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KeyStock Review - Is it scam or safe?

KeyStock Review - is keystock.com scam or good forex broker?

RATING: 2 / 1 REVIEWS KeyStock
KeyStock is an offshore broker. Your money is not safe.

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Trading Accounts

 

Account type Minimum deposit  Minimum trade size Maximum leverage Average Spreads 
Mini $1 000 0.01 1: 200 3 pips
Standard $5 000 0.01 1: 200 Floating
Exclusive $20 000 0.01 1: 200 Floating

 

KeyStock offers its clients a choice of three account types, based on the initial amount deposited. All accounts offer leverage up to 1:200, variable spreads, commission-free trading on Sirix web and or MetaTrader 4 platforms.

 

Exclusive account holders are offered Premium customer care and daily analysis, while Standard ones can get SMS & News Signals.

 

Unlike most brokerages, this one does not provide PAMM or swap-free (Islamic) accounts.

 

The Company. Security of Funds

 

Company

Country

Regulation

Nuntius Brokerage and Investment Services SA 

Greece

HCMC

 

KeyStock is a forex broker and market maker whose product portfolio is quite rich – it includes more than 40 currency pairs, CFDs on precious metals, indices, commodities and bonds. The company behind the brand, Nuntius Brokerage and Investment Services SA, is a Hellenic Investment Firm headquartered in Athens and licensed by Hellenic Capital Market Commission (HCMC) since 1991.

 

Hellenic Investment Firms are required to meet certain requirements, such as to report transactions to the commission, to keep clients’ funds in segregated accounts and all other rules set forth in European directives and regulations.

 

Besides, all HCMC -regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to €30,000 EUR per person, If the company ceases trading or becomes insolvent.

 

Moreover, all brokerages regulated in Greece are also MiFID compliant and therefore entitled to offer cross-border services in any EU Member State or EEA country.

 

Trading Conditions

 

Minimum Initial Deposit

In order to open an account with KeyStock, traders have to invest a minimum of 1000. We find such initial amount high, as most brokerages require $200 or less. For instance, leading EU brokerage XM demands just $5 from its clients as a start.

 

Spreads & Commissions

KeyStock offers commission-free trading, however its spreads are high – amounting to 3 pips for the EUR/USD, while most brokers offer spreads within the range 1.0 – 1.5 pips for this pair.

 

For purposes of comparison, XM’s average spreads on the commission-free accounts amount to 1.7 pips on EUR/USD, while the ones on the Zero account type are averaged 0.1 pips on EUR/USD and involve commission of $5 per standard lot (per side).

 

Leverage

The maximum leverage level offered by KeyStock is 1:200, which is a average. However, many brokers offer higher leverage levels - for example, XM provides leverage up to 1:888. For further information, you can check out a list of brokers, providing leverage equal to or exceeding 1:500 here.

 

High leverage provides opportunities of earning big profits on a relatively small initial investment. Nonetheless, we advise traders to be careful when using it, as higher leverage also involve greater risk of losses. 

 

Trading Platforms

 

KeyStock supports the standard MetaTrader4 (MT4), as well as Sirix web.

 

The Sirix web platform does not require installation of any software and is equipped with built-in advanced indicators and charting options. Charts can be displayed in various timeframes and traders can add their own lines, measures and annotations. It also enables users to view and copy other traders’ actions.

 

Besides, this broker also uses the ever popular MT4 platform, available as desktop downloadable version and as mobile apps.

 

Methods of Payment

 

The following payment methods are available to KeyStock clients: credit/debit cards, bank wire transfer, and e-wallet payment systems Skrill, Neteller, Qiwi and WebMoney.

 

Conclusion

 

KeyStock is a well-regulated forex & CFD broker that is regulated in Greece. Its main disadvantage is that its spreads are too high. Besides, it does not offer PAMM or swap-free accounts. To sum up the above:

 

Pros  Cons
Well-regulated & experienced broker High Spreads, High initial deposit required
Commission-free trading No PAMM, no Islamic accounts
Choice of platforms, MT4 available  Acts as a market maker

 

Latest news about KeyStock
No news about KeyStock . Check back later.
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Traders` reviews for KeyStock

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Keystock are thieves

Keystock.com are thieves. They engage in confidence trading, in other words they trade your account up by providing signals then they shit on account holders by providing adverse advice and INSIST on maintaining losing positions!

Can someone help regarding how to contact their regulators?

Regards

Stephen

Stephen Milligan 04/14/2018
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