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KOT 4X review – Is kot4x.com scam or good forex broker?
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KOT 4X is an offshore forex and CFD broker, offering three account types with a leverage of up to 1:500 and the MetaRader4 platform. Unfortunately they are not regulated, so if you are thinking about trading with them be sure to read this review first.
|Account type||Min. deposit||Max. leverage||Spread s|
|Standard ECN Account||$50||1:500||n/a|
KOT 4X Advantages:
A fine selection of trading instruments
KOT 4X definitely offers a fine selection of trading instruments – 55 currency pairs, many of which cross pairs or exotic like USDCNH, USDCZK, USDDKK, USDHKD, USDHUF, USDILS, USDMXN, USDNOK, USDPLN, USDRUB, USDSEK, USDSGD, USDTRY and USDZAR. And they also have in their portfolio a selection of CFDs on oil, natural gas, silver, gold, platinum and palladium, 11 indices, stocks and crypto coins line Bitcoin, Bitcoin Cash, Dash, Eidoo, EOS, Ethereum, Metaverse, IOTA, Litecoin, NEO, OmiseGo, Santiment, Tron, Monero, Ripple and Zcash. Still, if you are interested in trading crypto you may also check our list of brokers trading with bitcoin CFDs:
An offshore, unregulated broker
KOT 4X is owned by KOT4X LTD, which is based offshore on the beautiful islands of St.Vincent and the Grenadines in the West Indies. This is a former British colony, which became independent in 1979 and currently is one of the preferred destinations for all kinds of offshore businesses, including shady forex brokers like KOT 4X, because of the loose registration regime, and the lack of financial regulation at least as far as forex and CFD brokers are concerned.
Trading with unregulated brokers like KOT 4X has always been extremely risky – such companies are completely unaccountable for the way they handle your money and basically, if you trade with them, you will have to trust the integrity of the people, who operate the website.
Trading with properly regulated brokers on the other hand is safe. Our advise is to chose only among brokers regulated by legit institutions such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).
And besides, with a FCA broker you will have the extra protection of a client compensation fund, basically insuring your funds for up to 85 000 GBP, so here you may check our list of brokers regulated in the UK:
As we noted KOT 4X is an offshore broker without a license to operate on regulated markets like the EU, the US, Australia, Canada or Japan. So if you value the safety of your funds, better chose among our list of brokers, regulated in Europe:
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
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XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
KOT4X Review: is KOT 4X a Scam or Legit Broker?
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KOT4X Review 2020 | Is KOT4X a Scam or Legit Forex Broker?
Average broker rating
KOT4X is an offshore Forex brokerage registered in St. Vincent and the Grenadines. It provides the MetaTrader 4 trading platform and a very generous leverage. Traders are extended a leverage of up to 1:500. Furthermore, there is a wide range of trading products from which to choose. The required minimum deposit is only $50 which is quite low and favorable for traders.
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review KOT4X.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. KOT4X offers Online Financial Trading and Investment Services Such as CFD, Cryptocurrency, Forex.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. KOT4X recommended minimum capital is $0.
Is the Forex broker regulated? Commissions and fees aside, let’s take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. KOT4X is regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Unfortunately they are not regulated, so if you are thinking about trading with them be sure to read this review first.
Payment methods: Next lets have a look at each broker’s payment options. KOT4X offers bitcoins different payment methods for each account types.
Deposit and withdrawal: Payments accepted only with bitcoins
Trading platforms: Next, let’s look at the tools and features fx traders desire. With trading platforms, KOT4X makes MT4 available to clients.
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