Quotex vs Kwakol Markets
Quotex or Kwakol Markets – which is better for UK traders 2025? Compare Quotex and Kwakol Markets in this detailed breakdown of their platforms, features and fees.
| Quotex | Kwakol Markets |
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| Quotex is ranked #10 among binary options brokers. | Kwakol Markets is ranked #50 among CFD brokers. |
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Quotex has closed or no longer accepts UK clients.
Established in 2019, Quotex is a binary broker that offers 400+ assets, including forex, stocks, indices, commodities, and cryptocurrencies. The platform emphasizes user-friendly features, complete with short-term contracts that span 5 seconds to 4 hours alongside payouts that can reach 95%. |
Kwakol have recently frozen a large number of accounts with little or no reason given to clients. This has included removing the ability to make withdrawals. We cannot advise joining Kwakol at this time.
Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of trading assets are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Binary Options on Stocks, Indices, Forex, Commodities, Cryptos | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | £250 |
| Payment Methods | |
| Minimum Trade | |
| $1 | 0.01 Lots |
| Regulator | |
| ASIC, FINTRAC | |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
Quotex offers a fully-featured trading app that’s packed with helpful tools, from dynamic charting to in-built signals. It follows the same user-friendly design as the web-based desktop platform, ensuring a smooth transition whether you’re trading from a computer, tablet or mobile device. The flexible design with light and dark modes is a nice touch. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| MetaTrader 4 | |
| No | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | Yes |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | 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 | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Auto Trading | |
| No | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Kwakol Invest continues to offer straightforward copy trading, connecting newbies with experienced traders. The leaderboard makes it easier to find suitable strategy providers with insights into the number of followers, total returns and more. You also only pay a fee on profitable positions, making the service more affordable than some competitors. | |
| Social Trading | |
| No | No |
| Trade Signals | |
| Daily Trading Signals | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| Yes | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $10 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| CFDs are available on a breadth of underlying assets, including stocks, indices, commodities, forex and cryptos. High leverage up to 1:500 is available alongside a 0.01 minimum lot size and award-winning software. For the tightest spreads from 0 pips, opt for the Premium account. | |
| Leverage | |
| 1:1000 | |
| FTSE Spread | |
| 0.8 | |
| GBPUSD Spread< | |
| 0.8 | |
| Oil Spread | |
| 0.8 | |
| Stocks Spread | |
| 0.8 | |
| Forex | |
| You can trade binaries on 40+ currency pairs including majors, minors and exotics. This is a smaller range of forex assets than some competitors but payouts are reasonable, climbing to over 80% on the EUR/USD during testing. | Kwakol Markets offers a wider range of forex pairs than most competitors, with 90+ assets available. Users get fast execution speeds and competitive spreads through the ECN model. On the negative side, not all currency pairs are available on MT4. |
| Assets | |
| 40+ | 90+ |
| GBPUSD Spread | |
| N/A | 0.8 |
| EURUSD Spread | |
| N/A | 0.8 |
| EURGBP Spread | |
| N/A | 0.8 |
| Cryptocurrency | |
| Quotex only offers binary options trading on three cryptos. Yet while the range of digital currencies is narrow, there are leading tokens, including Bitcoin and Dogecoin. Payouts on cryptocurrencies are also above average based on our latest tests. | You can trade cryptos against cryptos, fiat currencies, and even metals like gold. This separates the broker from many alternatives that only offer cryptos paired with the USD. Additionally, with high leverage up to 1:20, Kwakol Markets is a top choice for crypto traders. |
| Spread | |
| N/A | From 0.8 pips (Standard Account) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Quotex continues its streak near the top of the industry with ultra-short-term binaries on a growing selection of 400+ assets and payouts up to 95%. The firm provides a web platform that delivers a smooth user experience with a clean design, multiple charting styles, dozens of indicators and daily signals for actionable trading ideas. | |
| Payout | |
| 95% | |
| Expiration Times | |
| 5 seconds - 4 hours | |
| Boundary Options | |
| No | No |
| Ladder Options | |
| No | No |
| Quotex | Kwakol Markets |
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