In the world of online trading, finding a platform that’s easy to use and still powerful can be like searching for treasure. That’s where Kot4x comes in – a friendly face in the trading world that’s creating some buzz. So in this article we will discuss everything about Kot4x. I will cover the everything from introduction to user reviews. So read it till end to know everything about Kot4x Review. Let find together what is special in this Kot4x Review.
Why Me For This Review: About Me
Why you should bother with my Kot4x Review? Well, here’s the deal – I’ve personally used KOT4x for my trades. This isn’t your usual review with just the basics. I’ve been hands-on, trading with KOT4x myself. So, what you’re getting here is my own experience, perfect for someone like me who’s been around the trading block for a bit. Let’s get into Kot4x Review!
Kot4x Basic Information
KOT4X is an online Crypto and Forex Broker providing traders across the globe with cutting-edge technology to trade the world’s markets.
| Broker’s Name | KOT4x Broker |
|---|---|
| Headquarters | Kingstown, Saint Vincent and Grenadines |
| Year Founded | 2019 |
| Regulating Authorities | ⚖️ Not regulated |
| Countries not accepted for trade | Bahamas, Botswana, Cambodia, Congo, DRC, Cuba, Ethiopia, Ghana, Iran, Iraq, Japan, Lebanon, Libya, Malta, Myanmar, North Korea, Pakistan, Panama, Somalia, Sri Lanka, Sudan, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Vietnam, Yemen, Zimbabwe. |
| Islamic Account (Swap-free) | ☪️ Yes |
| Demo Account | Yes |
| Institutional Accounts | ✴️ Yes |
| Managed Accounts | No |
| Maximum Leverage | ⬆️ 1:500 |
| Sign Up Bonus | Yes |
| Minimum Deposit | $25 (Mini Pairs) |
| Spread | 0.8 pips |
| Deposit Options | Bitcoin, Instacoins, credit cards |
| Withdrawal Options | Bitcoin, credit cards |
| Platform Types | MT4, WebTrader |
| OS Compatibility | Mac, Windows, Linux, Web, Mobile (Android, iPhone, iPad) |
| Tradable Assets Offered | Currency pairs, indices, commodities, metals, stocks, cryptocurrencies |
| Languages Supported on Website | English only |
| Customer Support Languages | English only |
| Customer Service Hours | ⏲️ 24/7 |
KOT4x Broker Other Information
This table gives you quick info about Kot4x Review. They started in 2019 and work as an ECN/STP broker without much regulation. You can start trading with a deposit between $10 and $50, depending on the payment method. They make sure your balance won’t go negative. KOT4x uses the MetaTrader 4 platform, and their trading costs are fair for different assets. The minimum spreads are 0.4 pips, and they have options for Islamic accounts. They offer various ways to fund your account but don’t allow US residents and don’t provide managed accounts.
| Regulators | Unregulated |
| Tier 1 Regulator(s)? | ❌ No |
| Owned by Public Company? | ❌ No |
| Year Established | 2019 |
| Execution Type(s) | ECN/STP |
| Minimum Deposit | $10 – $50 (payment processor dependent) |
| Negative Balance Protection | ✔️ Yes |
| Trading Platform(s) | MetaTrader 4 |
| Average Trading Cost EUR/USD | $9.00 |
| Average Trading Cost GBP/USD | $8.00 |
| Average Trading Cost WTI Crude Oil | $0.03 |
| Average Trading Cost Gold | $0.13 |
| Average Trading Cost Bitcoin | $55.00 |
| Retail Loss Rate | Undisclosed |
| Minimum Raw Spreads | 0.4 pips |
| Minimum Standard Spreads | 1.2 pips |
| Minimum Commission for Forex | $7.00 per 1.0 standard round lot |
| Funding Methods | 8 |
| Islamic Account | ✔️ Yes |
| Signals | ❌ No |
| US Persons Accepted? | ❌ No |
| Managed Accounts | ❌ No |
Pros And Cons Of Kot4x
| Good Things | Not-So-Good Things |
|---|---|
| ✅ Low Minimum Deposit ($10-$50) | ❌ Unregulated Status |
| ⚖️ Negative Balance Protection | ???? Limited Regulatory Oversight |
| ???? Competitive Spreads | ???? Not Accepting US Residents |
| ☪️ Islamic Account Option | ????♂️ No Managed Accounts |
| ???? Multiple Funding Methods |
Description:
- Low Minimum Deposit ($10-$50): Easy entry for traders.
- Negative Balance Protection: Keeps your account safe.
- Competitive Spreads: Good prices for trading.
- Islamic Account Option: Special accounts for certain beliefs.
- Multiple Funding Methods: Different ways to put money in.
- Unregulated Status: No specific rules might raise concerns.
- Limited Regulatory Oversight: Less official scrutiny may affect safety.
- Not Accepting US Residents: People in the US can’t use it.
- No Managed Accounts: No pros managing your account.
Withdrawal Options and Fees
When it comes to withdrawing money from Kot4x, there’s good news – they don’t charge any extra fees for it, and the process is pretty quick, usually taking about 24 hours. You have several options for withdrawing money, including Bitcoin wallets, VISA debit and credit cards, MasterCard, Discover Card, and third-party providers. Just keep in mind that the minimum amount you can withdraw is $10.
