KOT4X Review

Minimum Deposit: $10 VISIT BROKER
Trading leveraged products such as Forex may not be suitable for all investors as they carry a degree of risk to your capital.

KOT4X Review

Summary

KOT4X is an online broker that caters to investors and traders all over the globe. Aptly named the Kings of Transparency (KOT4X), they provide CFD instruments including forex, stocks and cryptos, to traders with cutting-edge technology for trading the world’s markets. The broker has excellent trading conditions including tight spreads, quick trade execution speeds, around the clock support and a minimum deposit requirement of just $10.

KOT4X have partnered with some of the top tier exchanges to be able to offer optimal trade conditions to their clients on a 24/7 basis. The innovative technology that the broker implements has made it possible for individuals to purchase, trade, and invest, without the involvement of banks or other financial institutions.

7.6Expert Score
KOT4X Rating

KOT4X is an online Crypto, Forex and CFD Broker providing traders across the globe with cutting-edge technology to trade the world’s markets.

Investment Products
8.5
Commissions and Fees
8.5
Platforms and Tools
8
Research and Education
5
Deposit and Withdrawal
8

KOT4X Review

Pros and Cons

KOT4X client can trade hundreds of instruments on versatile and easy to use platforms. You get very competitive trading conditions without any restrictions on your trading strategies. Crypto lovers will be impressed with the range of crypto CFDs that can be traded 24/7 whilst the broker also supports bitcoin deposits and withdrawals. Beginners may want to open a demo account to familiarise themselves with trading online as the broker doesn’t currently have any educational materials. If you are ready to open a live account, the process is quick and easy whilst a very helpful support team is on hand to assist as and when needed. You can be ready to trade with a minimum $10 deposit in just minutes.

Positives
  • User-friendly platforms
  • Tight spreads
  • Rapid execution speeds
  • Low fees and commission free accounts
  • 250+ tradeable instruments
  • 24/7 crypto trading
  • Minimum $10 deposit
  • Bitcoin deposits and withdrawals
  • Around the clock support
  • Trade as low as 0.01 lots
  • Trade as high as 500 lots
  • Hedging allowed
  • Scalping allowed
  • News trading allowed
  • Expert advisors allowed
  • Go long or short on positions
Negatives
  • Not yet regulated
  • No Islamic accounts
  • Inactivity fees on dormant accounts
  • Lack of educational resources
  • Crypto funding only

KOT4X Review

Investment Products

You can join thousands of people who choose to trade with KOT4X on over 250 instruments including 24/7 trading of cryptocurrencies. They have a generous range of currency pairs, stocks, indices, cryptos and commodities. Whatever your interests, there is something for everyone to trade.

KOT4X Review

When trading online with KOT4X, you are actually trading on the price changes of the selected financial instruments, and not physically making a purchase of the asset itself. The trader and the broker agree between themselves to replicate market conditions and settle the difference amongst themselves when the position closes. This is known as CFD trading. You can go long or short when trading CFDs with KOT4X.

KOT4X Instruments Summary

InstrumentsKOT4X
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
KOT4X Instruments

KOT4X Review

Commission and Fees

Commission and Spread Fees

KOT4X keep things very simple for clients. The broker has a choice of trading accounts all available through the same user-friendly platform. You simply load the extension of the instrument that you wish to trade. The main difference between each of the extension types are the spreads (starting from 0.4 pips) and commission fee (starting from $0).

You can choose to trade with tighter spreads and pay a small commission fee. This may be useful for those who are day trading and need lower spreads for their trading strategies. On the other hand, you can choose to trade with slightly higher spreads but pay no commission fee. This may be the preferred option for investors who are not too concerned about the spread as they plan on holding positions for the long term. Either way, all of the accounts have very competitive trading fees.

