Scam is widespread in the forex trading world. If you are scammed, you can contact your bank and file a chargeback. If you have given your credit card information to the broker, I recommend that you cancel your credit card immediately.

Stay away from people who present themselves as rescue organizations. To help you, they will ask you to pay first and then they will not help. You should find a better broker. In addition, the trading conditions are bad. You can find a better broker in my top forex broker list in this link.

If you have any doubts or question about my Kotfx broker review feel free to contact me about Kot4x review. I am Valentin Cote, the author and owner of this personal blog. I compare and review forex brokers in my website. I am in the trading industry since and still learning. I also write useful articles for newbies about forex and investment. I love playing online games and Forex :.

Hello to everyone. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. So I think I have enough knowledge to compare brokers. You can learn about forex brokers by reviewing my blog.

Home » Forex Brokers » KOT4X. Table of Contents:. Kot4x forex broker review. You can find all information about Kot4x broker and required minimum deposit. Is the Kotfx broker regulated? Valentin Cote May 9, 12 0. Product is rated as 64 in category Forex Brokers. Poor I reviewed KOT4X based on the following criteria. CUSTOMER SERVICE. PRODUCT PORTFOLIO. About Company What is Kot4x? Regulator Is Kot4x regulated? Account Types and Spreads What is the account types and spreads of the broker?

Minimum Deposit What is Kot4x minimum deposit? Trading Platforms Which platforms can I use in Kot4x? Education Material Does Kot4x supply any education material? Demo Account Does Kot4x offer demo account? Vincent and the Grenadines, they are currently not regulated by any regulatory authority. Despite this, KOT4X state that they operate with the upmost transparency and put great emphasis on security of client funds and personal data.

The lack of regulation does however mean that the broker can provide certain trading conditions that regulated brokerages cannot, such as increased leverage. The broker does not mention any countries where they cannot accept clients from but I have read that they welcome clients from around the globe.

If you find out that you are unable to open an account with them for any reason, please feel free to browse our broker ratings for alternative options. KOT4X provide you with the popular MetaTrader 4 MT4 trading platform which is used by millions of traders all over the globe. MT4 is widely regarded as one of the most user-friendly online trading platforms which makes it a popular choice amongst beginners. It also has an abundance of built-in trading tools to ensure that it has plenty of functionality for some of the more demanding traders.

You can customise the platform to be as simplistic or complicated as you need it. I have used MT4 for years and never felt the need to switch to anything else as it does everything that I need it to and much more.

I especially like the automated trading capabilities that it has. Another major advantage of the platform is that you will find it is readily available through most brokers.

This means that you will not need to learn a new platform should you wish to try different brokers now or in the future. MT4 has a fully customisable and intuitive interface. You can use the platform to follow real time charts of various trading instruments and to conduct in depth market analysis.

It supports multiple time frames and order types. The platform is available for desktop, web and mobile devices running on iOS and Android. The MT4 web platform can run in most modern web browsers without needing to download or install any additional software. It is great how the web platform is always up to date but unfortunate it does not support the automated trading feature. On the other hand, the MT4 mobile app is excellent for those of you who need to access your account and trade whilst on the go.

I am a big fan of trading apps and find myself often checking what is going on around the markets. It is just so convenient to be able to launch the app when on the sofa or even in bed to always keep track of my trades.

The broker does not currently offer any additional standalone trading tools to support clients although the MT4 platform should have enough built-in tools to meet the needs of most traders. In the MT4 platform you will find a great range of technical indicators and drawing objects for conducting detailed market analysis across various chart types and timeframes.

You can also access thousands more directly from the MQL marketplace which is easily accessible from the platform. Furthermore, the MQL programming interface enables you to develop your own unique trading tools should you wish to do so.

The possibilities and trading tools are endless. If you do want some more tools to play around with, BlackBull Markets have a good selection to choose from. There are also no educational materials provided by KOT4X. It would be useful if they could provide some trading guides, tutorials, videos, webinars, daily market analysis, etc.

