Introduction
KeyFXMarkets is a leading online broker that offers a wide range of trading products and services for its clients. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has been in business since 2012. The broker provides its clients with access to the popular MetaTrader 4 (MT4) trading platform, which is available for desktop, web and mobile devices. KeyFXMarkets also offers a variety of CFD instruments to trade, including forex, indices, commodities, stocks and more.
About KeyFXMarkets
KeyFXMarkets is a leading online broker offering trading in forex, CFDs, commodities, options and more. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers a variety of platforms for its clients including the popular MetaTrader 4. KeyFXMarkets also offer a wide range of tradable instruments including major, minor and exotic currency pairs, metals, energies and indices. In addition to its CySEC regulation, KeyFXMarkets is also a member of the Investor Compensation Fund (ICF) which provides additional protection for clients’ funds up to €20,000 in the event that the broker becomes insolvent.
User ratings for KeyFXMarkets are generally positive with the company receiving high marks for its customer service, platform offerings and tight spreads. There are some complaints about account verification process taking too long but overall user satisfaction remains high.
KeyFXMarkets Review – The Main Points
When it comes to trading forex, there are a lot of different brokerages and platforms to choose from. In this KeyFXMarkets review, we’ll take a look at some of the main points that make this particular brokerage stand out from the crowd.
For starters, KeyFXMarkets is a regulated broker. That means that it adheres to all the rules and regulations set forth by international financial authorities. This ensures that your money is safe and protected at all times.
In terms of Platforms, KeyFXMarkets offers both the popular MetaTrader 4 (MT4) platform as well as its own propriety web-based platform. Both platforms are feature-rich and offer a variety of tools and resources to help you trade effectively.
When it comes to Instruments, KeyFXMarkets offers a wide range of currency pairs, CFDs, metals, energies and more. So no matter what your trading style or preferences are, you’re sure to find something to suit your needs here.
And finally, in terms of User Ratings, KeyFXMarkets has an excellent reputation amongst its users. There are plenty of positive reviews and testimonials online from happy customers. All in all, this appears to be a broker that can be trusted and relied upon for your forex trading needs.
The Different Types of Accounts Offered by KeyFXMarkets
When it comes to forex trading, there are a variety of account types that traders can choose from. Each account type has its own set of features and benefits, so it’s important to choose the right one for your individual needs.
The different types of accounts offered by KeyFXMarkets include:
Standard Account: This is the most popular account type and is ideal for beginner to intermediate traders. It offers a minimum deposit of $100, leverage up to 1:200, and spreads from as low as 1 pip.
Premium Account: This account type is best suited for advanced traders. It offers a minimum deposit of $5,000, leverage up to 1:400, and spreads from as low as 0.8 pips.
VIP Account: This account type is designed for professional traders. It offers a minimum deposit of $25,000, leverage up to 1:500, and spreads from as low as 0.7 pips.
The KeyFXMarkets Trading Platforms
KeyFXMarkets offers a variety of trading platforms to its clients, each with its own unique set of features and benefits. The key platforms offered by KeyFXMarkets are the MetaTrader 4 (MT4) platform, the WebTrader platform, and the Mobile Trader platform.
The MT4 platform is one of the most popular trading platforms in the world and is used by millions of traders. KeyFXMarkets offers a wide range of features and tools on the MT4 platform, making it an ideal choice for both beginner and experienced traders.
The WebTrader platform is a web-based trading platform that offers users a simple and user-friendly interface. The WebTrader platform is accessible from any internet-connected device, making it a convenient option for those who want to trade on the go.
The Mobile Trader platform is KeyFXMarkets’ mobile trading app that allows users to trade on the go from their smartphones or tablet devices. The Mobile Trader app is available for both Android and iOS devices and offers a range of features and tools designed for mobile trading.
The Instruments Available to Trade with KeyFXMarkets
KeyFXMarkets offers a wide range of instruments to trade, including currency pairs, metals, energies and indices. All of these instruments are available on the MetaTrader 4 platform.
Currency Pairs:
The major currency pairs are all available to trade with KeyFXMarkets. This includes EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, NZD/USD and USD/CAD. There are also a number of minor and exotic currency pairs available.
Metals: Gold and silver are the two metals that are available to trade with KeyFXMarkets. Both of these metals can be traded against the US dollar.
Energies: Crude oil and natural gas are the two energies that are available to trade with KeyFXMarkets. These can both be traded against the US dollar.
Indices: There is a good selection of indices available to trade with KeyFXMarkets. These include the Dow Jones Industrial Average, S&P 500, Nasdaq 100, FTSE 100 and DAX 30.
The Fees Charged by KeyFXMarkets
When it comes to the fees charged by online brokerages, there are a few things that you need to take into account. The first is the spreads. The spreads are the difference between the bid and ask prices of a currency pair. For example, if the EUR/USD bid price is 1.1750 and the ask price is 1.1751, then the spread would be 0.0001 or 1 pip. In general, the tighter the spread, the better for the trader. The second thing to consider are commissions. Some online brokerages will charge a commission on each trade that is placed. The commission is usually a percentage of the total trade value and can vary depending on the brokerage. Finally, you need to take into account any other fees that may be charged by the brokerage, such as inactivity fees or withdrawal fees.
KeyFXMarkets offer competitive spreads on all of their currency pairs starting from just 0.1 pips. They also don’t charge any commissions on trades, which saves you money compared to other brokerages that do charge commissions. In terms of other fees, there is a small withdrawal fee of $25 when you request a withdrawal through bank wire transfer. Overall, KeyFXMarkets’ fees are fairly low and won’t eat into your profits too much.
User Reviews of KeyFXMarkets
When it comes to online trading platforms, there are a lot of options out there. But not all of them are created equal. That’s why it’s important to do your research and read user reviews before you decide which platform is right for you.
In this KeyFXMarkets review, we’ll take a look at the company’s regulation, platforms, instruments and user ratings. We’ll also share some user reviews so you can get a better idea of what other traders think about this platform.
KeyFXMarkets is a regulated broker that offers a variety of trading platforms and instruments. Their customer service is excellent and they offer very tight spreads. However, some users have complained about their withdrawal process. Overall, KeyFXMarkets is a good option for online trading.
Conclusion
All in all, KeyFXMarkets is a decent broker that offers its clients a wide range of financial instruments and platforms to choose from. The company is reliable and regulated by several financial authorities, which makes it a safe choice for online trading. The only drawback is the lack of customer support, but other than that, this broker is definitely worth considering if you are looking for a new place to trade online.