Kwakol Markets Overall rating
| Rating | Weight | |
| Popularity |
3.3
|
3 |
| Regulation |
4.0
|
2 |
| User Rating |
Not rated
|
3 |
| Pricing rating |
Not rated
|
1 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
Pros
- Segregated client money protection
- Negative balance protection
- Competitive forex average spreads
- Popularity rating of 3.2 out of 5
- Modern trading platforms: MT4, MT5, cTrader
- Provides a range of asset classes
Cons
- No deposit compensation scheme
- No public financial information available
- No crypto CFDs offered
- Relatively new to the market
We tested Kwakol Markets using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
Kwakol Markets is regulated by the Australian Securities and Investments Commission (AU ASIC). The broker offers segregated client money protection and negative balance protection, enhancing its trustworthiness. However, it does not provide a deposit compensation scheme.
Despite having no user reviews, it has achieved a ranking of 216 out of 815 forex brokers based on user ratings and 133 out of 815 based on our expert's rating. Kwakol Markets is a privately owned company, founded in 2021, with a popularity rating of 3.2 out of 5. It receives approximately 41,498 organic monthly visits and ranks 193 out of 815 forex brokers for organic traffic.
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| KWAKOL MARKETS PTY LIMITED |
|
 |
|
|
30 : 1 |
Deposit Insurance
Kwakol Markets does not provide a deposit compensation scheme under its current regulatory framework with AU ASIC. This means that in the event of the broker's failure, there is no investor compensation program to reimburse clients for their losses.
While the lack of a deposit insurance scheme is a significant drawback, the broker does offer segregated client money protection, ensuring that client funds are kept separate from the company's operating capital, which adds a layer of security for investors.
Spreads and Costs
Kwakol Markets offers competitive average spreads in the forex asset class compared to market-leading brokers. While it does not provide crypto CFD trading, its average spreads for forex, indices, and commodities are generally in line with or better than the industry averages, making it a cost-effective option for traders in these asset classes.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| Kwakol Markets – Standard | - | 1.12 | - | - |
| Exness – Standard | 20.95 | 2.02 | 7.28 | 0.12 |
| IC Markets – Standard | 9.29 | 1.51 | 1.23 | 0.10 |
| Tickmill – Standard | 9.88 | 2.23 | 2.40 | 0.16 |
| Pepperstone – Standard | 10.50 | 1.87 | 2.22 | 0.10 |
| IG – Standard | 51.55 | 2.34 | 3.42 | 0.23 |
| HFM – Premium | 20.99 | 2.88 | 4.14 | 0.18 |
Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kwakol Markets – Standard | - | - | 0.39 | 1.07 | 2.39 | 0.51 | 1.41 | 0 .96 | - | - | - | - |
| Exness – Standard | 35.72 | 6.18 | 1.08 | 1.72 | 3.58 | 1.87 | 2.66 | 1.21 | 6.71 | 7.84 | 0.20 | 0.05 |
| IC Markets – Standard | 15.59 | 3.00 | 0.88 | 1.14 | 1.81 | 1.37 | 2.35 | 1.49 | 1.51 | 0.96 | 0.18 | 0.02 |
| Tickmill – Standard | 18.08 | 1.63 | 1.69 | 1.95 | 2.75 | 1.87 | 2.54 | 2.58 | 2.56 | 2.24 | 0.29 | 0.02 |
| Pepperstone – Standard | 18.00 | 3.00 | 1.11 | 1.31 | 2.79 | 1.47 | 2.55 | 2.02 | 1.67 | 2.77 | 0.17 | 0.02 |
| IG – Standard | 98.00 | 5.10 | 0.87 | 1.10 | 3.68 | 1.61 | 3.24 | 3.53 | 2.69 | 4.15 | 0.44 | 0.02 |
| HFM – Premium | 38.41 | 3.61 | 1.74 | 2.51 | 3.99 | 2.20 | 4.03 | 2.82 | 2.27 | 6.01 | 0.32 | 0.04 |
Swap Rates/Financing Fees
Swap fees are charges or rebates for holding a trading position overnight. Positive swap rates pay out money, while negative swap rates cost money.
