Rating Index
Pros
Low minimum deposit requirement of $10, making it accessible for new traders.
Offers a wide range of trading instruments, including forex, cryptocurrencies, stocks, and commodities.
Competitive trading conditions with high leverage options of up to 1:500.
Cons
Not regulated by a tier-1 authority, which may raise concerns about security and investor protection.
Limited customer support options, as there is no live chat with operators and responses can take 1-3 days via email.
Lack of educational resources and trading tools on the platform, which may be challenging for novice traders.
KOT4X broker Accounts
KOT4X Account Type
KOT4X offers four different account types, each designed to cater to various trading preferences and strategies:
- Mini Pairs Account:
- Minimum Deposit: $25
- Commission: $1 per lot
- Spreads: Start from 1.0 pips
- Suitable for beginners, allowing trading in 29 currency pairs.
- Standard Pairs Account:
- Minimum Deposit: $50
- Commission: $7 per lot
- Spreads: Start from 0.8 pips
- Provides access to a broader range of assets, including currency pairs, stocks, indices, commodities, metals, and cryptocurrencies.
- Var Pairs Account:
- Minimum Deposit: $250
- Commission: None (no commission trading)
- Spreads: Start from 1.2 pips
- Designed for more experienced traders preferring direct market access.
- Pro Pairs Account:
- Minimum Deposit: $500
- Commission: $7 per lot
- Spreads: Start from 0.4 pips
- Tailored for professional traders, offering precise trading conditions for high-volume trading.
KOT4X Broker Account Opening Process
To open an account with KOT4X, follow these steps:
- Visit the KOT4X official website and click on the “Sign Up” button located at the top right corner.
- Fill out the registration form with your personal information, including your first name, last name, and email address, and set a password.
- Confirm your email address by clicking on the link sent to your email.
- Provide additional details such as your phone number, date of birth, gender, and residential address including zip code.
- Choose the currency for your account transactions.
- Enable two-factor authentication (2FA) for added security.
- Decide between setting up a demo account for practice trading or a real account for live trading.
- Complete the account creation process and fund your account to start trading.
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