10/06/ · Entered a Bitcoin (BTC) wallet address Entered your Bitcoin wallet address The Blockchain network needs to confirm your withdrawal times before you will receive your 10/06/ · We aim to process withdrawal requests within 24 hours. Bitcoin (BTC): Once processed, you are required to have confirmations on the Blockchain before the funds will 15/08/ · It’s important to note that KOT4X charges a 5% fee for deposits made via credit/debit cards. Withdrawal processing time is not immediate, and sometimes takes up to 18/08/ · You can withdraw from your account by requesting a withdrawal in your back office and KOT4X will process it for you within 48 hours. You can track your deposits and I really struggled with my mindset for years, eventough my setups are good. Took a year break from trying to get into FTMO and then I made it first try. The last 14 days markets behaved not ... read more
KOT4X has absolutely no resemblance of a broker. The website feels like an online casino, and not a broker; the style is way too cartoonish and baby-like to be taken seriously, yet we cannot escape its modest charm. The first clue we got is in the Terms and Conditions where it is said that the broker is based in St.
Vincent and the Grenadines. As we have on multiple occasions said, the small islands nation does not regulated the financial market. Even the support team is aware of this.
We urge traders to trade with regulated brokers under the gaze of such agencies as the FCA which not only enforces a strict set of rules and demands detailed reports on company activities, but also includes a compensation fund of up to £85 for victimized traders resulting from insolvent brokers.
The platform offered us only Forex Pairs as trading instruments. KOT4X claims on its Accounts page that there are Indices, Commodities, Metals, Stocks, and Cryptocurrencies. Since we could not open a live account, we cannot say for sure what assets there really are. The platform is abundant in trading options and possibilities, and attractive to users both rookie and pro.
The leverage is If you chose to risk it, then take notice that such a high leverage although alluring, is potentially very dangerous, and its usage can result in fast losses of income. The spread we saw on the demo MT4 is 1.
There are multiple accounts, of which two have a commission we are unsure which account was used on the demo. For an unregulated broker, this is surprisingly low, but can be read as an attempt to attract a larger demographic. The only way to fund an account is via bitcoin. We have encountered such brokers in the cases of Tradenance and CryptoRocket , where the only acceptable way to fund an account is through bitcoin. As we have, multiple times, concluded, this unregulated broker is not to be trusted, hence we advise against making any deposits whatsoever.
Furthermore, for safekeeping your money NEVER share your credit card number and CVV code with a salesperson. All online payments require this 3 digit number in order to complete purchases or transactions, and by giving yours away to some offshore broker may lead only to the complete drainage of funds from your credit card.
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account s and personal information. When we tried to withdrawal, with the intention to get to a minimum amount , no matter what sum we entered, the same error kept popping up that prevented us from landing on a definitive minimum withdrawal amount.
The FAQ and the Withdrawal section within the dashboard speak differently, claiming that the processing time is between several hours and a day.
Which one should you trust is up to you. But be aware that these types of inconsistencies are common for unregulated brokers.
However, there was no mention of such a method of withdrawing back on the dashboard, where only bitcoin is accepted. When registering, the client agrees that all taxes and fees deriving from any conflict between the customer and the company be payed exclusively by the client. Furthermore, customers agree that KOT4X withdraws without notice a plethora of charges directly from the traders account:.
The frequency of the fee has not been disclosed. Always be on your guard when dealing with unregulated brokers. They can easily launch incoming fees without warning. Furthermore, once you request a withdrawal, probably due to your suspicions being realized, the broker will most certainly deny your appeal. This denial is followed by a well thought of justification.
Traders will sooner or later realize that something is a foot. Filing for a chargeback might not be as easy as it seems if, beforehand, the user has given away a copy of his ID and proof of address to the unlicensed broker. With these in their possession the broker can easily refute any claims you might have against them.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you have given a CVV code to the broker, be sure to cancel your credit card as soon as possible, because the broker will not delay with draining every cent from it.
Before proceeding with the recovery they will ask a payment for their services. If you chose to indulge them, they will disappear with the money without a hint of remorse.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless! In all honesty we wanted to give KOT4X a chance because it has promise, mostly embodied in the simple and one-of-a-kind style.
But the lack of regulation, inconsistencies and fees tell a different tale, one that does not end happily for the trader who invests with KOT4X. Your email address will not be published. Home News Brokers Casinos Contact Us. Menu Home News Brokers Casinos Contact Us. It would be useful if they could provide some trading guides, tutorials, videos, webinars, daily market analysis, etc.
This could help clients improve their trading skills and knowledge in order to become more informed traders. That being said, the KOT4X demo account can be a great way to get used to trading online with the MT4 platform. It is free to open and comes preloaded with virtual funds so that you can experiment with your trading strategies without any risk. Once you build up enough confidence and start seeing success, you may then switch over to a real live trading account. If you are a beginner and looking for lots of educational content, Admirals could be worth checking out instead.
KOT4X have a large selection of over trading instruments in different asset classes to trade online through the MT4 platform. This includes forex currency pairs, indices , commodities , metals, energies, stocks and cryptocurrency.
