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The WikiFX Score of this broker is reduced because of too many complaints!

Kwakol Markets

United States|2-5 years|
Regulated in Australia|Appointed Representative(AR)|MT4/5 full license|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://kwakolmarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
KwakolMarketsLtd-Demo MT4
Server Location United Kingdom

Contact

+44 7862 144547
admin@kwakolmarkets.com
https://kwakolmarkets.com/
652 57th St 2F Brooklyn, New York, USA
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 7862 144547

Broker Information

More

Company Name

Kwakol Markets

Company Abbreviation

Kwakol Markets

Platform registered country and region

United States

Company website
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Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 3
Previous Detection : 2024-02-28
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United StatesNFA (license number: 0541103) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

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Pyramid scheme complaint
Expose
Unable to withdraw

Cannot withdraw 1795 dollars

Replenished the account on September 21, 2022. Made a profit of 1795 dollars. First, something was checked, then redirected from manager to manager. As a result, the trader's personal account was blocked for no reason. I wrote to their director Yakubu Ishaku Teri on instagram, he just does not respond to messages. I wrote to all support contacts, they all ignore. The withdrawal amount is 1795 dollars. My account is 2100240955. TransactionID: 6df844f93e06a42b85bff3c9bb617894bbf86d0d5394dc78f5bbef4776cdfa68

2022-11-03 23:16
Scam

Help me with Justice: $250 to $20452 deposit scam, mis lead and mis guidance, fake promises

