CMC Markets vs KOT4X | Our Analysis & Comparison (2024)

Published :
Updated :
Written by

Forex traders always look for trading with brokers that suit their trading needs and preferences. CMC Markets  and Kot4x are online forex brokers that offer their trading services to traders and investors. CMC Markets  is a highly regulated and trusted forex broker. It is regulated in five tier-1 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 CMC 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.

CMC Markets vs KOT4X: In a Nutshell

CMC Markets

Founded in 1989, CMC Markets is a publicly traded broker (Ticker: CMCX). The broker is regulated in the UK, Australia, Canada, and Singapore. It offers over 9800 trading instruments, including Forex, Indices, Cryptocurrencies, Shares & ETFs, and Commodities. There is no minimum deposit requirement on IC Markets; you may deposit as low as $1. CMC Markets allows EA trading and news trading. The broker uses the most popular trading platform, MetaTrader (MT4), as its trading platform. To learn more, you can read our review about CMC Markets.

CMC Markets Overview
  • Founded In: 1989
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations: ASIC
  • Trading platform: MT4 , Share trading platforms
  • Account Types: SPREAD BETTING, Fx Active, CFD Trading
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
  • US Traders: Not Accept

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 

           

CMC Markets vs: Kot4x Features

CMC Markets

  • Trading Instruments: 12000+ trading instruments including forex, indices, Cryptocurrencies, Commodities, Shares, Share baskets, Treasuries, etc 
  • Maximum leverage:  Up to 30:1 ( FCA, ASIC), up to 1:50 (IIROC), and up to 500:1 for a professional account.
  • Minimum Deposit: No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement. 
  • Account Types: Three (Spread Betting Account, CFD Account, Corporate Account)
  • Trading Fees: only Spread is charged (Commission is only for Shares account). Variable spreads from 0.3 pips. A rollover commission is applied on open positions overnight. For the Shares account commission starts from $7. 
  • PAMM/ MAM:  Not Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

KOT4

  • Trading Instruments: FX Major, FX Crosses, Cryptocurrencies, FX Exotics,Indices,Energies,Metals, Stocks, Futures
  • Maximum leverage: 500:1
  • Minimum Deposit: $25
  • Account Types: Four (Standard, Pro, Var, and Mini pairs)
  • Trading Fees: Spread starting from 1.2 pips or commission from $1 to $7
  • PAMM/ MAM:  Not Available
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

CMC Markets vs KOT4X: Side By Side Comparison

CMC Markets
KOT4X
Product
Product
CMC Markets
KOT4X
Founded In
Founded In
1989
2019
Founded By
Founded By
Peter Andrew Cruddas, Baron Cruddas
Not Found
Headquarters
Headquarters
London, United Kingdom
St. Vincent and the Grenadines
Regulations
Regulations
FCA, ASIC, BaFin, IIROC, FMA, MAS
ASIC
Min Deposit
Min Deposit
None
$10
Max Leverage
Max Leverage
1:500
1:500
Tradable Assets
Tradable Assets
Forex Major, Forex Crosses, Forex Minor, Metals, Oil , CFD, Stock indices
FX Majors , FX Crosses, Cryptocurrencies, FX Exotics, Indices, Energies, Metals, Stocks, Futures
Fees
Fees
Spread starting from 0.3 pips or commission $10
Spread from 1.0 pips
Platforms and Tools
Platforms and Tools
MT4 , Share trading platforms
MT4, WebTraderTradeLocker
US Traders
US Traders
Not Allow
Allowed

CMC Markets vs KOT4X: Pros and Cons

CMC Markets Pros & Cons

Pros
  • Regulated by FCA, ASIC, IIROC, MAS, FMA
  • Founded in 1989, CMC Markets is publicly traded company
  • The minimum deposit is as low as $1 
  • Comparatively low spread starting from 0.7 pips
  • Allows news trading, EA/Robot trading
  • Extensive range of tradable assets 
  • Excellent education and research resources
Cons
  • Offered only MT4, no MT5, cTrader trading platforms 
  • Maximum leverage is only 1:300
  •  No passive investment programme or social trading platforms ( No PAMM, MAM accounts) 
  •  Does not accept US clients
  • Only CFD Trading 
  • High CFD spreads for certain Indices 
  • Spread betting only for UK residents

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 

CMC Markets Vs KOT4X: Our Scores and Ratings

We rated both brokers, CMC 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.

CMC Markets:

9.0
CMC Markets Score
Regulation and Security (40%)9.7
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)9.5
Trading Education (5%)9

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 CMC Markets  and Kot4x offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. CMC Markets  is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA, MAS, ASIC, IIROC, FMA. On the other hand, Kot4x is an unregulated offshore forex broker. CMC Markets  provides Multiple trading platforms including  Mt4, Web Trading, Mobile. On the Contrary, Kot4x does not offer MT4/MT5. It uses only TradeLocker as its trading platform. 

As CMC 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 CMC 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.

Disclosure:  At 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.

Leave a Comment