Kwakol Markets vs FXCC

Kwakol Markets vs FXCC Comparison Table 2024
Kwakol Markets	FXCC
Review 0.8 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.	Review 4.5

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.	FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
Customer Reviews
	3.7 Based on 3 FXCC customer reviews
Bonus Offer
	100% First Deposit Bonus Up To $2000
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."	"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "
Pros
Kwakol Markets offers a comprehensive charting environment for active day traders, including 70+ pre-installed indicators in cTrader All third-party terminals support trading bots which will serve experienced algo traders You can access 1000+ short-term investments, including cryptos and synthetic products There are excellent market research tools available to support trading decisions, including the Acuity Expert Advisor and AutoChartist There's a wide range of free learning resources for beginners, including an eBook, online courses and a Telegram community channel	Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers As an MT4 broker, FXCC offers advanced charting tools and excellent support for algo traders, especially when combined with the free VPS The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding There are no restrictions on short-term trading strategies like day trading and scalping
Cons
There's a limited range of funding methods, with just bank transfers, card payments, and PayPal available - many top brands like AvaTrade offer 10+ methods You must deposit at least $10,000 to access the best trading conditions The only base currency available is USD	FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
Awards
Best Broker Africa 2022 - UF Awards Most Trusted Broker Nigeria 2022 - UF Awards Best Emerging Broker 2022 - - UF Awards	Best STP Broker 2019 - World Finance Magazine Awards Best Trading Account (XL Account) 2019 - World Finance Magazine Awards Best Trading Account (XL Account) Europe 2018 - Global Banking & Finance Awards Best STP Broker Europe 2018 - Global Banking & Finance Awards Best Trading Account (XL Account) 2018 - JFEX Awards Best MT4 Broker 2018 - JFEX Awards Best Islamic Forex Broker (XL Account) 2018 - MENA Forex Show Awards Best STP/ECN Forex Broker 2018 - MENA Forex Show Awards Best Forex Trading Account 2017 - UK Forex Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto	CFDs, Forex, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
	$0
Trading Platforms
MT4 MT5 cTrader AutoChartist	MT4
Payment Methods
Bitcoin Payments Credit Card Debit Card Wire Transfer	Bitcoin Payments Boleto Credit Card Debit Card Ethereum Payments Mastercard Netbanx Asia Neteller Paysafecard Rapid Transfer Skrill Sofort UnionPay Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, FINTRAC	CySEC
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
App Review
	FXCC elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for day traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an FXCC account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go.
Android App Rating
	4.4
iOS App Rating
	4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader	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
Trade Signals
	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	$5
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP
Stock Exchanges
Dow Jones Euronext Hong Kong Stock Exchange London Stock Exchange Nasdaq New York Stock Exchange S&P 500 Taiwan Stock Exchange	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq New York Stock Exchange SIX Swiss Exchange
Commodities
Copper Gold Natural Gas Oil Palladium Platinum Silver	Gold Oil Palladium Platinum Precious Metals Silver
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.	FXCC offers a narrow range of CFDs beyond forex with a limited selection of metals, energies, indices and cryptos. However, it stands out with its high leverage up to 1:500, which will serve experienced day traders looking to maximize their buying power while speculating on rising and falling prices.
Leverage
1:1000	1:500
FTSE Spread
0.8	Variable
GBPUSD Spread
0.8	1.0
Oil Spread
0.8	0.03
Stocks Spread
0.8	NA
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.	FXCC's key selling point is its forex trading conditions. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.
GBPUSD Spread
0.8	1.0
EURUSD Spread
0.8	0.2
EURGBP Spread
0.8	0.5
Assets
90+	70+
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.	FXCC offers 8 of the most popular cryptocurrencies, including Bitcoin, Ethereum and Litecoin. High leverage up to 1:10 is available on BTC and 1:5 on other cryptos. There are no restrictions on crypto day trading strategies with Expert Advisors (EAs) also permitted.
Spread
From 0.8 pips (Standard Account)	Variable
Coins
BTC BCH ETH LTC XRP BNB	BTC BCH ETH LTC XMR ZEC DAS XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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