- ECN with no dealing desk intervention
Competitive spreads on major FX pairs
Good customer support
- MT4 platform only
No equity market
Limited to normal working hours customer support
Limited to Euro and Dollar accounts
Limited language support
|Type of Broker
|Free Demo Account
|Number of Assets
Forex, Indices, Commodities, Energies, CFDs
|Minimum Trade Size
Key to Markets Review
Looking for a reliable Forex trading company? Key to Markets might be your choice.
Key to Markets (KTMarkets) is a brokerage company hailing from New Zealand, which offers access to the financial markets and has clients worldwide. It is also known as KTMarkets and is regulated by the FCA. The broker also allows a 'No Dealing Desk' in Forex trade, and CFDs on indices, metals, and commodities.
Key to Markets NZ Ltd. gives additional security to clients’ funds, as it is a part of the Financial Service Providers Register (FSPR) under No FSP296226.
Minimum Initial Deposit:
KTMarkets requires a minimum deposit of 100 EUR or USD. If you are a beginner, this is a reasonable amount to start with. In case you just want to test the waters, this is the perfect platform for you to start with. There are some brokerages that do not require a minimum deposit at all, but KTMarkets gives you value for money.
Commission & Spreads:
KTMarkets is an NDD broker, and it gives variable spreads. KTM Trader and MTP4 FX account-holders can even trade with spreads as low as 0.0 on EUR/USD.
With Key To Markets, you can experience commission-free Forex trading. It’s pretty much the standard practice though today, and most other brokerage sites do it. Spreads start from 0.7 pips and they charge an average commission of 0.10 % on CFDs.
KTMarkets offers a maximum leverage of 1:500, which is actually high when compared to other trading platforms that give leverage of up to 1:200 or 1:400.
KTMarkets has two trading platforms for the user to choose from- the popular MT4 and the in-house platform KTM Trader. If you want to trade on the KTM Trader platform, you will need a higher initial deposit. The maximum leverage level offered, however, is lower.
KTMarkets’ proprietary platform has a host of advanced features that will help you execute complex algorithms. However, this platform will only allow you trade in futures.
Then there is the industry platform, Metatrder4 that is widely popular in the market and it gives you a smaller initial deposit and higher leverage level. Both the MT4 and KTM Trader can be accessed from mobile devices.
KTMarkets often gives monthly discounts to Trader FX account holders who trade in high volumes.
Methods of Payment:
If you want to deposit money to trade in KTMarkets, you can do so by various methods- Credit cards (Visa and MasterCard), bank wire, SEPA, NETELLER, WebMoney, Sofort, Neosurf, Skrill, and UnionPay. It’s pretty much any payment method you want to pay for, unless a check is your choice.
Should you go for it?
Key to Markets is an NDD broker, which allows you to trade in everything from Forex, CFDs to futures easily, through its superior trading platforms. It aims to provide a healthy trading environment, which is both competitive and healthy. While this may not be an ideal choice for beginners, advanced traders will love it. A friendly customer service helps to clear all your doubts and queries. Your money will also be kept under strict protection.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital.
Rating - Key-To-Markets