This could help clients improve their trading skills and knowledge in order to become more informed traders. That being said, the KOT4X demo account can be a great way to get used to trading online with the MT4 platform. It is free to open and comes preloaded with virtual funds so that you can experiment with your trading strategies without any risk. Once you build up enough confidence and start seeing success, you may then switch over to a real live trading account.

If you are a beginner and looking for lots of educational content, Admirals could be worth checking out instead. KOT4X have a large selection of over trading instruments in different asset classes to trade online through the MT4 platform.

This includes forex currency pairs, indices , commodities , metals, energies, stocks and cryptocurrency. I feel like there is more than enough for everyone to trade here. You will find everything from major currency pairs, popular cryptos and stocks of major companies. If you are old school, gold and silver is available to trade with favourable conditions and no need to physically own the underlying asset.

It should be noted that KOT4X offer contract for differences CFDs trading which means that you can speculate on fluctuating prices without actually owning the underlying asset. You can buy or sell assets depending on if you think the price will rise or fall. The difference in price from the start and end of a CFD is the profit or loss, minus any brokerage fees.

KOT4X allow you to trade with leverage which means that you can trade a greater position size than your balance would usually allow. Free Demo Get Started Login Language Afrikaans Arabic Chinese Simplified Czech Dutch English French German Hebrew Italian Polish Portuguese Russian Spanish. Home News Fair Forex Vs KOT4X.

pips Spreads comparison is like for like- Fair Forex commission Standard account Vs KOT4X VAR account, both commission free accounts. Essential Forex Trading Concepts You Should Know 18 August FREE DEMO.

First Name. Last Name. Country Code.

Kot4x is an unregulated broker known to allow people to trade CFDs online using the MetaTrader platform. Despite the wide variety when it comes to the types of accounts and trading instruments, they only accept bitcoin funding.

Pros and cons are easy to find. So, below we are going to take a look at this broker and review it for you. Kot4X is officially owned and operated by Kot4x Ltd. All you can find is an email address for contact. This, again, seems pretty sketchy.

The company is registered in St. Vincent and the Grenadines, a popular and well-known offshore zone that is frequently used by unregulated brokers, or brokers that want to offer high leverage and trading bonuses. As mentioned earlier, the broker is an offshore one and it was opened in It is located in St.

Vincent and the Grenadines. After all, we did mention this is an unregulated broker. Is Kot4X Safe Or A Scam? Still, not being regulated can put users at risk, as an unregulated broker is not able to offer protection the same way a legit one can.

As a result, most people are skeptical when it comes to registering on Kot4x, and rightfully so. You can only take their word for it. As for where the website is available, there are some countries restricted from trading with Kot4x. Products and features are not available to clients from countries with legal restrictions in place.

In fact, three of the four types come with fees. As for the VAR account, it comes with no commission fee. Other than that, there are other broker fees we came across. For instance, on the Terms and Conditions page, we read that Kot4x has every right to charge commissions for telephone trades. However, they do not offer more details on the amount they might charge, so this is a little confusing. Using a live account, we go through the whole registration process up to the point of placing the first trade.

After that, you only need to verify your email address, after which you can start submitting certain documents that will help verify you. Once the team is done checking all your documentation, you can fund your account and start trading. As mentioned, you can choose from four different types of accounts. These include standard, pro, VAR, and mini. This amount is pretty low compared to the industry requirement, which makes it quite sketchy.

We were disappointed to see this during the registration process. We noticed that we had the option to open a demo account as well. Demo accounts allow clients to try out trading strategies with virtual funds and thus test out the service before committing to a full account. When you open a demo account, you can do so with an unlimited amount of funds, after which you can choose to leverage up to Therefore, we tested the system to see how everything works.

For both deposits and withdrawals, Kot4x accepts bitcoin only. You can simply start depositing your amount without worrying that a bank will delay the transfer. Kot4x offers a guide where you can read plenty of information about buying bitcoin through Coinbase in case you have no idea how it works.

On top of that, when a broker makes a deposit or a withdrawal, no fees apply. The potential client base is greatly restricted by the limited funding options, and while it may be a great thing for traders who know enough about cryptocurrency, it affects brokers.

