Today, we will discuss KIEXO, which serves traders from various countries. This broker provides access to trading in the Forex market and CFD contracts. Is this firm worth your attention? To determine whether it’s a scam or not, let’s examine the services offered by this company and take a closer look at reviews from real individuals who have already encountered the project’s activities.
- KIEXO General Information
- Registration and Client Portal Review
- KIEXO Trading Conditions
- Account Types Review
- Trading Platform
- KIEXO — Deposit and Withdrawal of Funds
- Additional Options
- Is KIEXO a Scam?
- Legal Information and License
- Kiexo.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
KIEXO General Information
|Address||Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the Grenadines|
Registration and Client Portal Review
The official website of KIEXO adopts a familiar template design that is commonly seen in the industry. The layout prominently features an array of promotional materials, strategically highlighting key features, incentives, and trading opportunities. Despite the prevalence of these promotional elements, the website succeeds in delivering comprehensive and informative content about the broker’s range of services and offerings.
Navigating through the site reveals a well-structured presentation of essential information, including account types, trading instruments, educational resources, and customer support. The use of multiple languages on the website caters to a diverse global audience, making it accessible and user-friendly for traders from various regions.
To register traders are required to provide an extensive range of personal details, including their full legal name, date of birth, complete contact information (address, phone number, email), and country of residence.
KIEXO Trading Conditions
Let’s explore what collaboration opportunities KIEXO offers.
Account Types Review
The broker provides a variety of trading accounts tailored to different financial capacities. They offer educational resources, access to multi-asset trading, and multilingual customer support across all account types.
- For the “Newbie” account, traders can expect access to currency, indices, and commodities trading, fast order execution
- Moving up to the “Explorer” account, traders receive weekly trading signals.
- The “Trader” account comes with stock trading options, low trading quotes.
- Traders opting for the “Trader Pro” account can benefit from customizable portfolio options, signals with detailed analysis.
- The “Expert” account offers access to advanced trading tools.
- For those choosing the “Expert Pro” account, they gain access to comprehensive charts and indicators.
- The pinnacle is the “Vip” account, which includes a wide range of 1000 trading assets, daily comprehensive trading analysis.
KIEXO also provides exclusive privileges for “Vip” account holders:
- Invitations to important events
- Innovative order execution capabilities
- Round-the-clock customer support
Leveraging a 1:400 ratio, traders can open orders with varying amounts of funds. Reviews highlight that beginners may face challenges in selecting an account type, and KIEXO’s skilled managers are available to assist in tailoring conditions based on each trader’s unique goals and skills.
KIEXO offers its own trading platform, which can be accessed through a web trader or by downloading the mobile app. However, we’ve noticed an unusual aspect regarding the platform’s mobile app. While the provided links should lead to official app stores, they instead direct users to the broker’s personal account. This suggests that the software might not be available through conventional app stores and raises concerns about the transparency and legitimacy of the broker’s mobile app.
KIEXO — Deposit and Withdrawal of Funds
The broker accepts bank transfers, credit/debit cards, and cryptocurrency transfers as payment methods. However, it is unfortunate that the Frequently Asked Questions (FAQs) section does not provide any details regarding fees or the expected withdrawal timeframes for clients. This lack of transparency may raise concerns for potential traders who need clear information about the costs and processing times associated with their financial transactions.
Certainly, KIEXO requires clients to undergo a verification process as part of their security measures. The verification process consists of the following steps:
- Identity Verification. Clients are required to provide a valid government-issued ID, such as a passport or driver’s license.
- Address Verification. Clients need to submit a recent utility bill or bank statement that displays their name and address.
- Proof of Payment. To verify payment methods, clients may be asked to provide a copy of their credit/debit card or a screenshot of their bank transfer.
- Appropriateness Assessment. KIEXO may assess a client’s trading knowledge and experience to ensure that the services provided align with their financial expertise and objectives.
KIEXO offers a wide range of additional services, perhaps even to an excessive extent, with a significant focus on their higher-tier accounts. While having a variety of additional services can initially seem appealing, there are potential drawbacks to consider.
Primarily, concentrating most of these services in the more expensive account tiers could be perceived as excluding traders with limited resources from accessing valuable tools and benefits. This approach may create an uneven playing field and limit opportunities for traders who may not have the means to invest in higher-tier accounts.
Furthermore, excessive additional services, especially those offered exclusively in premium accounts, can create an impression of upselling and focusing on profits rather than genuinely assisting traders. It may also complicate the decision-making process for traders who are unsure which services are truly essential for their trading needs.
Is KIEXO a Scam?
Looking at the trading conditions, one might initially get the impression that KIEXO falls among the category of promising brokers. However, we are here to dispel this misconception.
Legal Information and License
KIEXO claims to be registered in the offshore jurisdiction of Saint Vincent and the Grenadines. This decision in itself raises significant doubts and concerns. Offshore jurisdictions are often associated with lax regulations and a lack of oversight, making them a controversial choice for financial businesses. Such jurisdictions may not provide the necessary level of investor protection, transparency, or legal recourse in the case of disputes.
Furthermore, our investigation did not uncover any evidence of KIEXO’s registration in the specified offshore zone. Despite their assertion, there is no record of the company in the official registry of Saint Vincent and the Grenadines. This raises serious questions about the broker’s credibility and authenticity. In this context, discussing the existence of a valid license becomes irrelevant, as the absence of proper registration casts doubt on the broker’s legitimacy altogether.
Kiexo.com Domain Info
Despite the fact that KIEXO’s website domain was registered back in 2014, the actual operations of the broker commenced much later. This is evident from snapshots in the web archive. For instance, in 2018, the domain was still up for sale. Therefore, the true age of this project is not as substantial as it may seem at first glance.
Clients are provided with various channels of communication to reach out to KIEXO, including a phone number, email, and even a live chat option. However, it’s worth noting that there is no office address available, which is not surprising given the lack of official registration.
Pros and Cons
- Wide range of trading instruments.
- Lack of regulation.
- Ambiguous company information.
- Overwhelming additional services.
- Limited trading platform availability.
- Negative reviews.
Frequently Asked Questions (FAQ)
KIEXO provides a range of trading services for forex and CFD contracts, allowing clients to access various financial markets and instruments.
The minimum deposit requirement for KIEXO is in accordance with the trading conditions outlined on their platform. The exact amount may vary depending on the chosen account type and starts at $250.
As of our analysis, KIEXO does not appear to be a regulated broker and lacks verifiable regulatory information. This raises concerns about the legality and compliance of the broker’s operations.