TopFX vs Kwakol Markets

TopFX vs Kwakol Markets Comparison Table 2023
TopFX Kwakol Markets
WINNER
Kwakol Markets is the better broker
Not Yet Rated
United States Flag Traders from US not accepted
2.4
United States Flag Traders from US accepted
TopFX is a Cyprus headquartered broker offering MT4, cTrader and copy trading. 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 Client Trading Experience Broker - Global Forex Awards
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
Bonus
$50 No Deposit Bonus
Instruments
Forex, indices, shares, metals, energies, ETFs, CFDs CFDs, Stocks, Indices, Commodities, Forex, Cryptos
Demo Account
No Yes
Minimum Deposit
$50 $1
Payment Methods
Minimum Trade
0.01 lots 0.01 Lots
Regulator
CySEC, FCA, FSA ASIC, FINTRAC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
Yes No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
Yes 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
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes (EAs) EAs
Copy Trading
Yes Yes
Copy Trading Platform
TopFX offers low-cost copy trading tools to account holders through the cTrader platform. 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
No Yes
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
Stock Exchanges
Commodities
CFD Trading
Trade a variety of CFDs with competitive trading conditions. Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts.
Leverage
1:500 1:1000
FTSE Spread
From 1.5 From 0.8 pips (Standard Account)
GBPUSD Spread<
From 0.2 From 0.8 pips (Standard Account)
Oil Spread
From 2.0 From 0.8 pips (Standard Account)
Stocks Spread
Variable From 0.8 pips (Standard Account)
Forex Trading
TopFX offers leveraged trading on a long list of currency pairs. Trade forex with ECN executions and tight spreads.
GBPUSD Spread
From 0.2 From 0.8 pips (Standard Account)
EURUSD Spread
From 0.2 From 0.8 pips (Standard Account)
EURGBP Spread
From 0.2 From 0.8 pips (Standard Account)
Assets
90 100
Cryptocurrency
Clients with a TopFX FSA regulated account can trade six crypto CFDs. Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold.
Spread
Floating From 0.8 pips (Standard Account)
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • DASH
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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