KeyTo4X review 2023: 5 things you should know about keyto4x.com

Beware! KeyTo4X is an offshore broker! Your investment may be at risk.

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KeyTo4X is probably the worst type of broker you don’t want to mess up with. This firm is 100% not regulated and its registered address is also questionable. Some parts of its trading conditions are quite unfavorable as well, but that’s not the worst thing. Believe it or not, KeyTo4X doesn’t offer its own trading software, so it would be absolutely pointless to open an account here. The only thing you might achieve is losing your money entirely. So if you consider trading cryptocurrencies, stocks or metals, better look for a reputable broker instead. For more details on KeyTo4X, read the following lines

KeyTo4X Regulation and safety of funds

KeyTo4X claims its registered address to be in London, the UK. At the bottom of the page however there is another address in the US, which is rather strange. It also claims to be globally regulated and licensed.

Anyway, as any broker based in those countries must be licensed by relevant authorities it was easy as pie to prove this broker’s illegitimacy. First we just made a quick search in the registers of the Financial Conduct Authority (FCA) of the UK and it was perfectly clear that KeyTo4X is not authorized to provide investment services. Take a look:

This firm is not licensed in the US as well – we checked the registers of NFA and KeyTo4X is not a member.

But that’s not all. When you take a closer look at this broker’s website you probably are going to notice two certificates of incorporation issued by St. Vincent and the Grenadines. These documents however have nothing to with this firm’s regulation. In fact St. Vincent and the Grenadines is an offshore zone that doesn’t license forex brokerage activities as a whole, so it’s not possible that KeyTo4X could be authorized there either.

As you see, this firm is totally unlawful and obviously tries to mislead new customers into thinking it’s reputable. The truth however is that KeyTo4X is not allowed to offer financial services and should be avoided by all means!

KeyTo4X Trading software

KeyTo4X claims to offer the industry standard MetaTrader 5 and provides several links for download on desktop or mobile.

We realized there’s something wrong the moment we downloaded the software. It turned out that this is just a demo version provided by another broker, but not KeyTo4X itself. Take a look:

As you see, this software has nothing to do with the broker we are dealing with and does not provide any data about its trading conditions like spread or leverage. Better don’t waste your time and look for a regulated broker instead!

KeyTo4X Trading instruments

KeyTo4X claims to offer an impressive range of trading instruments like Forex, indices, CFDs, metals, energies, cryptocurrencies and futures. And this would be great if only the broker had a legit forex license and functional trading software! But because it turned out to be a total disappointment, its claims are nothing more than words full of hot air.

On the other hand, most genuine brokers tend to offer a variety of assets to trade with, so better stick to one of them.

KeyTo4X Spreads and cost of trading

On its website KeyTo4X claims to offer a spread of 3.5 pips for its Basic account – an amount that is just unacceptable. Any experienced trader would tell you that spreads higher than 2 pips are going to be too costly therefore quite disadvantageous for you. And since we are dealing with an absolute scam, investing here starts to seem unthinkable at least to say.

KeyTo4X Maximum leverage

KeyTo4X claims to offer several account types – Basic, Standard, Premium, Privilege and VIP. You can see some more details about all of them down below:

The leverage that KeyTo4X claims to offer starts from 1:100 and goes all the way up to 1:500. All of these amounts are not only too risky but they also go against the rules set in the UK and US as well. To be precise, there’s a leverage cap of 1:30 for the UK and 1:50 for the US, exactly because of the increased risk of sudden loss. You see, there’s no way that this broker could be licensed there.

KeyTo4X Deposit and withdrawal methods

On its website KeyTo4X claims to accept a variety of payment methods like the traditional Visa, WebMoney, some popular e-wallets like Skrill, Neteller, as well as crypto transactions with Bitcoin.

After we registered however the options happened to be only two – bank wire transfer and transactions with LETSPE – an online payment gateway in India. See for yourself:

As you see, this broker also claims that there are no commissions and the processing time is instant. Nonetheless, we still don’t think investing here is a good idea. Not only that your deposit will be pointless, as there is no trading platform, but it will be gone forever, as scammers like this one usually don’t allow any withdrawal to be made.

KeyTo4X Minimum deposit

The minimum deposit KeyTo4X requires is 100 USD which is fine in general. As a matter of fact most reputable brokers tend to ask for around 250 USD, but some of them provide micro accounts for even less – 10 USD for instance. As you see, there are much better options that are not only favorable but secure as well.

KeyTo4X Withdrawal requirements

All withdrawals with this broker can be made through bank transfer, or at least this is what KeyTo4X claims. It also claims that there are no commissions or taxes upon any withdrawal and the processing time is said to be up to 24 hours. However we advise you to remain vigilant and not deposit even a cent here in the first place. The reason being that most scammers tend to ask for a high fee upon every withdrawal request (no matter if they claimed otherwise) but eventually you may realize that it’s impossible to get your money back no matter what.