BaFin Acts Against Unauthorised Investment Products and Online Financial Platforms

Germanys financial regulator BaFin has taken action against an unapproved public investment offer and issued warnings against several online financial platforms suspected of operating without authorisation.

The cases cover different products and services, including capital investments, securities services, crypto-asset services, deposit products, and loan services.

Public offering blocked over missing prospectus

One case involves AMAGVIK Int. AG, which was linked to a public offering of participation certificates.

BaFin prohibited the offer because no approved prospectus had been filed under Germanys Capital Investment Act. In Germany, certain capital investments cannot normally be offered to the public unless a prospectus containing the required investor information has been approved.

A prospectus approval only confirms that the document meets disclosure requirements. It does not mean BaFin has approved the issuer or the investment itself.

Online platforms named in the warnings

The warnings also cover several websites allegedly offering financial services without the required approval.

The named entities include:

• TradingPoint — investtrading(.)co
• Bitora / Wealthtrade — bitora(.)vip, bitora(.)ch, wealthtrade(.)ltd, wealthtrade(.)fr, wealthtrade(.)ch
• Crownex Capital Group — crownexcapitalgroup(.)com
• Festgeld Deutschlandweit — festgeld-deutschlandweit(.)de
• Check Festgeld — check-festgeld(.)de
• Festgeld Finder — festgeld-finder(.)de
• Kadera Capital — kadera-capital(.)de

Key issues identified by BaFin

The issues differ from one case to another.

TradingPoint was linked to unauthorised financial, securities, and crypto-asset services. BaFin also cited suspected identity misuse involving a regulated Cyprus company.

Bitora / Wealthtrade was linked to several domains and alleged unauthorised financial, securities, and crypto-asset services.

Crownex Capital Group was flagged for unauthorised services and for referring to a regulator that BaFin said does not exist.

Festgeld Deutschlandweit, Check Festgeld, and Festgeld Finder were linked to unauthorised deposit products, while Kadera Capital was linked to unauthorised loan services.

Claimed locations vary by case

The listed platforms used different stated locations. AMAGVIK Int. AG was linked to St. Gallen, Switzerland. Bitora / Wealthtrade cited Switzerland and Costa Rica. Crownex Capital Group claimed a London location. Several deposit or loan-related websites claimed Germany as their location.

For TradingPoint, no public location was listed in the table.

What investors should check

In Germany, companies that offer banking, financial, securities, or crypto-asset services generally need proper authorisation. The same applies to many deposit and loan-related services.

Before dealing with an unfamiliar platform, investors should check whether the company name, website domain, licence status, and stated location match official regulatory records. This is especially important when a website promotes fixed-return deposits, online loans, crypto services, or investment products through a simple registration page.

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