Abstract:In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Forbschain, domiciled in Luxembourg, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.
The information provided on the website operated by Forbschain, forbschain.com, and the information and documents available to BaFin give reasonable grounds to suspect that the company is conducting banking business/providing financial services in the Federal Republic of Germany without the required authorisation.
Under the KWG, authorisation is required in order to conduct banking business or provide financial services in Germany. However, some companies operate without the necessary authorisation. Information on whether a particular company has been authorised by BaFin can be found in BaFins database of companies.
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
Facing serious safety concerns with the Rebelsfunding trading account? Does the Slovakia-based forex broker surprise you by blocking your account? Does the platform freeze frequently and stop you from placing trades? Does the buy/sell button deactivate once you hit profits? Facing app loading issues and detail errors? You need to reach the higher authorities ASAP. Failure to do so may result in fund losses. Many of its clients have complained about the broker online. In this article, we have shared their complaints. Take a look.
Is your banking experience with ADCB far from ideal? Facing constant delays in credit card application approvals? Have you witnessed the stoppage of SMS from the bank for transactions? Does the customer service team fail to respond to your queries? These issues have become increasingly common for ADCB customers. A lot of them, understandably so, have criticized the bank on review platforms. Keep reading to know the top complaints against it.
This article is a review of FX Live Capital. It reveals many facts about the broker, including issues with its regulation and red flags that it tries to hide. This is a scam alert article, and traders and investors should read it until the end.
The forex market is full of opportunities for traders with operations spanning 24 hours a day, five days a week. You might be in India or Russia but you can always trade on forex globally. Forex trading sessions usually overlap globally, allowing you to maximize your trade potential. The major trading centres are Tokyo, London, New York and Sydney. But how will you know the forex trading sessions across different zones? Simple, use the forex market time converter tool. It lets you know the trading hours (open and close times) globally.