Overall, Kwakol Markets is considered low-risk, with an overall Trust Score of 74% out of 100. Kwakol Markets is licensed by two Tier-1 Regulators (high trust). Kwakol Markets offers six different retail trading accounts as well as Demo and Islamic accounts. Kwakol Markets is currently not regulated by the CMA of Kenya
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.1/5
Min Deposit
USD 100 / 11650 KES
Regulators
Not Regulated
Trading Desk
MetaTrader 5, MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Kwakol Markets Review – 21 key points quick overview:
- ✅ Kwakol Markets Overview
- ✅ Kwakol Markets At a Glance
- ✅ Regulation and Safety of Funds
- Account Types and Features
- Account Registration
- Kwakol Markets Vs Exness Vs SuperForex – Broker Comparison
- Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- How to Deposit Funds with Kwakol Markets
- Kwakol Markets Fund Withdrawal Process
- Education and Research
- Bonuses and Promotions
- How to open an Affiliate Account with Kwakol Markets
- Kwakol Markets Affiliate Program Features
- Kwakol Markets Corporate Social Responsibility
- Verdict on Kwakol Markets
- Kwakol Markets Pros and Cons
- FAQ
Kwakol Markets Overview
👉 Overall, Kwakol Markets is considered low-risk, with an overall Trust Score of 74 out of 100. Kwakol Markets is licensed by two Tier-1 Regulator (high trust), zero Tier-2 Regulators (average trust), and zero Tier-3 Regulators (low trust).
👉 Kwakol Markets offers six different retail trading accounts namely a Standard Account, ECN Account, Professional Account, Cent Account, No-Swap (Islamic) Account, and a VIP Account.
👉 Based in Nigeria, Kwakol Markets aims to provide traders throughout the world with the finest trading experience, as well as the best market pricing and execution.
👉 In an ever-evolving market, the broker offers a perfect option for anybody seeking an easy, safe, and fun trading experience with a variety of transparent services that employ modern technologies.
👉 This Kwakol Markets review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Distribution of Traders
👉 There is not enough information regarding the distribution of traders in Kenya. Kwakol Markets has a large market share in Nigeria, the United States, Hong Kong, and Australia.
Popularity among traders who choose Kwakol Markets
🥇 Kwakol Markets falls within the Top 100 brokers for Kenyan traders.
Kwakol Markets At a Glance
| 🏛 Headquartered | The United States, Hong Kong, Nigeria, Australia |
| ⚖️ Local Market Regulator in Kenya | Capital Markets Authority (CMA) |
| 💰 Foreign Direct Investment in Kenya | 1.3% of the overall GDP |
| 💸 Foreign Exchange Reserves in Kenya | 8.2 billion USD |
| 🏛 Local office in Nairobi? | No |
| ⚖️ Governor of SEC in Kenya | None |
| ✔️ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2021 |
| 📞 Kenyan Office Contact Number | None |
| 📱 Social Media Platforms | • LinkedIn |
| ⚖️ Regulation | ASIC, FINTRAC |
| 1️⃣ Tier-1 Licenses | • Australian Securities and Investments Commission (ASIC) • The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) |
| 2️⃣ Tier-2 Licenses | None |
| 3️⃣ Tier-3 Licenses | None |
| 🪪 License Number | • Australia – AFSL 435746 • Canada – M22600427 |
| ⚖️ CMA Regulation | No |
| ❌ Regional Restrictions | Bahamas, Botswana, Burma (Myanmar), Cambodia, Democratic Republic of Congo, Cuba, Ethiopia, Ghana, Iran, Iraq, Japan, Lebanon, Libya, Malta, North Korea, Pakistan, Panama, Republic of the Congo, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vietnam, Yemen, Zimbabwe. |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 6 |
| ✔️ PAMM Accounts | No |
| 💧 Liquidity Providers | Unknown |
| 💰 Affiliate Program | Yes |
| 💻 Order Execution | Market |
| 📊 Starting spread | 0.0 pips EUR/USD |
| 💰 Minimum Commission per Trade | Between $2 and $5 per standard lot |