I feel like there is more than enough for everyone to trade here. You will find everything from major currency pairs, popular cryptos and stocks of major companies.
If you are old school, gold and silver is available to trade with favourable conditions and no need to physically own the underlying asset. It should be noted that KOT4X offer contract for differences CFDs trading which means that you can speculate on fluctuating prices without actually owning the underlying asset.
You can buy or sell assets depending on if you think the price will rise or fall. The difference in price from the start and end of a CFD is the profit or loss, minus any brokerage fees. KOT4X allow you to trade with leverage which means that you can trade a greater position size than your balance would usually allow.
This can increase potential profit but also increases the potential loss. You should have a clear understanding of CFD trading, how it works and the significant risks involved, whatever broker you are using. KOT4X give you a generous choice of 4 types of MT4 trading accounts which are the Standard Pairs, PRO Pairs, VAR Pairs and MINI Pairs accounts.
The primary differences between each of the account types are the spreads and commissions. The great thing is that you get one account that allows you to access all the different pairs. This is a unique feature that sets them apart from the majority of other brokers that I have reviewed which require you to open a separate account for different trading conditions.
Those who have trading strategies that rely on the lowest spread possible may consider the PRO Pairs account which has the tightest spreads and a commission fee on top. If your trading strategy is not spread dependant then the VAR Pairs account has a spread mark-up but no commission. KOT4X do offer demo accounts if you would like to try your trading strategies with virtual funds and test out their brokerage service. You can open a demo account with an unlimited amount of funds and choose leverage of up to I always like to test a broker on a demo account to begin with just to make sure they have suitable conditions for my trading strategies.
It is quick and easy to open an online trading account with KOT4X. There is a short form to complete on the brokers website after which you will need to verify your email address.
After the accounts team have verified your documents, you will be able to fund your account and commence trading online. I managed to complete the application and login to my account within minutes. You can get in touch with the KOT4X dedicated customer support team directly by completing the form on the brokers website or by sending them an email.
They also have an online chat function that is automated and can provide answers to some general questions. I have always received excellent support from them and find them really quick to respond. They have always been available when I have had a question. KOT4X accept bitcoin BTC for making deposits and withdrawals.
Clients can send any amount instantly without any trouble or hassle of dealing with banks, then simply transfer from your wallet to any of your trading accounts and start trading online.
You can withdraw from your account by requesting a withdrawal in your back office and KOT4X will process it for you within 48 hours. You can track your deposits and withdrawals on Blockchain. They are one of a select few brokers that currently support crypto funding, along with the likes of Hugos Way and Hankotrade. The advantage of using bitcoin funding is that it makes it possible for buyers to complete their payments without divulging any sensitive financial information like credit or debit card details to the seller.
Thus, they enjoy a certain degree of financial anonymity that some other payment options cannot. The broker has a handy guide that explains how to buy bitcoin using Coinbase for those who may not be familiar with how it works.
Whilst this may be useful for traders who are familiar with cryptocurrency, we would have preferred some additional funding options including online payment processors such as Skrill and PayPal. However, you can also make bitcoin deposits using your credit or debit Card, which is useful for those who may not be familiar with how bitcoin works.
If you would prefer bank or card payments, FXChoice support these. There are no deposit or withdrawal fees from the brokers side which is great. Just make sure you check the blockchain fee in advance. As we are still in the early days of cryptos, I often find the blockchain fee can be quite high.
There was an instance when I wanted to make a deposit with Crypto Rocket but the blockchain fee was worth more than my deposit! I am really impressed with many aspects of KOT4X. I like how they provide you with a simple online trading service that includes the well-known and user-friendly MetaTrader platform along with a generous selection of trading instruments. The brokers trading conditions are very competitive, including tight spreads and low commissions fees. There is also a variety of account types to suit different trading styles, bitcoin funding and prompt customer support from my experience.
They may not be regulated but they can provide trading services, products and the convenience that a regulated broker may not be able to. I have been with them for a while now and never ran into any problems. They offer the user-friendly MetaTrader platform that is packed with robust trading tools.
You can get access to a variety of account types, tight spreads, low fees and rapid trade execution speeds. Richard Montana Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.
Home Online Broker Reviews KOT4X Review. Overview Headquarters: St. KOT4X Review Richard Montana August 18, Table of Contents.
COM Forex. com Trading KOT4X has absolutely no resemblance of a broker. The website feels like an online casino, and not a broker; the style is way too cartoonish and baby-like to be taken seriously, yet we cannot escape its modest charm. The first clue we got is in the Terms and Conditions where it is said that the broker is based in St. Vincent and the Grenadines. As we have on multiple occasions said, the small islands nation does not regulated the financial market.
Even the support team is aware of this. We urge traders to trade with regulated brokers under the gaze of such agencies as the FCA which not only enforces a strict set of rules and demands detailed reports on company activities, but also includes a compensation fund of up to £85 for victimized traders resulting from insolvent brokers.
