S.A.M Trade vs Kwakol Markets
S.A.M Trade or Kwakol Markets – which is better for UK traders 2024? Compare S.A.M Trade and Kwakol Markets in this detailed breakdown of their platforms, features and fees.
| S.A.M Trade | Kwakol Markets |
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| S.A.M Trade is ranked #91 among CFD brokers. | Kwakol Markets is ranked #50 among CFD brokers. |
| S.A.M Trade is an STP/ECN broker that was established in 2015. The firm provides an impressive range of features and accounts to adapt to different needs, whilst its several rewards and bonus programmes will motivate traders of all levels. The company has used this ethos to obtain more than 200,000 clients and regulation from the ASIC. |
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 | |
| CFDs, Forex, Indices, Commodities, Futures, Cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | £250 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSC, ASIC, FINTRAC | ASIC, FINTRAC |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | 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 | |
| Yes | Yes |
| ECN Account | |
| Yes | 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 | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| The CopySam™ system offers straightforward copy trading across accounts with 10% to 40% profit sharing and a $100 minimum investment. | 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 | |
| MT4 | |
| 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 | |
| $50 | $10 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| S.A.M Trade offers a limited selection of 70 CFD products, with only two commodities and zero shares. However, we were impressed to see 17 of the world's most popular indices and leverage up to 1:500. | 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 | 1:1000 |
| FTSE Spread | |
| 50 | 0.8 |
| GBPUSD Spread< | |
| 2.4 - 2.6 | 0.8 |
| Oil Spread | |
| 5.0 cents | 0.8 |
| Stocks Spread | |
| NA | 0.8 |
| Forex | |
| S.A.M Trade offers 30 currency pairs and we found that all majors and most minors are offered via both STP and ECN execution systems. You can trade currency pairs on the MT4 platform with powerful charting and analysis tools. | 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 | |
| 30 | 90+ |
| GBPUSD Spread | |
| 2.4 - 2.6 | 0.8 |
| EURUSD Spread | |
| 1.7 - 2.0 | 0.8 |
| EURGBP Spread | |
| 2.4 - 2.7 | 0.8 |
| Cryptocurrency | |
| S.A.M Trade supports cryptocurrencies more than most brokers we see. Traders can access 20 different DeFi instruments, including crypto-crypto pairs and crypto-fiat pairs. | 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 | |
| Variable | 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 |
| S.A.M Trade | Kwakol Markets |
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