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

1.45

Website：https://www.forbschain.com/

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

Score

1.45

Forex Hedging: Is It a Trader’s Safety Net or Just an Illusion?

In the volatile world of forex trading, risk is inevitable. One widely used strategy is forex hedging, which is a useful technique designed not to eliminate risk entirely, but to reduce its potential impact. As global economic uncertainty persists, understanding how hedging works could be an essential addition to a trader’s toolkit.

Original 2025-07-05 08:00

Thinking of Investing? Read Must-Know Facts About Funding pips!

When you check the internet for Funding Pips, you'd be surprised to know it's filled with praise for Funding Pips but often lacks the real facts that traders need. Everything that seems too good to be true should always be verified first. It could be Fraud . So, we conducted research and collected several facts you must know about Funding Pips.

Original 2025-07-04 20:35

OctaFX Back in News: ED Attaches Assets Worth INR 134 Cr in Forex Scam Case

The Enforcement Directorate (ED) in Mumbai has attached assets worth around INR 131.45 crore. This included a luxury yacht and residential properties in Spain. Read this interesting story.

Original 2025-07-04 20:33