trade a handful of leading cryptocurrency coins against the US Dollar.
Spread
From 0.8 pips (Standard Account) Floating
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • ADA
  • BCH
  • BTC
  • DOG
  • DOT
  • EOS
  • ETH
  • LNK
  • LTX
  • XRP
  • SOL
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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