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
- $10
- TradeLocker
- SVG FSA
- 2009
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 moderate-risk broker with the TU Overall Score of 6.96 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 owned by Kot Ltd. is a broker for professionals trading independently and ready to make a sizable investment from the beginning of cooperation with the company.
Brief Look at Kot4x
The Kot4x Broker (kot4x.com) is an online Forex cryptocurrency and CFD broker with advanced technologies for trading on the financial markets. So, what exactly is Kot4x? This online broker provides a secure ECN trading environment and offers over 250 trading instruments, including cryptocurrencies. Is Kot4x legit? Kot4x doesn’t limit trading strategies. It charges low trading fees and allows payments in Bitcoins.
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- 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 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.
TU Expert Advice
Financial expert and analyst at Traders Union
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 crypto, since deposits and withdrawals are carried out only in bitcoins and several other coins. 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.
Kot4x Trading Conditions
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.
| 💻 Trading platform: | TradeLocker |
|---|---|
| 📊 Accounts: | Standard Pairs, Mini Pairs, VAR Pairs, Pro Pairs |
| 💰 Account currency: | BTC, EUR, USD, GBP, CAD, AUD |
| 💵 Deposit / Withdrawal: | Bitcoin (BTC), VISA and MasterCard debit and credit cards, Discover Card, and third-party providers |
| 🚀 Minimum deposit: | $10 (Mini Pairs) |
| ⚖️ Leverage: | 1:50-1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,2 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 |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | Cryptocurrency trading; Replenishment; Withdrawal in bitcoins are available. |
| 🎁 Contests and bonuses: | Commission of 20% for the withdrawal of funds |
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 $10. To make transactions with currencies, indices, commodities, metals, stocks, and cryptocurrency from a single account, replenish the account for $50 or more.
Kot4x Key Parameters Evaluation
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Trading Account Opening
To join Kot4x Forex trading through the Kot4x intermediary:
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.
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).
In the Kot4x personal account, you can:
The following options are also available in the personal account:
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Setting up two-factor authentication to protect your account from unauthorized entry.
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KYC confirmation and verification.
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Viewing system notifications.
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Generating a 6-digit password to create a ticket and sending it by email to customer support.
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Additionally, the Kot4x minimum deposit ensures that starting your trading journey is both accessible and convenient.
Starting Forex trading with Kot4x is straightforward, especially since the minimum deposit required by Kot4x is only $10, making it very accessible for beginners.
Kot4x - How to open, deposit and verify a trading account | Firsthand experience of Traders Union
Regulation and safety
Kot4x has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 16 years
- Not tier-1 regulated
Kot4x Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 SVG FSA |
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
Kot4x Security Factors
| Foundation date | 2009 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Kot4x have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No withdrawal fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Kot4x with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Kot4x’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Kot4x Standard spreads
| Kot4x | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,7 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,1 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,8 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Kot4x RAW/ECN spreads
| Kot4x | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Kot4x. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Kot4x Non-Trading Fees
| Kot4x | Pepperstone | OANDA | |
| Deposit fee, % | 0-5 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Kot4x offers 4 types of ECN accounts 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:
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.
Deposit and withdrawal
Kot4x received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Kot4x offers limited payment options and accessibility, which may impact its competitiveness.
- USDT (Tether) supported
- Bank card deposits and withdrawals
- Supports 5+ base account currencies
- No withdrawal fee
- Deposit fee applies
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are Kot4x deposit and withdrawal options?
Kot4x offers a limited selection of deposit and withdrawal methods, including Bank Card, BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making Kot4x less competitive for those seeking diverse payment options.
Kot4x Deposit and Withdrawal Methods vs Competitors
| Kot4x | Plus500 | Pepperstone | |
| Bank Wire | No | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Kot4x base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Kot4x supports the following base account currencies:
What are Kot4x's minimum deposit and withdrawal amounts?
The minimum deposit on Kot4x is $10, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Kot4x’s support team.
Markets and tradable assets
Kot4x offers a limited selection of trading assets compared to the market average. The platform supports 250 assets in total, including 57 Forex pairs.
- Crypto trading
- 57 supported currency pairs
- Indices trading
- Futures not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Kot4x with its competitors, making it easier for you to find the perfect fit.
| Kot4x | Plus500 | Pepperstone | |
| Currency pairs | 57 | 60 | 90 |
| Total tradable assets | 250 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Kot4x offers for beginner traders and investors who prefer not to engage in active trading.
| Kot4x | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
Kot4x received a score of 6.35/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- One-click trading
- Trade directly from TradingView
- Trading bots (EAs) allowed
- MetaTrader is available
- No access to Free VPS
- No access to a proprietary platform
- No access to cTrader and its advanced tools.
