Kaerm IM is a contract for difference (CFD) broker whose official website was registered on September 5, 2023. It primarily offers CFD trading services in forex, stocks, indices, commodities, energy, precious metals, and more to investors. The company's headquarters are undisclosed. The broker's website is available in multiple languages, including English, Traditional Chinese, Simplified Chinese, Japanese, German, French, Arabic, Korean, Thai, Russian, and others. It explicitly states that it does not provide services to jurisdictions where it may violate local laws or regulations.
Background and Regulatory Status:
According to publicly available information on its website, Kaerm IM is registered as Kaerm IM LTD. It claims to have its headquarters in Tulsa, Oklahoma, providing retail and commercial banking services in the Midwest and Southwest regions of the United States. The company asserts that it is one of the 50 largest financial services companies in the U.S. and the largest in the state of Oklahoma. Kaerm IM states that it has raised over $3 billion for various significant projects and currently manages assets exceeding $4 billion for government and corporate entities. The broker's website indicates that it is regulated by the Financial Crimes Enforcement Network (FinCEN) with MSB ID 31000255528484.
Upon verification, it was found that Kaerm IM is only a non-member entity of the NFA and is not regulated by the NFA. The mission of FinCEN is to safeguard the financial system from illegal use, combat money laundering and related crimes (including terrorism), and promote national security through strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence. However, FinCEN does not regulate financial derivatives trading.
Kaerm IM shares a highly similar website design with several other brokers, including Varna Trade, RH Trade, HCapitalForex, Arlington Asset Investment Corp Ltd, Huigu Limited, etc. These broker websites appear to be mass-produced using the same template, and they are registered with FinCEN and the NFA, potentially to confuse investors.
Additionally, as of November 14, 2023, the broker's website has been registered for only two months.
Account Opening:
To open an account with Kaerm IM, users need to register and log in on its official website. The registration process requires providing name, personal email, phone number, country, residential address, uploading identification documents, and selecting and setting a login password. The broker also requires filling in an invitation code registration form before submission, although a regular registration without an invitation code is typically possible.
Account Types:
The official website of Kaerm IM does not mention specific information about trading accounts. On its frequently asked questions page, the broker claims to offer floating spreads as low as 1 pip, leverage ranging from 1:100 to 1:500, but detailed information about minimum deposits, trading commissions, additional levels, stop-loss levels, minimum trade volumes, etc., is not explicitly disclosed.
Trading Platform:
Kaerm IM only provides a proprietary web-based trading platform for users. This trading platform's rules are highly opaque, and users may be susceptible to price manipulation, slippage, and high trading fees.
Deposits and Withdrawals:
The broker's website does not disclose specific information about deposit and withdrawal methods.
Customer Support:
Kaerm IM only supports customer inquiries through email at support@kaermiuser.com, offering a very limited contact option.
Conclusion:
Traderknows advises investors that the registration information for Kaerm IM's corporate entity is unclear. The claimed regulatory registration seems to be intended to mislead uninformed investors. The broker itself is not regulated by any official financial regulatory authority in any jurisdiction, and the unclear account information, the requirement for an invitation code for registration, the use of a proprietary trading platform, and the singular contact method all suggest that the website may be involved in fraudulent activities.
Traderknows recommends traders to stay away from this platform when choosing a trading platform to avoid unnecessary financial losses. Furthermore, the broker's website design is identified as the same template used by VLC Trade LLC, OBV Trade MT5, SXHJAS GLOBAL LIMITED, ASEX CAPITAL GROUP LIMITED, KFCP GLOBAL LIMITED, Cberry Wt, Varna Trade, RH Trade, HCapitalForex, Arlington Asset Investment, Huigu Limited, and others.
As of now, this broker is marked as a "Pig Farm" on Traderknows.
