Looking to read KeyTo4X reviews, you are in the right place. Should you trade with KeyTo4X.com? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is KeyTo4X?
KeyTo4X FX otherwise known as KeyTo4X.com is an offshore brokerage with a lot of promises for forex traders. The broker claims to offer crypto investment services to their clients.
On the website, KeyTo4X offers different account types such as Basic ECN, Standard, Premium, Privilege and VIP —-
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
What We Discovered about KeyTo4X.com Regulation
First of, KeyTo4X.com claims registered address in the United Kingdom. However, at the bottom of the page there is another address in the US, which is rather strange. It also claims to be globally regulated and licensed.
In order to clear the suspicion, we checked the local authority Financial Conduct Authority (FCA) UK database. But, we did not find any evidence that this company is linked to the KeyTo4X website.
Furthermore, the document claims that this company is incorporated in a different offshore zone, Saint Vincent and the Grenadines (SVG). The SVG financial regulator does not licence or supervise brokers at all.
These are drawbacks for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
KeyTo4X Minimum Deposit for Traders
The broker KeyTo4X FX has specified $100 as its minimum deposit based on its account type. In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
KeyTo4X accepts different payment options such as Visa, WebMoney, some popular e-wallets like Skrill, Neteller, as well as crypto transactions with Bitcoin. When trying to use a bank transfer or credit card, the website displays an error message.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
KeyTo4X Provides What Trading Software?
KeyTo4X offers industry trading platform MetaTrader 5 (MT5). But, after registering an account, it turned out that this is just a demo version provided by another broker, but not KeyTo4X itself.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
With that said, the KeyTo4X leverage is fixed at 1:500. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
KeyTo4X Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that KeyTo4X.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
KeyTo4X located at KeyTo4X.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Was the information helpful? Please share with us your experience in the comment section below. Thank you!