BaFin Consumer Alert: Unauthorized Financial Services and Identity Fraud

On 2nd September 2025, the German Federal Financial Supervisory Authority (BaFin) has issued multiple warnings concerning unauthorized financial services and identity fraud. These alerts are particularly pertinent to retail investors and individuals seeking brokerage services. Below are the details of the recent warnings:

Quadrikam.com

BaFin warns against offers on the website quadrikam.com. There is no connection to Quadrik Asset Management AG, which is supervised in Switzerland. The operators offer unsolicited fixed-term deposits in Germany by telephone and email, falsely claiming affiliation with licensed banks. This is likely a case of identity theft.

Conixpay.com

BaFin warns against offers on the website conixpay.com. The company, allegedly based in Wuppertal, describes itself as a bank and offers loans and insurance policies without authorization. Anyone offering banking, insurance, payment, financial, and securities services in Germany requires authorization from BaFin. This company is not authorized to provide such services.

Richfield Invest SA

BaFin warns against offers on the websites richfield-invest.com and richfieldinvest.com. Richfield Invest SA, allegedly based in Frankfurt am Main, offers fixed-term deposits and investment advice without authorization. It falsely claims to be supervised by BaFin and the Swiss Financial Market Supervisory Authority (Finma). This is not the case.

Revenuesbank.com

BaFin warns about the website revenuesbank.com. The operators are offering banking transactions and financial services without the required authorization. Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorization from BaFin. This company is not authorized to provide such services.

Finaxanlage.de

BaFin warns about the website finaxanlage.de. The operators offer banking services, particularly fixed-term deposits, and financial services without the required authorization. They give the impression that their offers originate from Finax, o.c.p., a.s., Frankfurt am Main branch, which is registered with BaFin as a cross-border securities institution. This is not the case; it is a case of identity fraud.

Fidelity Investments Europe GmbH (FDmin)

BaFin warns against offers from Fidelity Investments Europe GmbH in WhatsApp groups and chats, against the app FDmin and the websites fidel-investments.com and houtai.citadelbd.com. The company offers recommendations for the purchase of financial instruments and cryptocurrencies, which do not originate from FIL Fondsbank GmbH or any other company under the brand "Fidelity". This is a case of identity theft.

Enterprise-investment.org

BaFin warns consumers about the services offered on the website enterprise-investment.org. The website operators refer to themselves as Enterprise-investment CORP LTD, citing a business address in London, United Kingdom. BaFin has no information to suggest that these companies have any relationship with the website or the services offered there. It can be assumed that this is a case of identity theft.

Esmartfinance.ltd

BaFin warns against offers on the website esmartfinance.ltd. ESMART FINANCE, whose registered office is unknown, provides financial and securities services without authorization. Anyone conducting banking business or providing financial, investment, or crypto asset services in Germany may do so only with authorization from BaFin. This company is not authorized to provide such services.