KOT4x Broker review - Regulations, Platforms, Instruments, and Ratings.
1.415 •
16 REVIEWS
Updated: Sep 22, 2023
•
KOT4X.com
1 star review by Mike, USA
I traded with Kot4x for over a year and had tons of issues with them! The slippage on us 30 is crazy one time I was up with a stop loss at 900 and they ended up taking me out at 100$
Every time I take a trade they put me in like 10-pips above or below actual price and I feel like they scam me all day
Every time I take a trade they put me in like 10-pips above or below actual price and I feel like they scam me all day
What is KOT4X ?
KOT4X is a broker established in 2019. KOT 4 is not regulated and accepts only Bitcoin account funding and withdrawals.
Kings of Transparency- KOT broker sole trading platform is MT4 offered as desktop, mobile, and web versions.
KOT forex traders can choose from over 250 trading instruments including forex, Stock, Indicies, Commodities and Cryptocurrencies available as CFDs.
Please read Kot4 Reviews below and share live trading experiences with this broker.
Broker Details
| Minimum Trade Size: | 0.01 |
|---|
| Maximum Leverage: | 500:1 |
|---|
| Minimum to Open Live: | $10 |
|---|
| Established: | 2019 |
|---|---|
| Address: | The Financial Services Centre, Stoney Ground, Kingstown, Saint Vincent And Grenadines |
| Contact: | support@kot4x.com |
| Regional offices: | |
| Regulators: | |
| Prohibited countries: |
| Trading platforms: | MT4, WebTrader |
|---|
| Web Trading: | ✅ Yes |
|---|---|
| Mobile Trading: | ✅ Yes |
| ECN: | ✅ Yes |
| Currencies: | (50+) |
|---|---|
| Cryptocurrencies: | (10+) Bitcoin, Litecoin, Ethereum |
| CFD: | (60+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
|
| EAs/Robots: | ✅ Yes |
|---|---|
| News Trading: | ✅ Yes |
| Scalping: | ✅ Yes |
| Deposit Methods: | Bitcoin, Instacoins |
|---|
| Withdrawal Methods: | Bitcoin |
|---|
1.415 •
16 REVIEWS
Recent User Reviews of KOT4X
Zipzap
Las Vegas , USA,
Jul 20, 2023,
Registered user
Market manipulation
Service use: Live
Length of use: over 1 Year
I’ve traded this broker for three years and kept getting stopped out by hiting my stop my almost to a tee. I know it’s not a coincidence. I changed brokers for like 3 months and those 3 months I was profitable. That broker no longer supported mt5 or mt4 so I switched back to Kot4x and again. I’m getting stopped out almost perfectly touching my stoploss. As soon as I place my trade it shoots the opposite way to my stop loss then returns going back
NlmTrading
Usa, USA,
Feb 18, 2023,
Registered user
KOT4X Review
Service use: Live
Length of use: over 1 Year
I have to be honest. Never once in the 2 years have i ever had issues depositing or withdrawing. But, slippage? Manipulation? Terrible. I wish i could attach a live video screen recording, the slippage caused me to enter my trade 150 POINTS LATE. Yes 150 point, trading us30! Costed me 1,200! But charge it to the game. They’re terrible with slippage. And i have literal proof that they went directly to the exact price point of my stop loss whether it’s in profit or now, the go to that exact point gap me out and reverse. Take this however you want!
M
Mani
Fort Wayne, USA,
Jul 27, 2022,
Guest
Scammed me
Service use: Live
Length of use: 3-6 Months
Everytime I put a stop loss it does this thing were its stop 15 pips above the stop n they took my money logged off my account to were i cant get it back when i was FINALLY up pissed off atp NEVER TRADE ON THIS BROKER!!
Chris hagerman
Colorado, USA,
Sep 12, 2021,
Registered user
Amazing broker
Service use: Live
Length of use: over 1 Year
I’ve been using them for over a year now and have not had any issues in regards to withdrawing, depositing or slippage/manipulation. I highly highly recommend this broker. Great support team as well.
D
Drew B
California, USA,
Jul 4, 2021,
Guest
Trash
Service use: Live
Length of use: 3-6 Months
Title of review will suffice for a full and complete review. Too many other brokers to choose this one.
S
Sanj
New York, USA,
May 6, 2021,
Guest
Disgusting performance
Service use: Demo
Length of use: 0-3 Months
Absolute scam. Even on my funding talent account they are scamming me. I wonder if funding talent are in on the scam. Just fake candles everywhere. Fake everything absolutely gross. stay away from this scam company.
Reply by KOT4X submitted Aug 18, 2021:
Hi Sanj,
Thank you for your review, we appreciate your feedback.
