What Is Kot4X? from buzai232's blog

Kot4x is an unregulated broker known to allow people to trade CFDs online using the MetaTrader platform.To get more news about kot4x, you can visit wikifx.com official website.

KOT4, also known as the King of Transparency, is an offshore broker, and it’s not exactly an old one. In fact, it only opened in 2018, so it is relatively new and aims to provide traders across the globe with cutting-edge technology to trade the world’s markets.

The broker has 250 trading instruments, including 24/7 cryptocurrency trading. Despite the wide variety when it comes to the types of accounts and trading instruments, they only accept bitcoin funding. They do offer a few things, but that doesn’t mean they aren’t lacking in certain areas. 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. There isn’t any phone number or physical address listed for this, though. 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.

Is Kot4X A Good Broker?
As mentioned earlier, the broker is an offshore one and it was opened in 2018. It is located in St.
Vincent and the Grenadines. In terms of safety, things are not that clear with Kot4x because it isn’t regulated by any authority. 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.
At the same time, the website talks about how they are very careful when it comes to the safety and security of their clients’ funds, as well as personal information. You can only take their word for it. At the end of the day, it’s up to the clients whether they trust the site with personal information and funds or not.
As for where the website is available, there are some countries restricted from trading with Kot4x. For instance, people from Burma, Bahamas, Botswana, Cuba, Congo, Cambodia, Iran, Syria, Panama, Iraq, Lebanon, Pakistan, North Korea, Libya, Japan, Ghana, Somalia, Sudan, Trinidad & Tobago, Yemen, Vietnam, Tunisia, Zimbabwe, Malta, and Ethiopia are restricted. Products and features are not available to clients from countries with legal restrictions in place.
What we noticed when it comes to Kot4x is that there are multiple types of accounts and that they all come with their own fees.
In fact, three of the four types come with fees. The Standard and the Pro account have a $7 fee per lot, whereas the Mini account has a $1 per lot fee. 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.

But they do offer details on another fee, respectively an inactivity fee of $10 or equivalent in an alternative currency if you haven’t traded within the last 6 months. So, if you want to trade with them, you need to make sure you’re not inactive for too long or you’ll start being charged.