Welcome to my Kot4x review. In this article, we will learn everything about Kot4x broker. If you are looking to enter the world of forex with Kotforex, in this article we’ll look into every pros and cons of Kot4x along with practical step by step guides.
I’ll answer all of your questions, including: Is Kot4x regulated, Kot4x minimum deposit, Kot4x withdrawal, all Kot4x account types, Kot4x leverage, Kot4x spreads along with some useful opportunities to begin trading with Kot4x broker, such as how to download Kot4x MetaTrader 4, Kot4x funded account, and Kot4x demo.
We’ll also discuss the various markets available for trading and the different platforms you can use with Kot4x, such as the MetaTrader 4 Desktop Platform, MT4 WebTrader, and the MT4 Mobile App. We’ll also look at how to deposit funds to your Kot4x account via Credit/Debit card through a 3rd party provider, and what are Kot4x deposit methods.
We’ll look at kot4x deposit fees along with minimum and maximum deposit amounts. We’ll also check on kot4x withdrawal methods, including the process if you use cryptocurrency or credit/debit cards for deposit, along with kot4x withdrawal time.
For those interested in advanced trading techniques, we’ll delve into kot4x leverage and super leverage accounts, and kot4x pamm account. You’ll also learn how to create a Kot4x demo from the website and my full kot4x funded challenge review.
And if you are looking for ways to get out of Kot4x, I’ll tell you all about how to delete kot4x account.
My Kot4x Overview
Is Kot4x regulated?
Not approved by any regulator in the forex market, Kot4x or in other words Kotfx is unregulated. However, Kot4x state that they are in the process of applying for a license to be issued and that this may take some time. Regarding the question of whether Kot4x is a regulated broker or not, it’s very clear that as long as they haven’t obtained the regulation from any regulatory organization yet then the answer to the question is Kot4x regulated is no, Kot4x is unregulated.
To be frank, in a huge market like the forex market, it’s very possible to have an unregulated broker yet provide a very trustworthy and reliable service, yet again that’s not the case with every unregulated broker.
The reason why regulations are the core of the forex brokers’ dependability is that they provide safety for your funds, fraud protection, disclosure statement of products, dispute resolution, and providing transparent conditions for operation.
With no regulation, it’s hard to determine whether Kotforex is having a segregated account for the clients separated from the company’s own operation accounts and whether broker Kot4x is participating in legitimate actions or not.
The location where Kot4x is located too brings the question of reliability, where rules are a bit more flexible in St. Vincent and the Grenadines than in other places.
There are also reputable regulating entities such as Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC) which govern several big forex broker houses which I advise trade with.
What are the Account Types and Spreads of Kot4x?
Kot4x offers its customers the opportunity to use the MT4 platform in 4 types of accounts: Standard, Pro, VAR, and MINI, and its trading model is ECN STP. Where they differ mainly in the structure of the commissions and spreads as that would mean the account types would be suitable for different types of trades with different approaches to investment.
The maximum leverage offered by Kot4x is 1:500 and it’s the same for all kinds of accounts. 1:500 leverage means that for every $ 1 in a client’s account, the Kot4x broker can trade up to $500. high leverage means higher risks and so I advise you to be careful. This ratio can result in significant gains and also means significant losses.
Some common features that can be noticed in all accounts are: the absence of Islamic/ swap-free accounts, the availability of demo accounts, allowing swaps in all accounts, and hedging and scalping are also possible.
You can find information about the spread and commissions of Kotfx on the table.
In terms of commission, the STANDARD and the PRO types of accounts have a $7 commission per lot, the MINI type of account has a $1 commission per lot while the VAR type of account has no commission.
Yet, from the user reviews, Kot4x broker reserves the right to commission and the amount of this is not specified and many customers have experienced this.
- The standard pairs allow trading in micro-lots of 1000 units of currency or CFDs. Spreads offered in these accounts are starting from 0.8 pips with $7 as a commission per lot. 57 pairs of Forex are offered for trading with different types of instruments to deal with which are FX pairs, indices, commodities, metals, stocks and cryptocurrencies. The kot4x minimum deposit for the standard pair’s account is $50.
