Kwakol Markets review: Regulations, Platforms, Trading Instruments and Broker Ratings.

Not yet rated
Updated: Jul 13, 2024

What is Kwakol Markets?

Kwakol Markets is a forex broker with MetaTrader 5, MetaTrader 4 and cTrader as their trading platform in PC, Web and Mobile version. offers over 95 (of the most traded) currency pairs, stocks, commodities, gold, silver, other metals, oil, indices, bitcoin and other cryptocurrencies for your personal investment and trading options.

Please read KwakolMarkets Reviews below and share your live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1 *
Minimum to Open Live: $1
Established: 2020
Address: 220 350 Victoria St Richmond VIC, 3121, Australia
Contact:, +44 7862 144547, +44 2080 891164
Regional offices:
Regulators: ASIC #656656665
Prohibited countries:
Trading platforms: MT4, MT5, cTrader
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (95+)
Cryptocurrencies: (75+) Bitcoin, Litecoin, Ethereum
CFD: (190+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

Hedge: ✅ Yes
EAs/Robots: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

PAMM: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Online Bank Transfer, PayPal
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Online Bank Transfer, PayPal
* Offerings and features listed above may vary by account type, jurisdiction, and other factors. Please check the broker's website for more information.

Recent User Reviews of Kwakol Markets

Ilorin, Nigeria,
Mar 12, 2024,
Registered user

Denial of withdrawal

Service use: Live Length of use: 3-6 Months
I've placed a withdrawal since 11-08-2023 up till date I haven't been paid and I've sent several mails to them which led to no avail. Kwakol market is not a reliable broker due to their lack of accountability and transparency.
Moscow, Russian Federation,
Oct 19, 2022,
Registered user

Suspicion of fraud.

Service use: Live Length of use: 0-3 Months
Replenished the account with $ 100 on 09/21/22. It turned out to make a profit. I applied for withdrawal on 26/09/22, but they still do not withdraw. On 19/10/22, access to the personal account was closed altogether. My account is 2100240955. They contacted us last week, but they have been silent for 6 days.
1 trader has found this review helpful