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Should I verify my account to start trading?

  • Modified on: Mon, 02 Sep, 2024
  • at

 

When you open a new trading account, you can start trading immediately with a grace period of 15 days without verification.

During this time, you can deposit up to $1,500 without needing to verify your identity.

However, after the 15-day period, you will be required to complete the Know Your Customer (KYC) verification process to continue trading.

Failing to complete the KYC process after the grace period will result in restrictions on your account, including the inability to trade until verification is completed.

 

How do I start?

All you need to do is follow these easy steps:

1. Sign up for an account with https://kot4x.com/

2. Make your first deposit. You can deposit up to $1,500 without being verified with KOT4X.

3. Navigate to the “Accounts” tab and create a Trading Account.

4. Log in to the Trading Platform of your choice to start trading.

 

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* KOT4X is operated by Kot Ltd, Company Number 25045 BC 2018, with registered address/agent at Suite 305, Griffith Corporate Centre, Beachmont, Kingston, St Vincent and the Grenadines. Further to the above, Kot Ltd, main place of business is at 10, Holborn, Rd Unit 7, Kingston, 10 Kingston, Jamaica.
** Kot Ltd will contact and correspond with the Customer via the following email address; [email protected].
*** Risk Disclosure: This website is not directed at or intended to elicit citizens and/or residents of the USA and is not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.
**** Risk Warning: Trading leveraged products such as Forex may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience, before trading, and if necessary, seek independent advice.