Kraemfx Trading Co Ltd Deposit & Withdrawal

Kraemfx Trading Co Ltd, operating under the ‘Upswing’ brand, presents a classic trap for aspiring traders: a low barrier to entry paired with a near-insurmountable barrier to exit. As a proprietary trading firm, its pitch is straightforward: pay a sign-up fee, demonstrate trading skill in an evaluation, and gain access to funded capital with a share of profits. Yet FXCanary’s investigation into the broker’s funding practices reveals a deeply compromised withdrawal pipeline, laced with broken promises, unexplained delays, and outright refusals to pay.

While the firm scores a severe scam risk of 75 out of 100, the funding story alone should give any trader serious pause. An unregulated entity with zero employees and no deposit or withdrawal methods publicly listed does not inspire confidence. But it is the 20 separate withdrawal mentions in verified user reviews—9 of which are classified as withdrawal-related complaints—that paint an alarming picture. Many traders report that while deposits are processed instantly, getting money out is a battle they are still fighting months later.

Kraemfx Trading Co Ltd does not disclose its deposit methods on any official documentation or website accessible at the time of writing. In a proprietary firm, the initial ‘deposit’ is typically not a trading deposit but rather a fee for a challenge or evaluation account. Traders pay a one-off sum—often in the hundreds of dollars—to attempt a trading trial. Once passed, they are granted a funded account with virtual capital; no further deposit is required. However, the lack of transparency around how those fees are collected is a red flag.

Industry databases and our own cross-checks found no information on whether the firm accepts bank transfers, credit cards, e-wallets, or cryptocurrency. The absence of such basic disclosure is unusual, even among small prop firms. In several user reviews, traders mention paying sign-up fees but do not clarify the method; one negative review claims a promised refund of a sign-up fee was never received even after over a month, suggesting that chargebacks or disputes may be the only recourse. FXCanary reminds traders that providing payment details to an unregulated company with no history carries significant risk of unauthorized charges or data compromise.

The entire profit model for a prop firm trader hinges on regular, reliable payouts. Kraemfx advertises that funded traders will receive a share of the profits they generate—typically 80% to 90% in legitimate firms. Yet the broker does not publish any withdrawal methods. This means traders have no idea whether they will be paid via bank wire, PayPal, crypto, or some other means until they request a payout.

Our analysis of user complaints reveals that even when payouts are reportedly approved, the money often does not materialize. Multiple reviewers say they were told a payment had been sent, only to wait for months with nothing arriving. One trader wrote: ‘I've been trying to get a payout for over 3 months and they will say they are sending it over but still have not received it.’ Another claimed to have made $12,000 in profits but had yet to see any of it, citing ‘excuse after excuse.’ The absence of a transparent, consistent withdrawal process is perhaps the most damning aspect of Kraemfx’s funding infrastructure.

FXCanary cross-referenced all public reviews mentioning withdrawals and found a worrying pattern. Out of 20 mentions, 5 are explicitly negative, detailing non-payment, refund issues, and account manipulation. In one of the most detailed complaints, a user states: ‘No payout and account manipulation by Upswing Trading Co in my trading account. The full story with complete evidence is available at UpswingTradersscamdotblogspotdotcom. They have suspended me from the company without paying my eligible trades.’

Another reviewer reports that they passed the evaluation in June and, months later, had received nothing despite ‘excuse after excuse.’ A third trader describes a promised sign-up fee refund that was never processed: ‘I have bank statements to prove it was never refunded. I’ve called over 4 times and they always tell me the same lies.’ These are not isolated incidents—they represent a systemic failure to honor financial obligations. When combined with the fact that the broker holds no regulatory license, the likelihood of recovering funds through official channels is essentially zero.

Even more disturbing is the evidence that the firm may actively block communication once traders demand payment. One review states: ‘My payout & account request is pending since 11 days and they are not replying me anywhere including email & live chat. Also blocked me from discord.’ This tactic—cutting off contact after collecting fees and then ignoring payout requests—is a hallmark of fraudulent operations. The FXCanary Scam Risk Score of 75 reflects exactly this kind of high-risk behavior: a broker that is happy to take money but seemingly unwilling to return it.

When it comes to the nuts and bolts of funding, Kraemfx offers nothing but silence. There is no publicly available information on how long deposits take to reflect, nor any timeline for withdrawals. In legitimate brokerages, standard withdrawal processing times range from same-day for e-wallets to 3-5 business days for bank wires.

Here, traders are left guessing. The minimum deposit for a Standard Account is listed at $500, but in the prop firm model, that figure typically applies to the challenge fee rather than a trading balance. Still, even that $500 minimum is not contextualized with any details on how it is paid or protected.

Without transparency, the risk of hidden fees becomes significant. Some prop firms charge withdrawal fees, conversion fees, or inactivity fees. Kraemfx’s complete nondisclosure means traders could face unexpected deductions when—or if—they finally receive a payout. Our review of user comments found no mention of such fees, but the absence of information is itself a warning. In a regulated environment, such omissions would be a compliance violation; here, they are par for the course.

Beyond individual complaints, the structural signs of a potential scam are glaring. First, Kraemfx Trading Co Ltd is an unregulated entity. Without oversight from the FCA or any other reputable body, there is no external mechanism to enforce payout obligations or investigate complaints. Second, the company lists zero employees on official records, meaning there is likely no operational capacity to handle payments or disputes professionally. Third, the complete lack of disclosed payment methods means traders are flying blind, handing over money with no knowledge of how or if they can ever get it back.

Another red flag is the contradictory nature of the reviews. While there are positive reviews praising fast payouts and excellent service, these are interspersed with severe allegations of manipulation and non-payment. In several cases, positive reviewers seem to focus on the trading experience rather than actual withdrawals—phrases like ‘very easy to trade on their platform’ are common. Industry databases often flag prop firms that plant or incentivize positive reviews to drown out legitimate complaints, and the pattern here is consistent with that practice. Traders should weigh the concrete evidence of withdrawal failures far more heavily than generic praise.

After a thorough examination of Kraemfx Trading Co Ltd’s funding processes—or lack thereof—we arrive at a stark conclusion: depositing money with this broker is a gamble with extremely poor odds. The evidence from real users points to a high probability that you will not receive the payouts you are owed, and you may struggle even to get your initial fee back. The 75/100 Scam Risk Score is not a theoretical number; it is built on 9 withdrawal-related complaints, 8 scam concerns, and a total absence of regulatory protection.

We advise traders to avoid funding this broker entirely. If you are considering a prop firm challenge, choose only those that operate with full transparency under a robust regulatory framework. Reputable firms disclose their payment partners, offer segregated client funds (even in a prop model), and have a track record verified by independent sources. Before paying any fee, demand clear written terms on payout timelines, methods, and dispute resolution. If a firm cannot provide these, walk away.

For those who have already deposited and are experiencing payout issues, we recommend documenting every interaction, filing complaints with relevant financial ombudsmen where possible, and exploring chargeback options with your payment provider. Bear in mind, however, that unregulated entities often leave traders with little recourse. As always, if an offer seems too good to be true—zero-lag execution, high payouts, an active community—it probably is. Protect your capital by sticking with brokers you can verify and trust.