Kiexo is an offshore CFD broker offering margin trading on a modern platform with over 1,500 assets from various market classes. The company caught our attention because it has positive reviews, despite lacking a license and any security guarantees. It seems quite suspicious. Moreover, being registered offshore and having a policy of secrecy and opacity doesn’t provide full confidence that this isn’t a scam. So, what are the trading conditions, what does the organization represent, and can it be trusted? Let’s delve into the details.
Table of Contents
Highlights
| 🏛️ Country | St. Vincent and the Grenadines |
| ⚠️ Regulation | – |
| 🖥️ Website | https://kiexo.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2020 |
| 💲 Minimum Deposit | $250 |
| ⚖️ Minimum and Maximum Leverage | 1:400 |
| ⚙️ Trading Platform | KX Trader |
| en_customercare@kiexo.com | |
| 📞 Phone | +18008478064 |
First Impression of Kiexo.com
The broker’s official website looks unremarkable, just a typical brokerage resource. The site is structured so that at the top there are standard sections about the platform, the company’s activities, contacts, and other conditions. There’s a main page listing the firm’s features and advantages, with graphic elements in the form of pictures of people in suits, traders’ workstations, and charts. At the bottom of the page is a legal address and a standard risk warning. In short, Kiexo hasn’t done anything interesting or unique.
The broker uses clichéd phrases and motivational slogans. There are several languages available and standard legal documents. We didn’t find any problems, typos, or errors. So, Kiexo has a typical official website that you might see with any other brokerage intermediary. It’s quite bland, formulaic, and at times lacks specifics, details, and evidence.
Partnership and Bonuses
When registering an account, the system offers to enter a promo code, hinting at the presence of an affiliate program in Kiexo. However, there’s no information about the terms of the affiliate program on the site. Clients can also receive deposit bonuses. It’s important to remember that these bonuses are given under special conditions. Most often, forex brokers require a certain trading turnover within a specified period to allow the withdrawal of the bonus and the profit made from it.
Account Opening on Kiexo.com
To get acquainted with the inner workings of the company, you need to create an account. Unfortunately, there’s no demo mode, so to test the platform, you must invest real money. The account creation procedure in Kiexo is standard and involves providing complete client information, including the residential address. You also need to agree to the terms.
For unknown reasons, creating an account was unsuccessful. After entering all the data and ticking all the required boxes, the system displayed a message: “It seems an error occurred. Please reach out to our support desk for further assistance”. Therefore, we can’t check the capabilities of the personal cabinet, its interface, and the trading terminal at Kiexo.
Verification
The company follows the AML&KYC policy, so the verification process here is mandatory. This procedure is standard and involves uploading documents in the personal account that confirm the trader’s identity, their residential address, and a photo of the bank card if it’s used for the deposit. Documents can also be sent to the email address customercare@kiexo.com. The purpose of KYC, how this procedure is carried out, and other details can be found in a separate document dedicated to the AML&KYC policy.
- The firm describes the process in detail.
- Kiexo is going to ask you to upload a photo of your credit/debit card.
Trading Software
Kiexo has developed its own trading platform called KX Trader. The popular MetaTrader software was taken as a basis. The terminal allows using advanced tools for graphical and technical analysis, 3 chart types with direct trading from the charts, 6 pending order types, and an in-built OOP language. The platform is available both on computers as a WebTrader and on Android/iOS mobile phones.
Well, the firm confidently describes its terminal as the best. However, judging by traders’ reviews, the Kiexo platform is quite primitive and doesn’t even come close to other popular alternatives. Should you believe what the broker describes on its website? After all, it is impossible to test the terminal in practice. It is up to you.
| Features | Kiexo | Anso FG | Moon Star |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ✔️ | ✔️ | ✔️ |
| Own Development | ✔️ | ✔️ | ❌ |
How Can I Trade With Kiexo?
Before starting to trade, it’s necessary to choose one of several account types. This choice determines the list of additional services and conditions.
All Info About Account
Kiexo offers 8 different tariff plans. We won’t review all of them, as it doesn’t make much sense. For instance, starting from the second tariff, the minimum deposit is $10,000, and more. For example, account types “Expert” and “Expert Pro” require deposits of $500,000 and $1,000,000 respectively. Are there any takers willing to invest such huge amounts in a broker with a mixed reputation?
The first account type requires a deposit of $250. Such an amount is often associated with scam brokers. Will Kiexo be an exception? Unlikely. Owners of the “Newbie” tariff get access to all platforms, fast and reliable order execution, educational materials, and multi-language support. The second account type starts at $10,000, which is also a significant downside. The gap between the first and second is $9,500, with the main differences being the availability of services like in-depth investing tools for daily trading and weekly signals.
It feels like Kiexo is trying to lure money out of traders. It’s enough to recall that open registration is impossible, and that a client definitely needs to first contact the broker’s representatives. And then, these feelings of an attempt to extract a larger deposit become stronger and stronger.
