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Kot4x Review 2024
Minimum
deposit:
deposit:
- $25
Trading platform:
- MetaTrader4
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- $25
Trading platform:
- MetaTrader4
Bonus for deposit:
- 0%
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Summary of Kot4x Trading Company
Kot4x is a moderate-risk broker with the TU Overall Score of 6.28 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 thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Kot4x ranks 54 among 412 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Kot4x is a broker for professionals trading independently and ready to make a sizable investment from the beginning of cooperation with the company.
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.
| 💰 Account currency: | BTC, EUR, USD, GBP, CAD, AUD |
|---|---|
| 🚀 Minimum deposit: | $25 (Mini Pairs) |
| ⚖️ Leverage: | 1:50-1:500 |
| 💱 Spread: | From 0.4 pips |
| 🔧 Instruments: | Currency pairs, indices, commodities, metals, stocks, cryptocurrencies |
| 💹 Margin Call / Stop Out: | Not indicated |
👍 Advantages of trading with Kot4x:
- Beneficial trading terms such as precise spreads and high leverage on accounts with a deposit of $250 or more.
- Access to trades with 6 asset classes: currency pairs, cryptocurrency, stocks, indices, commodities, and metals.
- The ability to trade using the MT4 terminal — mobile, desktop, and web versions.
👎 Disadvantages of Kot4x:
- No Cent (micro) accounts.
- The only way to get passive income is to participate in an affiliate program.
- Islamic accounts are not available.
- There are no proprietary services for copying transactions while using PAMM or MAM accounts.
- There are no analytics, training, or tools useful to a trader on the website.
Evaluation of the most influential parameters of Kot4x
Geographic Distribution of Kot4x Traders
Popularity in
2.98%
NG
0.79%
UA
0.56%
GB
0.09%
DE
2.73%
CA
2.22%
MX
1.46%
JM
1.35%
BS
1.06%
FR
86.76%
Others
Video Review of Kot4x i
User Satisfaction i
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Expert Review of Kot4x
Kot4x is an unregulated offshore broker registered in Saint Vincent and the Grenadines. Despite the lack of a license, the company claims that it operates with maximum transparency and pays great attention to the security of customers' funds and their data. You can trade only after you complete a two-factor authentication, submitting the required documents, and pass the KYC verification.
The kot4x.com (Kot4x) broker offers competitive spreads, but they are not the lowest in the market. Moreover, the broker's clients have to pay extra trading commissions for trading in ECN accounts, as well as bear extra costs for exchanging BTC funds, since deposits and withdrawals are carried out only in bitcoins in Kot4x. Payments in cryptocurrency are the main reason for the low popularity of the broker among traders.
The company’s website is multifunctional, and it is in English. Its main feature is that there is no possibility to chat online with a live operator. The chatbot answers the trader’s questions on both the website and in the personal account. You have to wait 1-3 days for a response to requests sent by email.
Dynamics of Kot4x’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Broker
Kot4x brokers focus on cooperating with active traders who independently trade on Forex. For this reason, its clients cannot invest in PAMM and MAM accounts, as well as in ready-made investment portfolios. Also, Kot4x does not offer any proprietary trade-copying platforms. Meanwhile, traders can connect to social trading through the trading signals services from MetaQuotes, available directly in the MT4 terminal.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Kot4x affiliate program:
-
Introducing broker (IB) — this program offers remuneration in the amount of 28.6% of commission, deducted by the broker from each trader attracted;
-
Affiliate broker— this program pays a commission of $2 for each lot traded by referrals.
A Kot4x partner receives a commission for the trading activities of a client attracted to the company, who made a deposit and trades actively. The greater the number of active referrals, the more the partner earns.
Trading Conditions for Kot4x Users
The Kot4x trading conditions are suitable for both novice and professional traders. The broker offers ECN/STP accounts with precise floating spreads from 0.4-1.2 pips and leverages up to 1:500. The minimum deposit on an account for trading only with currency pairs is $25. To make transactions with currencies, indices, commodities, metals, stocks, and cryptocurrency from a single account, replenish the account for $50 or more.
