Keytrade Bank Review
Alyaziah Hayat | March 27, 2022
Table of Contents
Keytrade Bank offer an all in one solution for banking, investing and trading online. Clients get access to an intuitive mobile trading app along with a selection of powerful analysis tools and educational resources. Keytrade Bank have competitive trading fees, good customer support and are regulated. Despite this, they do not provide the popular MetaTrader platforms available whilst the account funding options and CFDs are limited. There is also no social trading platform integration.
Broker Pros / Cons
- Intuitive mobile trading app
- Range of trading instuments
- Competitive fees
- Banking, investing & trading all in one place
- One on one education
- Tutorial videos
- Limited account funding options
- No US clients
- Limited CFDs
- No MetaTrader platforms
- No social trading platforms
- Dormant account fee
Keytrade Bank are based in Belgium, offering a wide range of financial products and services to experienced and informed investors, including banking, investing and trading. These are tailored for all those who wish to manage their finances independently, both transparently and simply.
The strategic objective of the business is to develop Keytrade Bank as an online one-stop financial shop enabling clients to quickly find the financial product (current account, shares, funds and unit trusts, savings accounts, deposit accounts, structured products, insurance, etc.) that suits their individual needs.
Keytrade Bank implement innovative and user-friendly solutions that enable clients to stay in control of their finances with maximum performance, transparent pricing and the lowest possible costs. They also provide professional support as and when required.
Founded in Belgium in 1998 under the name VMS-Keytrade, they became Keytrade Bank in 2002 and acquired banking status by taking over RealBank. In 2005, Keytrade Bank was acquired by Groupe Crelan (formerly Crédit Agricole) and became a 100% subsidiary. Keytrade Bank has been part of the Belgian cooperative group Crelan. Since June 2016, Keytrade Bank is part of the Crédit Mutuel Arkéa Group.
Since its launch, Keytrade Bank has enjoyed constant growth. It has survived through different market conditions including the financial crisis, thus underlining the resilience of its business model that it incorporates. The security of online transactions is a major concern for Keytrade Bank. They are continuously investing in this area while also preserving transaction efficiency and the user-friendliness of the platform.
Keytrade Bank are headquartered in Brussels and the Belgian branch of Arkéa Direct Bank SA (France). Arkea Direct Bank is a credit institution regulated by the French Prudential Supervision and Resolution Authority (ACPR) and by the Belgian financial supervision authorities and Financial Services Market Authority (FSMA) as a credit institution established under the law of another Member State of the European Economic Area with a branch registered in Belgium.
As a Keytrade Bank are a Belgian branch of a credit institution under French law, eligible client assets are protected by the French deposits guarantee system (FGDR) for a maximum of €100,000 for assets held in deposits and a maximum of €70,000 for financial instruments. The guarantee system can intervene when a credit institution, brokerage firm or other investment company is not able to fulfil its financial obligations to clients.
Keytrade Bank can accept clients from various countries excluding those where they cannot due to legal restrictions. You should check with them if you are a resident of a country where they can operate. Some Keytrade Bank broker features and products mentioned within this Keytrade Bank review may not be available to traders from specific countries.
Keytrade Bank have their own proprietary online web platform and mobile app for smartphone or tablet devices running on iOS and Android. Using the Keytrade Bank app you can conduct your banking and trading operations wherever and whenever you want. The app is user friendly with a smooth and intuitive interface. Some of the features of the app include:
- buy and sell any share with relative ease
- track the progress of your investments at any time
- check the movements of 18 major stock markets in real time
- quickly and easily check the status of your accounts
- scan an invoice and pay easily
- personalise your accounts
Keytrade Bank have a selection of tools to help you with your choices and to continually monitor your investments. This includes the Global Analyzer, Idea Centre, Trading Insights, Alerts and Real-time data. With these tools you can closely monitor the stock markets and react instantaneously.
The Global Analyzer is a professional-stock analysis tool where you can quickly analyse any stock from any of the 18 international markets. Using the tool, you can visualise stocks according to different criteria including stock value, quality, outlook and risk.
The free version gives a summary of the analysis and main conclusions. The premium version costs €20 per month but gives a complete analysis (illustrated with graphs and tables) and exhaustive conclusions. This tool is exclusively available in Belgium.
Idea Centre is an exclusive tool offered by Keytrade Bank for identifying potential investment opportunities.
The investment themes are regularly updated to provide you with new and valuable insights and ideas based on detailed market analysis which can give investment ideas for:
- Undervalued shares
- Analysts favourite shares
- Defensive shares
- Golden ideas
With the stock screener, you can scan the market yourself using an advanced search module to filter stocks based on your own criteria. These searches can produce a list of stocks with scores for each filter which helps make it easier to compare and sort the search results.
