FxPro vs Kot4x - Fees Review included

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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 8.68 out of 10. Kot4x is one of the top brokers in the financial market with the TU Overall Score of 6.33 out of 10. Find out more about TU Overall Score.

Feature FxPro Kot4x

Overall

4.6

3.1

Regulation

5

1

Fees

3.9

4.2

Trading Assets

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 review

Kot4x review

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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

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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

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Trading Platforms: Kot4x or FxPro

FxPro Kot4x

MT4

Yes

Yes

MT5

Yes

No

cTrader

No

No

Appropriate platform

FxPro

No

Others

No

No

FxPro review

Kot4x review

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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

E-mail

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

FxPro review

Kot4x review

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Top 5 Reviews on Kot4x

  • Kot4x

    345678nh

    29.02.2024

    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.

  • Kot4x

    maret

    08.02.2024

    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.

  • Kot4x

    Bandara

    17.01.2024

    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.

  • Kot4x

    saqib1985

    26.12.2023

    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.

  • Kot4x

    oosaro

    11.12.2023

    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!

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Top 5 Reviews on FxPro

  • FxPro

    amici-scalp-0m@icloud.com

    20.03.2024

    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.

  • FxPro

    marketapardylova

    25.02.2024

    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.

  • FxPro

    aruna

    07.02.2024

    Comment

    You can entrust FxPro with your money. As far as I know, the company has established itself as a decent broker and it would be surprising when they engage in manipulation here. I have been trading with FxPro for many years and during all this time I haven’t noticed any manipulations or bucket shop methods.

  • FxPro

    kabir_sathi

    16.01.2024

    Comment

    In general, only positive initial impressions from working with FxPro. I would like to highlight the support team's efforts; they were very helpful during the account opening process. It's evident that they are well-prepared and provide knowledgeable answers to all questions. The FxPro terminal operates swiftly, and I haven't encountered any issues so far.

  • FxPro

    arashisnow

    21.12.2023

    Comment

    I calmly opened an account with FxPro, funded it, and started trading on a real account. Before this broker, I tried trading with other brokers, and I can say that FxPro did not disappoint me. The technical side of the company works well: software, communication quality, order processing — everything is at a high level.

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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
Author at Traders Union

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.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!