- The pro pairs account offers a spread starting from 0.4 pips and a commission of $7 per lot. 28 pairs of Forex are offered for trading in these accounts with a kot4x minimum deposit of $500. along with micro-lot trading options and different investment instruments.
- The VAR pairs offer spreads starting from 1.2 pips, considered a high amount. Yet there are no commissions applied per lots in this account. The kot4x minimum deposit here is $250 and with 28 pairs of Forex and only FX pairs as trading instruments.
- The mini pairs account allows you to trade with micro lots representing 1000 units of a currency or CFDs. However, it only offers 29 pairs of Forex while the forex pairs offered in other accounts reach up to 57 pairs. The spreads in the mini pair’s account can reach up to 1.0 pips with a $1 commission per lot. It offers forex and indices as available trading instruments with 13 indices to be traded. The kot4x minimum deposit for the MINI pairs account is $25.
The available instruments of STANDARD, PRO, and VAR accounts are FX, indices, commodities, metals, stocks, and cryptos but for available tools of MINI, accounts are only FX. All kinds of accounts use the MT4 platform to trade.
Payment options are very limited in kotForex. You can fund and withdraw via Bitcoin, debit/credit card and credit/debit card via e-commerce pay.
What is the Kot4x Minimum Deposit?
Kot4x minimum deposit varies according to different types of accounts. So for example, the mini pair’s account has the lowest minimum deposit amongst all other account types at only $25. While the highest kot4x minimum deposit account is the pro pair of a $500 as a minimum deposit.
The standard pairs have a kot4x minimum deposit of $50 and the VAR pairs have a minimum deposit of $250.
Kot4x minimum deposit in comparison with other brokers who offer $1 as a minimum deposit, isn’t the best in the market. In case you want to read more about brokers with the lowest minimum deposit is here.
Kot4x MT4 is at the core of the platform. MT4 has been a well-established, reliable, and user-friendly choice for forex traders for quite some time. In this section of the review, we’ll explore how Kot4x MT4 impacts the trading experience and where to securely source the Kot4x MetaTrader 4 download.
Kot4x MT4 is renowned for being a user-friendly platform for forex traders. With Kot4x MT4, traders can customize their charts to suit their specific needs, utilize technical indicators and price movements, and access historical data from multiple timeframes. The platform offers various chart types, including line charts, bar charts, and candlestick charts, allowing traders to choose their preferred visualization style. Kot4x MT4 provides an extensive selection of Expert Advisors (EAs). EAs are automated trading systems that can execute trades based on predefined rules. With Kot4x MT4, you can automate your trading process, but the decision is up to you.Kot4x MT4 is known for its stability and reliability. MT4 is probably the most compelling selling point for Kot4x, aside from its spreads.
Kot4x metatrader4 download link can be found for windows mobile and mac on kot4x official website. In todays world mobile devices are widely used for complex daily tasks and using kot4x app allows you trade on the go.
What is Kot4x?
If you are familiar with the world of forex trading, you already know that you need to conduct thorough research before starting to work with a broker. Some forex brokers seem unreliable, and Kot4x might be one of them. First question on your mind should be “is kot4x regulated?”
Kot4x is not regulated by trusted authorities. In my opinion, it’s always better to choose forex brokers that are regulated by trusted authorities, such as CySEC and FCA. I have seen some traders complaining about not finding any registration for the company, which is enough reason to doubt the reliability of the Kot4x broker.
Kot4x is a forex broker based in Saint Vincent and the Grenadines, but Kot4x is not a regulated broker. Kot4x operates without a formal regulatory license, despite their claims to prioritize transparency and the safety of customer funds. If you wish to trade with Kot4x, you will need to complete a two-factor authentication and undergo KYC verification, providing the necessary documents.
One notable aspect is Kot4x spreads. While Kot4x spreads are competitive, they are not the lowest in the market. There are additional Kot4x fees for exchanging BTC funds with EVN accounts, as Kot4x deposit and withdrawal processes are exclusively conducted through Bitcoin. This could be one of the reasons why Kot4x is not a popular choice among traders.
