Hi traders,

Has anyone at DayTrading.com or its readers used the funded trading accounts at KOT4X? They are offering $100k and an 80% to 20% profit share.

Has anyone been through the evaluation steps? Are they standup guys or one of these dodgy firms?

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[James BarraModerator 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.

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[Shorting EURUSD]

Mmmm s****. Alright I will stay away from KOT4X.

I’ve been reading that link you shared and it’s useful to see other options. Do you fellas know which of those firms has the least stringent test stage at the beginning?

They all seem to have different rules about number of profitable days, daily loss limits, maximum drawdown etc, which is a bit bloody confusing frankly.

I don’t need mad cash to start with, really I think an account with $50000 would get me going nicely but I don’t want to jump through a thousand hoops to get it.

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[Joan]

James has worded it politely. I’ll be blunt. KOT4X have all the hallmarks of a scam in my book. Based offshore. No regulation. Limited transparency. User complaints.

 

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