I got some AD on Robotic trading and clicked on link, immediately got call from Kwakol (phillip.williams@kwakolmarkets.com) and person asked me to invest refundable deposit of $250 where robot will do its job of trading will have every day profit as they scheduled and programmed. I was also assigned Finance advisor called Alexandar who said will teach me trading. Few trades they did where my account showed profit of $50+ profit and later there were some trades that were going negative, and they were positions were not stopped. I followed up and there was no response. I left for month due to my exams this happened DEC2022 month. Later person named Mathew called me on Jan 26th 2023 (Mathew.Jefferson@kwakolmarkets.com). He introduced himself well and said he is 10-15 yrs experienced in this field and can teach me trading and I will also earn profit and will withdraw twice a month etc. He also told he has never traded with $250 and would need more than $1K in my account. He convinced me to put $1750 where he said will add some bonus that I can use for trading. First thing he asked me to trade was WTI, most volatile and risky instrument. I was completely newbie and it was my first time in trading. He showed me Inventory report and asked me to trade accordingly. Few trades worked and few did not. I also made some test withdrawal of $300+$100.Later all my trades started going in negative. He asked me to open WTI trades with volume 100 max, told not to be afraid and keep opening the trade till my margin is 200%. I just followed and later when trades went opposite direction margin started going down and some I closed loss trades against profits. I approached Mr.Mathew for help and he advised me not to close with losses instead to deposit more. In order to save $1750, I deposited $2250 and till e assured he will work and save my account. Did not turn up after several emails. He replied saying he is busy with his new position would assign someone to help me and never did. I have his email where he clearly says he has been ignoring his clients due to his new role and responsibility else my account could have been recovered with minimal help. After point he stopped replying and I again got margin call :-( I can't explain the stress I went through, and I have 3 yrs old kid to look after. By then I had deposited $10,028 to recover my capital :-(. Trust me I did not have any withdrawal apart from the test withdrawal of $300+$100=$400.   Later person called Robert pitched in "robert.brent@kwakolmarkets.com" said he is recovery manager for Kwakol and they are only 4 people in entire company and will help me recover my account as it was in RED Alert. He spoke for more than 2hrs and end of conversation same thing, asked me to deposit more to recover :-(. He suggested 3K deposit I did not have and he put some $500 as bonus and kept insisting me to deposit. He took one week showing his expertise, skills, placed some trades and showed me how profit can be made. He said Mr.Mathew was sales agent whose job is to get more deposits from client while Mr.Robert is permanent employee and very senior person. He assured these things will not happen and I will recover my account if I listen to him. It was so stressful, and I did not want to loose $10,028 so I had to deposit $3K(First I did 1K and after seeing he has tine for my account, I did 2K) to save my account. Started doing small trades where my margin moved to 400%. Equity started showing 40 to 50% recovery. Robert kept believing only one thing that is US Recession is coming and Gold will move up and Nasdaq will drop down. He showed some web links which did not clearly say though. Also he said never trade on WTI and half hedged WTI positions (Bought when it was 80+) and told not to trade on WTI as its volatile. Did not allow me to close BUY positions even though WTI was moving down. All he said was we will make good profit and then close the trades with losses :-(  Slowly he started saying as am recovering my account I will be handed over back to someone and he is afraid I will get back to same situation. For that I told I will close my account once I recover my capital, I am not even looking for single dollar profit. I said I will come back only when I learn.  He said, "He does not want to lose such potential client like me and showed how much Gold can make for me and I will be out of this mess in month if I listen to him". His proposal was to put 5K more when I had already put 15K+.He said I will be assigned to someone else as he handles people only with 50K+ deposits as he being senior account manager and told I would continue with his account ship if my total deposit is 10K under him.He kept calling me, following up. I denied over call, over emails and stopped picking few times, gave some excuses too. Finally, one fine day he gave written confirmation that by June 10th I will withdraw 10K amount and my equity will be 30K. He also ensured over call I will not have single trade in Loss (Kwakol has recorded calls they can always review). He also gave me confirmation that apart from 10K I will withdraw twice month, I will be completely out of this mess. I had second baby plan hence me and my husband took call to get over this mess as Robert seemed genuine, God believing person, told he would swear on his daughter etc. He also advised to use credit card or do loan as its matter of just one month. So I went extreme closing my bank account, one of fixed deposit, borrowed from my mom and my husband made some personal loan as well. We accumulated and did multiple deposits. USD to my country currency is 82.X hence its huge huge amount I risked. I still remember Robert was awake around 2.30am of his time until I made my last deposit :-( ($20452 is the total deposit I made till now apart from my initial $250 refundable deposit)This dedication was never there after I deposited. He asked me to open Gold BUY position when it was already at its resistance. He kept saying its recession time, keep buying on dips (I have emails). Asked me to SELL Nasdaq as recession would make companies fall, kept saying its similar to 2008 recession etc :-(. He also said he has witnessed 2008 recession and spoke for hours until I am convinced. Gave me Google hang out Chat and asked me to keep updating my account with screen shot, assured me he is closely watching my account, asked me not to hedge, not to take any position in opposite direction, not to close any position. I did everything he said. One fine day I got margin call again where new person called and told in absence of Mr.Robert he is handling, asked me for one more deposit. I broke down emotionally and wrote back to Robert. Next day Mr.Robert called me saying saying he was unwell,so it was temporary person who called and would not happen again as he is one of the Boss and nothing will happen to my account. The person who told not to hedge and not to take any trades in opposite direction he himself asked me to open hedge position to save my account, it was already June 10th, promised day where I was supposed to recover my account :-(. He asked me again 3k I started crying, so he said he will put from his bonus and made me feel guilty and he put some 3K+1K bonus opened some trades on hedge. Told he is monitoring again. Now I see all my trades closed, my all capital is GONE :-( He was not even aware that my account is washed out, said sorry and told me to come back fresh. There is interest rates coming in US and he will open trades on GOLD sell asking me to deposit again :-( I have put everything I had listening to these people advise who claim to be professionals, god believers, competent and gave me written assurance. Please help me to get my deposit as its not my fault. I have put everything I had where I can survive($20.452k capital) more than 7yrs in my country without earning anything. Please help me to fight against the fraud.   I got my case reviewed from expert traders and academy they said its a trend and totally scam. They said any professional or real finance broker will never advise first trade on WTI, will never buy when instrument is already priced, will never do biased trading (Believing on recession etc). He asked me to keep selling Silver as GOLD was going down, but Gold and Silver dont necessarily move in same direction. 

2023-07-25 22:58

    Kwakol Markets · Company Summary

    Kwakol Markets Basic Information
    Registered Country/Region United States
    Founded in N/A
    Regulation ASIC ( AR license)
    Trading Instruments forex, stocks, commodities, indices, cryptocurrencies, and CFDs
    Trading Accounts Multiple account types
    Leverage Up to 1:500
    Spreads N/A
    Trading Platforms WebTrader, MT4, MT5, cTrader
    Minimum Deposit Vary depending on account types ($10 for most payment methods)
    Customer Support Email, Phone, Live Chat
    Deposit & Withdrawal Bank Card, Bank Tranfer, Bitcoin, Ethereum, Help2Pay, Litecoin, Match2Pay, Online Bank Tranfer, Ozow, PayPal, Sticpay, UPI, USDT.
    Educational Resources Courses, Classes, News, E-books
    Trading Tools Autochartist
    Copy Trading Supported

    *Please note that some specific details such as deposit and withdrawal options, spreads, commissions, and educational resources are not available. It is recommended to visit the official website or contact Kwakol Markets directly for more information and to verify the details.

