UFX vs Kwakol Markets

UFX vs Kwakol Markets Comparison Table 2023
UFX Kwakol Markets
WINNER
Kwakol Markets is the better broker
0.8
We do not recommend UFX. We have received numerous complaints about Account Managers forcing deposits and trades, and the website also no longer functions properly. Avoid.
2.4

Kwakol Markets is #13 in our broker rankings.

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

UFX are forex trading specialists that also offer popular stocks, ETFs, indices, and commodities. Offering tight spreads and one of the best ranges of major and minor pairs, they are a great option for aspiring FX investors.

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

Pros
  • Regulatory oversight
  • Full range of investments
  • Multiple payment methods offered
  • Low minimum deposit
  • Demo account
  • Demo account
  • Copy trading
  • MT4 integration
  • Full range of investments
Cons
  • No copy trading
  • No MT4 integration
Awards
  • Best Forex Trading Tools - MassInsights™ Technology - UK Forex Awards Winner 2016 & 2017
  • FX Director of the Year - Dennis de Jong - The European 2016 & 2017
  • FX Broker of the Year - The European 2016 & 2017
  • Best Trader Loyalty Programme - UFX Rewards - FX Report Awards 2016
  • Best Trading Platform - MassInsights™ Technology - FX Report Awards 2016
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
Instruments
ETFs, Commodities, Forex, Stocks, Indices, CFDs CFDs, Stocks, Indices, Commodities, Forex, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $1
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
CySEC ASIC, FINTRAC
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No 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
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes (EAs) EAs
Copy Trading
No Yes
Copy Trading Platform
Kwakol Invest offers straightforward copy trading, connecting newbies with experienced traders. Clients only pay a fee on profitable trades.
Social Trading
No No
VPS Hosting
No No
Tournaments
Yes Yes
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$100 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
Stock Exchanges
Commodities
CFD Trading
Invest in various markets without owning the underlying asset. Also trade with leverage. Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts.
Leverage
1:30 1:1000
FTSE Spread
Variable From 0.8 pips (Standard Account)
GBPUSD Spread<
3 - 5 pips From 0.8 pips (Standard Account)
Oil Spread
5 - 8 pips From 0.8 pips (Standard Account)
Stocks Spread
Variable From 0.8 pips (Standard Account)
Forex Trading
Trade over 60 forex pairs with advanced analysis tools. Trade forex with ECN executions and tight spreads.
GBPUSD Spread
3 - 5 pips From 0.8 pips (Standard Account)
EURUSD Spread
2 - 4 pips From 0.8 pips (Standard Account)
EURGBP Spread
4 - 5 pips From 0.8 pips (Standard Account)
Assets
65+ 100
Cryptocurrency
Crypto trading not offered Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold.
Spread
From 0.8 pips (Standard Account)
Coins
  • 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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