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On-line since: 2013
Country of origin: New Zealand
Regulation: FCA
Payment options: bank transfer, bank cards, e-wallets
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: from 0 pips

About the company:

Key to markets (KTMarkets) is a New Zealand brokerage company that provides institutional, corporate and private clients around the world with access to financial markets. KTMarkets is the trade name of Key to Markets NZ Ltd., which is owned by the British company Key to Markets Ltd., regulated by the FCA.

The broker offers order execution via the NDD model, 40 currency pairs, CFDs (on indices, metals and commodities) and futures trading.

Safety of funds

Key to Markets NZ Ltd does not work with residents of New Zealand, is not licensed or controlled by any New Zealand regulatory agency.

Key to Markets NZ Ltd. guarantees safety of clients' funds as the company is listed in the Financial Service Providers Register (FSPR) under No. FSP296226 as a member of the New Zealand Program for external dispute resolution (EDR). It provides an opportunity to receive compensation in the amount of up to $200,000 in the event of the broker’s bankruptcy.

Key to Markets Ltd is regulated by the FCA and has the right to operate in 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. The owners of MT4 Standard and MT4 Pro accounts have access to the forex market via the popular MetaTrader 4 platform.

The KTM Trader FX account is developed for experienced traders and allows them to use complex automatic algorithms.

The broker also offers the KTM Trader Futures account designed for futures trading.

Minimum initial deposit

The minimum initial deposit required by KTMarkets is 100 euro or US dollars. This is an average amount, but some companies offer trading with a $1 deposit.

Commissions and spreads

Since KTMarkets is an NDD broker, it offers variable spreads. Fees for account holders of MT4 Pro and KTM Trader FX start from 0 pips for EUR/USD. The commission on MT4 Pro is $4 per lot for one side, while holders of the KTM Trader FX accounts pay $3.5 per lot.

The MT4 Standard account offers ECN execution and higher spreads as there is no commission.

As for CFDs, average fees are typical for the industry: EUR/AUD/USD 0.10 for most indices (such as AUS200p, EU50p, FRA40p); $1 for silver and gold.

Leverage

The maximum level of leverage offered by KTMarkets is 1:500, which is relatively high, since most brokers usually offer a leverage of up to 1:200 or 1:400.

In our rating you can find brokers offering a 1:500 leverage or higher.

Trading platforms

KTMarkets offers its clients two trading platforms - the popular MT4 and its own platform KTM Trader. The KTM Trader platform requires a significantly higher initial deposit ($10,000), while the maximum level of leverage is lower (1:100).

However, the KTM Trader platform offers advanced functions for automatic execution of complex algorithms. Moreover, this platform allows you to trade futures. Despite this, it is likely that many traders will prefer the standard MetaTrader 4, as this is the most popular trading platform that offers a higher level of leverage and a smaller initial deposit.

Both MT4 and KTM Trader are available for mobile devices.

Bonuses and promotions

KTMarkets offers monthly discounts of up to $60 per month to the owners of Trader FX accounts, which sell large amounts (more than 50 lots per month).

Payment methods

KTMarkets supports various payment methods: bank cards (Visa and MasterCard), bank transfer, SEPA, NETELLER, Skrill, Postepay, WebMoney, Sofort, Neosurf, UnionPay, Giropay, and paysafecard.

Advantages:

• NDD environment;
• high leverage;
• choice of trading platforms;
• wide range of payment methods.

Disadvantages:

• limited choice of trading assets.