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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.

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Related broker

Not Regulated
Forbschain
Company name:Forbschain
Score
1.67
Website:https://www.forbschain.com/
5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.67

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Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?

The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.

Original 2026-08-06 20:10

Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate

A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.

Original 2026-08-06 19:44

LMAX Group Review 2026: Users Report Disturbing Withdrawal Issues - Is the Broker Still Reliable?

Did LMAX Group deny you withdrawals citing frozen funds at the wallet service provider’s end? Have you been so exhausted by the endless withdrawal hassles that you have begun to stop investing in the platform? Has this UK-based liquidity provider even questioned your fund ownership status when you requested withdrawals? You are not alone! Many users have complained about these issues while sharing their LMAX Group reviews.

Original 2026-08-05 20:34

57 Booked in Pune Forex Scam Probe: The Fake Trading App Checklist Every Indian Investor Needs

A fresh Pune police probe has reportedly booked 57 people in connection with an alleged forex investment scam involving a trading platform. This India-focused report separates the allegation from confirmed regulatory rules, explains how fake trading app scams use social media, fabricated profits, third-party bank accounts and blocked withdrawals, and shows how investors can verify an online forex trading platform through RBI and SEBI resources. It also places the case within Pune's wider pattern of online investment fraud and provides an immediate response checklist, including the National Cyber Crime Reporting Portal and helpline 1930.

Original 2026-08-04 20:57

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