Forex traders always look for trading with brokers that suit their trading needs and preferences. Eightcap and Kot4x are online forex brokers that offer their trading services to traders and investors. Eightcap is a highly regulated and trusted forex broker. It is regulated in three tier-1 jurisdictions and one tier-4 jurisdiction. 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 Eightcap 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.
Eightcap vs KOT4X: In a Nutshell
Eightcap
Founded in 2009, Eightcap is an Australian-based forex and CFD broker that offers online trading services worldwide. The broker is regulated by top-tier regulatory bodies, including ASIC, FCA, CySEC, SCB, and FSASVG. It allows the trading of over 800 instruments, including forex, shares, commodities, indices, and cryptocurrencies. Eightcap offers popular trading platforms and tools like MT4, MT5, TradingView, WebTrader, an AI-powered economic calendar, Capitalise.ai, and Flash Trader for smart trading. The broker also provides daily trade ideas, professional trading insights, and code-free automation. To learn more, you may read our review of Eightcap
Eightcap Overview
- Founded Year: 2009
- Founder: Joel Murphy
- Headquarters: The Rialto, South Tower, Level 35/525 Collins St, Melbourne VIC 3000, Australia
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Regulations: ASIC, FCA, CySEC, SCB, and FSASVG
- Trading platform: MT4, MT5, TradingView, Webtrader
- Account Types: Standard, Raw, Tradingview
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Neteller, PayPal, Poli, Skrill, UnionPay, XPAY
- US Clients: 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
- 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
Eightcap vs : KOT4X Features
Eightcap:
- Trading Instruments: 1000+ including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to 500:1 for SCB regulation, and 30:1 for ASIC, CySEC, and FCA Jurisdiction.
- Minimum Deposit: $100 or Equivalent
- Account Types: Three Types of Accounts including Raw Account, Standard Account, Trading View Account
- Fees: about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview account
- PAMM/ MAM: 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:Â Not Available
- Scalping: AllowedÂ
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Eightcap vs KOT4X: Pros and Cons
Eightcap Pros & Cons
- Regulated by ASIC, FCA, VFSA
- The Maximum Leverage is as high as 1:500
- Offers passive investment programme(MAM, PAMM accounts)
- No Deposit/Withdrawal Fees
- Easy To Open An Account
- Scalping and EA Trading are allowed
- 100+ Crypto CFDs available
- Minimum deposit is $100
- No Investor Protection for non-EU Clients
- The Broker is not regulated by FCA UK
- Conditions and trading costs vary according to the entity
- Hedging is not allowed with the ASIC entity
- No joint accounts, copy trading, referral program, or other options for passive income
KOT4X Pros & Cons
- 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)
- 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
Eightcap vs KOT4X: Side-by-Side Comparison
EightcapVs KOT4X: Our Scores and Ratings
We rated both brokers, Eightcap 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.
Eightcap :
KOT4X
Final Verdict :
Both Eightcap and Kot4x offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Nightcap is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including ASIC, FCA, CySEC, SCB. On the other hand, Kot4x is an unregulated offshore forex broker. Eightcap provides Multiple trading platforms including MT4, MT5, TradingView, and WebTrader.. On the Contrary, Kot4x does not offer MT4/MT5. It uses only TradeLocker as its trading platform.
As Eightcap 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 Eightcap, while US traders looking for offshore forex brokers may consider Kot4x. Trading with offshore forex brokers is risky and not recommended.
