Key to Markets Broker Review

Get to know Key To Markets in this concise forex broker review covering everything from spreads to the number of CFD markets to ECN liquidity, language support and regulation.

In this review, we will take an in-depth look at KTM’s features and services to help you decide if this forex broker is right for your needs as a trader.

Who are Key to Markets?

Key to Markets (KTM) is a brokerage firm used by traders, institutional investors, and companies around the world. Established in 2010, the broker proivdes access to the global markets including forex and CFDs in a regulated environment, with a variety of trading tools and capabilities for traders to choose from.

There are important statistics that should be known about any broker you are considering trading with. Let’s go through them first.

Summary

Key to Markets Features

1 Account Types

Key to Markets provides two account types; PRO account and Standard Account. Both accounts have ECN execution with different commission structures.

Key to Markets PRO Account

The PRO account gives traders access to the most competitive spreads on the market. This account requires a commission payment in addition to the spread, which is €6 or $8 per traded lot round turn (€3/$4 when opening, €3/$4 when closing).

The commission is proportional to the volume of the trade; a mini-lot trade (0.10 volume) will incur an additional charge of €0.60 or $0.80 while a micro-lot trade (0.01 volume) comes with a commission of €0.06 or $0.08 and so forth. This PRO account is preferred by high frequency traders who trade on short timeframes including scalpers or simply traders who prefer raw spreads and a commission instead of only a wider spread.

 *Subject to change, make sure to check the latest pricing on keytomarkets.com.

Key to Markets Standard Account

On the Standard account, there is no need to pay any commission per lot – just the interbank market raw spread plus one pip. In most cases, you will see a slightly higher spread (1 pip = 10 points) than on the PRO account, however without having to pay a commission. Spreads are determined by market conditions, so traders can be sure of competitive rates for every trade and an overall cost effective trading experience.

2 Spreads

Key to Markets provides traders with direct access to the interbank market and raw spreads as low as 0 pips for EUR/USD trades. The trading team works diligently to continually lower spreads by introducing new liquidity sources and improving IT solutions. As a result, KTM offers some of the most competitive trading conditions in the market.

3 Tradable Assets

• Forex: There are over 65 currency pairs available including a selection of majors and exotic pairs.
• Indices: There are various indices avilable as CFDs, including China 50 Index, German DAX 30 Index, US Nasdaq 100 Index, and US S&P 500 Index.
• Commodities: Key to Markets provides over CFDs on commodities available to trade precious metals, energy and soft commodities.
• Shares: The broker provides over 60 shares including major US, French, German and Spanish shares.

4 Education

The broker provides an extensive range of educational resources for novice and experienced traders alike. These include a weekly market analysis, detailed blogs, seminars, webinars and training modules to help traders stay up to date with the latest market news and trends.

Education is an essential part of becoming a successful trader. It can help you develop skills such as risk management and technical analysis that will allow you to make better trading decisions and become more profitable in the long run. With Key to Markets’ wide selection of educational materials, you have access to valuable insights about the markets which can help you increase your knowledge and grow as a trader.

5 PAMMs

Key To Markets also offers its clients access to PAMM accounts – a type of managed account which allows traders to participate in the forex market without having to execute trades themselves.

Key to Markets offers a PAMM account to ensure that the regular trading accounts are separate from the investor’s PAMM account. Through the web interface, investors can access the account from PCs, smartphones, and tablets.

Each day, a detailed report is sent via email for each subscribed PAMM containing historical charts of leverage, daily return volatility, recovery factor, geometric average returns, Sharpe ratio, and more. All of these provide valuable insights into the performance of each strategy helping investors make informed decisions.

6 Commissions

The commission depends on the account type – standard or PRO. Standard accounts do not charge commissions while PRO accounts do. The commission on a PRO account is proportional to the volume of the trade; a mini-lot trade (0.10 volume) will incur an additional charge of €0.60 or $0.80 while a micro-lot trade (0.01 volume) comes with a commission of €0.06 or $0.08.

7 Fees

Deposit Fees

There are no deposit fees for deposits made via Bank wire or SEPA transfers.

However, a 2.5% commission is charged for deposits made via Mastercard, VISA, Skrill, Neteller, Sticpay, Unionpay and Alipay.

Payments from third-party accounts are forbidden and you can only make transfers from an account in your name.

Withdrawal Fees

There are no fees for bank wire withdrawals. However, Skrill, Sticpay and Neteller withdrawals incur a 1% fee.

8 Trading Platforms

Metatrader 4

MetaTrader 4 is a powerful and popular online trading platform that can be linked to your Key to Markets account – providing access to various assets including Forex, CFDs, Futures, Indices, Stocks, Metals, and Cryptocurrencies. MetaTrader 4 offers advanced charting tools and automated trading capabilities. With its intuitive user interface and features such as one-click order entry, real-time market data streaming and expert advisors (EAs), it is perfect for both beginners and experienced traders alike.

Key to Markets supports all trading systems and strategies, and with MT4’s wide range of features, you can easily customize your own setups and make the most of your strategy. MT4 is availabe on Windows, Android and Mac, providing traders with the ultimate flexibility.

MyFxbook Autotrade

The autotrade feature, powered by MyFxbook, allows traders create their own trading portfolios and execute trades by copying or mirroring successful traders. The autotrade feature works with all compatible trading platforms, including MetaTrader 4, so you can easily copy your favorite trader’s strategies and apply them to your own trading accounts.

The autotrade feature on MyFxbook includes a range of tools such as trade analysis and risk management that allow traders to manage their portfolios more efficiently.

9 Regulatory Compliance & Licensing

Key to Markets is regulated by the FSC in Mauritius and the Financial Conduct Authority in the Uk. This means that Key to Markets follows the strictest regulatory standards and must adhere to anti-money laundering and Know Your Client (KYC) procedures. This provides an extra layer of security for clients’ funds, as they are held in segregated bank accounts.

Is Key to Markets a Good Broker?

Overall, Key to Markets is a great broker for traders looking for low-cost trading on Forex, CFDs and other financial instruments. Its wide range of tradable assets, competitive spreads and fees, as well as its user-friendly platforms make it an ideal choice for both beginner and experienced traders alike.

Key to Markets has won several Global Forex Awards, including for Best Forex ECN broker, Best Forex Execution and Best Broker Trading Platorm in Asia.

FAQs

Is Key to Markets Safe?

Key to Markets is considered a relatively safe broker. It is regulated by two leading financial authorities – the FSC and the FCA, which ensures that your money is held in segregated bank accounts and follows strict anti-money laundering (AML) and Know Your Client (KYC) procedures.

Is Key to markets good for beginners?

Yes, Key to Markets is an ideal choice for beginner traders due to its user-friendly platforms such as MetaTrader 4 and MyFxbook Autotrade. Additionally, its tight spreads and low commission fees mean that trading costs are kept low.

No, Key to Markets is not licensed in the USA and therefore does not accept customers from the US.