Supported trading platforms
Kot4x supports the following trading platforms: MT4, TradingView. This selection covers the basic needs of most retail traders. We also compared Kot4x’s platform availability with that of top competitors to assess its relative market position.
| Kot4x | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | No | No | Yes |
| cTrader | No | No | Yes |
| TradingView | Yes | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | No | Yes | Yes |
Key Kot4x’s trading platform features
We also evaluated whether Kot4x offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | No |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 100 |
| Tradable assets | 250 |
Additional trading tools
Kot4x offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Kot4x trading tools vs competitors
| Kot4x | Plus500 | Pepperstone | |
| Trading Central | No | No | No |
| API | Yes | No | Yes |
| Free VPS | No | No | Yes |
| Strategy (EA) builder | No | No | Yes |
| Autochartist | No | No | Yes |
Mobile apps
Kot4x supports mobile trading, offering dedicated apps for both iOS and Android. Kot4x received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- Android and iOS apps
- Weak user feedback on iOS
- Low app installs across iOS and Android
We compared Kot4x with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| Kot4x | Plus500 | Pepperstone | |
| Total downloads | 1,000 | 10,000,000 | 100,000 |
| App Store score | No data | 4.7 | 4.0 |
| Google Play score | No data | 4.4 | 4.0 |
| Mob. 2FA | No | Yes | Yes |
| Mob. Indicators | No | Yes | Yes |
| Mob. Alerts | No | Yes | Yes |
Education
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.
You can, however, get a minimal understanding of the principles of Forex trading by practicing on a demo account.
Customer support
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:
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ask a question in the chatbot;
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send an email request;
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fill out the contact form on the website (available only for registered customers);
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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 |
| Regulation | SVG FSA |
| Official site | kot4x.com |
| Contacts |
Comparison of Kot4x with other Brokers
| Kot4x | Eightcap | XM Group | RoboForex | VT Markets | InstaForex | |
| Trading platform |
TradeLocker | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $10 | $100 | $5 | $10 | $50 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | Yes | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.4 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
10% / 50% | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | 30% / 10% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | Yes | No | No | Yes | No | Yes |
Detailed Review of Kot4x
Kot4x offers a wide range of trading instruments of various asset classes for online trading using the Tradelocker platform, including CFDs (contracts for difference) and trades in major, minor, and exotic currency pairs. Its clients can make operations with 55 currencies, 9 indices, 9 commodities (including metals and energies), 104 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 $10 on your account. The leverage is up to 1:500.
One key advantage is that the minimum deposit required to start trading on Kot4x is both low and accessible, making it suitable for beginners as well as experienced traders. To access the platform, users can complete a secure login process on Kot4x through its official website.
Kot4x executes clients' trades using the STP (straight-through processing) model, which ensures order execution without intervention from the dealing center. As a result, any conflict of interest between traders and the broker is eliminated. Each client's trade is placed on the Kot4x aggregator, which sources the best prices from leading financial industry liquidity providers. The details regarding who exactly owns Kot4x, as well as any related ownership information, are not widely disclosed. However, the platform has gained recognition among traders due to its efficient services.
Discussions about whether or not Kot4x is trustworthy, along with assessments of its credibility, often emphasize the broker's transparent ECN model and ultra-fast trade execution speeds as strong positive factors. Operating through the STP model allows the company to minimize pricing discrepancies and provide traders with high-speed order execution.
When it comes to the latest Kot4x news, including updates about its platform and services, the broker offers a Tradelocker platform for trading. It is available on desktop and mobile devices running iOS and Android. Clients can also access a web-based platform compatible with most modern browsers, eliminating the need for additional software downloads or installations. As of now, Kot4x does not provide any proprietary tools to enhance trading quality. Instead, traders can only rely on the built-in features of Tradelocker to meet their trading needs.
Kot4x is among the best brokers for active and passive investments.
Kot4x stands out as a viable broker, particularly for experienced traders seeking high leverage and flexibility in trading strategies. With over 250 trading instruments, including Forex, cryptocurrencies, stocks, and commodities, it provides comprehensive trading opportunities. The low minimum deposit requirement makes it accessible for new traders, while the advanced ECN/STP model ensures rapid execution and minimal conflict of interest. However, traders should approach Kot4x with caution due to its lack of regulation. Overall, Kot4x is recommended primarily for traders comfortable with offshore brokers and cryptocurrency-based deposits and withdrawals.
Advantages:
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.
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