| General Information | |
|---|---|
| Broker Name: | Kiexo |
| Broker Type: | Forex |
| Country: | Saint Vincent |
| Operating since year: | 2020 |
| Regulation: | operates under the laws of St. Vincent and the Grenadines |
| Address: | Beachmont, Kingstown, St. Vincent and the Grenadines. |
| Broker status: | Active |
| Customer Service | |
| Phone: | +18007974798 |
| Email: | customercare@kiexo.com |
| Languages: | English, Portuguese |
| Availability: | 24/5 |
| Trading | |
| Trading platforms: | MetaTrader 5 |
| Trading platform Time zone: | GMT+2 |
| Demo account: | N/A |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | Yes |
| Other trading instruments: | N/A |
| Account | |
| Minimum deposit ($): | $100 |
| Maximal leverage: | 1:400 |
| Spread: | N/A |
| Scalping allowed: | N/A |
KIEXO REVIEW CONTENT:
Kiexo is a new broker that started operating earlier this year. Firstly, they were aimed at making it in the Portuguese market but have since decided to open up their service internationally by translating their site to English. The translation process is still underway in some sections, but overall, there are not any pages that are impossible to understand.
The broker is located in Saint Vincent and the Grenadines, specifically in Beachmont, Kingstown.
New brokers need to do something to stand out, and in Kiexo’s case, that something is providing a lot of variety. Both in their assets and account types, they provide more different options than brokers that have been around for decades. However, that’s just scratching the surface, as Kiexo does a lot of things well. Here are the features we found most intriguing:
Kiexo provides educational content so new brokers can learn how to predict markets and veterans have a refresher. On top of that, the broker also provides cutting-edge analytical tools to boost the precision of those predictions.
The variety at Kiexo far exceeds that which you get with other brokers. Both the account typing and assets are quite numerous and ensure your trading experience stays dynamic. Besides the excitement factor, a greater pool of choices also ensures better choice quality.
Kiexo decided not to use the profit-boosting tactic of adding commissions or fees onto trades, deposits, or withdrawals. While that may not seem like a big deal to some, even the smallest extra charge means you’re trading at an inherent disadvantage. As you must already be aware, the trading world is already stacked with risk, so adding even more to that is a bad call.
Kiexo’s safety is not as strong as some competitors that have been operating for extended periods of time, but it’s entirely serviceable. Its regulation status is unknown so far, which is entirely normal for a new broker. Also, getting a license that is worth something takes time. There is also the possibility that they’ve already finished the process, but the information got lost between their site translations. Either way, we don’t think that should deter you from trying Kiexo’s service.
We looked through the terms of service for Kiexo and didn’t find any of the malicious rules scam brokers usually impose. On top of that, we scoured the web for any criticism of the broker but found nothing. Aside from the small licensing issue, which we expect to be fixed in no-time, everything else seems to be in order.
As there is no demo option, starting out on Kiexo will cost you $250. While that isn’t free, it’s much less than some other brokers require, and a worthy investment in what we believe to be an excellent service. After that initial deposit, you get a Newbie account, which, while the cheapest out of the bunch, provides good specifications for its price.
However, past the newbie stage, you can progress through seven different account types, each providing better specifications than the last. The final two, VIP and VIP Plus, are reserved for the most loyal and best-earning traders and ensure loyal treatment. The variety is way beyond what most brokers provide, and here is a list of each account type with some of their qualities:
Although the trading conditions get much better as you progress, even the baseline with the Newbie account is great. You get tight spreads with a 1:400 leverage, which is enough to bolster your trades without allowing you to get carried away. Better account types not only improve the existing trading conditions but open entirely new possibilities and rarely seen features. Besides that, the platform they use is top-quality, and the assets you can trade on are more than plentiful.
As you move towards the more technical conditions, you see that the customer service is up to industry standard, and the deposits and withdrawals are more than fair. There is a lot of options, and all of them are fast, while none require additional payments.
As far as trading goes, there is not much that can be improved upon, although we’re eager to see what innovation Kiexo will bring in the future.
Trading on Kiexo goes through MetaTrader5, a platform that does not need much of an introduction. A lot of traders are already familiar with it, as well as the advantages it has. At the very least, most have tried the previous iteration, MT4. Both platforms provide users with an easy gateway into trading with their ease of use, while maintaining usefulness as their users’ skill level progresses through top-quality analytical tools.
On top of that, there are two functions that increase convenience even further. The web client allows you to trade using any desktop device without needing to download anything, eliminating the need for a base device. The mobile client does require a download, however, it allows you to trade anywhere, as long as you’ve got your phone or tablet on hand.
The data between different instances of MT5 synchronize automatically, so you don’t need to choose one of the three main ways to use the software. Instead, you can combine all three and stay on top of your trades all day long.
Throughout our Kiexo review, we’ve said multiple times that variety was their biggest selling point. Most of the variety comes from the sheer volume of trading instruments available. Namely, once you open the trading window, you can decide from a selection of over 1500 products.
While the number itself is impressive, what is even better is that Kiexo avoided the classic mistake of putting all their eggs into one basket. They did not stick most of their assets into one category and call it a day, spreading them out evenly instead. That means no matter your preferred product category, the diversity will be there. All the significant trading instrument categories are present, and here is a list of them.
Kiexo has the three usual customer support options: a phone line, email, and live chat. All three options work 24/5, so you will be able to get help even during the night, and even in spite of time zone differences.
Kiexo, like every broker, has its flaws. And while those flaws can, with some other firms, be significant enough to completely turn you away, with Kiexo, they are just minor setbacks. Even the biggest issues with the broker are easily fixable, and we are sure the company will correct them in no-time considering their rate of improvement. Even as is, Kiexo provides a service that overtakes the vast majority of the competition.
Traders that are loyal and enjoy variety seem to be Kiexo’s target group. Such traders will, without any doubt, find their new home with the broker. Even others, however, are certain to find the excellent all-round service quite enjoyable.
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