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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