FXKEY LTD
Abstract：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.
Note: FXKEY LTD's official website - https://fxkeyltd.com/ is currently inaccessible normally.
| FXKEY LTD Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Saint Lucia |
| Regulation | No Regulation |
| Market Instruments | Forex, Indices, Stocks, Futures |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.4 pips (Standard account) |
| Trading Platform | MetaTrader 5 (MT5) |
| Min Deposit | $250 |
| Customer Support | Tel: +971 4 572 7934 |
| Email: support@fxkeyltd.com | |
| Social media: Instagram, Linkedin | |
| Address: Ground Floor, The South Bay Building, Rodney Bay, Gross-Islet Saint Lucia, P.O. box 838, Castries, Saint Lucia | |
| 107, 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 Cons
| Pros | Cons |
| Multiple trading products | Non-functional website |
| Diverse account types | No regulation |
| Demo accounts available | High minimum deposit |
| Flexible leverage ratios | Unknown payment methods |
| MT5 platform | |
| Comprehensive customer support |
Is 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 Type
| Account Type | Min Deposit |
| STANDARD | $250 |
| VIP | $5 000 |
| ECN | $15 000 |
Leverage
FXKEY LTD offers a maximum leverage up to 1:500. Note that high leverage can amplify both profits and losses.
| Account Type | Max Leverage |
| STANDARD | 1:500 |
| VIP | 1:400 |
| ECN | 1:100 |
Spread and Commission
| Account Type | Spread | Commission |
| STANDARD | From 1.4 pips | ❌ |
| VIP | From 0.9 pips | ❌ |
| ECN | From 0.2 pips | $5 per lot |
Trading 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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web, Mac | Experienced traders |
| MT4 | ❌ | / | / |
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