Kot4x web trader platform is entirely in English, making it user-friendly for forex traders worldwide. A key feature of the Kot4x web trader is the ability to chat with a live operator. Although it’s just a chatbot, you can obtain valuable information about Kot4x withdrawal methods, demo accounts, and more. This feature enables Kot4x customer service to provide instant assistance for common issues, but email requests may take 1-3 days for a response.
It is important to note that while Kot4x emphasizes transparent trading and competitive spreads, Kot4x is not regulated by trusted authorities. With offshore brokers like Kot4x, the risk is ultimately yours to bear. In the end, you should carefully weigh the pros and cons of trading with Kot4x, and it is advisable to prioritize your own interests over potential profits at all times.
Forex trading can walk a fine line between gambling and trading, and Kot4x falls onto the wrong side of this spectrum, making forex traders feel like they are playing roulette with no trustworthy justice provider. Many are not happy with their experience with the Kot4x broker.
According to various customer reviews, the Kot4x app and web trader are slow with long wait times when operating. Additionally, they can be buggy for Kot4x MT4 and there is no such a thing as Kot4x MT5 users because Kot4x doesn’t support MT5.
Advantages of Kot4x
In this section of our Kot4x review we’ll look into why it might be a good idea to choose KOT4X as your broker. Kot4x offers a range of advantages that can benefit your trading experience and potentially boost profitability.
One of the standout features of Kotforex is the accessibility. Kot4x minimum deposit is just $15, it might be an ideal choice for both beginners and those who prefer to start small. The ability to trade with such a low starting amount can be especially attractive to new traders looking to get a taste of the forex market, but I’d suggest you do it with a regulated broker, and is kot4x regulated? Simply, no.
Kot4x leverage goes as high as 1:500, which is an interesting amount. This high leverage can amplify your trading potential, allowing you to control larger positions with relatively smaller amounts.
Speed is of the essence in forex trading, Kotfx offers a lightning-fast execution. This feature can be crucial, especially in volatile markets where decisions can make significant differences.
Kot4x spreads are tight, which can translate to lower transaction costs, you’ll have a bigger piece from your profits. Kot4x broker also offers Expert Advisors (EAs), which can help you automate your trading strategies and make algorithmic trading for more advanced traders.
Kot4x commission can benefit with low rates. Ideally you can make more profit from your actual profit by reducing expenses Kot4x allows trading as high as 500 lots, giving experienced traders the flexibility to work with larger positions.
Kotfx supports open multiple positions, hedging, scalping, and news trading, catering to a wide range of trading strategies. Kot4x accommodates both long or short positions, allowing you to take advantage of various market conditions.
Kot4x Login: How To Download And Login To Your MetaTrader Account
STEP 1: Go to official website of Kotforex
STEP 2: Find Download MT4 on the top right of the screen and choose the platform you wish.
Step 3: Click run when downloaded. You can search from Kot4x servers by typing KOT LTD and pressing scan.
Step 4: Which server to choose should be indicated in the e-mail you’ll recieve when creating an account. You can also check my accounts section to find which Kot4x server to choose.
Step 5: Click Next and select Existing Trade Account.
Step 6: Click login and Enter the MetaTrader account details and use your trader password from the email you received when creating your MT4 account.
Step 7: Click Finish and voila, now you’ve successfully completed the process of kot4x metatrader 4 download.
If you decide to create an account with Kot4x , you’ll have access to a broad range of trading options that’ll be suited for a wide variety of financial interests. There are over 100 Kot4x pairs and instruments..
Kot4x pairs and instruments include:
- Kot4x Pairs: A collection of 55 currency pairs, including major, minor, and exotic FX crosses.
- Stocks: KOT4X presents 104 stocks representing some of the world’s largest and most influential companies.
- Cryptocurrencies: Engage in cryptocurrency trading with a choice of 31 digital assets, including popular options like Bitcoin and Ethereum.
