KOT4X Review,What is Kot4x?
The minimum deposit of Kot4X is $ However, if you wish to trade more instruments the minimum deposit goes up to $ How Long Does Kot4X Take To Deposit? It usually takes 1 06/03/ · Recommended Kot4x minimum deposit by the broker is $50 for Standard account, $ for Pro accounts, $ for VAR accounts, $25 for MINI accounts. The Mini type accounts 15/08/ · KOT forex traders can choose from over trading instruments including forex, Stock, Indicies, Commodities and Cryptocurrencies available as CFDs. Please read Kot4 KOT4Xor King of Transparency is a fairly young unregulated CFD broker which was established in Customers can use this to trade in contracts for differences with forex and 18/08/ · Kings of Transparency (KOT4X) is an online Forex, Crypto and CFD broker that provides thousands of traders all around the world with cutting-edge technology to trade ... read more
The customer also hereby confirms that these funds are free of any liens or debts, are clean and non-criminal in origin and do not originate from the United States of America or any country on the Office of Foreign Assets Control OFAC List.
This means, that Americas should NOT deposit money at this broker. It is interesting that on the forums, we hear about Americans trading with this brokerage firm. Did you try a licensed broker? Look here! No, KOT4X is not a licensed or regulated broker. Forex brokers in the United States must be licensed and regulated by the CFTC, otherwise your cash is not protected. Officially they are owned and operated by KOT4X Ltd, and located on the Caribbean island of Saint Vincent and the Grenadines.
There is no street address or listed phone number for them, however the customer support email is: [email protected]. 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.
This can increase potential profit but also increases the potential loss. You should have a clear understanding of CFD trading, how it works and the significant risks involved, whatever broker you are using.
KOT4X give you a generous choice of 4 types of MT4 trading accounts which are the Standard Pairs, PRO Pairs, VAR Pairs and MINI Pairs accounts. The primary differences between each of the account types are the spreads and commissions. The great thing is that you get one account that allows you to access all the different pairs.
This is a unique feature that sets them apart from the majority of other brokers that I have reviewed which require you to open a separate account for different trading conditions. Those who have trading strategies that rely on the lowest spread possible may consider the PRO Pairs account which has the tightest spreads and a commission fee on top.
If your trading strategy is not spread dependant then the VAR Pairs account has a spread mark-up but no commission. KOT4X do offer demo accounts if you would like to try your trading strategies with virtual funds and test out their brokerage service. You can open a demo account with an unlimited amount of funds and choose leverage of up to I always like to test a broker on a demo account to begin with just to make sure they have suitable conditions for my trading strategies.
It is quick and easy to open an online trading account with KOT4X. There is a short form to complete on the brokers website after which you will need to verify your email address. After the accounts team have verified your documents, you will be able to fund your account and commence trading online.
I managed to complete the application and login to my account within minutes. You can get in touch with the KOT4X dedicated customer support team directly by completing the form on the brokers website or by sending them an email. They also have an online chat function that is automated and can provide answers to some general questions.
I have always received excellent support from them and find them really quick to respond. They have always been available when I have had a question.
KOT4X accept bitcoin BTC for making deposits and withdrawals. Clients can send any amount instantly without any trouble or hassle of dealing with banks, then simply transfer from your wallet to any of your trading accounts and start trading online.
You can withdraw from your account by requesting a withdrawal in your back office and KOT4X will process it for you within 48 hours. You can track your deposits and withdrawals on Blockchain.
They are one of a select few brokers that currently support crypto funding, along with the likes of Hugos Way and Hankotrade. 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.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Learn more at Wikipedia. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.
Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time. Kot4x Review VISIT BROKER. Forex Brokers. Top 5 Forex Brokers. BlackBull Markets. Top 5 Forex Signal Providers. Table of Contents.
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.
Kot4x Review 2022,LEGAL INFORMATION
06/03/ · Recommended Kot4x minimum deposit by the broker is $50 for Standard account, $ for Pro accounts, $ for VAR accounts, $25 for MINI accounts. The Mini type accounts 08/03/ · March 8, KOT4X is an offshore Forex broker, that opened in October They primarily work with new investors, who are part of the IM Academy. If you are currently Pair KOT4X Spreads Fair Forex Spreads GBPUSD pips pips EURUSD pips pips USDJPY pips pips AUDUSD pips pips USDCAD pips pips XAUUSD The minimum deposit of Kot4X is $ However, if you wish to trade more instruments the minimum deposit goes up to $ How Long Does Kot4X Take To Deposit? It usually takes 1 15/08/ · KOT forex traders can choose from over trading instruments including forex, Stock, Indicies, Commodities and Cryptocurrencies available as CFDs. Please read Kot4 KOT4Xor King of Transparency is a fairly young unregulated CFD broker which was established in Customers can use this to trade in contracts for differences with forex and ... read more
It is mandatory to procure user consent prior to running these cookies on your website. KOT4X are an offshore broker located in St. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. As mentioned, you can choose from four different types of accounts. It is great how the web platform is always up to date but unfortunate it does not support the automated trading feature.
Minor Outlying Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City State Vietnam Virgin Islands British Virgin Islands U, kot4x forex. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, kot4x forex, kot4x forex. You can find all information about Kot4x broker and required minimum deposit. What Trading Platforms Do KOT4X Offer Traders? Open Live Account. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Demo accounts allow clients to try out trading strategies kot4x forex virtual funds and thus test out the service before committing to a full account.