KOT4X markets itself as a new-generation forex and CFD broker, but increasingly more user experience calls to mind a very different image. From platform technical breakdowns to chart manipulation and frozen funds, this broker sends off some very serious alarm bells.
Website: https://kot4x.com/
Website Availability: Yes
Owned By: KOT4X
Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
Domain Age:
Name-KOT4X.COM
Registry Domain ID-2317453105_DOMAIN_COM-VRSN
Registered On-2018-10-04T03:23:16Z
Expires On-2025-10-04T03:23:16Z
Updated On-2024-10-04T16:17:27Z
On Trustpilot, KOT4X has garnered multiple negative reviews with traders consistently complaining of chart manipulation, bad customer service, and delayed or refused withdrawals. Traders indicate suspicious price hikes that don’t reflect on other platforms, resulting in unplanned losses. Most also point out problems with the platform freezing during periods of high volatility and accounts being frozen for no apparent reason. Such repeat complaints indicate an increasing lack of trust in the operations and credibility of KOT4X as a broker, hence the caution with which one should approach it.
Suspicious Chart Manipulation
Several traders have cited unmistakable evidence of chart manipulation on KOT4X. They report price inconsistencies, odd wicks, and spikes that contradict other brokers’ data or usual market patterns. The anomalies trigger stop-loss orders, which make users lose money unjustly. Such incidents are indicative of the broker taking trades against its clients, a practice common with scam operations.
Glitchy Trading Platform
The KOT4X platform tries to emulate TradingView but is disappointing in terms of functionality. Traders have faced problems like non-execution of stop-loss (SL) and take-profit (TP) orders, lagged executions, and unresponsive particularly during heightened volatility. These technical errors directly affect trading results and cause frustration and financial loss among users.
Account Freezes and Withdrawal Issues
Yet another serious issue is the unavailability of user funds. Several users report that their accounts were held in suspense without notification, usually with considerable balances. Upon trying to contact support for an explanation, traders received no response or cryptic, useless replies. This transparency issue is a major red flag.
According to widespread user complaints, KOT4X seems to have a number of characteristics of a possible scam broker. The integration of chart manipulation, system inefficiencies, frozen accounts, and non-existent customer support renders this a very risky ground for traders.
FAQs
Q1: Is KOT4X regulated?
No, KOT4X is not regulated, trading offshore without any supervision from well-known financial regulators.
Q2: Can I believe the trading statistics on KOT4X?
Chart manipulation and pricing anomaly reports taint their data and raise an eyebrow about their reliability.
Q3: Do withdrawals go through conveniently on KOT4X?
Most users complain of delays, frozen accounts, and holds, rendering withdrawals unreliable.
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