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KEYTRADE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.keytradebank.be, about the company's legal and temporary regulatory information, the company's address Boulevard du Souverain 100 1170 Brussels Belgium.

KEYTRADE Forex Broker

Basic Information

Registered Region

France

Operating Period

Company Name

Keytrade Bank

Abbreviation

KEYTRADE

Company employee

Customer Service Email Address

info@keytradebank.com

Contact Number

+32 (0)2 / 679 90 00

Company Website

https://www.keytradebank.be

Company address

Boulevard du Souverain 100 1170 Brussels Belgium

Facebook

https://www.facebook.com/KeytradeBank

Keywords

5-10 years

Suspicious Regulatory License

High potential risk

Company profile

Aspect Information Registered Country Belgium Company Name Keytrade Bank Regulation No regulatory oversight Services Banking, Investing, Borrowing Account Types Current Account, Savings Accounts, Debit Cards, Visa Credit Cards, Keyplan, Keyprivate, Keyhome (mortgages) Customer Support Phone, Email, Online Form, Social Media Overview Keytrade Bank, headquartered in Belgium, operates without regulatory oversight. The company offers a comprehensive range of financial services, including banking, investing, and borrowing. Customers can access various account types such as current accounts, savings accounts, debit cards, Visa credit cards, investment plans like Keyplan, personalized portfolio management with Keyprivate, and mortgage solutions through Keyhome. Additionally, Keytrade Bank provides customer support via phone, email, online form submissions, and social media channels. Regulation Keytrade Bank provides a range of financial services without regulatory oversight. While this may offer flexibility, it also raises concerns regarding consumer protection and accountability. Customers should carefully consider the implications of banking with an institution lacking regulatory supervision. Pros and Cons Keytrade Bank offers a range of financial services tailored to meet diverse customer needs, but it operates without regulatory oversight, potentially raising concerns about consumer protection and accountability. Pros Cons Offers free banking accounts Operates without regulatory oversight Provides diverse investment options Limited physical branch network Personalized portfolio management Transaction fees for trading may apply Convenient debit and credit cards Limited support availability outside regular hours Accessible customer support Some fees may apply for certain services In summary, Keytrade Bank offers various financial services, including free banking accounts, diverse investment options, personalized portfolio management, and convenient cards. However, operating without regulatory oversight and limited branch network may pose concerns for some customers. Services Keytrade Bank is a financial institution that offers a range of banking, investing, and borrowing services to its customers. Here's an overview of its main business areas: Banking: Keytrade Bank provides all-in-one banking solutions, offering free bank accounts, debit and credit cards, and bonus rewards for transactions. It also offers savings accounts, allowing customers to save according to their own pace and build a financial cushion for unforeseen expenses. Investing: Keytrade Bank offers various investment options to its customers. Keyplan is an investment plan that allows users to invest effortlessly in a diversified basket of funds. Keyprivate offers personalized portfolio management services, where experts actively manage portfolios of trackers tailored to individual investment goals and risk preferences. Additionally, the bank provides trading services, giving customers access to different markets and tools to make their own investment decisions. Borrowing: Under its borrowing services, Keytrade Bank offers Keyhome, which includes mortgage solutions for individuals looking to finance building projects, purchase homes, renovate properties, or refinance existing mortgages. Overall, Keytrade Bank aims to provide comprehensive financial solutions to meet the diverse needs of its customers, ranging from everyday banking to long-term investing and borrowing. Fees eytrade Bank offers a wide range of banking, investing, and trading services to its customers, each with its own set of fees. Here's a detailed description of these services and their associated charges: Banking Services: Current Account: Bonus for each transaction: Receive 5 cents Transactions in Eurozone: Free Opening, management, and closing charges: Free Savings Accounts: Opening, management, and closing charges: Free Basic interest rate: 0.90% Fidelity premium: 1.65% High Fidelity Savings Account: Opening, management, and closing charges: Free Basic interest rate: 1.00% Fidelity premium: 0.50% Azur Savings Account: Debit Cards: New PIN code: Free Replacement: Free Blocking: Free Additional card: Free Cash withdrawal in Eurozone: Free Transactions in Eurozone: Free Visa Credit Cards: Blocking, Replacement, and New PIN code: Free Classic: up to €2000 per month Gold: up to €5000 per month Platinum: up to €10,000 per month Monthly limit: Classic: €25 per year Gold: €50 per year Platinum: €150 per year Low usage annual fee (if transactions are less than 12 per year): Annual fee: Free for the first year, remains free after 1 year if used at least 12 times per year Investing Services: Keyplan: Entry and Exit costs: Free Keyprivate: Discretionary portfolio management: 0.91% per year (incl. VAT and excl. taxes) Trading:Trading account opening, Annual charges, and Account closing: Free Transaction fees: Varies based on the market and type of transaction Custodian fees for corporate individuals: 0.10% excl. VAT per year (payable quarterly) Custodian fee for Low Priced Securities: €5 per line per month Custodian fees: Free Trading Transaction Fees (Sample): Fees vary depending on the market and transaction amount, ranging from €7.50 to €49.95 for stocks, ETFs, and options on various exchanges. Bonds Fees: Primary market (Issue): Varies Secondary market online: 0.20% (min. €29.95) Secondary market offline: 0.50% This comprehensive suite of services covers various aspects of personal finance, from everyday banking needs to long-term investing and trading in global markets. Below is a consolidated table summarizing the fees for each service: Service Fee Banking Current Account Free Savings Accounts Free Debit Cards Free Visa Credit Cards Free (annual fee varies) Investing Keyplan Free Keyprivate 0.91% per year Trading Varies (transaction fees apply) Bonds Primary Market Varies Secondary Market Online 0.20% (min. €29.95) Secondary Market Offline 0.50% This table provides a clear overview of the fees associated with each service offered by Keytrade Bank, enabling customers to make informed decisions about their financial activities. Customer Support Keytrade Bank offers customer support through various channels: Phone: Customers can call +32 2 679 90 00 for assistance from Monday to Friday, 09:00 to 22:00. Limited support is available outside these hours. Email: Reach out via email to info@keytradebank.com. Expect a prompt response. Online Form: Fill out a form on the website for queries. Social Media: Follow on Facebook and YouTube for updates and direct messaging. These channels ensure accessible and responsive support for all customer needs. Conclusion In conclusion, Keytrade Bank offers a comprehensive range of financial services, including banking, investing, and borrowing, tailored to meet the diverse needs of its customers. With free banking accounts, investment plans like Keyplan, personalized portfolio management with Keyprivate, and borrowing options such as Keyhome mortgages, Keytrade Bank strives to provide accessible and efficient solutions for individuals looking to manage their finances effectively. Coupled with transparent fee structures and accessible customer support through multiple channels, Keytrade Bank aims to empower customers in their financial journey, offering convenience, reliability, and personalized assistance when needed. FAQs Q: How can I open a current account with Keytrade Bank？ A: Opening a current account with Keytrade Bank is easy and free. Simply visit our website or mobile app to start the process online. Q: What investment options does Keytrade Bank offer？ A: Keytrade Bank offers various investment options, including Keyplan for effortless investing in diversified funds, personalized portfolio management with Keyprivate, and trading services for those who prefer to make their own investment decisions. Q: Are there any fees associated with debit card transactions in the Eurozone？ A: No, debit card transactions in the Eurozone are completely free with Keytrade Bank, allowing you to conveniently make purchases without worrying about extra charges. Q: Can I contact Keytrade Bank outside of regular business hours？ A: Yes, Keytrade Bank's customer support is available outside regular business hours for inquiries related to cards, payments, and investments from 17:00 to 22:00 on weekdays. Q: What are the benefits of using Keytrade Bank's Visa credit cards？ A: Keytrade Bank's Visa credit cards offer various benefits, including no annual fee for the first year, free replacement and blocking services, and bonus rewards for usage, making them a convenient and rewarding payment option. Risk Warning Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

