FXKEY LTD Forex Broker

Note: FXKEY LTD's official website - https://fxkeyltd.com/ is currently inaccessible normally.FXKEY LTD Review SummaryFounded2023Registered Country/RegionSaint LuciaRegulationNo RegulationMarket InstrumentsForex, Indices, Stocks, FuturesDemo Account✅LeverageUp to 1:500SpreadFrom 1.4 pips (Standard account)Trading PlatformMetaTrader 5 (MT5)Min Deposit$250Customer SupportTel: +971 4 572 7934Email: support@fxkeyltd.comSocial media: Instagram, LinkedinAddress: Ground Floor, The South Bay Building, Rodney Bay, Gross-Islet Saint Lucia, P.O. box 838, Castries, Saint Lucia107, 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 ConsPros Cons Multiple trading productsNon-functional websiteDiverse account typesNo regulationDemo accounts availableHigh minimum depositFlexible leverage ratiosUnknown payment methodsMT5 platformComprehensive customer supportIs 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 TypeAccount TypeMin DepositSTANDARD$250VIP$5 000ECN$15 000Leverage FXKEY LTD offers a maximum leverage up to 1:500. Note that high leverage can amplify both profits and losses.Account TypeMax LeverageSTANDARD1:500VIP1:400ECN1:100Spread and CommissionAccount TypeSpreadCommissionSTANDARDFrom 1.4 pips❌VIPFrom 0.9 pips❌ECNFrom 0.2 pips$5 per lotTrading 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.Trading PlatformSupported Available Devices Suitable for MT5✔Web, MacExperienced tradersMT4❌//