Fortrade vs Key To Markets

Fortrade or Key To Markets – which is better for UK traders 2024? Compare Fortrade and Key To Markets in this detailed breakdown of their platforms, features and fees.

Fortrade vs Key To Markets Comparison Table 2024
Fortrade Key To Markets
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3.8
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2.8
Fortrade is ranked #70 among CFD brokers. Key To Markets is ranked #97 among CFD brokers.
Review
Review
Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform. Key To Markets is an ECN brokerage firm that was set up in London in 2010 for retail, professional and institutional investors to access a reliable and consistently-priced trading environment. The broker is regulated by the UK's FCA and the FSC in Mauritius.
Pros
  • Wide range of markets available including cryptos
  • Comprehensive educational resources and content
  • Strong regulation from FCA & CySEC
  • Choice of platforms including MT4
  • Unlimited time demo account
  • Online CFD trading APK
  • I'm glad to see that one of Key To Markets' regulatory licenses is from the UK's Financial Conduct Authority (FCA), a highly respected authority with top-tier safeguarding measures
  • I was impressed by the inclusion of social trading options and access to a free virtual private server (VPS), providing a more extensive range of services than the average online broker
  • I like that all clients can freely access MetaTrader 4 and MetaTrader 5, two of the industry's top platforms with impressive analysis tools and intuitive automation capability
  • It's also good to see a range of educational content and free analysis material that is regularly updated and provides clients with a deeper understanding of the markets
  • I experienced tight spreads when I tested Key To Markets and found no additional costs to consider, not even deposit or withdrawal fees
Cons
  • Wider than average spreads on some assets
  • Only one account type available
  • Slow withdrawals
  • I think the lack of commission-free, STP account types will restrict the broker's accessibility to beginners and less experienced traders
  • I would prefer to see a wider range of product classes to allow for greater diversification opportunities
  • Any deposits or withdrawals not made via wire transfer will incur costly transaction fees
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, CySEC, NBRB, FSC, CIRO FCA, FSA
Mobile Apps
iOS & Android Yes
Trading App

The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.
iOS App Rating
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3.5
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Android App Rating
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4.2
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Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
Yes No
STP Account
No No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
Yes Yes
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Silver
  • Oil
  • Gasoline
  • Copper
  • Corn
  • Cotton
  • Palladium
  • Platinum
  • Sugar
  • Wheat
  • Natural Gas
  • Gold
  • Silver
  • Natural Gas
CFD
Fortrade's list of leveraged CFDs covers a wide range of asset classes including forex, stocks, bonds, indices, commodities and cryptocurrencies. Traders can access leverage up to 1:30 and will trade with zero commission, fast execution and low latency on MetaTrader 4 or the bespoke platform. The broker's selection of 180 CFD products is pretty small compared to competitors and I found it quite limiting that these only span forex, indices, commodities and stocks.
Leverage
1:30 (varies by entity) 1:30
FTSE Spread
2 2
GBPUSD Spread<
2 0.7
Oil Spread
0.04 0.46
Stocks Spread
Variable Variable
Forex
Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips. My evaluations uncovered a decent range of 65 forex instruments, comprising major, minor and exotic currency pairs, available with leverage rates of up to 1:30 and ECN execution.
Assets
60+ 65
GBPUSD Spread
2 0.7
EURUSD Spread
2 0.4
EURGBP Spread
3 0.7
Fortrade Key To Markets
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