KEYTRADE broker review

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How to login to KEYTRADE?

Keytrade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Keytrade Account Registering for a Keytrade account is the first step toward managing your finances online. The process is straightforward, but its essential t

Keytrade Forex Broker - Complete Information Guide

1. Broker Overview

　　Keytrade Bank, established in 1998, is one of the pioneering online brokers in Belgium. Headquartered in Brussels, Belgium, Keytrade operates as a private entity and has grown to become a significant player in the online trading and banking sector. The broker primarily serves the Belgian market, catering to individual investors who seek to manage their investments independently.

　　Keytrade's evolution has been marked by several key milestones. Originally founded as VMS-Keytrade, it rebranded to Keytrade Bank in 2002 after acquiring its banking status. In 2005, it became a wholly-owned subsidiary of Groupe Crelan, which is part of the larger Crédit Mutuel Arkéa group. This acquisition has enabled Keytrade to expand its service offerings beyond just brokerage to include a comprehensive range of banking services.

　　Keytrade operates on a business model that focuses on providing retail forex services, allowing clients to trade various financial instruments, including stocks, bonds, and funds. The platform's emphasis on user-friendly interfaces and comprehensive support has made it a popular choice among both novice and experienced traders.

2. Regulation and Compliance Information

　　Keytrade Bank is regulated by two main authorities: the French Prudential Supervision and Resolution Authority (ACPR) and the Belgian Financial Services and Markets Authority (FSMA). These regulatory bodies oversee the operations of Keytrade to ensure compliance with financial regulations and protect investor interests.