The leverage of 1:400 indicates a lack of regulation, as financial commissions prohibit brokers from offering such high leverage parameters. Moreover, Kiexo lacks not only a demo account but also a swap-free feature. And parameters like commissions and spreads are not mentioned at all. Can the conditions be called favorable and competitive? Definitely not.
- None.
- The firm requires a high minimum deposit.
- The broker lures as much money out of traders as possible.
- Important terms like commissions and spreads are unknown.
- There is no Islamic account and no demo.
Market Analysis and Education With Kiexo.com
In addition to the aforementioned features, all clients are offered an economic calendar, instrument expiration dates, a Fibonacci Calculator, and a pivot value calculator. The firm also provides a FAQ section and technical support.
Deposit, Withdrawal, and Fees
The company supports both fiat money transfer methods (credit/debit cards and bank wire transfers) and cryptocurrency methods. Kiexo does not disclose commission fees and processing time for withdrawal requests.
| Features | Kiexo | Xtrader365 | Korata |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ✔️ | ✔️ |
| Crypto Transfers | ✔️ | ✔️ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
You can contact Kiexo’s managers in various ways: email, phone, and online chat. Additionally, they have accounts on Twitter, Instagram, YouTube, and Facebook. However, these accounts are inactive, with hardly any posts, and the number of followers is minimal.
- There are all the basic ways to get in touch with managers.
- Accounts in social networks are inactive.
Is Kiexo Dangerous?
It seems quite odd that one cannot register an account with the broker. Also, account types, where the minimum deposit is astronomically high, are not trustworthy. There’s no demo account, and online reviews are mixed. Kiexo appears to be more dangerous than not. The only thing left to check is the registration, operation period, and licenses.
How Long Does The Broker Work?
The foundation date is a very interesting and important question. The firm doesn’t disclose when it was founded, so one has to search for the date independently. Social media accounts were created in 2020, but the domain was registered in 2014 and only updated in 2020. All of this suggests that Kiexo started operating in 2020.
How Is Kiexo Regulated?
Nothing is known about the regulation because licenses are not even mentioned on the website. The broker lists its legal address in the offshore jurisdiction of Saint Vincent and the Grenadines, which in itself is a significant red flag. However, even more crucial is that this broker is not listed in the SVGFSA registry. We checked the registry for KIEXO LLC, but found nothing.
In essence, the company operates illegally, as it lacks a license. Moreover, the official registration of the legal entity is questionable. In short, there’s a complete set of red flags and downsides here. Absolutely no guarantees, zero security, and reliability.
| Features | Kiexo | InterActive | Monzaee FX |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With Kiexo?
Is Kiexo Legit?
How Risky Is It?
Kevin Berry Saw a broker from Saint Vincent and the Grenadines? Send them packing. Such companies are rarely reliable and safe. Almost all offshore organizations engage in fraud. Kiexo is no exception! Withdrawals don’t work here because it’s not profitable for the company. They want clients to invest money and then lose it, so the entire platform here is set against users. There are numerous negative factors that scream: “Stop! Don’t invest here, or you’ll lose all your money!”.
Kiexo rating
6 reviews about Kiexo
Zero chances of success and earnings… such brokers are scams… my friend lost $1000 here… that’s the proof that kiexo.com is a scam organization…
You can’t trust the positive reviews that you might find online about kiexo because these are fake reviews written to promote this fraud place to get people to invest their money. It’s a disgraceful scam!!!
STOP!!! These are blatant scammers and cheats who only want to lure you into their fake platform, which they claim is the best and most advanced. But it’s just an ordinary fraud site, not a broker at all, as many might think. It’s fake trading here, a typical scam broker. Spread negative reviews about this platform and this fraudulent place so other traders know the truth.
I traded with this firm in 2021. I can’t really call it “trading.” Huge spreads, constant delays, and a poorly functioning terminal are the main issues every trader faces when choosing this broker.
I didn’t last long, only 1 month, then I left and started looking for another firm. At Kiexo, I ended up losing all my deposit because it wasn’t beneficial to trade under such conditions. Perhaps even the withdrawal system doesn’t work. I’m not sure; you’d have to check with those who’ve tried withdrawing. I lost my money faster than I had a chance to request a withdrawal. I definitely do not recommend this platform.
You shouldn’t even consider Kiexo as a broker for account opening and trading. It’s a dangerous offshore company that doesn’t represent a safe brokerage intermediary. There are a lot of complaints and negative reviews about how this brokerage firm engages in fraud, how it steals money, and scams people thoroughly. I advise staying away from offshore pseudo-brokers. Especially from those who haven’t even obtained a license. And Kiexo is precisely an example of a pseudo-broker who, besides being registered in Saint Vincent and the Grenadines, also lacks a license. There’s no doubt that this is a firm of scammers and fraudsters, established to make a quick buck off trusting traders.
Invested money not refundable! Can’t get hold of anyone! Brokers are 100% scammers ! Waist of time!