KOT4X 2024 Broker Review
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Recommended?
- ForexBrokerTalk does not recommend this broker
Trust Level: Low
- Licensed and regulated by ASIC (AFSL number 001306672)
- In business since 2019
Popularity
31 people visited this broker using ForexBrokerTalk within the last 6 months
Introduction To KOT4X
Founded in 2019, KOT4X is one of the newer brokers to hit the market. Despite its relatively recent inception, the broker offers an attractive trading environment for forex traders -1:500 leverage, commissions starting at $1.00, and ECN accounts. Is there more than meets the eye under this attractive offering?
In December 2023, the broker suddenly moved away from offering the MetaTrader platforms and is now only offering the trading platform “Tradelocker”. It has been reported that KOT4X only gave traders a few days notice before the platform change. A sudden change from away from an industry standard platform on short notice, raises our concerns about operations and safety for clients.
In short; we do not recommend KOT4X at this time. The broker is both too new, and has already shown signs which question their operational longevity.
$10
Minimum Deposit
$7.00
FX Commission
(per lot)
Yes
Free Demo Account
No
Inactivity fee
Pros
ECN broker
Accepts Crypto deposits
Cons
Limited business history
Sudden change in platform
Review Video:
Coming soon!
KOT4X Quick Facts
Country Headquarters
Kingstown, Saint Vincent and the Grenadines
Instruments Offered
Forex, Metal, Stock Indices, Crypto
Base Account Currency
USD, EUR, GBP, CAD, AUD, BTC
Minimum Deposit
$10
Withdrawal Fee
$0
Account Verification Time
Instant
Deposit Options
Crypto Only
Accepts crypto deposit
Yes
Trading Platforms
TradeLocker
Demo Accounts
Yes
VPS Offered
No
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2.5 / 5
ForexBrokerTalk Final Score
We do not recommend KOT4X at this time. The broker is too new, and recent events has made us question operations.