Forex Broker Review
If you're looking for a fast and easy way to send and receive your money, KOT4x is the place to go! We use a Straight Through Process (STP) Forex Broker model, so you don't have to worry about any conflicts of interest. Plus, thier team works hard to make sure your money is processed quickly and efficiently, so you can be sure you're getting the best service possible.
kot4x broker review
$25 min deposit!
Kot4x is a cryptocurrency and Commodity Futures (CFD) broker utilizing cutting-edge technologies to facilitate trading on financial markets. It offers a secure Electronic Currency Network (ECN) trading environment with over 250 trading options, including cryptocurrencies, and does not restrict trading strategies. Furthermore, Kot4x offers competitively priced trading fees and accepts payments in Bitcoin.
Account currency:BTC, EUR, USD, GBP, CAD, AU
Minimum deposit:$25 (Mini Pairs)
Spread:From 0.4 pips
Instruments:Currency pairs, indices, commodities, metals, stocks, cryptocurrencies
Margin Call / Stop Out:Not indicated
The Kot4x trading platform offers a range of advantages, including advantageous trading terms, precise spreads, and high leverage for accounts with a minimum $250 deposit. Additionally, users can access trades across six asset classes, including currency pairs, cryptocurrencies, stocks, indexes, commodities, metals, and MT4 terminals, available in mobile, desktop and web versions.
Kot4x offers a range of features, however, it does come with a few drawbacks. The only way to generate passive income is through an affiliate program, which necessitates the use of a no-cent (micro) account. Additionally, no Islamic accounts are available. Furthermore, there is no proprietary services available to facilitate the copying of transactions while utilizing PAMM/MAM accounts. Furthermore, the website does not provide any analytics, training materials, or tools that would be beneficial to a trader.
The company operates an offshore broker, Kot4x, which is not regulated by any regulatory body. Despite the fact that it does not have a license, Kot4x claims to operate with a high level of transparency and takes great care to ensure the safety of customers' assets and data. Trading is only possible after the broker has completed a two-step authentication process, submitted the necessary documents, and passed the Know Your Customer (KYC) verification. While Kot4x does offer competitive spreads, they are not among the lowest on the market. Furthermore, customers have to pay additional trading commissions when trading in Electronic Currency Nets (ECN) accounts, and additional costs when exchanging Bitcoin (BTC) funds. This is the primary reason for the broker's low popularity among traders. The company's website is multi-functional and in English. The main feature is the chatbot, which answers the trader's questions on both its website and in their personal account. Requests sent by email must be expected to receive a response within one to three days.
The primary focus of Kot4x brokers is to collaborate with active traders trading on Forex independently. As a result, its clients are not able to invest in Pre-Set Asset Managers (PAMMs) and Multi-Asset Managers (MAMs) or in Pre-Set Investment Portfolios (PIPs). Kot4x also does not provide any proprietary Trade-Copy Platforms. In addition, traders can access social trading through MetaQuotes' trading signals services, which are accessible directly in MT4 terminal.
If you're a Kot4x user, here's what you need to know about trading conditions:
Kot4x trading terms are suitable for traders of all experience levels. The broker provides ECN / STP accounts with accurate floating spreads of 0.4 – 1.2 ppt and leverages of 1 – 1,500 ppt. Minimum deposit per account for currency pairs only trading is $25 per account. To execute transactions with currency, index, commodity, metals, stock and cryptocurrency from the same account, please replenish your account at least $50.