Keytrade Bank Overview and Comparison Guide

Keytrade Bank is a Belgian online bank that offers a wide range of financial services, including current accounts, savings accounts, and investments.

Keytrade Bank is a subsidiary of KBC Group, one of the largest banking groups in Belgium.

Keytrade Bank has a strong online presence, with a user-friendly website and mobile app that allows customers to manage their accounts and investments on the go.

The bank offers a range of current accounts, including a basic current account and a premium current account with additional features.

Keytrade Bank offers a range of services that cater to individual and corporate clients.

The bank provides a mobile app that allows users to manage their accounts, pay bills, and transfer money on the go.

Keytrade Bank also offers a cash management system that helps businesses track their cash flow and make informed financial decisions.

The bank's online banking platform is user-friendly and accessible 24/7, making it easy for clients to access their accounts and perform various transactions.

I've seen firsthand that problems with VISA cards and funds can arise when using a service like Keytrade.

Customer service may not always be able to help resolve issues, as in the case of a customer who had money taken out of their VISA card without authorization and was unable to get it back.

Trading stocks can be costly, and small IT problems can be a regular occurrence.

You may need to go to a mediator to resolve disputes, as the customer in question had to do.

Curious to learn more? Check out: Problems with Td Bank Banking Payment System Complaints

Automated savings plans can be a convenient way to start investing, but it's essential to understand the costs involved. Keytrade Bank's Keyplan is a popular option that claims to be "free" with a minimum investment of €25.

The real costs of Keyplan are hidden in the funds you invest in, with fees ranging from 1.51% to 2.30% in the Balanced portfolio. This is significantly higher than the typical 0.20% fee for index-based ETFs.

Be mindful of the dividend tax on some funds, which can be as high as 30% in Belgium. Accumulating funds can help you avoid this tax, but unfortunately, some of Keyplan's funds are distributing and taxable.

If you're a high net worth individual, Keytrade Bank also offers Keyprivate, which requires a minimum investment of €15,000.

Keytrade offers a unique feature for families - you can set up an account for your children, which is a rare option in the broker space.

This allows parents to teach their kids about investing and money management from a young age, making it a valuable tool for family financial planning.

You can also set up joint accounts, which is perfect for couples who want to manage their finances together.

This feature is also handy for business partners who want to manage their company's finances in a joint account.

Keytrade Bank's fee structure is a crucial aspect to consider when deciding whether to use their services. There's no membership fee, but you'll pay a transaction fee for buying or selling something.

Transaction fees are higher for larger transaction amounts and vary per exchange. For instance, buying on the German XETRA exchange costs at least €24.95. This can be steep, making Keytrade less attractive for smaller investments.

Keytrade charges higher fees compared to their peers, with some transaction fees being on the pricier side. Here's a breakdown of their transaction fees:

Buying ETFs on Keytrade will also cost you, with a €14.95 fee for every purchase, which can compound over time.

Creating an account with Keytrade is free, and there's no membership fee to worry about. However, you'll likely incur a transaction fee whenever you buy or sell something.

Keytrade's fee structure is fairly standard for a broker, but they charge higher transaction fees for higher transaction amounts and different fees per exchange. This means you'll pay more for bigger transactions, and the fees can add up quickly.

Here are some examples of transaction fees:

One thing to note is that Keytrade charges a hefty fee for outgoing transfers. If you want to transfer your ETFs or stocks to another broker, you'll pay €60.50 per ETF or stock. This can add up quickly, especially if you have multiple assets to transfer.

Fees for ETFs can really add up over time, as you pay a fee for every purchase. Buying €1,000 of the popular IWDA ETF costs €14.95.

Keytrade is among the most expensive brokers, making it a costly option for investors.

Keytrade Bank has its advantages and disadvantages, which I'd like to break down for you.

One of the key pros of Keytrade Bank is that they handle all taxes for you, which can be a huge relief for investors.

Here are the pros and cons of Keytrade Bank in a nutshell:

Keytrade Bank also integrates well with itsme, which can make things more convenient for users.

On the downside, Keytrade Bank has a fee for dormant accounts, which might be a consideration for some investors.

Keytrade Bank is regulated by the FSMA in Belgium, which oversees them as a regulated entity.

Keytrade Bank has a good track record with the FSMA, with no issues found in our research.

This level of oversight is reassuring for customers, providing an added layer of protection and accountability.

Keytrade is a regulated entity in Belgium, with the FSMA overseeing them.

The FSMA is the primary regulatory body in Belgium, ensuring that financial institutions like Keytrade operate within the law.

