7 minute read
JustMarkets vs Kwakol: Which Broker Is Right for You?
from JustMarkets
by Exness_India
If you're choosing between JustMarkets and Kwakol for your trading journey, the decision comes down to what kind of trader you are and what features you prioritize—regulation, spreads, platform options, asset variety, or support. Right from the start, let’s be clear: JustMarkets offers broader global access, deeper liquidity, and better transparency, while Kwakol appeals more to African traders seeking copy trading and simplified tools. But which one is right for you? Let’s break it down thoroughly.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Regulation and Trustworthiness
JustMarkets is a globally recognized brokerage operating under Just Global Markets Ltd, regulated by the Financial Services Authority (FSA) of Seychelles. While Seychelles isn’t the strictest jurisdiction, JustMarkets enhances trust by offering segregated accounts, negative balance protection, and clear trading conditions. Its longstanding presence in the industry since 2012 also adds credibility.
On the other hand, Kwakol is relatively new to the global scene. It's based in Nigeria and holds regulatory licensing from the Nigerian SEC. While this works well for local traders, it doesn't carry the same international regulatory weight. Kwakol is still building its brand credibility outside Africa and hasn’t yet gained trust from stricter global regulators like FCA or ASIC.
Verdict: If you value globally recognized regulation and want to avoid jurisdictional uncertainty, JustMarkets offers better assurance.
Trading Platforms and Tools
JustMarkets offers the full suite of MetaTrader 4 and MetaTrader 5, which are industry standards trusted by millions worldwide. These platforms provide advanced charting tools, algorithmic trading capabilities, and deep customizability. MetaTrader 5, in particular, supports more order types and faster execution, ideal for scalpers, day traders, and EA users.
Kwakol, however, tries to stand out with its proprietary copy trading solution and simplified user interface. While this works well for beginners or passive investors, it lacks the sophistication needed for active and professional traders. Advanced strategies and technical indicators are limited.
Verdict: Serious traders should lean toward JustMarkets for its professional-grade platform support, while beginners may find Kwakol’s simplicity more user-friendly.
Asset Variety and Market Coverage
One of JustMarkets' biggest strengths is its diverse range of trading instruments. You can access over 170 instruments including:
Forex pairs (majors, minors, exotics)
Indices
Metals (Gold, Silver)
Energies (Oil)
Cryptocurrencies
Stocks
This allows for both diversification and targeted strategy development.
Kwakol, by contrast, has limited asset offerings, with a focus on forex and a few CFDs. Their instrument range doesn’t come close to JustMarkets, making it difficult for traders who want exposure to global equities, commodities, or crypto from one account.
Verdict: For traders who demand flexibility and broad market access, JustMarkets clearly wins.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Trading Costs and Spreads
JustMarkets provides tight spreads starting from 0.0 pips on ECN and Raw Spread accounts. Commission charges are competitive, and leverage can go as high as 1:3000 (depending on jurisdiction). They’re transparent with their fee structure, with no hidden costs.
Kwakol’s spreads are higher on average, and commission details are not as clearly published. While the broker tries to make up for it by offering bonuses or promotions, that doesn’t substitute for actual cost efficiency in the long term. Slippage and order execution delays have also been reported by some users.
Verdict: Traders looking to minimize costs will benefit more from JustMarkets' lower spreads and transparent pricing.
Account Types and Minimum Deposits
JustMarkets caters to a wide range of traders with four primary account types: Standard, Pro, Raw Spread, and Cent. The Cent account is particularly attractive to beginners who want to practice with minimal risk. Minimum deposits start as low as $1, making it extremely accessible.
Kwakol also offers multiple account types but lacks the same granular customization. It’s more focused on managed accounts and copy trading. The minimum deposit tends to be higher than JustMarkets for standard accounts, and the lack of a Cent-style micro account limits low-risk experimentation.
Verdict: JustMarkets provides more flexibility for both novice and experienced traders, especially in terms of deposit requirements.
Copy Trading and Passive Income Options
If your goal is to generate passive income through copy trading, Kwakol has carved a niche. Their social trading feature allows users to follow top-performing traders and copy their strategies with ease. It’s a beginner-friendly system that doesn't require you to understand complex charting or market trends.
JustMarkets has also introduced copy trading, but it’s relatively newer and still growing in terms of community size and strategy diversity. However, because it’s integrated into MetaTrader, it does provide more professional-level filtering and analytics.
Verdict: Kwakol is the better choice today for copy trading beginners, though JustMarkets' system is catching up fast and may surpass it in the long term due to stronger infrastructure.
Educational Resources and Customer Support
JustMarkets invests heavily in education, offering video tutorials, market analysis, daily forecasts, and webinars. They support traders from various regions with multilingual service, live chat, and a responsive ticketing system.
Kwakol also provides education, but it’s more locally focused on African traders. The depth of content is limited when compared to global competitors. Their support is responsive, but may not always be available in all regions or time zones.
Verdict: If you’re serious about learning and want consistent, international-level support, JustMarkets is a better pick.
User Experience and Interface
Kwakol has a clean, beginner-friendly interface that simplifies trading activities. Its mobile-first design is appealing to a younger demographic that prefers trading on smartphones. However, this comes at the cost of professional tools and customization.
JustMarkets offers a more traditional interface via MT4 and MT5, which may look dated but packs powerful capabilities for serious traders. The learning curve is steeper, but the potential is much greater.
Verdict: Kwakol is easier for new traders to navigate, but JustMarkets rewards those willing to invest in learning the tools.
Funding and Withdrawal Methods
JustMarkets supports a wide range of funding methods, including bank transfer, Visa/MasterCard, e-wallets like Skrill, Neteller, Perfect Money, and cryptocurrencies. Withdrawals are usually processed within 1-2 business days.
Kwakol focuses more on local Nigerian options like bank transfers and some regional payment gateways. Global users may find fewer convenient options, and international processing times can be longer.
Verdict: JustMarkets offers faster and more flexible funding/withdrawal options for international users.
Final Verdict: Which Broker Is Right for You?
If you're a global trader looking for deep market access, advanced tools, better spreads, and long-term reliability, JustMarkets is the stronger and safer choice. It’s ideal for both beginners who want low-risk entry points and professionals seeking advanced performance.
On the other hand, Kwakol might be a good fit if you're a beginner in Africa, particularly Nigeria, and want to engage in simple, hands-off trading via copy trading. However, it lacks the global presence, market depth, and regulatory strength that more seasoned traders typically require.
Bottom Line
Choose JustMarkets if:
You want full MT4/MT5 access
You're aiming to trade multiple asset classes
Regulatory trust and international infrastructure matter to you
You value tight spreads and clear cost structures
Choose Kwakol if:
You're a beginner from Africa looking for a localized trading experience
You prefer copy trading and passive strategies
You want a simpler platform with fewer features
In the world of trading, choosing the right broker isn’t just about convenience—it’s about trust, tools, and long-term performance. JustMarkets offers a more well-rounded, globally competitive edge, while Kwakol currently fills a niche for regional copy trading with potential for growth.
Ultimately, your trading goals should decide the direction. But if you're aiming for scale, freedom, and control, JustMarkets comes out on top.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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