KOT4X Review (Forex/CFDs Online Brokerage)

KOT4X (kot4x.com) is an online website which offers trading of leveraged products such as Forex and CFDs.

Forex and CFDs trading carries a great risk to your capital.

In fact, it is so risky that some countries, such as the United States, have made online trading of CFDs illegal.

So losing money on a platform such as KOT4X is not an indication of them being a scam.

Not being able to withdraw funds that belong to you however is an indication of scam. If you have been scammed by KOT4X or any other website, please leave a comment below or get in touch with us.

This KOT4X review will determine whether or not you can trust this online website.

Preliminary Checks

(The information below has been retrieved on May 11, 2021.)

First, we run a WHOIS check on the domain kot4x.com and learn that it was registered on October 4, 2018, updated 2 years later, and unless renewed is scheduled to expire on October 3, 2021.

The domain has been around for long enough for us to be able to tell if it is legitimate or a scam.

However, we will have to take a deeper look into the update that was done in 2020 (October 4; about 6 months before writing this review.)

We found that even before the update, KOT4X.com was still the website of the online trading brokerage that it is today.

Unfortunately, the details of the owners of the domain are hidden by a privacy service so we will also need to find another way to learn who the people behind kot4x.com are.

The website in review is also rather popular with an Alexa rank of #35,482 globally and #9,597 in the US.

Hold on… didn’t we say CFDs are illegal in the US? This is something we need to get back to later. If KOT4x is providing CFD trading to US persons then they are obviously not a legitimate company. (Though not necessarily a scam.)

According to the Terms and Conditions, the client must agree that any deposited funds “do not originate from the United States of America,” however it seems they do allow US persons to use their service.

KOT4x also gets some traffic from Canada.

And with a domain rating of 38, kot4x.com has not a weak backlink profile.

What kind of websites are linking to kot4x.com?

Mostly Forex broker review sites.

For example, the backlink which provides kot4x.com with the most traffic seems to be from a review posted on forexbrokerslab.com. The review concludes with a dis-recommendation, stating that “Kot4x is not regulated offshore forex broker located in St. Vincent and the Grenadines. It is risky to trade with this kind of unregulated companies.” However, they do provide a link to kot4x.com.

No legit websites are currently linking to kot4x.com.


Now, we’re ready to visit the website.

KOT4x.com has a solid reputation and has not been labeled as dangerous or deceptive.

The connection is secure (https), however they are using a free Let’s Encrypt SSL certificate, which does not reveal any ownership information.

At least no third party will be able to access your information if you submit it on kot4x.com, but can you trust KOT4x themselves with your data?

We must turn to the identity of the people behind this website.

KOT4x has an About us page where they provide some details about their service, but no company information.

In the Contact us page, a contact form is provided which you can use to contact the different departments.

The following email addresses are listed as well:

  • info@kot4x.com
  • support@kot4x.com

They also have a ticket submission system and it is even possible to contact them via live chat. When we opened the live chat, we found the following message:

We are currently experiecing [sic] slight delays when processing withrawals [sic] on our platform. Our Payments Team are looking into this further and have advised that all pending withdrawals will be processed within the following 24 hours. We apologize for any inconvenience caused to any of our traders.

We are still however unable to find information about who is behind the company, such as a registered address, or even a LinkedIn profile.

They do have an Instagram profile with 23k followers.

A Google search revealed they may also own a Twitter account.

In the Terms & Conditions document, we finally come across a company name: KOT4X Ltd, “a corporation organized under the laws of the St. Vincent and the Grenadine.” (This document is the most important piece of text you need to read if you are contemplating opening an account or funding an existing account with KOT4X.)

Their address is:

The Financial Services Centre, Stoney Ground, Kingstown

St. Vincent and the Grenadine

Unfortunately, this address does not seem to be usable. Plugging it in Google Maps returns the listing of an investment bank called International Business Services Ltd.

Many people choose to open such off-shore companies in Saint Vincent and the Grenadines not only because they can remain anonymous, but also because of tax benefits.

They are known as IBCs (International Business Companies) and they are incorporated remotely by a service provider in that Caribbean island. Most likely, the owners of KOT4X have never set foot there.

Nowhere could we find a phone number, but they have a form where you can request a call back.

The most serious problem however would be that they are not regulated. Not in the US, but not even in Europe. This does not mean that KOT4X is necessarily a scam though, however, we would personally avoid investing money into a non-regulated financial company.

Especially be careful about sending Bitcoin to untrusted companies because it is not very easy to reverse such transactions after the fact.

With a non-regulated broker, it would be better to use a credit card to make a deposit.

Now we know what’s in front of us. A non-regulated forex/CFDs/cryptocurrencies brokerage with no reliable contact information.

Definitely not a great investment opportunity, but let’s see what KOT4X clients have to say about this company.


Most review sites do not call KOT4X a scam, but do not recommend trading with them.

There are even positive reviews, however since KOT4X has an IB program, where a website can refer traders to them in exchange for a fee, these positive reviews cannot be trusted.

All we thus have left to look for is user feedback and reviews.

There are no serious complaints about KOT4X on Reddit or bitcointalk.org.

The forexpeacearmy.com page contains a host of negative reviews.

With 12 user reviews, KOT4X’s average score is 1.375/5.

One person wrote:

I traded with these guys 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

Another person reported having trouble with withdrawing their funds:

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.

There are many additional negative reviews, but the most interesting of them all claims this online brokerage “is owned by Cue banks and Anthonys world.”

He writes:

Basically cue banks got called out for being a part owner of this broker and was in total denial and has been to this day. Him and a guy from AZ called Anthony’s world are part owners of KOT4X. Cue banks gave Anthony his 720s Mclaren as payment for being a business partner on that broker […] The reason he stopped doing in person courses is because he has a new business model the guy is a course seller now turned into a broker

Many more negative reviews can be found on other websites.

KOT4X Review Conclusion

To summarize this review. KOT4X is one of many online trading brokerages who by being non-regulated are able to tap into the US market, where CFD trading is illegal. Thus, they are able to capitalize on the blank caused by the ban.

According to user complaints, it seems this brokerage is NOT a scam. Otherwise, we would have expected to find many more complaints.

Nevertheless, we are unable to recommend signing up with this brokerage or funding an account with them.

If you have been scammed by KOT4X or any other website, please leave a comment below or get in touch with us.


    • Admin

      Can you explain what happened in more detail please? We may be able to help.

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