Kwakol Markets vs FXOpen

Kwakol Markets vs FXOpen Comparison Table 2023
Kwakol Markets FXOpen
2.4

Kwakol Markets is #5 in our CFD broker rankings.

3.7
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.

FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.

Pros
  • Demo account
  • Copy trading
  • MT4 integration
  • Full range of investments
  • Demo account
  • MT4 integration
  • Strong regulatory oversight
  • Multiple payment methods
  • Bonuses & trading contests
  • Full range of investments
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
Cons
  • Inactivity fee
Awards
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
  • Best ECN Broker 2012 - Masterforex-V
  • Best Forex Broker in Australasia 2011 - World Finance Magazine
  • Best Islamic Forex Broker 2011 - IB Times Trading Awards
  • Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
  • Best Trading Platform 2010 - Falcon Awards
Instruments
CFDs, Stocks, Indices, Commodities, Forex, Cryptos Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes Yes
Minimum Deposit
$1 $1 Global, £300 UK
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lot
Regulator
ASIC, FINTRAC FCA, CySEC, ASIC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
Yes No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
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 No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
EAs Yes (EAs)
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. FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
Yes Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
Stock Exchanges
Commodities
CFD Trading
Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts. Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads
Leverage
1:1000 1:30 - 1:500 (varies by trading entity)
FTSE Spread
From 0.8 pips (Standard Account) 0.8
GBPUSD Spread<
From 0.8 pips (Standard Account) 0.2
Oil Spread
From 0.8 pips (Standard Account) 4.0
Stocks Spread
From 0.8 pips (Standard Account) N/A
Forex Trading
Trade forex with ECN executions and tight spreads. Trade major, minor & emerging forex pairs with 1:30 leverage
GBPUSD Spread
From 0.8 pips (Standard Account) 0.2
EURUSD Spread
From 0.8 pips (Standard Account) 0.2
EURGBP Spread
From 0.8 pips (Standard Account) 0.2
Assets
100 50+
Cryptocurrency
Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK).
Spread
From 0.8 pips (Standard Account) Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • BTC
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Kwakol Markets
vs
FXOpen
vs