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.

Plus500 allegations revealed: trader complaints, withdrawal delays, and regulatory oversight explained in detail.

Upway Scam Alert: Broker faces backlash for backend manipulation, severe slippage, and withdrawal blocks. Real trader exposures uncovered.

Does ACY SECURITIES wipe out your trading gains in the name of scalping arbitrage? Do you find their demand for inventory fees illegitimate? Do you sense a Ponzi scam-like investment when trading through the broker? Have you faced a forced liquidation of your forex positions by ACY SECURITIES? There have been a plethora of forex trading complaints against the broker. Read on as we share the ACY SECURITIES review in this article.

Failed to receive funds despite initiating the Wayone Capital withdrawal request? Have you found the broker’s refundable policy manipulative? Did Wayone Capital block your investment fund? Do you constantly face technical issues at Wayone Capital? Many traders have vehemently opposed these scam-like tactics on broker review platforms. In this Wayone Capital review article, we have shared many such complaints. Take a look!