| 💸 Decimal Pricing | Up to 5 digits after the comma |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 💰 Minimum Trade Size | 0.01 lots |
| 💵 Maximum Trade Size | None |
| ✔️ Crypto trading offered? | Yes |
| ✔️ Offers a KES Account? | No |
| 👥 Dedicated Kenyan Account Manager? | No |
| 📈 Maximum Leverage | 1:1000 |
| 📋 Leverage Restrictions for Kenya? | No |
| 💰 Minimum Deposit (KES) | 110 KES or an equivalent to $1 |
| ✔️ Kenyan shilling Deposits Allowed? | No |
| 👥 Active Kenyan Trader Stats | 70,000+ |
| 🤝 Active Kenyan-based Kwakol Markets customers | Unknown |
| 💰 Kenya Daily Forex Turnover | $100 million+ |
| 💵 Deposit and Withdrawal Options | • Debit Card • Credit Card • Crypto Wallets • Bank Wire Transfer |
| ⏰ Minimum Withdrawal Time | 1 hour |
| 🕙 Maximum Estimated Withdrawal Time | Up to 7 days |
| ✔️ Instant Deposits and Instant Withdrawals? | No |
| 🏧 Segregated Accounts with Kenyan Banks? | No |
| 💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 |
| 💵 Tradable Assets | • Forex • CFDs • Stocks • Commodities • Indices • Cryptocurrencies |
| ✔️ Offers USD/KES currency pair? | No |
| 📊 USD/KES Average Spread | N/A |
| ✔️ Offers Kenyan Stocks and CFDs | None |
| 🗣 Languages supported on the Website | English |
| 📞 Customer Support Languages | Multilingual |
| ✔️ Copy Trading Support | No |
| ⏰ Customer Service Hours | 24/5 |
| 🧑💻 Kenyan-based customer support? | Yes |
| 💰 Bonuses and Promotions for Kenyans | No |
| 📚 Education for Kenyan beginners | No |
| ✔️ Proprietary trading software | No |
| 🥇 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✔️ Is Kwakol Markets a safe broker for Kenyans? | Yes |
| 🥇 Rating for Kwakol Markets Kenya | 6/10 |
| 🎖 Trust score for Kwakol Markets Kenya | 74% |
| 👉 Open Account | 👉 Open Account |
Regulation and Safety of Funds
👉 Australian Securities and Investments Commission (ASIC) licensed Kwakol Markets as a Corporate Authorized Representative of HLK GROUP PTY LTD, which has an Australian Financial Services Licence (ASIC).
👉 FINTRAC Money Services Canada has given Kwakol Markets a Foreign Exchange Dealer License with the registration number M22600427. Kwakol Markets is permitted to give financial product advice, trade in financial goods/issues (such as securities), apply for, acquire, vary, or dispose of financial products.
👉 Customers have the option of keeping their deposited monies in their own bank accounts or having Kwakol Markets keep them in a third-party bank account on their behalf. Every sort of risk associated with the broker’s day-to-day activities is routinely identified, analysed, and regulated by the broker.
Account Types and Features
👉 There is a range of account types at Kwakol to meet the needs of traders of various skill levels.
👉 It is possible to open six different types of accounts on the Kwakol Markets platform. The characteristics that are specific to each of these accounts are as follows: According to account type, there are varying commissions, margin calls and leverage limitations.
➡️ Standard Account
➡️ ECN Account
➡️ Professional Account
➡️ Cent Account
➡️ No-Swap(Islamic) Account
➡️ VIP Account
Live Trading Accounts
Standard Account
👉 With a Standard Account, traders may expect a more traditional trading environment. The spreads on the Standard account are very low since there are no costs connected with it.
| Account Feature | Value |
| 💵 Minimum Deposit | 110 Kenyan shilling or an equivalent to $1 |
| 📊 Average Spread | Floating, from 0.8 pips |
| 💰 Commissions charged on trades | None |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💸 Market Execution | From 0.1 seconds |
ECN Account
👉 Traders seeking optimal trading conditions will open an ECN (Electronic Communication Network) account. The ECN account does away with the necessity for an intermediary to connect buyers and sellers.
