Reply To: KOT4X – legit or scam?

#190458
James Barra
Moderator
    DayTrading.com Team

    Hi Shorting EURUSD,

    DayTrading.com has not yet fully evaluated KOT4X. However, I’ve done some digging and I would hesitate to put my money with this broker for several reasons:

    • It is not regulated by a respected financial body as per DayTrading.com’s Regulation & Trust Rating.
    • It is relatively new and unproven, having been founded in 2019 and it isn’t widely known by our industry experts.
    • It has a low 1.7/5 rating on TrustPilot from 87 reviews (at the time I checked), with many complaints about unfair trading practices and withdrawals.

    For these reasons, I would avoid KOT4X and consider DayTrading.com’s pick of the best funded trading accounts.