Standard PairsPRO PairsVAR PairsMINI Pairs
Execution TypeMarket ExecutionMarket ExecutionMarket ExecutionMarket Execution
Trading ModelECN STPECN STPECN STPECN STP
Min. Trade Size0.010.010.010.01
Max. Trade Size1000 lots1000 lots1000 lots1000 Lots
Typical SpreadFrom 0.8From .4From 1.2From 1.0
SwapsYesYesYesYes
Available InstrumentsFX, Indices, Commodities, Metals, Stocks, CryptosFX, Indices, Commodities, Metals, Stocks, CryptosFX, Indices, Commodities, Metals, Stocks, CryptosFX
Commission$7.00 Per Lot$7.00 Per Lot$0.00 Per Lot$1.00 Per Lot
Forex55 pairs55 pairs55 pairs29 Pairs
Indices1111110
Commodities9990
Stocks1051051050
Cryptos3131310
Trading PlatformsMT4MT4MT4MT4
Recommended Min. Deposit$50$500$250$25
KOT4X Fees

KOT4X participates in the STP (Straight Through Processing) execution model. This means that when a KOT4X client places a trade, there should be no manipulation from the dealing desk along with no re-quotes and no conflict of interest between the broker and clients.

Every trade is placed in the KOT4X aggregator which will give the best price possible for you as a trader and client of the broker. These trades are pulled from some of the top-tier liquidity providers in the financial industry. This means lower spreads and quicker trade execution speeds.

KOT4X Accounts
KOT4X Accounts

Deposit and Withdrawal Fees

KOT4X participates in the STP (Straight Through Processing) execution model. This means that when a KKOT4X do not charge any fees for making deposit and withdrawals. However, keep in mind that there may be an applicable blockchain fee when sending and receiving bitcoin.

Inactivity Fees

KOT4X will charge you a $10 inactivity fee if you do not use your account for more than 6 months and there are funds remaining. You could simply withdraw your funds or start using your account again to avoid this small charge.

KOT4X Review

Platforms and Tools

All of the KOT4X financial instruments are available on the MetaTrader 4 platform. You can open a live MT4 account where you can choose what type of instruments to trade (Standard, PRO, VAR, or MINI). As mentioned earlier, the difference between the instrument extensions are mainly the spreads and commissions, if applicable.

MetaTrader 4

MetaTrader 4 or MT4 for short, is by far the most widely used platform when it comes to forex and CFD trading online. It was developed by MetaQuotes Software and released in 2005. The MT4 platform is well known for being very user-friendly. It makes the process quick and easy when it comes to analysing charts, placing and managing orders.

You can load multiple charts and timeframes to keep track of your favourite financial instruments across web, desktop and mobile devices. There is an abundance of trading tools implemented within the MT4 platform that makes conducting analysis of the charts a breeze. Set price alert notifications via SMS, email and pop-ups for when the price reaches your target level.

MT4 supports fully automated trading via expert advisors. An expert advisor, otherwise known in the trading world as an “EA,” is basically a software program that you install onto the MT4 platform that will automatically follow instructions once a certain criterion has been met. Depending on the configuration, the software will automatically open a trading position or notify the trader to make a decision. After the position is opened, the EA can add conditions for closing the trade like limits, trailing stops, and stops.

The KOT4X MT4 platforms are available for desktop, web and mobile. The MT4 desktop platform has complete functionality. The MT4 web platform can run directly in your web browser without you needing to download or install any additional software. The MT4 mobile trading app for iOS and Android devices can be great for those of you who plan to follow the markets and manage your account whilst on the go.

MT4 Features

  • User-friendly and fully customisable interface
  • Access all markets and instruments from one platform
  • Chart timeframes from 1 minute to 1 month
  • Multiple order types including instant, pending and limit
  • Technical indicators and drawing objects for market analysis
  • Send custom price alert notifications
  • Automated trading with expert advisors (EA’s)
  • Strategy tester to back test EA’s on historical data
  • Create custom trading tools such as indicators, scripts and EA’s
  • Desktop, web and mobile app versions
KOT4X MT4 Platforms
KOT4X MT4 Platforms

KOT4X Platforms Summary

PlatformKOT4X
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)x
cTraderx
Proprietaryx
Desktop
Web
Mobile
Social Tradingx
Otherx
KOT4X Platforms

KOT4X Review

Research and Education

One area where KOT4X is lacking is research and education. They don’t actually provide any specific trading guides or tutorial videos which could be helpful, especially for beginners. That being said, there is a plethora of information in the FAQ section on the brokers website and you could always open a demo trading account to practice using the KOT4X platform risk-free with virtual funds. You will also find plenty of MT4 tutorials online and website that specialise in investment education.

