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WINNER
Kwakol Markets is the better broker
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4
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2.4
Kwakol Markets is #13 in our broker rankings.
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 Traders from US not accepted |
 Traders from US accepted |
ThinkMarkets is a multi-regulated forex and CFD broker
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Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
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71.89% of retail investor accounts lose money when trading CFDs with this provider. |
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Pros |
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- Demo account
- Copy trading
- MT4 integration
- Full range of investments
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Awards |
- Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA)
- Best Value Broker in Asia at the 2020 - Global Forex Awards
- Best Forex Trading Experience 2017 - UK Forex Awards
- Best Forex Trading Innovation 2017 - UK Forex Awards
- Best Customer Service 2013 - UK Forex 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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Instruments |
Forex, CFDs, ETFs, Futures, Shares, Commodities, Cryptocurrencies, Spread Betting (UK Only) |
CFDs, Stocks, Indices, Commodities, Forex, Cryptos |
Demo Account |
Yes |
Yes |
Minimum Deposit |
$0 |
$1 |
Payment Methods |
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Minimum Trade |
0.01 lots |
0.01 Lots |
Regulator |
FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles |
ASIC, FINTRAC |
Margin Trading |
No |
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 |
Yes |
No |
STP Account |
Yes |
Yes |
ECN Account |
No |
Yes |
DMA Account |
No |
No |
MAM Account |
No |
No |
PAMM Account |
Yes |
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 |
No |
No |
Mobile Apps |
Yes |
iOS & Android |
Auto Trading |
Yes - EAs compatible |
EAs |
Copy Trading |
Yes |
Yes |
Copy Trading Platform |
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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 |
No |
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VPS Hosting |
Yes |
No |
Tournaments |
No |
Yes |
Demo Competitions |
No |
No |
Ethical Investing |
No |
No |
Custodial Account |
No |
No |
Guaranteed Stop Loss |
No |
No |
Inactivity Fee |
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$10 |
Islamic Account |
Yes |
Yes |
Account Currencies |
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Stock Exchanges |
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Commodities |
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CFD Trading |
CFDs are available on multiple markets, including FX, indices, shares, commodities & cryptocurrency |
Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts. |
Leverage |
1:500 |
1:1000 |
FTSE Spread |
0.7 |
From 0.8 pips (Standard Account) |
GBPUSD Spread< |
0.4 |
From 0.8 pips (Standard Account) |
Oil Spread |
0.03 |
From 0.8 pips (Standard Account) |
Stocks Spread |
From 0.4 |
From 0.8 pips (Standard Account) |
Forex Trading |
Trading available on 46 major, minor, and exotic currency pairs |
Trade forex with ECN executions and tight spreads. |
GBPUSD Spread |
0.3 (ThinkZero) Variable |
From 0.8 pips (Standard Account) |
EURUSD Spread |
0.0 (ThinkZero) Variable |
From 0.8 pips (Standard Account) |
EURGBP Spread |
0.0 (ThinkZero) Variable |
From 0.8 pips (Standard Account) |
Assets |
46 |
100 |
Cryptocurrency |
Trading on popular 20+ crypto coins, including Bitcoin, Ethereum & Dash. Leverage up to 1:10 |
Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. |
Spread |
BTC 25, ETH 6 (Variable) |
From 0.8 pips (Standard Account) |
Coins |
- BCH
- LTC
- XMR
- DOGE
- XLM
- BTC
- ETH
- XRP
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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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71.89% of retail investor accounts lose money when trading CFDs with this provider. |
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More Comparisons |
ThinkMarkets vs |
Kwakol Markets vs |