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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

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

Read more

Trade Quo Review: Do Traders Face Long Withdrawal Delays & Order Freezes?

Did Trade Quo not respond effectively to your fund withdrawal application? Did you fail to receive funds despite complying with all the documentation requirements? Have you encountered an order freeze by the broker during news hours? There have been multiple user complaints regarding the suspected trading operation glitch at this brokerage firm. This article on Trade Quo review analyzes user allegations along with the broker’s product offerings and the regulatory supervision

Original 2026-05-19 23:51

ST Global Markets Review 2026: Withdrawal Delays & Poor Customer Support Service Complaints

ST Global Markets presents itself as a forex and CFD broker with over 1000 trading instruments for investors. Despite impressive trading advertisements, the Bahamas-based brokerage firm continues to receive negative feedback from traders. They have questioned the company’s withdrawal processing as well as slow responses from its customer support team. In this ST Global Markets review article, we have examined several such user allegations against the forex broker.

Original 2026-05-19 22:01

Dollars Markets Exposure: Traders Report Account Disablement and Unfair Profit Deductions

Is your Dollars Markets trading account disabled by the broker without any reason? Did the broker allegedly wipe out profits made on the trading platform? Did the broker even seize your principal investment? Did you fail to receive your funds into your bank account even after successful Dollars Markets withdrawal application approval? These user allegations have become increasingly intense on broker review platforms, such as WikiFX, a renowned forex broker regulation inquiry tool. We have examined these allegations in this Dollars Markets review article. Additionally, the article sheds light on the regulatory oversight for the brokerage firm.

Original 2026-05-18 22:17

octa review 2026: Reported Legitimate Profit Wipeouts & Withdrawal Delays

octa, a Cyprus-based forex enterprise, has been troubled by a spate of negative user comments concerning withdrawals and slippage. While examining octa withdrawal cases, we found some user complaints talking about legitimate profit removal even after an extensive review by the broker for a long time. Such cases can understandably frustrate traders who apply several effective strategies to earn profits in a fast-moving trading landscape. In this octa review article, we have examined a host of user allegations against the brokerage firm as of 2026.

Original 2026-05-18 20:35

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
pepperstone
octa
SECURETRADE

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