TMGM vs Kwakol Markets

TMGM vs Kwakol Markets Comparison Table 2023
TMGM Kwakol Markets
WINNER
Kwakol Markets is the better broker
3.4
United States Flag Traders from US not accepted
2.4
United States Flag Traders from US accepted
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
Awards
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
Promotions

$176,500 Prize Pot Up For Grabs In The TMGM Ultimate Trading Competition

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
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • USD
Stock Exchanges
Commodities
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
  • 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
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