BaFin Warns Against Multiple Unauthorised Investment Platforms and Identity Fraud Schemes

Germany’s Federal Financial Supervisory Authority (BaFin) has issued warnings against a series of websites suspected of providing unauthorised financial, investment and crypto-asset services, with several cases involving fake identities, cloned brands and fraudulent trading platforms.

The regulator said the operators behind these websites are not authorised or supervised by BaFin and may be targeting consumers through misleading investment offers designed to create the appearance of legitimacy.

BaFin highlighted that fraudulent platforms are increasingly using the names, branding or identities of legitimate financial companies to gain investors’ trust. In several cases, operators falsely claimed connections with regulated firms or referenced fake verification information to convince users that their services were legitimate.

The websites and entities identified in BaFin’s warnings include:

Website / Entity	Main Concern	Screenshot
finanzora(.)pro	Suspected unauthorised financial, investment and crypto-asset services; identity fraud involving a legitimate company name
212trading(.)online/ 212trading(.)pro	Suspected unauthorised investment services; misuse of Trading 212’s identity
fidentiwealth(.)com/ habitoltd(.)com/ bluebirdsrl(.)com	Part of a series of similar websites allegedly offering unauthorised financial services
klingensteingroups(.)com/ klingensteingroups(.)pro	Suspected unauthorised financial services and false regulatory claims
onlinesparen(.)expert/ onlinesparenglobal(.)com/ ai-wallet(.)org	Suspected unauthorised banking, investment and crypto-asset services; misuse of TradiasWallet name