Kot4x

Kot4x, registered in St. Vincent and the Grenadines, is an unregulated offshore broker. Despite its lack of licensing, the company emphasizes its commitment to transparency and security of client data and funds. To enhance security, Kot4x requires two-factor authentication and KYC verification before performing any financial transactions.

Although the broker offers competitive spreads, they are not the lowest in the market, and trading commissions on ECN accounts and additional BTC conversion costs can increase the overall cost of trading. Restricting deposits and withdrawals to cryptocurrency only, particularly BTC, reduces the broker’s popularity among traders, especially in CIS countries.

The Kot4x website is presented in English only, which can be a barrier for non-native speakers. The lack of live online chat support and the delay in responding to email requests, which can range from 1 to 3 days, also limits the availability and responsiveness of customer service. Interaction with support is done through chatbots, both on the website and in the personal cabinet, which may not always satisfy the demands of users looking for personalized communication.

The trading conditions offered by Kot4x are suitable for both beginners and experienced traders. The broker provides access to ECN/STP accounts, which are characterized by narrow floating spreads ranging from 0.4 to 1.2 pips, and offers leverage up to 1:500. The minimum deposit for trading currency pairs is just USD 10. Trading a wider range of assets including currencies, indices, commodities, metals, stocks and cryptocurrencies requires a minimum deposit of $50. These terms make Kot4x an affordable choice for traders looking for flexibility and cost-effectiveness.

• Trading platform

  MetaTrader 4

• Accounts

  Demo, MINI Pairs, MINI Pairs, VAR Pairs, PRO Pairs

• Account currency

  BTC, EUR, USD, GBP, CAD, AUD

• Deposit/withdrawal

  Bitcoin (BTC), VISA, MasterCard, Discover Card and third-party debit and credit cards

• Minimum deposit

  $10 (MINI Pairs)

• Leverage

  1:50-1:500

• PAMM accounts

  no

• Minimum order

  0,01

• Spread

  From 0.4 points

• Instruments

  Currency pairs, indices, commodities, metals, stocks, cryptocurrency

• Margin call / Stop out

  no data

• Liquidity provider

  no data

• Mobile trading

  yes

• Affiliate program

  yes

• Order execution

  Market Еxecution

• Trading features

  There is cryptocurrency trading, deposit and withdrawal in bitcoins

• Contests and bonuses

  20% withdrawal bonus

As a result of the analysis of Kot4x trading conditions, the peculiarities of trading and non-trading commissions charged by the broker were identified. Trading commissions include spreads applied to all accounts and additional commissions per lot on accounts with reduced spreads: $7 per lot on Standard Pairs and PRO Pairs accounts, and $1 per lot on MINI Pairs accounts. As for non-trading fees, the broker charges a 5% fee for deposits via debit and credit cards via E-Commerce Pay, but withdrawals are free of charge. In addition, traders face swap fees for carrying an open position to the next trading day. These conditions should be taken into account when choosing Kot4x as a trading broker.

Kot4x acts as a comprehensive online broker offering an extensive range of trading tools for dynamic online trading on the MT4 platform. This broker offers its clients the opportunity to trade via ECN accounts, which includes Contracts for Difference (CFDs) on major, minor and exotic currency pairs, as well as a wide range of other assets.

The range of trading instruments includes:

• 55 currency pairs
• 11 indices
• 9 commodities, including precious metals and energy products
• 105 stocks
• 31 cryptocurrencies

Kot4x Key Features:

• Number of trading instruments: More than 250.
• Minimum deposit for access to Forex: $10.
• Leverage: Up to 1:500.

Kot4x uses the STP (Straight Through Processing) model, which ensures direct order processing without the intervention of a dealing center, minimizing conflicts of interest between traders and brokers. Client orders are routed to an aggregator that selects the best prices from a variety of leading liquidity providers, which guarantees accurate quotes and super-fast execution of trades.

Trading platforms:

• MT4 is available for desktop, mobile devices (iOS and Android) and as a web-based platform that is compatible with most modern browsers and requires no additional software.

Currently, Kot4x does not offer any innovative authoring tools or services to improve trading, except for the standard features integrated into MT4. This may limit traders looking for advanced analytical capabilities or customized trading solutions.

