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KOT4X Review 2024

Welcome to my Kot4x review. In this article, you will learn everything about the 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, regarding; regulation, minimum deposit, withdrawal, all account types, leverage and spreads then I’ll share some useful opportunities to begin trading with Kot4x broker, such as how to download Kot4x TradeLocker, Kot4x funded account, and Kot4x demo. We’ll also discuss Kot4x’s shift from MT4 to TradeLocker and why they made this decision.

In addition to that, we’ll look at Kot4x deposit fees along with minimum and maximum deposit amounts. We’ll also check 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, 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 how to delete your kot4x account.

My Kot4x Overview

1.6
EXPERT SCORE
I reviewed KOT4X based on the following criteria.
Poor
COMMISSIONS AND FEES
12%
TRUST
1%
TRADABLE INSTRUMENTSS
20%
PLATFORMS & TOOLS
30%
CUSTOMER SERVICE
20%
PROS
CONS

Is Kot4x Regulated?

When I first wrote this review, Kot4x didn’t have a valid license nor was it regulated by a reputable authority. However, Kot4x has come a long way and obtained its ASIC license. Now, the ASIC license is important for several reasons.

The capital requirement for an ASIC license varies based on the financial service provided. For forex brokers to obtain an ASIC license, the minimum capital requirement is approximately AUD 1 million, which is equal to 660,700.00 United States Dollars.

kot4x asic regulation

ASIC demands several customer protection rules. This includes maintaining client funds in segregated bank accounts. This means that in the event of the firm’s insolvency, client funds will be protected and returned to the owners. ASIC also requires several compensatory arrangements from the licensed brokers. Even though ASIC is not as reliable and protective as FCA or CySEC, it is still a good license.

Fca regulated forex brokers

What are the Account Types and Spreads of Kot4x?

Kot4x offers its customers the opportunity to use the TradeLocker 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 Account(swap-free account), 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 commissions, the STANDARD and 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.

  1. 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.
  2. 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.
  3. 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.
  4. 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  STANDARDPRO, and VAR accounts are FX, indices, commodities, metals, stocks, and cryptos but for available tools of MINI, accounts are only FX.

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.

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 recently got it’s ASIC license. In my opinion, it’s always better to choose forex brokers that are regulated by trusted authorities, such as CySEC and FCA. Regulation demands standards, and the first requirement of a regulated broker is the security and safety of client funds. Kot4x has come a long way since I wrote this article in terms of becoming a reliable hub for traders.

Kot4x is a forex broker based in Saint Vincent and the Grenadines and recebtly got its ASIC license. 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. 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.

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 FCA regulated broker.

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 Markets

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

How to Deposit 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.

Kot4x Deposit

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.)

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

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.

  1. Admission Fee: Traders pay an admission fee to enter the Kot4x funded account challenge.
  2. 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 is Kot4x Customer Service?

  • Homepage’s live chat that works 24/7
  • Filling the form in the contact us tab
  • Direct emailing to the customer support team

If you want, you can send an email to the broker’s support team at support@kotfx.com  and if you want to follow them on social media to keep up with any updates or newsletters, you can follow their Instagram here.

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

The kings of transparency, also known as Kot4x, were recently regulated by ASIC. They are a forex broker located offshore, offering online forex and CFDs services to traders of all kinds in the market.

I wrote this review when Kot4x first entered the forex market. At that time, I didn’t really trust the broker and thought of them as one of the scam forex brokers that would lure people into a trap and then disappear with their money. However, I now admire what they have achieved since then. Instead of following that path, they fought to rightfully become a hub for traders and obtained an ASIC license. Therefore, I believe that Kot4x is a broker that is willing to improve, but they still have work to do to fully earn my trust.

Despite offering four types of accounts, Kot4x’s trading conditions are not competitive; they are quite basic and above average. Additionally, customer support is below average in terms of service provided to clients. Furthermore, there is only one trading platform available, which is TradeLocker.

By the time I was writing this article, Kot4x was an unregulated broker. I don’t recommend any one to trade with a broker with low regulatory profile. And so I’d recommend checking the top forex brokers list for better and more trusted forex brokers. If you have any doubts or questions please don’t hesitate to comment.

Kot4x FAQs

Is Kot4x regulated?

Yes, Kot4x is regulated by the Australian Securities and Investments Commission (ASIC). KOT4X Pty Ltd, a member company of the KOT4X Group, holds AFSL number 001306672.

What are the account types and spreads of Kot4x?

Kot4x offers its customers the opportunity to use the TradeLocker platform in 4 types of accounts: Standard, Pro, VAR, and MINI, and its trading model is ECN STP.

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

Which platforms can I use in Kot4x?

TradeLocker is a trading platform offered by Kot4x. It provides access to real-time market data, advanced charting tools, and various order types. The platform is user-friendly and suitable for traders of all levels.

Does Kot4x offer a demo account?

You can create a demo account at the broker and try out your strategies. You can try yourself in a demo account with unlimited funds and leverage of 1:500. 

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kot4x
Rating: 1.6