Kwakol Markets' swap rates are not available, but we can compare the averages from industry-leading brokers to get a sense of where they might stand.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| Kwakol Markets | - | - | - | - | - | - | - | - |
| Exness | - | -6.71 | -0.09 | -0.07 | -2.89 | 0.00 | 0.00 | -37.21 |
| IC Markets | - | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| Tickmill | Best | -2.24 | -0.13 | -0.13 | -2.66 | 1.27 | 20.97 | -32.76 |
| Pepperstone | - | -3.00 | -0.14 | -0.14 | -2.70 | 1.30 | 22.99 | -39.29 |
| IG | - | - | - | - | - | - | - | - |
| HFM | - | -7.43 | -0.14 | -0.15 | -3.58 | 0.00 | 0.00 | -40.72 |
Does Kwakol Markets Offer Islamic/Swap-free Accounts?
Islamic accounts, also known as swap-free accounts, are designed for traders who cannot receive or pay interest due to their religious beliefs. Kwakol Markets offers Islamic accounts that comply with Sharia law.
These accounts do not incur swap or rollover charges on overnight positions, making them compliant with Islamic finance principles. To qualify for an Islamic account, traders may need to provide proof of their religion and may have to meet specific criteria set by the broker. For more information, visit the Kwakol Markets website.
Other Fees
Besides spreads, commissions, and swap rates, Kwakol Markets may charge additional fees that traders should be aware of. Here are some common fees associated with trading accounts:| Fee Type | Description |
|---|---|
| Withdrawal Fees | Fees may apply for withdrawing funds from your trading account. The amount can vary based on the withdrawal method used. |
| Inactivity Fees | If there is no trading activity on your account for a certain period, an inactivity fee may be charged. The specific period and fee amount vary. |
For the latest and detailed information on fees, it's recommended to visit the Kwakol Markets website.
Comparison to other Brokers
When comparing Kwakol Markets to other industry-leading brokers, it's clear that while it is a relatively new entrant in the market, it holds its own in several areas. The broker is regulated by AU ASIC, providing a degree of trust and security. Its competitive forex average spreads make it an attractive option for forex traders.
However, the absence of crypto CFDs and a deposit compensation scheme are notable drawbacks. In terms of web traffic and popularity, Kwakol Markets shows promising growth. Compared to well-established brokers like IC Markets, Exness, and Pepperstone,
Kwakol Markets offers competitive trading costs and a robust range of trading platforms, though it still needs to build a more extensive user base and enhance its product offerings to match the breadth of services provided by these market leaders.
Trading Platforms - Mobile, Desktop, Automated
| Platform | Device Compatibility | Automated Trading |
|---|---|---|
| MetaTrader 4 | Desktop, Mobile, Web | Yes, using MQL4 (MetaQuotes Language 4) |
| MetaTrader 5 | Desktop, Mobile, Web | Yes, using MQL5 (MetaQuotes Language 5) |
| cTrader | Desktop, Mobile, Web | Yes, using C# and cAlgo |
Kwakol Markets offers a range of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, available on desktop, mobile, and web. Each platform supports automated trading, with MT4 and MT5 using MetaQuotes Language (MQL) and cTrader using C# and cAlgo for algorithmic trading.
These platforms are known for their robust charting capabilities, a wide range of technical indicators, and the ability to create custom indicators and automated trading strategies.
What Can you Trade?
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 100 |
| Crypto CFD | - |
| Stock CFD | 130+ |
| Synthetic Indices | 8 |
| Commodities CFD | 16 |
| ETFs | - |
| Bond CFD | - |
| Futures CFD | - |
Kwakol Markets offers a diverse range of tradable instruments, including 100 Forex CFDs, over 130 Stock CFDs, 8 Synthetic Indices, and 16 Commodities CFDs.
