KOT4x Broker Review

Overall, Kot4X can be summarised as a credible and trustworthy broker and is considered average-risk with competitive trading fees and spreads. Kot4X offers traders a transparent experience without any hidden fees.

Kot4X at a glance

Overall Rating

• 2.5/5

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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 Review – 19 key point quick overview:

1. Who is Kot4x?
2. Safe or Scam
3. Kot4x Pros and Cons
4. Kot4x Leverage
5. Kot4x Accounts
6. Market Instruments
7. Kot4x Fees
8. Kot4x Deposits and Withdrawals
9. Kot4x Trading Platforms
10. How to open a Kot4x account
11. Kot4x Customer Support
12. Kot4x Education
13. Kot4X vs FXGlobe vs XM – A Comparison
14. Kot4x Current Popularity Trend
15. Kot4x Research
16. Kot4x Awards
17. Conclusion
18. Disclaimer
19. FAQ’s

Who is Kot4x?

According to research in South Africa the Kings of Transparency (KOT4x Broker) is a forex broker company established in 2019 in Kingstown, Saint Vincent and Grenadines.

KOT4x Broker is not regulated but can be used by all levels of traders and offers a wide range of markets for the majority of its account types. KOT4x forex traders have access to 250 trading instruments including forex, Stock, Indices, Commodities and Cryptocurrencies available as CFDs.

KOT4x has minimal minimum deposits and charges reasonable commissions.

Customers face inherent dangers when they use an unregulated brokerage website. Because you will not be saving money on spreads or charges, the only true advantage of using KOT4x is its high leverage and the opportunity to fund your account with Bitcoin.

Safe or Scam

Establishing which governing bodies are observing and controlling a brokerage’s operations, as well as whether the firm complies with those regulations, is one of the most dependable benchmarks for measuring its safety.

KOT4x Broker is an unregulated broker, not governed by any financial regulatory body.

Customer money are maintained in separate independent accounts, allowing for easy identification of different customer cash. Furthermore, client funds are retained off-book and will not be used to pay creditors in the unlikely event that KOT4x is forced to liquidate. Furthermore, two-factor authentication may be enabled, adding an extra degree of security to the customer’s accounts.

Kot4x Pros and Cons

Kot4x Leverage

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

KOT4x Broker allows its traders to use a maximum leverage ratio of up to 1: 500.

Kot4x Accounts

A forex account at KOT4x Broker is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

KOT4x Broker offers 4 account types: these are PRO Pairs, VAR Pairs, Standard Pairs, and Mini Pairs. These account types mostly differ in commission structure and spreads, with each ideal for a different type of trader.

All the accounts include swaps which makes it unsuitable for sharia law or Islamic clients.

Mini Pairs Account

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

Mini Pairs account is an 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 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

This 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 account has no commissions, making it best for beginner traders.

Spreads for VAR Pairs account 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.

Market Instruments

The most popular market instruments available from most brokers for trading include:

Forex:

Forex trading describes the currency exchange market which refers to the global, decentralised marketplace.

Commodities:

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.

Indices:

Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market.

Precious metals:

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market.

Energy:

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

KOT4x Broker offers currency pairs, indices, commodities, metals, stocks, and cryptocurrencies for trade.

Cryptocurrencies

KOT4x offers 31 different cryptocurrencies to be traded.

Indices

KOT4x offers 11 different indices to trade on including Euro Stoxx 50 – US Dollar, NASDAQ 100 – US Dollar, S&P500 – US Dollar, and UK FTSE 100 – US Dollar.

Commodities

KOT4x offers 9 different commodities to trade, including Crude – US Dollar, Silver – US Dollar, and Gold – US dollar.

Stocks

KOT4x offers 105 different stocks to buy or sell, including Apple, Facebook, Google, Mastercard and Tesla.

Kot4x Fees

Cost depends on different factors, like spread and margins, and KOT4x Broker clients may also experience different fee structures according to their country or place of residence.

KOT4x Broker offers spreads from 0.4 pips. The minimum typical spreads for each KOT4x account are:

PRO Pair – From 0.4 pips

Standard Pair – From 0.8 pips

VAR Pair – From 1.2 pips

MINI pair – From 1.0 pip

Kot4x Deposits and Withdrawals

Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ. In the case of KOT4x Broker a minimum deposit amount of $10 and there is no maximum amount.

Bitcoin, Litecoin, Ethereum, Ripple, USDT, Dogecoin, as well as Debit/Credit Card (Via Multiple 3rd Party Platforms) can be used but in case of the latter, the minimum deposit amount is $25-$50.

There is no deposit fees payable when Cryptocurrencies or Bitcoin via Credit/Debit Card (via Various 3rd Party Platforms) are used. Network fees would apply when depositing via Bitcoin.

BTC, EUR, USD, GBP, CAD, AUD can be used as account currencies.

When using a debit/credit card via the eCommerce pay method, the minimum funding amount is $50.

Account withdrawals are free, and the following methods can be used to withdraw funds from the KOT4X account:

• Bitcoin direct transfer to another bitcoin wallet
• Credit/debit card from 3rd party platform
• Credit/debit card via E-Commerce

Kot4x Trading Platforms

KOT4x Broker offers one trading platform, MetaTrader 4 (MT4) but as a desktop, mobile, and web version.

MetaTrader 4 features include:

• It provides traders with real-time pricing and quotations, allowing them to conduct deals at the most accurate rates.
• It enables the simultaneous placement of numerous trading orders, as well as the use of trailing stops, take profit, and stop-loss tools.
• If the trader is more sophisticated, they can use automated trading tactics to assist them build a stronger portfolio through backtesting.

How to open a Kot4x account

Similarly to a bank, to register a forex trading account with KOT4x Broker for the first time, you will be required to go through a basic “know your customer” process, which will allow KOT4x Broker to ascertain that your submitted details and ensure the safety of your funds and account details.

Step 1 – Visit the Kot4x Website

Visit the official website of Kot4x.

Step 2 – Click on the “Sign Up” tab

On the top right of the menu, click on the “Sign Up” tab.

Step 3 – Fill out the registration form

Fill out all the required details to finish setting up your account

Your account has been created.

Kot4x Customer Support

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

The customer support team of KOT4x Broker can be reached via:

• A live 24/7 live chatbot on the homepage of the website. Kot4X uses a bot to answer the most basic questions about the broker and its features however it is possible to get through to the KOT4X customer service team.
• The contact us page within their website and fill out a request form.
• Emailing their support team directly.

Kot4x Education

KOT4x Broker does not have an education centre for new traders that are looking to get involved in trading, which is frustrating because of how difficult the financial markets are to learn.

Kot4X vs FXGlobe vs XM – A Comparison

Kot4x Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “Kot4x” is entered into Google’s search engine over a given period of time.

Kot4x Research

With KOT4x Broker no research options are provided.

Kot4x Awards

Being an awarded company instils extra confidence by traders, there is no indication of awards won on its homepage.

Conclusion

Overall,  KOT4x Broker is an online Forex cryptocurrency and CFD broker with advanced technologies for trading on the financial markets. The company provides a secure ECN trading environment and offers over 250 trading instruments, including cryptocurrencies. Kot4x doesn’t limit trading strategies. It charges low trading fees and allows payments in bitcoins.

Disclaimer

KOT4x Broker warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with KOT4x Broker, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

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 not offer Islamic accounts.

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

No.

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.