Kwakol Markets vs RoboForex

Kwakol Markets vs RoboForex Comparison Table 2023
Kwakol Markets Review 2023 RoboForex Review 2023
4.5

Kwakol Markets is #1 in our CFD broker rankings.

4.5
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

RoboForex is a global broker launched in 2009. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active traders.

RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Bonus Offer
$30 No Deposit Bonus
Promotions

RoboForex Is Topping Up Accounts By Up To 10%

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." "RoboForex is a good pick for traders looking for a wide range of markets with welcome bonuses and loyalty promotions."
Pros
  • Full range of investments with 1000+ assets including cryptos
  • Wide range of free learning resources such as an eBook
  • Account manager and client support functions
  • MetaTrader 4 and MetaTrader 5 integration
  • Excellent market analysis tools
  • Easy account opening process
  • High leverage up to 1:500
  • Demo account available
  • 2FA login security
  • 0.01 Lot trading
  • Commission-free trading on US stocks
  • Choice of leading platforms, including MT4 and MT5
  • ECN and Prime accounts for active traders with low fees
  • Automated trading permitted with user-friendly robot builders
  • Accessible payment methods including PayPal
  • VPS server for 24/7 uninterrupted trading
  • Two free withdrawals each month
  • Low deposit for newer traders
Cons
  • Regional restrictions in certain countries
  • Lack of deposit and withdrawal methods
  • High deposits for premium features
  • The only base currency is USD
  • Instruments and fees vary between platforms
  • Demo account expires after 90 days
  • Average range of currencies
Awards
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
  • Best Global Mobile Trading App 2020 - Global Forex Awards B2B
  • Best Broker of the CIS 2019 - IAFT Awards
  • Best Investment Platform 2019 - IAFT Awards
  • Best Educational Forex-Center CIS 2019 - IAFT Awards
  • Best Stock Broker Asia 2019 - International Business Magazine Awards
  • Best Investment Products 2019 - Global Brands Magazine
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto CFDs, Forex, Stocks, Indices, Commodities, Crypto, Crypto Indices, ETFs
Demo Account
Yes Yes
Minimum Deposit
$1 $10
Trading Platforms
  • MT4
  • MT5
  • AutoChartist
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FINTRAC FSC
Margin Trading
Yes No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android, RStocksTrader
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
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 Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No Yes
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
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. Trade a huge selection of CFDs with more than 12,000 assets and very high leverage up to 1:2000. Micro lot trading is also available with access to interbank liquidity providers for low fees.
Leverage
1:1000 1:2000
FTSE Spread
From 0.8 pips (Standard Account) N/A
GBPUSD Spread
From 0.8 pips (Standard Account) 2
Oil Spread
From 0.8 pips (Standard Account) 5.2
Stocks Spread
From 0.8 pips (Standard Account) From 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. Trade over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment.
GBPUSD Spread
From 0.8 pips (Standard Account) 2
EURUSD Spread
From 0.8 pips (Standard Account) 1.4
EURGBP Spread
From 0.8 pips (Standard Account) 1.6
Assets
90+ 30+
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. Trade over 30 leading cryptos against the USD and EUR. Digital currencies are available on the user-friendly R StockTrader platform. New users can start trading cryptos in three easy steps.
Spread
From 0.8 pips (Standard Account) Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • BTC
  • ETH
  • XRP
  • LTC
  • DSH
  • BCH
  • EOC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
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