BlackBull Markets vs KOT4X | Our Analysis & Comparison 2024

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Forex traders always look for trading with brokers that suit their trading needs and preferences. BlackBull Markets  and Kot4x are online forex brokers that offer their trading services to traders and investors. BlackBull Markets  is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions, and one tier-4 jurisdictions. On the other hand, Kot4x is an offshore forex broker which is not regulated by any regulatory bodies. 

In this article, we will review and compare the brokerage services offered by BlackBull Markets  and Kot4x. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.

BlackBull Markets vs KOT4X: In a Nutshell

BlackBull Markets

Founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman, BlackBull Markets is a forex and CFD broker that enables the trading of over 26,000 instruments, including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull Shares, and BlackBull Trade. Social trading is facilitated through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided.

Blackbull Markets Overview

Blackbull Markets  Overview
  • Founded In: 2014
  • Founder: Michael Walker and Selwyn Loekman
  • Trading Instruments: 26000+ trading instruments including Forex, Equities, Commodities (Energies, agriculture, and Metals), Futures, Indices
  • Minimum Deposit: between $0 and $20,000 ( $0 for Standard, $2000 for Prime, $20,000 for Institutional Accounts) 
  • Maximum Leverage: upto 1:500
  • Regulations: FMA ,FSA
  • Trading platform: MT4,MT5, Ctrader, Tradingview
  • Trading Tools: Trading Tools: VPS, Zulutrade, Myfxbook,  Calculators,
  • Trading Fees: starting from 0.8 pips spreads for Standard account, 0.1 pips spread+$4 per lot for Price account, Spreads 0.0 + $4 per lot for Institutional Account.  
  • Account Types: Standard, Prime, Institutional
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Cryptocurrency, FasaPay, Neteller, Skrill, UnionPay
  • US Traders: Not Accepted

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.

KOT4X Overview

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 

           

BlackBull Markets vs : Kot4x Features

BlackBull Markets

  • Trading Instruments: 26000+ trading instruments in 80 markets  including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
  • Maximum leverage: up to 1:500 
  • Minimum Deposit: $0 for standard, $2000 for Prime, $20,000 for Institutional account
  • Account Types: Offers 3 account types including ECN standard, ECN Prime, and ECN institutional. 
  • Fees: starting from 0.8 pips for a standard account, (0.1 pips + $6) per lot for an ECN Prime Account, and (0.0 Pips +$4) for an Institutional account.
  • PAMM/ MAM:  Yes, 
  • Zulutrade: Yes 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

BlackBull Markets vs KOT4X: Side By Side Comparison

BlackBull Markets
KOT4X
Product
Product
BlackBull Markets
KOT4X
Founded In
Founded In
2014
2019
Founded By
Founded By
Michael Walker and Selwyn Loekman
Not Found
Headquarters
Headquarters
Auckland, New Zealand
St. Vincent and the Grenadines
Regulations
Regulations
FMA , FSA
ASIC
Min Deposit
Min Deposit
None
$10
Max Leverage
Max Leverage
1:500
1:500
Tradable Assets
Tradable Assets
Forex ,Share, CFDs and Commodities
FX Majors , FX Crosses, Cryptocurrencies, FX Exotics, Indices, Energies, Metals, Stocks, Futures
Fees
Fees
Spread from 0.8 pips, commissions $6/round lot
Spread from 1.0 pips
Platforms and Tools
Platforms and Tools
MT4,MT5, Ctrader ,Tradingview
TradeLocker
US Traders
US Traders
Not Allowed
Allowed

BlackBull Markets vs KOT4X: Pros and Cons

BlackBull Markets Pros & Cons

Pros
  • Regulated by  FMA, FSPR, FSP, FSA-S
  • Founded in New Zealand and operating globally
  • Professional and Retail Trading options 
  • No Minimum Deposit Requirement ($0) 
  • The Maximum Leverage is as  high as 1:500
  • Allow Scalping, News Trading, EA/Robot Trading 
  • Offers Multiple Trading platforms including MT4, MT5, WebTrader, TradingView
  • Supports multiple third-party copy trading platforms, such as ZuluTrade, Duplitrade, and Myfxbook.
Cons
  • BlackBull lacks additional Tier-1 regulatory licenses outside of New Zealand.
  • $2,000 minimum deposit for Prime Account
  • The Ctrader platform is not offered 
  • Withdrawal fees 
  • Limited Research Tools 
  • Not very diverse range of tradable assets

KOT4X Pros & Cons

Pros
  • Regulated by multiple top tire regulators like  NFA,  FCA, ASIC, FSA, AMF, FMA, MAS, DFSA 
  • Allows scalping, EA/ Robot Trading, News Trading
  • Offers web trading, mobile trading and ECN Trading 
  • IG's acquisition of tastytrade for $1 billion brought options trading and listed-derivatives (such as futures) trading to clients in the United States
  • 16,000 trading instruments, investments in IPOs and exchange-traded funds;
  • Quality choice of trading platforms, including MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Relatively good spreads, from 0.6-1 pips depending on the type of instrument;
  •  Offers passive investment programme ( MAM, PAMM accounts)
Cons
  • Relatively high Minimum deposit ( Min Deposit $250) 
  • Conservative leverage in some areas  ( The max leverage is 1:200)
  • IG charges $/£12/€14 per month after 24 months of inactivity 
  • Limited product range on MT4
  • High Stock CFD fees 

BlackBull Markets Vs Kot4x: Our Scores and Ratings

We rated both brokers, BlackBull Markets and Kot4x, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

BlackBull Markets:

9
Just Markets Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)9.5
Trading Education (5%)8

Kot4x

3.5
Kot4x Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)6.5
Trading (15%)6
Trading tools (10%)1
Customer Support (10%)5
Trading Education (5%)1

Final Verdict :

Both BlackBull Markets  and Kot4x offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. BlackBull Markets  is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FMA, FSA -S, and FSPR. On the other hand, Kot4x is an unregulated offshore forex broker. BlackBull Markets  provides Multiple trading platforms including TradingView, cTrader, MetaTrader 5,MetaTrader 4, MetaTrader Web Trader,BlackBull CopyTrader,BlackBull Shares,BlackBull Trade. On the Contrary, Kot4x does not offer MT4/MT5. It uses only TradeLocker as its trading platform. 

As BlackBull Markets  is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, Kot4x can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for BlackBull Markets , while US traders looking for offshore forex brokers may consider Kot4x. Trading with offshore forex brokers is risky and not recommended.

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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