KOT4X is a popular online forex broker known for its user-friendly interface and competitive trading conditions. Many traders are drawn to KOT4X for its efficient and reliable services. On the other hand, MetaTrader 4 (MT4) is a widely used platform in the forex industry, known for its advanced charting tools and automated trading capabilities.
However, Does KOT4X Support MT4? The answer is “NO”, KOT4X does not currently support MT4. Instead, it uses the Tradelocker trading platform, which offers a range of features tailored to the needs of KOT4X traders. In this blog post, we will explore the trading platform used by KOT4X, explore alternative options available to traders, and discuss the implications of this choice on the trading experience.
So let’s Get Started……..
Does KOT4X Work With MT4?
No, KOT4X does not support MetaTrader 4 (MT4). The platform has chosen to implement the Tradelocker trading platform instead. Tradelocker represents the next generation of day trading platforms, strategically designed to meet the demands of bold traders and savvy brokers
KOT4X Overview
- Founded In: 2019
- Trading Instruments: Around 200 trading instruments, including 55 currencies, 104 stocks, 31 cryptocurrencies, and 8 indices
- Minimum Deposit: $10 for BTC deposit, $25 to $50 for Debit/Credit card via Instacoins.
- Maximum Leverage: 1:500
- Regulations: None
- Min Lot size: 0.01
- Max Lot Size: 500 lot per ticket
- Trading platform: TradeLocker
- Trading Styles: Allows all trading Styles including scalping, News Trading, CFD trading, EA trading,
- Account Types: Standard Pairs, Pro Pairs, Var Pairs, Mini Pairs
- Payment Options: Bitcoin, Instacoins.
- US Traders: Accepted
What Trading Platforms Does KOT4X Use?
KOT4x currently uses the Traderlocker Trading Platform. TradeLocker is a next-generation trading platform that offers advanced charting facilities
Alternatives of KOT4X
KOT4X is a popular offshore broker. However, there are other brokers that can serve as alternatives to KOT4X. Some of the alternative brokers even offer MT4 Trading Platforms. For example, Plexytrade offers both MT4 and MT4 Trading Platforms. These alternative brokers include
- Founded In: 2024
- Minimum Deposit: $50
- Maximum Leverage: 1:2000
- Regulations: None
- Trading Platforms: MT4, MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2015
- Minimum Deposit: $5
- Maximum Leverage: 1:1000
- Regulations: None ( Offshore Forex Broker)
- Trading Platforms : MT4, WebTrader, Mobile Trader
- Trading Instruments: Forex, Indices, Commodities, Metals, Energy, Shares
- Founded Year: 2020
- Location: Seychelles
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading Platforms: MT4
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2020
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (offshore forex broker)
- Trading Platforms: MT4
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2019
- Minimum Deposit: $20
- Maximum Leverage: 1:500
- Regulations: None
- Trading Platforms : MT4, MT4 Webtrader, MT5 Mobile trader
- Trading Instruments: forex, cryptos, commodities, indices and stocks CFDs
- US Clients: Currently not accepted
Frequently Asked Questions (FAQs)
What is KOT4X?
Founded in 2019, KOT4X is an unregulated online forex and CFD broker. It is an offshore broker that accepts clients from all over the world. The broker offers a wide range of trading instruments, including forex, CFDs, crypto CFDs, and more. KOT4X is reputed for its lower commissions and competitive spreads. To learn more about KOT4X’s features, pros, and cons, you can read our review of KOT4X.
What is the MT4 Trading Platform?
MetaTrader 4, or MT4, is a popular electronic trading platform used by online retail forex traders. Developed by MetaQuotes Software and launched in 2005, it’s widely licensed to forex brokers for their clients’ use. You can use more than 2000+ indicators on the MT4 Trading platform
What are the alternatives to MT4 Trading Platforms?
MT4 is the most popular trading platform in the forex trading world. However,there are several trading platforms that serves as alternatives to MT4. They include.
- MT5 (MetaTrader5): Released in 2010, MT5 is the successor of MT4. Metatrader 5 offers more timeframe, more control, and advanced technology.
- Ctrader: Known for its user-friendly interface and advanced charting tools.
- Tradingview: A web-based platform appreciated for its social trading features and customizable charts.
- Etoro Platforms: Etoro offers a range of trading platforms, known for its social trading network.
Final Verdict :
KOT4x does not offer MetaTrader 5 as their trading platform. They offer Tradelocker as their trading platform.
Tradelocker, powered by Tradingview provides a range of features and tools for executing trades, managing positions, and analyzing markets. Although it may differ from the familiar MT4 interface, Tradelocker is designed to offer a user-friendly and efficient trading experience for KOT4X clients.
Trading forex and CFDs comes with the risk of losing your trading capital. Furthermore, trading with unregulated brokers like KOT4X puts your funds at higher risks
