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/10
The WikiFX Score of this broker is reduced because of too many complaints!

KOT4X

Saint Vincent and the Grenadines|5-10 years|
Appointed Representative(AR)|White label MT4|Global Business|Medium potential risk|

https://kot4x.com

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

KOT-Live4

Singapore
MT4
28

Influence

A

Influence index NO.1

United States 8.30
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

White Label

28
Server Name
KOT-Live4 MT4
Server Location Singapore

Influence

Influence

A

Influence index NO.1

United States 8.30

Surpassed 54.65% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@kot4x.com
https://kot4x.com
Suite 305, Griffith Corporate Centre, Beachmont, Kingston, St Vincent and the Grenadines
https://www.instagram.com/kot4x/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Broker Information

More

Company Name

KOT4X Ltd.

Company Abbreviation

KOT4X

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-06-24
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

KOT4X · WikiFX Survey

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KOT4X · Company Summary

Company Summary

Company profile

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation unregulated
Market Instrument Forex, indices, commodities, stocks, and cryptocurrencies
Account Type Standard, Pro, VAR, and Mini
Demo Account yes
Maximum Leverage 1:500
Spread Vary on the account type
Commission Vary on the account type
Trading Platform MT4
Minimum Deposit $25
Deposit & Withdrawal Method Bitcoin, wire transfer, credit/debit cards

KOT4X, a trading name of KOT4X Ltd., is a crypto and forex broker registered in Saint Vincent and the Grenadines that aims to provide investors with 250+ instruments with flexible leverage up to 1:500 and floating spreads from 0.4 pips on the MT4 trading platforms via four different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:

home page
General Information & Regulation

Note: The screenshot date is January 17, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

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.

Market Instruments

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.

Account Types

Apart from demo accounts, KOT4X offers four live account types: Standard Accounts, Pro Accounts, VAR Accounts, and Mini Accounts, with minimum initial deposit requirements of $50, $500, $250, and $25 respectively.

Account Types

Leverage

KOT4X offers flexible leverage from 1:100 to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Spreads and commissions with KOT4X are scaled with the accounts offered. 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 VAR Account start at 1.2 pips and no trading commission. Mini Account spreads start at 1.0 pips, and the trading commission is $1 per lot.

Trading Platform

KOT4X offers traders the MT4 trading platform and MT4 Desktop, MT4 Web, MT4 iOS, and MT4 Android to meet a wide range of clients 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. The minimum initial deposit requirement is said to be just $10. There is a 5% fee for deposits via credit/debit card.

Customer Support

KOT4X‘s customer support can be reached by email: support@kot4x.com, request a callback or send messages online to get in touch. You can also follow this broker on social networks such as Instagram and LinkedIn. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple trading assets • Unregulated
• Demo and Mini accounts offered
• Low minimum deposit ($25)
• MT4 supported

Frequently Asked Questions (FAQs)

Q 1: Is KOT4X regulated?
A 1: No. It has been verified that KOT4X currently has no valid regulation.
Q 2: At KOT4X, are there any regional restrictions for traders?
A 2: Yes. Restricted Countries include, but are not limited to, individuals residing in:Afghanistan, Botswana, Burma (Myanmar), Democratic Republic of Congo, Crimea, Cuba, Ethiopia, Iran, Iraq, Japan, Kenya, Lebanon, Libya, Malta, North Korea, Pakistan, Republic of the Congo, Russian Federation, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vietnam, Yemen, Zimbabwe.
Q 3: Does KOT4X offer demo accounts?
A 3: Yes.
Q 4: Does KOT4X offer the industry-standard MT4 & MT5?
A 4: Yes. KOT4X supports MT4.
Q 5: What is the minimum deposit for KOT4X
A 5: The minimum initial deposit at KOT4X to open a Mini account is $25.
Q 6: Does KOT4X charge a fee?
A 6: KOT4X charges a 5% fee for deposits via credit/debit card.
Q 7: Is KOT4X a good broker for beginners?
A 7: No. KOT4X is not a good choice for beginners. It advertises very well though, it lacks legitimate regulations.

