Key To Markets presents itself as a true ECN brokerage offering forex and CFD trading on the MT4 platform through two types of real accounts. KEY TO MARKETS INTERNATIONAL Limited is a company incorporated in Mauritius under company number 169425 and regulated by the Financial Services Commission of Mauritius (FSC) as an investment dealer, license number GB19024503. In addition, KEY TO MARKETS Limited is a company registered in the United Kingdom and regulated by the Financial Conduct Authority (FCA) with registration number 527809.
You can trade through one of the most popular trading terminals in the world – MetaTrader 4 (MT4). MT4 has an intuitive interface with advanced and automated trading capabilities. The platform offers dozens of custom indicators, real-time pricing, nine timeframes, and a historical data feed. It is easy to use, with customizable charts, making it a great platform for both beginners and experienced traders. More experienced traders can take advantage of the FIX API protocol, which allows users to directly use the broker’s quotes for fast order routing. According to the company, this allows traders to bypass the administrative part of the MT4 terminal and connect directly to the broker’s liquid pools.
Key To Markets supports ECN trading on a wide range of assets, including over 65 currency pairs consisting of 8 major and 11 exotic currencies. 14 CFDs are available on indices as well as over 60 global company shares on 4 major stock exchanges. You can also trade commodities, including metals and energy.
The brokerage company offers two types of real accounts: Standard and PRO. The only difference between the two accounts is the commission structure – no commission with the Standard account and USD 8 commission per lot with the PRO account. Both accounts require the same minimum deposit of EUR or USD 100 and allow true ECN execution, the company claims.
The instrument spreads depend on which of the two accounts you will be using. The Standard account is commission-free but charges a 1 pip markup on the raw spread. The PRO account uses raw spreads but charges commission – EUR 6 or USD 8 per traded lot round turn. (EUR 3/ USD 4 to open and EUR 3/ USD 4 to close) and it is proportional to the trade volume. Raw spreads are around 0.4 pips for the EUR/USD pair and around USD 0.25 for Gold. The upper leverage limit can be increased up to 1:500 for both types of accounts. Keep in mind that leverage can help increase profits quickly, but it can also increase losses and wipe out your account if risks are not managed effectively.
Key To Markets offers 9 ways to deposit, including bank transfer, card payments and e-wallets such as UnionPay and AliPay. Payments by bank transfer and Mastercard are commission-free, while those via e-wallets, UnionPay, AliPay and Visa/Maestro cards have a commission of 2.5%.
There are 4 withdrawal methods available that take 1 business day to process: Bank Transfer, Skrill, Neteller and Sticpay. The company does not charge a fee for bank transfers, but there is a 1% commission for other methods.
Good broker with low spreads but does not support US clients. No problems with deposit/withdrawal of funds and good execution speed.