👉 Kenyans who want to open an ECN account must pay a one-time setup charge of $100. Fast market execution, low spreads, and the best quotes without latency are the main benefits of an ECN account.
👉 Kwakol Market costs $4 for every standard lot traded on an ECN account since the spread is so small. You may trade currencies, metals, energy, commodities, and stocks with an ECN account from a wide variety of service providers.
| Account Feature | Value |
| 💵 Minimum Deposit | 11,500 KES or an equivalent to $100 |
| 📊 Average Spread | From 0.8 pips |
| 💰 Commissions charged on trades | None |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💸 Market Execution | From 0.1 seconds |
Professional Account
👉 This is a more advanced account, ideally suited to traders with greater knowledge and experience. Any trading strategy, from day trading to automated trading, can be used on this account.
| Account Feature | Value |
| 💵 Minimum Deposit | 110,000 KES or an equivalent to $1,000 |
| 📊 Average Spread | From 0.0 pips |
| 💰 Commissions charged on trades | $5 per standard lot (100,000 base currency units) |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💸 Market Execution | From 0.1 seconds |
| ⬆️ Maximum Trade size | Unlimited |
| 💻 Minimum Trade size | 0.01 lots |
Cent Account
👉 The Cent Account displays the amount in cents, and all transactions on a cent account are done in cents as well. The Cents account allows for low-risk trading, making it a good choice for novice traders. It is also a good option for seasoned traders who want to experiment with different trading strategies.
👉 Smaller lot sizes and lower initial investments are available with the Cent account, unlike any other account.
👉 Forex, metals, energy, commodities, and stocks are all accessible on the Cent account. It is also possible to establish a Cent account in one of two different versions of Metatrader, namely MT4 or MT5.
| Account Feature | Value |
| 💵 Minimum Deposit | 110,000 KES or an equivalent to $1,000 |
| 📊 Average Spread | From 1 pip |
| 💰 Commissions charged on trades | None |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💸 Market Execution | From 0.3 second (STP) |
No-Swap(Islamic) Account
👉 The Kwakol Islamic account is a fixed-fee account designed for Islamic traders. The fee is not charged or taken as interest and may vary depending on the order that is being executed.
👉 Under Islamic law, the charging and acceptance of Riba, or interest, is banned in any contract or business. Muslim traders are authorized to conduct monetary transactions under this system. Swap-Free accounts were created by Kwakol to enable traders of different religions to deal with one another.
| Account Feature | Value |
| 💵 Minimum Deposit | 110,000 KES or an equivalent to $1,000 |
| 📊 Average Spread | From 1.6 pips |
| 💰 Commissions charged on trades | None |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💸 Market Execution | From 0.3 second (STP) |
VIP Account
👉 Kwakol Markets provides a VIP account with unmatched trading conditions for the most demanding customers. Members of Kwakol Markets’ VIP club get exclusive discounts and a variety of additional perks.
| Account Feature | Value |
| 💵 Minimum Deposit | 1,000,000 KES or an equivalent to $10,000 |
| 📊 Average Spread | From 0.0 pips |
| 💰 Commissions charged on trades | $2 per standard lot |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💸 Market Execution | From 0.3 second (STP) |
Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and Kwakol Markets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 Kwakol Markets offers a dedicated Islamic Account to Muslim Kenyan traders who want to avoid overnight fees.
Account Registration
👉 To open an account with Kwakol Markets, traders may visit the company’s official website and click on “Start Trading.” This link is located on the site and will take merchants to the member registration page. To sign in, traders must enter a valid email address and a user-selected password.
👉 Once the information is processed, traders should anticipate receiving an email at the address they supplied verifying their contact information. Traders may type the five-digit code into the supplied box.
