Key to Markets Fees and Spreads
Key to Markets Fees and Spreads
Regarding Key to Markets Fees Spreads and commissions start from $0.08 round turn per 1 Microlot with raw spreads from 0.1 pips.
Key to Markets has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.1 pips along with commissions charged from $0.08 RT per 1 Microlot when using the MT4 Pro Account.
Key to Markets trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
- MT4 Standard Account – minimum deposit of $100, zero commissions on trades, spreads from 1.0 pips along with raw spreads.
- MT4 Pro Account – minimum deposit of $100, commissions of $0.08 RT per 1 Microlot traded, traders using this account will have access to raw spreads starting from 0.1.
The maximum leverage that traders have access to (outside EU jurisdictions under the FCA) leverage of up to 1:500
The minimum deposit that Key to Markets requires to open an account is $100 which is average when compared to other brokers who offer similar trading conditions.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
Key to Markets offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.
Key to Markets does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.
Key to Markets does not charges a deposit fees at 2.5% and withdrawal fees of 1% on all payment methods, except Bank Wire Transfer, used when either funding the trading account, or withdrawing funds from it.
There is no indication of whether Key to Markets waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management.
To verify whether there are any additional fees or charges, traders will have to contact Key to Markets support before opening an account with the brokers
Pros and Cons
|1. Tight and competitive spreads||1. None noted|
|2. Low minimum initial deposit amount|
|3. Fixed commissions on trades|
|4. Low commissions when compared to other brokers|
How many instruments can I trade with Key to Markets?
You can trade the following instruments:
- Indices, and
Which platforms are supported by Key to Markets?
Key to Markets provides the following popular trading platforms:
- MetaTrader 4
- API FIX
- AutoTrade Myfxbook
Does Key to Markets offer leverage?
Traders residing outside of the EU and FCA regulatory jurisdiction have access to leverage of up to 1:500.
What spreads can I expect with Key to Markets?
Raw spreads from as little as 0.1 pips.
Does Key to Markets charge commission?
Commissions are charged at $0.08 RT per 1 Microlot when using the MT4 Pro Account.
Is Key to Markets regulated?
Yes, Key to Markets is regulated by the highly reputed FMA in New Zealand, FCA in the UK, and DMCC in Dubai.
Is Key to Markets a recommended forex trading broker for experts and beginners?
Yes, Key to Markets is suitable for both beginner and expert traders.
What is the overall rating out of 10 for Key to Markets?