The platform offered us only Forex Pairs as trading instruments. KOT4X claims on its Accounts page that there are Indices, Commodities, Metals, Stocks, and Cryptocurrencies. Since we could not open a live account, we cannot say for sure what assets there really are. The platform is abundant in trading options and possibilities, and attractive to users both rookie and pro. The leverage is If you chose to risk it, then take notice that such a high leverage although alluring, is potentially very dangerous, and its usage can result in fast losses of income.
The spread we saw on the demo MT4 is 1. There are multiple accounts, of which two have a commission we are unsure which account was used on the demo. For an unregulated broker, this is surprisingly low, but can be read as an attempt to attract a larger demographic.
The only way to fund an account is via bitcoin. We have encountered such brokers in the cases of Tradenance and CryptoRocket , where the only acceptable way to fund an account is through bitcoin. As we have, multiple times, concluded, this unregulated broker is not to be trusted, hence we advise against making any deposits whatsoever. Furthermore, for safekeeping your money NEVER share your credit card number and CVV code with a salesperson. All online payments require this 3 digit number in order to complete purchases or transactions, and by giving yours away to some offshore broker may lead only to the complete drainage of funds from your credit card.
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account s and personal information. When we tried to withdrawal, with the intention to get to a minimum amount , no matter what sum we entered, the same error kept popping up that prevented us from landing on a definitive minimum withdrawal amount.
The FAQ and the Withdrawal section within the dashboard speak differently, claiming that the processing time is between several hours and a day. Which one should you trust is up to you. But be aware that these types of inconsistencies are common for unregulated brokers. However, there was no mention of such a method of withdrawing back on the dashboard, where only bitcoin is accepted. When registering, the client agrees that all taxes and fees deriving from any conflict between the customer and the company be payed exclusively by the client.
Furthermore, customers agree that KOT4X withdraws without notice a plethora of charges directly from the traders account:. The frequency of the fee has not been disclosed. Always be on your guard when dealing with unregulated brokers.
They can easily launch incoming fees without warning. Furthermore, once you request a withdrawal, probably due to your suspicions being realized, the broker will most certainly deny your appeal. This denial is followed by a well thought of justification. Traders will sooner or later realize that something is a foot. Filing for a chargeback might not be as easy as it seems if, beforehand, the user has given away a copy of his ID and proof of address to the unlicensed broker.
With these in their possession the broker can easily refute any claims you might have against them. Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you have given a CVV code to the broker, be sure to cancel your credit card as soon as possible, because the broker will not delay with draining every cent from it.
Before proceeding with the recovery they will ask a payment for their services. If you chose to indulge them, they will disappear with the money without a hint of remorse.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless! In all honesty we wanted to give KOT4X a chance because it has promise, mostly embodied in the simple and one-of-a-kind style.
But the lack of regulation, inconsistencies and fees tell a different tale, one that does not end happily for the trader who invests with KOT4X. Your email address will not be published. Home News Brokers Casinos Contact Us. Menu Home News Brokers Casinos Contact Us. Deposit Withdraw. KOT4X: Login, minimum deposit, withdrawal time? Rich Snippet Data. Leave a Reply. You may also like. Latest forex news and scam warnings.
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10/06/ · We aim to process withdrawal requests within 24 hours. Bitcoin (BTC): Once processed, you are required to have confirmations on the Blockchain before the funds will 18/08/ · You can withdraw from your account by requesting a withdrawal in your back office and KOT4X will process it for you within 48 hours. You can track your deposits and Kot4x Withdrawal. Close. Vote. Posted by 5 minutes ago. Kot4x Withdrawal. Visit for Kot4x Withdrawal. Kot4x is a reliable and worldwide user Forex Trader site. Kot4x forex trading is 15/08/ · It’s important to note that KOT4X charges a 5% fee for deposits made via credit/debit cards. Withdrawal processing time is not immediate, and sometimes takes up to 10/04/ · their system inconveniently holds deposits until a move is complete and then they release the money for trading. i called them and ask out of all times why are they holding my 10/06/ · Entered a Bitcoin (BTC) wallet address Entered your Bitcoin wallet address The Blockchain network needs to confirm your withdrawal times before you will receive your ... read more
That being said, the KOT4X demo account can be a great way to get used to trading online with the MT4 platform. Deposit Withdraw April 7, Necessary cookies are absolutely essential for the website to function properly. KOT4X: Login, minimum deposit, withdrawal time? You may also like. COM Forex. If you are old school, gold and silver is available to trade with favourable conditions and no need to physically own the underlying asset.
MT4 is widely regarded as one of the most user-friendly online trading platforms which makes it a popular choice amongst beginners, kot4x withdrawal time. We have encountered such brokers in the cases of Tradenance and CryptoRocketwhere the only acceptable way to fund an account is through bitcoin. The FAQ and the Withdrawal section within the dashboard speak differently, claiming that the processing time is between several hours and a day. There is also a variety of account types to suit different trading styles, bitcoin funding and prompt customer support from my experience. About the Author. As kot4x withdrawal time have, multiple times, concluded, this unregulated broker is not to be trusted, hence we advise against making any deposits whatsoever, kot4x withdrawal time. It is just so convenient to be able to launch the app when on the sofa or even in bed to always keep track of my trades.