👉 After the trader’s email address has been authenticated, they may log into their trader’s dashboard and go to the main menu option on the left-hand side of their screen. Traders may choose between MT4 and MT5 trading accounts by selecting “Trading Accounts” from this menu.
👉 Traders can establish a Live Account by deselecting “Demo” on the right-hand side of the page and filling in the following fields:
➡️ Platform – VIP Account, ECN Account, Standard Account, Pro Account, Islamic Account, or Cent Account.
➡️ Currency – USD is the only account base currency
➡️ Hedging is automatically selected
➡️ Leverage – from 100 up to 1000
👉 After providing these details, traders can click “Open Account.” Traders will get a notification that their account has been established and can proceed to deposit the minimum amount required to begin trading.
Kwakol Markets Vs Exness Vs SuperForex – Broker Comparison
| 🥇 Kwakol Markets | 🥈 Exness | 🥉 SuperForex | |
| ⚖️ Regulation | ASIC, FINTRAC | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | None |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 | • MetaTrader 4 • MetaTrader 5 • Exness App • Exness Terminal | • MetaTrader 4 • SuperForex App |
| 💸 Withdrawal Fee | No | No | Yes |
| 💻 Demo Account | Yes | Yes | Yes |
| 💵 Min Deposit | 110 KES | 1,100 KES | 110 KES |
| 📊 Leverage | 1:1000 | Unlimited | 1:2000 |
| 📊 Spread | From 0.0 pips | Variable, from 0.0 pips | From 0.0 pips |
| 💰 Commissions | 0.03% to 0.07% | From $0.1 per side, per lot | $3 to $4 |
| 🛑 Margin Call/Stop-Out | 100%/50% | 60%/0% | 30%/40% |
| 💵 Order Execution | Market | Market | Market, Instant |
| 💰 No-Deposit Bonus | No | No | Yes |
| 💵 Cent Accounts | Yes | Yes | Yes |
| 💻 Account Types | • Standard Account • ECN Account • Professional Account • Cent Account • No-Swap(Islamic) Account • VIP Account | • Standard Account • Standard Cent Account • Raw Spread Account • Zero Account • Pro Account | • Standard Account • Swap-Free Account • No Spread Account • Micro Cent Account • Profi STP Account • Crypto Account • ECN Standard Account • ECN Standard Mini Account • ECN Swap-Free Account • ECN Swap-Free Mini Account • ECN Crypto Account |
| ⚖️ CMA Regulation | No | No | No |
| 💸 KES Deposits | Yes | Yes | Yes |
| 💰 Kenyan shilling Account | No | Yes | Yes |
| 📞 Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 🛍 Retail Investor Accounts | 6 | 5 | 11 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 💵 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | None | Unlimited | None |
| ⏰ Minimum Withdrawal Time | 1 hour | Instant | 1 hour |
| 💻 Maximum Estimated Withdrawal Time | Up to 7 days | Up to 72 hours | 4 Business days |
| 💵 Instant Deposits and Instant Withdrawals? | No | Yes | No |
Trading Platforms
👉 Kwakol Markets offers Kenyan traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
👉 There are two industry-standard platforms: MetaTrader 4 and MetaTrader 5. These are two of the most common platforms available via most trading companies. That is advantageous if you want to learn the platforms and may eventually need to transfer brokers.
👉 While they are quite comparable in many ways, MT5 features, and functions are more sophisticated. However, they are likely to have a greater impact on more professional traders. MT4 is often more than enough for most traders.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
👉 Both MetaTrader 4 and 5 Web platforms provide a fully working demo account with access to a wealth of instructional materials. Kwakol Markets accounts provide customers with market-leading pricing and trading circumstances through the MetaTrader web platforms because they use real ECN connections.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
👉 Both MetaTrader 4 and 5 offer mobile trading apps that can be downloaded and used on iOS and Android devices. This provides Kenyan traders with the flexibility that they need to access their trading while they are on the move. MetaTrader 4 and 5 ensure full account integration between different versions and devices.
