Warnings From Regulator: BaFin Investigates These Unregulated FX Brokers in May
According to the updates of the German financial regulator in May 2024, BaFin has made clear that the following brokers do not have authorization under the KWG to conduct banking business or provide financial services.
Unknown operators provide financial and investment services on the websites without the necessary authorization.
BitPEX
Website: bit-pex.io
Website: tradingaicoin.com
Notice: Other similar websites also caught the attention of BaFin. The homepage of each website begins with the following sentence: “Step Into the Trading Arena With Confidence & [name of website]”
FCapital24
Website: fcapital24.co
Notice: On Dec 4, 2023, and Feb 26, 2024, BaFin warned two identical websites fcapital24.com and fcapital24.eu.
Website: broker-edge.co / stocket.net / barclaysag.com
Notice: Other warned identical platforms includes finanzeno.com, bitinvesting8.com, equityexperts.pro, bybitprofit.io and qontigo.life.
Greater Capital
Website: greatercapital.world
Website: tdcryptotrade.com
Notice: The operator claims to be located in Beverly Hills and Miami, USA. Other similar websites also caught the attention of BaFin with those websites' homepage displaying the phrase: “Step Into the Trading Arena With Confidence & [name of website]”.
FXStocks24
Website: fxstocks24.com
Notice: Three other websites (centrisfx.com, on-traders.com and chomcapitals.com) that share identicial content and graphics with the platform also warned by BaFin.
MayFairCap
Website: mayfaircap.io
Hooya Plus Capital Inc. / Trade211 (Pty) Ltd
Website: trade211.com
Notice: The location of the website and its operator is not clear.
Havenhold / Havenhold GmbH
Website: havenhold.de
Website: pepperstone.vip
Notice: This is an identity theft. Licensed securities institution Pepperstone GmbH does not operate the website
Website: toptiercapital.org
Notice: The unknown operator claims to be located in London, UK. Other similar websites also caught the attention of BaFin with those websites' homepage displaying the phrase: “Step Into the Trading Arena With Confidence & [name of website]”.
TradingProFinancial / ActivFX
Website: tradingprofinancial.com / activ-fx.com
Notice: Other similar websites also caught the attention of BaFin with those websites' homepage displaying the phrase: “Step Up Your Trading with [name of operator]”.
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