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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.

BrokerDealerForex tradingForex Broker

Related broker

No Regulation
Forbschain
Company name:Forbschain
Score
1.48
Website:https://www.forbschain.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.48

Read more

WikiFX Spring Festival Message | Grounded in Transparency, Walking with Trust

As the Lunar New Year approaches, renewal is in the air. It is a moment to bid farewell to the old, welcome the new, and reflect while moving forward.

Original 2026-02-17 00:00

XSpot Wealth Exposure: Traders Report Withdrawal Denials & Constant Deposit Pressure

XSpot Wealth has found many negative comments from traders who have allegedly been deceived by the broker. Traders constantly accuse the broker of causing unnecessary withdrawal blocks and forcing them to continue depositing with it. Many user complaints emerged on WikiFX, a leading global forex regulation inquiry app. In this XSpot Wealth review article, we have investigated multiple complaints against the broker. Read on!

Original 2026-02-16 20:22

SEVEN STAR FX Exposure: Do Traders Face Account Blocks & Withdrawal Denials?

Did SEVEN STAR FX make unreasonable verification requests and block your forex trading account later? Did the broker prevent you from accessing fund withdrawals? Were you made to wait for a long time to receive a response from the broker’s customer support official? Have you had to seek legal assistance to recover your stuck funds? Well, these are some claims made by SEVEN STAR FX’s traders. In this SEVEN STAR FX review article, we have looked closely at the company’s operation, the list of complaints, and a take on its regulatory status. Keep reading to know the same.

Original 2026-02-16 18:18

ZarVista User Reputation: Looking at Real User Reviews to Check if It's Trustworthy

When traders search for "Is ZarVista Safe or Scam," they want to know if their capital will be safe. Nice features and bonuses do not matter much if you can't trust the broker. This article skips the marketing talk and looks at real evidence about ZarVista's reputation. We want to examine actual user reviews, look into the many ZarVista Complaints, and check the broker's legal status to get a clear picture. The evidence we found shows serious warning signs and a pattern of major user problems, especially about the safety and access to funds. This report gives you the information you need to make a smart decision about this risky broker.

Original 2026-02-16 14:57

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
Pepperstone
octa
SECURETRADE

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STARTRADER

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IC Markets Global

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EBC

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IC Markets Global

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