Global Broker Regulation Inquiry App
WikiFX
helpneeded 
1-2 years
What do I think are the cons of KOT4X?
Broker Issues
Regulation
07-06
United States
WikiFX
Reply
The primary downside I see with KOT4X is the revoked ASIC regulation. Without proper regulatory oversight, I feel there is an increased risk when trading. Additionally, KOT4X doesn’t offer a demo account, which is something I prefer as a way to test a platform before diving in. KOT4X leverage of up to 1:500 can be appealing for experienced traders, but the risk of high leverage is another con I consider.
Similar Questions
Is GANN a regulated broker?
joalund
07-02
How safe is my money with Global Capital?
Mohammed Mazhar
07-31
Have you experienced any drawbacks with PAXOS's customer support or noticed any issues with the stability of their platform?
helpneeded
07-14
Is TRAZE a safe and legit broker to trade with?
kennis2244
08-22
Is NTW Markets a regulated broker?
tabawan_dreamer
07-11