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The WikiFX Score of this broker is reduced because of too many complaints!
Kraemfx Trading
United States|2-5 years| White label MT5|Chinese market only|Suspicious Overrun|High potential risk|
https://kraemvip.com/en/index
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
1
Server Name
KraemfxTrading-Server MT5
Server Location 
Hong Kong
Hong KongContact
info@kraemvip.com
https://kraemvip.com/en/index
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
Kraemfx Trading Co Ltd
Company Abbreviation
Kraemfx Trading
Platform registered country and region
United States
Company website
Pyramid scheme complaint
Expose
Check whenever you want
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Warning: Low score, please stay away!
3
Previous Detection :
2024-04-25
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
11 pieces of exposure in total Pyramid scheme complaint
Expose Scam
The broker changes it name, but still unable to withdraw
The broker changes it name, but still unable to withdraw
2022-06-22 12:24
Unable to Withdraw
Kraemfx is one miserable platform
The people from Kraemfx trading are all very friendly and helpful until you stop investing or try to withdraw some of your investment, then they totally ignore every advance you make to them. I dared Kraemfx to contact me and prove me wrong , be careful where you invest your money.
2022-05-12 05:53
Unable to Withdraw
Scam company, Beware!
They are really good at stealing your money. I invested thousands of dollars and when it came time to withdrawing, they manipulated the platform to make three large losing trades in my account I raised a formal complaint submitted to fintrack/ org and sent an email to Kraemfx right after, of which i didn’t get any acknowledgement from Kraemfx. The request would still have been pending till now, but the formal complaint I submitted got me withdrawal access to my funds.
2022-06-16 12:16
Scam
scam broker!!!
Try to contact the admin. Every time I talk, there will be a condition that doesn't match at all. The last time it gave me reasons for not paying that my account was faulty and it might have been stolen. Broker prompted me to show my identity and pay 20% deposit of account balance. In conclusion, this broker is a scammer. Can anyone fault this broker? I have lost over $30,000 of my capital. I can only upload 9 pictures so I can't download all of them for that I have proof of payment to this broker.
2022-05-03 21:13
Resolved
Malicious inducement from trading platform
On May 2nd, Kraemfx Trading Co., Ltd. maliciously induced the transaction, resulting in liquidation and loss of all funds.
2022-06-12 17:50
Others
Beware of Kraemfx
i had a horrible experience with Kraemfx because unilaterally closed profitable positions before they get too profitable for the customer - they call this a “profit call”. On numerous occasions I made a correct assessment of market movements but when I logged in to see how the CFD was going it had been closed without any reason given other than “profit call”. Beware of this company
2022-06-15 15:17
Unable to Withdraw
Can't withdraw money. The broker was closed off by a fraudulent account.
From previously complained about the inability to withdraw money There is a broker to trick you into opening an account and depositing money into this broker. Trade and earn and make a withdrawal It appears that the withdrawal cannot be made. The broker has suggested to deposit more. But knowing that he was scammed, he didn't make any deposits. The broker has now closed the account. and cannot withdraw any more money I hope you to help me. Please help me, thank you very much.
2022-06-22 11:28
Unable to Withdraw
Tricked me to deposit, but can't withdraw, doesn't meet the conditions
There is a broker to invite professor and teach forex trading. According to the forex trading page, top up 1741.18 usd, but withdraw 5000 usd if not top up. The money in the pot will be wasted. At first, I recommend depositing 10000 usd. We say that the money is not enough. He told me to go to the bank to borrow money and then withdraw. Deposits need to buy coins through Binance and the service will transfer money into MT5 system. Please help me follow the refund. The month is very hot. This is a very serious lesson. Thank you in advance
2022-05-03 01:39
Resolved
Induced by malicious intent, resulting in heavy losses
On May 2nd, I was induced by Kraemfx Trading's shills, resulting in a malicious liquidation loss of 62,113.72USD during the transaction.
2022-06-12 16:37
Scam
The system reported that the account was subject to money laundering and subsequently suspended the account and deleted the account.
Made a request to withdraw money, but the customer service said that the account is subject to money laundering and must transfer money into 100% equal to our money in order to withdraw the money. If the money is not transferred within 24 hours, there will be a fine of 3% per day. Asked if there was any evidence of our money laundering, but the system has already deleted our account. Contacted by email, no response back at all.
2022-04-22 05:58
Kraemfx Trading · Company Summary
Kraemfx Trading
General Information
Headquartered in London, UK, Kraemfx Trading Co Ltd is a brokerage firm offering a wide range of trading instruments. This company says it has a wide range of clientele, with annual transaction volume of more than hundreds of billions of dollars.
To give its clients an excellent trading atmosphere, Kraemfx Trading offers more than 400 trading products, leverage up to 1:500, as well as 24-hour customer care to solve any trading-related issues.
Market Instruments
Four classes of trading instruments including foreign exchange, crude oil, index available through the brokerage platform. Traders have the freedom to select one of them to use based on the preferences that they have towards trading.
Account Types
Trading accounts are designed for both retail and professional traders, which include Standard accounts and VIP accounts. Obviously, the first account is more suitable for novice traders, with the minimum initial deposit from $500, a little bit high threshold. With standard accounts, you can trade foreign exchange, commodities, precious metals, and CFD products. VIP account holders can enjoy more competitive spreads and lower trading costs.
Leverage
The maximum trading leverage offered by Kraemfx Trading is up to 1:500, which is a generous offering, ideal for professional traders and scalpers as it presents more overall trading flexibility, which directly impacts profitability. However, since leverage can magnify your profits, but it can also cause to fund losses, especially to inexperienced traders. Therefore, it is essential for traders to choose the proper amount based on their risk tolerance.
Spreads & Commissions
Spreads and commissions are determined by trading accounts. With Standard accounts, average spreads conditions are offered, in line with the industry standards. And VIP accounts offer raw spreads as low as 0.0 pips, yet with certain commissions charged.
Trading Platform Available
Kraemfx Trading offers its clients access to the worlds most popular trading platform-MetaTrader 5. The MetaTrader5 platform is suitable for your skill level and trading approach, regardless of whether you are an experienced trader or just starting out. The platform provides users with sophisticated tools for technical analysis, automatic trading capabilities (EAs), and mobile applications, all of which are utilized by millions of traders all over the world. Traders are also able to examine their orders, trades, account details, and keep up to date with the most recent market circumstances thanks to the intuitive user interface that is provided by the platform.
Deposit & Withdrawal
Concerning deposit and withdrawal, Kraemfx Trading does not make this part clear. Some common and popular payment options supported by most forex brokers include Wire Transfer, MasterCard, VISA, Maestro, as well as a series of e-wallet processors like Skrill, Neteller, PayPal, and more. One of the most important aspects in determining the trustworthiness of a forex broker is the speed with which funds may be withdrawn.
Customer Support
A broker's ability to provide excellent customer service cannot be understated. As for the contact information, Kraemfx Trading offers clients with any trading-related issues access to its 24 online customer care through its global customer service line: support@karewold.com.
Company registered address: Apartment 1804 55 Upper Ground, London, England, SE1 9EY, United Kingdom.
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