KIEXO Review – Is There Anything They Are Honest About?

KIEXO broker has its offices registered offshore, in St. Vincent and Grenadines. Unfortunately, a beautiful country but with so many scammers nested there. Since 2014 when kiexo.com was created, this company has been hiding in plain sight.

But to learn how to recognize their tricks in the future, don’t blink. This honest KIEXO review brings you a whole lot of interesting content and ways to protect yourself.

Legal Info: Is KIEXO Legit Or A Scam?

Considering their registration offshore, it’s hard to believe they are regulated at all. Nevertheless, we don’t jump to conclusions. Therefore, we are checking all the main Tier 1 regulation databases, starting with FCA, BaFin and ASIC. But also many more.

However, the research didn’t bring anything positive. There are no traces of the KIEXO broker having a regulation. On the contrary, there are multiple warnings issued. Primarily by Spanish CNMV and their move is followed by CONSOB and FSMA. Therefore, there’s not much to hope for with this broker.

Who Are KIEXO’s Clients?

According to whois.com the company has operated since 2014. Quite a long time for an unregulated broker. Nevertheless, they have built their pattern and mostly scam traders from: 

• Turkiye
• Brazil
• Ukraine
• Czechia

Many clients are looking for a way to get their money back. Without regulations, it’s hard to do anything, unless you apply for a chargeback which is not easy for an individual. Therefore, we suggest you book a consultation with our experts as soon as possible.

Traders Experience

What could surprise you are Trustpilot reviews about the KIEXO scam broker. It’s quite hard to believe that this scheme firm has 80% of positive reviews out of 280 in total.

Thus, like the whole company most likely it’s all fake. But those negative ones reveal the bitter truth. That this broker is just ripping people off and stops responding once they request their profits withdrawal. If this happens to you as well, don’t hesitate to reach out to our refund specialists.

Leverage, Commissions, Spreads, Fees and Taxes

One of the first signs of the scam is that the company offers a leverage of up to 1:400. Even though that’s fine in SVG, that’s not allowed in Europe. At least according to ESMA rules or any other regulation. 

Besides, the company doesn’t reveal any other trading or non-trading costs.

Bonuses

Another key fact is that the company offers bonuses. Of course, these come as well with a malicious bonus policy. But with KIEXO scam broker the situation is even worse. They don’t reveal what’s the minimum trading volume. Also, they state it can change at any time without prior notice. What a nonsense!

KIEXO Trading Features

Allegedly the company offers KX trader. That’s a proprietary platform, but all download options lead to the KIEXO login terminal. This is quite a shady pattern and most likely leads to a basic web-based platform.

After all, you can forget about the advanced features that you could get with other software, for example cTrader or MetaTrader. Yet, to better understand the importance of trusted software and the downsides of shady ones, read our 12Trader review.

Available Trading Assets

Tradeable assets with scam brokers are the least important thing because it’s all fake like the whole company. Anyway, KIEXO LLC broker offers: 

• Forex – EUR/HKD, AUD/NZD
• Commodities – silver, palladium
• Indices – DowJones, ASX200
• Shares – Microsoft, Nvidia
• Cryptos – BTC, LTC

Account Types

Important to realize is that the KIEXO broker doesn’t have special account types. Practically everyone gets the same offer, even though it’s unknown. In fact, the only known detail is the minimum deposit requirement of $250.

On the positive side, the company claims to offer an Islamic account. But there’s another flaw. They don’t offer a demo account.

Mobile Trading App

Indeed, KIEXO trading company claims to offer dedicated iOS and Android apps. However, the download options just lead again to the login terminal. But if you search in stores for apps, there are none.

KIEXO Withdrawal

Considering their shady bonus policy, they will definitely try to give you a bonus. That way they can manipulate your account balance as they like. Even though they claim to accept debit and credit cards, just be aware if you are buying cryptos prior to that.

Also, the company doesn’t reveal withdrawal processing time or fees. Moreover, there’s a part in T&Cs where they can terminate your account for many reasons. So, everything is designed for a scam! But to find out more tricks, check out on our CapitalPanda review as well.

Customer Support

Even though the KIEXO broker has multiple contact options, that doesn’t mean it’s reliable. Anyway, you can reach out to them via e-mail, phone or live chat 24/5. Yet, many clients in the reviews were complaining about their customer service.

Key Information To Consider About KIEXO?

Everything about this broker is suspicious. Starting with the ownership, address, regulatory status and trading conditions. Not to mention numerous warnings and negative reviews.

Therefore, all kinds of troubles are inevitable with this broker. In any case, our refund specialists are available for consultations if you have any withdrawal problems. They know how to advise you properly on the chargeback process. Book your first meeting now for free!

FAQ Section