No valid regulatory information
Please be aware of the risk!
No restriction on the broker account. Provide service support by WikiFX
It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
Many clients have complained that they were scammed in various ways by this broker. Stay away.
The Forex market is a textbook example of a perfect market built by humans. A market is defined as any location where buyers and sellers come together. When there are numerous buyers and sellers, and they are all aware of who has the best prices, perfect competition is accomplished. Consider ordering your favorite pizza for the greatest price and having it delivered in less than a second. That is what the forex trading market is capable of, despite the fact that it solely deals with currency exchange.
In my last article I gave an insiders perspective on two signals groups and also a not so attractive broker of which I personally invested money in the form of a joining fee and trading capital and actively traded the live markets using these below average services, if you have read my last article why I refer to this endeavor as below average, unprofitable and super frustrating.
If you utilize a spread-betting platform, trading gold is similar to trading forex. A gold trading strategy may include fundamental, emotive, and technical research. Advanced gold traders understand that the yellow metal is valued in US dollars and will factor this into their gold analysis.
Are you thinking of your loss in forex and don’t know the type of forex strategy that you want to use? Are you on the lookout for the perfect one? We've compiled a list of the most effective trading techniques for you! Read the short descriptions of each one and pick which one best fits you.
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Basic Information & Regulator of KOT4X
KOT4X is a forex and CFD provider that aims to provide investors with a secure ECN trading environment. KOT4X is partnered with top exchanges to provide clients with 24/7 customer service. KOT4X is currently not subject to any active regulation.
Safety Analysis of KOT4X
The most important criterion to measure the safety of a forex platform is whether it is formally regulated. KOT4X currently does not hold a license authorized by any regulatory body, so it is a forex trading platform full of risks. Investors should be careful to avoid KOT4X as a trader to prevent loss of funds.
Traders can trade major currency pairs, cross-currency pairs, odd currency pairs, cryptocurrencies, indices, gold, silver, and other metals, stocks, and futures through the KOT4X brokerage firm.
Leverage & Accounts
KOT4X offers four account types: Standard Accounts, Pro Accounts, Variable Accounts, and Mini Accounts. The maximum trading leverage for all accounts is up to 1:500.
Spreads & Commission Fees of KOT4X
KOT4X Standard Account has a spread of 0.8 pips and a commission of $7 per lot. Spreads on Pro Accounts start from 0.4 pips, and the trading commission is $7 per lot. Spreads on Variable Account start at 0 pips and no trading commission. Mini Account spreads start at 1.0 pips, and the trading commission is $1 per lot.
Trading Platform Applied of KOT4X
KOT4X offers traders the MT4 trading platform and MT4 Desktop, MT4 Web, MT4 iOS, and MT4 Android to meet a wide range of client's needs. MT4 is an ideal forex trading platform available, with robust charting and data analysis tools that help traders develop trading strategies that suit their needs and allow them to have a good trading experience.
Deposit & Withdrawal
Traders can deposit or withdraw funds to or from their KOT4X account via Bitcoin, wire transfer, credit/debit cards, etc. There is a 5% fee for deposits made e-payment via credit/debit card.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.