    Overview of Kwakol Markets

    Kwakol Markets is a broker registered in the United States,and offering a range of trading instruments across various markets. This includes forex currency pairs, commodities, indices, and more.

    Kwakol Markets offers a wide range of trading account options to cater to different traders' needs. Whether you are a beginner or an experienced trader, you can choose an account type that suits your needs. Each account type may come with specific features, such as different minimum deposit requirements, spreads, and commission structures. The minimum deposit to open a standard account is $250, and this broker also provides an Islamic account with the minimum deposit of $1.

    One notable feature of Kwakol Markets is its generous leverage, which can reach up to 1:500. This high leverage allows traders to amplify their trading positions and potentially maximize their profit potential. However, it is important to note that higher leverage also entails increased risk, and traders should exercise caution and implement appropriate risk management strategies.

    Kwakol Markets provides customer support to assist traders with their inquiries and concerns. The broker offers various channels to reach their support team, ensuring accessibility and responsiveness. Traders can typically contact customer support through email, phone, or live chat.

    Kwakol Markets takes it a step further by offering copy trading. By incorporating copy trading into their trading experience, clients of Kwakol Markets can benefit from the wisdom and expertise of top traders in real-time, enhancing their chances of achieving profitable outcomes while also learning and improving their own trading skills along the way.

    basic-info

    Pros and Cons

    One of the standout features is its multiple trading account options, allowing traders to select an account that suits their individual needs and preferences. The generous leverage of up to 1:500 provided by Kwakol Markets is also noteworthy. Additionally, the availability of various trading platforms, including webtrader, MT4, MT5, and cTrader, offers traders the flexibility to choose a platform that aligns with their trading style. The inclusion of useful trading tools like Autochartist further enhances the trading experience by providing valuable market analysis and pattern recognition.

    However, there are a few considerations to keep in mind when trading with Kwakol Markets. The limited customer support options, particularly the absence of live chat, may be a drawback for some traders who prefer immediate assistance. Additionally, the lack of educational resources might be a disadvantage for those seeking comprehensive learning materials and educational support to improve their trading skills.

    Pros Cons
    Multiple trading account options No regulation
    Generous leverage of up to 1:500 High minimum deposit required by some account types
    Multiple trading platforms to choose from (MT4, MT5, cTrader) Potential variation in trading conditions across accounts
    Availability of trading tools like Autochartist Limited availability of educational resources
    Low minimum deposit for Islamic account No demo accounts available
    Copy trading available

    Market Intruments

    Kwakol Markets provides an extensive array of trading instruments, allowing investors to access a wide range of financial markets.

    • Forex Trading: Forex, also known as foreign exchange, involves trading currency pairs in the global market. Traders can speculate on the relative value of different currencies and potentially profit from fluctuations in exchange rates.

    • Stock Trading: Stock trading allows investors to buy and sell shares of publicly traded companies. Traders can participate in the stock market and potentially benefit from the price movements of individual stocks.

    • Commodities Trading: Commodities refer to physical goods such as gold, silver, oil, and agricultural products. By trading commodities, investors can speculate on the price movements of these assets, which can be influenced by factors such as supply and demand dynamics and global economic conditions.

    • Indices Trading: Indices represent a group of stocks from a specific sector or region, providing a snapshot of the overall performance of the market. Traders can speculate on the direction of indices, such as the S&P 500 or FTSE 100, to potentially capitalize on broad market trends.

    • Cryptocurrency Trading: Cryptocurrencies are digital or virtual currencies that utilize cryptography for secure transactions. Kwakol Markets allows traders to engage in cryptocurrency trading, enabling them to buy and sell popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.

