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WINNER
Kwakol Markets is the better broker
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3.4
 Traders from US not accepted |
2.4
Traders from US accepted |
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TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost. |
Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading. |
| Pros |
|
- 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
|
| Promotions |
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$176,500 Prize Pot Up For Grabs In The TMGM Ultimate Trading Competition
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| Bonus |
| Point-based loyalty system |
|
| Instruments |
| CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex |
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 |
| ASIC, FMA, VFSC |
ASIC, FINTRAC |
| Margin Trading |
| Yes |
Yes |
| MetaTrader 4 |
| Yes |
Yes |
| MetaTrader 5 |
| Yes |
Yes |
| cTrader |
| No |
No |
| AlgoTrader |
| No |
No |
| OmniTrader |
| No |
No |
| TradingView |
| Yes |
No |
| Autochartist |
| No |
Yes |
| eSignal |
| No |
No |
| Trading Central |
| Yes |
No |
| STP Account |
| No |
Yes |
| ECN Account |
| Yes |
Yes |
| DMA Account |
| Yes |
No |
| MAM Account |
| Yes |
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 |
| Yes |
No |
| Mobile Apps |
| iOS & Android |
iOS & Android |
| Auto Trading |
| Yes |
EAs |
| Copy Trading |
| Yes |
Yes |
| Copy Trading Platform |
| Copy trading through HUBx, a service designed to help investors automatically mirror the positions of successful traders. |
Kwakol Invest offers straightforward copy trading, connecting newbies with experienced traders. Clients only pay a fee on profitable trades. |
| Social Trading |
| No |
No |
| Trade Signals |
| MT4 Expert Advisors (EAs) |
|
| VPS Hosting |
| Yes |
No |
| Tournaments |
| Yes |
Yes |
| Demo Competitions |
| No |
No |
| Ethical Investing |
| No |
No |
| Custodial Account |
| No |
No |
| Guaranteed Stop Loss |
| No |
No |
| Inactivity Fee |
|
$10 |
| Islamic Account |
| Yes |
Yes |
| Account Currencies |
|
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| Stock Exchanges |
|
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| Commodities |
|
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| CFD Trading |
| TMGM offers a massive range of CFD instruments, encompassing more than 12,000 global equities, indices, currency pairs and commodities |
Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts. |
| Leverage |
| 1:500 |
1:1000 |
| FTSE Spread |
| 4.0 |
From 0.8 pips (Standard Account) |
| GBPUSD Spread< |
| 1.4 |
From 0.8 pips (Standard Account) |
| Oil Spread |
| 0.0 |
From 0.8 pips (Standard Account) |
| Stocks Spread |
| Variable |
From 0.8 pips (Standard Account) |
| Forex Trading |
| TMGM supports forex trading on all three of its platforms with competitive spreads and VPS hosting services |
Trade forex with ECN executions and tight spreads. |
| GBPUSD Spread |
| 1.4 |
From 0.8 pips (Standard Account) |
| EURUSD Spread |
| 0.3 |
From 0.8 pips (Standard Account) |
| EURGBP Spread |
| 0.2 |
From 0.8 pips (Standard Account) |
| Assets |
| 50+ |
100 |
| Cryptocurrency |
| TMGM supports crypto CFD trading, pegging each token against the USD. Up to 1:20 leverage |
Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. |
| Spread |
| Variable |
From 0.8 pips (Standard Account) |
| Coins |
- BTC
- BCH
- ETH
- LTC
- XRP
- BNB
- DOT
- EOS
- LINK
- UNI
- XTZ
- XLM
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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 |
TMGM
vs
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Kwakol Markets
vs
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