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KOT4X – Kings of Transparency: Independent Review

KOT4x

KOT4X is a leading global online Forex, CFD, and crypto broker, offering clients in over 190 countries access to state-of-the-art trading platforms. We’ll be your trade’s shield and strengthen it with our weapon. Bitcoin, the first digital coin to gain widespread acceptance, is still the most widely used digital money today. However, the market value of alternatives has increased significantly, particularly Ethereum. KOT4X now supports Dash and Ripple, two cryptocurrencies swiftly rising to prominence worldwide.

KOT4X uses the STP (Straight Through Processing) methodology of processing. This ensures that the dealing desk at KOT4X will never try to influence a client’s trade. This also ensures that KOT4X’s clients are not competing and that no re-quotes are necessary. Every deal is executed in the KOT4X aggregator for the best possible price. These transactions are sourced from leading liquidity sources in the financial sector.

It launched in 2018, making it a relative newcomer. Its stated mission is to provide traders worldwide with state-of-the-art tools to participate in global market transactions.

The broker allows bitcoin trading around the clock and has 250 other trading products. You may fund your account with bitcoin alone, even though they provide many account kinds and trading tools. Although they provide some conveniences, this does not compensate for their deficiencies in other areas. Arguments for and against are simple to discover. So, read on as we give you the lowdown on this broker!

Kot4x Ltd. is the official owner and provider of Kot4X. However, no contact information is provided (either a phone number or an actual location). There is only an email address given as a means of contact. This, again, has a shady feel about it. St. Vincent is a well-known offshore zone often used by unregulated brokers or brokers seeking to provide significant leverage and trading bonuses.

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KOT4X provides a contract for differences (CFDs) trading option to speculate on price movements without actually holding the underlying asset. You can speculate on an asset’s price movement by either buying or selling it. Profit or loss on a CFD is the difference between the opening and closing prices, net of brokerage costs.

When trading on KOT4X, you can use leverage, which allows you to take on more significant positions than your available funds would otherwise permit. That raises the stakes for both profit and loss. Whatever broker you choose, you should educate yourself well on CFD trading, its operation, and the hazards involved. Read also about Kot4x compare review with Hugosway.

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KOT4X – Kings of Transparency Features & Services 

Languages & Licenses

In 2018, an offshore broker joined the market. Located on the islands of Saint Vincent and the Grenadines. Kot4x lacks authoritative oversight. Therefore its safety features remain hazy.

The website also emphasizes keeping customers’ money and information secure. Their word is all you have to go on here. Users must feel comfortable with the site to provide sensitive information and financial resources.

Kot4x does not allow trading from all countries because of local regulations and compliance restrictions. Customers in countries where we must comply with local laws cannot purchase our products or use our services.

Account types

Trading accounts at KOT4x Broker, where you may open a forex account, function similarly to regular bank accounts but are granted expressly for trading currencies. Swap-free or Forex Islamic accounts are available to those who follow the Islamic faith and require no swap or rollover interest on overnight holdings.

KOT4x Broker has four distinct trading accounts: PRO Pairs, VAR Pairs, Standard Pairs, and Mini Pairs. Each account type is tailored to a specific trader and features a unique commission structure and spread.

Tradable Assets & Securities 

The variety of investable assets is about par for the course. According to the most recent data, there are a total of 55 different currencies (including majors, minors, and exotic pairings), 104 of the most well-known and successful American stocks, 31 different cryptocurrency pairs, and 8 different indexes (including the NASDAQ, US500, and FTSE100).

However, the +200 assets available will be plenty for inexperienced traders who want to trade on a few popular instruments.

Leverage Standard Pairs PRO Pairs VAR Pairs MINI Pairs
Forex 1-500 55 pairs 55 pairs 55 pairs 29 pairs
Indices 1-200 11 11 11 0
Stocks 1-20 105 105 105 0
Cryptos 1-100 31 31 31 0
Metals & Energy 1-200 9 9 9 0

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Fees, Costs & Spreads

KOT4x Broker clients may encounter varied price structures based on their nation of residency and cost variables such as spread and margins.

Spreads at KOT4x Broker start at 0.4 pips. Each KOT4x account is subject to the following minimum average spreads:

Deposits & Withdrawals & Funds Security

This broker accepts only Bitcoin deposits. You may use a credit card to purchase Bitcoins, which you can then send to the recipient’s Bitcoin wallet. The fraud protection offered by your credit card company does not apply to purchases made with Bitcoin.

Typically, withdrawals can be made in the same methods, but this is not always the case. Regarding KOT4x Broker, the minimum deposit is $10, and the maximum is entirely up to you.

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Payment options include Bitcoin, Litecoin, Ethereum, Ripple, USDT, Dogecoin, and Debit/Credit Card (through Various 3rd Party Platforms). In the latter scenario, deposits must be a minimum of $25 or $50.

There are no fees charged when using a credit card (via a number of different third-party platforms), cryptocurrencies, or Bitcoin. There would be Bitcoin network fees if you deposited that way.

KOT4x promises to handle withdrawal requests in less than 24 hours. It might take an hour to three hours for Bitcoin withdrawals to clear the Blockchain and reach your wallet.

