Compare forex brokers GMOTrading VS Kot4x

If you're choosing between GMOTrading and Kot4x forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is GMOTrading better than Kot4x? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

GMOTRADING VS KOT4X

GMOTrading
GMOTrading Overview

GMO Trading is a Cypriot online broker that has been in operation since 2017. The brand offers forex/CFDs for trading on the MT4 trading platform.

KOT4X
KOT4X Overview

KOT4X is an offshore Forex brokerage registered in St. Vincent and the Grenadines. It provides the MetaTrader 4 trading platform and a very generous leverage. Traders are extended a leverage of up to 1:500. Furthermore, there is a wide range of trading products from which to choose. The required minimum deposit is only $50 which is quite low and favorable for traders.

# Broker's Features GMOTRADING Availability KOT4X Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare GMOTrading vs Kot4x.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. GMOTrading offers Online Financial Trading and Investment Services Such as N/A, while Kot4x offers CFD, Cryptocurrency, Forex.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. GMOTrading is STP, while Kot4x is .

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. GMOTrading recommended minimum capital is N/A, while Kot4x has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. GMOTrading is regulated by CySec, while Kot4x regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. GMOTrading offers USD, EUR, GBP different account currencies for each account types, while Kot4x offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. GMOTrading offers English, Italian, Russian, Polish, German, Spanish, while Kot4x offers Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. GMOTrading offers Credit/Debit Cards, Bank wire transfer, Skrill, Webmoney, different payment methods for each account types, while Kot4x offers bitcoins payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, GMOTrading makes MT4, WebTrader available to clients, while Kot4x offers MT4.

The Verdict: GMOTrading or Kot4x?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, GMOTrading is more reliable based on our criteria above. Only GMOTrading offers demo account, allowing you to test their platform to see which is suitable for you. GMOTrading has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. GMOTrading offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. GMOTrading offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. GMOTrading has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. GMOTrading broker offers lower minimum deposit requirement. As GMOTrading offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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