Kwakol Markets vs Raceoption

Kwakol Markets or Raceoption – which is better for UK traders 2024? Compare Kwakol Markets and Raceoption in this detailed breakdown of their platforms, features and fees.

Kwakol Markets vs Raceoption Comparison Table 2024
Kwakol Markets Raceoption
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0.8
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3.5
Kwakol Markets is ranked #53 among CFD brokers. Raceoption is ranked #8 among binary options brokers.
Review
Review
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. 		RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
Pros
  • Kwakol Markets offers a comprehensive charting environment for active traders, including 70+ pre-installed indicators in cTrader
  • All third-party terminals support trading bots which will serve experienced algo traders
  • You can access 1000+ short-term investments, including cryptos and synthetic products
  • There are excellent market research tools available to support trading decisions, including the Acuity Expert Advisor and AutoChartist
  • There's a wide range of free learning resources for beginners, including an eBook, online courses and a Telegram community channel
  • Beginner-friendly copy trading opportunities in the broker's proprietary trading platform
  • Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour
  • Well-optimised proprietary mobile trading app with instant execution, full trading history and responsive live charts
  • First 3 trades are risk-free in the Silver and Gold accounts, with only $1,000 required to be eligible
  • Sign-up bonuses from 20%, plus weekly trading contests and prize giveaways
  • Flexible weekend trading available plus 24/7 multilingual customer support
  • High payouts on popular underlying assets up to 95%
Cons
  • There's a limited range of funding methods, with just bank transfers, card payments, and PayPal available - many top brands like AvaTrade offer 10+ methods
  • You must deposit at least $10,000 to access the best trading conditions
  • The only base currency available is USD
  • $250 minimum deposit is higher than other binary options brokers
  • Unregulated broker with lower safety score
  • Limited educational resources
  • Withdrawal thresholds apply
  • No free demo account
Awards
  • Best Broker Africa 2022 - UF Awards
  • Most Trusted Broker Nigeria 2022 - UF Awards
  • Best Emerging Broker 2022 - - UF Awards
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto Binary Options, CFDs
Bonus
20% - 200% Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
£250 $250
Payment Methods
Minimum Trade
0.01 Lots $0.01
Regulator
ASIC, FINTRAC
Mobile Apps
iOS & Android iOS & Android
Trading App

Despite a couple of connection issues during testing, the RaceOption mobile trading solution overwhelmingly delivers. All the settings you need to amend binary parameters are available around the chart and it’s as simple as clicking the ‘Up’ and ‘Down’ buttons to confirm a trade. Clicking ‘My Trades’ in the bottom left of the mobile interface also makes monitoring multiple trades a hassle-free exercise.
iOS App Rating
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4
Android App Rating
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3.8
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
Yes No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
Yes No
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
Yes No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes 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. Replicate the positions and strategies of multiple traders while leveraging the RaceOption leaderboard. You can start copy trading in three fast steps and follow multiple traders simultaneously.
Social Trading
No Yes
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
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
Commodities
  • Gold
  • Silver
  • Copper
  • Platinum
  • Palladium
  • Oil
  • Natural Gas
  • Silver
  • Gold
  • Coffee
  • Oil
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. Access a modest range of CFD instruments across key markets, including indices and commodities. Clients can trade directly from charts with high leverage up to 1:500 and customisable time intervals.
Leverage
1:1000 1:500
FTSE Spread
0.8 Floating
GBPUSD Spread<
0.8 Floating
Oil Spread
0.8 Floating
Stocks Spread
0.8 Floating
Forex
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. Trade 25+ major and minor currency pairs with access to over 30 technical indicators in the broker's proprietary terminal. You can also follow and replicate other forex trades using the integrated copy trader.
Assets
90+ 25+
GBPUSD Spread
0.8 Floating
EURUSD Spread
0.8 Floating
EURGBP Spread
0.8 Floating
Cryptocurrency
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. Trade popular crypto CFDs with leverage up to 1:30 and utilize convenient crypto funding in Bitcoin, Ethereum or other altcoins. You can also enjoy fully flexible, 24/7 crypto trading at home or on the go. Cryptos are paired with USD and CNY.
Spread
From 0.8 pips (Standard Account) Floating
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
RaceOption offers 100+ binaries with decent payouts up to 95% and ultra-fast expiries from 5 seconds. With a $250 minimum deposit, clients can enjoy free deposits, fast withdrawals and a range of trading bonuses.
Payout
95%
Expiration Times
5 seconds - 30 days
Boundary Options
No No
Ladder Options
No Yes
Kwakol Markets Raceoption
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