is kwakol markets regulated and legit?

@segun_33 - 7 months ago - Forex Brokers

Please how genuine is the broker Kwakol Markets? their website says they have an office in Nigeria but are they actually regulated or a scam?

@obinna - 7 months ago

Kwakol Markets used to be regulated by the ASIC in Australia but their license was terminated and they were deregistered. I confirmed this by visiting the ASIC website so you can reconfirm too.

Be careful, they are so many geuine forex brokers accepting Nigerian clients so you should not trade with unregulated brokers for any reason.

@pierre_r_carosso - 7 months ago

Kwakol Markets is also unregulated in the UK and the FCA United Kingdom has issued a warning against them. https://www.fca.org.uk/news/warnings/kwakol-markets-kwakolmarketscom

@kehinde - 7 months ago

Kwakol Markets is a scam, check their website it has shut down. Since EFCC Nigeria started going after the CBEX scammers, Kwakol Markets quickly shutdown their website allegedly.

@farah_zendaya - 6 months ago

Quoted - kehinde

Kwakol Markets is a scam, check their website it has shut down. Since EFCC Nigeria started going after the CBEX scammers, Kwakol Markets quickly shutdown their website allegedly.

The broker has no functional website, I wonder why people ae still trading with them.