Forex FXKEY LTD Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

FXKEY LTD Trading Conditions

Registered Region Saint Lucia

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@fxkeyltd.com

Contact Number +97145727934

Website fxkeyltd.com

Balanced Review

Pros & Cons

Pros

Diverse trading instruments including forex and commodities
Multiple account types catering to different trader levels
Access to the MetaTrader 5 (MT5) trading platform
Availability of demo accounts for practice
Comprehensive customer support options

Cons

Operates without regulation by recognized financial authorities
Higher risks associated with unregulated trading environment
Limited trading instruments available for clients
Potentially high minimum deposit requirement
Withdrawal fees may apply depending on payment methods

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FXKEY LTD	Fintrix Markets	Wisdom Financial Service	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Lucia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FXKEY LTD Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Standard Account	Beginners	Low minimum deposit, flexible leverage	Suitable for small-capital practice
VIP Account	Experienced Traders	Higher leverage, enhanced features	Requires higher minimum deposit
ECN Account	Professionals	Tight spreads, direct market access	Requires significant trading volume

Account Opening Process

The process to open an account with FXKEY LTD involves several straightforward steps. First, potential clients must submit personal information, including full name, contact details, and date of birth. Following this, employment and financial information must be provided to assess the applicant’s trading knowledge and experience. Identity verification is crucial, requiring documentation such as a government-issued ID and proof of address, ensuring compliance with basic Know Your Customer (KYC) procedures. Additionally, accounts at FXKEY LTD offer flexibility, allowing clients to upgrade from a standard to a professional account as their trading experience and volume increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.2	$5 (per lot)	Competitive spreads for major pairs
CFDs (Indices)	1.0	$0	Standard fees apply
Cryptos (BTC/USD)	1.0%	$0	Variable depending on market conditions

Other Fees

FXKEY LTD may impose various additional fees that traders should consider. These can include deposit and withdrawal fees, which may vary based on the payment method chosen. Inactivity fees may apply if accounts remain dormant for an extended period. Additionally, platform usage fees or overnight interest (swap rates) could be incurred based on trading positions held overnight. Lastly, currency conversion fees may apply when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FXKEY LTD User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alex Johnson

New York

★ ★ ★ ★ ★

I had high hopes for FXKEY LTD, but my experience has been disappointing. The withdrawal process has been slow, and I’ve faced delays that have made me anxious about my funds. Customer support has been helpful, but they can’t speed up the withdrawals, which is frustrating. I wouldn’t recommend them until they resolve these issues.

Samantha Lee

Toronto

★ ★ ★ ★ ★

Overall, I have had a good experience with FXKEY LTD. The MetaTrader 5 platform is user-friendly and provides all the tools I need for trading. I appreciate the variety of account types available, making it easier for me to choose what fits my trading style best. While there’s room for improvement in customer support response times, the trading experience has been largely positive.

Mark Thompson

London

★ ★ ★ ★ ★

My experience with FXKEY LTD has been terrible. I tried to withdraw my funds, but it took forever, and customer support was not helpful at all. I felt like I was hitting a wall every time I tried to get assistance. I regret opening an account here and would caution others to consider a regulated broker instead.

Emily Davis

Sydney

★ ★ ★ ★ ★

FXKEY LTD has been great for my trading needs! The platform is very reliable, and I love the flexibility it offers. The customer service team has responded quickly to my inquiries, and the demo account was a fantastic way for me to practice before diving in with real funds. Highly recommend for both beginners and seasoned traders!

Saint Lucia Market