Kwakol Markets — where it wins, where it loses
Kwakol Markets does not currently take a column outright against this field. It loses on tier-1 cover, published spread, lapsed licence on file. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where Kwakol Markets takes the field outright.
Loses on
- tier-1 cover
- published spread
- lapsed licence on file
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| None verified | None verified | Nigeria (marketing claims US/HK/NG/AU offices) | Tier 3no longer active | Kwakol Markets Limited (company registration) | fca.org.uk |
Checkable
Facts the comparison runs on
On the record
- The UK Financial Conduct Authority publishes a warning entry for 'Kwakol Markets / kwakolmarkets.com', stating the firm may be providing financial services or products in the UK without FCA authorisation.
- Review site GlobeGain reports it found no evidence of a valid licence from recognised authorities and notes earlier ASIC-licence claims appear to have been cancelled.
- Review site ForexBrokersOnline states its checks of official registers found the broker is not currently a member of the US registers (MSB/NFA) its own marketing claims.
- WikiFX lists an ASIC AR (appointed representative) arrangement only, not a direct ASIC licence.
| Trading since | not verified |
|---|---|
| Base | not verified |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | MT4, MT5 |
| Account tiers | |
| Markets | Forex, Stocks, Commodities, Indices, Cryptocurrencies, CFDs |
| Record confidence | low |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- legalEntities: no verifiable licence number found for any Kwakol entity (replaced in this batch by reserve broker KVB Kunlun per batch rules; this record kept as low-confidence)
- founded: not verified
- hq: not verified from a primary source
- minDeposit: not verified
- maxLeverage: not verified
- spreadEurusd: not verified
- accountTypes: not verified
- segregatedFunds: not verified
- negativeBalanceProtection: not verified
- publiclyListed: not verified
- accountTypes: not verified from a primary source
Costs less
Who beats Kwakol Markets on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.