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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.

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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

Read more

FIBO Group Under the Lens: Disappearing Deposits & Withdrawal Problems Explained

FIBO Group has grabbed attention from traders for mostly the wrong reasons, as traders have accused the broker of causing financial losses using malicious tactics. Whether it is about withdrawal access, deposit disappearance, trade manipulation, or awful customer support service, the broker is receiving flak from traders on all aspects online. Our team accumulated a list of complaints against the FIBO Group broker. Let’s screen these with us in this FIBO Group review article.

Original 2026-01-09 21:13

GMO-Z.com Review: Do Traders Face Unfair Tax Payment on Withdrawals?

Do you have to pay taxes or margin when seeking fund withdrawals from GMO-Z.com, a Thailand-based forex broker? Do you witness heavy slippage when trading on the broker’s platform? These are some complaints traders have made against the broker. In this GMO-Z.com review article, we have explained these complaints. Take a look!

Original 2026-01-09 19:18

EO Broker Review: Why You Should Avoid It

EOBroker Review shows a low WikiFX score of 1.33/10. No regulation, fake license, and unsafe trading make this broker dangerous.

Original 2026-01-09 17:28

Pocket Broker Review: Why Traders Should Avoid It

Pocket Broker review highlights user complaints of blocked accounts, rejected withdrawals, and fraudulent practices.

Original 2026-01-09 16:59

WikiFX Express

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