Kot4X Account types

Kot4X offers a total of 4 different account types, Standard Pairs, Pro Pairs, VAR Paris, and the Mini Pairs account. Each account offers a maximum leverage of 1:500.

Kot4X at a glance

Overall Rating

• 2.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 25

Regulators

Not Regulated

Trading Platform

MT4, WebTrader

Crypto

Yes

Total Pairs

55

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Kot4X Account Types – 7 key point quick overview:

1. Kot4X Overview
2. Kot4X Account Types
3. Kot4X Account Features
4. Kot4X Demo Account
5. The Islamic Account
6. Kot4X Pros and Cons
7. Conclusion

Kot4X Overview

The Kings of Transparency (KOT4x Broker) is a forex broker firm that was founded in 2019 and is based in Kingstown, Saint Vincent & Grenadines. KOT4x Broker is an unregulated forex broker that provides four account types, ECN/STP trading, and the MT4 forex trading platform for trading Contracts for Differences (CFDs) such as Forex, cryptocurrency, stocks, and commodities.

Because the broker offers a wide selection of markets for the majority of its account types, the brokerage website KOT4x.com may be utilised by traders of all levels. KOT4x forex traders may pick from over 250 trading products offered as CFDs, including forex, stocks, indices, commodities, and cryptocurrencies.

KOT4x features minimal minimum deposits and reasonable commissions, but it also has flaws such as a lack of regulation, poor customer support, and complicated account withdrawal and deposit processes, particularly with bitcoin.

Although KOT4x Broker is highly rated by certain clients in personal evaluations on review websites, no information regarding any accolades obtained by them is available on the KOT4x Broker homepage or elsewhere.

KOT4x Broker offers four different account types: PRO Pairs, VAR Pairs, Standard Pairs, and Mini Pairs, as well as the option for an Islamic Account. These account kinds differ primarily in terms of fee structure and spreads, with each ideal for a particular sort of trader.

Kot4X Account Types

Kot4X offers PRO Pairs, VAR Pairs, Standard Pairs, and Mini Pairs accounts. The minimum deposit required to open the account is only $25.

Some key features of all the accounts include:

• There is no dealing desk as they use a combination of ECN and STP trading execution models
• Swaps are allowed
• Scalping and hedging is allowed
• Demo accounts are available where traders can use virtual funds to test trading features

Kot4X Account Features

Mini Pairs Account

This account restricts lot trading size to micro-lots (1000).

The Mini Pairs account is an ideal option if you are new to trading and want to keep your risk to a minimum.

Spreads are in line with the Pro Pairs trading account, commission is $1.00 and typical spreads start from 1.0 pips (1 pip = $10.00), meaning you will pay $11 to open your position. A limitation of this account is that you can only choose 29 forex pairs.

Standard Pairs Account

This Standard Pairs Account has the same conditions as the Pro Pairs accounts, but spreads are slightly wider.

The KOT4x Standard Pairs account charges a $7.00 commission for each standard lot you trade when you open and close your position.

PRO Pairs Account

The PRO Pairs Account offers the classic ECN style trading and is recommended for most traders. It has the lowest spreads, typically starting from 0.4 pips. The Pro Pairs account commissions are not included with the spread and are charged at $7.00 per standard lot.

With this account, one gets access to the entire range of KOT4x products and using ECN and STP order execution.

VAR Pairs Account

The VAR Pairs account has no commissions, making it best for beginner traders.

Spreads for VAR Pairs accounts typically start from 1.2 pips, so are wider than other account types as commission costs are already included into the spread.

Demo accounts

Demo accounts are offered for new traders to use virtual funds to get used to the trading features of Kot4X.

Kot4X Demo Account

Kot4X offers traders the option to open a demo or practice account which can be utilised in various ways, including the following:

• A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
• Traders who want to evaluate and compare brokers and would like to explore Kot4X’s trading conditions in a risk-free environment, and
• Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

The Islamic Account

Kot4x does not offer an Islamic account.

The purpose of an Islamic Account is that it caters explicitly for Muslim traders who follow the strict rules of Sharia law. These rules prevents followers from paying any type of interest, such as overnight fees, which is seen as exploitive or wasteful.

Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.

Brokers offers an Islamic Account only to Muslim traders who follow the Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads and more.

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

Kot4X Pros and Cons

Overall Rating

• 2.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 25

Regulators

Not Regulated

Trading Platform

MT4, WebTrader

Crypto

Yes

Total Pairs

55

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Conclusion

Overall, Kot4X offers a total of 4 different account types, Standard Pairs, Pro Pairs, VAR Paris, and the Mini Pairs account. Each account offers maximum leverage of 1:500.

You might also like: Kot4X Sign up bonus

You might also like: Kot4X Demo Account

You might also like: Kot4X Fees and Spreads

You might also like: Kot4X Minimum Deposit

You might also like: Kot4X Review

FAQ’s

TRADING ENVIRONMENT

How many instruments can I trade with KOT4x Broker?

You can trade several different instruments with KOT4x Broker, which include the following:

• Currencies
• Cryptocurrencies
• CFD: Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Which platforms are supported by KOT4x Broker?

KOT4x Broker provides the popular MT4trading platform

Does KOT4x Broker offer leverage?

Yes, KOT4x Broker offers maximum leverage of up to 1: 500

What spreads can I expect with KOT4x Broker?

KOT4x Broker offers different spreads on its various accounts, starting at 0.4 pips.

Does KOT4x Broker charge commission?

Yes, more information on commissions will become available after opening an account.

Are there additional charges on the Islamic account?

Kot4X does offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees. New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

Is KOT4x Broker regulated and by whom?

KOT4x Broker is not regulated.

Is KOT4x Broker a recommended forex trading broker for experts and beginners?

KOT4x Broker offers a fair trading environment for most types of traders.

What is the overall rating out of 10 for KOT4x Broker?

5/10

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account as is offered by broker companies like KOT4x Broker is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.

Does KOT4x Broker offer a demo account?

Yes

How long is the demo account valid?

The demo account can be used by beginners.

Which live trading accounts does KOT4x Broker offer?

• Mini Pairs Account
• Standard Pairs Account
• PRO Pairs Account
• VAR Pairs Account

Does KOT4x Broker offer an Islamic Account

Yes.

What are the available deposit currencies for a live trading account?

BTC, EUR, USD, GBP, CAD, AUD

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with KOT4x Broker?

$25 (Mini Pairs)

How do you make a deposit and withdraw money with KOT4x Broker?

KOT4x Broker offers the following deposit and withdrawal methods:

• Bitcoin
• Litecoin
• USDT (Tether/ERC20)
• Ripple
• Ethereum
• Dogecoin
• Debit/Credit Card via 3rd Party Providers

Does KOT4x Broker charge withdrawal fees?

No, but network fees would apply when withdrawing via Bitcoin.

How long does it take to make a withdrawal?

KOT4x aims to process withdrawal requests within 24 hours. Once Bitcoin withdrawals are processed, you are required to have 3-6 confirmations on the Blockchain before the funds will be available in your BTC wallet, which takes between 1-3 hours.