Desk file · 2026 edition · record confidence: medium
Key To Markets
We opened the file on Key To Markets the way we open every file: register first, marketing never. Trading since 2010, with no head office we were able to confirm from a primary source, and carrying 2 licence entries on the public record, 0 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| FSC Mauritius | GB19024503 | Mauritius | T3 | Key To Markets International Ltd | keytomarkets.com |
| FCA (permissions no longer active) | 527809 | UK | T1no longer active | Key To Markets Limited | register.fca.org.uk |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- Key to Markets' about page states Key to Markets International Ltd is licensed and regulated by the FSC of Mauritius under licence number GB19024503.
- The FCA register entry for Key To Markets Limited, reference number 527809, states the firm can no longer provide regulated activities and products but was previously authorised (checked 9 August 2026).
- The broker's own homepage states it has been operating since 2010.
- Clients are onboarded by the Mauritius entity, which is a tier-3 offshore licence rather than the former UK permission.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- hq
- minDeposit, maxLeverage, spreadEurusd — only third-party figures found
- accountTypes
- segregatedFunds and negativeBalanceProtection
- headquarters
- negative balance protection
| Founded | 2010 |
| Head office | not verified |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 0 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.