What Account Types and Fees Does Kwakol Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Floating spreads from 0.8 pips, no commission |
Minimum deposit of $250 |
| No-Swap (Islamic) Account |
Islamic traders |
Floating spreads from 1.6 pips, no commission, swap-free |
Minimum deposit of $1 |
| Pro Account |
Experienced traders |
Floating spreads from 0.01 pips, no commission |
Minimum deposit of $10,000 |
| Gold Account |
High-cap traders |
Floating spreads from 0.01 pips, no commission |
Minimum deposit of $25,000 |
| Platinum Account |
High-cap traders |
Floating spreads from 0.0 pips, no commission |
Minimum deposit of $100,000 |
| Diamond Account |
High-cap traders |
Floating spreads from 0.0 pips, no commission |
Minimum deposit of $250,000 |
| Premium Account |
High-cap traders |
Floating spreads from 0.0 pips, no commission |
Minimum deposit of $25,000 |
| VIP Account |
Ultra high-cap traders |
Floating spreads from 0.0 pips, no commission |
Minimum deposit of $1,000,000 |
| Demo Account |
All traders |
Virtual funds for practice |
Available with no deposit required |
Account Opening Process
To open an account with Kwakol Markets, clients must complete a straightforward process involving the submission of personal, employment, and financial information. This includes providing identity verification documents such as an ID and proof of address. The process allows for flexibility, enabling clients to upgrade to a professional account at a later stage if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 |
Standard account minimum spread |
| Forex (Minor Pairs) |
0.8 |
$0 |
Standard account minimum spread |
| CFDs (Stocks) |
Variable |
Variable |
Dependent on account type |
| CFDs (Indices) |
Variable |
Variable |
Dependent on account type |
| CFDs (Commodities) |
Variable |
Variable |
Dependent on account type |
| Cryptocurrencies |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, Kwakol Markets has several other costs that traders should be aware of. These include deposit and withdrawal fees, inactivity fees after six months, and potential overnight interest (swap rates) for positions held overnight. Currency conversion fees may also apply based on the trading accounts’ currency settings.