News

KOT4X, Hugo's Way and Sway Markets Are Moving Out From MetaTrader Trading Platform

ExposureKOT4X, Hugo's Way and Sway Markets Are Moving Out From MetaTrader Trading Platform

2023-12-12 10:13

Explore how KOT4X, Hugo's Way, and Sway Markets are moving out from MetaTrader and revolutionizing online trading with platforms like Trade-Locker, TickTrader, and Sway Charts, setting new industry standards.

WikiFX
2023-12-12 10:13
Exposure
KOT4X, Hugo's Way and Sway Markets Are Moving Out From MetaTrader Trading Platform
Breaking: KOT4X and Hugo’s Way moved their trading platforms from MT4 to others.

ExposureBreaking: KOT4X and Hugo’s Way moved their trading platforms from MT4 to others.

2023-11-22 15:19

KOT4X and Hugo’s Way, two forex brokers, have removed their trading platforms from the popular MT4 to trade-locker and TickTrader, respectively. What does it mean for you?

WikiFX
2023-11-22 15:19
Exposure
Breaking: KOT4X and Hugo’s Way moved their trading platforms from MT4 to others.
KOT4X Exaggerated Guaranteed Profit - Legit or a Trap?

ExposureKOT4X Exaggerated Guaranteed Profit - Legit or a Trap?

2023-11-14 17:23

Is Weekend Special Promo of KOT4X's Guaranteed Profit Offer Legit or a Scam? Uncover the truth about exaggerated promises, regulatory discrepancies, and negative reviews in the world of online trading.

WikiFX
2023-11-14 17:23
Exposure
KOT4X Exaggerated Guaranteed Profit - Legit or a Trap?
STRUCTURE OF THE FOREX MARKET

NewsSTRUCTURE OF THE FOREX MARKET

2022-05-02 12:00

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.

WikiFX
2022-05-02 12:00
News
STRUCTURE OF THE FOREX MARKET

User Reviews

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6

Comments

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FX1525691881
more than one year
I was initially drawn in by their user-friendly account-opening procedures, but soon after I was faced with questionable regulatory transparency. Finding detailed documentation was like hunting for a needle in a haystack, which is troublesome for anyone negotiating the landscape of forex trading. The trading platform's performance leaves much to be desired, with sporadic freezing and lagging issues. This has led to unwelcome slippage and incurable headaches for me, impacting my trading strategies gravely. Adding to the list is their frustratingly wide spreads, which eat into any possible profit margins, and high commissions. More often than not, I was left feeling like I was fighting against a tide, and not just the forex market.
2023-12-04 16:32
Reply
0
0
小如改名叫昀泽r
more than one year
I really appreciate KOT4X’s customer service. They respond quickly and help you with my problems, very understanding. But the withdrawals can enter a little bit faster.
2023-03-01 10:13
Reply
0
0
王1753
more than one year
I doubt that the price chart is manipulated. They artificially move the prices at the exact point, so you get stopped. Don't let your money fall into these scammers' hands.
2023-02-16 18:34
Reply
0
0
吕合金
more than one year
Very bad platform. Although their pages look professional, they are not really worth investing in as they do not have a strong regulatory license. This means that they have no restrictions and can steal your money at any time.
2022-11-28 18:04
Reply
0
0
黎明的曙光,
more than one year
Have difficulty in withdrawals. I just can’t understand why deposits are so fast while withdrawals are so slow. And the customer service replies are too slow...they aren’t professional at all.
2022-11-27 13:37
Reply
0
0
量化
more than one year
The whole thing was a horrible experience for me. The withdrawal request I sent was ignored, and customer service took an extremely long time to respond to. While making a deposit is simple, withdrawing funds is a major hassle. Even when I informed them that the sizes of their positions were inaccurate, they did nothing to correct the situation. The correct price for a 0.10 position size is $1, not $10!
2022-11-26 12:09
Reply
0
0
4
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United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
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