Hankotrade vs Kot4x for 2024

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Hankotrade vs Kot4x : In a Nutshell

Hankotrade

What makes Hankotrade stand out among unregulated brokers is its ECN Plus account with low commissions and trading on the MetaTrader platforms; MT4 and MT5. There are no restrictions on strategies and no deposit and withdrawal fees. Traders are rewarded with bonuses.

Hankotrade Overview
  • Founded In: 2018
  • Broker Type: ECN/STP
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: MT4 ,MT5,Webtrader
  • Account Types: 4 Types of Accounts ( STP, ECN, ECN Plus, Islamic)
  • Payment Options: Bitcoin cash. Reimbursed
  • 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 

           

Hankotrade vs KOT4X: Side By Side Comparison

Hankotrade
Kot4x
Product
Founded In
Founded In
2020
2019
Founded By
Founded By
Not Found
Not Found
Headquarters
Headquarters
Dubai, UAE
St. Vincent and the Grenadines
Regulations
Regulations
None
None
Min Deposit
Min Deposit
$10
$10
Max Leverage
Max Leverage
1:500
1:500
Tradable Assets
Tradable Assets
Cryptocurrencies, indices and commodities.
Currencies, stocks, indices, and Cryptos
Fees
Fees
Spread from 0.7 pips
Spread from 1 pips
Platforms and Tools
Platforms and Tools
MT4 ,MT5,Webtrader
TradeLocker
US Traders
US Traders
Allowed
Allowed

Hankotrade vs KOT4X: Pros and Cons

Hankotrade Pros & Cons

Pros
  • Maximum Leverage is as high as 1:500
  • Faster Trade Execution with ECN/STP Model
  • Low Minimum Deposit ($10)  
  • Tight spreads starting from just 0.0 pips
  • Multiple account types including Islamic, STP, ECN, and ECN Plus accounts.
  • PAMM/MAM accounts are available for interested investors and fund managers.
  • Tools like the Economic Calendar, trading calculators, and VPS are provided.
  • Demo accounts are available for testing trading strategies. 
  • Overall Very Low Trading Fees 
  • Crypto Deposits and Withdrawals available
  • Due to the absence of regulatory restrictions, the broker is open to clients worldwide
  • Allows Scalping, News trading, EA Trading, and FIFO Trading. 
Cons
  • The Broker is not regulated 
  • Only crypto deposits and withdrawals are available 
  • Lack of Educational Resources 
  • No Investor Protection Scheme 
  • No Telephone Service Line 
  • Limited Educational Resources 
  •  NO Ctrader trading platforms 

KOT4x Pros & Cons

Pros
  • Got ASIC regulation in 2023  
  • Allow forex, CFD, and Crypto CFD trading 
  • Offers Forex and Crypto CFD Trading Facilities 
  • Cryptocurrency Deposit and Withdrawal option 
  • Offer Tradelocker Trading Platform (the next-generation trading platform powered by   TradingView) 
  •  Allow Scalping, EA Trading, News Trading etc
  •  Offer Funded Trader Programme with a profit split of 80:20 
  •  Lower Minimum Deposit ($10 for Crypto Deposit, $25 to $50 For Debit, Credit Card 
  •  Offer Traderlocker Trading Platform
Cons
  •  No MetaTrader (MT4, MT5) Trading Platform Offered 
  •  Limited Deposit and Withdrawal Option 
  • Currently, Only Crypto Deposit and Withdrawals are available
  •  No Managed Account Facilities ( PAMM, MAM Accounts) 
  • Inactivity Fees Applied to your account 
  • Inactivity fee
  • Islamic accounts are not available
  • No analytics, training, or tools 

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.

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