Kiexo is a global Forex broker that offers its clients Forex trading, stock trading, cryptocurrency trading, CFD trading, and so on.
It was established in 2021 in Beachmont of Kingstown, the capital, principal port, and leading commercial center of St. Vincent and the Grenadines, and it is regulated following the SVGFSA regulations. The country of regulation of Kiexo is St. Vincent and the Grenadines.
The minimum deposit is $250 at Kiexo, and the company runs on a proprietary web-based platform. A demo account is available for the clients to check what they expect, and its leverage is 1:400. Withdrawal and inactivity fees are nil at Kiexo.
Kiexo has some pros and some cons. It works amazingly for both new and experienced traders. With an expansive product portfolio with 500+ CFDs, Kiexo is an efficient proprietary platform. It also ensures fund security and offers high leverage. Regarding cons, Kiexo set a high minimum deposit and high CFD fees. Its customer support is also available only for five days.
Pros / Cons
- A good number of instruments to trade
- High Leverage
- Excellent Proprietry Platform
- High CFD Fees
- Low Regulation
Safety and Regulation
Regarding safety, Kiexo still has to prove itself reliable to many clients as it is a new market broker. Due to being a new company and still not holding any major licenses from prominent regulators such as the FCA, ASIC, or CySEC, plenty of people still think twice before investing here. But if you are planning to invest in Kiexo, then there is not much to worry about as SVGFSA monitors its operation and Kiexo maintains and follows every policy of AML and KYC.
Is Kiexo Safe or a Scam?
Kiexo is considered a safe broker to transact with, not a scam, even though top-notch regulators don’t regulate the broker. It maintains all AML and KYC safety standards, ensuring safe trades. Besides, the broker follows a transparent and clear execution policy and is regulated by the SVGFSA while holding 475LLC2020 as its business number.
If you are a VIP client, you have more good news. The company will also offer negative balance protection to you as a particular treatment. The record of Kiexo is also satisfying. There is no trace of malicious misconduct towards clients or any manipulation of funds in their working history.
Kiexo’s service almost covers the whole world. It offers services to every citizen of every country except citizens and residents of the U.S., Iraq, and North Korea. However, remember one thing before trading through the company: you are accountable for securing that all services and actions of Nixse.com are permitted in your country.
Unfortunately, trading fees are inflated in Kiexo, and the prices differ for different accounts. The company’s trading fees are not transparent, so it isn’t easy to measure the costs. An elevated minimum deposit is also required to enjoy this broker’s lower spreads and better service. Moreover, Kiexo does not charge any commission for trading.
Kiexo fixes 1:400 as its highest leverage level, which is comparatively high. It provides an outstanding trading advantage to its clients.
What is Kiexo’s Minimum Deposit?
The minimum deposit for Kiexo is as low as $250, which is very reasonable. However, you will miss lots of luxuries with such low deposits. You need to deposit an order of a minimum of $10,000,000 to enjoy premium service.
Kiexo offers eight kinds of trading accounts for clients. How much better leverage and spread you accept depends on the account types.
The account types are explained below:
By opening this account, you will have complete control over XK Trader and mobile trading. The facilities of this account are competitive market pricing, authentic and quick implementation orders, educational trading materials for beginners, and multi-language support. The minimum amount you can deposit in this account is USD 250.
The minimum deposit for this account is USD 10,000, which covers plenty of markets, including indices and energies, and offers access to weekly signals.
You will have access to developed markets like stocks and energy through this account, depositing a minimum of USD 30,000. Amenities like access to multi-asset trading and low market pricing are also available.
Trader Pro Account
By depositing a minimum of USD 100,000, access to advanced markets such as stocks and currencies, along with access to investing tools for daily trading, will be provided to you. Besides, you will get technical and principal material signals daily with extensive scanning followed by detailed data, charts, and indicators. Moreover, it will provide 24/5 multi-language support.
The minimum deposit is USD 500,000 for this account. By opening an expert account, you will get a customized trading portfolio along with in-depth international market tools.
Expert Pro Account
The minimum deposit for this account is USD 1,000,000. This Islamic account comes with a customized trading portfolio and numerous market products.
This VIP Account is also an Islamic Account that comes with a customized trading portfolio and customized investing materials, along with advanced resources about investment and access to diversified market products. The minimum deposit for this account is $5,000,000.
VIP Pro Account
With this extraordinary account, you will get invitations to different market events with customized market offers. You will also enjoy the facility of having Islamic accounts, and the minimum deposit for this account is USD 10,000,000.
Every account type will allow you to have access to in-depth investing tools for daily trading, competitive market pricing, numerous execution orders, multi-language support; etc.
Deposit and Withdrawal
The company uses diverse payment methods to fund your trading account depending on each account type’s priority level.
Account Base Currencies
Only USD is accepted as the currency. Bank Transfers, Credit/Debit Card, and E-wallets can be used to trade.
How to Make a Deposit?
Several payment methods are offered, from credit cards, wire transfers, and several forms of e-payment. First, log into your account, visit the ‘Deposit’ section and choose the method you prefer.
Enter the deposit amount and add the payment method details.
Kiexo created its proprietary investing platform, XK Trader, by investing massive amounts of money and time. XK Trader is its platform that offers detailed technical charting and essential stock analysis instruments.
Markets and Financial Instruments
The broker offers CFD trading in more than 1,500+ assets, including currencies, stocks, indices, commodities, cryptocurrencies, etc.
Kiexo has a professionally trained customer support team to support its traders through different means of communication.
Means of Communication
You can communicate with Kiexo through Live Chat, email, and phone.
Their email address is firstname.lastname@example.org, and their phone number is +18888189801
Client education is crucial for traders, and Kiexo understands this. Once a client deposits a minimum amount, Kiexo gives clients access to the company’s education center, which is enriched with necessary information and strategies.
Kiexo is a relatively new but legal online CFD and Forex broker in the market that has gained popularity already. This St. Vincent and the Grenadines broker offers its clients eight distinct trading and floating spread accounts. Clients taking service from the company receive access to 1,500+ commercial benefits.
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.
The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.
What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.
There is a very high degree of risk involved in trading securities.
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.
There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.
Looking for more information on brokers and trading? Have a look at our trading guides