Forex traders always look for trading with brokers that suit their trading needs and preferences. Exness and Kot4x are online forex brokers that offer their trading services to traders and investors. Exness is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions, one tier-2 jurisdictions, and four 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 Exness 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.
Exness vs KOT4X: In a Nutshell
Exness
Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3 pips. The broker is regulated by FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, and FSA in Seychelles. However, Exness does not have ASIC regulation. To learn more, you can read our review on Exness.
Exness Overview
- Founded In: 2008
- Founder: Petr Valov, Igor Lychagov
- Headquarters: Limassol, Cyprus
- Trading Instruments: 200+ Trading Instruments including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs
- Minimum Deposit: as low as $1 for standard accounts, $200 for Pro, Raw Spread, and Zero accounts.
- Maximum Leverage: 1:Unlimited (condition apply) or 1:2000 for FCS, CFCS, 1:30 for ASIC, CySEC jurisdiction, 1:400 for CMA Jurisdiction
- Regulations: FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles
- Trading platform: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App, Exness Terminal
- Account Types: Standard, Pro, Raw Spread, Zero
- Payment Options: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether (USDT), WebMoney
- Funding Currencies : AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR,
- 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
- 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
Exness vs : KOT4X Features
Exness:
- Trading Instruments: 200+ trading instruments including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to Unlimited :1
- Minimum Deposit: $1
- Account Types: Exness offers 5 different types of accounts including Standard, Standard Cent account, Pro, Raw Spread, Zero accounts
- Fees: starting from 0.2 pips for a standard account, 0.3 pips for a standard cent account, 0.1pip for a pro account, up to 3.50 per Lot per one side for a raw spread account, 0.05/lot per side for a zero account,
- 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:Â Not Available
- Scalping: AllowedÂ
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Exness vs KOT4X: Pros and Cons
Exness Pros & Cons
- Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on.
- The maximum leverage is as high as 1:unlimited or 1:2000
- The minimum deposit is as low as $1 or depends on payment methods
- Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
- Competitive spreads starting from 0.2 pips on standard accounts
- Swap-Free/Islamic Account Provided
- Scalping, EA Trading, and Copy Trading are allowed
- Instant Withdrawal of Money 24/7
- No Passive investment programme ( PAMM, MAM Accounts)
- No Ctrader, Tradingview, zulutrade offered
- US Traders are not accepted
- Only MT4 and MT5 Trading Platforms
- Limited educational resources
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
Exness vs KOT4X: Side-by-Side Comparison
Exness Vs KOT4X: Our Scores and Ratings
We rated both brokers, Exness 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.
Exness :
KOT4X
Final Verdict :
Both Exness and Kot4x offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Exness is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FSA-S , CBCS , FSC Mauritius, FSCA , CySEC , FCA ,BVI FSC. On the other hand, Kot4x is an unregulated offshore forex broker. Exness provides Multiple trading platforms including MT4, MT5. On the Contrary, Kot4x does not offer MT4/MT5. It uses only TradeLocker as its trading platform.
As Exness 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 Exness, while US traders looking for offshore forex brokers may consider Kot4x. Trading with offshore forex brokers is risky and not recommended.
