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Key to Markets Minimum Deposit

Key to Markets Minimum Deposits

 

Overall Rating

4.7/5

Rated #46 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The Key to Markets Minimum Deposits amount to open a real trading account is 100 (one hundred) US dollars.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours

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.

They are 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 them 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

 

They charge 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

 

They support a variety of deposit currencies in which traders can fund their accounts including:

  • USD
  • EUR, and
  • CHF

 

Traders should take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider. The base currencies are USD, EUR, and CHF.

 

Step by step guide to depositing 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 in to 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.

 

Overall Rating

4.7/5

Rated #46 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

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

 

You might also like: Key to Markets Sign up bonus

You might also like: Key to Markets Demo Account

You might also like: Key to Markets Fees and Spreads

You might also like: Key to Markets Account Types

You might also like: Key to Markets Islamic Account

 

FAQ’S

 

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

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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