Kot4x and Azaforex are two popular offshore forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers accept U.S. clients and provide trading facilities with no FIFO rule, high leverage, low fees, and tight spreads without restrictions. Although these brokers offer similar services, each has its strengths and weaknesses.
In this article, we will compare and review Kot4x and Azaforex by exploring their trading conditions, instruments, minimum deposits, fees, features, and customer support. This comparison and research will help you determine which broker is better suited to your trading style and preferences.
Kot4x vs AZAforex: In a Nutshell
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
- Founded In: 2019
- Trading Instruments: Around 200 trading instruments, including 55 currencies, 104 stocks, 31 cryptocurrencies, and 8 indices
- Minimum Deposit: $10 for BTC deposit, $25 to $50 for Debit/Credit card via Instacoins.
- Maximum Leverage: 1:500
- Regulations: None
- Min Lot size: 0.01
- Max Lot Size: 500 lot per ticket
- Trading platform: TradeLocker
- Trading Styles: Allows all trading Styles including scalping, News Trading, CFD trading, EA trading,
- Account Types: Standard Pairs, Pro Pairs, Var Pairs, Mini Pairs
- Payment Options: Bitcoin, Instacoins.
- US Traders: Accepted
AZAforex
Founded in 2020, AZAforex is an online forex and CFD broker. It is an offshore forex broker that offers Cryptocurrencies, indices, and commodities trading services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of AZAforex is as high as 1:1000.
AZAforex at a Glance
- Founded Year: 2016
- Headquarters: Marshall Islands
- Minimum Deposit: No minimum Deposit (You may deposit as low as $1)
- Maximum Leverage: 1:1000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MobiusTrader 7
- Account Types: Standard, Pro and VIP Account
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options:Bitcoin, Ethereum, Bitcoin Cash BCH,Dashcoin DASH,Tether USD,USD Coin,Monero XMR,Ripple XRP
- US Traders: Accepted
Kot4x vs AZAforex: Side By Side Comparison
Kot4x vs AZAforex: Pros and Cons
Kot4x Pros & Cons
- 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
- 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
AZAforex Pros & Cons
- No Minimum Deposit – You may deposit as low as $1
- Allow Crypto CFD Trading
- Offers leverage as high as 1:1000
- Very tight spreads starting from 0.00001 pips
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- AZAforex Accepts Crypto Deposits
Cons:
- Unregulated Offshore Forex Broker
- Only Crypto Deposit and Withdrawal Option
- No Managed Account Options
- No MT4/MT5 offer ( Only Mobius Trader 7 (MT7) is offered)
Final Thoughts:
Kot4x and Azaforex are unregulated offshore forex and CFD brokers in the industry. They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01
However, there are a few areas where you may find some differences. For example, Kot4x does not support the MetaTrader (MT4/MT5) trading platform; instead, it uses the TradeLocker trading platform. On the other hand, Azaforex supports Mobius Trader 7 trading platforms. The minimum deposit for Kot4x is $25, whereas the minimum deposit for Azaforex is $1. Additionally, the maximum leverage for Kot4x is 500:1, while the maximum leverage for Azaforex is 1000:1.
Our score for Kot4x is 3.5, and for Azaforex, it is 3.6 .If you are looking for a high-leverage offshore broker with Mobius Trader 7 trading platform you may choose Azaforex. However, if you prefer not to use MT4/MT5, you may choose Kot4x.
