Overview of Key to Markets
Key to Markets was founded in 2010 and is headquartered in London, UK, with physical companies in New Zealand and Mauritius (Key To Markets International Ltd and Key To Markets NZ Ltd). The company offers a variety of trading services and products, including Forex, indices, commodities, and shares. Key to Markets provides multiple account types, including MT4 Micro, MT4 Standard, and MT4 Pro, catering to traders with different preferences and requirements. Traders can access the markets through the popular MT4 trading platform, available on Windows, Mac, Android, and iOS devices, as well as through Myfxbook AutoTrade.
Key to Markets offers a range of payment methods, such as wire transfer, SEPA transfer, card payment, UnionPay, Alipay, and e-wallets. The company provides customer support via email and telephone, and also offers educational resources such as webinars and educational tips for traders. It is important to note that Key to Markets is unregulated, which may raise concerns regarding its legitimacy and safety for trading. Traders should exercise caution and conduct thorough due diligence before engaging with an unregulated broker.
Is Key to Markets legit or a scam？
When considering a broker, it is crucial to prioritize regulatory authorization by reputable agencies such as the FCA or CySEC as an indication of legitimacy. It is important to note that Key to Markets is not authorized or regulated by any regulatory authorities. Trading with an unregulated broker carries inherent risks, as they may operate anonymously and have the potential to disappear without notice. To safeguard your funds, it is imperative to exercise a high level of caution when dealing with unregulated brokers and conduct comprehensive due diligence before making any investments.
Pros and Cons
Key to Markets offers a variety of trading instruments, including forex, indices, commodities, and shares, providing traders with diverse options. They also provide multiple account types, catering to different trading preferences. Additionally, traders have access to popular trading platforms like MT4, known for its comprehensive tools and features. The broker also offers a diverse range of payment methods for deposits and withdrawals, ensuring convenient transactions. It provides a free VPS service, which is beneficial for automated trading strategies. However, it's important to note that Key to Markets is unregulated, raising concerns about the safety of funds. The MT4 Pro account incurs commissions, and e-wallet transactions have a 2.5% commission fee. Customer support has limited hours, and educational resources are relatively limited. Furthermore, wire transfers and SEPA transfers may take several days for processing. Overall, it is crucial for traders to carefully consider the pros and cons before engaging with Key to Markets.
Market Instruments
Key to Markets offers investors a range of popular financial trading instruments, including Forex, indices,commodities, and shares. Here are the key trading instruments available:
1. Forex (Foreign Exchange):
Key to Markets offers a wide range of currency pairs for trading in the forex market. Forex trading involves the buying and selling of different currencies, providing opportunities to profit from the fluctuations in exchange rates.
2. Indices:
Key to Markets provides access to a variety of global indices, including major stock market indices such as the S&P 500, FTSE 100, DAX 30, and more. Trading indices allows investors to speculate on the performance of a basket of stocks representing a particular market or sector.
3. Commodities:
Key to Markets allows trading in popular commodities such as gold, silver, crude oil, natural gas, and more. Commodities trading enables investors to participate in the price movements of physical goods, providing potential opportunities for profit.
4. Shares:
Key to Markets also offers trading in shares or stocks of various companies. Investors can trade popular shares from different stock exchanges, allowing them to take advantage of the price movements in individual company stocks.
Account Types
Key to Markets offers three different types of trading accounts: MT4 Micro, MT4 Standard, and MT4 Pro. Here are the details of each account type:
1. MT4 MICRO:
- Minimum Lot Size: 0.01 lot
- Spread: From 2.6 pips
- Commission: Zero
- Tradable Instruments: FX (Foreign Exchange), Indices, Commodities, Shares
- Minimum Deposit: Starting from $50
The MT4 Micro account is suitable for traders who prefer smaller trading volumes and are looking for a low minimum deposit requirement.
2. MT4 STANDARD:
- Minimum Lot Size: 0.01 lot
- Spread: From 1.0 pips
- Commission: Zero
- Tradable Instruments: FX, Indices, Commodities, Shares
- Minimum Deposit: Starting from $5,000
The MT4 Standard account is designed for traders who require a standard trading environment with competitive spreads. It has a higher minimum deposit requirement compared to the MT4 Micro account.
3. MT4 PRO:
- Minimum Lot Size: 0.01 lot
- Spread: From 0.0 pips
- Commission: 8 USD per traded lot round turn
- Tradable Instruments: FX, Indices, Commodities, Shares
- Minimum Deposit: Starting from $10,000
The MT4 Pro account offers tighter spreads with a commission charged per traded lot round turn. It is suitable for professional and institutional traders who require direct market access and lower spreads.
These account types provide traders with different features and pricing options to cater to their individual trading preferences and requirements.
It also offers demo accounts that allow novice investors to fully simulate and exercise, thereby reducing the risk of investing.
How to Open an Account？
To open an account with Key to Markets, you can follow these steps:
1. Visit the Key to Markets website: Go to the Key to Markets website at https://www.keytomarkets.com/.
2. Click on “OPEN AN ACCOUNT”: On the website's homepage, you will typically find an option or button labeled “Open Account.”
3. Select the Account Type: Choose the account type that best suits your trading needs and preferences.
4. Fill in the Account Opening Form: You will be directed to an account opening form. Provide the requested information accurately and completely. This typically includes personal details (name, email, phone number, etc.), address information, and financial information.
5. Submit the Application: Once you have completed all the required information and documentation, review your application to ensure accuracy. Submit the application to Key to Markets for review.