It would have been nicer to see some other funding options. For instance, the site should have considered adding things like debit or credit cards, wire transfers, or e-wallets like PayPal. It usually takes hours. You are required to have confirmations for your deposit, in order to be processed. It would usually take hours, depending on the Blockchain traffic however this can also take up to 24 hours, depending on the processing speeds of the provide. To withdraw bitcoin, you have to go to the withdraw many and make sure you have the BTC wallet ID for your external BTC wallet copied.

Once you do that, all you have to do is paste the wallet id into the BTC address field, and enter the amount you wish to withdraw, from your available balance. Kot4X aims to process withdrawal requests within 24 hours. Once processed it can take hours or as soon as confirmations on the Blockchain before the funds will be available in your BTC wallet. Multiple built-in trading tools are available to make sure that people find it easy to use and can trade properly.

Kot4x users can use different devices to start trading with MetaTrader 4. You simply access it from your browser, and you can start trading. Other than that, you have the desktop app — you can download it and start trading without having to keep an extra tab open in your browser. Furthermore, there is a mobile app that you can download and use on both Android and iOS systems. It is a great option for people who are on the go but still want to keep trading.

In terms of look and feel, the trading platform is great. The design looks amazing, and the platform overall is user-friendly. All the features can be found with ease and it allows you to start trading as soon as possible. Kot4x allows you to enable two-factor authentication. You can enable the 2FA via an authenticator app, or SMS. So, you will have to go through the necessary process of activating one of them and keep your account safe. Placing orders is also easy with MetaTrader 4, regardless of the device you use for trading.

You can set alerts and notifications through various methods. They can be either via platform pop-ups, email, or SMS. This includes things such as Forex commodities, indices, currency pairs, energies, stocks, metals, and cryptocurrency. Aside from that, we also discovered that it is possible to use CFD trading. So, you can pretty much speculate on the fluctuating costs without having to be the owner of the underlying asset. If you have enough knowledge of how CFDs work, as well as the risks that online trading comes with, you should not have any problem trading.

There are 11 indices, stocks, 31 cryptocurrencies, 55 Forex currency pairs such as minor, major, and exotic FX crosses, as well as 9 commodities that include precious metals and energies. However, MetaTrader 4 should already have the necessary tools that allow you to meet the needs of your average retail trader.

At Kot4X they are constantly offering the members of their kingdom new opportunities to make money and reach their financial objectives. Use it to trade and maximize your diversification, and profit opportunities. More details here. However, in order to be connected with customer support, we had to first complete a form on the website by sending them an email.

We found that email communication is your best option with Kot4x. The feature is only able to answer a few general questions. Without a phone number, you have to wait until someone from customer support sees your message and can reply. As a result, delay times will apply. It would be great if they could change this in the future to provide materials that could educate clients and thus help them with their trading endeavors. Kot4x has some good features and some advantages, but it is not a regulated broker, and this makes it very unsafe to use.

You can only use bitcoin trading, and there is no phone support option for people who need help urgently. Kot4X are an offshore broker located in St. Vincent and the Grenadines, they are currently not regulated by any regulatory authority. Most experts and professionals would not open an account with an unregulated broker as they cannot offer the same protection that a regulated broker can.

Click Deposits, and then type the amount you wish to send. Once done, you then need to click Proceed to the Payments Page. After you have been redirected, go to your Bitcoin BTC wallet send the funds to the Bitcoin BTC wallet address we give you directly. All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam.

We analyze more than data points across 8 key focus areas. Our reviews are a combination of data research and working alongside the brokers. For our Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on different variables and, in total, over , words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time live in person or over the web for an annual update meeting. All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0. Learn more about how we test. There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument.

Menu Best Brokers Trading Apps Reviews Crypto Scams Complaints. Customer Service. In addition, the trading conditions are bad. After the accounts team have verified your documents, you will be able to fund your account and commence trading online. They offer the user-friendly MetaTrader platform that is packed with robust trading tools. If you find out that you are unable to open an account with them for any reason, please feel free to browse our broker ratings for alternative options.

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