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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

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

naqdi Exposure Report 2026: Are Traders Facing Long Pending Withdrawals?

naqdi, a South Africa-based forex broker, is reportedly facing criticism from users over the long-pending withdrawal cases. Some users reported four to eight months of unresolved fund withdrawal requests. With no support over these requests, their frustration became evident in the naqdi reviews they shared online. This article sheds light on those complaints while giving users a view of the broker’s regulatory status

Original 2026-05-26 23:13

Maxpro365 Review 2026: Reported Fund Scams, Withdrawal Hassles & Poor Customer Support Service

Did you lose all your investments on the Maxpro365 platform? Did you fail to witness your deposits on the trading platform? Have you found the procedures regarding fund withdrawals tedious compared to that of deposits? Failed to receive adequate assistance from the customer support team? You are not alone! Many traders, especially from India, have expressed their concerns while sharing the Maxpro365 review online. This article provides an insight into the complaints as well as a regulatory overview of the broker for more informed decision-making.

Original 2026-05-26 21:24

Clarify Capital Analysis Report

Clarify Capital stands out as a recommended forex broker with an impressive 7.9 out of 10 overall rating, backed by overwhelmingly positive feedback from its trading community. With 200 total reviews and a remarkably low negative rate of just 0.5%, the broker has established itself as a reliable choice for traders seeking a trustworthy platform. The sentiment distribution speaks volumes, with 194 positive reviews compared to only 1 negative and 5 neutral responses, demonstrating consistent satisfaction across its user base. Traders particularly praise Clarify Capital for three standout qualities: responsive customer support that addresses concerns promptly, a solid reputation for safety that instills confidence in clients, and straightforward deposit and withdrawal processes that make fund management hassle-free.

Original 2026-05-26 17:07

INGOT Review 2026: An In-depth Investigation into Trading Complaints & Regulation Status

Did INGOT close your account and seize the accumulated funds in it? Did the broker prevent you from withdrawing your funds, including your deposited capital? Faced a capital loss due to frequent slippage in your trade order execution? You are not alone! Many traders have expressed their frustration over these alleged trading incidents. In this INGOT review article, we have examined these allegations and share our views on the broker’s regulatory oversight.

Original 2026-05-25 22:56

WikiFX Express

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

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