Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Etoro and Kot4x are online brokers providing trading services worldwide. Etoro is known for its social trading and multi-asset platform, regulated in four tier-1 jurisdictions and one tier-4 jurisdiction including CySEC, FCA, Finra, FSA-S, and SIPC. On the other hand, Kot4x specializes in online forex and CFD trading. Kot4x is an offshore forex broker and is not regulated by any regulatory authorities. While these brokers offer similar services, they each have their own strengths and weaknesses.
In this article, I have compared Etoro and Kot4x in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis will help you determine which broker better suits your trading style and preferences.
Etoro vs KOT4X: In a Nutshell
eToro
For over 15 years, eToro has been championing the art of social trading among forex traders. It has built a huge community comprising over 30 million traders who interact with each other while investors automatically copy the trades of expert traders. Additionally, you can trade real stocks, ETFs, and cryptos with eToro.
Risk warning: 77% of retail CFD traders lose money.
Etoro Overview
- Founded In: 2007
- Founder: Yoni Assia, Ronen Assia
- Headquarters: UK
- Minimum Deposit: $50
- Maximum Leverage: 30:1 EU, 50:1 USA
- Regulations: SEC, FINRA, FCA, CySEC, FSA-S, SIPC
- Trading platform: eToro Trading Platforms
- Account Types: Standard, Professional, Corporate
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money
KOT4X
Established in 2019, KOT4X is a forex and CFD broker that offers online trading services globally. It is an unregulated offshore broker that provides access to over 250 trading instruments, including forex, stocks, cryptocurrencies, and indices. The broker offers leverage of up to 1:500.
KOT4X is known for its fast execution, tight spreads, and low commissions, which may appeal to scalpers and high-frequency traders. The broker supports multiple cryptocurrency deposits with no extra fees. Traders can open multiple positions, hedge trades, and use strategies such as news trading and expert advisors. However, KOT4X does not offer the MetaTrader platform (MT4/MT5). Instead, it uses TradeLocker as its trading platform.To learn more, you can read our review on KOT4X, where we cover its features, pros, cons, ratings, and more.
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
Etoro vs KOT4X: Pros and Cons
Etoro Pros & Cons
- Regulated in numerous jurisdictions including CySEC, FCA, ASIC, FinCEN, MSB, FSA Seychelles, FSC Gibraltar, and FSA Malta.
- Trading over 5,000 forex and CFD assets plus real stocks/ETFs and Cryptocurrencies.
- A large community of social traders
- Trading tools like market sentiments, news feed, Trading Central analysis, etc.
- Investors can copy the trades of expert traders or invest in ‘CopyPortfolios’
- Real Stocks and ETFs are Available
- Negative Balance Protection
- Traders pay withdrawal fees, inactivity fees, and conversion fees.
- You have no other platform choice than the eToro platform.
- You cannot automate your strategies via trading robots.
- No multiple account types; you can only have a retail account or a professional account.
- Margin trading is not available to U.S. users
- No limit orders for stocks.
- Not Available in American Samoa, Guam, Hawaii, Nevada, New York, Puerto Rico and US Virgin Islands
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
eToro vs KOT4X: Side-by-Side Comparison
eToro vs KOT4: Features
eToro
- Trading Instruments:Â Stocks, Indices, ETFs, Currencies, Commodities, Crypto
- Maximum leverage:Â 1:3000
- Minimum Deposit:Â $5
- Account Types:Â Personal (retail) account, professional account, corporate account, and Islamic accountÂ
- Trading Fees:Â Spread starting from 1 pipÂ
- PAMM/ MAM:Â Not available. A dedicated Copy trading Platform is availableÂ
- Scalping:Â Not AllowedÂ
- News Trading:Â Allowed
- EA/ Robot Trading:Â Not Allowed
Kot4x
- Trading Instruments: Forex, Metals, Oil, Indices, Commodities, Shares
- Trading Platforms: Mt4, Web Trading, Mobile
- Minimum Deposit: $5
- Maximum Leverage: 1:1000
- Trading Fees: Spreads starting from 1 pips. LMFX charges a fixed commission for every lot traded. A lot is equal to 100,000 units of currency. If you have a zero account, the commission is $4 per lot which means $8 for a round lot.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 50 Lots
- Funding Currencies: USD/EUR
- Trading Style Allowed: Almost all trading styles including Scalping, hedging, copy trading, and EA Trading.
- Stop Out Level (retail): 20%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: No
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes.
- KYC Verification: Required
eToro Vs KOT4X: Our Scores and Ratings
We rated both brokers, eToro 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.
eToro :
KOT4X:
Final Verdict :
Both eToro and Kot4x are online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. eToro is a multi-asset and social trading platform, providing over 5000+ trading instruments, including Forex, CFDs, real stocks, and cryptocurrencies. It offers both leverage and non-leverage tradable assets. On the other hand, Kot4x is a forex and CFD broker that offers a wide range of trading instruments, including FX Majors, FX Crosses,Cryptocurrencies, FX Exotics, Indices,Energies,Metals, Stocks, Futures. Both platforms accept US clients.CFD trading is not usually allowed in the USA. Since offshore forex brokers are not regulated by any regulatory authority authorities, they can accept clients from anywhere, including the USA.
Our score for eToro is 8.5, and for Kot4x, it is 3.5 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose eToro. However, if you prefer offshore or unregulated forex and CFD brokers, you may choose Kot4x. Trading with unregulated or offshore forex brokers is always risky and not recommended.