$25
Minimum
deposit
1:500
Leverage
24/7
Support
| 💻 Trading platform: | MetaTrader 4 |
|---|---|
| 📊 Accounts: | Demo, Mini Pairs, MINI Pairs, VAR Pairs, Pro Pairs |
| 💰 Account currency: | BTC, EUR, USD, GBP, CAD, AUD |
| 💵 Replenishment / Withdrawal: | Bitcoin (BTC), VISA and MasterCard debit and credit cards, Discover Card, and third-party providers |
| 🚀 Minimum deposit: | $25 (Mini Pairs) |
| ⚖️ Leverage: | 1:50-1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.4 pips |
| 🔧 Instruments: | Currency pairs, indices, commodities, metals, stocks, cryptocurrencies |
| 💹 Margin Call / Stop Out: | Not indicated |
| 🏛 Liquidity provider: | Not indicated |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Cryptocurrency trading; Replenishment; Withdrawal in bitcoins are available. |
| 🎁 Contests and bonuses: | Commission of 20% for the withdrawal of funds |
Comparison of Kot4x with other Brokers
| Kot4x | RoboForex | Eightcap | Exness | FreshForex | TeleTrade | |
| Trading platform |
MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT4, MT5 |
| Min deposit | $25 | $10 | $100 | $10 | No | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:10 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.4 points | From 0 points | From 0 points | From 1 point | From 0 points | From 0.8 points |
| Level of margin call / stop out |
10% / 50% | 60% / 40% | 80% / 50% | No / 60% | 40% / 20% | 70% / 20% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | $30 | No |
| Cent accounts | No | Yes | No | No | Yes | No |
Broker comparison table of trading instruments
| Kot4x | RoboForex | Eightcap | Exness | FreshForex | TeleTrade | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | No | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes |
| ETF | No | Yes | No | No | No | Yes |
| Options | No | No | No | No | No | No |
Kot4x Commissions & Fees
Information
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.
| Broker | Average commission | Level |
| Kot4x | $8.5 | High |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | Medium |
Detailed Review of Kot4x
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:
-
Over 250 trading instruments.
-
Excess to Forex if you have more than $25 on your account.
-
The leverage is up to 1:500.
Kot4x is among the best brokers for active and passive investments.
Kot4x executes clients' trades using the STP (straight through processing) model, which supposes order processing without the dealing center intervention. Thus, the conflict of interests between traders and the broker is excluded. Each client's trade is placed on the Kot4x aggregator, providing the best prices from the leading financial industry liquidity providers. Working using the STP model helps the company to minimize the inaccurate quotes and provide traders with ultra-fast execution speed.
The broker provides an MT4 terminal for trading. It is available for desktop and mobile devices using iOS and Android. Clients can also work through a web platform that is compatible with most modern browsers and doesn’t require downloading or installing any extra software.
For now, Kot4x doesn’t offer any proprietary useful services to improve the trading quality. You can only use the tools built into MT4 to meet your trading needs.
Advantages:
1
A wide range of trading assets, including cryptocurrencies, currency pairs, and CFDs.
2
Tight enough market spreads in a tranquil market.
3
The minimum deposit to start trading currency pairs is comprehensible.
4
High leverage for Forex trading.
5
Free access to MetaTrader 4, the most popular platform among traders.
6
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.
How to Start Making Profits — Guide for Traders
Kot4x offers 4 types of ECN accounts for MT4 with a maximum leverage of 1:500. They differ in the size of the minimum deposit, the number of available assets, the spread, and the presence/absence of commission per lot.
Types of accounts:
Account Type
Description
Mini Pairs
is a standard account for trading 29 currency pairs. The minimum deposit is $25, the spreads float from 1.0 pips. The broker’s commission is $1 per lot.
Standard Pairs
is an account with spreads from 0.8 pips. After replenishing the account with $50 or more, the trader gets access to trading currency pairs, stocks, indices, commodities, metals, and cryptocurrencies. The broker charges a commission
of $7 per lot for all assets.
VAR Pairs
is an ECN account requiring a minimum deposit of $250. There is no commission per lot, but the spread is higher than on Mini and Standard accounts and it starts from 1.2 pips on average.
Kot4x
is a professional account with precise spreads from 0.4 pips. The minimum deposit is $500. There is a $7 commission per lot traded.
Training on a demo account allows you to test the operations of the terminal provided and to evaluate the trading terms.
