Reported as a scam / unregulated
Why Kraem Forex is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.