OctaFX vs Kwakol Markets

OctaFX vs Kwakol Markets Comparison Table 2023
OctaFX Kwakol Markets
WINNER
Kwakol Markets is the better broker
4.1
2.4

Kwakol Markets is #5 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.

Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.

Pros
  • Full range of investments
  • Low minimum deposit
  • Highly rated
  • MetaTrader 4 and 5
  • Copy trading
  • Commission-free trading
  • Mobile app compatibility
  • Negative balance protection (Within EU)
  • No deposit & withdrawal fees
  • Comprehensive educational content
  • Bonuses and contests available (non-EU)
  • High Leverage 1:500 (non-EU)
  • Demo account with access to unlimited virtual funds
  • Offers Islamic accounts
  • Demo account
  • Copy trading
  • MT4 integration
  • Full range of investments
Cons
  • Few payment methods
  • No global stocks trading
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Small selection of tradeable instrument
Awards
  • Most Secure Broker Indonesia 2022- International Business Magazine
  • Best Global Broker Asia 2022- International Business Magazine
  • Best Forex Broker Pakistan 2022- Global Brands
  • Best Forex Broker India 2022- World Finance
  • Best Mobile Trading Platform 2022- FXDailyInfo
  • Best In Class For Social Copy Trading 2022- Forexbrokers.com
  • Best Trading Conditions Asia 2021- World Business Outlook
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
Bonus
Up to 50% deposit bonus
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies CFDs, Stocks, Indices, Commodities, Forex, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $1
Payment Methods
Minimum Trade
0.01 lots 0.01 Lots
Regulator
SVGFSA, CySEC ASIC, FINTRAC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
Yes Yes
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
Yes 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) iOS & Android
Auto Trading
Yes EAs
Copy Trading
Yes Yes
Copy Trading Platform
Copy trading in OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance for live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time. 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 (EAs)
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
0 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on the financial markets with floating spreads and flexible leverage. Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts.
Leverage
1:500 (Global), 1:30 (EU) 1:1000
FTSE Spread
1.8 From 0.8 pips (Standard Account)
GBPUSD Spread<
1.1 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
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips. Trade forex with ECN executions and tight spreads.
Forex App

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

GBPUSD Spread
1.1 From 0.8 pips (Standard Account)
EURUSD Spread
0.7 From 0.8 pips (Standard Account)
EURGBP Spread
2.1 From 0.8 pips (Standard Account)
Assets
35 100
Cryptocurrency
Trade 30+ popular digital currencies paired with the USD. Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold.
Spread
Variable From 0.8 pips (Standard Account)
Coins
  • BTC
  • LTC
  • ETH
  • ZEC
  • SOL
  • ADA
  • DOT
  • ATOM
  • LINK
  • AVAX
  • BTB
  • MANA
  • MATIC
  • NEAR
  • IOTA
  • DOGE
  • DASH
  • ALGO
  • AAVE
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
OctaFX
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