FXKEY LTD Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-17 15:34

Abstract：Established in 2023, FXKEY is an unregulated broker registered in Saint Lucia, offering trading in Forex, Indices, Stocks, and Futures with spread from 1.4 pips on the Standard account and flexible leverage up to 1:500 on the MT5 platform. Demo accounts are available but the minimum deposit is as high as $250.

　　Note: FXKEY LTD's official website - https://fxkeyltd.com/ is currently inaccessible normally.

FXKEY LTD Review Summary
Founded	2023
Registered Country/Region	Saint Lucia
Regulation	No Regulation
Market Instruments	Forex, Indices, Stocks, Futures
Demo Account	✅
Leverage	Up to 1:500
Spread	From 1.4 pips (Standard account)
Trading Platform	MetaTrader 5 (MT5)
Min Deposit	$250
Customer Support	Tel: +971 4 572 7934
	Email: support@fxkeyltd.com
	Social media: Instagram, Linkedin
	Address: Ground Floor, The South Bay Building, Rodney Bay, Gross-Islet Saint Lucia, P.O. box 838, Castries, Saint Lucia
	107, 1st Floor MetroPolis Tower, Business Bay, Dubai, UAE

　　Established in 2023, FXKEY is an unregulated broker registered in Saint Lucia, offering trading in Forex, Indices, Stocks, and Futures with spread from 1.4 pips on the Standard account and flexible leverage up to 1:500 on the MT5 platform. Demo accounts are available but the minimum deposit is as high as $250.

Pros and Cons

Pros	Cons
Multiple trading products	Non-functional website
Diverse account types	No regulation
Demo accounts available	High minimum deposit
Flexible leverage ratios	Unknown payment methods
MT5 platform
Comprehensive customer support

Is FXKEY LTD Legit?

　　As of now, FXKEY LTD conducts its operations without the protection of valid regulatory supervision, thereby giving rise to concerns about the possibility of fraudulent actions. The company was registered on September 4, 2023, and its domain is indicated as having a “client Transfer Prohibited” status. Hence, it is of utmost importance for potential clients to be extremely cautious and give top priority to the security of their funds when contemplating doing business with this brokerage firm.

What Can I Trade on FXKEY LTD?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Stocks	❌
Futures	❌
Commodities	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
STANDARD	$250
VIP	$5 000
ECN	$15 000

Leverage

　　FXKEY LTD offers a maximum leverage up to 1:500. Note that high leverage can amplify both profits and losses.

Account Type	Max Leverage
STANDARD	1:500
VIP	1:400
ECN	1:100

Spread and Commission

Account Type	Spread	Commission
STANDARD	From 1.4 pips	❌
VIP	From 0.9 pips	❌
ECN	From 0.2 pips	$5 per lot

Trading Platform

　　FXKEY utilizes the MetaTrader 5 (MT5) trading platform, renowned for its advanced features, customizable interface, and robust trading tools. MT5 is more suitable for experienced traders.