KTMARKETS

About company:

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.