Eightcap vs Kot4x - Fees Review included
Which broker is better Eightcap or Kot4x? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.04 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 | Eightcap | Kot4x |
|---|---|---|
Overall |
2.9 |
3.1 |
3.3 |
1 |
|
3.7 |
4.2 |
|
3.7 |
3.5 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
3.5 |
3.5 |
Deposit and Withdrawal |
3.6 |
3.7 |
Research |
3.9 |
2.4 |
Education |
3.4 |
2.3 |
Support |
3.6 |
3.4 |
Bonuses |
4 |
4 |
|
|
|
Eightcap vs Kot4x: Pros and Cons
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
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.
| Eightcap | Kot4x | |
|---|---|---|
| Overall Pros | a large number of trading assets | ECN STP trading model |
| Low fees | Crypto CFDs | |
| Good bonus programs | 20% withdrawal bonus | |
| Raw account avaible | Funding up to $200k for pro traders | |
| BTC withdrawal | ||
| Overall Cons | High minimum deposit - $100 | Not regulated broker |
| lack of investment programs | Weak research and education | |
| No passive income tools | ||
| High ECN trading fees |
Eightcap vs Kot4x: Safety and Regulation
| Regulated By: | Eightcap | Kot4x |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ASIC, VFSC |
Kot4X is unregulated forex broker |
Eightcap vs Kot4x: Trading Conditions
| Trading Conditions | Eightcap | Kot4x |
|---|---|---|
Minimum Deposit |
$100 |
$25 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
МТ4 |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-500 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex CFDs on Crypto, Metals, Indices, Stocks |
Trading assets |
3620+ |
250+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Standard, PRO, VAR, MINI |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
|
Eightcap vs Kot4x: Fees
Forex Trading Fees
| Fee | Eightcap | Kot4x |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
1.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
$7 |
ECN Account EUR Average Spread |
0,06 pips |
0.5 pips |
CFD Trading Fees
| Fee | Eightcap | Kot4x |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Eightcap | Kot4x |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
No for BTC withdrawal |
Inactivity Fee |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs Kot4x: Trading Assets
| Asset Name | Eightcap | Kot4x |
|---|---|---|
Overall |
3620+ |
250+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or Kot4x: Investment Programs
| Asset Name | Eightcap | Kot4x |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Kot4x or Eightcap
| Eightcap | Kot4x | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Eightcap vs Kot4x: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | Kot4x |
|---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
Yes |
Eightcap vs Kot4x: Research
| Research Type | Eightcap | Kot4x |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Eightcap vs Kot4x: Education
| Education Type | Eightcap | Kot4x |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Cent account |
No |
No |
Kot4x vs Eightcap: Support
| Support Features | Eightcap | Kot4x |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs Kot4x: Forex Bonuses and Promo
| Promo | Eightcap | Kot4x |
|---|---|---|
Forex Bonus |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
20% withdrawal bonus |
Affiliate Program |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
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 Eightcap
-
Comment
So, let me tell you a little about my experience with Eightcap. Their registration process? Quite thorough. They did a good job explaining the options during sign-up. However, uploading documents could use some improvement. I found it a bit tricky at first, and it didn't seem to overwrite previous uploads, which was a bit confusing. So yeah, some roadblocks in the way but my overall experience has been positive so far with Eightcap.
-
Comment
I've been using Eightcap for a few weeks now, and I've been impressed with their customer service. The other day, I had a question about depositing funds to my account. I didn't want to wait on hold on the phone, so I decided to try their chatbot support. To my surprise, the chatbot was really helpful. It was able to answer my question quickly and easily, without any hassle. Based on my experience, Eightcap's chatbot seems like a great resource for getting quick answers to basic questions. It's definitely a plus for new traders who might be unfamiliar with the platform or forex trading in general. Of course, if you have a more complex issue, you might still need to contact a live person. But for those simple questions, the chatbot is a great way to go.
-
Comment
I've been trading with Eightcap for about a year now. The broker offers reasonable trading conditions, a fast platform, and instant order execution. Traders here are not restricted from trading on news events, and any strategies can be applied. It's important that the Eightcap terminal doesn't disappoint, with the server connection always stable. Overall, the platform operates smoothly without freezes or glitches.
-
Comment
The broker Eightcap can provide good trading opportunities. There are no special features here, but the platform works quickly. Therefore, you can trade actively and open trades in a medium-term trading system. Eightcap has proven itself quite well. I have been working with them for two years and haven't noticed any serious problems.
-
Comment
Collaborating with Eightcap has been a key moment in my trading career. Their reliable platform, quick order execution, and professional support have helped me achieve consistent results in trading. Withdrawals may not be as fast as desired, but Eightcap has never violated its withdrawal schedule.
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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.