Clone of Pepperstone

The German financial authority, BaFin issued a warning over a Pepperstone clone. BaFin warns users about the website pepperstone.vip. According to BaFin, this website provides financial and investing services without the necessary authorisation.

The authority stated that the website is not operated by the licenced securities institution Pepperstone GmbH. This is a case of identity theft.BaFin officially said that, Anyone providing financial or investment services in Germany must obtain BaFin approval.

About Pepperstone Pepperstone is a Forex and CFD broker founded in 2010 in Melbourne, Australia. The company has quickly grown to become one of the largest Forex and CFD brokers in the world with over 150,000 clients across the globe. Pepperstone is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), etc. It offers a wide range of trading instruments including Forex, indices, commodities, and cryptocurrencies.

About BaFin

The Federal Financial Supervisory Authority (BaFin) brings together under one roof the supervision of banks and financial services providers, insurance undertakings and securities trading. BaFin acts in the public interest. Its main objective is to ensure the proper functioning, stability and integrity of Germanys financial system. Bank customers, insurance policyholders and investors should be able to trust the financial system.

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