- Indices: Access 8 different indices for diversified trading opportunities.
Kot4x seems to be specialized in CFDs, in another say Contracts for Difference, Kot4x CFDs enables traders to benefit from price movements of financial instruments without needing to physically own them. If you think that an asset’s price will rise or fall, you can act accordingly.
Kot4x Trading Platforms
Metatrader 4 Deskop
Kot4x offers its users MetaTrader 4 (MT4) trading platform, a favorite among millions of traders worldwide. Kot4x MT4 stands out for its fully customizable and user-friendly interface, making it an excellent choice, especially for beginners in the trading. Kot4x Metatrader 4 has many advanced built-in trading tools that will help you on your way to a successful forex trading.
Kot4x MT4 truly shines with its flexibility, with an unmatched experience on various devices. Kot4x MT4 desktop offers a web-based trading terminal that you can use as an application on your pc.
What Kot4x MT4 offers:
- Kot4x MT4 Analytical Tools: You have access to a collection of over 20 analytical charting tools, with the insights you’ll need to make well-thought trading decisions.
- Kot4x MT4’s Technical Indicators: With more than 30 technical indicators at your service, you can arrange your analysis and find potential trading signals.
- Kot4x MT4 Charts: There are nine time frames available, which can allow you to analyze market movements. Interactive charts make it easy to visualize and understand the data for more profitable actions.
- Kot4x MT4 Order Flexibility: MetaTrader 4 supports multiple order types, including instant, pending, and limit orders, giving you the flexibility to trade more freely and systematically.
- Kot4x MT4 Risk Management: You can set stop-loss and take-profit targets easily.
- Kot4x MT4 Price Alerts: These can be sent to you via SMS, email, or as alerts on the platform, helping you to never miss an important fluctuation.
- Kot4x MT4 Expert Advisors (EA): Expert Advisors allows you to make your trading automated. It is an absolute game-changer for those looking to implement algorithmic strategies.
- Efficient Trading with Kot4x MT4: Complete your trades easily by utilizing the 1-click trading directly from the charts. This feature saves you time and simplifies the trading process.
- Global Accessibility of Kot4x MT4: MetaTrader 4 is available in 39 languages,with users all around the world. It’s also compatible with both Mac and Windows.
MT4 Mobile App
The MetaTrader 4 mobile app functions as a comprehensive trading platform, tailored to work seamlessly on mobile devices. It gives users access to a wide range of trading instruments through KOT4X broker.
- Trading Flexibility: With 24/5 accessibility, traders can engage in market activities from anywhere in the world with Kotfx. This flexibility is especially valuable for those who wish to respond quickly to market changes or seize trading opportunities in different time zones.
- Trading History: Accessing to Kot4x trading history allows users to review past trades, analyze their performance, and make informed decisions for future trades.
- Communication Tools: In addition to trading functionality, the Kot4x app also includes free mobile chat and email features, allowing traders to communicate with their peers and colleagues, improving overall trading experience.
The MT4 Mobile App is a valuable resource for traders, offering the flexibility to trade anytime, anywhere, and access a wide array of trading tools, indicators, and real-time information,
How to Coins to Kot4x
Step 1: Login and go to Kot4x deposit page.
Step 2: On your Kot4x dashboard, locate and click on the “deposit” button.
Step 3: Next, you’ll need to complete the deposit form with the following details:
- Select Wallet: Curenncy
- Select Type: Coin
- Amount to deposit
Step 4: Once you are on the deposit page, you will find all the necessary credentials required for your Coinbase account. This information is important to transfer the deposit into your Kot4x wallet.
Step 5: Now, paste the BTC amount and Bitcoin address into the corresponding fields, as shown in the image.
Step 6: Press continue and submit your withdrawal from Coinbase, which will serve as a deposit into your Kot4x account.
The BTC transaction from Coinbase to Kot4x usually takes 1-3 hours to receive all of the confirmations.
KOT4X: How to fund your Account with Credit Card
Step 1: On the left-hand side of your screen, locate and tap the three horizontal lines.
