Key to Markets Review 2024
Website: www.keytomarkets.com
Min. Deposit: US$ 100
Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: FCA, FSC
Headquarters: UK
Founded: 2010
Regulatory Licenses:
- KEY TO MARKETS INTERNATIONAL Limited - authorized by FSC (Mauritius) registration no. GB19024503
- KEY TO MARKETS Limited - authorized by FCA (UK) registration no. 527809
Updated on March 6, 2024
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Key to Markets stands out as a brokerage firm that facilitates access to online financial trading and markets for Institutional, Corporate, and Individual Clients. This broker offers entry into the global markets within a secure and regulated framework, featuring competitive spreads and commission-free trading on Forex and CFDs via their MT4 platform. Additionally, it provides fast deposits for those opening one of the two available live accounts or utilizing the PAMM social feature for distinctive investment opportunities.
Key to Markets is distinguished as a reliable broker with top-tier FCA licensing, while the account opening process is entirely digital, and the trading environment is among the best-reviewed in the UK, offering ECN accounts. It boasts robust research and trading tools, a wide range of platforms, exceptionally low spreads, and also extends Fix API trading.
Pros
Toptier FCA licensing enhances reliability
Digital and seamless account opening process
Competitive and low spreads
Cons
Limited customer support hours
Restricted to Forex and CFDs
Varying conditions based on regulatory standards
Key to Markets Review Summary in 12 Points ▲
Headquartered in the UK and regulated by the FCA and FSC, Key to Markets provides access to a variety of instruments including Forex, Shares, Indices, Commodities, and a range of Cryptocurrencies via the MT4 platform. It boasts an EUR/USD Spread of 0.4 pips and offers a demo account. The base currencies include EUR, USD, GBP, with a minimum deposit of $100. Additionally, it provides learning materials, research, and 24/5 customer support.
Overall Key to Markets Ranking ▲
Based on our expert findings and reviews, Key to Markets is considered a reputable broker with reliable service and exceptionally favorable trading conditions, suitable for both beginners and experienced traders. It stands out for its global coverage, allowing traders from various countries to sign up, and for offering some of the lowest spreads in the industry. Key to Markets’ Overall Ranking is 8.8 out of 10, based on our testing and comparison with over 1000 brokers.
Is Key to Markets Safe or a Scam? ▲
Yes, Key to Markets is a trustworthy broker as it is a UK-based company adhering to FCA regulations. It is authorized to provide financial services that comply with stringent laws and requirements, ensuring a high level of safety for its clients.
Is Key to Markets a regulated trading broker? Yes, Key to Markets is comprehensively regulated and authorized in the United Kingdom under the brand name Key To Markets (UK) Ltd, regulated by the Financial Conduct Authority (FCA), with registration number 527809. It also holds a MiFID passport, enabling it to offer services across Europe. Furthermore, Key To Markets International Limited is registered in Port Louis, Mauritius, and is regulated by the Financial Services Commission (FSC), with license number GB19024503.
Our conclusion on Key to Markets Reliability: Our ranked Key to Markets Trust Score is 8.4 out of 10, showcasing good regulation and reputation. The broker carries a highly respected license and complies with all regulatory requirements across various geographical regions. The only point of consideration is the usage of offshore entities for international operations; however, such practices are not advocated due to potential risk factors.
How are you protected? Due to its stringent regulation, Key to Markets ensures that client funds are held in segregated accounts with custodian banks, coupled with advanced customer protection procedures and operational standards. This comprehensive approach makes it a trustworthy broker that adheres to best practices in customer protection.
Key to Markets offers leverage as a powerful instrument, enhancing the potential for profits by allowing traders to multiply their initial account balance. However, it's crucial to employ leverage judiciously since it also amplifies the risk of losses. The leverage available at Key to Markets varies depending on the traded instrument and is influenced by regulatory constraints as well as the trader's expertise level. European retail clients are permitted leverage up to 1:30 for major currencies, 1:20 for minor currencies, and 1:10 for commodities, in line with ESMA guidelines. Nonetheless, traders engaging with global offshore branches of the broker can access higher leverage ratios, peaking at 1:500. Despite the advantages, leverage demands a comprehensive understanding of its potential impacts and risks, to avoid making reckless decisions that could have severe repercussions.
Key to Markets provides two main account types: Standard and Pro Accounts, both offering true ECN execution through the MT4 or MT5 platforms. The primary distinction between these accounts lies in the commission structure. The Standard Account enables no-commission trading, with traders only required to pay for the raw spreads, which start from 1 pip. On the other hand, the Pro Account offers traders access to raw market spreads, but with a transaction cost of €6 or $8 per traded lot round turn. Additionally, Key to Markets facilitates PAMM accounts, permitting traders to amalgamate their funds and invest under the guidance of an experienced trader. This system is accessible through a web-based platform, enabling investors or money managers to manage the account from any device, presenting an attractive investment opportunity.
