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.

Broker Dealer Forex trading Forex 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

SupremeFX Exposure: Do Traders Face Profit Deletions & Withdrawal Denials?

Is your SupremeFX trading experience mired with illegitimate profit deletions? Did the broker fail to return back your profits despite putting numerous pieces of evidence supporting fair trading on your end? Failed to receive withdrawals even after waiting for a long time? These are some reported concerns on broker review platforms such as WikiFX. We, through this SupremeFX review article, have endeavored to make it a transparent broker evaluation experience for you. Read on!

Original 2026-04-15 22:52

Long Asia Review: Is This Broker Safe or a Risk for Traders?

Long Asia, a Saint Vincent and the Grenadines-based brokerage entity, continues to grab headlines, with users sharing varied reviews about their trading experience with the company. While some report negative experiences such as withdrawal denials and fund losses, others praise its various account types and low minimum deposit requirements. In this Long Asia review article, we have collected a list of both positive and negative experiences to figure out whether it’s suitable for your trading. Read on to find out.

Original 2026-04-15 21:00

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