Forex traders always look for trading with brokers that suit their trading needs and preferences. Tickmill and Kot4x are online forex brokers that offer their trading services to traders and investors. Tickmill is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions, one tier-2 jurisdiction, one tier-3 jurisdiction and one tier-4 jurisdiction. On the other hand, Kot4x is an offshore forex broker which is not regulated by any regulatory bodies.
In this article, we will review and compare the brokerage services offered by Tickmill 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.
Tickmill vs KOT4X: In a Nutshell
Tickmill
Co-founded by Ingmar Mattus, Illimar Mattus, and Nikolai Nikolajenko in 2014, Tickmill is a forex and CFD broker that offers online trading services to traders and investors worldwide. The current CEO of Tickmill is Sudhanshu Agarwal. The company has offices in the UK, Cyprus, South Africa, Seychelles, and Malaysia. Tickmill offers trading services in forex, stock indices, commodities, cryptocurrencies, bonds, and stocks. The company provides its services to both institutions and individual clients worldwide. Tickmill is regulated by top regulatory authorities including FCA, CySEC, FSA, FSA (Labuan), and FSCA. The broker offers a wide range of trading platforms and tools including MT4, MT5, WebTrader, an economic calendar, VPS, Capitalise.ai, a forex calculator, and more. To learn more, you can read our review on Tickmill.
Tickmill Overview
- Founded In: 2014
- Founder: Ingmar Mattus
- Headquarters: London, England
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Regulations: FCA, CySEC, FSA, FSA (Labuan), and FSCA.
- Trading platform:MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
- Account Types: Classic, Pro, VIP, Demo, Islamic
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay
- 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
Tickmill vs : KOT4X Features
Tickmill:
- Trading Instruments: A wide range of trading instruments including Forex, Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks
- Maximum leverage: The maximum default leverage is 500:1. However in some countries or tradable assets the broker offers 1000:1 leverage.
- Minimum Deposit: $100 or equivalent for all account types.
- Minimum Withdrawal: $25 or equivalent.
- Trading Fees: Spreads start from 1.6 pips for the Classic Account (no commission). The Raw Account has a spread of 0.0 pips with a commission of $3 per lot per side.
- Account Type: Two ( Classic Account, Raw Account)
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot: 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
Tickmill vs KOT4X: Pros and Cons
Tickmill Pros & Cons
- Regulated by FCA, CySEC, FSA, FSA-S, FSCA etc
- The Maximum Leverage is as high as 1:500
- Spread starts as low as 0.0 Pips
- Fast and Easy Account Opening
- Allows scalping, EA/Robot trading, news trading
- Offers MAM account for passive investors
- No fees for Deposit and Withdrawal
- You can not deposit less than $100.
- Does not offer popular trading platforms like MT5, cTrader, Tradingview etc
- No Proprietary Trading Platform Offered
- PAMM Account is not offered
- No cent account for beginners
- The minimum deposit of a VIP account is $50000
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
Tickmill vs KOT4X: Side-by-Side Comparison
Tickmill Vs KOT4X: Our Scores and Ratings
We rated both brokers, Tickmill 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.
Tickmill :
KOT4X
Final Verdict :
Both Tickmill and Kot4x offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Tickmill is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA , CySEC, FSA-S, FSA(Labuan) and FSCA. On the other hand, Kot4x is an unregulated offshore forex broker. Tickmill provides Multiple trading platforms including MT4, MT5. On the Contrary, Kot4x does not offer MT4/MT5. It uses only TradeLocker as its trading platform.
As Tickmill 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 Tickmill, while US traders looking for offshore forex brokers may consider Kot4x. Trading with offshore forex brokers is risky and not recommended.
