Key to Markets is an online forex and CFDs broker established in 2010. Key to Markets operates from the UK and is authorised and regulated by FCA in the UK and FSC in Mauritius.
Key to Markets offers over 200 tradeable assets from various asset classes of CFDs, including forex, commodities, stocks, indices and bonds. In addition, the broker offers MT4 and FIX API to facilitate trading activities. In addition, the broker offers multi-management accounts for copy trading & social trading and autotrading through Myfxbook.
Unfortunately, Key to Markets offers limited to no educational and research resources. The only educational resource the broker has is its blog.
Key to Markets is an established forex and CFDs broker from the UK that is over a decade old and regulated by FCA and FSC. The broker keeps its clients’ funds in segregated bank accounts. In addition, Key to Markets has over 200 tradeable assets through MetaTrader 4 and FIX API. Moreover, the broker provides copy trading and social trading through PAMM accounts and Myfxbook AutoTrade. Key to Markets has competitive trading costs: tight spreads starting from 0.0 pips and commission-free trading. The broker allows hedging, scalping, news trading and expert advisors. For EU clients, deposits via bank wire and debit/credit cards are free. Last but not the least, Key to Markets provides VPS service to enable its clients to do autotrading.
On the other hand, Key to Markets does not accept clients from some countries, such as the US. The company is not traded on any stock exchange, and the financial information is not disclosed publicly. Key to Markets does not hold a banking licence either. The broker requires a minimum deposit of $100 and charges a withdrawal fee for most payment methods. Key to Markets has a limited product portfolio of 200+ CFDs and does not offer crypto trading or funding. There are no fixed spread accounts available at Key to Markets. However, the broker has demo accounts and Islamic accounts available. Educational and research resources are insufficient.
Key to Markets has a product portfolio of 200+ tradeable CFDs. These CFDs are from various asset classes, including forex, commodities, stocks, indices and bonds.
However, this product portfolio might seem limited for many traders as there are no cryptocurrencies, options, or ETFs to trade. And the available asset classes have a small number of instruments each.
Key to Markets Instruments Summary
| Instruments | Key to Markets |
|---|---|
| Forex | ✓ |
| Stocks | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Cryptos | x |
| Options | x |
| Bonds | ✓ |
| ETFs | ✓ |
| CFDs | ✓ |
Commission and Spread Fees
Ket to Markets offers two main types of accounts that fulfil the needs of almost all types of traders.
Standard: Standard account has tight spreads starting from 1.0 pip with ECN executions without any commission fee.
Pro: Pro account has raw spreads starting from 0.0 pip and commissions starting from $8 per standard lot per round trip.
| Fee | Standard MT4 | Pro MT4 |
|---|---|---|
| Commission (per standard lot per side) | $0 | $4 |
| Spreads from | 1.0 | 0.0 |
Deposit and Withdrawal Fees
Key to Markets does not charge any deposit fee for bank transfers and debit/credit cards (EU clients) but charges a certain (2.5%) fee from non-EU clients for all payment options except wire transfers. There is a 2.5% deposit fee for using each electronic payment service.
Withdrawal via wire transfers are free. However, all other payment options carry a 1% withdrawal fee.
Inactivity Fees
Fortunately, there is no inactivity fee charged from clients.
Key to Markets provides two trading platforms: the industry-standard MetaTrader 4 (MT4) platform and a FIX API solution. In addition, copy trading and social trading are also available with multi-account management (PAMM accounts) and Myfxbook.
MetaTrader 4
Key to Markets provides the power of ECN trading using the widely used MT4 trading interface. MT4 is well-known for its easy-to-use interface and short learning curve. It is utilised by traders of different levels of expertise from all around the world. It is easy enough for novices while yet including enough complex capabilities to satisfy more experienced traders.
MT4 is accessible on desktop platforms (Windows and Mac), online browsers, and mobile apps (iPhone, iPad, Android, and Tablet). The online version runs directly in the web browser and does not require any other software to be installed. If you have an internet connection, you may access your account and trade from anywhere at any time using the MT4 app. The software is available for download from the respective app stores on both Android and iOS smartphones.
- MT4 includes a plethora of built-in capabilities for fast trading and chart research.
- 9 chart periods and real-time quotes for all instruments inside the market watch window
- There are several order kinds.
- A large number of built-in technical indicators and graphical elements are available for chart analysis.
- Templates for charts
- Notifications are sent by email, SMS, and inside the platform.
