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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.

BrokerDealerForex tradingForex 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

Read more

VEBSON Review: Do Traders Witness Withdrawal Denials & Trade Manipulation?

Do you constantly witness withdrawal denials by VEBSON, a Saint Lucia-based forex broker? Have you witnessed withdrawal denial only when you earn profits? Does the brokerage firm constantly push you into losses by manipulating your trades? Did you fail to receive payouts despite passing the challenge? These alleged issues have made their way to broker review platforms such as WikiFX. In this VEBSON review article, we have examined several such allegations against the trading firm. Take a look!

Original 2026-04-02 21:53

Land Prime Review: Is It Worth Your Investment?

Have you invested or are you willing to invest in Land Prime, a UK-based brokerage firm? You need to read this article, where we not only share the list of its brokerage products but also enlist both positive and negative feedback for the broker. It’s like a comprehensive Land Prime review, giving you an unbiased take of the broker so that you can make an informed decision whether to invest in it or not. Let’s begin examining the brokerage firm.

Original 2026-04-02 19:18

Blue Whale Markets Review: Is This Broker Legit or a Scam Now?

Read our Blue Whale Markets review to explore its regulation, login steps, and Forex trading features. Find out if it is a safe broker for your investment.

Original 2026-04-02 17:59

Exnova Review 2026: Is This Broker Regulated or a Major Risk

Read our comprehensive Exnova review. Explore Exnova regulation, login features, and Forex trading risks. Is this broker legitimate? Find facts here today!

Original 2026-04-02 17:42

WikiFX Express

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