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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Is HIJA MARKETS safe or a scam? This is the key question for any trader thinking about using this platform, and our research aims to give a clear, fact-based answer. Based on proven information, Hija Markets shows several major warning signs that require serious caution. The platform started very recently in late 2024, has no financial oversight, and barely exists online - these are huge red flags. This article will examine these issues to show the possible risks to your capital. We will look at the company's background, rules it follows, and how open it is about its business. Before investing with any broker, checking it independently is essential for safety. We strongly suggest using a complete platform, such as WikiFX, to check a broker's legal status and user reviews as your first step.

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