Step 2: After tapping the three horizontal lines, select “Deposit Funds.”
Step 3: Choose Bitcoin via 3rd party.
Step 4: Now, select the wallet to which you want to add funds. Debit/Credit Card is only available for USD and EUR wallets.
Step 5: Tap on the “platform” button under the Add Money To section.
Step 6: Enter the amount you wish to send.
Identity verification is a mandatory step for depositing funds to your account
Step 7: Once you’ve entered the desired amount, proceed by clicking Redirect me to the Payment Page.
Step 8: If this is your first time using the 3rd party platform, follow these steps:
- Click “Sign up” on the left box.
- Follow the registration process to create your account.
- Once you’ve successfully signed up and completed the verification process on the 3rd party platform, return to your KOT4X account and click “PAY” in the deposit section.
If you already have an account with the 3rd party platform, click proceed.
Step 9: Now, you will be redirected to the platform’s sign-in page, where you should input your credentials if you are not already signed in. Choose your verified Credit/Debit card that you’d like to use to purchase Bitcoin. The remaining details, including the transaction amount, will be automatically filled in for you. Check Terms Of Service to proceed with the transaction, and finally, click “Pay Now” to complete the process.
Once your Bitcoin (BTC) wallet provider sends the transaction to the Blockchain, the status on the deposit page will change from “WAITING APPROVAL” to “WAITING CONFIRMATION.” Bitcoin (BTC) deposits require confirmation by the Blockchain through 3-6 confirmations to ensure the funds are securely received. This confirmation process usually takes around 1-3 hours.
In this section of our Kot4x Review, we’ll look at deposit methods and troubleshoot payment issues directly. Here’s what you need to know:
Available methods for Kot4x Deposit
- 1. Bitcoin (BTC)
- 2. Litecoin (LTC)
- 3. USDT (TRC20/ERC20)
- 4. USD Coin (TRC20)
- 5. Ripple (XRP)
- 6. Ethereum (ETH)
- 7. Dogecoin (DOGE)
- 8. Debit/Credit Card via 3rd Party Providers (You’ll purchase Bitcoin with your card and transfer it into your KOT4X account.)
When it comes to deposit an unregulated forex broker it’s always good to know what issues you might face during the process. Kot4x claims to be the king of transparency, but I’ll share some of the issues that surfaces when trading with Kot4x according to user reviews and my experiences along with possible solutions.
Network Traffic and Confirmation Times: Deposits may require 1-3 hours for processing, which can vary although it’s based on network traffic, it can be sooner too. Confirmation times may take between 3-6 confirmations from Kot4x broker for your deposit to be finalized.
Always double check your details since it is vital to verify the correctness of your deposit details, Kotfx works with offshore hostings and 3rd party services, anything you wrote carelessly may cause some problems.
Cryptocurrency Specifics: When depositing via cryptocurrency to Kot4x, make sure you use Bitcoin (BTC) and not Bitcoin Cash (BCH) to avoid any payment issues.
Transaction Codes: Use the transaction codes Kot4x broker provides only once to facilitate a smooth deposit process.
Kot4x Deposit Fees
Deposit fees are one of a few aspects that can feed from your profits, especially when depositing via Bitcoin.
Deposit fees are deducted from the Blockchain network to facilitate transaction processing and are not demanded by KOT4X.
Here are the current Kot4x Deposit Fees:
- Bitcoin: 0%
- Other Cryptocurrencies: 2.5%
- Bitcoin via Credit/Debit Card (through Various 3rd Party Platforms): 0%
Kot4x Minimum Deposit
When it comes to choosing a forex broker, low minimum deposit one crucial aspect I always consider is the minimum deposit requirement. It’s not just a number; it’s a gateway to the trading world, and the first step of your well being in the forex world.
The Kot4x minimum deposit amount for Bitcoin, Litecoin, USDT, USD Coin, Ripple, Ethereum and Dogecoin is a $10.There’s no maximum limit to what you can deposit.
