|
WINNER
Kwakol Markets is the better broker
|
Not Yet Rated
|
2.4
Kwakol Markets is #5 in our CFD broker rankings.
|
 Traders from US not accepted |
 Traders from US accepted |
LMFX offers online forex and stock trading with low fees and high leverage.
|
Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
|
Pros |
|
- Demo account
- Copy trading
- MT4 integration
- Full range of investments
|
Awards |
|
- Best Broker Africa 2022 - UF Awards
- Most Trusted Broker Nigeria 2022 - UF Awards
- Best Emerging Broker 2022 - - UF Awards
|
Bonus |
100% deposit bonus up to $30,000 |
|
Instruments |
Forex, CFDs, indices, shares, commodities |
CFDs, Stocks, Indices, Commodities, Forex, Cryptos |
Demo Account |
Yes |
Yes |
Minimum Deposit |
$50 |
$1 |
Payment Methods |
|
|
Minimum Trade |
0.01 lots |
0.01 Lots |
Regulator |
|
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 |
|
$10 |
Islamic Account |
No |
Yes |
Account Currencies |
|
|
Stock Exchanges |
|
|
Commodities |
|
|
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 |
|
From 0.8 pips (Standard Account) |
Coins |
|
|
Crypto Lending |
No |
No |
Crypto Mining |
No |
No |
Crypto Staking |
No |
No |
Auto Market Maker |
No |
No |
|
|
|
More Comparisons |
LMFX vs |
Kwakol Markets vs |