Kwakol Markets (kwakolmarkets.com) has been flagged by ASIC (Australia) for "Unlicensed". Overseas regulator warning: FCA https://www.fca.org.uk/news/warnings/kwakol-markets-kwakolmarketscom
Addresses: 220 350 Victoria St Richmond VIC 3121; Mall 169, Adetokunbo Ademola Crescent, Wuse ll, Abuja, Nigeria. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: kwakolmarkets.com.
I had a dispute with Kwakol Markets (kwakolmarkets.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Excellent charting|Real-time alerts|Wide product range|Easy withdrawals
Cons: Email notifications too frequent|Slow to add new assets
The only good thing about Kwakol Markets (kwakolmarkets.com) is that they remind you why regulation matters. I found them after seeing their ad online. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Portfolio tracking tools|Segregated accounts
Cons: Desktop app not available on Linux|Mobile app could be improved
The platform itself is okay, but the customer service at Kwakol Markets (kwakolmarkets.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Instant funding|Multi-currency support
Cons: Currency conversion fee exists|Onboarding videos are outdated
After since mid-2025 with Kwakol Markets (kwakolmarkets.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Customizable dashboard|Great customer service|Clean UI|Easy to use platform
Cons: No fractional shares|Inactivity fee applies after 12 months
Kwakol Markets (kwakolmarkets.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Reliable uptime|Professional team
Cons: Minor UI glitches occasionally
What really bothers me about Kwakol Markets (kwakolmarkets.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after comparing multiple platforms and I fell for the polished exterior. Never again.
Pros: Clean UI|API access|Social trading features|Intuitive for beginners
Cons: No crypto staking|No live chat on mobile
If you are reading this considering Kwakol Markets (kwakolmarkets.com) - run. I wish I had read more negative reviews after a trusted YouTuber reviewed them. I thought the positive ones were real. Maybe some are. My experience over since I opened my account last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Economic calendar|Fast deposits|Market news feed
Cons: Some tools only available on higher tiers|Help articles are sometimes vague
Kwakol Markets (kwakolmarkets.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Smooth onboarding|Portfolio tracking tools|Dedicated account manager|Reliable uptime
Cons: Alert system is basic|Could offer more webinars
I lost a significant amount because Kwakol Markets (kwakolmarkets.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Instant funding|Portfolio tracking tools|Good mobile app
Cons: Currency conversion fee exists
The reporting at Kwakol Markets (kwakolmarkets.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Fast deposits|Tax reports included|Multi-currency support
Cons: Desktop app not available on Linux|Would like more payment methods