For me, that $10 Kot4x minimum deposit is a solid option for your trading strategies and your safety. Even though Kot4x doesn’t have the best low minimum deposit condition( here’s a list of top forex brokers with low minimum deposit) It’s still a solid option meaning that I don’t need to commit a large chunk of capital right away. I can dip my toes into the trading waters, test my strategies, and get a feel for the platform without risking a fortune. It’s ideal for beginners and risk-conscious traders like me.
Kotfx Debit-Credit Card Minimum Deposit
The Kot4x minimum deposit for card payments usually falls between $25 and $50. There’s no upper limit here either. When I’m in the mood for the convenience of card payments, and trust the broker, my that slightly higher minimum deposit doesn’t bother me. It offers more convenience and freedom over my trading strategies.
There are two ways to get your Kot4x withdrawal, allowing traders to withdraw their funds conveniently via Bitcoin (BTC) or USDT (TRC20/ERC20).
Kot4x Withdrawal: Credit Card and Coins
Kot4x withdrawal process has some conditions for credit card/ crypto process:
- To make withdrawals from Kot4x, be sure that you send the same amount of Bitcoin (BTC) back to your Wallet address.
- Be sure to enter the BTC Bitcoin wallet adress linked to your wallet.
- If you’ve done the kot4x deposit with credit card, the withdrawal must be sen to your Bitcoin wallet.
- Kot4x claims that the withdrawals usually takes 1- 3 hours to be completed after 3-6 confirmations on the Blockchain for your funds to become available in your BTC wallet.
Digital currency protocols does not allow you to cancel the transaction of Kot4x withdrawal once it has been processed.
Kot4x Withdrawal: Crypto
Step 1: Choose the BTC wallet you want to make the transaction.
Step 2: Choose either Bitcoin or Tether.
Step 3: Enter the quantity of the funds and request a withdrawal from Kot4x.
Step 4: Confirm by clicking Withdrawal from Kot4x app.
Step 5: You’ll be directed to another page other than Kot4x app. Enter your information , and click withdraw.
Kot4x withdrawal process is that easy, but there are some conditions:
You can only enter a Bitcoin BTC wallet address in order to successfully complete Kot4x withdrawal.
Kot4x Different Currency Wallets
For Kotfx Crypto:
- EUR – Euro
- USD – US Dollar
- GBP – Great British Pound
- CAD – Canadian Dollar
- AUD – Australian Dollar
- BTC – Bitcoin
For Kotfx Credit card:
- EUR – Euro
- USD – US Dollar
- GBP – Great British Pound
- BTC – Bitcoin
Kot4x Withdrawal Time
Kot4x withdrawal time is less then 24 hours according to their website.
Once Kot4x crypto withdrawals processed, you need to check network traffic for updates for your withdrawal timeframe. Keep your eye on the transaction by checking related network.
Kot4x Auto Withdraw Stop Loss
Step 1: Go to your Investor’s Widget and pick the fund you want to apply the Kot4x Auto-withdraw stop loss.
Step 2: Click on the three dots next to the fund, and select edit.
Step 3: Now, choose the specific percentage of funds that you’d like to be automatically withdrawn.
Step 4: When the Kot4x auto-withdrawal activated, you’ll notice the withdrawn funds deposited into your investor account.
KOT4X Withdrawal Fees?
There is no Kot4x withdrawal fees, but there are transaction fees coming from the respective methods or 3rd party services.
Kotforex says that the network fees will be applied when withdrawing via cryptocurrency. They also say that, these fees will be subtracted from the cryptocurrency networks and will not be deducted from your KOT4X account.
KOT4X: Super Leverage Accounts
In this part of our Kot4x review we’ll dive into Super Leverage, an innovative feature that’s changing the landscape of Forex trading. I’ll walk you through the key aspects of Kot4x Super Leverage, sharing its advantages, limitations, and real-world applications in the Forex trading arena.
So, What Exactly is Super Leverage?
Kot4x Broker Super Leverage could be your ticket to an enhanced Forex trading experience. It’s a game-changer designed to cater to traders looking to maximize their trading potential. But in a riskier way too, of course.
