Kot4x and Midasfx 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 Midasfx 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 MidasFX: In a Nutshell
Kot4x
Founded in 2019, KOT4X is a forex and CFD broker that offers online trading services to traders and investors worldwide. 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
MidasFX
Founded in 2020, MidasFX is an online forex and CFD broker. It is an offshore forex broker that offers 100+ trading instruments including forex, metals, energies, stock indices, and cryptocurrencies to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of MidasFX is as high as 1:1000.Â
MidasFx Overview
- Founded In: 2020
- Headquarters: Saint Vincent and the Grenadines
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None
- Trading platform:MT4, MT5
- Account Types: Raw spread (ECN) and spread-only (STD) accounts on both MT4 and MT5.
- Payment Options: Steller, Instacoins, Ethereum, Litecoin, Bitcoin
- US Traders: Accepted
Kot4x vs MidasFX: Side By Side Comparison
Kot4x vs MidasFX: 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
MidasFX Pros & Cons
- No Minimum Deposit- You may deposit as low as $1
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients. Maximum leverage is as high as 1:1000
- Allow Scalping, EA Trading, and News Trading
- MidasFX Accepts Crypto Deposits
- Unregulated offshore forex broker
- Limited Deposit and Withdrawal Option
- No Managed Account Options
Final Thoughts:
Kot4x and MidasFX 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, MidasFX supports the MetaTrader (MT4/MT5) trading platforms. The minimum deposit for Kot4x is $25, whereas the minimum deposit for MidasFX is $1. Additionally, the maximum leverage for Kot4x is 500:1, while the maximum leverage for MidasFX is 1000:1.
Our score for Kot4x is 3.5, and for MidasFX, it is 4.4. If you are looking for a high-leverage offshore broker with an MT4 trading platform you may choose MidasFX. However, if you prefer not to use MT4/MT5, you may choose KOT4X.Â