Range of Markets
👉 Kenyan traders can expect the following range of markets from Kwakol Markets:
➡️ Forex
➡️ CFDs
➡️ Stocks
➡️ Commodities
➡️ Indices
➡️ Cryptocurrencies
Broker Comparison for Range of Markets
| 🥇 Kwakol Markets | 🥈 Exness | 🥉 SuperForex | |
| ➡️ Forex | Yes | Yes | Yes |
| ➡️ Precious Metals | Yes | Yes | Yes |
| ➡️ ETFs | No | No | Yes |
| ➡️ CFDs | Yes | Yes | Yes |
| ➡️ Indices | Yes | Yes | Yes |
| ➡️ Stocks | Yes | Yes | Yes |
| ➡️ Cryptocurrency | Yes | No | Yes |
| ➡️ Options | No | No | No |
| ➡️ Energies | Yes | Yes | Yes |
| ➡️ Bonds | No | No | No |
Trading and Non-Trading Fees
Spreads
👉 Several variables affect the spreads that Kenyan traders might anticipate from the spreads that Kwakol Markets offers. The following are some of the most typical spreads:
➡️ Standard Account – from 0.8 pips
➡️ ECN Account – from 0.8 pips
➡️ Professional Account – from 0.0 pips
➡️ Cent Account – from 1 pip
➡️ No-Swap(Islamic) Account – from 1.6 pips
➡️ VIP Account – from 0.0 pips
Commissions
👉 Kenyan traders can expect these commissions:
➡️ Professional Account – from $5 per standard lot, which is 100,000 of the base account currency
➡️ VIP Account – from $2 per standard lot traded
Overnight Fees, Rollovers, or Swaps
👉 All account types at Kwakol Markets save the Islamic Account are subject to overnight fees. To calculate overnight fees, traders need to know their position (buy or sell), their position size, and the financial asset they are holding.
Deposit and Withdrawal Fees
👉 There are no deposit fees or withdrawal fees indicated for Kwakol Markets.
Overall Rating
- 4.1/5
Min Deposit
USD 100 / 11650 KES
Regulators
Not Regulated
Trading Desk
MetaTrader 5, MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Deposits and Withdrawals
👉 Kwakol Markets offers the following deposit and withdrawal methods:
➡️ Debit Card
➡️ Credit Card
➡️ Crypto Wallets
➡️ Bank Wire Transfer
Deposit Currencies, Minimum Deposit, Minimum Deposit, and Withdrawal Processing Time
| 💰 Payment Method | ⏰ Deposit Processing Time | 💵 Withdrawal Fee | 💸 Withdrawal Processing Time |
| Debit Card | 1 USD | 1 Hour | 24 hours |
| Credit Card | 1 USD | 1 Hour | 24 hours |
| Crypto Wallets | 1 USD | 1 Hour | 24 hours |
| Bank Wire Transfer | 1 USD | 1 Working Day | Up to 7 working days |
How to Deposit Funds with Kwakol Markets
👉 When using the Kwakol Markets website to access their trading account, users can choose “Funds” from the main menu. Traders have the option to deposit funds by selecting “Deposit” and then specifying a wallet (between Fiat, Stablecoins, and Crypto Coins).
👉 When they are ready to proceed, traders may choose their preferred payment method, enter the amount they would want to deposit and submit their proof of payment.
Kwakol Markets Fund Withdrawal Process
👉 Traders must complete the three-step KYC procedure to withdraw money.
➡️ Level 0 – When you complete the registration form and verify your contact information, you are at Level 0, which means you have not done anything yet.
➡️ Level 1 – Traders must provide identification, such as a driver’s license, passport, voter’s card, or other government-issued identification.
➡️ Level 2 – KYC Level 1 is required, as well as proof of a residential address, for Level 2 traders.
👉 To withdraw, traders can select “Funds” and then “Withdraw” on the webpage to withdraw funds. Next, traders can select the payment option, input the amount, and follow any extra instructions provided by the payment provider.
