Forex traders always look for brokers offering favorable trading conditions, affordable minimum deposits, and a trusted reputation within the trading community. Even sometimes traders settle for offshore forex brokers to enjoy unrestricted free trading conditions. KOT4X is an online forex and CFD broker that offers a wide range of trading instruments, including Forex, Metals, Cryptos, Stocks, Indices, and Energies.
If you are considering using KOT4X as your broker, you may be wondering about the minimum deposit requirements and deposit conditions of KOT4X. In this guide, we will provide you with a comprehensive overview of KOT4X’s minimum deposit requirements, deposit process, and other important information you need to know before you start your trading journey.
What is the minimum deposit for KOT4X?
The minimum deposit of KOT4X is between $10 and $250. The range depends on deposit methods, deposit amounts, and types of accounts. For example, a direct crypto deposit requires a minimum of $10, while Credit/Debit Cards (via 3rd party Providers) range from $25 to $250. KOT4X accepts cryptocurrencies as deposit methods. You can also deposit via Altcoins and stablecoins such as ETH, XRP, LTC, DOGE, and USDT
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
How to Fund Your KOT4X Account: A step by Step Guide
Step 1: Log in to Your KOT4X Account
To fund your KOT4X account, you’ll first need to create your KOT4X account or log in to your existing account. Open your preferred web browser and go to the official KOT4X website. Then visit the login section. You will find it in the Menu bar. Enter your registered username and password in the provided fields and click on the “Log In” to access your account dashboard.
Step 2: Go to the Deposit Section
Once logged in, go to the deposit section within your KOT4X account. This section is typically located in the main menu or sidebar of the platform. Look for options labeled as “Deposit,” “Funding,” or similar terms. Click on this section to proceed to the next step.
Step 3: Choose Deposit Methods
In the deposit section, you’ll find available deposit methods for funding your KOT4X account. These methods may include direct Bitcoin deposit, Bitcoin via Instacoin, and wire transfer via Instacoin. KOT4X currently does not offer any other deposit methods other than Bitcoin.
Step 4: Enter Payment Details
Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction. Depending on the chosen method, this could involve entering your Bitcoin wallet address for direct Bitcoin deposits, following instructions provided by Instacoin for Bitcoin transactions, or providing bank details for wire transfers via Instacoin. Ensure that you accurately enter all required information to prevent any delays or errors in the funding process.
Step 5: Complete Process
After entering the necessary payment details, carefully review the information to ensure accuracy. Once satisfied, proceed to complete the deposit process by following the instructions provided on the platform. This may involve confirming the transaction, verifying any security measures, and completing the deposit. Upon successful completion, the funds should be credited to your KOT4X trading account which allows you to start trading on the platform.
How to Withdraw Funds from KOT4X
To withdraw funds from KOT4X, follow these steps:
- Log in to your KOT4X account.
- Go to the “Withdraw Funds” or “Withdrawal” section.
- Select your preferred withdrawal method (e.g., Bitcoin, wire transfer).
- Enter the amount you wish to withdraw.
- Follow any additional on-screen instructions for your chosen withdrawal method.
- Confirm the withdrawal request.
- Wait for the withdrawal to be processed by KOT4X.
Frequently Asked Questions (FAQs)
What is KOT4X?
Founded in 2019 KOT4X is an online forex and CFD broker. It is an offshore forex brokers that accept clients all over the world. The broker offers a wide range of trading instruments including forex, CFDs, Crypto CFDs, etc. KOT4X is reputed for lower commission and competitive spreads. The broker got ASIC regulation in 2023. You can read our review to learn more about Kot4X
What is the Maximum Deposit of KOT4X?
KOT4X does not have a maximum deposit limit. You may deposit as much as you want.
What currency can I deposit into KOT4X?
KOT4X accepts only Bitcoin deposits. You may deposit directly with cryptocurrencies or purchase cryptocurrency from third-party websites using Debit/Credit Cards. You can also deposit via Altcoins and stablecoins such as ETH, XRP, LTC, DOGE, and USDT. Here are the deposit methods of KOT4X
- Bitcoin (BTC)
- Litecoin (LTC)
- USDT (TRC20/ERC20)
- USD Coin (TRC20)
- Ripple (XRP)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Debit/Credit Card via 3rd Party Providers (You will be purchasing Bitcoin and transferring Bitcoin into KOT4X). It is worth mentioning that KOT4X does not offer Wire Transfer as a deposit method on their platform.
What is the maximum leverage of KOT4X?
The maximum Leverage of KOT4X is between 20:1 to 500:1. The leverage offered by KOT4X may vary based on trading instruments. Here is the list of the current maximum leverage of KOT4X
- Forex: Up to 1:500
- Metals: Up to 1:200
- Cryptos: Up to 1:100
- Stocks: Up to 1:20
- Indices: Up to 1:200
- Energies: Up to 1:200
Kindly note that for accounts with equity of 500k and above, the leverage for stocks, cryptos, metals, indices, energies, and forex is 1:50
How much does it cost to deposit in KOT4X?
KOT4X does not charge any deposit fees. However, the blockchain network might charge a small fee.
What is the Minimum trade size of KOT4X?
The Minimum trade size of KOT4X is 0.01. It is worth mentioning that a lot is a standard contract size in the currency market. It equals 100,000 units of a base currency, so 0.01 lots account for 1000 units of the base currency
How long does it take to deposit on KOT4X?
Deposits are usually instant. However, sometimes it may take 1 to 3 hours, or when you have 3-6 Blockchain confirmations completed. For debit/credit card deposits via 3rd party providers, the time may vary.
How much should I deposit in my KOT4X account?
You may deposit any amount you want. If you are a beginner, you may start with as little as $100 or less. As you gain knowledge, you may deposit your desired amount and start trading.
What trading platform does KOT4X use?
KOT4X uses Tradelocker trading platforms. Currently, the broker does not have MT4, MT5, or any other trading platforms.
Final Verdict:
Offshore forex brokers usually accept only crypto deposits and withdrawals. So it is always a challenge for traders to deposit on those platforms. Like other offshore brokers, KOT4X also accepts only crypto deposits and withdrawals. The broker does not charge any fees for fund deposits. Deposits are usually instant; but, sometimes it it may take 1 to 3 hours or when you have 3-6 Blockchain confirmations completed. You can also deposit via Altcoins and stablecoins.
If you are looking for offshore forex brokers for unrestricted trading facilities, KOT4X can be a good option. However, offshore forex brokers are unregulated and unauthorized. Therefore, trading with these brokers always carries high risks. Though the broker recently got ASIC regulation, it is not considered trusted yet.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.
