Keytrade Bank

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Keytrade Bank
Industry Finance and Insurance
Fate Acquired by Crédit Agricole[1]
Predecessor(s) VMS-Keytrade
Founded Brussels, Belgium (September 15, 1998 (1998-09-15))[2]
Headquarters Brussels, Belgium
Products Financial Services
Profit
  • Decrease€8.958 million (2011)[3]
  • €18.979 million (2010)[4]
Total assets
  • Increase€86.458 million (2011)[3]
  • €83.338 million (2010)[4]
Employees
Subsidiaries Real Lease S.A/N.V Belgium, Keytrade Luxembourg S.A/N.V, Keytrade Insurance S.A/N.V Belgium[1]
Website www.keytradebank.com

Keytrade Bank, Belgium’s first online investment site, is a financial services company based in Belgium with a subsidiary in Luxembourg.

History

Belgium’s first online investment site VMS-Keytrade, saw the light of day in 1998.[5] It experienced success and dazzling growth. In 2002, VMS-Keytrade became Keytrade Bank and acquired its banking status by taking over RealBank.

Today, Keytrade Bank is part of the Crelan Group which is for 50% owned by the Crédit Agricole Group, one of Europe’s largest groups (own funds of € 64.8 billion and net result of € 6 billion[6]).[7]

Products

Keytrade Bank offers all banking and trading services online.

Bank

Keytrade Bank offers all the usual services of a large bank with a current account, a savings account and a term account for free but also debit and credit cards.

  • Current account : available 24 hours out of 24, yielding 1% and 5 cents for each operation executed ; Bancontact / Mister Cash / Maestro / Proton cards for free and credit cards VISA and American Express.
  • Savings account : account with an interest rate of 1.50% a year + 0.40% fidelity premium.
  • Term account : period of the term between 1 week and 1 year and with the possibility to break up the term or to extend the time.

Trading

As online broker, Keytrade Bank offers access to several markets : Euronext Brussels, Paris and London Stock Exchange, Frankfurt (Xetra), Milan (Borsa Italiana), Switzerland (SWX et Virt-x), Madrid (Bolsa de Madrid), Amsterdam, the U.S. (Nyse, Nasdaq, Amex et OTC-BB) and Canada (TSX & TSX Venture).

Keytrade Bank presents a broad range of products for private investors : stocks, options, warrants, turbo’s, mutual funds, trackers, bonds, structured products,…

Beside, Keytrade Bank offers Keytrade Pro, a professional day-trading and trend trading platform for new products which used to be accessible only for professional investors. This offer allows the investor to invest in :

  • The Forex (with 160 currency crosses)
  • The Futures market with more than 400 available contracts in 15 markets
  • CFD’s which allow investors to take position on more than 3500 underlying stocks on the 22 largest global market with a leverage effect from 1 to 10.

References

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