Kot4x is the perfect option for professional traders who are ready to invest from $500 to trade with precise market spreads.
Bonuses Paid by the Broker
A withdrawal bonus consists of 20% of the withdrawal amount
The maximum amount of remuneration should not exceed $5,000 or the equivalent.
Investment Education Online
Information
There is no training section or analytics on the Kot4x website. Click on the FAQs icon to be redirected to the Knowledge database section. There are only a few training materials and most all the information provided concerns the trading conditions of the broker.
Information available in the Education Section
Information not available at the Kot4x site
The MT4 terminal and its functions
Forex terminology & explanations
Trading in financial markets fundamentals
Economic calendar
Technical and fundamental analysis
Popular trading strategies & analysis
Quotes for online currencies
You can, however, get a minimal understanding of the principles of Forex trading by practicing on a demo account.
Security (Protection for Investors)
Information
The official website of the kot4x.com company provides information that the company is in the process of applying for a regulatory license.
Kot4x tries to compensate for the lack of a license by providing maximum security to its customers. With this objective in view, the broker uses two-factor authentication (2FA) to identify users and protect their accounts from unauthorized access. The company offers 2 options: connect the service through a special Authy application or via SMS.
👍 Advantages
- The company keeps clients' funds separately from equity capital in special bank accounts
- Two-factor authentication is used to protect personal traders’ private information and payment data
👎 Disadvantages
- A negative balance protection function is not available
- The client can’t file a formal complaint with international regulators
- The trader accepts all financial risks associated with the possible insolvency of the company
Withdrawal Options and Fees
-
The Kot4x company does not charge a commission for withdrawals. Withdrawals are processed within 24 hours.
-
Bitcoin crypto wallets, VISA debit and credit cards, MasterCard, Discover Card, and third-party providers are available for withdrawing money. The minimum withdrawal amount is $10.
-
If the trading account was replenished with a card, then the client can withdraw an amount equal to the deposit to the card. Additional funds over the original deposit amount must be withdrawn in another way.
-
Withdrawal and replenishment currencies: BTC.
-
Crediting terms. Money shall be credited to the Bitcoin wallet within 1-3 hours, to a credit card (provided that the original card with which the deposit was made is indicated) within 1-5 business days.
Customer Support Service
Information
The chatbot responds in the online chat, so traders can ask questions 24/7.
👍 Advantages
- Chat available 24/7
👎 Disadvantages
- You can't contact a live operator
- There is no way to call support staff
- The chatbot responds only in English
The trader may contact the broker's support team in the following ways:
-
ask a question in the chatbot;
-
send an email request;
-
fill out the contact form on the website (available only for registered customers);
-
request a call back (available only for traders with active accounts).
The online chat button is available on the broker's website and in the personal account.
Contacts
| Foundation date | 2009 |
| Registration address | Saint Vincent and the Grenadines |
| Official site | kot4x.com |
| Contacts |
Email:
support@kot4x.com,
|
Review of the Personal Cabinet of Kot4x
To join Forex through the Kot4x intermediary:
1
Open a trading account. To do this, go to the broker’s official website and click "SIGN UP" in the upper right corner of any page.
2
Register and create a personal account. Enter your last name, first name, email address, and create a password. Follow the link from the letter received to the specified email to confirm the current email address. Then, in the new dialog box, indicate your phone number, date of birth, gender, address with zip code, and select the currency of the account. Turn on two-factor authentication in your account and create a new account (demo or real).
3
In the Kot4x personal account, you can:
1. Make a deposit, withdraw funds, and make internal transfers between wallets on the system:
2. Creating a new demo or live account:
1. Make a deposit, withdraw funds, and make internal transfers between wallets on the system:
2. Creating a new demo or live account:
The following options are also available in the personal account:
-
Setting up two-factor authentication to protect your account from unauthorized entry.
-
KYC confirmation and verification.
-
Viewing system notifications.
-
Generating a 6-digit password to create a ticket and sending it by email to customer support.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Find out how Kot4x stacks up against other brokers.
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FAQs
Do reviews by traders influence the Kot4x rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Kot4x you need to go to the broker's profile.
How to leave a review about Kot4x on the Traders Union website?
To leave a review about Kot4x, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Kot4x on a non-Traders Union client?
Anyone can leave feedback about Kot4x on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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