FxPro vs Kot4x - Fees Review included
Which broker is better FxPro or Kot4x? Our expert assessment conducted according to TU’s own methodology showed that FxPro is one of the top brokers in the financial market with the TU Overall Score of 8.74 out of 10. Kot4x is one of the top brokers in the financial market with the TU Overall Score of 6.08 out of 10. Find out more about TU Overall Score.
Feature | FxPro | Kot4x |
---|---|---|
Overall |
4.6 |
3.1 |
5 |
1 |
|
3.9 |
4.2 |
|
4.6 |
3.5 |
|
Investment Instruments |
4.9 |
1 |
Platforms and Charting Tools |
4.2 |
3.5 |
Deposit and Withdrawal |
4.5 |
3.7 |
Research |
4.7 |
2.4 |
Education |
4.6 |
2.3 |
Support |
4.5 |
3.4 |
Bonuses |
2.5 |
4 |
|
|
FxPro vs Kot4x: Pros and Cons
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
The Kot4x Broker (kot4x.com) 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.
FxPro | Kot4x | |
---|---|---|
Overall Pros | Regulated in EU and Great Britain | ECN STP trading model |
Big choice of ECN/STP accounts | Crypto CFDs | |
insurance of client funds | 20% withdrawal bonus | |
Strong research and education | Funding up to $200k for pro traders | |
PAMM and Copy-trading for investors | BTC withdrawal | |
Personal offers for VIP-clients | ||
Overall Cons | High spreads and fees | Not regulated broker |
No forex bonuses | Weak research and education | |
No passive income tools | ||
High ECN trading fees |
FxPro vs Kot4x: Safety and Regulation
Regulated By: | FxPro | Kot4x |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSCA (South Africa), SCB (Bahamas) |
Kot4X is unregulated forex broker |
FxPro vs Kot4x: Trading Conditions
Trading Conditions | FxPro | Kot4x |
---|---|---|
Minimum Deposit |
$100 |
$25 |
Trading Platforms |
MT4, MT5, MultiTerminal |
МТ4 |
Max Leverage (Futures) |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
1-500 |
Supported Markets |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Forex CFDs on Crypto, Metals, Indices, Stocks |
Trading assets |
3000+ |
250+ |
Trading Accounts |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Standard, PRO, VAR, MINI |
Base Account Currencies |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
|
FxPro vs Kot4x: Fees
Forex Trading Fees
Fee | FxPro | Kot4x |
---|---|---|
Standard Account EURUSD Average Spread |
2.4 pip |
1.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not offered |
$7 |
ECN Account EUR Average Spread |
Not offered |
0.5 pips |
CFD Trading Fees
Fee | FxPro | Kot4x |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | FxPro | Kot4x |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No for BTC withdrawal |
Inactivity Fee |
$5 per month after 6 monthes without trades |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FxPro vs Kot4x: Trading Assets
Asset Name | FxPro | Kot4x |
---|---|---|
Overall |
3000+ trading assets |
250+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FxPro or Kot4x: Investment Programs
Asset Name | FxPro | Kot4x |
---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Kot4x or FxPro
FxPro | Kot4x | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
FxPro |
No |
Others |
No |
No |
|
|
FxPro vs Kot4x: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | FxPro | Kot4x |
---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (Only Bahamas and South Africa regulated entities) |
No |
Crypto |
No |
Yes |
FxPro vs Kot4x: Research
Research Type | FxPro | Kot4x |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FxPro vs Kot4x: Education
Education Type | FxPro | Kot4x |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
No |
No |
Kot4x vs FxPro: Support
Support Features | FxPro | Kot4x |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
FxPro vs Kot4x: Forex Bonuses and Promo
Promo | FxPro | Kot4x |
---|---|---|
Forex Bonus |
Not offered |
20% withdrawal bonus |
Affiliate Program |
Up to $1.100 per client you introduce to FxPro |
Yes |
Other Promos |
||
|
|
Top 5 Reviews on Kot4x
-
Comment
I do not agree with many negative reviews of kot4x. There are nuances and shortcomings, as everywhere else. However, you should not report deception or fraud on the part of the broker. I myself trade with two companies, one of which is kot4x. I withdrew my profits many times, and they sent the money to me. So this is definitely not a scam.