    • CFD (Contract for Difference) Products: CFDs are derivative financial instruments that enable traders to speculate on the price movements of various underlying assets, such as stocks, commodities, or indices, without owning the assets themselves. CFD trading offers flexibility and the opportunity to profit from both rising and falling markets.

    market-instruments
    market-instruments

    Account Types

    Kwakol Markets caters to the diverse trading preferences of its clients by providing a rich selection of trading instruments across various account types. Traders can choose from an impressive array of account options, including standard account, no-swap account, pro account, gold account, platinum account, diamond account, premium account, and VIP account.

    account-types

    Standard Account

    The standard account is suitable for traders looking for a traditional trading experience.

    • Minimum Deposit: The minimum deposit requirement for the Standard Account is $250.

    • Spreads: The spreads on the Standard Account are competitive, starting from 0.8 pips.

    • Leverage: The leverage available on the Standard Account is up to 1:200, providing traders with the opportunity to amplify their trading positions.

    account-types

    Islamic Account

    The no-swap account is ideal for those who follow Islamic principles and require a swap-free trading environment.

    • Minimum Deposit: The No-Swap Account also requires a minimum deposit of $1.

    • Spreads: Similar to the Standard Account, the No-Swap Account offers competitive spreads starting from 1.6 pips.

    • Leverage: Traders utilizing the No-Swap Account can also take advantage of leverage up to 1:1000, enabling them to enhance their trading opportunities while adhering to Islamic principles.

    account-types

    Pro Account

    The pro account is tailored for experienced traders seeking advanced trading tools and features.

    • Minimum Deposit: The Pro Account has a higher minimum deposit requirement of $10,000, catering to more experienced traders.

    • Spreads: The Pro Account features even tighter spreads, starting from 0.01 pips.

    • Leverage: Traders on the Pro Account can enjoy leverage up to 1:300, allowing for greater flexibility in executing trading strategies.

    account-types

    Gold Account

    The Gold account is suitable for traders with a higher investment capital and more trading experience.

    • Minimum Deposit: The Gold Account requires a higher minimum deposit, typically starting from $10,000.

    • Spreads: Traders on the Gold Account can access even tighter spreads than the previous accounts, spreads from 0.01 pips.

    • Leverage: The Gold Account offers leverage up to 1:400, providing traders with ample opportunities to maximize their trading positions.

    account-types

    Platinum Account

    The Platinum account is suitable for seasoned traders and institutional clients.

    • Minimum Deposit: The Platinum Account has a higher minimum deposit requirement, usually starting from $100,000.

    • Spreads: Traders on the Platinum Account can benefit from ultra-tight spreads, starting from 0.0 pips.

    • Leverage: The Platinum Account offers leverage up to 1:450, giving traders the flexibility to amplify their trading potential.

    account-types

    Gold Account

    The Gold account is suitable for professional traders and high-net-worth individuals.

    • Minimum Deposit: The Gold Account requires a significantly higher minimum deposit, typically starting from $250,000.

    • Spreads: Traders on the Gold Account enjoy the tightest spreads available, starting from 0.0 pips.

    • Leverage: The Gold Account offers leverage up to 1:500, empowering traders to make the most of their trading opportunities.

    account-types

    Premium Account

    The Premium Account is suitable for high-volume traders, institutional clients, and individuals with specific trading needs.

    • Minimum Deposit: The minimum deposit requirement for the Premium Account is $25,000.

    • Spreads: The Premium Account offers competitive spreads tailored to meet the specific needs of high-volume traders, starting from 0.01 pips.

    • Leverage: Traders on the Premium Account can access leverage up to 1:500, providing them with the flexibility and power to execute their trading strategies effectively.

    account-types

    VIP Account

    The VIP account is suitable for high-volume traders, institutional clients, and individuals with specific trading needs.

    • Minimum Deposit: The minimum deposit requirement for the VIP Account is $1,000,000.

    • Spreads: Traders of this account can enjoy raw spreads from 0.0 pips.

    • Leverage: Traders on the VIP Account can access leverage up to 1:1000, providing them with the flexibility and power to execute their trading strategies effectively.

    account-types

    How to open an account?

    1. 1.Visit the Kwakol Markets website: Go to the official Kwakol Markets website. Click on “Open Account” or “Sign Up”: Look for the registration or account opening section on the website and click on the “Open Account” or “Sign Up” button.

    2. open-account

    2. Fill out the registration form: Provide the required information, including your personal details such as name, email address, phone number, and country of residence. You may also need to choose the type of account you wish to open.