KOT4X Research and Education Summary

ResourcesKOT4X
Market Analysisx
Guidesx
Videosx
Webinarsx
Autochartistx
Trading Centralx
Economic Calendarx
Other (FAQ)
KOT4X Resources

KOT4X Review

Deposit and Withdrawal

KOT4X is unique from other brokers as they only accept bitcoin (BTC) for deposits and withdrawals. Fast and secure transactions when sending BTC via wallet to wallet can safeguard both you and the broker. 

This has some advantages, including anonymity and privacy. Bitcoin makes it possible for buyers to complete their payments without divulging any sensitive financial information (such as credit or debit card details) to the seller.

KOT4X can send your earnings straight to you via bitcoin. You just need to request a withdrawal through your account and the broker will aim to process it for you within 48 hours. You can track the progress of the transaction on the blockchain if need be.

KOT4X Funding Summary

Payment MethodDepositWithdrawal
Wire Transferxx
Credit/debit Cardxx
Electronic Walletsxx
Cryptos
KOT4X Funding Options

KOT4X Review

Regulation and Safety

At this moment in time, KOT4X is not currently regulated. However, the broker states that they are in the process of applying for a license to be regulated, it can just take a while to go through.

KOT4X Regulation Summary

RegulatorKOT4X
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Otherx
KOT4X Regulators

KOT4X Safety

Some traders and investors will be put off by the lack of regulation. However, there are those who will understand that not being regulated means that KOT4X can offer products and services to clients that a regulated brokerage cannot.

KOT4X Broker Overview
KOT4X Broker Overview

KOT4X Review

Client Support

KOT4X customer support can be reached by email and by completing a short online form. There is also an automated web chat service that can point you in the right direction. We found them to be responsive and helpful when asking them a variety of questions.

KOT4X Review

Conclusion

KOT4X provides a secure ECN trading environment which permits traders to trade exclusively online. You can choose from hundreds of tradeable instruments including forex, stocks, commodities and cryptos. They have very competitive trading conditions including tight spreads, low fees and quick execution speeds. The broker is one of very few that supports bitcoin deposits and withdrawals along with 24/7 crypto trading. It is quick and easy to create an account to start trading CFDs through KOT4X in just minutes via desktop, web or mobile.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

KOT4X Review

FAQs

When was KOT4X founded?

KOT4X was founded in 2019.

Where is KOT4X located?

KOT4X is registered in St. Vincent and the Grenadines.

Is KOT4X regulated?

No, KOT4X is not currently regulated.

What trading instruments does KOT4X offer?

KOT4X offer CFDs on forex, stocks, indices commodities and cryptos.

What is the KOT4X minimum deposit?

The KOT4X minimum deposit is just $10.

What investing platforms does KOT4X offer?

KOT4X provide traders with the MT4 platforms.

What is the KOT4X commission fee?

KOT4X have commission free accounts or charge between $1 – $7 on other accounts.

Does KOT4X charge an inactivity fee?

Yes, there is a small inactivity free of $10 after 6 months of no activity.

What are the KOT4X spreads?

KOT4X spreads are variable and depend on the account type that you are using.

What funding options does KOT4X offer?

KOT4X support bitcoin deposits and withdrawals.

Does KOT4X offer demo trading?

Yes, you can open a free KOT4X demo account to practice trading online risk free.

Does KOT4X offer Islamic accounts?

No, there currently is no Islamic account option although the broker mentioned this may be added at a later date.

How do I contact KOT4X customer support?

You can reach KOT4X support through email and an online contact form.
KOT4X Review
KOT4X Review
Minimum Deposit: $10
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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