Skilling vs Kot4x Compared in 2024

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Skilling vs Kot4x: In a Nutshell

Skilling

Established in 2016 by Scandinavian entrepreneurs, Lennart Clausen, André Lavold, Henrik Ekdahl, and Mikael Harstad, Skilling is a regulated and innovative forex broker. It offers traders access to more than 900 forex and CFDs on its Skilling Trader, cTrader, and MT4 platforms. The broker’s Premium account features competitive spreads and low commissions, ideal for advanced traders. Skilling.com provides forex pairs, CFDs, commodities, shares, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for your personal investment and trading options. Additionally, Skilling provides tools like TradingView, an economic calendar, market news, and detailed analysis to enhance trading decisions.

Skilling Overview
  • Founded In: 2016
  • Minimum Deposit: 
  • Maximum Leverage: Up to 1:1000 for non-EU retail traders,1:30 for EU retail traders.  1:200 for professional traders
  • Regulations:CySEC, FSA, and FCA (recently deregistered from FCA)
  • Trading platform: MT4, MT5, cTrader, Skilling Trader, and Skilling Copy
  • Account Types:  Offers 3 account types: Standard, Premium, MT4
  • Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, CoinsPaid, Directa24, FasaPay, Klarna, Neteller, Ngan Luong, Pagsmile, PayPal, PayRetailers, PayTrust88, Skrill, Swish, Trustly, UnionPay, WebMoney
  • US Traders: Not 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
  • 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 

           

Skilling vs Kot4x: Pros and Cons

Skilling

Pros
  • Regulated by CySEC,  FSA, and FCA.
  • The Maximum leverage is as high as 1:1000 for global entities, 1:30 for EU traders, and 1:200
  • Fully Digital Account Opening ( Easy Sign and Verification Process)
  • Demo Accounts are Available
  • Low Trading fees starting from 0.8 pips for standard accounts, and 0.10 pips for premium accounts
  • Offers both leverage and non-leverage cryptos of trading
  • Educational resources with a new 'Trading Study Hub' for beginner investors to learn more about investing
  • Offers a variety of trading platforms and tools including MT4, Ctrader, Skilling Social Copy Trading, and Skilling own trading platform
  • Straightforward fees, no hidden charge
  • No deposit and withdrawal fees
Cons
  • Higher minimum deposit of $100 for Standard accounts, and $5000 for Premium accounts in the EU
  • Degegistered  from FCA regulations 
  • Service is not available in many countries including Canada and the US
  • 1:2 leverage for cryptocurrencies
  • Only Forex and CFDs are offered

Kot4x

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 

Skilling vs Kot4x: Side-by-Side Comparison

Skilling
Kot4x
Product
Founded In
Founded In
2016
2019
Founded By
Founded By
Scandinavian Entrepreneurs
Not Found
Headquarters
Headquarters
Mahe, Seychelles
St. Vincent and the Grenadines
Regulations
Regulations
CySEC, FSA, and FCA.
None
Min Deposit
Min Deposit
$25 for the Non-EU standard account, $100 for the EU standard account, and $5000 for the premium account.
$10
Max Leverage
Max Leverage
up to 1:1000 for non-EU retail traders,1:30 for EU retail traders. 1:200 for professional traders
1:500
Tradable Assets
Tradable Assets
800+ forex, CFDs, commodities, shares, indices, and cryptocurrencies
Currencies, stocks, indices, and Cryptos
Fees
Fees
starting from 0.8 pips for a standard account,
Spread from 1 pips
Platforms and Tools
Platforms and Tools
MT4, Ctrader, Skilling Social Copy Trading, and Skilling own trading platform
TradeLocker
US Traders
US Traders
Not Allowed
Allowed

Skilling Vs Kot4x: Our Scores and Ratings

We rated both brokers, Skilling 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.

Skilling :

8.8
Skilling Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)8
Trading Education (5%)7

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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