Kot4x Netherlands Review 2024 - TU expert opinion
Is the Forex market legit in Netherlands?
Forex trading is legal in the Netherlands. A large share of the country’s population have investment and brokerage accounts in large companies. The operation of financial organizations is regulated by the Netherlands Authority for the Financial Markets.
The Netherlands is a member of the European Union. Therefore, all brokers comply with the MIFID rules. Dutch clients can work with brokers that are registered not only in the Netherlands, but also in other EU countries.
How to Trade Forex in the Netherlands
Choosing a reliable broker with a financial license is an important condition of profitable and safe trading. Once you’ve made your choice, you need to register on the website and provide scanned copies of identification documents. After you complete registration, you need to fund our account, install a trading platform or a mobile app, if you plan to trade from your smartphone. As soon as the money is credited to your account, you can choose a currency pair and trade the chosen asset.
Our Evaluation of Kot4x
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Kot4x is a broker with higher-than-average risk and the TU Overall Score of 4.72 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Kot4x clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Kot4x is a broker for professionals trading independently and ready to make a sizable investment from the beginning of cooperation with the company.
Detailed Review of Kot4x in Netherlands
Kot4x is a good choice for traders from Netherlands. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
The Kot4x broker offers a wide range of trading instruments of various asset classes for online trading using the MT4 platform, including CFDs (contracts for difference) and trades in major, minor, and exotic currency pairs. Its clients can make operations with 55 currencies, 11 indices, 9 commodities (including precious metals and energy), 105 stocks, and 31 cryptocurrencies. All transactions are made from ECN accounts.
Kot4x in figures:
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Over 250 trading instruments.
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Excess to Forex if you have more than $25 on your account.
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The leverage is up to 1:500.
Advantages of Kot4x for trading in Netherlands
Traders Union analysts conducted a detailed analysis of Kot4x for traders from Netherlands. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
A wide range of trading assets, including cryptocurrencies, currency pairs, and CFDs.
Tight enough market spreads in a tranquil market.
The minimum deposit to start trading currency pairs is comprehensible.
High leverage for Forex trading.
Free access to MetaTrader 4, the most popular platform among traders.
Orders execution uses the ECN STP model to avoid passing through the dealing center.
Advisors, scalping, hedging, and news trading are allowed. You can simultaneously open several positions, both long and short.
Analysis of the Main Features of Kot4x in Netherlands
Traders Union analysts analyzed the key features of Kot4x for traders from Netherlands. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for Kot4x traders from Netherlands
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Kot4x trading conditions for traders from Netherlands. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 Trading platform: |
MetaTrader 4
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📊 Accounts: |
Demo, Mini Pairs, MINI Pairs, VAR Pairs, Pro Pairs
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💰 Account currency: |
BTC, EUR, USD, GBP, CAD, AUD
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💵 Replenishment / Withdrawal: |
Bitcoin (BTC), VISA and MasterCard debit and credit cards, Discover Card, and third-party providers
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🚀 Minimum deposit: |
$25 (Mini Pairs)
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⚖️ Leverage: |
1:50-1:500
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💼 PAMM-accounts: |
No
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📈️ Min Order: |
0.01
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💱 Spread: |
From 0.4 pips
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🔧 Instruments: |
Currency pairs, indices, commodities, metals, stocks, cryptocurrencies
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💹 Margin Call / Stop Out: |
Not indicated
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🏛 Liquidity provider: |
Not indicated
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📱 Mobile trading: |
Yes
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➕ Affiliate program: |
Yes
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📋 Orders execution: |
Market execution
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⭐ Trading features: |
Cryptocurrency trading; Replenishment; Withdrawal in bitcoins are available.
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🎁 Contests and bonuses: |
Commission of 20% for the withdrawal of funds
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Kot4x Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Kot4x for traders from Netherlands. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
The experts at TU have analyzed the trading terms of Kot4x to reveal the broker's trading and non-trading commissions. The company deducts a trading fee in the form of a spread (for all accounts) and a commission per lot on accounts with a spread reduced as follows: $7 for Standard Pairs and Pro Pairs and $1 for Mini Pairs. For non-trading commissions on the replenishment of a deposit with debit and credit cards via eCommerce Pay, the broker charges a fee of 5% of the transaction amount. Withdrawals are free.
Account type | Spread (minimum value) | Withdrawal commission |
Mini Pairs | from $10 | No |
Standard Pairs | from $8 | No |
VAR Pairs | from $12 | No |
Pro Pairs | from $4 | No |
A swap commission is charged for shifting a position to the next day. After analyzing all kot4x.com accounts, we deduced the average spread and then compared it to similar indicators of other brokers. To put that into perspective, please find the comparison results with the assignment of the commission level in the below table.
FAQs
Is Kot4x legal in Netherlands?
Yes. Kot4x operates legally in Netherlands. The broker holds the necessary licenses.
Can you learn trading with Kot4x? Does the broker offer courses for traders from Netherlands?
Yes, Kot4x offers good trading courses and a lot of educational information for clients from Netherlands.
Can Kot4x be trusted? Has the broker been operating in Netherlands long?
Kot4x has been operating in Netherlands quite long and has a good reputation. Therefore, traders can work with Kot4x.
Is Kot4x suitable for novice traders from Netherlands?
Yes. Kot4x offers optimal trading conditions and good education for beginners from Netherlands.
How efficient is Kot4x customer support in Netherlands?
Kot4x offers a sufficient number of ways to contact customer support in Netherlands, and also provides support in the state language.
Has Kot4x had any incidents involving theft of funds of clients from Netherlands?
No. Kot4x provides reliable security of funds of clients from Netherlands.
Will I be able to file a lawsuit in Netherlands if Kot4x violates my rights?
Yes. If Kot4x violates your rights, you can file a complaint with the regulator of Netherlands, and then with a court.
Can Kot4x clients from Netherlands use the broker’s mobile app?
Yes. The mobile app of Kot4x is available for the clients from Netherlands.
Does Kot4x provide Netherlands market analysis?
Analysis of Netherlands is featured in the information provided by Kot4x.
How can I withdraw funds from my account at Kot4x in Netherlands?
Kot4x supports bank transfers and debit/credit cards of the banks operating in Netherlands.
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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.