Kot4x Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed Kot4x fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of Kot4x
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 |
Kot4x Commissions and Fees
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 broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Kot4x Minimum deposit
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:
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.
Brokers similar to Kot4x
When analyzing Kot4x, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of Kot4x and other brokers.
Comparison of Kot4x with other Brokers
| Kot4x | RoboForex | Pocket Option | Exness | FxPro | XM Group | |
|---|---|---|---|---|---|---|
|
Trading platform |
MetaTrader4 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, Mobile Trading, MT5, cTrader, FxPro Edge |
MT4, MT5, Mobile Trading, XM App |
|
Min deposit |
$25 |
$10 |
$5 |
$10 |
$100 |
$5 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
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 1.2 point |
From 1 point |
From 0 points |
From 0.6 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
No |
No |
Yes |
| Kot4x | RoboForex | Pocket Option | Exness | FxPro | XM Group | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
Yes |
Yes |
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 |
No |
|
Options |
No |
No |
No |
No |
No |
No |
Could I recommend Kot4x to a beginner trader?
Analysis of Kot4x shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can the fees differ depending on the asset?
Yes. This is why many brokers specify the fees for each asset individually.
If the fees are low, how does a broker make money?
As a rule, brokers with low fees earn on the fees thanks to high trading volume and also non-trading fees.
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
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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.