Interactive Brokers vs KOT4X | Our In-Depth Analysis 2024

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Interactive Brokers vs KOT4X: In a Nutshell

Interactive Brokers

Founded in New York ,USA in1978 by Thomas Peterffy, Interactive broker has grown into a global brand with over 2.1 million clients. It has become one of the leading online trading solutions for trader, investors and advisors. The  brokers give access to over 5000+ tradable assets including forex, CFDs, warrants, ETFS Options, Futures, Mutual Funds, Bonds.To trade online, IBKR offers WebTrader, FIX API, MobileTrader (MobileApp), TWS trading platforms.

Interactive Brokers Overview
  • Founded In: 1978
  • Minimum Deposit: None
  • Maximum Leverage: 500:1
  • Regulations: SEC , CFTC ,FCA, FSCS, ASIC , IIROC , FSA
  • Trading platform: WebTrader, FIX API, MobileTrader
  • Account Types: Family Office Account ,UGMA/UTMA, IRA, Trust ,Joint, Individuals
  • Payment Options: Bank Wire (BankTransfer/SWIFT), ACH (Automated Clearing House), BPAY, Check, Direct Debit, Local Bank Deposits, Transfer from Existing Broker
  • 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 

           

Interactive Brokers vs KOT4X: Pros and Cons

Interactive Brokers Pros & Cons

Pros
  • IBK is a Forex and Stock Broker 
  • Excellent reputation (founded in 1978)
  • Regulated by top regulators like  ASIC, FCA, FSA, SFC, IIROC 
  • A wide range of products offered warrants, ETFs, Options, Futures, Mutual Funds, Bonds 
  • Over 18,000 no-transaction-fee mutual funds.
  • No monthly inactivity fee
  • Low trading fees and high interest (up to 4.58% for USD) on cash balances
  • Access to international markets and exchanges 
  • Mobile apps are convenient for individual investors.
Cons
  • Complicated account opening 
  • Learning Curve for Beginners
  • The maximum leverage is only 1:40 
  •  No Metatrader platforms (MT4, MT5) offered 
  • High minimum deposit requirements for some account types 
  • Interactive Advisors (Robo-advisor feature) is only available for US customers
  • No fixed spread is available 

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 

Interactive Brokers vs KOT4X: Side-by-Side Comparison

Interactive Broker
KOT4X
Product
Founded In
Founded In
1978
2019
Founded By
Founded By
Chairman Thomas Peterffy
Not Found
Headquarters
Headquarters
Greenwich, Connecticut, United States
St. Vincent and the Grenadines
Regulations
Regulations
SEC , CFTC ,FCA, FSCS, ASIC , IIROC , FSA
ASIC
Min Deposit
Min Deposit
None
$10
Max Leverage
Max Leverage
40:1
1:500
Tradable Assets
Tradable Assets
Stocks, options, futures, futures options, SSFs, ETFs, EFPs, currencies, fixed income, warrants and funds
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
WebTrader, FIX API, MobileTrader
TradeLocker
US Traders
US Traders
Allowed
Allowed

Interactive Brokers Vs KOT4X: Our Scores and Ratings

We rated both brokers, Interactive Brokers 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.

Interactive Brokers :

9.1
Interactive Brokers Score
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)9.5
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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