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.

Broker Dealer Forex trading Forex 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

Fidelity Exposure: Examining the Latest User Reviews on Withdrawal Denials & Trade Manipulation

Fidelity Investments has been grabbing attention of late for negative reasons. These include complaints concerning withdrawals, account closure without notice, technical glitches in trade order processing, and inept customer support service. As the complaints continue to grow, we prepared a Fidelity review article showcasing some of them. Read on as we share details.

Original 2026-02-19 20:55

ICE FX Review: Are Traders Raising Red Flags Over Withdrawal Fees & Regulation Status?

Does ICE FX ask you to pay taxes for fund withdrawal access? Were you made to pay a hefty fee on a verification failure? Does the broker deliberately cancel your profitable trades? Have you failed to receive assistance from the ICE FX customer support team on your fund deposit and withdrawal queries? These issues have become common for its traders. Many of them have highlighted these issues online. In this ICE FX review article, we have investigated some of their complaints. Read on as we dive deep.

Original 2026-02-19 19:04

Phyntex Markets Forex Scam: $58K Blocked After $50K

Phyntex Markets forex scam: $50K withdrawal approved, $58K blocked on “toxic trading.” Unregulated Comoros broker scams Malaysian traders. Read exposure & protect funds!

Original 2026-02-19 18:08