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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

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

Binany Review: Examining Reported Withdrawal Denials & Deposit Failure Complaints

Binany, a United Kingdom-based forex broker, has been accused of severe trading misconduct by users worldwide. These include the usual withdrawal denial problems, accompanied by the contradictory move from the broker when processing deposits and withdrawals, deposit credit failures, and poor customer service, etc. Annoyed by these undesirable experiences, many traders have gone online and expressed their frustration. In this Binany review article, we have reviewed these complaints thoroughly and shared our overall analysis about the brokerage firm. Read on!

Original 2026-04-06 21:03

FOREX.com Analysis Report

FOREX.com presents a troubling paradox that should give traders serious pause before committing their capital. Despite accumulating 218 reviews and showcasing notable strengths like responsive customer support, a user-friendly interface, and fast execution with low latency, the broker ultimately earns a "Not Recommended" status with a middling 6.5 out of 10 rating. While 154 positive reviews might initially seem encouraging, the concerning 19.7% negative rate reveals systemic issues that overshadow any technical advantages. The most alarming problems reported by traders center on fund safety issues, withdrawal delays and rejections, and support teams that are slow to respond with no meaningful solutions—a stark contradiction to claims of responsive service.

Original 2026-04-06 18:56

E*TRADE Analysis Report

E*TRADE presents a troubling paradox in the forex brokerage landscape, earning a concerning overall rating of just 2.3 out of 10 based on 207 trader reviews and carrying a "Use with Caution" designation. While the platform maintains certain foundational strengths, including a good reputation for safety, responsive customer support infrastructure, and a user-friendly interface that appeals to both novice and experienced traders, these positives are dramatically overshadowed by severe operational deficiencies. The sentiment distribution reveals an alarming reality: 93.2% of reviews are negative, with only 7 positive and 7 neutral assessments among the total feedback collected.

Original 2026-04-06 17:57

Tradeview Markets Review: Regulation, WikiFX Score & Forex Trading Insights

Is Tradeview Markets safe? Uncover Tradeview Markets regulation status, WikiFX score, and critical exposure cases. Get vital insights before you login or trade Forex with Tradeview Markets. Read our review Tradeview Markets now!

Original 2026-04-06 17:24

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
pepperstone
octa
D prime

WikiFX Broker

TMGM

TMGM

Regulated
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TICKMILL

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FOREX.com

FOREX.com

Domestic Regulation
eightcap

eightcap

Regulated
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Regulated
IC Markets Global

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Regulated
TICKMILL

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Regulated
FOREX.com

FOREX.com

Domestic Regulation
eightcap

eightcap

Regulated
FXTM

FXTM

Regulated
IC Markets Global

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WikiFX Broker

TMGM

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Regulated
TICKMILL

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Regulated
FOREX.com

FOREX.com

Domestic Regulation
eightcap

eightcap

Regulated
FXTM

FXTM

Regulated
IC Markets Global

IC Markets Global

Regulated
TMGM

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Regulated
TICKMILL

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Regulated
FOREX.com

FOREX.com

Domestic Regulation
eightcap

eightcap

Regulated
FXTM

FXTM

Regulated
IC Markets Global

IC Markets Global

Regulated

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