KeyTrending review – is keytrending.com a scam or a good Forex broker?

 "KeyTrending is not a reliable broker – in fact, we would wager it is exactly the opposite of one! The company cannot be trusted with any of your money, as it is quite a typical offshore broker. And as such, it bears all the failings of offshore brokers – it does not have regulation, its legal documentation is quite malicious and its trading conditions are simply subpar.

We have seen this exact same kind of broker appear on the markets thousands of times before, and they never last. And, especially since legitimate brokers are so readily available nowadays, there is simply no reason to ever invest with a company like KeyTrending!

Not like you can do that at the time of writing, of course – any attempt to create an account with KeyTrending simply leads to an error page. However, if the broker manages to fix that in the future and you start considering trading with it, it is imperative to read the review below first, as it can save you a lot of time and money!

Can I make money with KeyTrending?

You cannot make a dime with a broker like KeyTrending – the company is not licensed to provide its services in any capacity – and what’s more, it operates from a very infamous offshore scam haven – the republic of St. Vincent and the Grenadines. Here is what KeyTrending has to say about its whereabouts:

The problem with St. Vincent is the fact it has refused to regulate its Forex markets – and that has made it a beacon for any kind of fraudster, who wishes to set up there and run their schemes unopposed! Beware of brokers from St. Vincent, because even if they are not running a scam, which is exceedingly rare, there is no guarantee they have what it takes to operate on the volatile markets. Thus, most companies from there go under and take their clients’ money with them!

Compare that to the regulatory environment in a stricter jurisdiction like the UK – brokers there are required to hold a license with the FCA to access the markets – and a license with it can only be issued provided they have sufficient capital to deal with the volatility of the FX assets. That minimum capital requirement is deemed to be 730 000 euro.

Furthermore, if a company does go under, its clients are entitled to a compensation of up to 85 000 pounds each. This money is paid out from guarantee funds brokers are required to participate in.

The FCA also demands all brokers report on a daily basis on open and closed trades, which makes scams simply impossible to run.

Overall, there are many compelling reasons to stick to legitimate brokers, so make sure you always do that!

Can I make money with KeyTrending?

No – you cannot make money with an unlicensed broker, as we have discovered. Trading with legitimate companies is infinitely more profitable. But what’s more, KeyTrending has an incredibly malicious Bonus policy, which makes withdrawing profits impossible. Here is what that policy states:

Clients are only allowed to withdraw money from accounts credited with a bonus, provided they execute a fourth of the issued bonus in standard lots. Of course, a standard lot is worth no less than 100 000 units of base currency – so, in the example given by KeyTrending, the trader is required to achieve an obviously impossible turnover of five million dollars to withdraw a meager $200 bonus and their profits!

What leverage is available with KeyTrending?

KeyTrending provides access to a leverage of up to 1:400 – such amounts are too high for retail traders and banned by most regulatory jurisdictions. However, brokers like KeyTrending have them available in a bid to attract more clients!

What is the minimum deposit with KeyTrending?

KeyTrending sets its minimum deposit to $250 – meanwhile, legitimate brokers nowadays take no more than $10 to open you one of their micro accounts!

What trading software is available with KeyTrending?

KeyTrending provides access to some kind of web-based trading platform. However, the link to it only led to the error message displayed below – so we could not actually compare the platform to industry standard Metatrader 5 and its powerful automated trading.

What deposit methods does KeyTrending accept?

Without an account we cannot answer that – but given how shady the broker is, we suggest you seek a chargeback if available!"