Score

1.37 /10
Danger

keyfxmarkets

Canada

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.94

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

keyfxmarkets

Company Abbreviation

keyfxmarkets

Platform registered country and region

Canada

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Unable to Withdraw

Forex Investment Scammers

Please recover my money 5000 USD from this Company: keyfxmarkets.com Kings Crossing, 7300 Edmonds St #609, Burnaby, BC V3N 0G8, Canada From this Keyfxmarkets.com Sales Agent contacted me via Mobile and convinced me to invest 200 USD with commitment of daily 10 to 15 dollars. So i have invested. After that they have assigned Financial Advisor(Logan) assigned to me to give trades in Currencies. But starting day itself he is forced me to deposit 1000 to 1500 USD in Gold Market, I have not listen him, But what i realized he don't have Basic knowledge in Forex Trading. So he is starting day itself he has given lost to me and within a week lost 200 USD. And i have asked him to give me money back but he told me to recover in Gold Market if i am invested 1500 USD, But not listen him, So next day he came back to me and convinced and committed again Via Mail that they will make and give profit daily 500 USD And again I lost 1500 USD within a week. Then again same s story happened i have asked them my money back and he is committed in the mail as he will give profit 500 USD if i am invested again 1000 USD. Then i have invested 1000 USD. After investing and he make me lost he told that he is not responsible for that loss and said that i am trying to recover my loss but unfortunately it is not happened, But here my question is one time or 2 times unfortunately market will go reverse direction against his analysis, But how come every time that is 6 times i am invested and again and again he made me lost. Total i have lost 5000 USD. So please take necessary action on this company give back my money 5000 USD. If you want i will give Mails which he is given commitment. In this company Financial Advisors and Sales Agents are Scammers. Below is the main person they will pull you in this Business. Generally Forex Trading is good. But in this company Financial Advisors don't have basic knowledge and doing gambling but not trading instead they made me loss 5000 USD.  So please don't believe this person logan@keyfxmarkets.com as he me made me loss in the name of recover Sales Agent: shaan@keyfxmarkets.com Please don't believe this company: Keyfxmarkets.com In this company Financial Advisors and Sales Agents are Scammers. Below is the main person they will pull you in this Business. Generally Forex Investment is good. But in this company Financial Advisors don't have basic knowledge and doing gambling but not trading so finally they made me  loss  hard and earned money,  Financial Advisor I lost 5000 USD because of this financial Advisor. So please find the attached screen shots of mails and deposits for proof and Recover my money logan@keyfxmarkets.com Sales Agent: shaan@keyfxmarkets.com Thanks, M.Niranjan.  

Niranjan581
2023-07-05 17:00
keyfxmarkets · Company summary
Basic Information
Registered Countries Canada
Regulation No License
Minimum Deposit N/A
Maximum Leverage N/A
Minimum Spread N/A
Trading Platform MT5 (allegedly), Mobile App
Trading Assets Forex, Metals, Energies, Indices, Shares, Commodities, Cryptocurrency, and Bonds
Payment Methods N/A
Customer Support Phone, Email, Online Chat

General Information

keyfxmarkets is an offshore broker registered in Canada, giving their clients access to a wide selection of trading instruments, including Forex, Metals, Energies, Indices, Shares, Commodities, Cryptocurrency, and Bonds. Many essential details are not presented on this brokers official website, such as fees schedule, mobile app, and more.

keyfxmarkets is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.10/10. Please be aware of the risk.

wikifx

Market Instruments

With the keyfxmarkets platform, investors are provided access to a huge financial market, a total of 8 classes of trading assets covering Forex, Metals, Energies, Indices, Shares, Commodities, Cryptocurrency, and Bonds.

market-instruments
market-instruments

Deposit Bonus

Up to 50% deposit bonuses are provided by keyfxmarkets, which means if you deposit $300 into your account, with $150 as a bonus, then you can get $450 in total.

deposit-bonus

Leverage

Keyfxmarketsd does not elaborate on what trading leverage it provides. However, investors should know that the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

What keyfxmarkets provides is not the MT4 OR MT5 trading platform, a mobile app instead.

For more details, you have to log into your personal account to check.

Besides, although this broker says that it provides the MT5 trading platform, we could not find download link, which is quite weird.

Customer Support

Clients who have any inquiries or trading-related issues can get in touch with this broker through the following contact channels:

Telephone: +1 604-245-2848

Email: support@Keyfxmarkets.com

Company Address: Kings Crossing, 7300 Edmonds St #609, Burnaby, BC V3N 0G8, Canada

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
MT5 trading platform No License
Wide selection of trading assets Website information not transparent
Live chat supported

Frequently Asked Questions

What trading instruments can I trade with on keyfxmarkets

keyfxmarkets offers access to Forex, Metals, Energies, Indices, Shares, Commodities, Cryptocurrency, and Bonds.

What is the minimum deposit required by keyfxmarkets

The minimum deposit required to trade with keyfxmarkets is not disclosed.

What trading platform does keyfxmarkets offer?

Keyfxmarkets boasts that it provides the MT5 trading platform.

News

Exposure“Financial advisors and Sales Agents are Scammers”- User said

A user of a broker named Keyfxmarkets broker from India complained against this broker on July 5, 2023. A user wrote in his complaint that he invested 5000 USD and lost it all.

WikiFX
2023-07-10 15:04
“Financial advisors and Sales Agents are Scammers”- User said

User Reviews

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User comment

7

Comments

Write a review

Jimmy
more than one year
I always looked for the right platform that could help me in enhancing my trading work but I was always dissatisfied. Then I came to know about Keyfxmarkets and how their experts provide people with the right trading knowledge. They’re still lagging in some areas but overall they’re good and I would prescribe everyone go through their website and contact them for your inquiries. They are highly skilled.
I always looked for the right platform that could help me in enhancing my trading work but I was always dissatisfied. Then I came to know about Keyfxmarkets and how their experts provide people with the right trading knowledge. They’re still lagging in some areas but overall they’re good and I would prescribe everyone go through their website and contact them for your inquiries. They are highly skilled.
Translate to English
2023-02-24 14:46
1
0
0
陳秉脩
more than one year
I have been using Keyfxmarkets for nearly three months. I am very satisfied with this broker because it has plenty of financial instruments and excellent support.
I have been using Keyfxmarkets for nearly three months. I am very satisfied with this broker because it has plenty of financial instruments and excellent support.
Translate to English
2022-12-16 12:14
4
0
0
1