Kot4x Review: Features, Pros, Cons, and More 2024!

Kot4x is a forex and CFD broker that provides online trading services globally. It is an offshore forex broker located in Seychelles. The broker offers a wide range of trading instruments including FX Pairs & Indices. Being an unregulated forex broker enables Kot4x to offer high leverage and unrestricted trading, which are often restricted in many regulated markets. However, the lack of regulation also exposes traders to potential risks. Despite this, many traders opt for Kot4x due to its competitive trading condition, high leverage, and lower minimum deposit. 

In this content, we will analyze and review Kot4x, exploring its features, pros, and cons. We will also answer the most common questions people ask about Kot4x. By reading this review, you will gain a better understanding of whether Kot4x is the right broker for your trading needs and preferences

What is Kot4x?

KOT4X started operations in 2019. The broker allows clients from anywhere to choose an account type, and gain access to trade 250 forex/CFDs on its MT4 platforms. Generally, its spreads and commissions are competitive. Multiple crypto deposits are accepted while the broker charges no extra fees.

Key Features:

• Trading Instruments: Currencies, Stocks, cryptos, indices  
• Trading Platforms: TradeLocker
• Minimum Deposit:  $25
• Maximum Leverage: 1:500
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 1.2 pips for the Var Pairs account, $7 per lot for the Pro Pairs account,$7 per lot Standard pairs account, and $1 for the mini account.
• Minimum Trade Size: 0.01 lot. 
• Funding Currencies: ETH, XRP, LTC, Doge, and USDT
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, News trading,  and EA Trading. 
• PAMM/ MAM:  Available 
• Stop Out Level (retail): 40%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  No investor protection is Available. 
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required  

Kot4x Pros and Cons

Pros:

• Got ASIC regulation in 2023  
• Allow forex, CFD, and Crypto CFD trading 
• Offers Forex and Crypto CFD Trading Facilities 
• Cryptocurrency Deposit and Withdrawal option 
• Offer Tradelocker Trading Platform (the next-generation trading platform powered by   TradingView) 
•  Allow Scalping, EA Trading, News Trading etc
•  Offer Funded Trader Programme with a profit split of 80:20 
•  Lower Minimum Deposit ($10 for Crypto Deposit, $25 to $50 For Debit, Credit Card 
•  Offer Traderlocker Trading Platform

Cons:

• No MetaTrader (MT4, MT5) Trading Platform Offered 
•  Limited Deposit and Withdrawal Option 
• Currently, Only Crypto Deposit and Withdrawals are available
• No Managed Account Facilities ( PAMM, MAM Accounts) 
• Inactivity Fees Applied to your account 
• Inactivity fee
• Islamic accounts are not available
• No analytics, training, or tools 

Our Ratings for Kot4x:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

Kot4x Ratings and Reviews from Trustpilot:

Kot4x has earned a rating of 1.5 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

Kot4x Ratings and Reviews from Forex Peace Army:

Kot4x has achieved an average rating of 1.2 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Is Kot4x a Legit Broker?

Kot4x is considered a good offshore forex broker and is registered in St. Vincent and the Grenadines. The broker offers a variety of trading instruments, including forex, CFDs, cryptocurrencies, stocks, metals, and indices. However, the broker is not regulated or authorized by any regulatory authority. Due to this lack of regulation and the absence of available financial information, we do not recommend trading with Kot4x.

Is Kot4x regulated?

No, Kot4x is not a regulated broker. It is an unregulated offshore forex broker which offers restriction-free trading facilities. 

Does Kot4x Offer CFD Trading?

Yes, Kot4x offers CFD trading. CFD is a form of derivative trading that allows traders to speculate on the price movements of various financial instruments such as stocks, commodities, indices, and currencies, without actually owning the underlying asset. Kot4x provides a variety of trading CFD instruments including FX Pairs & Indices.

Where is Kot4x Located?

Kot4x is located in St. Vincent and the Grenadines. St Vincent and the Grenadines is the home of many offshore forex brokers. 

Does Kot4x require KYC Verification?

Yes, Kot4x requires KYC (Know Your Customer) verification. This process involves verifying the identity of its clients to comply with brokers’ requirements and ensure the security of the trading environment. Typically, this includes providing identification documents such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement

Does Kot4x payout?

Yes, Kot4x does payout to its clients. Traders can withdraw their funds from Kot4x using cryptocurrencies only. Payouts are processed within 24 hours. Once processed, it can take 1-6 hours, or as soon as there are 3-6 confirmations on the blockchain before the funds will be available in your crypto wallet

Is Kot4x an ECN broker?

Yes, Kot4x is an ECN forex broker.

What is the minimum deposit for Kot4x?

The minimum deposit for Kot4x is $25. However, the required minimum deposit varies based on the account type. For example, the mini account requires a minimum deposit of $25, the VAR Pairs account also requires $250, and the Pro Pairs account requires $500.

Conclusion:

Kot4x is an offshore forex and CFD broker that offers online trading services to traders and investors worldwide. The broker provides a wide range of trading instruments, including a variety of trading instruments, including forex, CFDs, cryptocurrencies, stocks, metals, and indices.  The broker’s spreads start from as low as 0.0 pips. Kot4x offers high leverage (as high as 1:500 ) and a low minimum deposit (as low as $25). The restriction-free trading facilities, such as CFD trading, lower minimum deposit, and higher leverage, make Kot4x a good choice for many traders.

However, the broker is not regulated by any regulatory authorities. Therefore, do your research and ensure you are comfortable with this. We only recommend brokers regulated by the relevant financial authorities.