Go Markets vs KOT4X Comparison for 2024

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Go Markets vs KOT4X: In a Nutshell

Go Markets

Established in 2006, GO Markets is an experienced and regulated Australian broker. It gives traders access to trade more than 1,000 forex and CFDs on its MT4, MT5 and cTrader platforms. The broker’s GO Plus+ account comes with raw spreads and low commissions which is great for pro traders. Autochartist, Trading Central, free VPS, MetaTrader Genesis, market news and analysis are provided.

Risk warning: 60% of retail investor accounts lose money.

Go Markets Overview
  • Founded In: 2006
  • Minimum Deposit: $200
  • Maximum Leverage: 500:1
  • Regulations: FSC
  • Trading platform: MT4, MT5, Ctrader , Webtrader ,Mobile Trading Platforms
  • Account Types: Standard, Go Plus Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, FasaPay, Neteller, PayTrust88, Poli, Skrill, XPAY
  • 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
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: TradeLocker
  • Account Types: 
  • Payment Options: Bitcoin, Instacoins.
  • US Traders: Accepted 

           

Go Markets vs KOT4X: Pros and Cons

Go Markets Pros & Cons

Pros
  • Regulated by  ASIC, CySEC, FSC Mauritius, SVGFSA, FSA-S, DMCC 
  • The maximum leverage is as high as 1:500
  • Allows Scalping, News trading, and EA/Robot trading. 
  • Easy and Fast Account Opening 
  • Offers web trading, mobile trading, ECN trading 
  • No inactivity Fees 
  • Low trading fees on all account types.
  • Tight Spreads starting from 0.0 pips
Cons
  • Not regulated by FCA UK
  • The Minimum deposit is $200
  • No investor protection for non-EU clients
  • No Paypal, Crypto Deposit 
  • Only two types of account ( Standard, Go Plus account)

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 

Go Markets vs KOT4X: Side-by-Side Comparison

Go Markets
Kot4x
Product
Founded In
Founded In
2006
2019
Founded By
Founded By
Chris Gore
Not Found
Headquarters
Headquarters
Melbourne, Australia
St. Vincent and the Grenadines
Regulations
Regulations
ASIC, CySEC, FSA, FSC
None
Min Deposit
Min Deposit
$200
$10
Max Leverage
Max Leverage
500:1
1:500
Tradable Assets
Tradable Assets
Forex, Commodity, Share, Index, Metal, Cryptocurrency, Treasury, ETF CFDs Trading
Currencies, stocks, indices, and Cryptos
Fees
Fees
As low as 1.0 pips or A$3.00 commission per side on standard lot
Spread from 1 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, Ctrader , Webtrader ,Mobile Trading Platforms
TradeLocker
US Traders
US Traders
Not Allowed
Allowed

Go Markets Vs KOT4X: Our Scores and Ratings

We rated both brokers, Go 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.

Go Markets :

9
Total Score
Regulation and Security (40%)9.4
Fees and Commissions (20%)9.5
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)9
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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