WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Kraemforex

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://kraemforex.com/en

Website

Rating Index

Contact

info@kraemforex.com
https://kraemforex.com/en
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

Kraemfx Trading Co Ltd

Abbreviation

Kraemforex

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-21
  • 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 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Kraemforex · WikiFX Survey

Users who viewed Kraemforex also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

AUS GLOBAL

8.23
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

Vantage

8.65
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Kraemforex · Company Summary

Aspect Information
Company Name Kraemforex Trading Co Ltd
Registered Country/Area United Kingdom
Founded Year 1-2 years
Regulation Lacks valid regulation
Minimum Deposit $500
Maximum Leverage Up to 1:500
Spreads Not disclosed
Trading Platforms MetaTrader5 (MT5)
Tradable Assets Foreign exchange, precious metals, commodities, CFD products
Account Types Standard and VIP
Demo Account Available
Customer Support Email: info@kraemforex.com
Deposit & Withdrawal Various payment options like wire transfer, MasterCard, VISA, Maestro, e-wallets (Skrill, Neteller, PayPal) potentially supported

Overview of Kraemforex

Kraemforex is an online forex broker based in the United Kingdom, operating without valid regulation. Founded within the past 1-2 years, it offers trading with a minimum deposit of $500 and a maximum leverage of up to 1:500.

The broker provides access to foreign exchange, precious metals, commodities, and CFD products. They offer Standard and VIP account types, along with a demo account. Customer support is available through email (info@kraemforex.com). Deposit and withdrawal options include wire transfer, MasterCard, VISA, Maestro, and e-wallets like Skrill, Neteller, and PayPal.

Is Kraemforex legit or a scam?

Kraemforex lacks valid regulation and has an abnormal status with the United States NFA (license number: 0547159). It exceeds the regulated business scope and has received four complaints in the past three months. Beware of the risks associated with this broker.

regulation

Pros and Cons

Kraemforex offers several advantages as well as some drawbacks. On the positive side, the broker provides accessible trading opportunities with a relatively low minimum deposit requirement of $500. Traders can benefit from a high leverage ratio of up to 1:500, allowing them to potentially amplify their gains. The platform grants access to a diverse range of tradable assets, including foreign exchange, precious metals, commodities, and CFD products. Additionally, Kraemforex offers both Standard and VIP account options, catering to different trading preferences and needs. The availability of a demo account enables traders to practice and familiarize themselves with the platform before committing real funds.

However, there are notable concerns surrounding Kraemforex. One major drawback is the lack of valid regulation, raising potential risks for traders. The absence of detailed spread information may leave traders uncertain about the cost of their trades. Moreover, the company's relatively short history, founded within the past 1-2 years, might make some traders cautious about its overall reliability and stability. The withdrawal process is not well-defined, which could raise questions regarding the speed and efficiency of fund withdrawals. Customer support is limited to email only (info@kraemforex.com), potentially leading to delayed responses or a less immediate resolution of issues.

Pros Cons
- Accessible trading with a $500 minimum deposit - Lacks valid regulation
- High leverage of up to 1:500 - Spread details not disclosed
- Offers a variety of tradable assets - Unclear withdrawal process
- Provides Standard and VIP account options - Customer support limited to email
- Availability of a demo account
- Supported trading platform - MetaTrader5 (MT5)
- Accepts various payment options for deposits & withdrawals

Market Instruments

Kraemforex provides its clients with access to a wide array of popular trading assets, encompassing foreign exchange, precious metals, commodities, and CFD products. This diverse selection empowers traders to tailor their trading activities according to their individual preferences and strategies.

Whether one seeks opportunities in the dynamic forex market or wishes to explore the potential of precious metals and commodities, Kraemforex offers a versatile platform to cater to various trading preferences. By granting traders the freedom to choose from this extensive range of assets, Kraemforex enhances the flexibility and adaptability of its trading services.

Account Types

Kraemforex offers traders the choice between two live trading accounts: Standard and VIP. To open a Standard account, the minimum initial deposit is set at $500. This account type grants traders the freedom to engage in trading activities across various assets, including foreign exchange, precious metals, commodities, and CFD products. On the other hand, the specific initial deposit requirement for VIP accounts remains undisclosed, possibly catering to traders with higher capital or more advanced trading needs.

In addition to live accounts, Kraemforex provides a valuable feature in the form of demo accounts. These demo accounts allow traders to familiarize themselves with the brokerage platform without the risk of using real funds. This practice account serves as an invaluable tool for honing trading skills, testing strategies, and gaining confidence before venturing into live trading. By offering both live and demo accounts, Kraemforex demonstrates its commitment to accommodating traders of different levels of experience and preferences, promoting a well-rounded and supportive trading environment.

Leverage

Kraemforex offers a maximum leverage of 1:500, appealing to professional traders and scalpers for higher potential gains.

However, beginners or risk-averse traders should be cautious, as high leverage can lead to significant losses, especially without proper risk management. Choose a leverage level that aligns with your experience and risk tolerance to trade responsibly.

leverage

Trading Platform Available

Kraemforex provides its clients with access to the renowned MetaTrader5 trading platform. Whether you're an experienced trader or a beginner, this platform is suitable for all skill levels and trading styles.

It offers sophisticated tools for technical analysis, automated trading capabilities (EAs), and mobile applications, widely used by millions of traders globally.

The platform's intuitive user interface allows traders to manage their orders, trades, and account details seamlessly, keeping them updated with the latest market conditions. With MetaTrader5, Kraemforex ensures a user-friendly and powerful trading experience for its clients.

trading-platform

Deposit & Withdrawal

Kraemforex lacks clarity on its deposit and withdrawal processes. While they accept various payment methods such as wire transfer, MasterCard, VISA, Maestro, and popular e-wallet processors like Skrill, Neteller, and PayPal, specific details are not provided. The speed and efficiency of fund withdrawals are vital indicators of a broker's credibility, and this information is essential for traders to assess the broker's reliability and trustworthiness.

Customer Support

Kraemforex provides customer support to its clients for any trading-related inquiries or issues through the following email address: info@kraemforex.com.

Conclusion

In conclusion, Kraemforex offers diverse assets, attractive leverage, and the popular MT5 platform, catering to traders of all levels.

However, the lack of valid regulation and undisclosed withdrawal process raise concerns. Traders should exercise caution, especially with high leverage, and conduct thorough research before choosing Kraemforex.

FAQs

Q: What assets can I trade with Kraemforex?

A: Kraemforex provides access to a variety of tradable instruments, including forex pairs, precious metals, commodities, and CFD products.

Q: What is the minimum deposit required to open a Standard account with Kraemforex?

A: To begin trading with Kraemforex's Standard account, a minimum initial deposit of $500 is required.

Q: Can I try out Kraemforex's platform before depositing real funds?

A: Yes, Kraemforex offers a demo account option, allowing traders to practice and get a feel for the brokerage platform before committing real money.

Q: What is the maximum leverage offered by Kraemforex?

A: Kraemforex provides a high leverage ratio of up to 1:500.

Q: How can I contact customer support at Kraemforex?

A: Kraemforex's customer support can be reached via email at info@kraemforex.com.

Q: Are there different account types available at Kraemforex?

A: Yes, Kraemforex offers two live account options: Standard and VIP.

Review 7

7 Comments
Write a comment
All(7) Latest Positive(1) Neutral(2) Exposure(4)
Scroll down to view more
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com