Stocks can be screened according to the following criteria:
- Markets & sectors
- Valuation (equity, capital / profit, dividend yield)
- Outlooks (recommendations, earnings revision)
- Finances (return on equity, debts, etc.)
- Risk (Beta, Volatility, etc.)
The stock overview page displays essential stock information all in one place. This way you can have all of the necessary information to help with your stock trading decisions at a glance.
The stock profile includes:
- Analysts’ opinion of the share
- Conclusions of the technical and fundamental analysis
- Risk profile
Keytrade Bank provide investment insights which can be incorporated into you trading strategies and help to increase trading efficiency. They cover a range of markets including agriculture, precious metals, energies, real estate, healthcare and emerging markets.
With the stock streamer, you can view stock market shares at a glance and request real time quotes with live updates for stocks on 18 markets. This is free as of 3 transactions a month on the specific market.
- Extended listings for different markets
- Buttons for rapid buying and selling
- Follow your own favourite shares in a separate watch list
- Keep track of stocks on the go using the Keytrade mobile app
You can set price alerts on a share if you want to receive an email, text or push notification when it reaches a target price.
Using the virtual portfolio, you can test your investment strategies without needing to actually invest. You can create multiple virtual portfolios and monitor the results. It is possible to conduct technical analysis for the shares in your virtual portfolio (overbought, oversold, technical signals, etc).
Keytrade Bank have a generous selection of video tutorials where you can learn about Keytrade Bank, the trading platforms and mobile apps, the basics of the stock market, how to trade online and more.
The videos can be accessed from the Keytrade Bank website or YouTube channel. There are a range of different topics that can be beneficial for investors of all experience levels.
Keytrade Bank offer information sessions where you can learn in person with one of their specialists. During these sessions you can learn about the stock market and the world of banking whilst getting an opportunity to ask any questions that you may have. They can also cater to investment clubs and groups with a minimum 10 people.
If you are not yet already a Keytrade Bank customer, you can commence opening your account during the information session if you wish. The sessions are held throughout Belgium, in French and Dutch.
Keytrade Bank have a variety of different financial instruments for trading online including:
- Funds: €9.95 entrance fee (For transactions between €0 to €2,500 on Euronext)
- Stocks: €7.50 per transaction (You only pay a fixed fee, whatever the transaction amount)
- Bonds: Issue price (primary market), 0.20% on the secondary market (with a minimum of €/£/$ 29.95 per transaction).
- Trackers: €7.50 per transaction
- Turbos: €7.50 per transaction
- Warrants: €7.50 per transaction
- Options: €2.95 per contract
Keytrade Bank offer private and professional accounts. You can open a free trading account with Keytrade Bank that includes:
- A host of financial instruments including shares, options, turbos, and more.
- Access to the major international stock markets
- Two exclusive analysis tools: Global Analyzer and Idea Centre
- €7.50 per transaction (up to €2,500 on Euronext Brussels)
There are no account opening or closing fees nor any annual charges. There is however a dormant account fee of €50. No minimum deposit is required when you open an account. You are free to decide how much you wish to deposit on your current, savings and/or trading account.
Keytrade Bank customer support can be reached via telephone from Monday to Friday between 09:00 and 22:00 (CET), email and Skype. They are also on Facebook, Twitter and YouTube. There is a frequently asked questions (FAQ) section on their website that covers many of the questions most commonly asked by Keytrade Bank’s customers.
You can deposit funds into your Keytrade Bank through wire transfer. If you are holding securities with another bank you can transfer them to Keytrade Bank. They have an option to recover your transfer costs up to €2,500 in cash when you transfer your securities to Keytrade Bank.
There is an online form on the Keytrade Bank website where you can apply for an account. You can apply for a private account with 1 or 2 account holders and a minor, or a professional account for those who are self-employed or of a liberal profession.
You will need some personal identification ready to complete the application. There are 6 steps during the account opening process which are:
- Account holder
- Personal information
After you have completed the application, your account will be reviewed. Once it has been verified, you will be able to access the financial services provided.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
Keytrade Bank offer simple banking, investing and online trading services. They make it an easy process to buy and sell stocks and other trading instruments with competitive fees.
The Keytrade Bank mobile app is user friendly and flexible across multiple devices. Where they really shine is the advanced trading tools provided to clients for conducting thorough market analysis.
Keytrade Bank are also regulated and have a reliable customer support team. They offer tutorials and one on one education to encourage informed trading.
Whilst they do have a range of markets to trade online, CFDs and account funding options are limited and they do not offer the popular MetaTrader platforms.