KIEXO Broker Review 2024

KIEXO multi-asset broker offers 8 account types [Newbie, Explorer, Trader, Trader Pro, Expert, Expert Pro, VIP, VIP Pro] with minimum deposits ranging from $250 to $10,000,000.

The brokerage isn't regulated by any authority and provides a maximum leverage of 1:400.

KIEXO Company Information Overview: Is It Regulated?

KIEXO, established in 2019, is a lesser-known forex and CFD broker. The brokerage is owned and operated by KIEXO LLC, with its registered address in Saint Vincent and the Grenadines. Key Points About KIEXO:

• Registration Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines;
• Registration Number: 475LLC2020.

It's important to note that KIEXO is not regulated by any major financial authority. While the company claims to prioritize the security and safety of funds, the lack of regulation is definitely a concern and should be carefully considered.

Key Specifics and Details

In this section, we will have an overview of the features, services, tools, etc., available on KIEXO:

Trading Account Types Details

KIEXO offers a tiered account structure to accommodate traders with different experience levels and capital. Here's a breakdown of the account types:

As you move up the account tiers, you gain access to additional features such as:

• Advanced trading tools;
• Daily technical and fundamental analysis;
• Live trading signals;
• Complex chart features and indicators;
• Lower spreads and more competitive market pricing;
• Personalized investment materials.

Also, an Islamic account option is offered for Muslim traders. There are no details and specifics about the accounts and their trading conditions on the website, which is a downside to the broker's services.

How to Register and Verify; Quick Guide

Registration with the broker is the first step before doing anything with it. Let's go over a brief but helpful tutorial:

1. Visit the KIEXO website and click "Create Account";
2. Enter the required information, including name, birth date, email address, phone number, country, and address, and choose the base currency in the form;
3. Verify your email address and/or phone number if required.

You have opened your account in the brokerage. For verification, upload and submit the necessary documents on the website.

Does KIEXO Offer Various Trading Platforms?

The broker does not provide multiple options in terms of trading platforms and only offers a proprietary KX Trader. As stated by the company, this platform features a convenient interface, access to market data & news, level II pricing, and more. The software is available on Android, iOS, and web.

While KX Trader seems to offer a comprehensive trading experience, it's worth noting that KIEXO doesn't provide popular third-party platforms like MetaTrader 4 or 5, which may be a drawback for some users.

Spreads, Commissions, and Non-Trading Fees

We investigated KIEXO's official website and attempted to find information about the spreads and trading commissions, but we found nothing. This is a major disappointment, as most other brokerages provide details on such parameters.

Based on the available data, there are no non-trading fees, including deposit, withdrawal, and inactivity costs associated with the broker.

Deposits & Withdrawals; Does KIEXO Broker Accept E-payments?

The broker provides minimal options for funding your account and withdrawing your money. However, there are popular methods:

• Credit/Debit Cards (Visa and Mastercard);
• Bank Transfers.

The company also allows internal transfers between your own accounts.

Copy Trading & Other Investment Services

As of the time of writing, KIEXO does not offer copy trading or any other investment features. This may be a disadvantage for traders who consider earning passive income besides trading. If you are one of those, you should look for other options. However, this might change in the future.

KIEXO Bonuses and Client Promotions

Based on the investigations done by our team, at the time of this review, this broker does not offer any bonuses or promotional offers. Some brokerages take this approach because of stringent regulating authorities, but KIEXO is not regulated at all, therefore, it is strange coming from this company.

Support Services Review: Channels and Hours

KIEXO provides typical common channels for customer support:

• Email: customercare@kiexo.com;
• Phone: +18008478064;
• Live Chat: Available on the website.

The chat option was mentioned on the "Contact" page of the website. However, we couldn't find the live chat button anywhere.

The support team is available 24 hours a day, 5 days a week; therefore, no 24/7 service is provided.

Trust Scores and User Ratings of KIEXO

We could not find many platforms with submitted user reviews and scores for the discussed broker, and only "Trustpilot" had ratings. KIEXO's page on the mentioned platform contains over 280 reviews, but no rating is revealed.

Trustpilot claims that because of a number of fake reviews submitted for the company, they have hidden the rating. A statement that is truly concerning.

This notice, combined with the lack of regulation, raises questions about the broker's transparency and reliability. Traders should approach KIEXO with extreme caution and conduct thorough research before investing.

Conclusion And Final Words

KIEXO broker offers trading via its proprietary platform, KX Trader. It provides more than 1,500 tradable symbols across 6 markets [Forex, Energies, Indices, Crypto, Stocks, Commodities].

There are no bonuses or investment options provided by this company. The website has received a trust score of 43/100 on the ScamAdviser platform.