However, it does not provide trading in Crypto CFDs, ETFs, Bonds, or Futures CFDs. Traders can engage in CFD trading, where they speculate on the price movements of various assets without owning the underlying assets. CFD trading allows for leverage, which can magnify both gains and losses.
Available Leverage
Kwakol Markets offers a maximum leverage of 30:1 for retail clients under its AU ASIC regulation and up to 500:1 with other of the group entities (please check the broker's website for more information). The available leverage may vary depending on the specific instrument and the regulatory framework governing the client's account.
Higher leverage allows traders to control larger positions with a smaller amount of capital, but it also increases the potential risk and reward. It's essential for traders to understand the implications of leverage and use it judiciously.
Prohibited Countries
Kwakol Markets does not accept clients from certain countries due to regulatory restrictions. As of the latest available information, the broker cannot open accounts for residents of the United States, Canada, Japan, and several other jurisdictions. For a complete list of prohibited countries and regions, it is recommended to visit the Kwakol Markets website.
Kwakol Markets Account types
| Standard | No-Swap (Islamic Account) | Pro | Gold | Platinum | Diamond | Premium | VIP | |
| Commission | $0 | n/a | ||||||
| Maximum leverage | 200:1 | 1000:1 | 300:1 | 400:1 | 500:1 | 1000:1 | ||
| Mobile Platform | cTrader Mobile, MT4 Mobile, MT5 Mobile | |||||||
| Trading platform | cTrader, MT4, MT5, WebTrader | |||||||
| Spread Type | Variable Spread | |||||||
| Minimum Deposit | 250 | 1 | 10000 | 25000 | 100000 | 250000 | 25000 | 1000000 |
| Minimum Trade Size | 0.01 | |||||||
| Trailing Stops | | |||||||
| Scalping Allowed | | |||||||
| Hedging Allowed | | |||||||
| Islamic Accounts | | | | |||||
| Standard | |
| Commission | $0 |
| Maximum leverage | 200:1 |
| Typical Spread | from 0.8 pip |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 250 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| No-Swap (Islamic Account) | |
| Commission | $0 |
| Maximum leverage | 1000:1 |
| Typical Spread | from 1.6 pip |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 1 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Pro | |
| Commission | n/a |
| Maximum leverage | 300:1 |
| Typical Spread | from 0.01 pip |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 10000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Gold | |
| Commission | n/a |
| Maximum leverage | 400:1 |
| Typical Spread | from 0.01 pip |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 25000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Platinum | |
| Commission | n/a |
| Maximum leverage | 400:1 |
| Typical Spread | from 0 pip |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 100000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Diamond | |
| Commission | n/a |
| Maximum leverage | 400:1 |
| Typical Spread | from 0 pip |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 250000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Premium | |
| Commission | n/a |
| Maximum leverage | 500:1 |
| Typical Spread | from 0 pip |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 25000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| VIP | |
| Commission | n/a |
| Maximum leverage | 1000:1 |
| Typical Spread | from 0 pip |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 1000000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
Kwakol Markets Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
kwakolmarkets.com
kwakol.com
|
| Organic monthly visits | 52,175 (99%) |
| Organic traffic rank | 158 out of 827 (Forex Brokers) |
| Paid monthly visits | 487 (1%) |
| Total monthly visits | 52,662 |
| Bounce rate | 30% |
| Pages per visit | 32.43 |
| Average visit duration | 00:05:09.9070000 |
Kwakol Markets Profile
| Company Name | KWAKOL MARKETS PTY LIMITED |
| Categories | Forex Brokers, Cryptocurrency Brokers |
| Primary Category | Forex Brokers |
| Year Founded | 2021 |
| Account Currency | AUD, USD |
| Support Languages | English |
| Funding Methods | Bank Wire, Credit Card, PayPal |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals |
Segregated Accounts
Islamic Accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Variable spread
Kwakol Markets User reviews
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
Kwakol Markets Regulation / Money Protection
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| KWAKOL MARKETS PTY LIMITED |
|
|
|
|
30 : 1 |
Kwakol Markets Symbols
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