Education and Research
👉 Kwakol Markets offers the following Educational Materials:
➡️ Online Courses which are coming soon
➡️ eBooks
👉 Kwakol Markets offers Kenyan traders the following Research and Trading Tools:
➡️ AutoChartist
➡️ Acuity
➡️ Calculators
➡️ News
Bonuses and Promotions
👉 Kwakol Markets does not currently offer any bonuses or promotions to Kenyan traders.
Overall Rating
- 4.1/5
Min Deposit
USD 100 / 11650 KES
Regulators
Not Regulated
Trading Desk
MetaTrader 5, MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
How to open an Affiliate Account with Kwakol Markets
👉 Kenyans can navigate to the official Kwakol Markets website and select “Affiliates” from the homepage’s main toolbar. To register for the Kwakol Affiliate program, Kenyans can:
➡️ Create an account by signing up from the homepage
➡️ Sign into the account, select “Refer a Friend,” and choose “Activate IB”
➡️ Follow the instructions that are emailed to finalize the registration
Kwakol Markets Affiliate Program Features
👉 With the Multi-Level Affiliate program, Kenyans can begin advertising Kwakol Markets, allowing them to earn commissions when new traders join the broker’s platform.
👉 Kwakol Markets affiliates have the following advantages:
➡️ A 5-level earning structure
➡️ Dedicated affiliate manager
➡️ 40% revenue-share model
➡️ Crypto deposits as well as withdrawals
➡️ Everlasting commissions
➡️ Weekly commission pay-outs
Kwakol Markets Corporate Social Responsibility
👉 There is currently no information available on the Corporate Social Responsibility of Kwakol Markets.
Verdict on Kwakol Markets
👉 Kwakol Markets specializes in delivering investment possibilities, research, and services to individuals, retail investors, and institutions. Education and innovative insights on both conventional and digital asset markets are also provided.
👉 Kwakol has made trading easier for contemporary users so that they may concentrate on their trading activity with the least amount of trouble. Because they may be used to find trading opportunities in a wide range of markets, Acuity and AutoChartist’s inclusion is particularly noteworthy.
Kwakol Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Kwakol Markets is well-regulated by strict entities | There is a limited selection of educational materials and trading tools |
| There is a choice between retail investor accounts | USD is the only accepted base currency for accounts and deposits |
| Kenyans can use crypto funding and withdrawal, along with other methods | There may be currency conversion fees charged because KES is not an accepted base account currency |
| MetaTrader 4 and 5 are offered to Kenyans across devices | |
| There is a dedicated account manager offered | |
| There is an ultra-low minimum deposit requirement | |
| There are free demo accounts for practise trading and testing strategies | |
| There is an Islamic Account offered to Muslim traders |
FAQ
Does Kwakol Markets accept Kenyan traders?
Yes, Kenyan traders can register a demo and/or live account with Kwakol Markets.
Is Kwakol Markets a fake or a scam broker?
Kwakol Markets is neither fake nor a scam broker, but a legit broker that is well-regulated by two Tier-1 regulators namely the ASIC in Australia and FINTRAC in Canada.
Which trading platforms are supported by Kwakol Markets?
Kwakol Markets supports the following trading platforms:
- MetaTrader 4
- MetaTrader 5
What is the maximum leverage I can use with Kwakol Markets?
You can use leverage of up to 1:1000 with Kwakol Markets.
What is the overall rating for Kwakol Markets?
We give Kwakol Markets an overall rating of 6/10 because the broker is well-regulated by ASIC and FINTRAC, offers a choice between account types, provides an Islamic account, demo accounts, and offers both MetaTrader 4 and 5.
However, the broker has an average trust score, only accepts USD as the account currency and deposit currency, only offers a few educational materials and trading tools, and does not offer a transparent breakdown of all trading and non-trading fees.
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with Axi?
➡️ What was the determining factor in your decision to engage with Axi?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with Axi such as difficulty withdrawing funds, inability to verify regulation, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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