Do not be misled by the well organised website kiexo.com keeps. After going through their website, we are sure that there is more to them than they want us to see. Kiexco.com is a scam, and we advise you to read this review to understand why.
Probably the first thing you should consider when beginning forex trading, is choosing the right broker. This can go a long way to defining your forex trading experience. In order to help you with this, we’ve made it our job to review various broker websites and help you tell the real ones from the scams. The following review will tell you all you need to know about Kiexo brokers.
About MatrixFX Trade Brokers
Kiexo is a brokerage company who, according kiexo.com, is located in St. Vincent and the Grenadines (SVG). They claim to reliable trading tools that help all types of traders build efficient trading strategies. Kiexo.com apparently, trades more in stock and currency pairs.
This broker offers a leverage of about 1:400, with a minimum deposit of $100. However, here are some reasons why we feel investing with kiexo.com is to your disadvantage.
Why You Should Beware of kiexo.com
Kiexo brokers have more than just a few shady things about them. However, here are 3 major red flags that should warn you about them.
Kiexo Withdrawal and Deposit
One could say the only good thing about this section is that the minimum deposit amount is $100. The entire withdrawal and deposit information provided by kiexo.com contains absurd fees, most of which are not clearly defined. One of them even permits the broker to close down your account should the money in the account go as low as the minimum deposit.
Worst of all, one of the terms allows Kiexo brokers to change their terms of service all of a sudden, without notifying the client. This means that they are liable to do what they want with your funds without you noticing.
Kiexo.com Trading Platform
One of the few positives to take from Kiexo brokers is its trading platform. The trading platform used by kiexo.com for forex trading is the MetaTrader 5, popularly known as MT5. It is currently the best trading platform on the market and is employed by many legit brokers, even though some of them still prefer the MT4.
The leverage offered by Kiexo brokers hits an amazing high of 1:400.
Kiexo Licensing and Regulation
Kiexo brokers, according to their website, is located in St. Vincent and the Grenadines (SVG). This is a known offshore forex zone, as the SVGFSA do not regulate forex traders. For this reason, SVG has been known to be a breeding ground for shady brokers.
What we’re saying essentially is, Kiexo is an unlicensed broker. They are illegal, and should not exist as forex brokers.
Kiexo Brokers Review Conclusion: Is kiexo.com Legit?
No. Kiexo.com doesn’t make any claims to being regulated by any financial agency. This doesn’t however, change the fact that Kiexo is an unlicensed, offshore broker. We recommend you find a licensed broker, regulated by a reputable agency to trade with. Avoid illicit brokers such as kiexo.com.
Our Recommendation For You
You can make money online by trading with reputable, reliable and trustworthy brokers. We’ve been trading with the Fortrade broker below for sometime now and we have no regrets!
FORTRADE- One of the Top rated brokers and a good choice for new traders. This broker is Licensed in UK(FCA), Australia(ASIC) and Belarus(NBRB). Guess what? you can trade from any part of the world as it accepts Traders Worldwide. Interested in trading with one of the best Forex brokers? Head Over to Fortrade and start trading!