KOT4X Review

KOT4X is an online broker that provides traders with the user-friendly MetaTrader platform for trading online. The broker has a large variety of over 250 trading instruments including Forex, Stocks and 24/7 cryptocurrency trading. You can choose between different account types whilst they accept bitcoin deposits and withdrawals. We found the KOT4X trading conditions to be very competitive, with low spreads and commissions along with fast trade execution speeds. The customer support team are also very prompt, polite and helpful in their responses to any questions that you may have.

KOT4X Review, Pros & Cons
  • Easy to use MetaTrader 4 platform
  • Minimum $10 deposit
  • ECN STP broker model
  • Low commission fees
  • Tight spreads
  • Fast trade execution speeds
  • Variety of account types
  • Range of trading instruments
  • Bitcoin funding with 0% fees
  • Dedicated customer support
  • Unregulated broker
  • Inactivity fee
  • No Islamic friendly accounts

In this detailed KOT4X review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

KOT4X Overview

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 various markets. They provide a secure ECN trading environment and have around 250 trading instruments including 24/7 trading of cryptocurrencies.

KOT4X Features

KOT4X Features

KOT4X operate with an STP (Straight Through Processing) execution model. This means that when a KOT4X client places a trade, there should be no intervention from a dealing desk and thus no conflict of interest between trader and broker.

Every trade is placed in the KOT4X aggregator which can give the best prices available from some of the top-tier liquidity providers in the financial industry. This can also help to minimise re-quotes and ensure reliable trade execution speeds.

KOT4X Overview

KOT4X Overview

The broker has tight spreads and low commission fees, helping to save on trading costs.

KOT4X Regulation

KOT4X are an offshore broker located in St. 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.

KOT4X Countries

As they are located offshore and not regulated, KOT4X do not mention any countries where they cannot accept clients from. Some KOT4X broker features and products mentioned within this KOT4X review may not be available to traders from specific countries due to legal restrictions.

KOT4X Platforms

MetaTrader 4

KOT4X provide users 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.

KOT4X MetaTrader 4 Platforms

KOT4X MetaTrader 4 Platforms

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.

MT4 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 whereas the MT4 mobile app is useful for those who need to access their account and trade whilst on the go.

Some of the key MT4 features include:

  • Real time price quotes via the market watch window
  • User friendly & fully customisable interface
  • Supports multiple order types
  • Multiple chart types & time frames
  • Wide selection of technical indicators
  • Drawing objects for price analysis
  • Automated trading via expert advisors (EAs)
  • Strategy tester to back test EAs over historical data
  • MQL editor to develop customised indicators, scripts & EAs
  • Online community & marketplace to share ideas, signals & tools
  • Price alert notifications via email, SMS & platform pop-ups
  • Available on desktop, web & mobile devices

KOT4X Trading Tools

KOT4X do 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.

KOT4X Education

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.

KOT4X Instruments

KOT4X have a large selection of over 250  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.

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 should have a clear understanding of CFDs, how they work and the significant risks involved with online trading, whatever broker you are using.

  • 55 forex currency pairs including major, minor & exotic FX crosses
  • 8 indices
  • 9 commodities including precious metals & energies
  • 104 stocks
  • 31 cryptocurrencies

KOT4X Accounts & Fees

KOT4X offer 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 we have reviewed which require you to open a separate account for different trading conditions.

KOT4X Broker Account Types

KOT4X Broker Account Types

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.

Standard Pairs

  • Market execution
  • ECN STP trading model
  • Up to 1:500 leverage
  • Minimum 0.01 lots position size
  • Maximum 1000 lots position size
  • Forex, Indices, Commodities, Metals, Stocks, Cryptos
  • Minimum $50 deposit
  • Spreads from 0.8
  • Commission $7 per lot

PRO Pairs

  • Market execution
  • ECN STP trading model
  • Up to 1:500 leverage
  • Minimum 0.01 lots position size
  • Maximum 1000 lots position size
  • Forex, Indices, Commodities, Metals, Stocks, Cryptos
  • Minimum $500 deposit
  • Spreads from 0.4
  • Commission $7 per lot

VAR Pairs

  • Market execution
  • ECN STP trading model
  • Up to 1:500 leverage
  • Minimum 0.01 lots position size
  • Maximum 1000 lots position size
  • Forex, Indices, Commodities, Metals, Stocks, Cryptos
  • Minimum $250 deposit
  • Spreads from 1.2
  • Commission $0 per lot

Mini Pairs

  • Market execution
  • ECN STP trading model
  • Up to 1:500 leverage
  • Minimum 0.01 lots position size
  • Maximum 1000 lots position size
  • Forex
  • Minimum $25 deposit
  • Spreads from 1.0
  • Commission $1 per lot
KOT4X Account Types

KOT4X Account Types

Demo Accounts

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 1:500.

KOT4X Demo Account Sign Up

KOT4X Demo Account Sign Up

KOT4X Support

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.

KOT4X Deposit & Withdrawal

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.info.