- Expert advisor-assisted trading (EAs)
- MetaEditor for writing custom indicators and expert advisors (EAs) in the MQL programming language. Strategy tester for testing EAs against historical data
FIX API
The FIX API is an electronic communications protocol designed for the real-time transmission of trade-related data. It is often utilised by professional traders and eliminates the need for intermediation software. It gives you direct market access with your own programmes.
Advanced developers and quant traders can use their own proprietary algorithms and black boxes to connect to the Key to Markets server and access the FIX (Financial Information Exchange) price data feeds by using the FIX API. This enables a direct link to institutional liquidity sources, resulting in shorter latency and higher fill rates.
Advantages of FIX/API are as follows:
- Direct access to institutional liquidity pools.
- Reduced latency.
- Fill rates have improved.
- For any hedges or strategy integration with extra scripts and EAs, use an MT4 mirror/coverage account.
The following requirements must be completed in order to connect to servers through FIX/API:
- Maintaining a minimum amount of €5,000 on the trading account.
- A minimum of 500 lots traded (open and closed) each month is required; else, a €500 fee will be levied for each month that volumes are below.
PAMM Accounts
The PAMM system, also known as the Percentage Allocation Management Module, is a software programme that allows traders to communicate their methods with investors who are interested in them.
PAMM for Investors: Investors may access their PAMM accounts using a web-based user interface, which means they only need their standard web browser on any device (whether mobile or desktop computer), and no MT4 is required.
To ensure the segregation of monies utilised for personal and PAMM trading techniques, a dedicated PAMM Investor account is isolated from your personal MT4 trading account.
The PAMM Investor account is easily accessible via a web interface on a desktop PC, smartphone, or tablet. To access your PAMM Investor account, go to pammlogin.keytomarkets.com. You are free to use any browser (e.g. chrome, safari, firefox, opera, etc.).
Each enrolled PAMM sends the PAMM Investor a daily report via email.
If you merely want to subscribe to a PAMM and do not want to trade on your account, there is no need to download the MT4 platform or any other software.
PAMM for Manager: The money of the Investors who participated in the PAMM is pooled into a single MT4 account (also known as a “Master account” or “MM”), which is managed by the Trader in the same way as any other MT4 account.
The PAMM system executes an automated technique known as “Rollover” on an hourly basis and calculates the Net Asset Value (NAV) so that the balance and equity value of the Investors’ accounts are updated accordingly.
It is critical to realise that the PAMM system assigns the P/L of both closed and open positions on an hourly basis, rather than allocating the traded lots as other brokers’ MAM systems do. This function has various advantages, such as the distribution among investors of the profit/loss created by a micro lot (0.01 volume) without any “rounding” issues.
Advantages
- Experienced traders can maximise their earnings while also establishing a verified track record, which might be the first step on their journey to becoming a Professional Fund manager.
- Investors with limited time can benefit from the greatest methods given by Traders on the Social PAMM page while maintaining full control over their own funds.
- Investors can swiftly join or exit a PAMM by following a simple process that is generally completed within a few working hours.
- Profit/loss allocation for all trades based on hourly NAV calculation
- It is built on an internet platform. Thus, no software is required.
- The service is highly customisable: investors can choose which PAMM to join on their own, and managers can set flexible fee structures (“offers”).
- Managers can feel secure using the technology since the strategy’s intellectual property is safeguarded (Investors cannot reverse engineering).
- Recreate the results of one or more effective trading strategies.
- There is no need to hire a VPS (you will save at least €35 per month).
- Risk diversification is achieved by assembling a portfolio of several strategies.
- You may view your account in real-time and receive your daily statement through email.
- Within one business day, you can join or quick a PAMM.
- There is no chance of being assigned pre-existing losses because the programme computes the NAV and distributes all profit and loss on an hourly basis.
- Fee structures that may be customised: establish performance, management, and other sorts of fees.
- There are no extra fees.
- Showcase your plan on the Social PAMM page to attract new investors and expand your firm.
- Widgets for your website are available for free.
- Complete intellectual property protection for your trading method.
- There are no “rounding” difficulties since the PAMM system distributes the P/L of each trade rather than the lots.
Note: It’s important to understand that past performance does not promise a bright future, so you should only invest in copy trading wisely.
Myfxbook AutoTrade
Key to Markets provides the option to use the Myfxbook AutoTrade system. You can link your MT4 trading account to your favourite trading system(s) featured on the Myfxbook.com website by selecting the “AutoTrade account” type. Myfxbook AutoTrade enables you to build your own portfolio by following successful traders without having to pay any performance or maintenance fees.
