WIKIFX REPORT: Trading platform forbschain.com: BaFin investigates Forbschain
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.
Read more
SEB Regulation: Is SEB Licensed or High Risk?
Check SEB regulation, banking services, forex access, and risks before you sign up. Read the facts now.
BitPania Regulation: Is This Broker Licensed or Risky?
Check BitPania regulation, risk labels, complaints, and account details before you deposit. Read the facts now.
MultiBank Group Regulation: Safe Broker or Risk Alert?
Check MultiBank Group regulation, complaints, and withdrawal risks before you trade. Read the facts now.
Befx Regulation: Is This Broker Licensed or High Risk?
Check the BEFX regulation, platform, leverage, and risks before you deposit. Read the facts now.
WikiFX Broker
Latest News
'Resumption of hostilities': seized ship, vessel attacks push U.S.-Iran ceasefire toward brink
WikiFXAnatomy of Currency Pairs: Why New Traders Start With EUR/USD
WikiFXXTB Fined PLN 20 Million by Polish Regulator Over CFD-Related Compliance Issues
WikiFXDaman Securities Regulation: Is It Safe or High Risk?
WikiFXPrimeWaveFX Review 2026 – Should You Trade With This Broker?
WikiFXSEB Regulation: Is SEB Licensed or High Risk?
WikiFXLMFX Review: Should You Trade with This Broker?
WikiFXUAE Finfluencer Rules Face Their Next Test: Disclosure, Oversight, and Platform Promotion
WikiFXCapital Fx Review 2026: Is This Forex Broker Safe?
WikiFXWhy Small Forex Mistakes Turn Into Stressful Account Blowouts
WikiFXRate Calc