The advantage of using bitcoin funding is that it makes it possible for buyers to complete their payments without divulging any sensitive financial information (like credit or debit card details) to the seller. Thus, they enjoy a certain degree of financial anonymity that some other payment options cannot. KOT4X have a guide that explains how to buy bitcoin using Coinbase for those who may not be familiar with how it works.

Whilst this may be useful for traders who are familiar with cryptocurrency, we would have preferred some additional funding options including online payment processors such as Skrill and PayPal. However, you can also make bitcoin deposits using your credit or debit Card, which is useful for those who may not be familiar with how bitcoin works.

There are no deposit or withdrawal fees from the brokers side. As broker fees can vary and change, there may be additional fees that are not listed in this KOT4X review. It is imperative to ensure that you check and understand all of the latest information before you open a KOT4X broker account for online trading.

KOT4X Account Opening

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. Once verified you can submit documents for verification such as a passport or drivers license for proof of identification and a utility bill or bank statement as proof of address. After the accounts team have verified your documents, you will be able to fund your account and commence trading online.

KOT4X Broker Sign Up

KOT4X Broker Sign Up

KOT4X FAQ

What is the KOT4X minimum deposit?

The minimum deposit required by KOT4X is just $10. This means that you can try out the brokers platforms with minimal investment, especially compared to some brokers who require a minimum deposit into the thousands.

How do I deposit money into KOT4X?

You can quickly and easily deposit funds into your KOT4X account with bitcoin or a credit/debit card. You just need to click on “Deposit Funds” from the left-hand side taskbar, select the wallet you wish to deposit into and the amount, then confirm the payment. Once the deposit reaches your account, you will need to do an Internal Transfer from your wallet to your MetaTrader account.

If depositing Bitcoin directly, you will see the address to send your Bitcoin to so you would need to insert this on your Bitcoin wallet provider site. Keep in mind that a new Bitcoin (BTC) address is created each time you create a deposit notification. Also, due to the digital currency protocols, transactions can neither be cancelled nor reversed once processed. Providing incorrect details may result in the permanent loss of funds.

For you to receive your funds, you are required to have 3-6 confirmations for your deposit to be processed. It would usually take 1-3 hours, depending on the Blockchain traffic however this can also take up to 24 hours, depending on the processing speed of the providers.

You may deposit funds into your account using an alternative 3rd party provider which lets you purchase Bitcoin using your Credit/Debit card and fund your account. If depositing via Debit/Credit Card (3rd Party Platform), you will be re-directed. Depending on which provider you choose, before the funds can be credited into your account, you would need to authorize or confirm the purchase. You can authorize the payment by going to your account on the 3rd party provider site and reviewing your payment request.

There are some very useful guides on how to make deposits into your account available on the brokers website. You can find them under the FAQ section.

What are the KOT4X deposit fees?

KOT4X charge 0% deposit fees but you may need to pay a blockchain and/or 3rd party provider fee.

How do I withdraw money from KOT4X?

KOT4X offer bitcoin withdrawals. You just need to click on “Withdraw” from the left-hand side taskbar, choose the wallet you want to withdraw the funds from, enter the amount and click on “Request Withdrawal”. You will then need to enter your bitcoin address and click “Withdraw”.

KOT4X aim to process withdrawal requests within 24 hours. The Blockchain network needs to confirm your withdrawal 3-6 times before you will receive your funds. This can take between 1-3 hours.

When depositing via bitcoin (BTC), you need to send the same amount back to your bitcoin wallet before you can make a withdrawal via another method. There is a minimum bitcoin withdrawal amount of $50 and credit/debit card minimum of $10.

Due to the digital currency protocols, once the transaction is processed it can neither be cancelled nor reversed. Providing incorrect details may result in the permanent loss of funds.

What are the KOT4X withdrawal fees?

KOT4X do not charge any withdrawal fees. However, blockchain network fees would apply when withdrawing via Bitcoin. This is a fee deducted from the blockchain network for transactions to be processed and is not deducted from KOT4X. Card payments may incur a 3rd party provider fee.

What is the KOT4X commission fee?

The KOT4X commission fee depends on your account type. They are generally very competitive. The commission fees per standard lot round turn are as follows:

  • Standard: $7
  • Pro: $7
  • Variable: $0
  • Mini: $1

Are there any KOT4X inactivity fees?

Yes, KOT4X clients will be charged a $10 inactivity fee or equivalent in alternative currency if they have not traded within the last 6 months.

What are the KOT4X account types?

KOT4X have four different pair types to suit different trading styles. The great thing is that they make it easy for you to trade on all different pair types in one account thus avoiding the need for different accounts with different conditions. You can access them all from within your MetaTrader account:

  • Standard pairs have a medium spread and $7 commission.
  • .pro pairs have low spreads with $7 commission.
  • .var pairs have no Commission and higher spreads.
  • .Mini pairs have smaller lot sizes (1 lot = 1,000) with $1 commission.

Is there a KOT4X demo account?

Yes, you can open a KOT4X demo account free of charge. The demo account can be a great way to work on your trading skills and learn how to use the KOT4X platform. With a demo trading account, you use virtual funds and therefore do not need to take on any risks. You can change your demo account balance at any time by contacting KOT4X support.