6. Account Approval: Key to Markets will review your application and documents. If everything is in order, your account will be approved, and you will receive confirmation from Key to Markets via email.
7. Fund Your Account: After your account is approved, you will need to fund it to start trading.
Leverage
In terms of trading leverage, the maximum leverage level offered by Key to Markets is up to 1:100. Professional traders may hold that this leverage is a little conservative. However, inexperienced traders are not advised to use too high trading leverage in case of heavy fund losses.
Spreads & Commissions
Key to Markets provides different account types with varying spreads. The Standard accounts have no commission but add a mark-up of 1 pips to the raw spread. On the other hand, the Pro accounts offer raw spreads but charge a commission of $8 per lot. Both account types incur swap charges for overnight positions. Traders are encouraged to open a demo account and monitor live spreads for an accurate assessment.
Trading Platforms
Key to Markets offers investors the MT4 trading platform, as well as MT4 for Windows, MT4 for Mac, MT4 for Android, MT4 for iOS, Myfxbook AutoTrade, and a free VPS for traders to use.
Key to Markets offers a range of trading platforms to suit different devices and preferences. Here are the trading platforms provided by Key to Markets:
MetaTrader4 for Windows, MAC, iPhone, and Android OS
MetaTrader4 (MT4) is a popular and widely used trading platform for these operating systems. It provides a comprehensive set of trading tools, advanced charting capabilities, technical analysis indicators, and automated trading features. Traders can execute trades, monitor market conditions, and access real-time pricing through MT4.
Myfxbook AutoTrade
Key to Markets integrates with Myfxbook AutoTrade, which is a popular social trading platform. It allows traders to automatically copy trades from experienced and successful traders in real-time. Traders can choose from a variety of signal providers, monitor their performance, and replicate their trades directly into their trading accounts.
Free VPS Service
Key to Markets offers a Free VPS (Virtual Private Server) service to its clients. A VPS provides a stable and secure environment for automated trading systems, allowing traders to run their trading algorithms or Expert Advisors (EAs) continuously without interruption. The Free VPS service helps ensure reliable and efficient trading execution.
These trading platforms offered by Key to Markets provide traders with a range of options to access the markets, execute trades, and manage their trading activities conveniently and efficiently.
Deposit & Withdrawal
Key to Markets provides a diverse range of payment options to facilitate convenient and efficient transactions. Traders can choose from 10 different methods, including wire transfer, SEPA transfer (EUR), card payment, UnionPay, Alipay, and e-wallet. Most payment methods offer instant processing, ensuring prompt availability of funds in the trading account. However, wire transfers may take 2-4 days, while SEPA transfers typically require 1-2 days for processing. It's worth noting that e-wallet transactions incur a 2.5% commission fee for both deposits and withdrawals. On the other hand, all other payment methods are commission-free, allowing traders to transact without incurring additional charges.
Customer Support
Key to Markets provides customer support to assist traders with their inquiries and concerns. Here are the contact methods available to reach their customer support team:
1. Email:
You can reach out to Key to Markets by sending an email to their support team at soporte@keytomarkets.com. Email communication is a recommended method for contacting customer support, as it allows for detailed explanations and attachments if needed.
2. Telephone:
Key to Markets also provides a telephone contact option. You can call their customer support line at +52 55 2789 5353. Please note that the telephone support is available during their business hours, which are from 9 a.m. to 6 p.m. GMT.
By utilizing these contact methods, traders can directly communicate with Key to Markets' customer support team to address any questions, technical issues, or account-related matters they may have.
Educational Resources
Key to Markets offers webinars with information about upcoming webinars as well as video replays of previous webinars. In addition to this, it offers advice and related courses for beginners to get started, including Day trading tips for beginners, 5 Best Books about Day Trading, and Day Trading Order Types.
Conclusion
In conclusion, Key to Markets is an unregulated forex broker, offering a variety of trading services and products, including Forex, indices, commodities, and shares. It provides multiple account types and access to the popular MT4 trading platform. It's worth noting that Key to Markets offers educational resources, but the overall quality and comprehensiveness of these resources may vary. A significant disadvantage is that Key to Markets is unregulated, which may raise concerns about its legitimacy and safety for trading. Traders should exercise caution and conduct thorough due diligence before engaging with an unregulated broker.
FAQs
Q: What financial instruments can I trade with Key to Markets？
A: Key to Markets allows trading in Forex, indices, commodities, and shares.
Q: What are the different types of trading accounts offered by Key to Markets？
A: Key to Markets offers three types of trading accounts: MT4 Micro, MT4 Standard, and MT4 Pro.
Q: What is the leverage offered by Key to Markets？
A: Key to Markets offers a maximum leverage level of up to 1:100.
Q: What trading platforms are available at Key to Markets？
A: Key to Markets offers the MetaTrader4 (MT4) trading platform for Windows, Mac, iPhone, and Android devices. They also integrate with Myfxbook AutoTrade, a social trading platform, and provide a free VPS service for automated trading systems.
Q: How can I deposit and withdraw funds with Key to Markets？
A: Key to Markets provides various payment methods, including wire transfer, SEPA transfer, card payment, UnionPay, Alipay, and e-wallets.
Q: How can I contact Key to Markets' customer support？
A: You can contact Key to Markets' customer support team via email at soporte@keytomarkets.com or by telephone at +52 55 2789 5353.
Q: What educational resources does Key to Markets offer？
A: Key to Markets offers webinars, and some tips for beginners.
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