Key to markets (KTMarkets) is a New Zealand brokerage offering access to financial markets to institutional, corporate and private clients around the world. KTMarkets is a trade name of Key to Markets NZ Ltd., wholly owned by the UK-based Key to Markets Ltd., regulated by the FCA.
The broker offers execution of transactions on the NDD model, 40 currency pairs, CFDs (on indices, metals and commodities) and futures trading.
Key to Markets NZ Ltd does not offer any services to New Zealand residents, nor is it licensed or controlled by a regulatory agency in New Zealand.
Key to Markets NZ Ltd. provides a guarantee for customer funds as the company is listed on the Financial Service Provider Register (FSPR) under # FSP296226 as a member of the New Zealand Financial Dispute Resolution (EDR) program. It provides an opportunity to receive compensation in the amount of up to USD 200,000 in the event of a broker's bankruptcy.
The parent company of Key to Markets Ltd is regulated by the FCA and is entitled to operate throughout the European Union in accordance with the rules of the MiFID directive.
There are 3 types of live accounts in the company: MT4 Standard, MT4 Pro and KTM Trader FX. As the names suggest, MT4 Standard and Pro account holders gain access to the Forex market through the popular MetaTrader 4 platform.
The KTM Trader FX account is geared towards experienced traders and also allows for complex automated algorithms.
In addition, there is a KTM Trader Futures account dedicated to trading futures.
Minimum initial deposit
The minimum initial deposit required by KTMarkets is € 100, or USD. This is the average amount to start trading, however some companies offer trading from $ 1.
Commission and spreads
Since KTMarkets is an NDD broker, it offers variable spreads. MT4 Pro and KTM Trader FX account holders can trade from 0 pips on EUR / USD. Commission for MT4 Pro is $ 4 per lot per one side, and for KTM Trader FX it is $ 3.5 per lot.
The MT4 Standard account offers ECN execution and higher spreads due to the fact that there is no commission charged.
When it comes to CFD trading, the average fees are typical for the industry: 0.10 EUR / AUD / USD for most indices (such as AUS200p, EU50p, FRA40p); $ 1 for silver and gold.
The maximum leverage level offered by KTMarkets is 1: 500, which is relatively high as most brokers usually offer up to 1: 200 or 1: 400 leverage.
In our ranking you can find brokers offering leverage of 1: 500 or higher.
KTMarkets offers its clients two trading platforms - the popular MT4 and its own KTM Trader platform. A significantly higher initial deposit ($ 10,000) is required to trade on the KTM Trader platform, and the suggested maximum leverage is lower (1: 100).
However, KTMarkets' own platform offers advanced features to automatically execute complex algorithms. Moreover, this platform allows you to trade futures. Regardless, it is likely that many traders will prefer the standard Metatrder4 as it is the most popular trading platform that offers higher leverage and a lower initial deposit.
Both MT4 and KTM Trader are available for mobile devices.
Bonuses and discounts
KTMarkets offers monthly discounts of up to $ 60 per month to Trader FX account holders who trade large volumes (over 50 lots per month).
Ways of payment
KTMarkets customers are offered various payment methods: credit cards (Visa and MasterCard accepted), bank transfer, SEPA, NETELLER, Skrill, postepay, WebMoney, Sofort, Neosurf, UnionPay, giropay, paysafecard.
NDD environment; high shoulder; selection of trading terminals; various payment methods.
the site is not Russified; a small selection of trading assets.
KTMARKETS is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker KTMARKETS makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. KTMARKETS received a score of 1 of 5 on our resource.