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Account TypesKwakol offers a wide range of account types, all designed to suit a diverse range of trading styles. There are six main types of accounts on our platform at the moment: Standard, Professional, ECN, Cent, No-Swap(Islamic), and VIP Account. Each account type offers its own set of conditions for commission, margin call, and leverage among many others. STANDARD ACCOUNT Standard account is ideal for traders looking for a traditional trading experience.
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Limit OrderA Limit Order is a type of Pending Order set in a direction opposite to what is profitable, in order to increase profits. The types of Limit Orders are: To Open: Buy Limit: to buy at a price lower than the current ask price. Sell Limit: to sell at a price higher than the current bid price. To Close: Take Profit: to close a profitable position. How to place a Limit Order
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How to check your trading history?On Kwakol, there are multiple ways to access your trading history. Let’s show you the different ways you can see all trading history. From the Kwakol Trader’s room: Sign into your dashboard, go to history, then analytics. under analytics you will be able to see all your trading history from Open Positions to All Deals to Pending Orders. Desktop Terminal: If using MT4 or MT5 desktop terminals, you can access trading history from the Account History Tab.
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Is Kwakol regulated?Kwakol Markets is an authorized Finance company by Australia Security and Investment Commission (ASIC) with an Australian Financial Services number 001295040 & 656656665 Kwakol Markets also has a Foreign Exchange dealer License issued by FINTRAC Money Services Canada; the registration number is M22600427 Kwakol Markets is a wholly-owned enterprise which has an MSB (money services business) license issued by the U.S. financial system and NFA license issued by NFA (National Futures Association).
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Can I trade during the Weekend?The trading hours of most instruments offered are completely closed during weekends so it is not possible to trade. However, Cryptocurrencies are an instrument group that continues to be traded on weekends. This means it is possible to trade during the weekend but only instruments from the Cryptocurrencies group.
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Can a friend/family member trade for me?Yes! So someone that has your login details can actually trade for you but we strongly recommend you do not share your trading account or trader’s room credentials with anyone. Trading performed by anyone other than you, can bring unexpected results.