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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

Not Regulated
Forbschain
Company name:Forbschain
Score
1.49
Website:https://www.forbschain.com/
2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.49

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ALFX Review 2026: Is This Broker Legit or a Scam?

Read our 2026 ALFX review. Explore fees, leverage up to 1:2000, and MT5 features. Check ALFX’s WikiFX status before you trade. Start safely today!

Original 2026-04-15 18:08

Is Trader's Way Regulated? The 2026 Truth About its Licenses and Corporate Warnings

When choosing a forex broker, one question matters most: is it regulated? For any trader doing research, this is the most important starting point. The clear answer about Trader's Way, based on all available public information and official records as of 2026, is that it is an unregulated broker. While the company behind the brand, TW Corp LLC, has a business registration, this is not the same as a financial license. This difference is the most important thing for any trader to understand, because it directly affects the safety of your capital, fair trading, and ways to solve problems. The main point from any investigation into the broker's status is this: Trader's Way operates without oversight from any major financial authority. This fact affects every other part of the broker's risk level.

Original 2026-04-15 17:40

GOLDTRADE Review: Is This Unregulated Broker Safe for Gold Trading?

Unbiased GOLDTRADE review: Explore its services, fees, and WikiFX regulation status. Discover if GOLDTRADE is a legitimate broker for your gold investments. Read more now!

Original 2026-04-15 17:33

PIPS STAR Regulation: Is This Forex Broker Safe?

Concerned about PIPS STAR regulation? Discover its WikiFX status, trading conditions, fees, and potential risks before you trade. Get informed now!

Original 2026-04-15 17:13

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