    3. Submit verification documents: As part of the account opening process, Kwakol Markets may require you to provide certain verification documents, such as a copy of your identification document (e.g., passport or driver's license) and proof of address (e.g., utility bill or bank statement). Upload these documents as instructed.

    4. Agree to terms and conditions: Read and understand the terms and conditions of Kwakol Markets. If you agree, tick the box or click the checkbox indicating your acceptance.

    5. Account verification: Once you have submitted the registration form and verification documents, the Kwakol Markets team will review your application and documents. They may contact you for further information or clarification if needed.

    6. Fund your account: After your account has been approved and verified, you can proceed to fund your trading account. Kwakol Markets typically offers various payment methods, such as bank wire transfer, credit/debit cards, or online payment processors. Follow the instructions provided by Kwakol Markets to deposit funds into your account.

    7. Start trading: Once your account is funded, you can access the trading platform provided by Kwakol Markets and begin trading in the financial markets. Make sure to familiarize yourself with the platform, its features, and the available trading tools before placing any trades.

    Leverage

    Kwakol Markets offers generous leverage options for traders. The specific leverage levels may vary depending on the trading instrument and account type chosen. Typically, Kwakol Markets provides leverage up to 1:500, which means that traders can control a larger position in the market with a smaller amount of capital. Higher leverage can amplify both profits and losses, so it is important for traders to use leverage responsibly and understand the associated risks. Kwakol Markets may have specific leverage requirements or restrictions based on regulatory guidelines or the trader's level of experience. It is advisable to check with the broker directly or refer to their official website for the latest information on leverage offered for different trading instruments and account types.

    Spreads & Commissions (Trading Fees)

    The specific spreads can vary based on market conditions, liquidity, and the type of account. Generally, major currency pairs tend to have tighter spreads compared to exotic currency pairs or other financial instruments.

    Commissions: Some trading accounts at Kwakol Markets may have commission-based pricing. This means that traders are charged a fixed commission on each trade they execute. The commission is usually calculated based on the traded volume or lot size. It's important to note that not all trading accounts may have commissions, and there may be alternative fee structures based on spreads or mark-ups.

    Non-Trading Fees

    Kwakol Markets imposes certain non-trading fees, which are charges not directly related to trading activities. These fees may include:

    1. Deposit and Withdrawal Fees: Kwakol Markets may apply fees for deposits and withdrawals, depending on the payment method used. It is advisable to review the specific fee structure on their website or contact their customer support for detailed information.

    2. Inactivity Fees: Kwakol Markets may charge inactivity fees if an account remains dormant or inactive for a certain period. The fee amount and duration of inactivity may vary, so it is important to refer to the broker's terms and conditions for specific details.

    3. Conversion Fees: If you perform transactions in a currency different from your account's base currency, Kwakol Markets may charge conversion fees. These fees cover the cost of converting funds from one currency to another and are typically a percentage-based fee or a fixed fee.

    4. Overnight Financing Charges: For positions held overnight, Kwakol Markets may apply overnight financing charges, also known as swap fees. These charges are associated with the cost of maintaining leveraged positions overnight and can be either positive or negative, depending on the trading instrument and the prevailing interest rates.

    Trading Platform

    Kwakol Markets provides a range of advanced trading platforms to cater to the diverse needs of traders. The broker offers the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface, comprehensive charting tools, and extensive range of technical indicators. MT4 is widely regarded as one of the most reliable and powerful trading platforms in the industry.

    In addition to MT4, Kwakol Markets also offers the MetaTrader 5 (MT5) platform, which is the successor to MT4 and includes enhanced features and functionality. MT5 provides a more extensive selection of technical indicators, advanced charting capabilities, and a built-in economic calendar.

    trading-platform
    trading-platform

    cTrader

    For traders who prefer alternative platforms, Kwakol Markets also offers the cTrader platform. cTrader is known for its advanced trading capabilities, including fast order execution, depth of market (DOM) functionality, and a wide range of customization options.