We would like to point out that KOT4X is not affiliated with any other company. We are an ECN broker and we get our prices directly from the market.
We would be more than happy to reevaluate your query and perform an additional investigation. Kindly contact us on success@kot4x.com at a convenient time for you.
Best Regards,
Lora
KOT4X Customer Success Team
Thank you for your review, we appreciate your feedback.
We would like to point out that KOT4X is not affiliated with any other company. We are an ECN broker and we get our prices directly from the market.
We would be more than happy to reevaluate your query and perform an additional investigation. Kindly contact us on success@kot4x.com at a convenient time for you.
Best Regards,
Lora
KOT4X Customer Success Team
M
Mike
Vegas, USA,
Mar 4, 2021,
Guest
Crazy broker should never use them
Service use: Live
Length of use: over 1 Year
I traded with Kot4x for over a year and had tons of issues with them! The slippage on us 30 is crazy one time I was up with a stop loss at 900 and they ended up taking me out at 100$
Every time I take a trade they put me in like 10-pips above or below actual price and I feel like they scam me all day
Every time I take a trade they put me in like 10-pips above or below actual price and I feel like they scam me all day
Reply by KOT4X submitted Aug 18, 2021:
Hi Mike,
Thanks for your review, we appreciate your feedback.
Slippage occurs when the bid/ask spread changes between the time a market order is requested and the time an order is executed. We would be glad to have another look into any trades affected.
Please contact us on success@kot4x.com, we’re looking forward to speaking to you soon.
Best Regards,
Lora
KOT4X Customer Success Team
Thanks for your review, we appreciate your feedback.
Slippage occurs when the bid/ask spread changes between the time a market order is requested and the time an order is executed. We would be glad to have another look into any trades affected.
Please contact us on success@kot4x.com, we’re looking forward to speaking to you soon.
Best Regards,
Lora
KOT4X Customer Success Team
A
Arturo
Miami, USA,
Feb 2, 2021,
Registered user
So far it's been great!
Service use: Live
Length of use: over 1 Year
Been trading with KOT4X for a while now, haven't had any issues, I've had accounts with A LOT of different brokers and every broker has glitches, or other problems, industry-wide. It just happens. Haven't had any problems with this broker yet.
Reply by KOT4X submitted Aug 18, 2021:
Hi Arturo,
Thank you for your review, we truly appreciate your feedback and we value you as our customer.
Remember we're available 24/7 via live chat, emails and callbacks should you require any assistance.
Best Regards,
Lora
Customer Success Team
Thank you for your review, we truly appreciate your feedback and we value you as our customer.
Remember we're available 24/7 via live chat, emails and callbacks should you require any assistance.
Best Regards,
Lora
Customer Success Team
G
Godwin32
Nigeria, Nigeria,
Jan 20, 2021,
Registered user
Scam broker, stealing money
Service use: Live
Length of use: 0-3 Months
I made a deposit of $12,700 with Kot4x and I tried withdrawing it today. It’s asking me to submit tons of documents and they don’t want to approve them. Support is mute, and live chat is not answering me. My total funds in hold in this broker is $19,000 which they’re refusing to give back to me. Cue Banks and Anthony’s World are big time reps of this broker and they’re in it on this scam. Don’t open an account with this broker, they won’t let you withdraw your hard earned money regardless of whether you made a profit or decided to not trade at all. Kot4x is a big scam and should be avoided at all cost.
Reply by KOT4X submitted Aug 18, 2021:
Hi Godwin,
Thank you for your review, we take our customers’ feedback very seriously.
Funds withdrawal speed is a main focus area for our broker, we aim to process withdrawals in a fast and a secure manner.
Please contact us on success@kot4x.com and our team will look into reasons for delays.
As a security measure, we might require additional documents to process a withdrawal. This is a standard industry process and security measures that ensures both the customer's safety as well as ours.
Our support is available 24/7 365 days a year via live chat, emails, and call backs.
Best Regards,
Lora
KOT4X Customer Success Team
Thank you for your review, we take our customers’ feedback very seriously.
Funds withdrawal speed is a main focus area for our broker, we aim to process withdrawals in a fast and a secure manner.
Please contact us on success@kot4x.com and our team will look into reasons for delays.
As a security measure, we might require additional documents to process a withdrawal. This is a standard industry process and security measures that ensures both the customer's safety as well as ours.
Our support is available 24/7 365 days a year via live chat, emails, and call backs.
Best Regards,
Lora
KOT4X Customer Success Team
K
Kay
Us, USA,
Dec 28, 2020,
Guest
Service use: Live
Length of use: 3-6 Months
Not a good company! I would not suggest anyone to use this scam broker!! price manipulation big time! Runn