Naga vs Kwakol Markets

NAGA vs Kwakol Markets Comparison Table 2023
NAGA Kwakol Markets
WINNER
Kwakol Markets is the better broker
4.1
United States Flag Traders from US not accepted
2.4
United States Flag Traders from US accepted
NAGA is a social investing platform offering copy trading on major financial markets including CFDs and real stocks. Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money
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
No
Instruments
CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures CFDs, Stocks, Indices, Commodities, Forex, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$250 $1
Payment Methods
Multiple local payment methods available depending on the client’s country of residence
Minimum Trade
0.01 0.01 Lots
Regulator
CySEC ASIC, FINTRAC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
Yes No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
Yes No
Trading Central
Yes 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
Yes No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes EAs
Copy Trading
Yes Yes
Copy Trading Platform
NAGA is a leading copy trading platform offering low fees and exposure to thousands of experienced traders and hundreds of different instruments. Kwakol Invest offers straightforward copy trading, connecting newbies with experienced traders. Clients only pay a fee on profitable trades.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
  • USD
Stock Exchanges
Commodities
CFD Trading
Naga offers competitive trading conditions on a range of contracts for difference. Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts.
Leverage
1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location. 1:1000
FTSE Spread
Variable From 0.8 pips (Standard Account)
GBPUSD Spread<
Variable From 0.8 pips (Standard Account)
Oil Spread
Variable From 0.8 pips (Standard Account)
Stocks Spread
Variable From 0.8 pips (Standard Account)
Forex Trading
A long list of currencies and variable spreads with high trading volumes and liquidity are available. Trade forex with ECN executions and tight spreads.
GBPUSD Spread
Variable From 0.8 pips (Standard Account)
EURUSD Spread
Variable From 0.8 pips (Standard Account)
EURGBP Spread
Variable From 0.8 pips (Standard Account)
Assets
48 100
Cryptocurrency
Trade popular crypto tokens against the US Dollar (with NAGA Markets Europe Ltd) Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold.
Spread
Variable From 0.8 pips (Standard Account)
Coins
  • ADA
  • BTC
  • DOGE
  • ATOM
  • DASH
  • EOS
  • ETH
  • DOT
  • IOTA
  • FIL
  • LINK
  • LTC
  • NEO
  • QTUM
  • SHIB
  • SOL
  • TRON
  • UNI
  • XLM
  • XMR
  • XRP
  • XTZ
  • ZEC
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money
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