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Kraem Forex

Operating status: SCAM

Website: https://www.kraemforex.com/

Broker violations and abnormal records
  • Apr 12, 2022 BrokersView has reviewed that Kraem Forex is an Unregulated Forex Broker

    Kraem Forex claims it was established in 2002. But when we checked its domain, we found it was newly created on 2 Mar 2022. So how could it start its business in 2002? It is using false statements to increase its credibility. It is a red flag here.

    Besides, Kraem Forex claims it is headquartered in London, with direct branches in the United States, Vanuatu, and Sydney, Australia, and has obtained financial services qualifications and is regulated by local financial institutions. So we did some searching in relevant authorities, including:

    1) The UK Financial Conduct Authority (FCA);

    2) The US National Futures Association (NFA);

    3) The Vanuatu Financial Services Commission (VFSC);

    4) The Australian Securities & Investments Commission (ASIC).

    However, we did not find any match results to Kraem Forex in the above watchdogs' registry. That means Kraem Forex is actually not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

    Kraem Forex claims it was established in 2002. But when we checked its domain, we found it was newly created on 2 Mar 2022. So how could it start its business in 2002? It is using false statements to increase its credibility. It is a red flag here.Besides, Kraem Forex claims it is headquartered in London, with direct branches in the United States, Vanuatu, and Sydney, Australia, and has obtained financial services qualifications and is regulated by local financial institutions. So we did some searching in relevant authorities, including:1) The UK Financial Conduct Authority (FCA);2) The US National Futures Association (NFA);3) The Vanuatu Financial Services Commission (VFSC);4) The Australian Securities & Investments Commission (ASIC).However, we did not find any match results to Kraem Forex in the above watchdogs' registry. That means Kraem Forex is actually not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Sep 25, 2022 BrokersView has found that Kraem Forex is not working

    BrokersView found the domain "https://www.kraemforex.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.kraemforex.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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