The benefits of Myfxbook AutoTrade are as follows:
- There is no need for programme installation because AutoTrade is backed by its own servers.
- Traders can only discuss tactics that are currently active on real accounts.
- Only the top systems are chosen by Myfxbook.
- Myfxbook rewards signal providers only on winning trades.
- Real data and reliable statistics are offered in order to lower your risk and increase your return.
- Trade mirroring is totally automated, and trades are automatically mirrored to your account, eliminating the need for a virtual private server.
- You may test AutoTrader in demo mode first and then go live when you’re ready.
- You will be able to add and remove any system at any moment.
VPS Hosting
VPS (Virtual Private Server) is used by experienced traders to conduct automated trading systems. VPS enables the use of Expert Advisors (EAs) without the requirement for specialised gear or a continual internet connection. The virtual private server enables traders to run their strategies 24 hours a day, seven days a week, in a safe and trouble-free manner. Key to Markets will pay for your VPS without any further work on your behalf. The following prerequisites must be met in order to use the free VPS service:
- 5 forex lots per month for the VPS Base with one CPU and one gigabyte of RAM
- more than ten forex lots per month for the VPS Standard with two CPUs and two gigabytes of RAM
Key to Markets Platforms Summary
| Platform | Key to Markets |
|---|---|
| MetaTrader 4 (MT4) | ✓ |
| MetaTrader 5 (MT5) | x |
| cTrader | x |
| Proprietary | x |
| Desktop | ✓ |
| Web | ✓ |
| Mobile | ✓ |
| Social Trading | ✓ |
| Other | ✓ |
Key to Markets does not offer many educational and research resources. The blog is the only educational resource the broker has on its website. The blog covers weekly outlooks and market analysis. It’s quite unfortunate that the broker lags in providing essential educational and research tools, including videos, guides, tutorials, webinars & seminars, trading calculators, economic calendar, Trading Central and AutoChartist.
Key to Markets Research and Education Summary
| Resources | Key to Markets |
|---|---|
| Market Analysis | ✓ |
| Guides | x |
| Videos | x |
| Webinars | x |
| Autochartist | x |
| Trading Central | x |
| Economic Calendar | x |
| Other | x |
Key to Markets offers and accepts payments through wire transfers, e-wallets and debit/credit cards. Unfortunately, the broker does not offer crypto funding at this time.
Key to Markets Funding Summary
| Payment Method | Deposit | Withdrawal |
|---|---|---|
| Wire Transfer | ✓ | ✓ |
| Credit/debit Card | ✓ | ✓ |
| Electronic Wallets | ✓ | ✓ |
| Cryptos | x | x |
Key to Markets Group has three entities that are registered and regulated in two jurisdictions:
- KEY TO MARKETS INTERNATIONAL Limited: the Financial Services Commission (FSC) of Mauritius
- KEY TO MARKETS Limited: the Financial Conduct Authority (FCA), the UK
- KEY TO MARKETS NZ Limited: a company registered in New Zealand
Key to Markets Regulation Summary
| Regulator | Key to Markets |
|---|---|
| ASIC (Australia) | x |
| IIROC (Canada) | x |
| CySEC (Cyprus) | x |
| SFC (Hong Kong) | x |
| JFSA (Japan) | x |
| MAS (Singapore) | x |
| FINMA (Switzerland) | x |
| FCA (UK) | x |
| CFTC (USA) | x |
| Other | x |
Key to Markets Safety
Client monies are held in segregated accounts with high-credit-rating custodian institutions at Key to Markets. This implies that they are kept distinct from corporate finances and so cannot be utilised for other purposes, such as business operating expenses.
Key to Markets offers 24/5 customer support via email and phone during business hours. Unfortunately, the broker does not provide online chat support, which is a preferable method for most of the traders who get into trouble or have a question that they want to be answered immediately. One more lagging factor is the non-existence of an FAQs section.
Key to Markets is a reputed ECN broker with stringent regulations in place to provide clients with peace of mind. They provide a good assortment of trading products, as well as the popular MT4 trading platform and a FIX API solution. In addition, they provide a free VPS to qualified clients and have PAMM accounts. There is the option of trading with narrower spreads and paying a lower commission or trading commission-free but with a higher spread. They might enhance their trading tools and teaching resources, which are now distinctly lacking.
