Kwakol Markets vs Trade Nation
| Kwakol Markets Review 2023 | Trade Nation Review 2023 |
|---|---|
4.5
Kwakol Markets is #1 in our CFD broker rankings. |
4.4
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 Traders from US accepted |
Traders from US not accepted
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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. |
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas. |
| 84% of retail investor accounts lose money when trading CFDs with this provider. | |
| Bonus Offer | |
| 200 Sign-Up Reward Points | |
| 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." | "Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, Crypto | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $1 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.1 Lots |
| Regulator | |
| ASIC, FINTRAC | FCA, ASIC, FSCA, SCB, FSA |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| 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 | iOS & Android |
| 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. | Trade Nation Seychelles offers signals and copy trading. These are attractive options for beginners and those looking to a hands-off approach to online trading. You can leverage the expertise of seasoned traders to speculate on popular financial markets, including forex, stocks and commodities. |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| 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 | |
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| 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 leveraged CFDs on over 1000 assets with low-cost spreads. You can also take advantage of the broker's integrated signals to help you determine when to enter and exit positions. |
| Leverage | |
| 1:1000 | 1:500 (entity dependent) |
| FTSE Spread | |
| From 0.8 pips (Standard Account) | From 0.4 |
| GBPUSD Spread | |
| From 0.8 pips (Standard Account) | From 0.6 |
| Oil Spread | |
| From 0.8 pips (Standard Account) | From 3.0 |
| Stocks Spread | |
| From 0.8 pips (Standard Account) | Variable |
| 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 Nation offers over 30 of the most popular forex pairs with variable spreads. Traders can access a slick proprietary platform or MetaTrader 4, with real-time forex market updates and insights via 'Smart News'. |
| GBPUSD Spread | |
| From 0.8 pips (Standard Account) | Variable |
| EURUSD Spread | |
| From 0.8 pips (Standard Account) | Variable |
| EURGBP Spread | |
| From 0.8 pips (Standard Account) | Variable |
| Assets | |
| 90+ | 33 |
| 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. | Cryptocurrencies are available through the broker's Bahamas entity. Traders can access thousands of indicators to tailor their crypto trading strategies and there are no hidden charges. |
| Spread | |
| From 0.8 pips (Standard Account) | Fixed |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| 84% of retail investor accounts lose money when trading CFDs with this provider. | |
| More Comparisons | |
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Kwakol Markets vs |
Trade Nation vs |