Home -
Brokers -
Main body -

WikiFX Express

Exness
EC Markets
XM
TMGM
FOREX.com
FXTM
AvaTrade
IC Markets Global
FXCM
D prime

WIKIFX REPORT: Trading platform forbschain.com: BaFin investigates Forbschain

Forbschain | 2022-07-28 13:54

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.

BrokerDealerForex tradingForex Broker

Related broker

No Regulation
Forbschain
Company name:Forbschain
Score
1.46
Website:https://www.forbschain.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.46

Read more

Rebelsfunding Exposed: Unfair Account Blockage, Frequent Platform Freeze, Unethical Operations

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.

Original 2025-09-25 21:04

ADCB Faces Customer Backlash on All Fronts: Check Top Complaints

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.

Original 2025-09-25 19:21

FX Live Capital Review: Regulation Status & 4 Facts You Must Know

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.

Original 2025-09-25 18:54

Forex Market Time Converter Explained: Trading Hours, Sessions & More

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.

Original 2025-09-25 18:02

WikiFX Express

Exness
EC Markets
XM
TMGM
FOREX.com
FXTM
AvaTrade
IC Markets Global
FXCM
D prime

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
TMGM

TMGM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
TMGM

TMGM

Regulated

Latest News

WikiEXPO 2025 Cyprus “Welcome Party” Kicks Off Tonight in Limassol

WikiFX
2025-09-23 09:52

Pros, Cons & Reality of Investing in Forex

WikiFX
2025-09-23 18:04

Axi CCO Louis Cooper to Retire in Sept 2025

WikiFX
2025-09-23 17:21

GO Markets Launches Signal Centre with Acuity

WikiFX
2025-09-24 16:25

Colmex Pro Review: Regulation, Fees, Platform Logins, and Safety

WikiFX
2025-09-23 18:03

Drawdown in Forex Trading Explained: Definition, Concept & Importance

WikiFX
2025-09-24 17:17

Firstrade Review 2025: Login, Regulation, and Risk

WikiFX
2025-09-24 18:06

Vault Markets Review: Complaints, Withdrawal & Regulation Concerns Revealed!

WikiFX
2025-09-24 18:19

Revealing the Binany Scam: Withdrawal Denials, Deposit Credit Issues & More

WikiFX
2025-09-24 18:35

Kanak Capital Markets Exposed: Mounting Fraud Allegations Leave Traders Unsafe

WikiFX
2025-09-24 19:52

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

FBD HOLDINGS

FBD HOLDINGS

Successful Exchange

Successful Exchange

Titan Markets Pro

Titan Markets Pro

ALPATREXCO

ALPATREXCO

Digital Earn

Digital Earn

Alpha Trade Works

Alpha Trade Works

Multiplex Rushmore

Multiplex Rushmore

FairView Lettings & Trading

FairView Lettings & Trading

Arc Group

Arc Group

Bkquote

Bkquote