Key to Markets Minimum Deposit

Key To Markets - Minimum Deposit

 

Key to Markets Minimum Deposit

 

The Key to Markets minimum deposit amount that Key to Markets requires is $100.

The minimum deposit amount of $100 when registering a live account is equivalent to ZAR1,766.17 at the current exchange rate between US Dollar and South African Rand on the day that this article was written.

Key to Markets is a UK-based broker which is authorized and regulated by some of the strictest and most demanding regulating entities namely FCA, FMA and DMCC, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as Key to Markets are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

 

Deposit fees and deposit methods

 

Key to Markets charges deposit fees of 2.5% on all payment methods except Bank Wire Transfer when deposits are made into the trader’s account.

Traders can make the minimum deposit by using these payment methods:

  • Bank Wire Transfer
  • Credit/Debit Cards (restrictions apply to some countries)
  • Skrill (Only for non-EU clients)
  • Neteller
  • Sticpay

 

Key to Markets supports a variety of deposit currencies in which traders can fund their accounts including:

  • USD
  • EUR, and
  • CHF

 

Step by step guide to deposit the minimum amount

 

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:

1. Log into the Client Portal and select ‘Deposit’
2. Select the deposit method along with the amount.
3. After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.

Traders should take note that with making deposits by using Bank Wire Transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Bank Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

 

Pros and Cons

 

PROS CONS
1.      Deposit fees not charged when using Bank Wire Transfer 1.      Deposit and Withdrawal fees on most payment methods
2.      Quick and easy depositing of funds 2.      Only three deposit currencies

 

FAQ

 

What is the minimum deposit for Key to Markets?

$100

 

How do I make a deposit and withdrawal with Key to Markets?

You can make use of the following payment methods to deposit or withdraw funds:

  • Bank Wire Transfer
  • Credit/Debit Cards (restrictions apply to some countries)
  • Skrill (Only for non-EU clients)
  • Neteller
  • Sticpay

 

Does Key to Markets charge withdrawal fees?

Yes.

There is a 1% fee when traders use payment methods other than Bank Wire Transfer.

 

How long does it take to make a withdrawal?

  • Bank Wire Transfer – two to several business days
  • Credit/Debit Cards – can be instant, but it may take a few days
  • Skrill – up to one business day
  • Neteller – up to one business day
  • Sticpay – up to one business day