In order to sign up for a Demo Account, simply click on ”My accounts” on the left-hand side taskbar, then click on ”Create Account” on the top right. Once you have done this, you just need to select the account type then select “Leverage” and “Balance” and click on the ”Create account” button. You will then receive an email containing your login details.

What are the KOT4X spreads?

KOT4X offer variable spreads from as low as 0.4 pips on the pro account pairs. The spread is a fee that you pay which is the difference between a broker’s sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions.

What is the KOT4X leverage?

KOT4X leverage goes up to 1:500. Depending on the pair/instrument that you trade with, different leverage options may apply. Selecting “Leverage” when creating a MetaTrader account is only applicable to Forex markets (Max 1:500). The rest of the market have a fixed leverage as below:

  • Metals 1:200
  • Cryptos: 1:100
  • Stocks: 1:20
  • Indices: 1:200
  • Energies: 1:200

Leverage means you can have a small amount of capital in your account controlling a larger amount in the market. E.g. With 1:100 leverage you are effectively using $1 to hold $100 dollars. With 1:500 leverage, you would be able to hold $500 using $1. Whilst this can increase potential profits, it also increases risk. It is imperative that you have a clear understanding of leverage before trading with leveraged positions.

What are the KOT4X margin & stop-out levels?

KOT4X margin rules are the following:

  • Margin Call – 100%
  • Stop Out level – 70%

You can find your Margin Level on your MetaTrader platform. If you reach 100% you get a margin call and you are not able to open any trades.

If you reach 70% Margin or below, A Stop Out will occur at which MetaTrader will start to close the client’s open positions one by one to prevent further losses that lead to negative balance (below 0 USD).

Your biggest negative trades will be closed automatically to avoid running your account into a negative balance.

Do KOT4X allow hedging, scalping, news trading & expert advisors?

Yes. You are free to hedge, scalp and trade during news events. They also allow automated trading in MetaTrader with expert advisors.

Is there a KOT4X Islamic account?

Unfortunately, KOT4X do not currently offer swap-free accounts. They do state that they are planning to add them in the near future, so check back to see if they are available.

What are the KOT4X trading instruments?

KOT4X have a large variety of trading instruments including Forex, Cryptos, Stocks, Commodities, Metals and Indices. Whatever your interests, there is something for everyone to trade.

How do I open a KOT4X live account?

It is a quick and easy process to open a live KOT4X account using the application form on the KOT4X website. Click the “Sign Up” button in the top right corner. Complete the short and easy form, have a look through the terms and conditions and if you are happy with them click Sign Up at the bottom. You should then receive an email with a link to complete your registration

How do I verify my KOT4X account?

Before you can start trading on KOT4X, you will need to verify your account. This can be with a proof of identity (passport, drivers licenses, identity card, etc) and proof of address (bank statement or utility bill issued within the past 3 months., etc).

What is the KOT4X trading platform?

KOT4X offer the powerful and well-known MetaTrader 4 (MT4) platforms, for desktop, web and Android/iOS mobile devices. The MT4 platform is packed with tools and features to help ensure a smooth trading process.

Where can I download the KOT4X platform?

You can download the MetaTrader 4 desktop platform free of charge from the brokers website. There is also the MT4 web platform that runs directly in your web browser without needing to download or install any software. Furthermore, you can download the MetaTrader app from the KOT4X website or the relevant app store on your iOS or Android mobile device.

Where is KOT4X located?

KOT4X were founded in 2019 and are located in St. Vincent and the Grenadines, a popular destination for online brokerage firms.

Is KOT4X regulated?

Currently, KOT4X are not regulated. Although there is a lack of regulation, it does mean that KOT4X can offer some trading conditions that a regulated broker may not be able to, such as increased leverage.

What countries do KOT4X accept?

Whilst KOT4X welcome clients from around the globe, keep in mind that their services are not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

The following countries are restricted from trading online with KOT4X: Botswana, Burma, Congo, Cuba, Democratic Republic of Congo(DPRK), Democratic Republic of Congo(Republic of Zaire), Ethiopia, Iran, Iraq, Japan, Kenya, Lebanon, Libya, Malta, North Korea, Pakistan, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vietnam, Yemen, Zimbabwe

Is KOT4X a scam?

No, we do not believe KOT4X is a scam. They have been providing clients around the globe with competitive trading conditions since 2019.

How can I contact KOT4X support?

KOT4X customer support team can be reached via email, online chat and social media. They were quick to respond to the various questions that we asked them.

KOT4X Summary

KOT4X has a simple online trading service that includes the well-known and user-friendly MetaTrader platform along with a generous selection of trading instruments. The brokers trading conditions are very competitive, including tight spreads and low commissions fees. There is also a variety of account types to suit different trading styles, bitcoin funding and prompt customer support from our experience.

Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.

Min $10 Deposit

KOT4X provide over 250 instruments for trading online, including 24/7 Crypto trading. They offer the user-friendly MetaTrader platform with a variety of account types, tight spreads, low fees & rapid trade execution speeds.

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