Kot4x offers a choice of four types of ECN accounts on the MT4 platform, each suitable for different trading styles and strategies with a maximum leverage of 1:500. These accounts differ in terms of minimum deposit, available trading assets, spreads and lot commissions.

Account Types in Kot4x:

1. MINI Pairs: This standard account is ideal for trading 29 currency pairs with a minimum deposit of only $10. Spreads are floating, starting at 1.0 pip, with a commission of $1 per lot.
2. Standard Pairs: The account offers spreads starting at 0.8 pips and requires a minimum deposit of $50 to access a wide range of assets including currencies, stocks, indices, commodities, metals and cryptocurrencies. The commission is $7 per lot.
3. VAR Pairs: With a minimum deposit of $250, this ECN account offers no commission per lot but higher spreads starting at 1.2 pips.
4. PRO Pairs: Professional account with the lowest spreads starting at 0.4 pips and a minimum deposit of $500. The commission is $7 per lot.

Demo account: Before starting real trading, traders can use a demo account to familiarize themselves with the terminal functionality and evaluate trading conditions.

Bonuses from Kot4x:

• “Withdrawal Bonus”: 20% Withdrawal Bonus with a maximum reward of up to $5000 or equivalent.

These conditions make Kot4x an attractive choice for traders of different backgrounds, including experienced investors seeking to trade at a professional level with tight spreads.

Kot4x broker is focused on cooperation with active traders who prefer independent Forex trading. In this regard, the broker does not offer opportunities for investing in PAMM or MAM accounts and does not provide ready-made investment portfolios. There are also no own platforms for copying trades. However, traders can use social trading opportunities by connecting to MetaQuotes’ trading signals service through the MT4 terminal.

Kot4x affiliate programs include:

1. Introducing Broker (IB): Affiliates earn a commission of 28.6% of the commission retained by the broker from each trade of referred traders.
2. Affiliate: Affiliates earn a commission of 2 USD for each lot traded by their referrals.

In Kot4x, the affiliate program stimulates the activity of referred clients: the higher the trading volume of referrals, the higher the partner’s income. This provides an opportunity for earning on the basis of trading activity of referred traders.

Kot4x provides prompt withdrawal of funds from trading accounts without charging additional commissions. Withdrawal requests are processed by the financial department within 24 hours.

Withdrawal options include:

• Bitcoin crypto wallets: Allows for fast and secure withdrawals.
• Debit and credit cards: VISA, MasterCard, Discover Card and third-party cards.
• Minimum withdrawal amount: $10.

Withdrawal features:

• Funds deposited from a card can be withdrawn back to the same card in the amount of the original deposit. Amounts in excess of the deposit must be withdrawn by other methods.
• Transaction currency: BTC.
• Crediting time: Funds arrive to Bitcoin wallet within 1-3 hours, to credit card – within 1-5 business days, provided the card from which the deposit was made is used.

Support service:

• Customer support is available 24/7 via online chat with a chatbot, allowing traders to get answers to questions at any time.

This system of withdrawals and customer support makes Kot4x a convenient option for traders who prefer diverse and flexible methods for managing their finances.

To start forex trading through Kot4x broker, follow the steps below:

1. Opening a trading account:
   • Go to the official Kot4x website and click the “SIGN UP” button in the top right corner of the page.
2. Register and create a personal account:
   • In the registration form, enter your last name, first name, e-mail address and create a password.
   • Confirm your email by clicking on the link sent to the specified address.
   • Next, fill out the form with your phone number, date of birth, gender, address with zip code and select your account currency.
   • Enable two-factor authentication for increased security and create a new account (demo or real).

Functionality of the Kot4x personal cabinet:

1. Financial operations:
   • Deposit, withdrawal and internal transfers between wallets in the system.
2. Account management:
   • Create a new demo or live account.

Additional features of the personal account include:

• Two-Factor Authentication: Protect your account from unauthorized access.
• KYC and Verification: Confirm identity and address for security.
• View Notifications: Track system notifications and messages.
• Ticket Generation: Create tickets with a 6-digit password to send requests to customer support via email.

These features make Kot4x personal account a convenient and secure tool to manage your trades and account.