KOT4X Broker review - Regulations, Platforms, Instruments, and Ratings.

1.274 • 19 REVIEWS
Updated: Mar 21, 2024
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

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 TradeLocker offered as 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: TradeLocker
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

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

Managed Accounts & Social Trading

Deposit Methods: Bitcoin, Instacoins
Withdrawal Methods: Bitcoin
* Please check broker website for more information
1.274 • 19 REVIEWS

KOT4X Most Helpful Customer Reviews

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
M
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
G
Godwin32
Nigeria, Nigeria,
Jan 20, 2021,
Registered user

Won't approve my documents, keeping my 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.
G
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
C
Chichadios
GA, USA,
May 27, 2020,
Registered user

THEY TOOK MY $15K. DO YOURSELF A FAVOR AND DON'T TRADE WITH THEM

Service use: Live Length of use: 6-12 Months
Guys for real. I had an amazing day trading US30 and profited $15k. When I tried to withdraw $10k, they put my payment on hold for 13 hours, and later I found out that they CANCELLED all my trades of today, so I end up negative $5k in my account. I have screenshots of this bullpoop and I can send them no problem. This broker is a total scam and they steal your money and give 0 coital encounters.
I
India
New Jersey, USA,
Nov 9, 2019,
Guest

Read this before you start with them

Service use: Live Length of use: 0-3 Months
I’ve had problems with this broker not to mention that on 5 occasions the trade wouldn’t let me close which then went negative. I provide screenshots. And they told me I had lied about the screenshots the first time. The second time they emailed me about it & said no refunds down below I will drop the conversation of what happened.
* Hello, thank you for contacting KOT4X.
* I’m having the same problem as yesterday where I’m trading on my live account & it’s just taking my profit & not letting me close off the trade this is practically cheating me out
* I address this issue yesterday and nobody did s*** about it in fact they told me the trade that I showed them wasn’t even there
* Allow me a moment please.

* We sent you an email India, with instructions on how to avoid this in the future. Please check your emails.

* I never got an email I just checked and that’s crazy that you guys have no explanation for this two days in a row very unprofessional
*
* Here is my colleague's response India "Please note that xauusd is closed and trading isn't possible during 23:54-01:01 server time.

This is them denying that the trade didn’t happen. Not to mention they told me the marketing times like I wasn’t aware of the times it was open I believe this took place on a Monday. And I have more conversations this was just a start up of the mess.
2 traders have found this review helpful

Recent User Reviews of KOT4X

M
MBbeforexing
MISS, USA,
Mar 5, 2024,
Registered user

withdraw DENIED!!!!!

Service use: Live Length of use: 3-6 Months
DO NOT OPEN A ACCOUNT WITH THIS CON ARTIST REJECT AFTER REJECT OF A SMALL WITHDRAW UNDER 400.OO WOW!!! PLEASE STAY AWAY PLUS NO COMMUNICATION AT ALL AN DO REPOND TO THIS REVIEW SENCE AS A BROKER YOU DIDN'T REPOND TO ME.
I
Inferno135
California , USA,
Mar 1, 2024,
Registered user

Lost $200,000 due to migration from mt4 to TradeLocker

Service use: Live Length of use: over 1 Year
The migration brought a lot of complications to KOT causing me to lose my account because I wasn’t able to access TradeLocker. I’ve been in contact with them for the past 3 months with no assistance. Their customer service SUCKS. Be cautious using this broker will not help you and use every excuse in the book to not right their wrongs. A bunch of brokers are reimbursing losses caused from their migration but not Kot, think twice before depositing money with Kot
K
kpthagr8
ARIZONA, USA,
Dec 1, 2023,
Registered user

Wiped out $12k in profits

Service use: Live Length of use: 6-12 Months
They stopped supporting MT4 and added support for TradeLocker. In doing so, they ended the PAMM program without giving the managers a heads up. They froze my account closed out all of my trades, essentially wiping out the $12k profit I built up for over a couple months. I asked about them reimbursing my losses and never heard back from them.
Z
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
N
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!