    These trading platforms are available for desktop, web, and mobile devices, allowing traders to access their accounts and trade from anywhere at any time. The platforms provide a seamless trading experience, with real-time market data, order management tools, and various trading features to support traders' strategies and analysis.

    trading-platform

    Deposit & Withdrawal

    The minimum deposit required by most payment methods is $10. When it comes to payment methods, Kwakol Markets supports a wide range of options to cater to traders from different regions. These payment methods include Bank Card, Bank Transfer, Bitcoin, Ethereum, Help2Pay, Litecoin, Match2Pay, Online Bank Transfer, Ozow, PayPal, Sticpay, UPI, and USDT. These methods provide convenient and secure ways for traders to deposit and withdraw funds from their trading accounts.

    The processing time for deposits and withdrawals may vary depending on the chosen payment method. Generally, deposits are processed instantly or within a few hours, allowing traders to fund their accounts quickly and start trading. Withdrawals are usually processed within 1 to 5 business days, depending on the specific payment method and any additional verification requirements.

    It's important to note that some payment methods may have certain fees associated with them, such as transaction fees or currency conversion fees. Traders should review the details of each payment method to understand any applicable fees before making deposits or withdrawals.

    deposit-withdrawal
    deposit-withdrawal
    deposit-withdrawal

    Customer Support

    Kwakol Markets offers multiple channels for customer support, allowing traders to choose the most convenient option for them. These channels include email support, live chat support, and telephone support. With email support, traders can send their queries or requests to the dedicated support email address and expect a prompt response from the customer support team. Live chat support offers real-time assistance, enabling traders to engage in instant messaging conversations with a support representative. Telephone support provides a direct line of communication, allowing traders to speak with a support agent directly.

    Educational Resources

    Kwakol Markets offers a range of educational resources designed to enhance traders' knowledge and skills in the financial markets. Traders can benefit from a variety of educational materials, including comprehensive courses, interactive free classes, up-to-date market news, insightful e-books, and more. These resources are carefully crafted to cater to both beginner and experienced traders, providing valuable insights, strategies, and techniques to help traders make informed trading decisions. By accessing these educational resources, traders have the opportunity to expand their understanding of the markets and improve their trading proficiency, ultimately empowering them to navigate the financial markets with confidence.

    However, it's important to note that access to Kwakol Markets' educational resources, including courses, free classes, news, e-books, and more, is exclusively available through their online learning platform, known as Kwakol Markets Academy. By logging into the academy, traders can unlock these educational materials.

    educational-resources
    educational-resources

    Conclusion

    In conclusion, Kwakol Markets is a comprehensive online trading broker that offers a wide range of trading instruments, including forex, stocks, commodities, indices, cryptocurrencies, and CFDs. With multiple account types and competitive leverage options, traders have the flexibility to choose an account that suits their individual needs and trading preferences. The availability of popular trading platforms, such as MetaTrader 4 and MetaTrader 5, provides a user-friendly and feature-rich trading experience. Kwakol Markets also stands out with its diverse payment methods, ensuring convenient and secure deposit and withdrawal processes for clients. While the broker offers educational resources through Kwakol Markets Academy, it is important to note that access is limited to registered users. The customer support team is readily available to assist traders through various channels, including email and live chat. However, it is essential to consider the lack of regulatory oversight, as Kwakol Markets is not currently subject to any regulatory authority. Traders should exercise caution and conduct thorough research before engaging with this broker.

    FAQs

    Q: Is Kwakol Markets a regulated broker?

    A: No, Kwakol Markets is not currently regulated by any financial regulatory authority.

    Q: What trading instruments are available on Kwakol Markets?

    A: Kwakol Markets offers a wide range of trading instruments, including forex, stocks, commodities, indices, cryptocurrencies, and CFDs.

    Q: What are the available account types on Kwakol Markets?

    A: Kwakol Markets provides various account types, such as standard account, no-swap account, pro account, gold account, platinum account, diamond account, premium account, and VIP account. Each account type has different minimum deposit requirements and trading conditions.

    Q: What trading platforms does Kwakol Markets offer?

    A: Kwakol Markets offers a selection of popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and WebTrader. These platforms provide advanced charting tools, technical indicators, and order execution capabilities.

    Q: What payment methods are accepted for deposits and withdrawals?

    A: Kwakol Markets accepts various payment methods, including Bank Card, Bank Transfer, Bitcoin, Ethereum, Help2Pay, Litecoin, Match2Pay, Online Bank Transfer, Ozow, PayPal, Sticpay, UPI, and USDT.

    Q: What is the minimum deposit requirement for Kwakol Markets?

