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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

Diago Finance Exposure: Examining Withdrawal Denial & Fund Scam Complaints

Did you find a contrasting difference between Diago Finance’s deposit and withdrawal processes? Were deposits seamless, but withdrawals remained difficult? Did you fail to receive your funds despite paying extra fees? Did the Saint Lucia-based forex broker scam your hard-earned capital? You are not alone! Many traders have expressed concerns over the alleged illegitimate trading activities carried out by the broker. In this Diago Finance review article, we have investigated some complaints against the broker. Take a look!

Original 2026-02-11 21:50

FirewoodFX Review: Investigating Complaints Concerning Bonus & Withdrawals

Thinking about investing in FirewoodFX? Attracted by its no-deposit bonus offers? Stop for a while and evaluate many of the complaints concerning FirewoodFX bonus, verification, withdrawal denials, fund scams, etc. These alleged issues have grabbed significant traction on broker review platforms. In this FirewoodFX review article, we have investigated all of these allegations, shared bonus promotions claimed by the forex broker, and explained its regulatory status. Keep reading!

Original 2026-02-11 20:33

Wingo Markets Exposure: Alleged Profit Deletions and Forced Account Closures

Has Wingo Markets deducted all your profits from the trading platform? Did it illegitimately close your forex trading account and burn all your hard-earned capital? Have you been denied withdrawals all the time? Maybe your issues align with many of its clients who have reported these incidents online. In this Wingo review article, we will check out the complaints, the broker’s regulation status, and some other events it is linked to. Keep reading!

Original 2026-02-11 18:39

Pemaxx Legitimacy Check: An Evidence-Based Review of Scam Allegations

If you are asking "Is Pemaxx Legit" or are worried about a possible "Pemaxx Scam," you are asking the right questions. Choosing where to put your trading capital is the most important decision you will make. In a market with many choices, telling the difference between trustworthy brokers and risky ones is crucial. Our complete review of available information, user experiences, and regulatory details shows major warning signs and high risk with Pemaxx. The evidence we found shows a clear pattern of problems that should make any potential investor very careful. This article will look at these concerns in detail, focusing on three important areas: questionable regulatory status, an extremely low safety score from independent reviewers, and a troubling number of user complaints about not being able to withdraw funds. Before trusting any broker, you must do your own research. This means looking beyond the broker's own advertising and checking its status using independent regulatory datab

Original 2026-02-11 18:15

WikiFX Express

XM
FXTM
IC Markets Global
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TMGM
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octa
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eightcap

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eightcap

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