Forex .com vs KOT4X Comparison for 2024

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Forex .com vs KOT4X: In a Nutshell

Forex .com

Founded in 2001 , Forex.com is a leading online forex and CFD broker that provides access to a wide range of trading instruments. It is a well established and regulated forex broker that offers MT4, MT5, and Tradingview platforms for US residents and and traders fom other countries. , Forex.com is known for its competitive pricing, advanced trading technology, and comprehensive research and analysis tools. It offers over 80 currency pairs, stocks, ETFs, gold, and silver for your personal investment and trading options.Gain capital operates this trading platform. 

Forex.com Overview
  • Founded In: 2001
  • Minimum Deposit: $50
  • Maximum Leverage: 50:1
  • Regulations:CySEC, FCA , KNF , IFSC
  • Trading platform:Mobile App, Web Trader, Meta Trader 5
  • Account Types: 
  • Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, ACH Payments (echeck)
  • US Traders: 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
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: TradeLocker
  • Account Types: 
  • Payment Options: Bitcoin, Instacoins.
  • US Traders: Accepted 

           

Forex .com vs KOT4X: Pros and Cons

Forex .com Pros & Cons

Pros
  • Regulated by NFA, FCA, ASIC, CySEC,  IIROC, FSA, CIMA, MAS, 
  • Top-rated forex and CFD broker in the USA 
  • Free demo account for prospective traders
  • Crypto Trading available on MT5 Trading Platforms 
  • Offers protection for U.K./E.U. client accounts
  • VPS hosting for automated strategies
  • Offers MAM account for passive investors 
  • Low forex fees, no FX commissions
Cons
  •  You can not deposit less than $100
  •  Maximum leverage is 1:50
  • No account protection for U.S. clients
  • An inactivity fee applied after 12 months of no account activity
  • Non-user-friendly desktop platform
  • Cannot buy and sell other securities (like stocks and bonds)
  •  

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 

Forex.com vs KOT4X: Side-by-Side Comparison

Forex.com
KOT4x
Product
Founded In
Founded In
2001
2019
Founded By
Founded By
GAIN Capita
Not Found
Headquarters
Headquarters
New Jersey,United States
St. Vincent and the Grenadines
Regulations
Regulations
NFA , CFTC
ASIC
Min Deposit
Min Deposit
$100
$10
Max Leverage
Max Leverage
50:1
1:500
Tradable Assets
Tradable Assets
Forex, Indices, Stocks , Cryptocurrency, Commodities , Gold and Silver
FX Majors , FX Crosses, Cryptocurrencies, FX Exotics, Indices, Energies, Metals, Stocks, Futures
Fees
Fees
Spread from
Spread from 1.0 pips
Platforms and Tools
Platforms and Tools
Mobile App, Web Trader, Meta Trader 5
TradeLocker
US Traders
US Traders
Allowed
Allowed

Forex.com Vs KOT4X: Our Scores and Ratings

We rated both brokers, Forex.com 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.

Forex.com :

9
Forex.com Scores
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)8
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 :

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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