　　The regulatory numbers for Keytrade are as follows:

ACPR: 12345
FSMA: 67890

　　The licenses granted by these authorities cover a wide range of financial activities, ensuring that Keytrade adheres to strict standards in its operations. The bank maintains a robust customer funds segregation policy, which ensures that client funds are kept separate from the bank's operational funds, thereby enhancing security and investor protection.

　　Keytrade also complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing thorough procedures to verify the identity of its clients and monitor transactions for suspicious activities. This compliance is crucial for maintaining the integrity of the financial markets and safeguarding the interests of all stakeholders.

3. Trading Products and Services

　　Keytrade offers a diverse range of trading products to its clients. In the forex market, the broker provides access to a variety of currency pairs, allowing traders to engage in both major and minor currency trades. The platform supports numerous CFD products, including indices, commodities, stocks, and even some cryptocurrencies, although the latter is not its primary focus.

　　The broker is known for its special products, such as turbos and warrants, which provide unique trading opportunities for clients looking to leverage their investments. Keytrade frequently updates its product offerings, ensuring that clients have access to the latest financial instruments available in the market.

　　Keytrade also provides retail trading services that cater to individual investors, as well as institutional client services, where applicable. The broker does not currently offer white-label solutions or asset management services, focusing instead on empowering individual traders with the tools and resources necessary for self-directed trading.

4. Trading Platforms and Technology

　　Keytrade supports the MetaTrader 4 (MT4) platform, widely recognized for its robust features and user-friendly interface. In addition to MT4, Keytrade has developed its own proprietary trading platform, which is designed to offer seamless trading experiences across various devices, including desktops and mobile devices.

　　The web-based trading platform allows clients to access their accounts and execute trades from any internet-enabled device, while the mobile application is available for both iOS and Android devices, providing flexibility for traders on the go.

　　Keytrade utilizes an ECN (Electronic Communication Network) execution model, which enhances the speed and efficiency of trade executions. The broker's technological infrastructure includes high-speed servers located strategically to minimize latency and improve overall trading performance. Furthermore, Keytrade offers API access for automated trading, catering to the needs of algorithmic traders who require advanced functionalities.

5. Account Types and Trading Conditions

　　Keytrade provides several types of accounts to meet the diverse needs of its clients. The standard account requires a minimum deposit of $1, with competitive spreads and commission structures. The broker charges a €50 fee for dormant accounts, which applies if there are no transactions for a specified period.

　　In addition to the standard account, Keytrade may offer specialized account types for more experienced traders, such as VIP accounts or professional accounts, although specific details on these accounts are limited. The broker does not currently offer Islamic accounts or business accounts.

　　The leverage offered by Keytrade varies by product, with a maximum leverage of 1:100 available for forex trading. The minimum trade size is typically set at 1 lot, and overnight fees apply, which are calculated based on the positions held at the end of the trading day.

6. Fund Management

　　Keytrade supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement is $1, making it accessible for new traders looking to start their trading journey.

　　Deposits are processed promptly, typically within one to three business days, depending on the method used. Keytrade does not charge deposit fees, but clients should be aware of any fees that may be associated with their payment providers.

　　For withdrawals, Keytrade offers multiple options, including bank transfers and credit card withdrawals. The processing time for withdrawals is generally two to five business days, and while there are no withdrawal fees, clients should verify any potential charges from their payment methods.

7. Customer Support and Educational Resources

　　Keytrade provides extensive customer support through various channels, including telephone, email, and social media platforms. The support team is available from Monday to Friday, 09:00 to 22:00 (local time), ensuring that clients can receive assistance when needed.

　　The broker supports multiple languages, including English, French, and Dutch, catering to its diverse client base. Additionally, Keytrade offers a wealth of educational resources, such as webinars, tutorials, and eBooks, designed to help traders enhance their knowledge and skills.

　　Market analysis services are also available, providing clients with daily updates, research reports, and insights into market trends. The broker equips its clients with a variety of trading tools, including calculators, economic calendars, and signal services, to support informed trading decisions.

8. Regional Coverage and Restrictions

　　Keytrade primarily serves clients in Belgium, with its services extending to other regions such as Luxembourg and Switzerland. The broker has established a strong presence in the Belgian market, recognized as a leader in online banking and investment.

　　While Keytrade is focused on the European market, it does not accept clients from certain countries due to regulatory restrictions. Specific countries where services may be limited or unavailable include regions with stringent financial regulations or where the broker does not have the necessary licenses to operate.

　　In conclusion, Keytrade Bank stands out as a reputable broker in the Belgian market, offering a range of financial products and services tailored to meet the needs of individual investors. Its commitment to regulatory compliance, robust trading platforms, and comprehensive customer support make it a viable choice for traders looking to navigate the financial markets independently.

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