Does Kot4x Accept US Clients as of 2024? 

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Forex Traders always look for trading with suitable brokers. The United States has strict regulations in forex trading. As a result, the majority of online forex brokers do not accept US clients because they can not meet the regulatory requirements of the US authorities. High leverage and CFD trading are restricted in the USA. However, many forex traders still opt for trading CFDs with high leverage. That is why many traders settle for offshore forex brokers. 

Kot4x is an online forex broker. The broker got regulations from ASIC recently. Previously the broker accepted US clients.  In this article, we will explore whether Kot4x still accepts US clients, its Pros and cons, and why US traders choose brokers like Kot4x and more.

Does Kot4x Accept Clients? 

No, KO4X currently does not accept US clients. The broker recently got ASIC regulations. Therefore, they can not accept US clients. 

Why Do US Citizens Use Offshore Brokers?

Below are some of the reasons why a US trader will choose to trade with Kot4x:

CFD trading

Contracts for differences (CFDs) are financial contracts between a broker and a trader which allows the trader to take positions on the broker’s platform and speculate on the price direction of underlying financial assets without ownership. For example, with CFDs, a trader can make money by predicting the price direction of stock market shares of a company without owning the company shares.

Unfortunately, US traders are officially prohibited from trading CFDs by the regulators. However, Kot4x gives US traders opportunities to trade CFDs from stocks, indices, and commodities.

High leverage

Leverage is a tool that multiplies a trader’s market exposure in relation to his deposit. US traders are mandated to restrict forex leverage to 1:50 but Kot4x offers up to 1: 500. This means that with a deposit of $500; you can open positions worth $50,000.

With higher leverage, there is a higher chance of making more profits provided that the market moves in favor of your position.

Low trading capital

With Kot4x, US traders can start trading with $10 but US-regulated brokers demand a higher minimum deposit. Also, the trading fees and commissions are much lower with Kot4x than with the US-regulated brokers. Perhaps, because obtaining and maintaining a US forex broker license is very expensive.

Tax

The United States has stringent tax laws which are almost impossible to evade. Forex traders are required to pay taxes on their profits. Trading with unregulated brokers like Kot4x makes it easier to pay reduced taxes especially if BTC is used to fund and withdraw from the trading account.

Pros and Cons of Kot4x for US Traders 

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 

Which countries are restricted on Kot4x

As Kot4x is an unregulated offshore forex broker. It can onboard clients from anywhere in the world. Currently, the broker does not have any restricted county list on its website. so it accepts clients from all over the world. 

Frequently Asked Questions (FAQs)

What is Kot4x? 

Founded in 2019, Kot4x is an online forex and CFD broker. It is an offshore forex broker that offers Currencies, stocks, indices, and Cryptos services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading etc. The maximum leverage of Kot4x is as high as 1:500. 

Is Kot4x Regulated in the USA? 

No. Kot4x is not regulated in the USA. It is an unauthorized offshore forex broker.

Does Kot4x have an office in the USA

No, Kot4x does not have any office in the USA. As per their website, the broker is located in St Vincent and the Grenadines.

Can Americans use Kot4x?

No, American traders can not use Kot4x.

Final Thoughts :

Kot4x is a forex broker that offers online forex and CFD trading services. The broker gives access to trade with a wide range of trading instruments including Currencies, stocks, indices, and Cryptos. The broker allows almost all trading styles including scalping, hedging, copy trading, and news trading. 

Kot4x currently does not allow US clients to enjoy forex trading services on their own terms. All other trading conditions remain the same. For example,  if you like high leverage, Kot4x offers leverage up to 1:500. Traders are allowed to use any strategies including scalping, hedging, news trading and so on. Unlike US-regulated brokers, Kot4x offers CFD trading. However, the broker currently does not have Metatrader (MT4, MT5) trading platforms. It uses the TradeLocker trading platform. 

Disclaimer:Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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