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

No Regulation

Forbschain

Company name：Forbschain

Score

1.47

Website：https://www.forbschain.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.47

Neotrades Review: Traders Claim Profit Cuts, False Assurances & Unfair Terms

Do you feel constant pressure from Neotrades to deposit your forex capital? Were you given a false assurance by the broker on recovering your trade losses? Have all your profits been wiped to ZERO on the Neotrades login? Does the Mauritius-based forex broker apply stringent terms and conditions for profit withdrawals? In this Neotrades review article, we have showcased these complaints. Read them below.

Original 2025-12-01 20:18

Thailand Strikes Back: Online Scam Losses Plunge ฿195M+

Thailand’s Anti-Cyber Scam Centre (ACSC) reported 392 fewer online scam cases and a 31.4% week-on-week drop in losses—over ฿195 million saved—driven by police suppression and public awareness. Authorities caution that syndicates are relocating and exploiting events (e.g., southern floods). While online purchase fraud remains most common, “reward transfer” scams now cause the highest losses, surpassing investment scams.

Original 2025-12-01 19:05

FXFlat Exposed: Traders Report Withdrawal Issues, High Slippage & Poor Customer Support Service

Making profits, but FXFlat is cancelling all of them? Do you constantly face losses due to slippage by the Germany-based forex broker? Is your forex trading account getting deactivated after making the FXFlat withdrawal request? Do you have to constantly deal with poor customer support issues? You are not alone! Many traders have openly expressed their frustration over these issues online. In this FXFlat review article, we have shared some of their complaints. Read on!

Original 2025-12-01 19:05