With Kot4x Super Leverage, traders can tap into a significantly larger portion of the market using less capital, opening doors to new trading opportunities.
Kot4x dynamic leverage introduces a leverage mechanism that adapts to your equity. It minimizes potential losses while ensuring continued market access. As you experience trading success, inject more funds, or make profits, your leverage decreases, acting as a safety net while maintaining market access. It may all sound good but lets not forget it could also be black hole that will swallow you whole.
It’s claimed that every change in Kot4x leverage due to deposits, withdrawals, or equity fluctuations is meticulously recorded in your account history. This transparency ensures you’re always in the know about your trading activities.
While Kot4x Super Leverage can amplify your profit potential, it can also amplify your losses. Traders must exercise caution and implement robust risk management strategies to safeguard against potential downsides. Keep a close eye on stop-outs, which may become more likely in high downward market fluctuations. Maintaining a healthy margin for your account is essential.
Super Leverage offers varying leverage configurations based on your account’s equity:
- Equity between $0 – $1000: Leverage is set at 1000.
- Equity above $1000: Leverage is set at 500.
Kotfx Super Leverage offers stability through equity threshold configurations. These thresholds activate as your equity decreases, safeguarding your account against rapid leverage changes in the volatile Forex market. It’s all about providing a more stable trading experience.
Equity thresholds are fixed at specific equity levels. As your equity fluctuates, the leverage remains constant within a specific range. However, once you reach or surpass these thresholds, your leverage will adjust accordingly.
Super Leverage is all snowball effect in Forex trading, offering flexibility and control to traders. But safety should be your number one priority if you want a long and healthy trading life.
Kot4x Leverage Options
When it comes to Kot4x leverage, there’s a wide range of possibilities. Let’s break them down these possibilities in our Kot4x review:
Leverage For Standard Kot4x Account Types:
- Forex Markets: You can select 1:500 leverage.
- Metals: Leverage is set at 1:200.
- Cryptos: Enjoy 1:100 leverage.
- Stocks: Leverage is fixed at 1:20.
- Indices and Energies: Both come with a leverage of 1:200.
For Kot4x Accounts with more than 500k:
- Stocks, Cryptos, Metals, Indices, and Energies all have a leverage of 1:50.
- Forex markets offer 1:200 leverage.
Special Leverage Adjustments in Kot4x
- For the Turkish Lira (TRY) market, leverage is temporarily set to 1:0 due to increased volatility.
- SHBUSD1000 Crypto operates a leverage of 1:30.
- Ripple (XRPUSD) leverage has been changed from 1:100 to 1:50 due to ongoing legal proceedings.
- Leverage for Silver (XAGUSD) has been adjusted to 1:100 due to market volatility.
KOT4X Pamm Account Leverage
Kot4x pamm account is a unique investment tool for traders. Kot4x pamm account allows skilled traders, known as PAMM Money Managers, handle multiple trading accounts on behalf of investors, who are called PAMM Investors.
Here’s how Kot4x pamm account goes:
- Kot4x Pamm Money Managers: These are the trading pros who set up a PAMM account to trade in various financial markets like Forex, stocks, and more. Their goal is to make profits through trading.
- Kotf4x PAMM Investors: These are the folks who pick a PAMM Money Manager they trust to make money for them. They invest their funds into the PAMM account managed by the Money Manager.
Any profits and losses that the PAMM Money Manager makes are divvied up among the PAMM Investors. The split depends on their initial investments and their share of the total equity
Kot4x Leverage: How to Change on The Go
Step 1: Login and go to My Accounts.
Step 2: Click View on the Kot4x account page.
Step 3: Click the three horizontal dots.
Step 4: Click Change Leverage.
Step 5: Change your Kot4x Leverage and hit submit. That’s it
Kot4x demo account provides a risk-free playground to learn, practice, and refine your trading skills. You can try out strategies, get comfortable with the trading platform, and understand how the markets move. Plus, it’s a confidence booster, helps with emotional control, and prepares you for the real deal without risking your money. It’s the smart way to start your trading journey. Let’s learn how to open a Kot4x demo in this section of out Kot4x review.
