Hugosway vs Kot4x for 2024

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Forex traders always look for a better broker with excellent services to suit their strategies and trading preferences. Numerous forex and CFD brokers provide their services to clients worldwide. Some traders even settle for trading with offshore forex brokers for a restriction-free trading experience.  With over a thousand online forex brokers to choose from, making the right choice is becoming a difficult task. 

In this article, we will compare and review services offered by Hugosway and KOT4X. Usually, they offer similar services. However, we will compare regulations, fees, leverage, minimum deposit, and more so that a trader will be able to make a choice based on the services he finds most appealing

Hugosway vs KOT4X: In a Nutshell

Hugosway

Founded in 2017, Hugosway has been attracting traders from all over the world with its focus on ECN pricing and trading. Only commissions are charged on trades and no spread mark-ups. Low minimum deposit, high leverage, and 24/7 support are some of the strengths of Hugosway.

Hugosway Overview

Hugosway Overview
  • Founded In: 2017
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: MT4 
  • Account Types: Live account, Demo Account
  • Payment Options: BTC, Credit/debit cards, Bank transfer,
  • US Traders: Accepted   
89% CFD Trader Lose Money

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 

           

Hugosway vs KOT4X: Side By Side Comparison

Hugosway
Kot4x
Product
Founded In
Founded In
2018
2019
Founded By
Founded By
Not Found
Not Found
Headquarters
Headquarters
St. Vincent and the Grenadines
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
Over 1200 forex, CFDs in stocks, indices, commodities, ETFs and Cryptos
Currencies, stocks, indices, and Cryptos
Fees
Fees
Spread from
Spread from 1 pips
Platforms and Tools
Platforms and Tools
MT4
TradeLocker
US Traders
US Traders
Allowed
Allowed

Hugosway vs KOT4X: Pros and Cons

Hugosway Pros & Cons

Pros
  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • Hugosway Accepts Crypto Deposits
Cons
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

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 

Final Thoughts:

Hugosway and KOT4X are global brokers that offer forex and CFD trading services over the Internet. Hugosway is an unregulated offshore forex broker, on the other hand, KOT4X has recently taken ASIC Regulation. 

Both brokers offer crypto CFD, similar deposit and withdrawal methods, the same leverage (500:1), same minimum deposit ($10). 

So if you prefer a recently regulated forex broker or want to use a funded trading programme, you may go with KOT4X. However, if you prefer flexible trading without considering regulation, you go with Hugosway. Hugosway offers a tight spread and faster execution. 

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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