Thinkmarkets vs KOT4X Comparison in 2024

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ThinkMarkets vs KOT4X: In a Nutshell

ThinkMarkets

ThinkMarkets is an Australian forex and CFD broker founded in 2010. Today, it has offices in 10 locations and 10 licenses from different countries. On its MetaTrader and ThinkTrader platforms, clients can trade over 4,000 instruments. Real stock trading is available on the ThinkTrader app. Traders are supported with free VPS, Signal Centre, Dynamic leverage, Traders’ gym, etc.

Risk warning: 69.82% of retail investor accounts lose money

ThinkMarkets At a Glance

ThinkMarkets At a Glance
  • Founded In: 2010
  • Minimum Deposit: $0 (Standard Account), $500 (ThinkZero account).
  • Maximum Leverage: 1:500
  • Regulations: ASIC, CySEC, FMA, JFSA, FSA-S, FSCA , FCA , DFSA
  • Trading platform: MT5, ThinkTrader, ThinkCopy
  • Account Types: Demo ,Standard Account, Think Zero, Mini Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Cryptocurrency, Neteller, PayPal, PayRetailers, Skrill
  • US Clients : 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
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: TradeLocker
  • Account Types: 
  • Payment Options: Bitcoin, Instacoins.
  • US Traders: Accepted 

           

ThinkMarkets vs KOT4X: Pros and Cons

ThinkMarkets Pros & Cons

Pros
  • Regulated by ASIC, FCA, CySEC, JFSA, FSA-S, DFSA 
  • The minimum deposit is as low as $1 
  • The Maximum Leverage is as high as 2000:1 
  • Allows scalping, EA trading, Copy trading
  • Offers social trading options PAMM, MAM Accounts
  • Negative balance protections for EU, UK, and Australian clients
  • Tight Spreads Starting From 0 pips 
  • MT4, MT5, and Thinktrader trading platforms are offered 
Cons
  • Only Forex and CFDs are offered (not real assets).
  • There is no investment protection scheme for Global traders.
  • Ctrader and TradingView are not offered.
  • No bonuses or promotional offerings are available.
  • Conditions may vary according to regulation and entity.
  • Offshore Entity for international traders 

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 

ThinkMarkets vs KOT4X: Side-by-Side Comparison

ThinkMarkets
Kot4x
Product
Founded In
Founded In
2010
2019
Founded By
Founded By
Nauman and Faizan Anees
Not Found
Headquarters
Headquarters
London, England
St. Vincent and the Grenadines
Regulations
Regulations
FCA, CySEC, FSA, ASIC ,FSCA
None
Min Deposit
Min Deposit
None (Standard Account), $500 (ThinkZero account)
$10
Max Leverage
Max Leverage
500:1
1:500
Tradable Assets
Tradable Assets
Forex , Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks
Currencies, stocks, indices, and Cryptos
Fees
Fees
Spread from 0.4 pips (Standard Account) or Commission $3.5 per side
Spread from 1 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, ThinkTrader, ThinkCopy
TradeLocker
US Traders
US Traders
Not Allowed
Allowed

ThinkMarkets Vs KOT4X: Our Scores and Ratings

We rated both brokers, ThinkMarkets 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.

ThinkMarkets :

9.2
Total Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)8.4
Trading (15%)9
Trading tools (10%)8
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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