Creating a Kot4x Demo Account:
Step 1: Click here.
Step 2: Fill the necessary informations required for Kot4x demo account, then click Open Demo Account.
Step3: Check you inbox for Kot4x demo mail.
Kot4x Funded Account Review
What is the Kot4x Funded Account Challenge?
Kot4x Funded Account Challenge is an exciting opportunity for traders to showcase their trading skills and knowledge, with the potential to win a Fully Funded Trading Account tailored for success. The best part? It allows you to prove your trading abilities without risking your personal funds.
How Does Kot4x Funded Account Work?
Traders have to complete two steps before being a part of Kot4x funded account challenge.
- Admission Fee: Traders pay an admission fee to enter the Kot4x funded account challenge.
- Pass Two Phases: Successfully pass the first two phases of Kot4x funded account challenge.
Benefits of Kot4x Funded Account:
Once you meet the necessary conditions of Kot4x funded account, you gain access to a Fully Funded Account. Here’s what you can expect:
- You’ll receive 80% of the profits generated from this Fully Funded Account.
- All losses incurred are covered from the account’s capital, and personal funds in your Kot4x funded account remain safe.
Kot4x Funded Account Value:
What happens If you succeed in the Kot4x Funded Account challenge?
The value of the Kot4x Funded Account will match the account size you initially selected when applying for the challenge. You can choose from three options: $50,000, $100,000, or $200,000.
I think Kot4x Funded Account Challenge offers traders a unique opportunity to prove their trading skills, potentially earn substantial profits, and do so without exposing their personal funds to risk.
How to Delete Kot4x Account
Step 1: Click My Accounts in Kot4x app.
Step 2: Click ‘View’ on the account that you want to remove.
Step 3: Click Three Dots at the top of the screen and Click Delete Account.
Step 4: Click delete account, and you no longer have this Kotfx trading account.
How can I report a problem with a trade-in Kot4x broker?
In the platform, they say in case of any problem with trading you should open a ticket and report your trading problem and they want you to add the Metatrader account number and the trade ID of the problem trade.
As I have concluded from the user experiences, the broker does not have stable communication with their customers because people are complaining about communication issues and late replies a lot.
Does Kotfx have customer services?
YES, Kot4x has a customer support system, that in fact can be reached through 3 methods:
- Homepage’s live chat that works 24/7
- Filling the form in the contact us tab
- Direct emailing to the customer support team
These are all great ways to get in touch with the support team yet a reply is still needed to answer the queries. And based on trades experience with Kotforex, there were no replies received to the questions sent to the customer support teams.
Does Kot4x supply any educational material?
There are no educational materials or topics provided by Kotfx to support new traders. This is considered a big flaw in Kotforex as educational materials help new traders and assist the present traders with new techniques and strategies and hence allowing more trading after their questions are answered.
And so, I think it would have been better if broker kot4x has provided any sort of educational blogs or topics in any form whether that written articles or educational videos and visuals.
Conclusion about Kot4x
The kings of transparency AKA Kot4x is not a regulated forex broker located offshore but an online forex and CFDs broker to all kinds of traders in the market.
The lack of regulation within kot4x is a great exclamation mark of the reliability of Kotfx where it’s neither certain nor clear whether the client’s funds are safe or not. And due to that, your funds can be used by Kotforex or you’d be at risk of having your funds impacted by any financial crisis.
Even though kot4x states they’re in the process of obtaining a regulation, that’s not enough to guarantee any security as that regulation isn’t obtained yet, so it has no grounds for being true.
Even though Kotforex is providing 4 types of accounts, the trading conditions aren’t competitive and are quite basic and higher than average while the customer support is below average in the way of providing service to the clients. There is only one trading platform which is MT4 and kot4x MT5 isn’t an option presented as a choice for trading platforms.
It’s not easy to recommend an unregulated forex broker without not much to prove to the clients. And so I’d recommend checking the top forex broker list for better and more trusted forex brokers. If you have any doubts or questio