-
Comment
The company Kot4x has problems with withdrawing to the electronic wallet, they said that the wallet is not in my name, even though this wallet was verified by me. It's nonsense because I funded the account from it! Tried to withdraw only $70, they won't allow it. Looks like Kot4x is a scam! Or they have technical problems with the software.
-
Comment
I didn't like the Kot4x company. Despite not having a lot of experience, even I understand that their trading conditions are unfavorable. Moreover, there are frequent disruptions in the terminal, and I have to constantly reload it throughout the trading day. This speaks volumes. In general, I'm switching from Kot4x to another broker. I wouldn't recommend this one for trading.
-
Comment
The broker Kot4x is far from transparent in its conditions. For example, the company's website states that clients are provided with an ECN account. However, the ECN system implies instant order execution without any delays. In the Kot4x terminal, orders are opened for several minutes. The last time, my order took six minutes to process. This is very long, and I had to close this order with a significant loss. Trading and making a profit under such conditions is impossible.
-
Comment
Kot4x is very dubious and it seems that its main goal is to make traders lose their deposits. I opened an account with this broker and quickly lost my deposit. When I decided to withdraw the remaining funds, the process took more than three weeks. It was awful and nerve-wracking. Therefore, I always advise you to avoid Kot4x!
Top 5 Reviews on FxPro
-
Comment
Following real time news is a character every trader must adapt to as financial news influences the market price. One of the advices i get from expert traders when I first started is to follow the financial news of the currency pairs I trade regularly. FxPro provides traders with real-time news headlines on all the main asset classes. This feature is available under the Analytics and education section provides you with important financial and breaking news, economic and data releases live. I made it a norm to visit and read about the latest financial news release before I start my trading for the day as it helps me when deciding the movement of currency prices before I open trades. This really helped me make good trading decisions, so i recommend same for upcoming traders on FXpro.
-
Comment
To become a successful forex trader, you must know the four trading sessions and best time to trade in the most busy session. Forex trading sessions are times when the forex market is open and closed in different regions. You have to learn about these sessions to know when each opens and closes before you open a position. Out of the four sessions, new york and London is the ones with the highest trading volume and the best sessions to trade in if you want to trade in a busy market. I use the FXxPro Global Stock Exchanges session times to know what session is open and to monitor when two sessions overlap especially the New York and London overlap which is the best time to trade as it is known to have the heaviest volume of trading and is best for trading opportunities. Personally, this is one of the simple but helpful tools for day traders on FxPro.
-
Comment
You can transfer from your Fxpro wallet to your trading wallet 24/7. I happen to be busy during the weekdays and only trade during the weekends, now i want to transfer funds between my FxPro Wallet and trading accounts during the weekend to trade. The first time i tried i had few open positions and it stalled but after closing the positions it was successful. So transferring funds between fxpro wallet and trading accounts during weekends is possible if the specific trading account you are transferring from does not have any open positions. You will not be able to move money from an open trade you had over the weekend to your wallet until the market reopens on Sunday at 22:00 UK time.
-
Comment
When you encounter any challenge with your trade, the best option is to contact the customer service agent if you don't have any senior trader you can get help from at the moment. At least the Fxpro customer service is fast, responsive, and made up of experts. Issues with verifications, deposit and withdrawals are best handled by the support team, especially those that have to do with delay in funding accounts. You can use the FAQ option to solve some recurring issues as you can find answers given to traders who had similar challenges earlier. In one of the occasions connecting to the customer support was not going through so i decided to check the FAQ section. My challenge has to do with transferring from my wallet to my trading account. I solved this with the answer from the FAQ section.
-
Comment
Great broker FxPro. It has decent trading tools and a wide range of assets. This is good because the opportunity to invest in multiple financial markets simultaneously is an advantage for any trader. FxPro has a fairly professional customer support service, helping to resolve various issues. I've traded here on two platforms, and they both work quickly.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.