Key to Markets Review Forex Brokers Reviews & Ratings Leave a comment

A company, referenced as LCTO, provides the daily FX Outlook, while Key to Markets generates the KTM FX Daily reports. They are of good quality and consist of written content and related charts, offering clients fresh trading ideas. While Key to Markets does not feature a dedicated educational section with a well-structured program or lesson course, the blog contains posts with educational value. New traders will not get an education as with other brokers, but there are some hidden gems in the blog to broaden their investment horizon. While bank wire transfers are free, a 1% commission applies to withdrawals through other methods.

KEY TO MARKETS NZ Limited is not a broker but rather a duly registered company in New Zealand and operates as a wholly-owned subsidiary of KEY TO MARKETS (UK) Limited. Key to Markets positions itself as a broker subject to the oversight of multiple regulatory bodies, highlighting its commitment to upholding high industry standards. This regulation provides traders with a sense of security, knowing that the platform operates within established guidelines and guidelines set forth by these authorities. A high number of active buyers and sellers characterizes a market in a state of perfect competition. Markets try to find some balance in price when supply and demand are in balance. Key To Markets is a good broker for forex and CFD trading, offering the MT4 platform plus social and investing PAMMs.

To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. A VPS service, in partnership with New York City Servers, is available for all traders who transact five standard lots with Key to Markets.

  1. Key to Markets claims to offer a wide range of products but lists only 167 assets.
  2. The commission-based alternative features raw ECN spreads for a commission of $8 per round turn.
  3. The platform boasts a decent range of products and dedicated customer service.
  4. You can download MT4 from inside the secure client area once you have registered for an account.

There is no maximum trade size, and the margin call and stop out are set at 120% and 100% respectively. The financial market includes the stock exchanges such as the New York Stock Exchange (NYSE), Nasdaq, the London Stock Exchange (LSE), and the TMX Group. Other financial markets include the bond and foreign exchange markets, where people trade currencies. Many illegal markets exist in economically developing countries with planned or command economies where the government controls the production and distribution of goods and services. When there is a shortage of specific goods and services in the economy, members of the illegal market step in and fill the void. An underground or black market refers to an illegal market where transactions occur without the knowledge of the government or other regulatory agencies.

As a regulated broker, account verification at Key to Markets is mandatory. A copy of the trader’s ID and one proof of residency document usually satisfy AML/KYC requirements. When it comes to withdrawals, Key to Markets provides four convenient methods, all of which are processed within one business day. Traders can opt for bank wire, Skrill, Neteller, or Sticpay for their withdrawal needs. Yes, Key To Markets offers a practice account where you can test out trading strategies in a risk-free environment. Instead, Key To Markets recommends making contact via their email address – , though even this method was slow when tested.

Trading Hours

Click ‘Open a Real Account’ or ‘Open a Demo Account’ at the top of the broker’s homepage and follow the registration instructions. Once you have completed the account submission, you will then be able to sign in to the secure client area. The broker also offers social PAMMs for investors and money managers who wish to build their portfolio. I found more than 60 company stocks and shares CFDs from exchanges and markets within the US and across Europe, including Apple and Lufthansa.

Regulating Markets

The blog features quality daily research and isolated educational content with the occasional hidden gem. Overall, Key to Markets offers a solid core foundation from where it can grow further. While not suitable as a primary choice, this broker makes an acceptable tertiary one. adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

Supported deposit and withdrawal methods consist of bank wires, credit/debit cards, SEPA, Neteller, Skrill, STICPAY, UnionPay, and AliPay. All other methods face a 2.5% levy, which is regrettable, as most brokers cover the deposit costs and waive fees for clients. Only bank wires, Skrill, Neteller, and STICPY, are available for withdrawals, where bank wires are, once again, free of charge, and the rest incurs a 1% cost. Unlike competitors, where deposits are free of charge and withdrawals may face costs, at Key to Markets, it will cost more to deposit than to withdraw. The MT4 is an excellent platform, but it requires upgrades to unlock its full functionality, which Key to Markets does not provide.

Additional Features

Based on my experience, I recommend Key To Markets to traders that are comfortable trading a small range of instruments using MT4, with a raw-spread pricing model. For me though, the range of assets feels too light to build a sufficiently diverse alternative investment definition portfolio. This helps fuel innovation to secure a competitive edge in the marketplace. A black market refers to an illegal exchange or marketplace where transactions occur without the knowledge or oversight of officials or regulatory agencies.

Compare Key To Markets with the top 3 similar brokers that accept traders from your location. There is a 2.5% commission on e-wallets, UnionPay, AliPay, and Visa/Maestro cards. Note that users must have at least €5,000 in their trading account and execute a minimum of 500 lots per month to use the FIX API. You can download MT4 from inside the secure client area once you have registered for an account.

Key to Markets is a well-established brokerage firm with a strong regulatory presence. The company is registered in the United Kingdom and regulated by the Financial Conduct Authority (FCA). The Financial Services Commission of Mauritius also regulates Key to Markets International Limited as an Investment Dealer. Key to Markets offers a dispute resolution scheme to further bolster customer confidence, providing a formal structure for clients to raise and resolve any grievances or disputes. Key to Markets also utilizes segregated accounts to separate clients’ funds from the company’s. Key To Markets supports ECN trading on a wide range of assets, including over 65 currency pairs, consisting of 8 major and 11 exotic base currencies.

Key To Markets presents itself as a global brand, welcoming traders from numerous countries across the world. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with Key To Markets please share your personal review of the broker and what you think are strong and weak points.

MT4 can be accessed from a mobile phone, giving you the freedom to trade on the go and through several devices simultaneously. Traders can view full trading history and access all order types and execution modes. The app supports most of the same features as the desktop version but with fewer custom tools and indicators.

Users particularly appreciated the efficient help function and excellent support. The technical abilities of the support team have also been commended, solidifying the broker’s reputation. Key to Markets is an independent brokerage firm that provides access to the financial markets for Institutional, Corporate, and Individual Clients.

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