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Does KOT4X regulate in Japan?
Thomas
Japan
Apr 11, 2023
ANSWER KOT4X is not overseen by any regulatory body even though it offers seemingly attractive deals.KOT4X claims to be operated by KOT4X Ltd., a corporation organized under the laws of St. Vincent and the Grenadines. We then searched for this company in the registry of the Financial Services Authority of St. Vincent and Grenadines (SVG FSA) but no matching records have been found. That means KOT4X is operating subject to no laws or regulations.Regarding your question, KOT4X is not a regulated broker. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid unlicensed brokers like KOT4X and opt for fully regulated ones instead.
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Did anyone trade with KOT4X before? Is it reliable?
Malik
Cook Islands
Aug 11, 2022
ANSWER KOT4X is not a regulated broker for traders even though it states offers that look good to be true. KOT4X claims to be owned by KOT4X Ltd, a company registered in Saint Vincent and the Grenadines, but we didn't find any result in the registers of Saint Vincent and the Grenadines' Financial Services Authority (SVG FSA). Besides, the SVG FSA has announced that it does not issue any licenses for forex trading or brokers nor does it regulate or license international companies engaging in such activities. The truth is, KOT4X is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like KOT4X and trade with licensed brokers.
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Is Malaysian Ringgit one of the accepted currencies at KOT4x?
JohnPaul
Malaysia
May 02, 2022
ANSWER KOT4X is an unlicensed broker and should be avoided at all events. KOT4X claims to be owned by KOT4X Ltd, a company registered in Saint Vincent and the Grenadines, but we didn't find any result in the registers of Saint Vincent and the Grenadines' Financial Services Authority (SVG FSA). Besides, the SVG FSA has announced that it does not issue any licenses for forex trading or brokers nor does it regulate or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered with or regulated by SVG FSA as they are actually unregulated. The truth is, KOT4X is not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend traders stay away from unregulated brokers like KOT4X and trade with licensed brokers.
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