Keystock Review – Unbiased Pros & Cons Revealed

WHO IS KEYSTOCK?

According to research in South Africa, Keystock is the trademark name for a financial services company known as Nuntious Brokerage and Investment Services, SA.

They are strictly regulated and authorized by the Hellenic Capital Market Commission (HCMC). Nuntious Brokerage and Investment Services SA, is an independent investment services provider, with more than 20 years’ experience in the financial investment market.

Two brothers are shareholders in the business. The company was started in 1991, by Alexandros Moraitakis.

Alexandros had a background in the banking and capital markets. In 1995, his brother, Theofanis Moraitakis, who was a professor at Athens University of economics and business, joined him.

Overall Rating

• 2.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1000

Regulators

HCMC

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

SAFE OR SCAM?

One of the best benchmarks to measure the safety of a broker like Keystock, is to establish which regulating authorities are watchdogs over its actions.

Keystock is regulated by the Hellenic Capital Market Commission (HCMC) and has more than two decades of experience in the financial market.

PROS AND CONS

LEVERAGE

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

Keystock offers a maximum leverage ratio of 1:198.

ACCOUNTS

A forex account at Keystock is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

Keystock offers the following types of accounts: Opening an account is easy, and there are three different accounts to choose from.

Mini Account – This is the starting level live trading account and needs a minimum deposit of $1,000. There are daily meetings and research, webinars, video tutorials and seminars and a committed account manager to guide you.

Standard Account – The following level up is this account.  This account requires a minimum deposit of $5,000.

It will have all the services of a mini account, but added onto that is a SMS and news signals service.  This account is designed more for those with trading experience.

Exclusive Account – The Exclusive Account is a VIP trading account. It comes with additional benefits which include a daily analysis, and premium customer care specifically designed for top traders. A minimum deposit of $20,000 is required.

MARKET INSTRUMENTS

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.

Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices

Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

Keystock offers the following of the above: CFDs, Commodities, Metals, Stocks, Oil, Gold and Indices.

FEES

Cost depends on different factors, like spread and margins, and XXX clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

Keystock offers brokers some of the most competitive rates. Minimum spreads start as low as 3 pips for the major currency pairs.

Traders of CFDs can expect spreads to be low. For example natural gas as low as $0.005 on the spread. However, Keystock does charge inactivity fees on an account.

DEPOSIT AND WITHDRAWAL

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

In the case of Keystock the following methods and minimum deposits are required:

• Mini Account –a minimum deposit of $1,000,
• Standard Account – a minimum deposit of $5,000.
• Exclusive Account –A minimum deposit of $20,000
• Keystock does charge inactivity fees on an account.
• Keystock also charges deposit fees

For payment options, Keystock has a range of choices such as Visa, Skrill, Neteller, WebMoney and Diners Club International.

TRADING PLATFORMS

The forex trading platform provided by Keystock to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

With Keystock there are three trading platforms on offer.

MetaTrader 4 (MT4)

MetaTrader 4 is one of the most popular trading platforms currently available. MT4 has an easy-to-use interface, support in a number of different languages, real time account summary, direct news feed, daily account statement and lots of other great features.

WebTrader

With Keystock’s WebTrader platform, it is quick and easy to manage all your investments in the Forex market.

Both novice and experienced traders will have no problem steering their way around. It uses the SIRIX Web platform, and gives traders worldwide access to the markets, without having to download any special software.

Mobile Trader

Keystock also offers mobile apps for Android and iOS

HOW TO OPEN AN ACCOUNT

Similarly to a bank, to register a forex trading account with Keystock for the first time, you will be required to go through a basic “know your customer” process, which will allow Keystock to ascertain that your submitted details and ensure the safety of your funds and account details.

Customers can open a demo and a live account directly from the broker’s website, and complete the verification process following the steps outlined above.

CUSTOMER SUPPORT

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

In the case of Keystock customers, they can reach the support team via live chat, email, telephone 24 hours a day, five days a week. There is a major support centre in Athens, however they also have various satellite offices situated around the world.

EDUCATION

Before starting to trade, potential clients of Keystock should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

Keystock offers a vast amount of educational opportunities. There are instructional tutorials for beginners and these cover the basics of Forex trading, easy strategies, terminology and other financial instruments.

RESEARCH

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

Within the world of stock markets dominated by large banks and investment companies, Keystock’s independent Research Services offer a unique and completely independent perspective designed to help savvy investors make informed portfolio decisions.

AWARDS

Although Keystock is acclaimed by customers, there is no indication of awards won on its homepage.

CONCLUSION

Keystock can be described as a company that provides most of its information quite transparently.

The tabs are visibly labelled and setting up a new account—live or demo-is a straight forward process. Market news is up to date and is presented in a good manner and is complemented with video up-dates analysis.

DISCLAIMER

Keystock warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with Keystock, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

Keystock warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.

Keystock cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Overall Rating

• 2.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1000

Regulators

HCMC

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

FAQs

TRADING ENVIRONMENT

How many instruments can I trade with Keystock?

You can trade several different instruments with Keystock, which include the following:

• CFDs
• Commodities
• Metals
• Stocks
• Oil
• Gold
• Indices

Which platforms are supported by Keystock?

Keystock provides the following popular trading platforms:

• MetaTrader 4
• Mobile
• WebTrader

Does Keystock offer leverage?

Yes, Keystock offers a maximum leverage of 1:198.

What spreads can I expect with Keystock?

Keystock is competitive and their minimum spreads start as low as 3 pips for the major currency pairs.

Does Keystock charge commission?

Yes, more information on commissions can be obtained from the customer support service.

Is Keystock regulated?

Yes, Keystock is regulated by the Hellenic Capital Market Commission (HCMC).

Is Keystock a recommended forex trading broker for experts and beginners?

Keystock offers a fair trading environment for all types of traders from beginners to experienced traders.

What is the overall rating out of 10 for Keystock?

5/10

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customers actual money.

Does Keystock offer a demo account?

Yes

How long is the demo account valid?

The demo account is free to use for 30 days.

Which live trading accounts does Keystock offer?

• Mini Account –a minimum deposit of $1,000,
• Standard Account – a minimum deposit of $5,000.
• Exclusive Account –A minimum deposit of $20,000

What are the available deposit currencies for a live trading account?

USD and multiple currencies

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for Keystock?

$ 1000

How do you make a deposit and withdrawal with Keystock?

Keystock offers the following deposit and withdrawal methods:

• Visa
• Skrill
• Neteller
• WebMoney
• Diners Club International

Withdrawals can be done via:

• Visa
• Skrill
• Neteller
• WebMoney
• Diners Club International.

Does Keystock charge withdrawal fees?

Yes, the different amounts can be found on the company homepage.

How long does it take to make a withdrawal?

Depending on bank services it may take several days for the money to be available.