Customer account funds are segregated from the company’s general funds. With this system in place, it’s simple to tell whose cash is whose. This safeguards the company’s assets since they can’t be utilized to settle debts in the unfortunate event that KOT4X goes out of business.

Using two-factor authentication for all user accounts is a nice touch that helps keep the site secure. Two-factor authentication is highly recommended and can be set up in minutes. You may use the mobile client to send and receive text or app messages to do this. Once you’ve signed in using your username and password, you’ll see a code on your phone’s screen that you may copy.

Education

Presently, the broker’s website does not have any instructional content. Even though it would be fantastic if they provided newcomers with learning tools like trading tips and videos, there is already a wealth of knowledge available online, including on this very page.

The broker’s simulated trading accounts are a valuable tool for learning the ropes of the trading platform and becoming comfortable with different trading tactics before putting real money on the line. Before venturing into the market, most traders would have practiced their skills on a demo account.

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Customer Support

Traders in the making should make sure their potential broker has 24/7 help available. KOT4x Broker’s customer service team is available via a live chatbot that operates around the clock. Although it is possible to contact the KOT4X support staff, the broker relies on a chatbot to field the most frequently asked queries regarding the platform’s capabilities. Fill out a form on their website’s “contact us” page.

Pros & Cons

Pros
  • A good choice of trading instruments
  • User-friendly trading platform & apps
  • Multiple account types
  • 24/7 crypto trading
  • Good customer support
Cons
  • Non Regulated
  • No swap-free accounts
  • Lak of educational materials
  • Funding via crypto only

KOT4X –  Kings of Transparency Trading Platform Overview

KOT4X offers its customers the widely-used MetaTrader 4 (MT4) trading platform. With its fully-customizable and straightforward layout, MT4 is usually considered the most user-friendly online trading platform, making it a favorite option among newbies. A wide variety of cutting-edge trading tools are already included in the platform to meet the demands of seasoned investors.

The MT4 platform, created by the software firm MetaQuotes, is widely used by the forex and CFD trading communities. Most brokers utilize it, and it’s free to use. MetaQuotes, which has been around since 2000, is highly regarded as a frontrunner among companies that provide software for financial institutions, including brokerages, banks, and exchanges. The corporation maintains overseas representation in a wide variety of nations.

A significant turning point for the firm came in 2005 when the brand-new MetaTrader 4 platform was introduced. This was an all-new platform, built from the ground up with the help of the modern MQL4 programming language. New and improved features for creating, testing, and improving trading robots were available in MetaTrader 4. This fourth-generation technology is what opened up algorithmic trading to thousands of traders throughout the globe. MetaTrader 4 soon became the industry standard for foreign exchange trading, giving millions of investors a dependable platform to conduct their businesses.

The MetaTrader 4 (MT4) platform includes a desktop program for Windows and Mac computers, a web trading terminal, and mobile trading apps for iOS and Android.

Technical Trading Tools

From a purely technical standpoint, traders may download additional technical indicators and include them in the charts to extract market information or trading tips. In terms of visual appeal, the trader may alter the default color scheme and select from various chart types, including Japanese candlesticks, bars, and line graphs. Several order types are supported, including immediate, pending, and limit orders, and there are nine chart periods to select from. A price alert may be programmed to send you an email or text message when the price reaches your chosen threshold. These notifications can be shown as in-app prompts, text messages, or even emailed to the user.

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Autochartist and Trading Central are two trading tools that KOT4X does not offer. However, the platforms come equipped with several helpful features that may be used for market analysis and trading. Furthermore, the MQL marketplace has a plethora of valuable add-ons, both free and premium that may be downloaded directly from the platforms themselves.

Our Independent View

KOT4X is a reliable online broker that provides traders worldwide access to a wide variety of trading products and services. Their spreads begin at 0.0 pips, and their commission rates are among the lowest in the industry.

Due to their usage of STP execution, they can offer some of the most competitive rates in the industry alongside consistently fast execution times. You may trade over 250 financial products across ten asset types on the streamlined MT4 platform. The broker allows for the use of bitcoin in depositing and withdrawing funds. Many account kinds are available to accommodate varied trading preferences. The broker will eventually incorporate more learning resources and payment methods. They also do not provide an Islamic swap-free account at this moment.

FAQs

Does KOT4X - Kings of Transparency user-friendly?

It is also worth noting that KOT4X's website is quite simple to navigate, and it features a comprehensive Frequently Asked Questions (FAQ) section where traders can get answers to any further questions. The FAQ covers a wide range of topics, from getting started and general inquiries to utilizing MT4 as a platform, and it contains over 120 entries.

Does KOT4X - Kings of Transparency offer leverage?

The highest leverage that may be used for Forex is 1:500; however, it cannot be adjusted for any other CFDs. If your current broker does not let you adjust your leverage up to a maximum, you might want to look into switching.

Does the Kings of Transparency offer a demo account?

Suppose you are interested in testing out KOT4X's brokerage service. In that case, you can open a demo account and practice trading with virtual funds. The trial account you create is risk-free and allows you to use the leverage of up to 1:500.

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