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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.
Fund security
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.
Trading conditions
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.
Leverage
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.
Trading platforms
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.
Pros:
NDD environment; high shoulder; selection of trading terminals; various payment methods.
Minuses:
the site is not Russified; a small selection of trading assets.
KTMARKETS is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
KTMARKETS profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: 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 actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of 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 – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. 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 brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around 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. Companies 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 company you chose. KTMARKETS received a score of 1 of 5 on our resource.