If you funded your trading account with a card, you can take out an amount equal to what you deposited. But if you want to withdraw more than that, you’ll need to use a different method. The withdrawal and deposit currencies are in Bitcoin (BTC).
Here’s the timing: If you’re withdrawing to a Bitcoin wallet, it usually takes 1-3 hours. For credit cards, it might take a bit longer – about 1-5 business days, especially if it’s the same card you used to make the deposit. So, plan accordingly based on your preferred method.
KOT4x Broker Accounts
| Account Type | Standard Pairs | PRO Pairs | VAR Pairs | Mini Pairs |
|---|---|---|---|---|
| Execution | Market | Market | Market | Market |
| Trading Model | ECN STP | ECN STP | ECN STP | ECN STP |
| Leverage | ⬆️ Up to 1:500 | ⬆️ Up to 1:500 | ⬆️ Up to 1:500 | ⬆️ Up to 1:500 |
| Min Position Size | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
| Max Position Size | 1000 lots | 1000 lots | 1000 lots | 1000 lots |
| Instruments | Forex, Indices, Commodities, Metals, Stocks, Cryptos | Forex, Indices, Commodities, Metals, Stocks, Cryptos | Forex, Indices, Commodities, Metals, Stocks, Cryptos | Forex |
| Min Deposit | $50 | $500 | $250 | $25 |
| Spreads | From 0.8 | From 0.4 | From 1.2 | From 1.0 |
| Commission | $7 per lot | $7 per lot | $0 per lot | $1 per lot |
Standard Pairs: The Standard Pairs account at KOT4x is a versatile choice catering to various trading instruments. With a modest minimum deposit requirement of $50, it provides accessibility to a wide range of traders. Enjoy competitive spreads starting from 0.8, and there’s a $7 commission per lot, ensuring a transparent fee structure for your trades.
PRO Pairs: Designed for those who prioritize tight spreads, the PRO Pairs account demands a minimum deposit of $500. Offering spreads as low as 0.4, this account is suitable for traders who value precision in their trading strategy. Similar to the Standard Pairs, a $7 commission per lot is applicable, maintaining consistency in the fee structure.
VAR Pairs: The VAR Pairs account introduces a unique feature – a spread mark-up without any commission. This makes it an appealing option for traders whose strategies are not heavily dependent on tight spreads. With a minimum deposit requirement of $250 and spreads starting from 1.2, the VAR Pairs account provides flexibility in trading conditions.
Mini Pairs: Tailored specifically for forex trading, the Mini Pairs account is an excellent choice for beginners or those starting with smaller amounts. The minimum deposit is just $25, making it accessible to a wide audience. While spreads start from 1.0, there’s a nominal $1 commission per lot, ensuring cost-effectiveness for those taking their initial steps into the trading world.
How To Contact With KOT4X Broker
Traders can easily reach out to the broker’s support team using various methods. You can ask questions through the chatbot on the broker’s website, send an email to support@kot4x.com, or fill out the contact form (available for registered customers). Additionally, for traders with active accounts, there’s an option to request a call back.
The online chat button is conveniently accessible on both the broker’s website and in the personal account. For any inquiries or assistance, these contact options provide traders with flexibility in choosing the most suitable way to get in touch with the support team.
Contacts:
- Registration address: Saint Vincent and the Grenadines
- Official site: kot4x.com
- Email: support@kot4x.com
User Reviews
My Reviews About Kot4X Broker: Should You Trade?
Based on my comprehensive assessment of KOT4X Broker, In my Kot4x Review about KOT4X Broker, I strongly advise against trading with them. My recommendation against trading with Kot4x Review Scam Broker is rooted in concerns about its unregulated status. Regulation provides a layer of oversight and protection for traders, and the absence of such regulatory scrutiny raises potential risks. Opting for brokers with robust regulatory frameworks can enhance the safety and security of your trading experience. So on my Kot4x Review it is not safe to trade with it.
Faqs About KOT4X
Is KOT4X a legit broker?
KOT4X is not considered a legit broker due to its unregulated status, which may pose risks for traders.
Is KOT4X regulated in USA?
No, KOT4X is not regulated in the USA.
Where is KOT4X broker located?
KOT4X broker is located in Kingstown, Saint Vincent, and the Grenadines.
Is KOT4X available in Canada?
Yes, KOT4X is available in Canada.
Is KOT4X a trusted broker?
KOT4X is not considered a trusted broker due to its unregulated status, which may raise concerns about transparency and accountability.
How long does it take to withdraw from KOT4X?
The withdrawal time from KOT4X can vary depending on factors such as the withdrawal method chosen and any additional processing times. It is advisable to check with KOT4X directly or refer to their official documentation for specific and up-to-date information on withdrawal times.
How long has KOT4X been around?
KOT4X has been around since the year 2019.
Last Words
To sum it up, be careful with KOT4X for trading. They’re not regulated, which can bring risks. It’s safer to look into brokers with clear rules. Always check and think about safer options for your trading. If you want to stay informed about broker reviews, feel free to bookmark my website and subscribe to my channel. Your experiences with KOT4X or any other broker are valuable, so don’t hesitate to share your thoughts in the comments below. Happy and safe trading! Hope you like this Kot4x Review.
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