Keytrade is based in Belgium, which means they are subject to the country's regulatory framework.

Based on our research, we can't find any information that Keytrade has had any issues with any regulator.

NAICS Code Lookup is a crucial tool for businesses to ensure they're in compliance with regulations. The NAICS code for Keytrade Bank is 522110, which can be further broken down into 5221 and 52.

NAICS codes are used to categorize businesses by industry. The code 522110 specifically identifies banks as the primary business activity. Keytrade Bank's NAICS codes also include 522 and 52211, which provide additional specificity.

Having the correct NAICS code is essential for accurate reporting and compliance. It's used by government agencies, such as the US Census Bureau, to collect data and track economic trends.

For more insights, see: Bank Code

The SIC code is a key component in regulation and compliance, and it's essential to understand what it is.

A SIC code, also known as a Standard Industrial Classification code, is a numerical code assigned to businesses based on their primary activity.

The SIC code for Keytrade Bank is 60, with a more specific code of 602.

SIC codes help regulators and businesses categorize industries and activities for compliance and reporting purposes.

The SIC code can be used to determine the type of regulatory requirements a business must follow.

Keytrade Bank prioritizes the safety and security of its clients' assets. Keytrade Bank is regulated by the FSMA, a reputable financial regulator.

The FSMA has not issued any warnings or penalties against Keytrade Bank, giving you confidence in the bank's operations. Keytrade Bank's cash is safeguarded by the deposit guarantee scheme up to €100,000.

Here's a quick rundown of Keytrade Bank's security features:

Keytrade Bank does not engage in securities lending or payment for order flow, which can sometimes raise concerns about safety and trust.

Keytrade is regulated by the FSMA, which is a reputable financial regulator.

The company has a clean record with no past issues with the regulator.

Your cash balance is protected by the deposit guarantee scheme, up to €100,000.

This means your savings are safeguarded in case of any issues with the bank.

Keytrade does not engage in securities lending or payment for order flow, which can be riskier practices.

Here's a quick rundown of Keytrade's safety features:

Using itsme can significantly speed up the account creation process, as seen with Keytrade, which now allows users to create a new account in a much faster way compared to the old method.

Keytrade uses itsme for account creation, making it a convenient option for users.

This streamlined process is a great example of how itsme can improve user experience, making it easier for people to get started with a new service.

Keytrade Bank offers competitive fees compared to other brokers. This is crucial for investors, as it can significantly impact their returns.

The table below shows how Keytrade ranks in terms of fees for buying €1,000 of the IWDA ETF compared to other brokers.

Keytrade's fees are a key factor in choosing the right broker for your investment needs.

When comparing Keytrade to other brokers, it's essential to consider fees and tax handling. Keytrade ranks well in these areas, but it's worth digging deeper into specific comparisons like Keytrade vs DEGIRO and Keytrade vs Bolero.

Brokers often push investors to trade and pick individual companies, but index funds offer a more stable and diversified option. By investing in a globally diversified index fund, you're essentially betting on the global economy rather than a single company.

Keytrade offers a comprehensive comparison of its services with other brokers, including a table showing how it ranks when buying €1,000 of the IWDA ETF.

Here's a brief summary of Keytrade's performance in this comparison:

This table highlights the importance of considering fees when choosing a broker. Keytrade's fees are competitive, but it's essential to explore other options to find the best fit for your investment goals.

By investing in a portfolio tailored to your needs and goals, you can make the most of your savings long-term. These portfolios are composed of globally diversified index funds, which are secure and under the supervision of the AFM regulator in the Netherlands.

Annual revenue is a key metric that helps businesses understand their financial performance. The annual revenue of Keytrade Bank was $30 million in 2025.

In simple terms, annual revenue is the total income a company generates within a year. This can include income from various sources such as interest, fees, and investments. The Keytrade Bank annual revenue was $30 million in 2025.

Understanding annual revenue is crucial for businesses as it helps them make informed decisions about investments, resource allocation, and growth strategies.

Keytrade Bank has a relatively small team, with 237 people employed at the bank.

This small team allows for a more personalized and agile approach to banking, which can be beneficial for customers.

237 people are employed at Keytrade Bank.

The team at Keytrade Bank is relatively small compared to other financial institutions.

Keytrade Bank has a dedicated workforce of 237 employees, each playing a crucial role in the bank's operations.

Morgan Libert is the CMO of Keytrade Bank.

Morgan Libert is a key member of the Keytrade Bank team.