RCG Markets and Kot4x are online forex brokers that offer their trading services to traders and investors. RCG Markets is a regulated and trusted forex broker. It is regulated by FSCA . On the other hand, Kot4x is an offshore forex broker which is not regulated by any regulatory bodies. Both the brokers have their own strengths and weaknesses.
In this article, we will review and compare the brokerage services offered by RCG Markets and Kot4x. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.
RCG Markets vs KOT4X: In a Nutshell
RCG Markets
Established in 2018, RCG Markets is a South Africa-based forex and CFD broker that offers online trading services. While licensed by the South Africa Financial Sector Conduct Authority (FSCA: FSP49769), it lacks regulation from other major regulatory bodies. The broker offers a wide range of trading instruments including forex, indices, shares, commodities, and energies. The broker provides access to the MT4 platform with competitive spreads and commissions.
- Founded In: 2018
- Minimum Deposit: R100
- Maximum Leverage: 1:3000
- Regulations:SEC, FINRA, and FCA
- Trading platform: MT4, MT5
- Account Types: Classic, Raw, ECN, Royal100
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, AdvCash, BitPay, bitwallet, ecoPayz, ePayments, FasaPay, Help2Pay, Neteller, Payfinder, Skrill, SticPay, TransfterMate, TroniPay, UnionPay, Uphold
- US Traders: Not Accept
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
RCG Markets vs KOT4X: Side By Side Comparison
RCG Markets vs: Kot4x Features
RCG Markets
- Trading Instruments: A wide range of trading instruments including Forex, Indices, Shares, Commodities, and Energies.
- Maximum Leverage: The maximum leverage of RCG Markets is as high as 2000:1. However, leverage may vary based on tradable assets and account types
- Minimum Deposit: The minimum deposit of RCF markets is as low as R50
- Account Types: Four ( RCG Classic Account, RCG RAW, RCG ECN Account, ROYAL 100)
- Trading Fees: Spread starting from 1.5 pips for the RCG Classic Account and RCG Royal Account; commission of $7 for the RCG ECN Account. No commission and no spread for the RCG Raw Account
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
KOT4
- Trading Instruments: FX Major, FX Crosses, Cryptocurrencies, FX Exotics,Indices,Energies,Metals, Stocks, Futures
- Maximum leverage: 500:1
- Minimum Deposit: $25
- Account Types: Four (Standard, Pro, Var, and Mini pairs)
- Trading Fees: Spread starting from 1.2 pips or commission from $1 to $7
- PAMM/ MAM:Â Not Available
- Scalping: AllowedÂ
- News Trading: Allowed
- EA/ Robot Trading: Allowed
RCG Markets vs KOT4X: Pros and Cons
RCG Markets Pros & Cons
- Regulated by FSCA.
- Offers popular trading platform (MT4).
- The maximum leverage is as high as 2000:1.
- Allows EA trading, scalping, and News trading.
- Spreads starting from as low as 0 pips.
- Offers multiple account types.
- Provides ECN Executions.
- A wide range of trading instruments are offered including Forex, Indices, Shares, Commodities, and Energies.
- Lack of Regulatory Oversight (Only regulated by FSCA in South Africa).
- The demo account is only valid for 14 days.
- Limited Trading Platforms.
- Limited research and educational resources.
- No Social Trading Options.
KOT4X Pros & Cons
- 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)
- 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
RCG Marketss Vs KOT4X: Our Scores and Ratings
We rated both brokers, RCG Markets 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.
RCG Markets:
KOT4X
Final Verdict :
Both RCG Markets and Kot4x offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. RCG Markets is a regulated and trusted forex broker. On the other hand, Kot4x is an unregulated offshore forex broker. RCG Markets provides Multiple trading platforms including MT4, MT5, cTrader, Currenex. On the Contrary, Kot4x does not offer MT4/MT5. It uses only TradeLocker as its trading platform.
As RCG Markets is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, Kot4x can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for RCG Markets, while US traders looking for offshore forex brokers may consider Kot4x. Trading with offshore forex brokers is always risky
