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].

For complaints and issues with withdrawing your money, read this. Today you will find many multi level marketing scams online, and most people end up losing their money. When you see that they hold a valid license from your governments financial regulator, you can be sure that they are a legitimate broker.

There are so many Forex brokers to compare and choose from online, just look here. 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. 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. The broker has a handy 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. If you would prefer bank or card payments, FXChoice support these. There are no deposit or withdrawal fees from the brokers side which is great. Just make sure you check the blockchain fee in advance. As we are still in the early days of cryptos, I often find the blockchain fee can be quite high.

There was an instance when I wanted to make a deposit with Crypto Rocket but the blockchain fee was worth more than my deposit! I am really impressed with many aspects of KOT4X. I like how they provide you with 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 my experience. They may not be regulated but they can provide trading services, products and the convenience that a regulated broker may not be able to. I have been with them for a while now and never ran into any problems. They offer the user-friendly MetaTrader platform that is packed with robust trading tools.

You can get access to a variety of account types, tight spreads, low fees and rapid trade execution speeds. Richard Montana Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process. Home Online Broker Reviews KOT4X Review. Overview Headquarters: St. KOT4X Review Richard Montana August 18, Table of Contents. Visit Broker Visit Broker. MetaTrader 4 Platforms.

MT4 Mobile Trading App. About the Author. Review Methodology For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This site uses cookies to improve your user experience.

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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 investing with KOT4X brokers, please share your experience in the comments section below. For complaints and withdrawal problems, read this. Day Traders and Investors at KOT4X are given the popular Forex trading app known as MT4 or MetaTrader 4. You will be able to create multiple demo accounts to test out their trading platforms and your trading strategies.

Depositing to this broker is done via Bitcoin Only. Basically, when using a credit card, you are buying Bitcoins, which you will then transfer to their Bitcoin wallet. It is important to know, that Bitcoin transactions are not covered by your credit cards fraud protection. 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]. For complaints and issues with withdrawing your money, read this. Today you will find many multi level marketing scams online, and most people end up losing their money. When you see that they hold a valid license from your governments financial regulator, you can be sure that they are a legitimate broker.

There are so many Forex brokers to compare and choose from online, just look here. M1 Finance is a fast growing SEC regulated broker that offers a unique Robo Advisor system, read more. Register here for a Free Demo Account. Menu Best Brokers Trading Apps Reviews Crypto Scams Complaints.

KOT4X Broker Reviews. Read Comments.

I am really impressed with many aspects of KOT4X. If you are old school, gold and silver is available to trade with favourable conditions and no need to physically own the underlying asset. Richard Montana Richard has many years of experience in broker research, testing, analysis and reviews. The primary differences between each of the account types are the spreads and commissions. Register here for a Free Demo Account. It is free to open and comes preloaded with virtual funds so that you can experiment with your trading strategies without any risk.

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