Kwakol Markets vs Trade Nation

Kwakol Markets vs Trade Nation Comparison Table 2023
Kwakol Markets Review 2023 Trade Nation Review 2023
4.5

Kwakol Markets is #1 in our CFD broker rankings.

4.4
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.

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
  • 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
  • A choice of trading platforms and apps, including MT4, make the brand a good fit for savvy traders
  • Trade Nation is a multi-regulated and respected broker that previously operated as Core Spreads
  • Full range of investments via leveraged CFDs for long and short opportunities
  • The trading firm offers tight spreads and a transparent pricing schedule
  • Multiple account currencies are accepted for global traders
  • There is a low minimum deposit for beginners
Cons
  • Regional restrictions in certain countries
  • Lack of deposit and withdrawal methods
  • High deposits for premium features
  • The only base currency is USD
  • Fewer legal protections with offshore entity
Awards
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
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
  • MT4
  • MT5
  • AutoChartist
  • MT4
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
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • SEK
  • NOK
  • DKK
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
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • BTC
  • ETH
  • LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
84% of retail investor accounts lose money when trading CFDs with this provider.
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