    A: The minimum deposit requirement varies depending on the chosen account type. It is recommended to check the specific account details on the Kwakol Markets website for accurate information.

    News

     Kwakol Markets reportedly disables clients’ accounts and blocks withdrawal requests.

    Exposure Kwakol Markets reportedly disables clients’ accounts and blocks withdrawal requests.

    2023-07-14 17:54

    In recent weeks, a wave of discontent has swept across social media platforms in Nigeria as investors voiced their frustrations over alleged account disabling and withdrawal issues with an investment platform called Kwakol Markets.

    WikiFX
    2023-07-14 17:54
    Exposure
     Kwakol Markets reportedly disables clients’ accounts and blocks withdrawal requests.
    One more person duped in forex fraud

    ExposureOne more person duped in forex fraud

    2023-06-30 12:55

    One more user duped in the forex trading fraud and approached Wikifx on 27 June 2023. The user is from India and filed a Complaint against Kwakol Markets regarding the Withdrawal issue.

    WikiFX
    2023-06-30 12:55
    Exposure
    One more person duped in forex fraud
    Discover the Benefits of Kwakol Markets' IB and Affiliate Programs

    NewsDiscover the Benefits of Kwakol Markets' IB and Affiliate Programs

    2023-04-24 11:45

    Kwakol Markets, a multi-asset broker based in Nigeria, offers partnership programs for introducing brokers and affiliates to earn commissions and rewards. These programs provide benefits such as revenue-sharing models, dedicated affiliate managers, instant withdrawals, and loyalty rewards. With more people turning to retail trading, these programs provide an opportunity for partners to benefit from the trend and maximize their earnings.

    WikiFX
    2023-04-24 11:45
    News
    Discover the Benefits of Kwakol Markets' IB and Affiliate Programs
    Everything you need to know about Forex Trading in South Africa

    NewsEverything you need to know about Forex Trading in South Africa

    2022-05-06 15:55

    The foreign currency market is the world's largest financial market, with daily trading volume exceeding 85 trillion ZAR.South Africa's daily forex trading volume is projected to be approximately 271 million ZAR, and the South African rand is among the top 20 most traded currencies, with an annual trading volume over 1 trillion ZAR.

    WikiFX
    2022-05-06 15:55
    News
    Everything you need to know about Forex Trading in South Africa

    User Reviews

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    none6617
    0-3months
    RUN AS FAST AS YOU CAN, DO NOT TRADE WITH KWAKOL, YOU WILL NEVER GET YOUR PAYMENT BACK, SUING THEM BIG TIME
    2024-01-02 07:52
    Reply
    0
    0
    FX4255247862
    more than one year
    This broker went out of business and keep accepting deposits and opening accounts. what a scam!
    2023-04-25 13:41
    Reply
    0
    0
    =上善@铠鸣℡(魯铠鸣)-盖闻U商
    more than one year
    I have been trading with them since I was in the USA. Now I am in Australia nd continue trading with them. Accessible in both of my countries. Best Broker so far for me.
    2023-02-17 11:46
    Reply
    0
    0
    timaye
    more than one year
    ok I'm new here in please i need a help from this app I'm not understanding things going here i want to know more about this app i we are to do good to people
    2023-01-10 14:16
    Reply
    0
    0
    FX1318573617
    more than one year
    Kwakol platform is a great
    2022-12-06 03:10
    Reply
    0
    1
    战洲
    more than one year
    I have been trading with this broker for a while, and it is a good broker. Firstly, no slippage occurred, trading environment was quite stable… Secondly, withdrawal processing time didn’t take much time, and basically, i received my money during the day. Thirdly, their customer support is very helpful, available to solve your problems.
    2022-12-01 16:36
    Reply
    0
    1
    FX1089805244
    more than one year
    One of the few brokers who provide support services in eight languages. I have already learned a lot about forex trading, and also a variety of forex terminology in different languages. Sometimes I will chat with their customer service online. Although they can’t always respond to me promptly, I still feel very happy to have a chat with them. If next time they can answer me more quickly, it will be much better. Now I have taken this place as my learning platform.
    2022-12-01 16:26
    Reply
    0
    1
    20fox
    more than one year
    Do not withdraw money 1795 dollars
    2022-11-03 23:04
    Reply
    0
    1
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