Key to Markets extends a demo account feature, allowing users to engage with real market data using simulated funds. It's strongly advised to utilize the demo account to refine trading skills and deepen market understanding before proceeding to live trading.
Key to Markets boasts a broad spectrum of instruments accessible through an ECN connection, including 65 forex pairs with 8 major and 11 exotic base currencies, alongside indices, shares, and commodities. The market range of Key to Markets is rated 4.1 out of 5, reflecting its comprehensive selection of Forex and CFD instruments. However, it's important to note that offerings may vary across different entities, and the overall range is somewhat limited to CFD-based assets.
Key to Markets implements a dual fee structure, dependent on the chosen account type. The MT4/MT5 Standard account incorporates all costs within the spread, starting from 1 pip plus the raw market spread, sans any additional commissions. This configuration ensures that the company's fee is consolidated into the total spread, with raw spreads sourced from the interbank liquidity pool. Conversely, the MT4/MT5 Pro account caters to those seeking raw market spreads for Forex, Indices, Energy, and Metals, imposing a commission of $8 per round turn. This account type is particularly favored by scalpers and traders who prioritize raw spreads for their strategies. Thus, the choice between account types and the associated costs rests with the trader. Additionally, the rollover or overnight fee, charged on positions held for more than a day, should be factored into cost considerations. For traders adhering to the Muslim faith, Key to Markets offers a specifically designed Islamic account, exempting users from swap fees and prohibiting overnight positions. The fee structure of Key to Markets has been evaluated with a score of 4.05 out of 5, following an extensive comparison with over 1000 other brokers.
Key to Markets offers variable spreads depending on the account type chosen by the trader, with the company providing exceptionally competitive conditions. The spreads for the USD/EUR pair can start from as low as 0 pip, positioning Key to Markets as a strong contender in the market for traders seeking low-cost trading opportunities. When compared against a comprehensive analysis of 1000 brokers, Key to Markets stands out with its spreads, scoring an impressive 4.2 out of 5. The broker's forex spreads are notably lower than the industry average of 1.2 pips, and its offerings across other instruments are also advantageous.
Key to Markets supports a wide array of payment methods, ensuring traders can easily fund and withdraw from their accounts. Available options include popular methods such as Bank Transfers, Credit Cards, Skrill, Neteller, and Sticpay, among others, facilitating a seamless banking experience. The broker's approach to funding methods received a rating of 4.0 out of 5, attributed to its low or nonexistent fees on deposits and withdrawals, and the flexibility of depositing in various base currencies. The minimum deposit requirement is set at $100 for both Standard and Professional accounts, making it an accessible choice for a broad spectrum of traders. It is important to note, however, that while deposits are free of charge, a withdrawal fee is applicable across most methods, with a 2.5% transaction cost except for bank wire transfers which are free, and a 1% fee for other withdrawals.
Key to Markets provides traders with access to the MetaTrader4 and MetaTrader 5 platforms, renowned for their advanced trading features, analytical tools, and customization options. Available across multiple devices including mobile and tablets, these platforms cater to a wide range of trading needs. The MT4 platform, in particular, is celebrated for its comprehensive trading tools and MQL Suite, which is accessible to clients with a live account holding a minimum initial deposit of $2,500. This suite enhances the capabilities of discretionary traders with state-of-the-art tools. Additionally, the broker offers FIX APIs for advanced traders seeking to employ proprietary algorithms through robust integration. The user-friendly interface and customizable charts make these platforms suitable for both novice and experienced traders. Key to Markets' platform offerings are rated highly with a score of 4.25 out of 5, comparing favorably with over 1000 other brokers. The broker also provides a Myfxbook platform for social trading, allowing users to auto-trade their accounts or learn by copying trades from professional traders. The provision of a free VPS service further enhances trading efficiency by ensuring uninterrupted connection to servers.
Upon comprehensive evaluation, Key to Markets emerges as a reliable forex broker providing ECN connections with raw, interbank spreads. The broker's adherence to regulation by esteemed global authorities ensures a high level of protection for traders. With a variety of account types, including PAMM, Islamic, and auto trading options, and a comparatively low minimum deposit requirement of $100, Key to Markets caters to a diverse range of trading needs and strategies. It is particularly suited for:
Regular Traders
Professional Traders
FIX API Trading
Running EAs
Copy Trading
Scalping / Hedging Strategies
Traders preferring MT4 or MT5 platforms
Myfxbook trading
Currency and CFD Trading
MAM/PAMM Trading
Overall, Key to Markets is recommended for traders seeking a blend of competitive spreads, varied trading platforms, and a robust regulatory environment, making it suitable for a wide array of trading strategies.
