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WINNER
Kwakol Markets is the better broker
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Not Yet Rated
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2.4
Kwakol Markets is #5 in our CFD broker rankings.
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 Traders from US not accepted |
Traders from US accepted |
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LMFX offers online forex and stock trading with low fees and high leverage.
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Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
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| Pros |
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- Demo account
- Copy trading
- MT4 integration
- Full range of investments
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| Awards |
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- Best Broker Africa 2022 - UF Awards
- Most Trusted Broker Nigeria 2022 - UF Awards
- Best Emerging Broker 2022 - - UF Awards
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| Bonus |
| 100% deposit bonus up to $30,000 |
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| Instruments |
| Forex, CFDs, indices, shares, commodities |
CFDs, Stocks, Indices, Commodities, Forex, Cryptos |
| Demo Account |
| Yes |
Yes |
| Minimum Deposit |
| $50 |
$1 |
| Payment Methods |
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| Minimum Trade |
| 0.01 lots |
0.01 Lots |
| Regulator |
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ASIC, FINTRAC |
| Margin Trading |
| Yes |
Yes |
| MetaTrader 4 |
| Yes |
Yes |
| MetaTrader 5 |
| No |
Yes |
| cTrader |
| No |
No |
| AlgoTrader |
| No |
No |
| OmniTrader |
| No |
No |
| TradingView |
| No |
No |
| Autochartist |
| No |
Yes |
| eSignal |
| No |
No |
| Trading Central |
| No |
No |
| STP Account |
| No |
Yes |
| ECN Account |
| No |
Yes |
| 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 |
No |
| P2P Trading |
| No |
No |
| Spot Trading |
| Yes |
No |
| Mobile Apps |
| Yes |
iOS & Android |
| Auto Trading |
| Yes (EAs) |
EAs |
| Copy Trading |
| No |
Yes |
| Copy Trading Platform |
|
Kwakol Invest offers straightforward copy trading, connecting newbies with experienced traders. Clients only pay a fee on profitable trades. |
| Social Trading |
| No |
No |
| VPS Hosting |
| Yes |
No |
| Tournaments |
| No |
Yes |
| Demo Competitions |
| Yes |
No |
| Ethical Investing |
| No |
No |
| Custodial Account |
| No |
No |
| Guaranteed Stop Loss |
| No |
No |
| Inactivity Fee |
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$10 |
| Islamic Account |
| No |
Yes |
| Account Currencies |
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| Stock Exchanges |
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| Commodities |
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| CFD Trading |
| CFD trading is available across multiple financial markets. |
Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts. |
| Leverage |
| 1:1000 |
1:1000 |
| FTSE Spread |
| 3.0 |
From 0.8 pips (Standard Account) |
| GBPUSD Spread< |
| 2.5 |
From 0.8 pips (Standard Account) |
| Oil Spread |
| 0.7 |
From 0.8 pips (Standard Account) |
| Stocks Spread |
| Variable |
From 0.8 pips (Standard Account) |
| Forex Trading |
| FX trading is available on a range of currencies with tight spreads. |
Trade forex with ECN executions and tight spreads. |
| GBPUSD Spread |
| 2.3 |
From 0.8 pips (Standard Account) |
| EURUSD Spread |
| 1.9 |
From 0.8 pips (Standard Account) |
| EURGBP Spread |
| 2.2 |
From 0.8 pips (Standard Account) |
| Assets |
| 48 |
100 |
| Cryptocurrency |
| Crypto trading not offered |
Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. |
| Spread |
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From 0.8 pips (Standard Account) |
| 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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| More Comparisons |
LMFX
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Kwakol Markets
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