Kwakol Markets vs InstaForex

Kwakol Markets vs InstaForex Comparison Table 2023
Kwakol Markets	InstaForex
Review 4.5 Kwakol Markets is #2 in our CFD broker rankings.	Review 3.4
Traders from US accepted	Traders from US not accepted See available CFD brokers
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.	InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading. Millions of traders have opened an account with the firm which offers a suite of active trading and investment opportunities.
	All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
Bonus Offer
	$3500 No Deposit Bonus, Club Bonus, Bonus 30%, Bonus 55%, and Bonus 100%
Promotions
	Claim A 100% Deposit Bonus At InstaForex
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."	"InstaForex is a good choice for currency traders familiar with the MT4 and MT5 platforms. The broker offers more forex pairs than most rivals with tight spreads and a low minimum deposit."
Pros
The MT4, MT5 and cTrader platforms offer a comprehensive charting environment for active day traders You can access 1000+ short-term investment, 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	Demo account available MT4 and MT5 integration Low minimum deposit to get started Wide market access with hundreds of assets Good range of payment methods including bank cards Reputable brand that over seven million investors have signed up to in the last 15+ years
Cons
There's a limited range of funding methods, with just bank transfers, card payments, and PayPal available You must deposit at least $10,000 to access the best trading conditions The only base currency available is USD	The broker’s website and Client Cabinet can feel tricky to navigate
Awards
Best Broker Africa 2022 - UF Awards Most Trusted Broker Nigeria 2022 - UF Awards Best Emerging Broker 2022 - - UF Awards	Best Forex Broker, International Investor Awards 2022 Best Crypto Broker 2022, Forexing.com Best Customer Service Broker 2022, AllForexBonus.com Best Broker 2022 in Latin America, International Business Magazine Best Affiliate Program 2022, GBM Best Forex Broker 2022, International Investor Awards Most Active Broker in Asia 2020, AtoZ Markets Forex Awards Best Affiliate Program 2020, Global Brands Magazine Best Broker in Asia 2019, Le Fonti Awards Best Managed Account 2019, IAFT Awards Best ECN Broker in Asia 2018, International Business Magazine
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto	Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
Demo Account
Yes	Yes
Minimum Deposit
$1	$1
Trading Platforms
MT4 MT5 cTrader AutoChartist	MT4 MT5
Payment Methods
Bitcoin Payments Credit Card Debit Card Wire Transfer	Bank cards, Bitcoin, Litecoin, Tether, Ethereum, Skrill, Neteller, PayCo, AstroPay, WebMoney, plus Local Banking & Transfer Solutions
Minimum Trade
0.01 Lots	0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
Regulator
ASIC, FINTRAC	BVI FSC
Margin Trading
Yes	Yes
STP Account
Yes	No
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 and Android + browser based platform
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	Yes
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
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
USD	USD EUR
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 Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Copper Gold Natural Gas Oil Palladium Platinum Silver	Cocoa Coffee Copper Cotton Gasoline Gold Livestock Natural Gas Oil Orange Juice Palladium Platinum Silver Soybeans Sugar Wheat
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.	Trade CFDs across indices, metals and even IPOs with flexible account types and leverage up to 1:1000. You can choose between two excellent platforms with a range of technical indicators and fundamental analysis features.
Leverage
1:1000	1:1000
FTSE Spread
0.8	Fixed
GBPUSD Spread
0.8	Av. Floating 0.6 pips
Oil Spread
0.8	Fixed
Stocks Spread
0.8	Commissions as low as 0.1%
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.	Go long or short on a range of major and minor currency pairs with tight spreads. Powerful trading software is available with a choice of instant and pending orders.
GBPUSD Spread
0.8	Av. Floating 0.6
EURUSD Spread
0.8	Av. Floating 0.2
EURGBP Spread
0.8	Av. Floating 0.5
Assets
90+	1000+
Currency Indices
	USD
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.	InstaForex offer crypto CFD trading on leading tokens with very low fees. Investors can speculate on over 50 cryptocurrencies, more than many competitors.
Spread
From 0.8 pips (Standard Account)	0.1%
Coins
BTC BCH ETH LTC XRP BNB	BCH BTC ETH LTC XRP and50+more
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
More Comparisons
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